Asia-Pacific Power Tools Market is Expected to Grow at 5.5% in the Forecast Period of 2020 to 2027

Asia-Pacific Power Tools Market is forecasted to grow at 5.5% with factor such as increasing growth of electric vehicles, environmental concerns.

Power tools market has shown an exceptional penetration in countries such as China, Japan and India due to growth of cordless power tools in developed countries is boosting the market. In developing countries, the increasing smart connectivity in power tools is creating opportunity for the Asia-Pacific power tools market.

Power Tools Market Scenario

According to Data Bridge Market Research, the market for power tools in Asia-Pacific region has the highest market share for China followed by Japan and India. Market leader is Techtronic Industries Co. Ltd. which accounts an estimated market share of approximately 22% to 23% in the Asia-Pacific region. The company has gained outstanding sales through their Power tools products which include sawing and cutting tools, drilling and fastening tools, demolition tools, routing tools, portable nibblers, air-powered tools, material removal tools, electric cords and plugs, accessories and others.

 Asia-Pacific Power Tools MarketTrends Impacting the Market

Now the question is which other regions Techtronic Industries Co. Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc. and Hilti AG are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific Power tools market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2020.

The power tools market is becoming more competitive every year with companies such Techtronic Industries Co. Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc. AND Hilti AG as they are the market leaders for power tools market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the power tools market.

For more analysis on the power tools market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-power-tools-market

Power Tools Market Development

  • In June 2019, Techtronic Industries Co. Ltd. announced the launch of Cordless 1” D-Handle High Torque Impact Wrench which is a power tool brand of Milwaukee. The new product will be used for fastening 2” bolts and comes in with 2,000 ft-lbs of nut-busting torque. The new product enhances the cordless product portfolio of the company.

Scope of the Power Tools Market

Asia-Pacific power tools market is segmented on the basis of countries into China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Taiwan, Rest of Asia-Pacific.

  • All country based analysis of power tools market is further analyzed into six notable segments which are based on the basis of type, mode of operation, application, material, end user and sales channel. On the basis of type, the Asia-Pacific power tools market is segmented into sawing and cutting tools, drilling and fastening tools, demolition tools, routing tools, portable nibblers, air-powered tools, material removal tools, electric cords and plugs, accessories and others. On the basis of mode of operation, the Asia-Pacific power tools market is segmented into electric, liquid fuel tool, hydraulic, pneumatic and powder-actuated tools. On the basis of application, the Asia-Pacific power tools market is segmented into concrete and construction, woodworking, metalworking, welding and others. On the basis of material, the Asia-Pacific power tools market is segmented into concrete, wood/metal, brick/block, glass and others. On the basis of end user, the Asia-Pacific power tools market is segmented into industrial/professional and residential. On the basis of sales channel, the Asia-Pacific power tools market is segmented into indirect sales and direct sales.

To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-power-tools-market

Key Pointers Covered in Power Tools Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Atlas Copco AB
  • Stanley Black & Decker, Inc.
  • Snap-on Incorporated
  • Robert Bosch GmbH
  • Koki Holdings Co., Ltd.
  • Emerson Electric Co.
  • Festool GmbH
  • KYOCERA Corporation
  • Ingersoll Rand
  • Makita Corporation 
  • Hilti AG
  • Husqvarna AB
  • Techtronic Industries Co. Ltd.
  • Apex Tool Group, LLC
  • INTERSKOL
  • 3M
  • C. & E. Fein GmbH

Above are the key players covered in the report, to know about more and exhaustive list of power tools companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-power-tools-market

Research Methodology: Asia-Pacific Power Tools Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Managers, Electronic Engineers, Industrial Professionals, Electrical Engineers among others
  • Supply Side: Service Providers, Product Managers, Product Designer, Marketing Managers, C-Level Executives, Market Intelligence, and National Sales Manager.

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