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.
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.
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.
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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.
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Key Market Competitors Covered in the Report
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
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.
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