Global Power Tools Market is Rising Exponentially at Rate of 4.7% During the Anticipated Period

The Power Tools Market is expected to rise at annual rate 4.7% in the forecast period of 2020 to 2027 due to the increasing growth of infrastructure projects globally.

  • On the other hand, high maintenance of these power tools and the heavy body of the power tools making them difficult to operate the tools are the factors are expected to obstruct the power tools market growth in the above mentioned forecast period. The rise in concerns regarding the accidents and health issues is projected to challenge the power tools market.

Power Tools Market Scenario

According to Data Bridge Market Research, the market for power tools accelerates due to the growing industrial infrastructure and remodeling of concrete structures and the use for reduction of manual work and improving efficiency with better accuracy. Additionally, rising demand for electric fastening tools in industrial environments and expansion of construction industry positively affects the power tools market. Furthermore, rapid increase in wind turbines and the growth in wind industry requiring power tools for the construction and maintenance extend profitable opportunities to the power tools market players.

Now the question is which other regions power tools market is targeting? Data Bridge Market Research has estimated the largest growth in North America because of the high adoption of these tools. Asia-Pacific is expected to witness significant growth during the forecast period of 2020 to 2027 because of the increasing number of concrete structures in the region.

For more analysis on the power tools market request for a briefing with our analysts

Power Tools Market Scope

The power tools market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country-based analysis power tools market is further analyzed based on maximum granularity into further segmentation. The power tools market on the basis of type has been 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 power tools market is segmented into electric, liquid fuel tool, hydraulic, pneumatic and powder-actuated tools. On the basis of application, the power tools market is segmented into concrete and construction, woodworking, metalworking, welding and others. On the basis of material, the power tools market is segmented into concrete, wood/metal, brick/block, glass and others. On the basis of end user, the power tools market is segmented into industrial/professional and residential. On the basis of sales channel, the power tools market is segmented into indirect sales and direct sales.    

To know more about the study

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

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market by Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators 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
  • Panasonic Corporation of North America (a subsidiary of Panasonic Corporation)
  • Techtronic Industries Co. Ltd
  • Apex Tool Group, LLC.
  • Ferm International B.V.
  • 3M
  • Delta Power Equipment Corporation
  • 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

Research Methodology of Power Tools Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed 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.

Related Reports

Browse in Semiconductors and Electronics Category Related Reports@