Global Woodworking Power Tools Market, By Type (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, Others), Mode of Operation (Electric, Liquid Fuel Tool, Hydraulic, Pneumatic, Powder-Actuated Tools), Material (Concrete, Wood/Metal, Brick/Block, Glass, Others), End-User (Industrial/Professional, Residential), Sales Channel (Indirect Sales, Direct Sales), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Woodworking Power Tools Market
Woodworking power tools market will reach at an estimated value of USD 23,456.91 million by 2028 and grow at a CAGR of 4.35% in the forecast period of 2021 to 2028. Rapid increase in wind turbines is an essential factor driving the woodworking power tools market.
Power tool is defined as a tool which is actuated by an additional power source and mechanism other than the solely manual labour used with hand tools. The most common types of power tools use electric motors.
Rise in the growth of infrastructure projects globally is a crucial factor accelerating the market growth, also increase in the research and development activities in the market and rise in the demand from emerging economies are the major factors among others boosting the woodworking power tools market. Moreover, rise in the technological advancements and modernization in the machinery used will further create new opportunities for woodworking power tools market in the forecast period mentioned above.
However, high maintenance of these power tools and rise in the cost of research and development activities in the market are the major factors among others restraining the market growth, and will further challenge the woodworking power tools market in the forecast period mentioned above.
This woodworking power tools market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on woodworking power tools market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Woodworking Power Tools Market Scope and Market Size
Woodworking power tools market is segmented on the basis of type, mode of operation, material, end-user and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the woodworking 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.
- Based on mode of operation, the woodworking power tools market is segmented into electric, liquid fuel tool, hydraulic, pneumatic and powder-actuated tools.
- Based on material, the woodworking power tools market is segmented into concrete, wood/metal, brick/block, glass and others.
- Based on end-user, the woodworking power tools market is segmented into industrial/professional and residential.
- The woodworking power tools market is also segmented on the basis of sales channel into indirect sales and direct sales.
Woodworking Power Tools Market Scope Country Level Analysis
woodworking power tools market is analysed and market size, volume information is provided by country, type, mode of operation, material, end-user and sales channel as referenced above.
The countries covered in the woodworking power tools market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the woodworking power tools market due to increase in the growth of infrastructure projects and rapid increase in wind turbines in this region.
The country section of the woodworking power tools market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Woodworking Power Tools Market Share Analysis
woodworking power tools market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to woodworking power tools market.
The major players covered in woodworking power tools market report are 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, INTERSKOL, Ferm International B.V., 3M, Delta Power Equipment Corporation and C. & E. Fein GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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