Cutting Tools Market 2018
This report provides in depth study of “Cutting Tools Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Licorice Candy Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
This report has a complete understanding of market value and quantity, technological progress, macro-economic and governmental policy based on past and present data along with the current and upcoming trends in the market.
This report provides valuable information for companies like manufacturers, suppliers, distributors, traders, customers, investors and individuals who have interests in this industry.
Global Cutting Tools Market Information Report by Product Type (Hand Cutting Tools and Power Cutting Tools), by Application (Industrial, Construction, Household and Others) and By Region - Global Forecast To 2022
Cutting Tools Market is expected to grow at a CAGR of 6.9% during the forecast period.
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The prominent players in the cutting tools market include Makita Power Tools India Pvt. Ltd. (India), Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (U.S.), J.C. Bamford Excavators Limited (U.K.), ICS Cutting Tools, Inc. (U.S.), Hitachi Koki Co., Ltd. (Japan), Klein Tools, Inc. (U.S.), Snap on (U.S.), OTTO BAIER GmbH (Germany) and Hilti Corporation (Liechtenstein).
Market Scenario
The market for cutting tools has been segmented based on product type, application and region. On the basis of product type, the market is segmented as hand cutting tools and power cutting tools. The power cutting tools segment dominates all the product types of the market. Growing demand from industries and the increasing use of power tools for DIY & household activities, drive the demand of the power tools. On the basis of application, the market is segmented as Industrial, Construction, Household and Others. Industrial sector dominates the application segment of the market. Growing demand from industrial sector drives the demand of the market. The increase in demand for automation and rapid industrialization, foster the use of power cutting tools.
On the basis of region, global cutting tools market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). North America dominates the global cutting tools market. Factors such as high labor cost and growth in the distribution channel, are expected to drive the growth of the market in North America region. The Asia-Pacific region is expected to be the fastest growing region for the cutting tools. Continuously growing automotive, and manufacturing sector in countries such as China and India are driving the growth of the market in the region.
The report for Global Cutting Tools Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Cutting Tools market are that of new product development.
In March 2017, Stanley Black & Decker, Inc. completes acquisition of Newell Brands tools business to expand the product portfolio.
On April 2017, Hilti Corporation announced new 22 V tool line.
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