Power Tools Market Pegged to Expand Robustly During 2018-2023

Power Tools Market 2018

Power Tools Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Power Tools Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Global Power Tools Market by Type (Engine driven power tools, Electric power tools, Pneumatic power tools, Hydraulic power tools and others), Application (Household, Industrial, and Professional) & by Region - Global Forecast to 2023

Key Players:Robert Bosch Tool Corporation (Germany), Stanley Black & Decker, Inc. (U.S.), Makita Corporation (U.S.),  Hilti Corporation (Liechtenstein), Husqvarna (Sweden), Techtronic Industries Co. Ltd (Hong Kong), Snap-on (U.S.), Hitachi Koki Co. Ltd. (Japan), Festool (Germany), and Otto Baier GmbH (Germany) are some of the leading players operating in this market.

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The global power tools market is expected to grow at the CAGR of around 5.17% during the period 2017 to 2023.

Power Tool Global Market – Segmentation

The scope of global power tool market is segmented into three major segments which are explained below:

By Type

Engine-driven Power Tools

Electric Power Tools

Pneumatic Power Tools

Hydraulic Power Tools

Others

By Application

Industrial

Professional

Household

Industry News

In March, 2017 - Stanley Black & Decker completed its acquisition with Newell Brands tools business to expand the product portfolio.  This acquisition is will expand the presence of company in the global tools market. Moreover, the addition of Irwin, Lenox and Hilmor brands will enhance the company’s product portfolio. As a result, this will make a positive impact on the power tool industry to expand the market growth in the untapped regions.

In March, 2017 – Bosch Power Tools India announced to offer a complete range of power tools for construction, metalwork and woodwork industry. This new plant will produce millionth power tool from its Chennai facility which manufacture products such as angle grinders, rotary hammers, marble cutters, impact and rotary drills, air blowers including motors for all the tools. This expansion will result in expanding the market share of Bosch Power Tools in Indian market.

Market Synopsis of Global Power Tools:

Power tools are various types of tools and mechanical devices that operate when they are initiated by an additional power source and mechanism and not the manual labor used with hand tools. This could generally be electric motors, compressed or internal combustion engines.

The growth of global power tools market can be majorly attributed to increasing demand from industrial sector and rising demand from professional segment. Also, increasing usage of power tools for DIY & household activities is also expected to boost the market growth. However, factors such as fluctuation in raw material prices is the major restraint that could hinder the market growth.

Target Audience:

• Manufactures
• Raw Materials Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

Product Analysis:

• Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information:

• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators

Geographic Analysis:

• Geographical analysis across 15 countries

Company Information:

• Profiling of 10 key  market players
• In-depth analysis including SWOT analysis, and strategy  information of related to report title
• Competitive landscape including emerging trends adopted by major companies

The report for Global Power 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 and volume, 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.

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