The latest research report by Emergen Research, named ‘Global Power Tools Market - Forecast to 2030’, entails a comprehensive review of the global Power Tools Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
The size of the worldwide power tool market was USD 25.79 billion in 2021 and is anticipated to grow at a revenue CAGR of 4.5% during the projected period. Rising demand for cordless power tools and expanding construction and manufacturing sectors, particularly in developing nations, are some of the major market growth drivers. The market is expanding quickly thanks to the increasing use of several kinds of cordless power tools, including hammer drills, saws, impact wrenches, staplers, and nailers. The demand for cordless power tools is rising in response to the growing requirement for instruments that are more versatile, adaptable, and small.
Power tool battery packs that previously used Nickel Cadmium (Ni-Cd) and Nickel Metal Hydride (Ni-MH) are now lithium batteries. Additionally, due to the quick development of battery technology, an increase in the use of high density battery packs in cordless power tools has allowed for longer runtime between recharges. Makita U.S.A., Inc., a leading provider of high-quality professional tools and accessories, added 18V LXT 1/3 Sheet Finishing Sanders to its line of cordless woodworking solutions on April 13, 2022. (model XOB03). The sander is made to have the same power and performance as a corded version, but without the cord. It is also driven by an effective brushless motor, giving the user a practical wood finishing option.
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The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Power Tools market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Companies profiled in the global Power Tools market:
Apex Tool Group, LLC., Emerson Electric Co., Ingersoll Rand, Atlas Copco, Robert Bosch GmbH, Stanley Black Decker, Inc., Techtronic Industries Co. Ltd., Hilti Group, Makita Corporation, and Koki Holdings Co., Ltd
Global Power Tools Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
RD Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Segments Covered in this report are:
Mode of Operation Outlook (Revenue, USD Billion; 2019-2030)
- Electric
- Cordless
- Corded
- Pneumatic
- Others
- Electric
Product Outlook (Revenue, USD Billion; 2019-2030)
- Wrenches
- Grinders
- Drills
- Saws
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Industrial
- Residential
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales distribution channels
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Regional Outlook of Power Tools Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Research Report on the Power Tools Market Addresses the Following Key Questions:
Who are the dominant players of the Power Tools market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Power Tools market?
What are the key growth drivers and restraining factors of the Power Tools market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Power Tools market and its key segments?
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