Power Tools Market Sales Outlook; Up-to-date Development Data and Market Trends Forecast from 2020-2025

The Global Power Tools Market was valued at USD 25.98 billion in 2016 and is projected to reach USD 39.55 billion by 2025, growing at a CAGR of 4.78% from 2017 to 2025.

A power tool is a tool that is actuated by an additional power source and mechanism other than the manual labor used with hand tools and most common power tool uses an electric motors. The tools are used for construction and several DIY jobs such as production, assembly, packaging, and maintenance. Power tools provide several advantages that includes – they are capable of offering high levels of torque, provide precision, power and smoothness to the process.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report: 

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Increasing focus on manufacturing smart power tools with wireless connectivity
1.2 Rising opportunities for assembly power tool providers
1.3 Growing adoption of high-density lithium-ion batteries for cordless power tools
1.4 Rising sales of commercial vehicles
1.5 Rapidly growing construction industry
2. Market Restraints
2.1 Manufacturing lightweight and ergonomic power tools
2.2 Increasing maintenance cost
2.3 Stringent trade policies and safety regulations

Market Segmentation:
The Global Power Tools Market is segmented on the end user, mode of operation, tool type, and region.

1. End User:
1.1 Household
1.2 Industrial
1.2.1 Energy
1.2.2 Shipbuilding
1.2.3 Aerospace
1.2.4 Construction
1.2.5 Automotive
1.2.6 Others

2. By Mode of Operation:
2.1 Electric
2.2 Pneumatic
2.3 Hydraulic
2.4 Power-actuated

3. By Tool Type:
3.1 Material Removal Tools
3.2 Drilling and Fastening Tools
3.3 Demolition Tools
3.4 Routing Tools
3.5 Sawing and Cutting Tools
3.6 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Robert Bosch
2. Emerson Electric
3. Stanley Black & Decker
4. Makita
5. Atlas Copco
6. Aimco Global
7. Ingersoll-Rand
8. TTS Tooltechnic Systems (Festool)
9. Techtronic Industries (TTI)
10. Panasonic
11. Hilti
12. Chevron Group
13. Apex Tool Group
14. Kyocera
15. Hitachi Koki
16. Snap-On

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Request For Full Report: https://www.kennethresearch.com/sample-request-10059680

Research study on the Global Power Tools Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other 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 of verified market research and other aspects of the research study, kindly get in touch with our sales team

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research

Email:  Sales@kennethresearch.com

Phone: +1 313 462 0609

Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

Leave a Reply