According to a recent report published by Market Research Future, the Power Tools Market is projected to be worth USD 37 Billion by 2027, registering a CAGR of 5% during the forecast period (2022-2030), The market was valued at USD 30.56 billion in 2020.
Power Tools Market Overview
The automotive sector is the key end-users of the power tools market. The declining demand rate in the automotive market is severely affecting the market.
The report published covers all the aspects of the Power Tools industry, starting from the industry’s benchmarks, segments in which the industry operates, regional analysis and study of the competitors in the said industry domain
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Key Players
- Robert borsch Gmbh
- ANDREAS STIHL AG &co
- Stanley, Black & Decker. Inc
- CHEVRON
- Hilti Corporation
- Enerpac tool group
- Atlas Copco ltd
- HiKoki ltd
- Makita Corporation
- Emerson electric and co.
What drives the global POWER TOOLS Market?
The global Power Tools market report covers the Power Tools industry’s driving elements that are taking the market forward and making it earn huge revenues through various channels.
The growth drivers are classified according to their nature; sometimes, the rules and regulations are driving elements for the market, and sometimes things like awareness and demand drive the market.
The Power Tools report also covers the opportunities that are emerging in this market segment, which will help the professionals and newcomers in the industry grow their business globally with equal opportunities.
Power Tools Market Segments
By tools type
- Screwdrivers and nut runners
- Drills
- Tools
- Impact drivers
- Impact wrenches
- Demolition tools
- Rotary hammer
- Sawing cutting tools
- Band saw
- Circulatory saw
- Reciprocator saw
- Sheer and nibblers
- Removal tools
- Grinders
- Routing tools
- Planers
- Routers
By mode of operation
- Cordless
- Corded
- Pneumatic
- Hydraulic
- Power actuated
By application
- Automotive
- Shipbuilding
- Energy
- Aerospace
- Residential
- House projects/DIY
Regional analysis of the Global Power Tools market –
The global Power Tools market report published by Market Research Future covers a detailed analysis of key regions, which are North America, Europe, Asia-Pacific, Middle East & Africa.
The report studies the Power Tools industry in all these prominent regions and states which one is the leading market grosser amongst them and considering the POWER TOOLS market, the (region) has a sheer dominance over other regions.
With all these things discussed in detail, the research report published covers almost every detail about the Power Tools industry on a global note and studies every aspect of the global POWER TOOLS market in detail.
What are the market factors that are covered in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the Power Tools market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The Power Tools Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
The research includes historic data from 2017 to 2021 and forecasts until 2030 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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About Market Research Future®
Market Research Future is one of the leading market research companies in India that has a reputation for publishing top-notch reports on various market segments globally.
(Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.
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