Middle East Power Tools Market (2018-2024)-6Wresearch
Middle East power tools market witnessed a steady growth during 2014-17 led by buoyant construction activities primarily in UAE and expansion of manufacturing and industrial sectors. Oil crisis led to slowdown in the construction activities across several key markets across Middle East region primarily Saudi Arabia. Additionally, Turkey which is one of key contributors to the power tools market in the Middle East had witnessed political and economic instabilities.
According to 6Wresearch, Middle East Power Tools market is projected to grow at a CAGR of 9.0% during 2018-24. With stabilization of oil prices, government spending is expected to firm up and construction market is likely to regain momentum. Additionally, major global events such as World Expo 2020 in Dubai and Qatar World Cup 2020 are expected to stimulate the growth in the region leading to increased demand for power tools. Additionally, rapid expansion of manufacturing and automotive sectors would further fuel the growth of power tool market.
Download Sample Pages @ https://www.6wresearch.com/press-releases/middle-east-power-tools-market-revenues-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile-insights.html
According to Ravi Bhandari, Research Manager, Research and Consulting, 6Wresearch, “Electric power tools segment recorded a healthy growth and remained the key contributor in the power tools market in 2017. This was primarily due to strong demand for cordless power tools and high adoption rates in construction vertical.”
“During the forecast period, pneumatic power tool segment which currently occupies a low share of the power tool market is expected to register a healthy growth, driven by expansion of manufacturing and automotive hubs across the region, “Ravi further added.
According to Rishi Malhotra, Senior Research Analyst, Research and Consulting 6Wresearch, “Amongst all the verticals, construction vertical seized the largest slice of Middle East power tool market. Though, the vertical suffered a setback owing to slump in oil prices and sharp spending cuts, however, it still managed to secure the top spot amongst the other verticals.”
“During the forecast period, ambitious infrastructure projects in Turkey, UAE and Qatar would possibly keep construction vertical a key contributing region for power tools market vendors. However, verticals such as manufacturing and automotive are expected to expand at a faster pace as compared to construction vertical offering significant opportunities for power tool market vendors, ” Rishi concluded.
Some of the key players in Middle East Power Tools market includes- Black and Decker GMBH, Hilti Middle East FZE, Hitachi Sales Middle East FZE, Makita Gulf FZE, Robert Bosch Middle East, and Techtronic Industries FZCO.
“Middle East power Tools Market (2018-2024)” provides an in-depth analysis with 255 figures and 25 tables covered in more than 290 pages. The report estimates and forecast the overall Middle East power Tools market by technology types, verticals, tools types and countries. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
For Detailed Report Description & Sample Pages Visit : https://www.6wresearch.com/market-reports/middle-east-power-tools-market-2018-2024-forecast-by-types-verticals-turkey-iran-saudi-arabia-uae-qatar-oman-bahrain-kuwait-competitive-landscape.html
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Website : http://www.6wresearch.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Middle East Power Tools Market (2018-2024)-6Wresearch here
News-ID: 1185567 • Views: 265
More Releases from 6Wresearch- Market Intelligence Solutions
India Agriculture Equipment Market (2019-2025)
Market Forecast By Products (Tractors ( Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up To 30 HP & 30.1 HP- 70 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above
Commercial Application To Drive The Growth Of UPS Systems In Vietnam - 6Wresearc …
UPS systems are witnessing mounting adoption by different end-user applications ranging from residential households, small commercial offices to large industrial enterprises. Moreover, factors such as inflow of FDI in industrial and manufacturing segments, growing power demand and increasing infrastructure projects in Vietnam have further fueled the demand for UPS systems in the country. According to 6Wresearch, Vietnam UPS Systems Market Revenues are projected to grow at a CAGR of 4.7% during
India Building Automation and Control Market (2017-23)
Market Forecast by Types (HVAC (Thermostat Controller, Zone & Climate Control, Temperature Sensor and Others), Lighting & Control System (Relay System & Controllable Breaker, Sensors & Dimming Systems and Others), Safety & Security System (Video Surveillance Systems, Access Control Systems, Intrusion Detection Systems and Fire & Safety Equipment) and Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others), Regions (Northern, Eastern, Western and Southern) and
India Dishwasher Market (2018-2024)
Market Forecast By Type (Free-Standing and Built-in), By Applications (Residential and Commercial), By Distribution Channels (Multi Branded Stores, Exclusive Stores and Others), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape. India dishwasher market is exhibiting a steady growth within the country. Currently, the market is categorized as a niche segment, however, with growing product awareness amongst consumers, the market is anticipated to gain acceleration over the coming years. Increasing
More Releases for Middle
Middle East Railway Sector Middle East Railway Sales Report
For Report Sample Contact: email@example.com or +91-11-47067990 Report Table of Contents Middle East Outlook 1.1 Countries Overview 1.2 Middle East Economy 1.3 Transportation in Middle East Middle East Rail Transport Outlook 2.1 Overall Status of Rail Transport in Middle East 2.2 Trends in Railway Infrastructure Development in Middle East Saudi Arabia 3.1 Existing Railway Infrastructure 3.2 Proposed/Planned Railway Infrastructure 3.3 Regulatory Framework 3.4
Middle Ear Implants Market
Middle Ear Implants Market Overview Middle implant ear is a small device inserted into the middle ear and coupled to ossicles. Middle ear implants are devices designed for those who suffer mild- moderate mix or sensorineural hearing loss and conductive hearing loss. Middle ear implant is an advanced technology for the conventional use of hearing aid. A middle ear implant is recommended for people suffering from earmould allergies, skin problems, ear
Strong impulses in Middle-East
at-visions ONEvision Hotel TV solution is set to make big impact in Middle East. at-visions ONEvision Hotel TV solution is set to make big impact in Middle East. Parallel to establishing a strategic partnership with Omnix, the leading AV system integrator in Middle East, at-visions presented its approach of Hotel TV to qualified prospective buyers. "We were able to discuss our solution in detail with experienced senior-level management representatives from quite
Middle Classes Dominate Brazilian Investments
The changing face of the Brazilian middle class brings new challenges to domestic and foreign investment in Brazil. Once content with cheap promotions, the middle class is now more discerning and looking for quality. This search for better products affects consumer goods across the board. From laptops to real estate, Brazilian middle class (known as Class C) is going for quality over price. Until now, they were content with cheap offers,
Investment in Brazil's Middle Classes
After eight years under Lula, Brazil now has a new president. Like her predecessor, newly-elected President Dilma has pledged to continue investment in Brazil’s new middle classes. Under this investment, Brazil has experienced spectacular economic and social growth. A glance at statistics in key areas since 2002 shows impressive increases in both Brazilian wealth and social status. Although there is still plenty to do to fulfil Dilma’s pledge to end
Middle Managers Business Software Perception
The purpose of "inlevel 2011 Report: Middle Management as Business Software Influencer's" based on survey conducted between American middle managers was to check their approach to business software. Do they have influence on software they use? What they need? Do business software vendors pay enough attention to them? Middle managers are not typical decision makers within enterprise. However, 42% of them actively act during enterprise software selection process. They want to