Press release
Drilling And Fastening tools segment set to dominate and held the largest size of the power tools market throughout the period 2019-2025- Atlas Copco, Apex Tool Group, Robert Bosch, Hilti
Power tools are mostly used for polishing, grinding and cutting metals, they are available in operating modes such as electric motor, petrol engine or compressed air for distinctive applications.
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Screwdrivers, Sanders and Grinders, marble cutters, Drills, Oscillating & rotary tools, Saws, Cordless power tools, Woodworking tools and others belong to the extensive range of power tools.
The scope of OG Analysis report is to present Power Tools Market based on segmentation by Electric, Pneumatic and Other Modes, by Drilling & Fastening, Sawing, Demolition and Material Removal Tool Types, by Industrial -Construction, Automotive, Aerospace, Energy and DIY Applications and region wise.
• North America
• Europe
• Asia-Pacific
• South and Central America
• ROW
Power Tools Market size, price & production:
The Qualitative and Quantitative Power Tools Market value is estimated to report a year-on-year increase of 5.16 % during 2019 over 2018. The demand for increased production of Power Tools is mainly contributed by developing countries as a result of population thickening.
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Power Tools Market analysis & demand:
The ongoing urbanization and growing real estate business in developing regions of Asia-Pacific and Africa resulted in an increased number of construction projects both by corporate and government. These growing construction activities majorly contribute to the expansion of Power tools Market.
Moreover, the escalating hi-tech building and construction sectors, renovations and defined and customized architecture works for projects such as building smart offices, renovations of restaurants, cafe, designer studios, branded outlets and many others also tend to drive the Power Tools Market.
The trending application of DIY projects and Ideas such as Kitchen and Bathroom Projects, outdoor living ideas, Flooring and Tile ideas, storage and decor projects and other remodelling activities own a major market share of Power Tools Market, led by North America and Europe.
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Power Tools Market Key players:
• Atlas Copco
• Apex Tool Group
• Robert Bosch
• Hilti
• Makita
• Ingersoll-Rand
• Stanley Black & Decker
• Techtronic Industries (TTI)
• Hitachi Koki
• Snap-on
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