Portable Tools Market Size, Growth Strategy With Akar Tools Ltd.,Apex Tools Group,Atlas Copco AB,Channellock, Inc.,Danaher Corporation,Emerson Electric Co. (RIDGID)

Construction activities to open new opportunity doors for power tools and personal protective equipment

City planners and real estate agents have been raising substantial demand for landscaping in commercial as well as residential areas, as the number of dwellers has increased drastically in the past decade. With increasing activities in construction and real estate industries, portable tools are expected to gain high traction in upcoming years. With a growing number of consumers ready to pay more for a space with more gardening area, the demand for landscaping is rising in order to provide an aesthetic appeal to residential and commercial properties.

Persistence Market Research’s recently published report on the global market for portable tools (2018-2026) discusses various types of tools, including hand tools, garage tools, power tools, lighting tools, and personal protective equipment.

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Among all portable tool type segments, according to the report, personal protective equipment (PPE) segment will maintain a significant edge over other categories in terms of revenue generation. The PPE segment is foreseen to reach a value of over US$ 45,600 Mn by the end of 2026, growing at a CAGR of 5.2%. The forecast makes it a dominant segment in the market, whereas power tools is also identified to be a key segment.

Bolstering housing investments to provide massive scope for portable tools market to grow

Major urbanization and infrastructural growth is being predominantly observed in some of the top countries from developing economies, including India and China. These regions are anticipated to create highly attractive markets for portable tools in the coming years. Sales in Japan grew with the gradual recovery of investments in the housing sector and the demand for restoration following the Great East Japan Earthquake. Also, a large chunk of population usually migrates from rural to urban areas in an effort to achieve better lifestyle and acquire high-quality economic services including education, healthcare, and work opportunities among others. These urban areas require high maintenance and updated infrastructure, resulting in generating high demand for portable tools. Government support and increased outsourcing of manufacturing endeavors in developed regions will continue to propel industrialization in emerging countries, which is further anticipated to boost growth of regional markets over 2018-2026.

Increased automation may cause a major setback to the demand for portable tools in the global market

Various industries are increasing the use of the automation technology and thereby, lowering the need for manual control i.e. human labor, which is primarily attributed to the advantages of automation - reduced labor costs, mitigation for effects of labor shortage, reduced manufacturing lead time, and improved product quality. Governments in emerging countries such as China, India, South Africa, and Brazil, are progressively injecting funds for automating processes in the manufacturing sector. Increased adoption of industrial automation in these regions is mainly due to gradual rise in labor wages. However, inclination of manufacturers on cost-cutting for a competitive edge will decrease the labor workforce, which in turn will hamper the adoption of PPE during the next few years. It is expected to have the greatest impact on global portable tools market and all the products involved in it.

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On the other hand, the market also has to face the fluctuation in prices of raw materials used for tools, especially gardening tools. The rise in the cost of raw materials used for gardening tools directly affects operational costs of the manufacturing process, which is a primary concern among manufacturers. It ultimately destabilizes the supply chain and product selling price. The market is foreseen to be predominantly influenced by this factor during the forecast period.

Global Portable Tools Market: Manufacturing industry to emerge most lucrative end use segment

The coming years are expected to witness industrial segment as the leading end user of portable tools. The growth is majorly contributed by high demand from manufacturing industry which is expected to grow at a moderate CAGR of 4.7% during the forecast period. The report has also revealed that Europe will hold a high market value for portable tools, whereas China will be a dominant region in the global market with an estimated CAGR of 5.5% during the forecast period. Strong construction activities across the U.S., China, and India will contribute significantly to the portable tools market growth. The volume of construction output is pegged to grow by more than 70% worldwide by 2026. The report anticipates major growth to be concentrated in China, India, and the U.S.

Global Portable Tools Market: Leading players in the market

According to the key findings of the research on competitive landscape of global portable tools market, many companies are looking up to the opportunities arising in market. There is a huge scope for such players with increase in use of portable tools in both commercial as well as industrial sectors. Some of the prominent market players are profiled in the report, including companies such as Emerson Electric Co. (RIDGID), Fiskars Group, General Tools & Instruments LLC, Makita Corporation, JK Files (India) Limited, Kennametal Inc., Klein Tools, Robert Bosch GmbH, Q.E.P. Co., Inc., Snap-On Inc., Stanley Black & Decker, Inc., Techtronic Industries Company Limited, and Wera Toolsetc.

Portable Tools Market : TOC

1 Executive Summary
1.1 Market Overview
1.2 Market Analysis
1.3 PMR Analysis and Recommendations
1.4 Wheel of Fortune

2 Market Introduction
2.1 Market Taxonomy
2.2 Market Definition

3 Market Viewpoint
3.1 Macro-Economic Factors
3.1.1 GDP Forecast By Region
3.1.2 Population Statistics
3.2 Macro-economic Factors VS. Portable Tools Market Performance
3.3 Global Portable Tools Market: Industry Benchmarking

4 Global Portable Tools Market Analysis 2013–2017 and Forecast 2018–2026
4.1 Market Volume Projections
4.2 Pricing Analysis By Region
4.2.1 Power Tools
4.2.2 Hand Tools
4.2.3 Garage Tools
4.2.4 Lighting Tools
4.2.5 Personal Protective Equipment
4.3 Market Size Projections
4.3.1 Y-o-Y Projections
4.3.2 Absolute $ Opportunity Analysis

5 Forecast Factors: Relevance and Impact

6 Market Dynamics
6.1 Drivers
6.2 Restraints
6.3 Value Chain Analysis

7 Global Portable Tools Market Analysis 2013–2017 and Forecast 2018–2026, By Category
7.1 Introduction
7.2 Key Findings & Trends
7.3 Historical Market Size (US$ Mn) and Volume Analysis By Category (2013-2017)
7.4 Market Size (US$ Mn) and Volume Forecast By Category (2018-2026)
7.4.1 Hand Tools
7.4.1.1 General Purpose
7.4.1.1.1 Screw Drivers
7.4.1.1.2 Hammer
7.4.1.1.3 Pliers
7.4.1.1.4 Wrenches
7.4.1.2 Fastening Tools
7.4.1.2.1 Glue Gun
7.4.1.2.2 Staplers & Tackers
7.4.1.2.3 Riveters
7.4.1.3 Measurement
7.4.1.3.1 Levels
7.4.1.3.2 Tape Measure
7.4.1.4 Cutting Tools
7.4.1.4.1 Wire Strippers & Cutters
7.4.1.4.2 Crimp Tools & Snips
7.4.1.4.3 Knives
7.4.1.4.3.1 Retractable
7.4.1.4.3.2 Lock-Back
7.4.1.4.3.3 Fixed
7.4.1.4.4 Files & Rasps
7.4.1.4.5 Hand Saws
7.4.1.5 Clamps & Vises
7.4.2 Garage Tools
7.4.2.1 Seat & Stool
7.4.2.2 Jacks
7.4.2.3 Engine Stand
7.4.3 Power Tools
7.4.3.1 Cordless
7.4.3.1.1 Drills
7.4.3.1.2 Sanders
7.4.3.1.3 Saws
7.4.3.1.4 Impact Drivers
7.4.3.1.5 Impact Wrenches
7.4.3.1.6 Hammers
7.4.3.1.7 Air Ratchets
7.4.3.2 Corded
7.4.3.2.1 Drills
7.4.3.2.2 Sanders
7.4.3.2.3 Saws
7.4.3.2.4 Impact Drivers
7.4.3.2.5 Impact Wrenches
7.4.3.2.6 Hammers
7.4.3.2.7 Dust Extractors
7.4.4 Lighting Tools
7.4.4.1 Flashlights
7.4.4.2 Spotlights & Lanterns
7.4.4.3 Head Lamps
7.4.4.4 Work lights
7.4.5 Personal Protective Equipment
7.4.5.1 Body Protection
7.4.5.2 Eye and Face Protection
7.4.5.3 Foot and Leg Protection
7.4.5.4 Hand and Arm Protection
7.4.5.5 Protective Helmets
7.4.5.6 Earplugs & Earmuffs
7.5 Market Attractiveness Analysis By Category

8 Global Market Analysis 2013–2017 and Forecast 2018–2026 By End Use
8.1 Introduction / Key Findings
8.2 Key Findings & Trends
8.3 Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2012 - 2016
8.4 Current Market Size (US$ Mn) and Volume Forecast By End Use, 2017 - 2025
8.4.1 Industrial
8.4.1.1 Manufacturing Industry
8.4.1.2 Construction Industry
8.4.2 Commercial
8.4.3 Household & DIY
8.5 Market Attractiveness Analysis By End Use

9 Global Market Analysis 2013–2017 and Forecast 2018–2026 By Sales Channel
9.1 Introduction / Key Findings
9.2 Key Findings & Trends
9.3 Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2012 - 2016
9.4 Current Market Size (US$ Mn) and Volume Forecast By Sales Channel, 2017 - 2025
9.4.1 Distributor Sales
9.4.2 Retail Outlets
9.4.3 Online
9.5 Market Attractiveness Analysis By Sales Channel

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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