Press release
Fastening Power Tools Market to Hold a High Potential for Growth by 2025
Geographically, Europe is the leading market capturing more than XX of the overall market share in revenue terms towards 2018 end and is likely to continue to remain so all through the assessment period due to growing awareness amid end users as well as strict worker safety regulations. The SEA market will be witnessing remarkable expansion in value terms in the worldwide market, demonstrating an XX CAGR over 2025 because of expansion in India and ASEAN nations.
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The fastening power tools are expansively applicable in construction, industrial, household & DIY, woodworking & framing and others. There are several product types accessible in the global market such as corrugated fasteners, rebar tier, screw system, nailer machine, stapler and hog ring tool. Among these, the corrugated fasteners are projected to expand at a notable growth pace in value terms in the said period. The screw system category will remain dominant in volume terms in the market globally for the duration of the forecast. The rebar tier machine category will be accounting for XX of the worldwide market to account for US$ XX Million through 2018 end.
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In terms of the technology, the overall market includes corded, electric, NiMH cordless, NiCd cordless, pneumatic and Li-on cordless. Among these, the electric category will be dominating the market with close to XX towards 2018 end and anticipated to continue to do so by 2028. Based on the mode of sales, the overall market is segmented into online, distributors and retailers. Both in terms of volume & value distributors category is projected to lead the overall market with a XX of value share through the end of 2018.
The top companies manufacturing in the worldwide market are AIMCO, Sumake Industrial Co., Ltd., MAX Co., Ltd., SENCO, Techtronic Industries Co. Ltd., Wacker Neuson SE, Xindalu Electronic Technology Co., Ltd., Hilti Corporation, DEWALT, C. & E. Fein GmbH, Hitachi Koki Co., Ltd., Makita Corporation and Others.
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