Benelux Power Tool Market With Top Companies Stanley Black and Decker, SKF, Hitachi Koki, Snap-On, Robert Bosch, Actuant

A power tool is that is operated by an additional power source and mechanism that is used for performing mechanical operations. Power tools are segmented as pneumatic, electric, and hydraulic, of which electric tools are most commonly used. Power tools are used for performing variety of applications namely such as drilling, gardening, construction, household tasks, cutting, shaping, grinding, sanding, polishing, heating, beating, and more. Electric power tools are actuated by electricity and are either battery-powered or corded. Cordless drill, hammer drill, band saw, rotatory hammer, table saw, heat gun, jigsaw, miter saw, dust extractors, etc. are some of the common electric power tools in different operations.

The main key players in the industry are-
Stanley Black and Decker, SKF, Atlas Copco, Hitachi Koki Co. Ltd., Snap-On Incorporated, Robert Bosch GmbH, Actuant Corporation, Techtronic Industries Co. Ltd., Makita Corporation, and Danaher Corporation, Metabowerke GmbH, FERM B.V., VIKING GmbH, and Einhell Germany AG.

What does all the regional segmentation cover? Can the country of specific interest be added?
Currently, the research report pays particular attention to the following regions:
North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Russia, Spain, etc.), South America (Brazil, Argentina, etc.) and Middle East and Africa (Saudi Arabia, South Africa, etc.)

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Market Dynamics- Restraints

Intense pricing competition among manufacturers is expected to hinder the Benelux power tool market growth over the forecast period
Constant competition among power tools manufacturers is restricting growth of power tools market up to a large extent. Declining prices of imported steel are expected to reduce the overall imports and significant growth in number of unfair trade complaints filed is expected to hamper the market growth over the forecast period. Furthermore, increasing prices of nickel cadmium and mercury battery substitutes has hindered the sales of cordless power tools, which in turn, is expected to restrain the market growth in the near future.

Strict regulatory policies regarding safety are expected to restrain the Benelux power tool market growth during the forecast period
Accidents and mishaps related to power tools are quite common in manufacturing and other industries. Thus, governments across various countries are implementing stringent safety regulatory policies that need to be practiced by both tool manufacturers and users. For instance, 'Provision and Use of Work Equipment Regulations 1998' is aimed at employers, duty holders, and anyone responsible for safe use of work equipment, such as managers and supervisors. Thus, such stringent regulations are expected to hamper the market growth in the near future.

Market Opportunities

Geographical orientation of Luxembourg is expected to offer lucrative business opportunities
Luxembourg is located in the center of Europe where it acts as a significant gateway to European market such as France, Germany, Belgium, and more. Such unique geographical orientation and favorable tax and regulatory framework are expected to offer significant business opportunities for market players in the near future. Moreover, rapid growth of the economy is expected to boost private investments in numerous sectors such as infrastructure and construction are expected to offer lucrative growth opportunities for market players. For instance, according to Coherent Market Insight' analysis Luxembourg's GDP is expected to increase at robust rate of 3% by the end of 2016.

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