openPR Logo
Press release

Electric Power Tools Market Huge Growth Opportunity between 2019-2026 With Leading Players Apex Tool Group, Atlas Copco AB, Hilti Corporation

03-25-2020 02:25 PM CET | Energy & Environment

Press release from: Allied Analytics LLP

Electric power tools

Electric power tools

Global Electric Power Tools Market size is expected to reach $37,144.5 billion in 2026, from $22,292.5 million in 2018, growing at a CAGR of 6.7% from 2019 to 2026. In 2018, North America dominated the market, in terms of revenue, accounting for over 35.53% share of the global electric power tools market.

Electric power tools have revolutionized the construction, automotive, and other industries, by saving the time and effort required for simple operations including screwdriving to complicated operations such as sawing and breaking. The constant upgradations in these electric power tools also assist in boosting their demand. In addition, the ease of use provided by electric power tools has made them popular even for non-professional users mainly in household operations. The small sizes and easy availability of power tools promote their adoption even in normal day-to-day applications such as drilling, cutting, and others, which in turn drives the market growth. To compensate this growing demand, major players in the electric power tools industry are focusing toward launching various cordless power tool products every year. For instance, Techtronic Industries Co., Ltd. based in China, through its brand Milwaukee, offers around 90 different professional cordless power tools. Such initiatives are driving the cordless electric power tools' consumption; thereby, driving the growth of the overall electric power tools market.

Download Sample PDF (267 Pages with insights) @ https://www.alliedmarketresearch.com/request-sample/6255

North America accounted for the highest revenue in 2018 compared to other regions due to increased adoption from construction end users. In Europe and Asia-Pacific, the growth in aerospace industry and increased adoption for DIY applications is anticipated to boost the growth of electric power tools market in the near future.

Although the electric power tools provide more productivity and efficient operations, the technologies employed during manufacturing lead to bolster in their initial prices. The pneumatic power tools have been in the market for a long time, and have gained popularity in terms of their performance as well as lower prices. This clearly shows the price difference between pneumatic tool and electric tool, which hinders the adoption of electric power tools; thereby, restraining the electric power tools market trends. However, the penetration of automation technologies has made it possible to track the tool productivities from remote platforms such as mobile application platforms, computer software, and others. The automation technologies include inventory management solutions to conserve time and monetary expenses caused by mismanagement of tools and tool operations. Such technologies are likely to improve the operations of electric power tools; thereby, creating opportunities for the upsurge in the electric power tools market growth during the forecast period.

For Purchase Enquiry@ https://www.alliedmarketresearch.com/electric-power-tools-market/purchase-options

The global electric power tools market is segmented on the basis of product type, end-user industry, and region. By product type, the market is divided into corded and cordless electric power tools. By end-user industry, the market is classified into construction, automotive, aerospace, and others. The others segment includes energy and DIY end-users.

The global electric power tools market is analyzed across four geographical regions that include North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Russia, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Findings of the Study:
o By product type, the cordless segment dominated the global electric power tools market share in 2018, in terms of revenue.
o By end-user industry, the construction segment is expected to be the largest consumer of electric power tools globally.
o By region, North America is projected to be one of the most dominant regions and is expected to witness a high growth rate during the forecast period.

The major players operating in the electric power tools industry include Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll Rand Inc., Koki Holding, Co., Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc., Snap-on Incorporated, and Techtronic Industries Co., Ltd.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Electric Power Tools Market Huge Growth Opportunity between 2019-2026 With Leading Players Apex Tool Group, Atlas Copco AB, Hilti Corporation here

News-ID: 1984115 • Views: 98

More Releases from Allied Analytics LLP

Real Estate Market is Set to Garner Staggering Revenue by 2019 - 2026 | American …
Global real estate market is projected to reach $8.6 billion by 2026, growing at a CAGR of 2.8% from 2019 to 2026. In 2018, by property, the land segment accrued the largest share in the real estate market. The land-related transactions have grown, owing to growth in the commercial, industrial, and residential projects around the globe. Moreover, many real estate investment firms are focusing on purchasing farm-related properties and agricultural
At 7.5% CAGR Industrial Lasers Systems Market Anticipated to Grow $36.5 billion …
Global Industrial Lasers Systems Market size was valued at $20.1 billion in 2018, and is projected to reach $36.5 billion by 2026, registering a CAGR of 7.5% from 2019 to 2026. By type, the macro processing segment accrued the largest share in the industrial lasers systems market in 2018. Growth in demand for lasers in industrial applications such as additive manufacturing, marking, cutting, and welding fuels the demand for lasers
Hydraulic Tools Market Emerging Trends and Dynamics By 2026 | Atlas Copco AB, SP …
Global hydraulic tools market is projected to reach $2,347.0 million by 2026, growing at a CAGR of 5.9% from 2019 to 2026. The growth of the global market is driven by rise in the material handling equipment industry. Increase in new technologies such as SGH wire-actuated encoders, which measure the cylinder stroke in the hydraulic cylinder, boost the demand for hydraulic tools across the globe. North America serves
Claddings Market Competitive Landscape, Regional Outlook and Driving Factors Ana …
The claddings market has risen to great heights with the development of product for the residential and commercial infrastructure globally. That extra layer of skin on the exterior and interior of building structures to warrant safety from weather elements and add aesthetic appeal has yielded an emerging market. Global claddings market is expected to reach $262,381 million by 2022 growing at a CAGR of 6.7%. North America dominated the market

All 5 Releases


More Releases for Electric

Global Electric Truck Market
Global Electric Truck Market – Industry Analysis and Forecast (2018-2026) – by Electric, Truck, Application Type and Region. Global Electric Truck Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Major driving factors of the Electric Truck Market the trucking industry is in the stages of a technological changes, with a particular focus
India pushes Electric Vehicles
The Indian government’s recent tweaking of the licensing policy for Electric Vehicles (EV) promises to address the infrastructure obstacle holding back the sector. The setting up of EV charging stations by the government would no longer require a license from the Ministry, paving the way for the faster construction of these stations. Earlier this year, Ola – the cab firm – initiated ‘Mission: Electric’ with plans to put 10,000 electric auto-rickshaws and
Folding Electric Bicycle
In this report, the global Folding Electric Bicycle market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Electric Bicycle in these regions, from 2012 to 2022
Electric Vehicles Market
In this report, the global Electric Vehicles (On Road) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Electric Vehicles (On Road) in these regions, from 2012
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in
Global Electric Fan Market Share 2017-2022: Panasonic, Emerson, Alfa Electric, C …
Global Electric Fan Market Research Report A market study based on the " Electric Fan Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Electric Fan Market 2017’. The research report analyses the historical as well as present performance of the worldwide Electric Fan industry, and makes predictions on the future status of Electric Fan market on the basis of this analysis. Request For Sample