Electric Power Tools Market 2019 Outlook, Opportunity and Demand Analysis Report by 2026 | Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll Rand Inc., Stanley Black & Decker

Electric Power Tools Market by Product Type, and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026. According to the report, the global electric power tools industry was pegged at $22.29 billion in 2018, and is expected to reach $37.14 billion by 2026, growing at a CAGR of 6.7% from 2019 to 2026.

Rise in adoption of electric power tools in the construction market, rise in popularity of cordless power tools, and integration of brushless motors in electric power tools have boosted the growth of the global electric power tools market. However, high initial cost of the electric power tools hampers the market growth. On the contrary, technological innovations are expected to create lucrative opportunities in the near future.

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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.

Based on product type, the cordless segment held the largest share in 2018, accounting for more than two-thirds of the market. Moreover, the segment is projected to register the fastest 7.1% during the forecast period, owing to developments in the battery technologies that improved the productivities of cordless power tools. The report includes analysis of the corded segment.

The construction segment dominated the market in 2018, accounting for more than one-third of the market, owing to the convenience and easy functioning of electric power tools. Moreover, the segment is expected to manifest the fastest CAGR of 7.7% during the forecast period. The report includes analysis of segments such as automotive, aerospace, and others.

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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.

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.

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Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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