Electric Power Tools Market 2026 Study Landscape And Industry Innovations Encountered A Huge Growth By major key companies profiled like Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll Rand Inc., Koki Holding, Co., Ltd

The global electric power tools market size is expected to reach $37,144.5million in 2026, from $22,292.5million in 2018, growing at a CAGR of 6.7% from 2019 to 2026.Electric power tools have a diversified portfolio that finds application in every construction, manufacturing, or material modification activity. The advancements in electric power tools have revolutionized the way of working, by providing ease and saving time of operation. Thus, the diverse functionality of these tools make them suitable for use in various applications including professional, residential, and commercial establishments.

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Some of the key players of Electric Power Tools Market:
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.

Electric power tools are available in corded and cordless platforms with varied power capacities.Initially, electric power tools were intended for small jobs, however, the improved mechanisms and batteries have improved the functionality and penetration of use for large scale jobs.

The growth in construction activities and requirement of efficient power tools for various operation has led to the increased penetration of electric power tools in the construction industry. The basic operations such as cutting, chopping, drilling, hammering, and grinding can be easily completed using cordless power tools with more efficiency and ease.Thus, surge in adoption of electric power tools in the construction industry is expected to drive the growth of the electric power tools market.

Moreover, the recent product developments in terms of batteries, motors, and other technologies has led to improved product efficiencies, and surged the adoption of electric power tools. For instance, the integration of brushless DC motors (BLDC) in both cordless and corded tools has upgraded the capabilities of electric power tools.

On the contrary, the high initial costs of electric power tools over the pneumatic counterparts is a major restraining factor for the growth of electric power tools market. The pneumatic power tools had gained popularity, mainly because of their high productivity capacities and lower costs. This factor negatively affects the market growth of electric power tools.

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What the report features:-

1. Global analysis of Electric Power Tools Market from 2019 - 2026 illustrating the progression of the market.
2. Forecast and analysis of Electric Power Tools Market by Dosage, Route of Administration and Application from 2019 - 2026.
3. Forecast and analysis of Electric Power Tools Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Reason to Buy:

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Electric Power Tools Market.
2. Highlights key business priorities in order to assist companies to realign their business strategies.
3. The key findings and recommendations highlight crucial progressive industry trends in the Electric Power Tools Market, thereby allowing players to develop effective long term strategies.
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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