openPR Logo
Press release

Power Tools Market Due to Rise in Infrastructure Spending have Boosted the Growth

05-27-2020 04:36 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

Power Tools Market Due to Rise in Infrastructure Spending have

Allied Market Research recently published a report, titled, "Power Tools Market by Mode of Operation (Electric, Pneumatic, and Others), Tool Type (Drills, Material Removal Tool, Saws, Wrenches, and Others), and Application (Industrial and Do-It-Yourself (DIY)): Global Opportunity Analysis and Industry Forecast, 2020-2027".

According to the report, the global power tools market was pegged at $32.66 billion in 2019, and is projected to reach $48.67 billion by 2027, growing at a CAGR of 4.8% from 2020 to 2027.

Get detailed COVID-19 impact analysis on the Power Tools Market:https://www.alliedmarketresearch.com/request-for-customization/1734?reqfor=covid

North America dominated the market

The market across North America held the largest share in 2019, contributing to nearly one-third of the market, owing to high adoption rate of electric power tools in the region. However, the market across LAMEA is expected to manifest the highest CAGR of 6.2% during the study period, as major power tool manufacturers have established their subsidiaries to promote better sales and services in the developing regions

The electric segment to witness high demand

Based on mode of operation, the electric segment held the largest share in 2019, accounting for nearly one-third of the market and is projected to register the highest CAGR of 5.1% during the forecast period. This is due to massive growth in the construction and manufacturing industries in the developing countries

Download Sample Report PDF:https://www.alliedmarketresearch.com/request-sample/1734

Major market players
o Atlas Copco AB
o Hilti Corporation
o Emerson Electric Co.
o Koki Holdings Co., Ltd.
o Ingersoll-Rand plc
o Robert Bosch GmbH
o Makita Corporation
o Stanley Black & Decker Inc.
o Snap-on Incorporated
o Techtronic Industries Co. Ltd.

DIY segment to manifest highest CAGR through 2027

The DIY segment is expected to portray the highest CAGR of 5.2% during the forecast period, due to rise in DIY culture and increased trend of the e-retail platform in developing nations, which made it easy for the non-professional users to buy power tools. However, the industrial segment held the largest share in 2019, accounting for nearly two-thirds of the total revenue.

Inquire for Purchase Report:https://www.alliedmarketresearch.com/purchase-enquiry/1734

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: 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 Power Tools Market Due to Rise in Infrastructure Spending have Boosted the Growth here

News-ID: 2059688 • Views:

More Releases from allied market research

Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R …
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in terms
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of …
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by the year 2030, as projected by Allied Market Research.
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by th …
According to a new report published by Allied Market Research, titled, "home beer brewing machine market by product type, mechanism, and distribution channel: global opportunity analysis and industry forecast, 2021-2030," The global home beer brewing machine market size was valued at $19.1 million in 2020, and is projected to reach $25.4 million by 2030, registering a CAGR of 3.0% from 2021 to 2030. Request a report sample to gain comprehensive insights
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 25.5% through the year 2030, according to Allied Market Research.
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate …
According to a new report published by Allied Market Research, titled, "Hospitality Robots Market by Type, End User, Sales Channel and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global hospitality robots market size is expected to reach $3,083 million by 2030 at a CAGR of 25.5% from 2021 to 2030. Hospitality Robots Market by Type (Front Desk Robots, Delivery Robots, Cleaning Robots and Others) and end user (Hotels,

All 5 Releases


More Releases for Tool

Data Annotation Tool Market Data Annotation Tool Market
The study on the Global Data Annotation Tool Market published by Fact.MR is a comprehensive analysis of the key factors that are likely to determine the growth of Data Annotation Tool Market in the upcoming years. Further, the study dives deep to investigate the micro and macro-economic parameters that are expected to influence the global scenario of the Data Annotation Tool Market during the forecast period (2022-2031). The report examines the
Research Report and Overview on Titanium Carbide Tool Market, 2020-2026 with Mit …
"Global Titanium Carbide Tool Industry Research Report” Provides Detailed Insight Covering all Important Parameters Including Development Trends, Challenges, Opportunities, Key Insights and Competitive Analysis of Titanium Carbide Tool Market. COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets. To know How COVID-19 Pandemic will impact this market/industry-DOWNLOAD sample
Aluminum Carbide Tool Market Trend, Segmentation and Forecast to 2025| Mitsubish …
High speed steel tools and carbide tools are widely used machine tools. From which carbide tools are most popular for machining applications. Carbide tools have exceptional characteristics like wear resistance, material strength, chemical inertness and other superior properties. The Aluminum Carbide Tool market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In
Titanium Carbide Tool Market Size Study and Regional Forecasts 2019-2025| Mitsub …
High speed steel tools and carbide tools are widely used machine tools. From which carbide tools are most popular for machining applications. Carbide tools have exceptional characteristics like wear resistance, material strength, chemical inertness and other superior properties. The Titanium Carbide Tool market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In
What's driving the Solid Carbide Tool Market growth? Key Players are: Mitsubishi …
The worldwide market for Solid Carbide Tool is expected to grow at a CAGR of roughly over the next five years, will reach million US$ in 2024, from million US$ in 2019, according to a new Big Market Research study. Get Discount Sample @ https://www.bigmarketresearch.com/request-for-discount/3009309?utm_source=SBL This report focuses on the Solid Carbide Tool in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes
Global Knurling Tool Market 2018-2025 Aloris Tool, Dorian Tool, Sassatelli
Recently added detailed market study "Global Knurling Tool Market" examines the performance of the Knurling Tool market 2018. It encloses an in-depth Research of the Knurling Tool market state and the competitive landscape globally. This report analyzes the potential of Knurling Tool market in the present and the future prospects from various angles in detail. The Global Knurling Tool Market 2018 report includes Knurling Tool market Revenue, market Share, Knurling Tool