Power Tools Market poised to grow over USD 36,060 Million by 2025 | SARS-CoV-2, Covid-19 Analysis with Industry Demand By Global Key Players

Global Power Tools Market Research Report: Information by Type (Engine-driven Power Tools, Electric Power Tools, Pneumatic Power Tools, Hydraulic Power Tools and others), Application (Industrial, Professional and Household) and Region (North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2025

Why Power Tools are Quick Outpacing Hand Tools?

Tools play a pivotal role when it comes to the progress of mankind. In fact, since ancient times, they are used for performing various errands. Modern tools are broadly categorized into hand and power tools. The former is easy to use and has a simple design, while the latter is more complex and used for performing advanced tasks. Power tools use electricity to function. Impact drills, orbital sanders, rotary drills, and angle grinders are some of the most widely used power tools.

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Facts About Power Tools

Be it an office, a commercial quarter, or a house, power tools find widespread use everywhere, thereby making it a vital constituent of every workman’s tool kits. Varying widely in price ranges, functionality, and design, these tools are used in various constructional, maintenance, and wood work jobs. The key reason behind this is, these instruments help to speed up the task to a comparatively faster pace than is anticipated. With special features such as electric motors, these tools help to reduce strenuous, manual labor. They are quick outpacing hand tools, with more and more consumers having a preference of accomplishing minor jobs on their own. Rapid urbanization and rising disposable income have introduced people to do-it-yourself tasks, due to which the demand for such tools has automatically received a fillip.

Broad Categorization

Power tool is categorized into portable and stationary. Portable power tools are handheld and preferred for its versatility and mobility. They are lightweight, thus can be easily used. On the other hand, stationary power tools have speed and accuracy. They are big in size, thus cannot be moved easily but it does have some benefits such as power, precision, and smoothness.

Different Types and Their Uses

Power tools are available in an array of choices, with each having a different use such as,

• Air Compressor- This tool converts power into energy. It will store the compressed air as energy in accordance with its capacity. The power of the air compressor and the tank capacity will vary resting on the model. Air compressors are mostly used for spray painting, cleaning, filling gas cylinders and air tires, power up pneumatic equipment such as nail guns, and more.

• Table Saw- This tool has a circular saw underneath the table with blades that allows people to slither almost everything smoothly. Here the main power is generated from an electric motor. It is portable, thus can be shifted easily to the site for performing the cutting job. Table saw is mostly used for deeper cutting.

• Trimmer- Trimmer uses monofilament lines that are extremely flexible rather than a regular blade, thus making it extremely useful to cut grass, cut irregular terrain, and also cut other objects that are near the plant. The gasoline engine generates the power, but today electronic motor trimmers too are available.

• Drill- This is one of the most widely used power tools and found in almost everyone’s home. Today drilling machines come in different models and specifications to accomplish various jobs. It is mostly used for putting up wall paintings, woodworking, build furniture, construction use, metalworking, or small drilling work.

• Rotary Tool- Rotary tool is ideal for small home projects. It is basically a handheld power tool which spins at a very high rate. Besides, it is compact in size, thus can be easily shifted. This multipurpose tool can be used for performing various tasks such as polishing, buffing, shining metal surface, carving bevels, sanding, and more.

• Nail Gun- This tool helps to drive nails efficiently and with minimal effort into wood and other materials. It is powered by flammable gas, electricity, or compressed air for running the machine. A nail gun is mostly used for finishing, roofing, carpentry, or other household works.

The bottom line is, power tools are of immense help but should be used with precaution. Design-wise, the modern power tools have become lighter and sleeker to enhance assembler ergonomics. The state-of-the-art technology helps them to accurately control speed, angle, and torque.

Key Questions Addressed by the Report

• What was the historic market size (2018)?
• Which segmentation (type/application) is driving market growth?
• What will be the growth rate by 2025?
• Who are the key players in this market?
• What are the strategies adopted by key players?

Segmental Analysis

The segmental analysis of the power tools market globally is carried out on the basis of type, application, and region. Based on type, the power tools market consists of electric power tools, hydraulic power tools, engine driven power tools, pneumatic power tools, and others. The application-based segmentation of the power tools consists of market household, industrial, and professional. On the basis of region, the power tools market is segmented into the Middle East, North America, Europe, Asia Pacific, South America, and Africa.

Detailed Regional Analysis

The regional assessment of the power tools market comprises of regions such as the Middle East, North America, Europe, Asia Pacific, South America, and Africa. The North American region is the principal region in the power tools market globally. The incidence of factors such as elevated labor cost and development in the distribution channel are compelling the growth in the region. In North America, the U.S. is the top regional market with a share of 81.44 % in 2016. Though, the European region is projected to control the power tools market throughout the forecast period.

Competitive Analysis

The expansion of the market is reliant on the cutbacks achieved in profile-raising and miscellaneous overhead. The client base in the market is diversifying rapidly to display a broad range of demands that have to be dealt with precision so as to create a loyal user base. An unequivocal lead in the market place is expected to be created due to amended strategies in specific areas. The creation of new competencies and resources in the market is expected to further fuel the development of the market. The restrictions in the market are dealt with effectively so that they don’t impact the growth of the market. The creation of favorable competitive advantage is expected to further expedite the development of the market in the forthcoming period. The experimentation in the basic strategies to help leadership to attain successful results in the market space is bolstering the growth in the market.

The significant competitors shaping the power tools market globally are Stanley Black & Decker, Inc. (U.S.), Makita Corporation (U.S.), Robert Bosch Tool Corporation (Germany), Hilti Corporation (Liechtenstein), Snap-on (U.S.), Husqvarna (Sweden), Festool (Germany), Techtronic Industries Co. Ltd (Hong Kong), Hitachi Koki Co. Ltd. (Japan), and Otto Baier GmbH (Germany).

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