Doubts Related to the Africa Power Tools Explained in the Report with Major Key Companies like SKF, Atlas Copco AB, Hitachi Koki Co. Ltd, Robert Bosch GmbH, Snap-on Incorporated, Techtronic Industries

United State,Washington: CMI presents an updated and Latest Study on Africa Power Tools Market 2020-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Africa Power Tools market during the forecast period (2020-2026).

A power tool is a tool operated by an additional power source and mechanism other than solely manual labor similar to hand tools. There are several types of power tools based on the source of power such as electric power operated tools, liquid fuel gas-powered tools, pneumatic power tools, powder-actuated tools, and hydraulic tools. As compared to conventional hand tools, power tools are far more sophisticated, efficient, and easier to use. These tools are used in complex and heavy-duty activities where precision and speed are necessary. Power tools find applications in routing, sanding, cutting, drilling, polishing, heating, painting, etc.

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The Africa power tools market is estimated to account for US$ 7322.2 Mn in terms of value by the end of 2027.

Competitive Section

Key companies involved in the Africa power tools market are Stanley Black & Decker, Inc., SKF, Atlas Copco AB, Hitachi Koki Co. Ltd, Robert Bosch GmbH, Snap-on Incorporated, Techtronic Industries Company Limited, Makita Corporation, and Danaher Corporation.

Market Trends

Rising competition from Chinese vendors is a major trend
Chinese vendors are increasingly penetrating various markets including African market with enhanced product offerings at competitive prices as compared to local vendors. China is a major established exporter of products to the U.S. Electric tools production in the U.S. has reduced significantly as a result of the outsourcing of power tool production to lower-cost economies. According to Coherent Market Insights’ analysis, China holds the dominant position in power tools production, accounting for 80% globally. As a result of this, Chinese vendors are providing strong completion, local vendors.

Growing adoption of lithium-ion batteries over Ni-Cd batteries
Ni-Cd technology has been deployed in cordless tools for years, though it is currently losing its leading position with the advent of lithium-ion battery technology. Lithium-ion battery technology is gaining major traction, owing to features such as increased productivity, durability, and lightweight as compared to 18-volt battery-operated tools. Moreover, Lithium-ion batteries provide maximum performance during the entire battery charge cycle without a gradual decrease as it is observed with Ni-Cd batteries. Milwaukee Electric Tool’s V28 line of power tools using lightweight lithium-ion batteries, which in turn is expected to boost the demand for cordless-tool technology.

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Rapid industrialization in emerging markets is expected to boost the Africa power tools market growth over the forecast period

Emerging markets in Africa region are witnessing rapid industrialization and economic growth. These countries are playing a crucial role in creating demand for power tools since they have become manufacturing hubs. Furthermore, in emerging economies, labor costs are usually low fuelling industrialization in these regions. According to Coherent Market Insights’ analysis, the Africa Power Tools industry is projected to be valued at US$ 28 Bn due to increasing demand from emerging markets, specifically due to rapidly growing residential construction work in China and India in the near future. Thus, these factors are expected to support growth of the Africa power tools market over the forecast period.

Market Opportunity

High growth of semiconductor industry can present lucrative growth opportunities

High demand for consumer electronics with enhanced functionalities, extended operating times, higher performance is encoring semiconductor manufacturers to lay emphasis on finding rapid ways to deliver products. Power tools play a significant role in meeting these objectives. Accurate and stable measurement devices enable close control of the microenvironments surrounding semiconductor tools.

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