Press release
Power Tools Market with COVID-19 Update by Stanley Black & Decker, Techtronic Industries, Robert Bosch, Makita Corporation, Hilti Corporation, Apex Tool Group and Others.
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The Global Power Tools Market is estimated to grow from USD 29.5 Billion in 2020 to USD 36.9 Billion by 2025, at a CAGR of 4.6%.
Top Companies Profiled in the Power Tools Market:
• Stanley Black & Decker (US)
• Techtronic Industries (Hong Kong)
• Robert Bosch (Germany)
• Makita Corporation (Japan)
• Hilti Corporation (Liechtenstein)
• Atlas Copco (Sweden)
• Apex Tool Group (US)
• Ingersoll-Rand (Ireland)
• KOKI Holdings (Japan)
• Snap-on Incorporated (US)
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“Market for drilling and fastening tools to grow at highest CAGR during forecasted period”
Drilling and fastening tools are expected to grow at the highest CAGR during forecasted period, followed by material removal tools with second-highest CAGR. Fastening tools are widely used in industries, namely construction, automotive, aerospace, and energy. Fastening tools are used for quality-critical operations such as tightening joints, mounting the engine to the chassis, and fastening bolts.
“Market for electric tools especially cordless tools to grow at highest CAGR during forecast period“
Currently, electric tools hold the largest market share among all other mode of operation in the power tools market, and a similar trend is likely to continue during the forecast period. Electric power tools are operated either through a battery, based on application or through the corded power supply. Corded electric tools are plug-n-play tools, whereas cordless tools are easy to operate, efficient, and handy in nature.
“Market for residential/DIY application to grow at highest CAGR during forecast period”
The market for the residential/DIY application to grow at the fastest CAGR in the power tools market owing to rising demand for cordless power tools in renovation and remodeling projects. Mostly electric power tools are used by DIY consumers for residential refurbishment and improvement projects.
Breakdown of primary participants’ profile:
• By Company Type – Tier 1 = 57%, Tier 2 = 23%, and Tier 3 = 20%
• By Designation – C-level Executives = 44%, Directors = 38%, and Others = 18%
• By Region – North America = 40%, Europe = 32%, APAC = 18%, and RoW = 10%
Competitive Landscape of Power Tools Market:
1 Overview
2 Market Ranking Analysis
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.3 Innovators
3.4 Emerging Companies
4 Strength Of Product Portfolio
5 Business Strategy Excellence
6 Competitive Scenario
6.1 Product Launches
6.2 Acquisitions
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Reason to access this report:
• Illustrative segmentation, analysis, and forecast of the market based on tool type, mode of operation, application, and region have been conducted to give an overall view of the power tools market.
• A value chain analysis has been performed to provide in-depth insights into the power tools market.
• The key drivers, restraints, opportunities, and challenges pertaining to the power tools market have been detailed in this report.
• Detailed information regarding the COVID-19 impact on the power tools market has been provided in the report.
• The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues
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