Press release
Power Tools Market Size, Growth, Analysis and Forecast Report By 2027 | Key Players – Atlas Copco, Hilti, Makita, Techtronic Industries (TTI), Bosch, KOKI Holdings, Snap-On, Ingersoll-Rand, and Stanley Black & Decker
Global Power Tools Market was valued at USD 30.25 billion in 2019 which is expected to reach USD 45.12 billion by 2027 at a CAGR 4.88%.The report on Power Tools market details key dynamics of the market. The report has been developed, based on an exhaustive study by our proficient analysts. The scope of the report on the Power Tools market range from the year 2020 to 2027. The report has been carefully designed, for our clients to comprehend the market’s insights easily. There are six sections of the Power Tools market report. The report modules are; a market overview, a segmental study of the market, regional analysis, important vendors operating in the market, and news updated for the Power Tools market.
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The power tool is equipment which actuated by additional power source like electric motor, compressed air, and IC engines. These tools are used for various applications in shipbuilding, construction, automotive industry, and energy. Also, power tools have commercial as well as industrial application like cutting, shaping, sanding, drilling, routing, painting, polishing, and heating etc. Power tools are available in various forms such as Demolition Tools, Routing Tools, Material Removal Tools, Sawing and Cutting Tools, and Drilling and Fastening/Driving Tools.
Companies Covered in this Report are:
KOKI Holdings,
Snap-On,
Ingersoll-Rand,
Atlas Copco,
Hilti,
Makita,
Techtronic Industries (TTI),
Bosch,
Stanley Black & Decker
Increase in adoption of DIY techniques and investments in infrastructural developments which are expected to boost the global power tools industry. Also, increase in disposable income of people will have the positive impact on global power tools market growth. Furthermore, continuous progressions in the power tools industry by key competitors which are expected to propel the growth of power tools industry.
However, high maintenance cost and raw material price fluctuations are the restraining factors which are expected to hamper the global power tools market growth.
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Market Taxonomy
By Tool
Demolition Tools
Routing Tools
Material Removal Tools
Sawing and Cutting Tools
Drilling and Fastening/Driving Tools
Others
By Mode of Operation
Electric
Pneumatic
Others
By Application
Residential
Industrial/Professional
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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Contact Person:-
Vishal Thakur
Research Support Specialist
QualiKet Research
6060 N Central Expy #500, TX 75204, U.S.A
Email: sales@qualiketresearch.com
Website: https://qualiketresearch.com
About Us:-
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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