Press release
Power Tools Market is Projected to Reach $48,677.0 Million by 2027 | By Type, Application & Global Industry Insights
Power Tools Market
Download PDF Sample Report @ https://www.alliedmarketresearch.com/request-sample/1734
The market growth is attributed to the rise in the adoption of power tools in professional and personal applications. Industrial and do-it-yourself (DIY) sectors are the two major applications of power tools. The industrial sector accounts for the maximum share in the global market, owing to the dominant use of power tools for process automation in the construction and automotive industries. The industrial segment is estimated to generate around three-fifths share of the global power tools market during the forecast period.
Power tools have varied applications in non-residential and residential sectors. There has been a growth in the application of power tools, which is facilitated by work efficiency attained through the use of advanced sensors to analyze and execute tasks with minimum errors. There is an increase in the development of the global power tools market, due to a boost in the trend of automation empowering greater returns on investments (ROI) and cost optimization.
The consumption of power tools streamlines human work by reducing the load of repetitive tasks and by lessening the chances of human injury &errors. The advancement of smart technologies, high costs of labor, and the introduction of energy-efficient &low-cost power tools lift the development of the global power tools market. Conversely, the decline of the automotive industry in Asia-Pacific and distresses for human safety limits the growth of the power tools market.
For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/1734
Electric power tools are mostly utilized in different end-user industries such as construction, automotive, logistics, and security sectors. A rise in the use of pneumatic power tools in commercial industries, which includes automotive and construction has enhanced the share and demand for pneumatic power tools in the global market. The pneumatic power tools segment is projected to surge at a CAGR of 3.6% throughout the study period.
Asia-Pacific was the foremost geographical market for the global power tools market in 2019. This is due to the large demand for power tools in countries such as China and India due to the presence of a large number of automobile and construction companies.
Key Players
The key players profiled in the global power tools market report include Atlas Copco AB, Emerson Electric Co., Hilti Corporation, Ingersoll-Rand plc, Koki Holdings Co., Ltd., Makita Corporation, Robert Bosch GmbH, Snap-on Incorporated, Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.
Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/1734
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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.
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 is Projected to Reach $48,677.0 Million by 2027 | By Type, Application & Global Industry Insights here
News-ID: 2236914 • Views: …
More Releases from Allied Market Research
Military Robots Market In-Depth Analysis, Key Market Dynamics, Growth Opportunit …
As per the report published by Allied Market Research, the global military robots market size was accounted for $17.55 billion in 2020, and is estimated to reach $34.61 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030.
Rise in investment to develop autonomous systems and surge in demand for underwater drones for defense and security applications drive the global military robot market. However, high cost of military…
Meat Substitute Market Statistics 2035 : Key Factors that are leading the Market …
According to the report, the "meat substitute industry" was valued at $6.6 billion in 2023, and is estimated to reach $18 billion by 2035, growing at a CAGR of 8.9% from 2024 to 2035.
The growth of the meat substitute market is primarily driven by several key determinants, each contributing to rise in adoption and expansion of plant-based protein alternatives. Shifting consumer preferences towards healthier lifestyles and sustainable food choices plays…
Rapid Growth Ahead: Smart Air Purifiers Market Expected to Touch $17.65 Billion …
Allied Market Research has released a report titled, "Smart Air Purifiers Market by Product Type (Dust Collector, Fume & Smoke, Others), Technique (HEPA, Thermodynamic Sterilization System, Ultraviolet Germicidal Irradiation, Ionizer, Activated Carbon Filtration, Others), and End User (Residential, Commercial, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global smart air purifiers market was valued at $5,475.0 million in 2020 and is projected to reach $17,656.3…
Food Service Equipment Market Research Overview, Share, Size, Analysis, and Fore …
food service equipment market size was valued at $35.8 billion in 2023, and is estimated to reach $74.4 billion by 2035, growing at a CAGR of 6.3% from 2024 to 2035.
Food service equipment includes a comprehensive range of appliances, tools, and machinery critical to the efficient preparation, cooking, storage, and serving of food and beverages in commercial environments such as restaurants, hotels, cafeterias, and catering services. This category encompasses everything…
More Releases for Power
Thermal power Market is Gaining Momentum with Enel, TATA Power, Reliance Power
The Latest Released Thermal power market study has evaluated the future growth potential of Thermal power market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market
This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation…
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution…
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan.
The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,…
Fluid Power Systems Market SWOT Analysis by Key Players: Parker, Eaton, Tokyo Ke …
QY Research has lately published a new report on “Global Fluid Power Systems Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025,” for the forecasted period 8-years, i.e. between 2017 and 2025.
The Fluid Power Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered…
New research on Medical Power Supply Market To 2022 Profiling SL Power Electroni …
This Global Medical Power Supply market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this…
