Africa Power Tools Market Growing Business Strategy - How Positive Impact on Various Regional

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.

Significant increase in investments in housing sector has led to increase in demand for power and hand tools. Sales of power tools have significantly increased across the globe including North America, owing to rising housing investments. Moreover, the demand for restoration in Japan has increased after the Great East Japan Earthquake, which in turn, is expected to drive growth of the Africa power tools market in the near future.

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What is the current market size and Compound Annual Growth Rate (CAGR) of the market during the forecast period (2020-2027)?
The Africa power tools market size was valued at US$ 6,514.7 million in 2019 and is estimated to exhibit a CAGR of 6.3% between 2020 and 2027.

Who are the key players operating in this market?
Some of the key players operating in the 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.

Which are the key factors driving the growth of the power tools market?
Major factor driving the growth of Africa power tools market during the forecast period Rising investments in housing sector and infrastructure and Rising urbanization.

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