Press release
Power Tools Market Size, Share, Growth Analysis 2020-2027 | by Mode of Operation, Tool Type, Application
Power Tools Market
According to a report published by Allied Market Research, the global power tools market is estimated to hit $48,677.0 million by 2027. The growth of industrialization and the surge in infrastructural spending are majorly fueling the growth of the power tools industry. Simultaneously, the popularity of energy-efficient power tools is highly increasing thereby contributing to the expansion of the market.
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Power Tools Market by Mode of Operation (Electric, Pneumatic, and Others), Tool Type (Drills, Material Removal Tool, Saws, Wrenches, and Others), and Application (Industrial and Do-It-Yourself (DIY))
Moreover, the growing demand for material handling equipment and further technological advancements are some of the aspects that are anticipated to lead the way of numerous prospects in the coming future.
Power tools are the perfect example of how technology can save your time while ensuring your job got done flawlessly. With the advancement in technology power tools are fulfilling the requirement of quick and excellent work in as many industries as one recalls. Its speed and scale over traditional hand tools make it easier and reliable.
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Undoubtedly, power tools are safer than hand tools. This in turn acts as a major reason for its growing popularity. From DIY experts to seasoned contractors, power tools have so far simplified their jobs conveniently. Thanks to electrical motors for eliminating labor-intensive work.
Competition Analysis
The major participants profiled in the 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.
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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 domains.
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