Press release
Electric Power Tools Market Worth $39,147.7 Million in 2027 | Key Segments, Benefits & Opportunities
Electric Power Tools Market
According to a new report published by Allied Market Research, titled, “Electric Power Tools Market by Product Type, and End-User Industry: Opportunity Analysis and Industry Forecast, 2020–2027,” the global electric power tools market size is expected to reach $39,147.7 million in 2027, from $23,603.1 million in 2019, growing at a CAGR of 8.5% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for over one-third global electric power tools market share.
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Electric power tools have revolutionized the construction, automotive, and other industries, by saving the time and effort required for simple operations including screw driving to complicated operations such as sawing and breaking. The constant up gradations in these electric power tools also assist in boosting their demand.
In addition, the ease of use provided by electric power tools has made them popular even for non-professional users mainly in household operations. The small sizes and easy availability of power tools promote their adoption even in normal day-to-day applications such as drilling, cutting, and others, which in turn drives the market growth.
Key Players
The major players operating in the electric power tools industry include Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll Rand Inc., Koki Holding, Co., Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc., Snap-on Incorporated, and Techtronic Industries Co., Ltd.
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Key Market Segments
By Product Type
Corded
Cordless
By End-user Industry
Construction
Automotive
Aerospace
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging global electric power tools market trends and dynamics.
In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027. In addition, it also includes the market sizes for 2015 to 2019.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive electric power tools market analysis of all the regions is provided to determine the prevailing opportunities.
The global electric power tools market forecast analysis from 2020 to 2027 is included in the report.
The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.
The report also provides electric power tools market share analysis for the key players in the market from 2015 to 2019.
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Contact:
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help@alliedmarketresearch.com
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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