Press release
Electric Power Tools Market Worth $39,147.7 Million in 2027 | Key Drivers, Restraints & Opportunity
Electric Power Tools Market
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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.
To compensate this growing demand, major players in the electric power tools industry are focusing toward launching various cordless power tool products every year. For instance, Techtronic Industries Co., Ltd. based in China, through its brand Milwaukee, offers around 90 different professional cordless power tools. Such initiatives are driving the cordless electric power tools’ consumption; thereby, driving the growth of the overall electric power tools market.
Key Players
The key electric power tools industry players profiled in the report 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
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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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