Press release
Power Tool Accessories Market 2021 Analysis by Global Manufacturers - Apex Tool Group LLC (Bain Capital Partners), Atlas Copco AB, Hilti Aktiengesellschaft, Husqvarna Group
The Power Tool Accessories Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Power Tool Accessories market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Power Tool Accessories market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Power Tool Accessories market.The Power Tool Accessories market is expected to grow at a CAGR of around 4% during 2021-2026.
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Top Leading Companies of Power Tool Accessories Market are - Apex Tool Group LLC (Bain Capital Partners), Atlas Copco AB, Hilti Aktiengesellschaft, Husqvarna Group, Ingersoll-Rand Plc (Gardner Denver Holdings Inc.), Klein Tools Inc., Koki Holdings Co. Ltd. (KKR & Co. Inc.), Makita Corporation, Robert Bosch GmbH, Snap-On Incorporated, Stanley Black & Decker Inc. and Techtronic Industries Company Limited and others.
Market Overview:
Power tools accessories refer to the additional fittings that are used in various engine-driven power, electric and pneumatic power devices. Drills, screwdrivers, and router bits, abrasives wheels, saw blades, chippers and threading products are some of the commonly used power tool accessories. These accessories are ergonomically designed to enhance the efficiency, convenience of use, battery performance and connectivity of the power tools. They also aid in simplifying repetitive tasks and minimizing the chances of human errors and injuries. Owing to this, they find extensive applications across various sectors, including electronics, construction, logistics, manufacturing and aerospace.
Rapid industrialization, along with the emerging trend of automation across the globe, is one of the key factors driving the growth. Furthermore, expansion in the construction and automotive industries is also providing a boost to the market growth. In line with this, there is a growing demand for fabricated metals, such as stamped metal products, fasteners and springs, which are manufactured using power tools, thereby increasing the utilization of power tool accessories. The widespread adoption of cordless power tools equipped with high-density Lithium-ion (Li-ion) batteries is also creating a positive impact on the market growth. In comparison to the traditionally used devices, cordless power tools, such as hammer drills, impact wrenches and circular saws, are more compact, mobile, multi-purpose and have a longer operational life. Other factors, including rapid urbanization, along with the development of smart technologies and low-cost and energy-efficient power tools, are projected to drive the market further.
On The Basis of Type:
Drill Bits
Screwdriver Bits
Router Bits
Circular Saw Blades
Jig Saw Blades
Band Saw Blades
Abrasive Wheels
Reciprocating Saw Blades
Others
On The Basis of Application:
Milter Saw
Drill Machine
Reciprocating Saw
Hole Saw
Others
The Latest Industry Data Included in this Report:
- Power Tool Accessories Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Power Tool Accessories Market (%),2016 - 2026
- Power Tool Accessories Market Share, By Brand
- Power Tool Accessories Market Share, By Company
- Power Tool Accessories Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Power Tool Accessories Market Value Analysis & Forecast
- Promising Power Tool Accessories Development by Major Companies
- Detailed Power Tool Accessories Portfolio of the Major Companies
- Major Deals in the Power Tool Accessories Market
- Major Companies Analysis
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Irfan Tamboli (Head of Sales) – Market Insights Reports
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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