Compact Power Equipment Rental Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2020-2030

Market Overview
Compact power equipment includes all tools required for lighter construction jobs. The equipment is small in size and used in developing products with more ease and convenience. These compact power tools are of several types, such as engine-driven power tools, electric power tools, and pneumatic power tools. They are used for various operations, such as drilling, polishing, woodwork routing, and screw driving.

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Compact tools are primarily used for construction-related jobs. These tools are used at construction sites for activities like drilling, hammering, cutting, grinding, washing, and blowing of the types of equipment. Compact power tools are light-weighted, small in size, easy to handle and transport. However, they are more complex to handle than the commonly used hand tools, require skilled labor, and regular maintenance to avoid tool wear.

Regional Analysis:
Segmentation of compact power tools market is done based on types and geography. Compact tools are of various types like electric power tools, engine-driven power tools, and pneumatic power tools. Wherein electric power tool includes cordless tools, drilling & demolition, screw-fastening tools, direct fastening tools, cutting/sawing/grinding tools, dust extractors, glue and heat guns, high-pressure washers, and blowers.
Key geographic segments for the compact power tools market include North America, Latin America, Asia-Pacific, and EMEA (Europe, the Middle East & Africa) region. Asia-Pacific is the most prominent region for compact power tools companies owing to increasing construction and infrastructural development activities in countries like India, Japan, and China.

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Competitive Analysis:
Key trends in the compact power tools market are increasing competition from Chinese manufacturers as Chinese vendors are penetrating this market with their tools at competitive prices as compared to other vendors.
Of the many players in the compact power tools market, Makita Corporation, Bosch, Stanley Black & Decker, and Techtronic Industries are the dominant leaders. Other important players include Hilti Group, Panasonic Corporation, Emerson Electric Company, Snap-on Inc., etc. Mergers & acquisitions of key players provide opportunities to expand their product portfolio. In North America, Bosch acquired SPX Corporation’s Service Solution business which manufactures, develops, and sells service equipment and repairs workshop accessories

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This research report presents a comprehensive assessment of the compact power equipment market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market types and geography.

The report covers exhaustive analysis on
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved
• Technology
• Value Chain

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