Power Tools Market Size, Share & Trends Analysis Report By Product, By Mode Of Operation, By Application, By Region, And Segment Forecasts, 2020 - 2027

The Power Tools Market is projected to grow from USD 29.50 billion in 2020 to USD 39.86 billion by 2027; it is expected to grow at a CAGR of 3.2 % from 2020. The key factors fuelling the growth of the market growing adoption of cordless power tools, rising demand for fastening tools in industrial environments, and growing construction industry in emerging economies are the key factors driving the growth of the Power Toolsmarket. The Power Toolsmarket offers several opportunities for manufacturers to focus smart connectivity for power tools. Cordless Power Toolsinclude a wide range of battery-powered tools, such as hammer drills, impact wrenches, and circular saws, as well as nailers and staplers. The demand for more mobile, flexible, and compact tools is driving the market for cordless tools. Lithium-ion batteries are replacing conventional nickel-cadmium (Ni-Cd) and nickel-metal hydride (Ni-MH) power tools. Advances in battery technology are contributing to the increasing adoption of cordless Power Toolswith high-density batteries that can last longer once charged.

Lithium-ion batteries provide higher energy density and longer operational life to power tools. These batteries are lightweight and do not exhibit self-discharge. Therefore, lithium-ion batteries have become the most popular option for powering cordless power tools. Furthermore, with consumers’ attraction toward cordless tools, tool manufacturers are focusing on cordless Power Toolsand launching innovative products in the market.

Get PDF Sample of Power Tools Market Report @ https://www.envisageresearch.com/sample/EMR100688/

By Market Players:
Stanley Black & Decker
TTI
Bosch
Hilti
Snap-on
Makita

By Type:
Engine-driven power tool
Electric power tool
Pneumatic power tool
Hydraulic and other power tool

By Application:
Residential Applications
Construction Field
Industry Field
Gardening Field
Other

By Regions/Countries:
North America
United States
Canada
Mexico
East Asia
China
Japan
South Korea
Europe
Germany
United Kingdom
France
Italy
South Asia
India
Southeast Asia
Indonesia
Thailand
Singapore
Middle East
Turkey
Saudi Arabia
Iran
Africa
Nigeria
South Africa
Oceania
Australia
South America

Browse Power Tools Market Report with Toc @ https://www.envisageresearch.com/reports/power-tools-market/

The Power Tools market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Power Tools in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Power Tools Market
Chapter 5. Global Power Tools Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Power Tools Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global Power Tools Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America Power Tools Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe Power Tools Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Power Tools Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Power Tools Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America Power Tools Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Power Tools Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market

Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

Buy Power Tools Market Report @ https://www.envisageresearch.com/buy/EMR100688/

Contact Us:
Envisage Market Research
Email: sales@envisageresearch.com

About Us:

Envisage Market Research is the leading provider of custom and syndicated market research reports. Our team of expert analysts offers end-to-end consulting services, along with 80% of the Fortune 500+ companies in the recent past. We are focused to deliver market research report solutions to small and medium enterprises.

Envisage Market Research has steadily grown to become a trusted market research partner for clients across the globe. We are majorly focused to serve a wide range of industrial insights, including automotive & transportation, technology, consumer products, automation and equipment, food & beverages, services & utilities, chemicals & materials, energy, mining, and oil & gas.

This release was published on openPR.