Household Power Tools Market 2022 | Present Scenario, Business Growth and Development Factors by 2027- Stanley Black & Decker (DeWalt), Bosch, TTI

The report provides a strategic analysis of the Global Household Power Tools Market and the growth estimates for the forecast period 2022 to 2027. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers, restraints, opportunities, and threats for key players. Also report focuses on Household Power Tools Market Trends, volume, and value at the global level, regional level, and company level.

The Household Power Tools Market is expected to register a CAGR of 4.1% over the forecast period 2022 – 2027.

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Top companies operating in the Global Household Power Tools market profiled in the report are: 

Stanley Black & Decker (DeWalt), Bosch, TTI, Makita, HiKOKI, Hilti, Einhell, Snap-On, DEVON (Chevron Group), Festool, Dongcheng, C. & E. Fein, Positec Group, Jiangsu Jinding, KEN, Food Packaging Barrier Film, ChinaBoda

Industry News:

In October 2021, Stanley Black & Decker, Inc. has entered into a partnership with Eastman to advance sustainability in the power tools industry. BLACK+DECKER, a Stanley Black & Decker brand, would be releasing a new product line, namely revival, which would be offering the brand's first sustainability-led power tools that utilize Eastman's Tritan Renew copolyester.
In October 2021, DEWALT, a Stanley Black & Decker brand, announced the launch of DEWALT POWER STACK 20V MAX Compact Battery, a next-generation technological breakthrough that marks a new era of performance for DEWALT cordless power tools.
In December 2020, Hilti has announced the expansion of its rotary and combination hammer tool portfolio with the next generation TE 70-ATC/AVR, the most powerful SDS-Max combination hammer in its class. The newly launched tool would help commercial contractors and tradespeople drill up to 40% faster in reinforced concrete and demolish more concrete.

Market Segmentation by Types covers:

Electric Drill
Cordless Driver Drill
Electric Wrench
Electric Rotary Hammer
Electric Screwdriver
Others

Market Segmentation by Applications covers:

Online
Offline

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The Asia Pacific Dominates the Market:

APAC is expected to hold the largest growth rate of the global power tools market during the forecast period. Rising urbanization, a growing manufacturing industry, and increasing automotive sales in this region are the key factors fuelling the growth of the power tools market in APAC. Besides, the increasing government initiatives toward enhancing industrial manufacturing facilities and infrastructural development in various countries in APAC is expected to fuel the growth of the market during the forecast period. India and China remain lucrative growth markets for manufacturers of power tools.

Regional Analysis for Household Power Tools Market:

North America, Latin America, Asia-Pacific, Africa, and Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Household Power Tools Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Major Points Covered in Table of Content:

Overview: Along with a broad overview of the global Household Power Tools Market, this section gives an overview of the report to give an idea about the nature and contents of the research study.

Analysis on Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Household Power Tools Market.

Study on Key Market Trends: This section of the report offers a deeper analysis of the latest and future trends of the Household Power Tools Market.

Market Forecasts: Buyers of the report will have access to precise and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Household Power Tools Market.

Regional Growth Analysis: All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unmapped regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.

Market Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the Household Power Tools Market. Market participants can use this analysis to make strategic investments in key growth pockets of the Household Power Tools Market.

Key Reasons to Purchase:

– To gain understanding analyses of the Household Power Tools Market and have a comprehensive understanding of the global market and its commercial landscape.

– To understand the most affecting driving and restraining forces in the market and their impact on the global market.

– To understand the future outlook and prospects for the Household Power Tools Market.

– To know the Key market trends across the business segments, Regions, and Countries.

– To analyse competitive growths such as new product launches, agreements, and share in the market.

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