Press release
Power Tools Market to Reach USD 33.05 Billion by 2028; Robert Bosch GmbH, Stanley Black & Decker, Inc., Hilti Corporation, Atlas Copco Ltd., Makita Corporation, Emerson Electric Co., Koki Holdings Co., Ltd., Ingersoll Rand, Techtronic Industries Co. Ltd.,
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐓𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/power-tools-market-101444
𝐅𝐚𝐥𝐥 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 &𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐚𝐦𝐢𝐝 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐏𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐭𝐨 𝐇𝐚𝐦𝐩𝐞𝐫 𝐆𝐫𝐨𝐰𝐭𝐡
Wuhan, China,is considered to be the major manufacturing base for a large number of companies. However, the current COVID-19 pandemic has caused lockdown measures in the country, thereby halting production activities. Power tools are extensively adopted by the construction, shipbuilding, automotive, energy, and aerospace industries. But, a downfall of these sectors because of the pandemic would hinder growth in the near future.
𝐓𝐨 𝐠𝐞𝐭 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐬𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐚𝐧𝐝 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐯𝐢𝐬𝐢𝐭: https://www.fortunebusinessinsights.com/industry-reports/power-tools-market-101444
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧-
𝐏𝐧𝐞𝐮𝐦𝐚𝐭𝐢𝐜𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐄𝐚𝐫𝐧𝐞𝐝 𝟐𝟔.𝟏% 𝐒𝐡𝐚𝐫𝐞 𝐢𝐧 𝟐𝟎𝟐𝟎
The market is categorized into the mode of operation, tool type, application, and region. By tool type, it is segregated into drilling & fastening tools, material removal tools, sawing and cutting tools, demolition tools, and others. Based on application, it is divided into industrial and DIY. Lastly, based on the mode of operation, it is fragmented into pneumatic, electric, and others. Amongst these, the pneumatic segment generated 26.1% in terms of the power tools market share in 2020. However, the demand is estimated to slow down as electric tools are expected to be replaced.
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞-
We follow an innovative research methodology that includesdata triangulation on the basis of bottom-up and top-down approaches. We conduct extensive primary research to validate the projected market numbers. The data used to come up with the forecast for various segments at the country, regional, and global levels are collected through interviews with multiple reputed stakeholders. We also derive information from paid databases, industry journals, SEC filings, and other authentic resources. The report includes several details, such as drivers, opportunities, challenges, and dynamics of the market.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬-
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬 &𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐦𝐨𝐧𝐠 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
Reputed manufacturers present across the globe are striving to provide better products to end-users. To do so, they are constantly adapting the strategy of partnership and collaboration. It is further enabling them to create novel products for the construction and manufacturing industries. Triax Technologies, Inc., for instance, joined hands with Robert Bosch Tool Corporation in May 2018 to co-develop a tracking solution device for aiding construction companies to track tool and equipment locations. These factors are expected to propel the power tools market growth in the upcoming years. However, persistent price fluctuations of raw materials may obstruct the demand for these tools.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬-
𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐒𝐭𝐨𝐤𝐞𝐝 𝐛𝐲 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐂𝐡𝐢𝐧𝐞𝐬𝐞 𝐅𝐢𝐫𝐦𝐬
Regionally, Asia Pacific held USD 8.78 billionin 2020 in terms of revenue. It is set to remain in the dominant position throughout the forthcoming years, backed by the increasing presence of various Chinese firms that are aiming to offer unique power tools at cost-effective prices. On the other hand, the Middle East and Africaare expected to grow steadily on account of the surging industrialization across the oil & gas, power & energy, and construction sectors.
𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/power-tools-market-101444
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞-
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐋𝐚𝐮𝐧𝐜𝐡𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥𝐥𝐲 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐭𝐨 𝐂𝐨𝐦𝐩𝐞𝐭𝐞 𝐰𝐢𝐭𝐡 𝐑𝐢𝐯𝐚𝐥𝐬
The global marketpossesses multiple local and international power tool manufacturers. They are mainly striving to develop advanced tools for a wide range of end-users. Some of the others are participating in strategic collaborations to intensify competition. Below are the two latest industry developments:
February 2020:Makita U.S.A., Inc.introduced its 18 Gauge 2” Brad Nailer (AF506) that features a built-in air duster and enhanced ergonomics to offer convenient airflow for clearing work surfaces.
𝐐𝐮𝐢𝐜𝐤 𝐁𝐮𝐲 -https://www.fortunebusinessinsights.com/checkout-page/101444
𝐓𝐚𝐛𝐥𝐞 𝐎𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭
Introduction
Definition, By Segment
Research Methodology/Approach
Data Sources
Executive Summary
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints,Opportunities and Trends
Impact of COVID-19 on Power ToolsMarket
Short-term Impact
Long-term Impact
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Porter’s Five Forces Analysis
Global Power ToolsMarket Share Analysis and Matrix, 2020
KeyMarket Insights
Profiles of Key Players (Would be provided for 10 players only)
6.1. Overview
Key Management
Headquarters etc.
Offerings/Business Segments
Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
Employee Size
Past and Current Revenue
Geographical Share
Business Segment Share
Recent Developments
Annexure / Appendix
Global Power Tools MarketAnalysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
By Mode of Operation (USD billion)
Electric
Pneumatic
Others (Hydraulic, etc.)
By Tool Type (USD billion)
Drilling & Fastening Tools
Material Removal Tools
Sawing and Cutting tools
Demolition Tools
Others (Routing Tools etc.)
By Application (USD billion)
DIY
Industrial
By Region (USD billion)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
North America Power ToolsMarket Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
By Mode of Operation (USD billion)
Electric
Pneumatic
Others (Hydraulic, etc.)
By Tool Type (USD billion)
Drilling & Fastening Tools
Material Removal Tools
Sawing and Cutting tools
Demolition Tools
Others (Routing Tools etc.)
TOC Continued…!
𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐎𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭-https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/power-tools-market-101444
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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