Press release
Electric Power Tools Market Growing at a CAGR of 6.8% to Reach $49,242.6 million by 2030
global electric power tools market is expected to generate revenue worth $24.1 billion in 2020 and is projected to reach $49.2 billion by 2030, registering a CAGR of 6.8% during the forecast period. In 2020
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Electric power tools have revolutionized the construction, automotive, and other industries, by saving the time and effort required for simple operations including screw driving to complicated operations such as sawing and breaking. The constant up gradations in these electric power tools also assist in boosting their demand.
Top 10 Leading Players
Apex Tool Group
Atlas Copco AB
Hilti Corporation
Ingersoll Rand Inc.
Koki Holding, Co., Ltd.
Makita Corporation
Robert Bosch GmbH
Stanley Black & Decker, Inc.
Snap-on Incorporated
Techtronic Industries Co., Ltd
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging global electric power tools market trends and dynamics.
An in-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027. In addition, it also includes the market sizes for 2015 to 2019.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive electric power tools market analysis of all the regions is provided to determine the prevailing opportunities.
The global electric power tools market forecast analysis from 2020 to 2027 is included in the report.
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the global electric power tools industry is expected to witness a significant growth from factors such as increase in adoption of electric power tools in the construction industry, integration of brushless motors in electric power tools, and growth in popularity of cordless power tools. However, high initial cost of the electric power tools is anticipated to restrain growth of the market. Moreover, the technological innovation in the electric power tools, are anticipated to provide lucrative opportunities for growth of the electric power tools market
Key Market Segments
By Product Type
Corded
Cordless
By End-user Industry
Construction
Automotive
Aerospace
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