Jobsite Radio Market Is Forecasted to Grow at A CAGR of Around 8.5% During 2021-2031

The global jobsite radio market is projected to expand at a CAGR of 8.5% over the 2021 to 2031 assessment period. These are being mostly used by manufacturing companies, construction companies, and the mining sector.
Jobsite radios are one of the primary entertainment devices used at the worksite for the amusement of workers. With advancements in the technology of jobsite radios, more number of manufacturing and construction companies, especially in North America, are shifting towards jobsite radio by replacing traditional radios.
At present, jobsite radios hold a considerable proportion of expenditure incurred on workers by companies. Several industries across the globe have been using jobsite radios for their blue collar workers for almost a decade. Besides, recently, residential customers have also started using them as speakers for heavy bass music. There has been a rise in the number of residential users of jobsite radios, owing to the presence of more features and durability as compared to speakers. In Europe, there is a growing population of residential customer, mostly campers, who prefer jobsite radios for camping purposes

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Jobsite Radio Market- Scope Of Report

A recent study by Fact.MR on the jobsite radio market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of jobsite radios.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing jobsite radios, along with their product portfolios, enhances the reliability of this comprehensive research study.

Key Segments Covered

By Additive
• AC Powered Jobsite Radios
• AC/DC Powered Jobsite Radios
• 5V Max
• 12 Max
• 18 Max
• 20 Max
• 28 Max
By End User
• Jobsite Radios for Manufacturing Companies
• Jobsite Radios for Woodworking Companies
• Jobsite Radios for Construction Companies
• Jobsite Radios for Residential Customers
• Jobsite Radios for Mining
By Sales Channel
• Home Improvement Stores
• Modern Trade/ Organized Hardware Stores
• Online Retail
By Region
• North America
• Europe
• Latin America
• East Asia
• South Asia
• Oceania
• MEA

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Competitive Landscape
Majority of the companies discussed in the report have focused on establishing subsidiaries in developing and developed regions. Some of the key developments are:
• In 2019, DEWALT, introduced Atomic and Xtreme product lines, which come with brushless and cordless 20V power tools. This made the product line more efficient and user-friendly.
• In 2018, Bosch invested US$ 56 million in India. Bosch is focusing on increasing its manufacturing and development units in India. Its purpose is to increase the skilled and efficient workforce in India.
• In 2018, Makita started leveraging recharge control and motor technologies to promote cordless products. Makita developed products that make worksites across the world safer, more efficient, and more comfortable.
• Similarly, recent developments related to companies manufacturing jobsite radios have been tracked by the team at Fact.MR, which are available in the full report.

Key Competitors:

• DEWALT
• Robert Bosch GmbH
• Makita Corporation
• Milwaukee Electric Tool Corporation
• RYOBI Limited
• Porter Cable
• Ridgid Power tools
• Craftsman
• SuperSonic Electronics
• Naxa electronics
• Perfect Pro
• GTL Tools
• Retekess
• Avantree Technology

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Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of jobsite radios across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of jobsite radios during the forecast period. Price point comparison by region with global average price is also considered in the study.

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This release was published on openPR.