Sales of Portable Tools Will Grow At A CAGR of 4.2% By 2032- Fact.MR Study

The global portable tools market is estimated at USD 80.4 Billion in 2022 and is forecast to surpass USD 121.6 Billion by 2032, growing at a CAGR of 4.2% during 2022-2032.

The global portable tools market contributed by providing around ~15% of the total revenue generated by global industrial machinery and equipment tools market in 2021. The global portable tools market is estimated to provide an absolute $ opportunity of USD 41.2 Billion during the assessment period of 2022-2032.

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Competitive Landscape: Top Companies in Portable Tools Market

The global portable tools market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced portable tools.

Fact.MR has provided detailed information about price points of top manufacturers of portable tools market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

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Key Companies Profiled by Fact.MR

• Akar Tools Ltd.
• Apex Tools Group
• Atlas Copco AB
• Channellock, Inc.
• Danaher Corporation
• Emerson Electric Co. (RIDGID)
• Fiskars Group
• General Tools & Instruments LLC
• Makita Corporation
• JK Files (India) Limited
• Kennametal Inc.
• Klein Tools
• Robert Bosch GmbH
• Q.E.P. Co., Inc.
• Snap-On Inc.
• Stanley Black & Decker, Inc.
• Techtronic Industries Company Limited
• Wera Tools
• 3M Co.
• DowDuPont Inc

Global Portable Tools Market Segments

• By End Use :

o Industrial
 Manufacturing Industry
 Constructional Industry

o Commercial
o Household & DIY

• By Category :

o Hand Tools
o Power Tools
o Garage Tools
o Lighting Tools
o Personal Protective Equipment (PPE)

• By Sales Channel :

o Distributor Sales
o Retail Outlets
o Online Sales

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

The report includes the following Portable Tools Market insights and assessments, which are helpful to all participants involved in the Portable Tools Market:

 Data on recently introduced regulations and their impact on key industries and demand for portable tools

 Latest industry analysis of the Portable Tools Market with key analysis on market drivers, trends and influencing factors

 Key Trends Analysis of Portable Tools market and changing consumer preferences in major verticals.

 Changing the demand for portable tools and the consumption of various products

 Key trends underscoring key investor funding in numerous countries

 New investment opportunities in different technologies and types of products or services

 Comprehensive data and competitive analysis of the key players of portable tools

 US handheld tool market sales are set to grow steadily due to growing consumer confidence and economic recovery

 The demand forecast for handheld tools in Europe remains stable as many countries like the UK, France and Germany focus on fueling growth

Questionnaires Answered in Portable Tools Market Report Include:

 How has the portable tool market grown?
 What are the current and future prospects of the global Portable Tools based on region?
 What are the challenges and opportunities for Portable Tools?
 Why is the consumption of portable tools the highest in the region?
 In what year is the segment expected to overtake the segment?

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background and Foundation Data Points

3.1. Global Industrial Machinery & Equipment Tools Overview

3.1.1. Industrial Tools Overview

4. Market Risks and Trends Assessment

4.1. Risk Assessment

4.1.1. COVID-19 Crisis and Impact on Portable Tools Production

5. Key Success Factors

5.1. Adjust Price Points Across Countries In Order To Improve Sales

5.2. Strengthening Presence through Channel Partner in Non-Conventional Markets

6. Global Portable Tools Market Demand (Units) Analysis 2017-2021 and Forecast, 2022-2032

6.1. Historical Market Volume (Units) Analysis, 2017-2021

6.2. Current and Future Market Volume (Units) Projections, 2022-2032
Contd…

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