Power Tool Accessories Market Report 2023, Size, Share, Demand, Type, Application, End-Use Sector and Region Outlook by 2028

IMARC Group has recently released a new research study titled "Power Tool Accessories Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Market Size:

The global power tool accessories market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Power Tool Accessories Market Trends:

The power tool accessories market is primarily driven by the rapid expansion in the aerospace and construction industry. The increasing automation and the rising demand for fabricated metals, such as fasteners and springs and stamped metal products, has significantly facilitated the demand for power tool accessories, which, in turn, is boosting the market growth. Moreover, the development of smart technologies and low-cost, energy-efficient tools and the widespread adoption of cordless power tools, such as hammer drills, are creating a positive outlook for the market.

Power Tool Accessories Market Outlook:

Power tools are additional fittings that are used in several engine-driven power, pneumatic, and electric power devices. The commonly used power tool accessories include screwdrivers, drills, abrasive wheels, router bits, saw blades, threading products, and chippers. Power tools are ergonomically designed to enhance the battery performance, efficiency, and convenience of use. They help in minimizing the chances of human errors and injuries and simplifying repetitive tasks. As a result, power tool accessories are extensively used across the electronics, logistics, construction, aerospace, and manufacturing industries.

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Power Tool Accessories Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the power tool accessories market has been studied in the report with the detailed profiles of the key players operating in the market.

List of Key Companies Covered in this Market Report:

• Apex Tool Group LLC (Bain Capital Partners)
• Atlas Copco AB
• Hilti Aktiengesellschaft
• Husqvarna Group
• Ingersoll-Rand Plc (Gardner Denver Holdings Inc.)
• Klein Tools Inc.
• Koki Holdings Co. Ltd. (KKR & Co. Inc.)
• Makita Corporation
• Robert Bosch GmbH
• Snap-On Incorporated
• Stanley Black & Decker Inc.
• Techtronic Industries Company Limited

Explore Full Report Description At: https://www.imarcgroup.com/power-tool-accessories-market

Power Tool Accessories Market Segmentation:

The report has segmented the global power tool accessories market on the basis of type, application, end-use sector and region.

Based on Type:

• Drill Bits
• Screwdriver Bits
• Router Bits
• Circular Saw Blades
• Jig Saw Blades
• Band Saw Blades
• Abrasive Wheels
• Reciprocating Saw Blades
• Others

Based on Application:

• Milter Saw
• Drill Machine
• Reciprocating Saw
• Hole Saw
• Others

Based on End-Use Sector:

• Industrial
• Residential

Geographical Analysis:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Website: https://www.imarcgroup.com

About Us:

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