Global Power Tools Market with Included Analysis of New Trends, Updates, and Forecast | Robert Bosch GmbH, Stanley, Black & Decker, Inc., Hilti Corporation, Atlas Copco AB, Makita Corporation

Power tools are mostly used to saw, drill, polish, wrench, and cut materials. Using practical and energy-efficient tools, a number of industries, including the automotive, construction, aerospace, oil and gas, petrochemical, and others, have undergone transformations. By using these instruments, you can use them comfortably and get better outcomes.
Due to increasing operation hours brought on by the use of cordless equipment, the global market is anticipated to expand significantly during the forecast period. The market's expansion is being hampered by issues including high maintenance costs for moving parts and fluctuating raw material prices.

Professional and consumer items are two categories in which businesses sell their goods. Fasteners and corded or cordless pneumatic tools are examples of professional goods (wrenches and drivers, drills, saws, guns, nails, concrete, masonry anchors, and others). On the other hand, a few gardening products that are classified as consumer goods are edgers, lawnmowers, hedge trimmers, and string trimmers.

Global Power Tools Market is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027.

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Over the next seven years, demand for power tools is expected to rise due to an increase in their use in the construction and automotive industries. There are several fastening tasks on the production and assembly lines for automobiles. Power tools boost efficiency while minimizing the amount of time spent on these repetitive chores. Power tools are thus being employed more frequently in the automobile industry by both the companies that make the vehicles as well as those who offer repair and maintenance services. Corresponding to this, the increased need for drills, sanders, wrenches, and other tools in the building industry.

Global Power Tools Market: By Key Players
• Robert Bosch GmbH (Germany)
• Stanley, Black & Decker, Inc. (U.S.)
• Hilti Corporation (Liechtenstein)
• Atlas Copco AB (Sweden)
• Makita Corporation (Japan)
• Emerson Electric Co. (U.S.)
• Hitachi Koki Ltd. (Japan)
• Ingersoll Rand (U.S.)
• Techtronic Industries Co. Ltd. (Hong Kong)
• Enerpac Tool Group (U.S.)

Global Power Tools Market: By Types
• Drilling & Fastening Tools
• Material Removal Tools
• Sawing and Cutting tools
• Demolition Tools
• Others (Routing Tools)

Global Power Tools Market: By Applications
• Residential Applications
• Construction Field
• Industry Field
• Gardening Field

By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• The middle East and Africa

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Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Power Tools market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Power Tools would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

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