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Power Tools Market Report 2023 - Latest Trends & Insights | Business Scenario | Growth Opportunities | Key Players Like Stanley Black & Decker Inc., Robert Bosch GmbH, Techtronic Industries Co. Ltd., Makita Corporation, Hilti Corporation
Power Tools Market
As per the power tools market report by The Business Research Company, the rapid expansion of the construction industry is expected to propel the growth of the power tools market going forward. The construction industry is a manufacturing and trade division focusing on building, maintaining, and repairing structures. Power tools are employed in construction as they give greater efficiency, accuracy, and worker safety. For instance, according to Invest India, an India-based investment and promotion agency, the Indian construction equipment sector revenue stood at $6.5 billion in 2020 and is expected to the growth by an average of 7.1% by 2025.
The global power tools market size grew from $35.96 billion in 2022 to $39.35 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The power tools market size is expected to grow to $53.58 billion in 2027 at a CAGR of 8.0%.
Read More On The Power Tools Market Report Here:
https://www.thebusinessresearchcompany.com/report/power-tools-global-market-report
Major competitors in the power tools market include Stanley Black & Decker Inc., Robert Bosch GmbH, Techtronic Industries Co. Ltd., Makita Corporation, Hilti Corporation, Atlas Copco, Ingersoll Rand, Snap-on Incorporated, Apex Tool Group, Hitachi Koki Ltd., Emerson Electric Co, Enerpac Tool Group.
The power tools market is segmented -
• By Tool Type: Drilling and Fastening Tools, Demolition Tools, Routing Tools, Sawing and Cutting Tools, Material Removal Tools, Other Tool Types
• By Mode Of Operation: Electric, Pneumatic, Other Mode of Operations
• By Distribution Channel: Online, Offline
• By Application: Construction, Automotive, Aerospace, Energy, Electronics, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the power tools market.
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The power tools market consists of sales of demolition hammers, chopsaws, angle grinders, miter Saw. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The Table Of Content For The Power Tools Market Include:
1. Executive Summary
2. Power Tools Market Characteristics
3. Power Tools Market Trends And Strategies
4. Power Tools Market - Macro Economic Scenario
5. Power Tools Market Size And Growth
6. Power Tools Market Segmentation
...........
27. Power Tools Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Power Tools Market
29. Power Tools Market Future Outlook And Potential Analysis
30. Appendix
The "Global Power Tools Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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