Press release
Asia-Pacific Power Tools Market is Likely to grow at 4.1% CAGR during the Period of 2029
Asia-Pacific Power Tools Market
• Asia-Pacific Power Tools Market was valued at USD 8568.93 million in 2021 and is expected to reach USD 14847.17 million by 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. Drilling and Fastening Tools accounts for the largest type segment in the end use industry owing to their easy and cheaper than other power tools. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Covid-19 Impact on Asia-Pacific Power Tools Market
• The COVID-19 has impacted power tools market. The limited investment costs and lack of employees hampered sales and production of power tools technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the thermocouple temperature sensors as it targeted the right audience. The increase in industrialization across the globe is expected to further drive the market growth in the post-pandemic scenario.
Recent Developments
• In June 2020, Milwaukee, a power tool division of Techtronic Industries Co. Ltd. launched Cordless 1" D-Handle High Torque Impact Wrench this product will be used in fastening applications of 2" bolts and features with 2,000 ft-lbs of nut-busting torque.
• In September 2019, CRAFTSMAN, a power tool division of Stanley Black & Decker, Inc., launched the V20* Cordless System; this new cordless system comprises power tools such as V20* Cordless Wet Tile Saw with 17-inch cut capacity.
Asia-Pacific Power Tools Market Scope
• The power tools market is segmented on the basis of type, mode of operation, application, material, end user, and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
• Sawing and Cutting Tools
• Drilling and Fastening Tools
• Demolition Tools
• Routing Tools
• Portable Nibblers
• Air-Powered Tools
• Material Removal Tools
• Electric Cords and Plugs
• Accessories
• Others
Mode of operation
• Electric
• Liquid Fuel Tool
• Hydraulic
• Pneumatic
• Powder-Actuated Tools
Application
• Concrete and Construction
• Woodworking
• Metalworking
• Welding
• Others
Material
• Concrete
• Wood/Metal
• Brick/Block
• Glass
• Others
End user
• Industrial/Professional
• Residential
Asia-Pacific Power Tools Market Regional Analysis/Insights
• The countries covered in the power tools market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Competitive Landscape and Asia-Pacific Power Tools Market
• The power tools market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to power tools market.
Some of the major players operating in the power tools market are
• Stanley Black & Decker, Inc. (US)
• Robert Bosch GmbH (Germany)
• Techtronic Industries Co. Ltd. (Hong Kong)
• Makita Corporation (Japan)
• Hilti Corporation (Liechtenstein)
• Atlas Copco AB (Sweden)
• Ingersoll Rand (US)
• Snap-on Incorporated (US)
• Apex Tool Group (US)
• Koki Holding Co., Ltd. (Japan)
• Honeywell International Inc. (US)
• 3M (US)
• Emerson Electric Co. (US)
• Festool GmbH (Germany)
• KYOCERA Corporation (Japan)
• Makita Corporation (Japan),
• Hilti AG (Liechtenstein)
• Husqvarna AB (Sweden)
Full Access of Report @
https://www.databridgemarketresearch.com/reports/asia-pacific-power-tools-market
MAJOR TOC OF THE REPORT
• INTRODUCTION
• MARKET SEGMENTATION
• EXECUTIVE SUMMARY
• PREMIUM INSIGHTS
• MARKET OVERVIEW
• QUESTIONNAIRE
Get TOC Details
https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-power-tools-market
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