Press release
Power Tools Market Is Expected to Grasp the Value of USD 57.4 billion with Growing CAGR of 4.2% by 2032
According to a recent report by Reports and Data, the global power tools market is predicted to reach USD 57.4 billion by 2032 with a revenue CAGR of 4.2% during the forecast period. The growing demand for power tools in the construction industry and the increasing usage of cordless power tools are some of the key factors that are expected to drive the market's revenue growth. The expansion of the construction industry in developing countries is also likely to contribute to the market's revenue growth.
Cordless power tools like hammer drills, impacting wrenches, sawing blades, nailers, and staplers are becoming more popular due to their adaptability, flexibility, and compactness. Lithium-ion batteries are replacing traditional Nickel-cadmium (Ni-Cd) and Nickel-metal Hydride (Ni-MH) battery packs in power tools, as they offer a higher energy density and longer working time. The emergence of high-density battery packs in cordless power tools is also boosting their popularity worldwide.
Power Tools Market Segments:
The estimation for these figures is based on the historical data of 2020-2021, and the forecast period is from 2022 to 2032. The quantitative units used for this report are revenue in USD billion
The report coverage includes a revenue forecast, company ranking, competitive landscape, growth factors, and trends. The segments covered in the report are Product Type Outlook, End-Use Outlook, and Regional Outlook.
Overall, this report provides valuable insights into the market trends and growth prospects for the upcoming years. It is a useful resource for businesses looking to expand their operations in the market and investors looking to make informed decisions.
Access Full Report Description with Research Methodology and Table of Content: https://www.reportsanddata.com/report-detail/power-tools-market
Power Tools Market: Strategic Developments
Stanley Black & Decker Inc. introduced its DEWALT DCF888D2 20V MAX XR 2.0Ah Lithium-Ion Brushless Tool Connect Impact Driver Kit in 2021. This smart power tool enables users to connect and control it via the DEWALT Tool Connect App. It finds application in various industries, including construction, automotive, and manufacturing.
Robert Bosch GmbH launched its FlexiClick GSR 18V-60 FC Professional Cordless Drill/Driver in 2020. The cordless drill/driver is highly versatile and can be used in four different configurations. It is suitable for use in multiple industries, such as construction, automotive, and manufacturing.
In 2020, Makita Corporation launched its 18V LXT Brushless 1/2 Hammer Driver-Drill Kit, which is a powerful and robust power tool that provides high torque and speed. It is ideal for various industries, including construction, automotive, and manufacturing.
Hilti Corporation launched its TE 60-A36 Cordless Combihammer in 2019. This power tool is powerful, efficient, and highly productive. It is suitable for use in multiple industries, such as construction, automotive, and manufacturing.
In 2018, Atlas Copco AB acquired Air Repair Sales and Services, a US-based provider of compressed air equipment and services. The acquisition aimed to expand Atlas Copco's product offerings in the North American market.
Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @https://www.reportsanddata.com/download-free-sample/4644
Power Tools Market: Competitive landscape
The global power tools market is characterized by high competitiveness, with the presence of several large and medium-sized players that collectively contribute to a significant portion of the market revenue. The increasing demand for power tools in various industries, including construction, automotive, and manufacturing, is driving the growth of the market.
To expand their presence in the market, major players are employing various strategies such as mergers and acquisitions, partnerships, product launches, and collaborations. These strategies enable the companies to strengthen their market position and expand their customer base.
The global power tools market report includes some of the major companies that are actively operating in the market. These companies include Stanley Black & Decker Inc., Robert Bosch GmbH, Makita Corporation, Hilti Corporation, Atlas Copco AB, Techtronic Industries Co. Ltd., Hitachi Koki Co. Ltd., Snap-on Incorporated, Emerson Electric Co., and Panasonic Corporation.
These companies are constantly striving to offer innovative products that cater to the evolving needs of their customers. They are also investing in research and development to develop power tools that are efficient, reliable, and durable. The competition in the market is expected to intensify further in the coming years, with the companies focusing on expanding their market reach and strengthening their brand image.
Browse more Reports:
Zinc Sulfate Market: https://www.marketwatch.com/press-release/zinc-sulfate-market-size-is-estimated-to-value-usd-32698-million-by-2030-2023-04-07?mod=search_headline
Surface Disinfectant Market: https://www.marketwatch.com/press-release/surface-disinfectant-market-size-worth-usd-608-billion-by-2030-cagr-of-85-2023-04-07?mod=search_headline
Sheet Molding Compound Market: https://www.marketwatch.com/press-release/sheet-molding-compound-smc-market-expected-to-reach-usd-588-billion-by-2030-2023-04-07?mod=search_headline
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Power Tools Market Is Expected to Grasp the Value of USD 57.4 billion with Growing CAGR of 4.2% by 2032 here
News-ID: 3040087 • Views: …
More Releases from Reports And Data
Global Automotive Variable Geometry Turbocharger Market Insight, Growth, Industr …
The automotive variable geometry turbocharger (VGT) market is an important segment within the automotive turbocharger industry, focused on advanced turbocharging technology that adjusts turbine geometry to optimize exhaust flow and boost pressure. VGTs enhance engine performance, improve fuel efficiency, and reduce emissions, making them essential in modern internal combustion engines-particularly in downsized gasoline and diesel engines. This technology supports automakers' efforts to meet stringent fuel economy and emission regulations while…
Global Automotive Vacuum Pump Market Size, Growth, Industry Trends | Reports and …
The automotive vacuum pump market is a significant segment within the automotive components industry, focusing on pumps that generate vacuum pressure essential for various vehicle functions such as brake boosters, engine control, HVAC systems, and emission control. These pumps improve vehicle safety, performance, and efficiency and are critical in modern internal combustion engine (ICE) vehicles as well as in hybrid and electric vehicles (EVs), especially as engine downsizing and electrification…
Global Automotive Tie Rod Assembly Market Set for Rapid Growth - Reports and Dat …
The automotive tie rod assembly market is a key segment within the automotive steering system components industry, focusing on the manufacture and supply of tie rod assemblies that are essential for precise steering control, vehicle stability, and safety. Tie rod assemblies connect the steering gear to the wheels and play a crucial role in translating driver steering input into wheel movement. These assemblies are widely used across passenger cars, light…
Global Automotive Transmission Valve Spool Market Insight, Growth, Industry Tren …
The automotive transmission valve spool market is a vital segment within the automotive transmission components industry, focusing on manufacturing and supplying valve spools that control hydraulic fluid flow inside transmission systems. These valve spools are critical for enabling smooth gear shifts, optimizing transmission performance, and enhancing overall vehicle efficiency and reliability. They are widely used across automatic and advanced transmission systems in passenger cars, commercial vehicles, and increasingly in hybrid…
More Releases for Tool
Data Annotation Tool Market Data Annotation Tool Market
The study on the Global Data Annotation Tool Market published by Fact.MR is a comprehensive analysis of the key factors that are likely to determine the growth of Data Annotation Tool Market in the upcoming years. Further, the study dives deep to investigate the micro and macro-economic parameters that are expected to influence the global scenario of the Data Annotation Tool Market during the forecast period (2022-2031).
The report examines the…
Research Report and Overview on Titanium Carbide Tool Market, 2020-2026 with Mit …
"Global Titanium Carbide Tool Industry Research Report” Provides Detailed Insight Covering all Important Parameters Including Development Trends, Challenges, Opportunities, Key Insights and Competitive Analysis of Titanium Carbide Tool Market.
COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
To know How COVID-19 Pandemic will impact this market/industry-DOWNLOAD sample…
Aluminum Carbide Tool Market Trend, Segmentation and Forecast to 2025| Mitsubish …
High speed steel tools and carbide tools are widely used machine tools. From which carbide tools are most popular for machining applications. Carbide tools have exceptional characteristics like wear resistance, material strength, chemical inertness and other superior properties.
The Aluminum Carbide Tool market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In…
Titanium Carbide Tool Market Size Study and Regional Forecasts 2019-2025| Mitsub …
High speed steel tools and carbide tools are widely used machine tools. From which carbide tools are most popular for machining applications. Carbide tools have exceptional characteristics like wear resistance, material strength, chemical inertness and other superior properties.
The Titanium Carbide Tool market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In…
What's driving the Solid Carbide Tool Market growth? Key Players are: Mitsubishi …
The worldwide market for Solid Carbide Tool is expected to grow at a CAGR of roughly over the next five years, will reach million US$ in 2024, from million US$ in 2019, according to a new Big Market Research study.
Get Discount Sample @ https://www.bigmarketresearch.com/request-for-discount/3009309?utm_source=SBL
This report focuses on the Solid Carbide Tool in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes…
Global Knurling Tool Market 2018-2025 Aloris Tool, Dorian Tool, Sassatelli
Recently added detailed market study "Global Knurling Tool Market" examines the performance of the Knurling Tool market 2018. It encloses an in-depth Research of the Knurling Tool market state and the competitive landscape globally. This report analyzes the potential of Knurling Tool market in the present and the future prospects from various angles in detail.
The Global Knurling Tool Market 2018 report includes Knurling Tool market Revenue, market Share, Knurling Tool…
