Press release
Power Tools Industry Size, Share, Growth Statistics, and Trending Opportunities by 2029 | Robert Bosch GmbH, Stanley Black & Decker, Inc., Hilti Corporation, Atlas Copco Ltd., Makita Corporation
Power Tools Industry
To get a competitive edge in the industry, top suppliers are focusing on providing high-quality, economical, and new technologies employing existing materials. Leading producers compete in terms of price, quality, design, and aftermarket support. The competition is increasing and getting better thanks to technological know-how and investments made through partnerships and agreements.
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Power Tools Industry Size Projections:
The Power Tools Industry in terms of revenue was estimated to be worth USD 25.87 billion in 2021 and is poised to reach USD 35.13 billion by 2029, growing at a CAGR of 4% from 2023-2029 according to a new report by Fortune Business Insights.
Objectives of the Report
To carefully analyze and forecast the size of Power Tools Industry by value and volume.
To estimate the market shares of major segments of the Industry
To highlight the development of the Power Tools Industry in different parts of the world.
To analyze and study micro-markets in terms of their contributions, prospects, and individual growth trends.
To offer precise and useful details about factors affecting revenue growth over the forecast period.
To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Power Tools Industry, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Top Power Tools Industry Size Manufacturers covered in the Market Report include:
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.)
Carborundum Universal Limited (India)
CHERVON (China) Trading Co., Ltd. (China)
ANDREAS STIHL AG & Co. KG (Germany)
Snap-on Incorporated (U.S.)
Apex Tool Group, LLC (U.S.)
YAMABIKO Corporation (Japan)
NINGBO YONGFEITE ELECTRICAL& SCIENCE CO., LTD. (China)
Electric Power Tools (India)
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Power Tools Industry Drives:
Increasing Partnerships &Collaborations among Prominent Companies to Boost Growth
Reputed manufacturers present across the globe are striving to provide better products to end-users. To do so, they are constantly adapting the strategy of partnership and collaboration. It is further enabling them to create novel products for the construction and manufacturing industries. Triax Technologies, Inc., for instance, joined hands with Robert Bosch Tool Corporation in May 2018 to co-develop a tracking solution device for aiding construction companies to track tool and equipment locations. These factors are expected to propel the power tools market growth in the upcoming years. However, persistent price fluctuations of raw materials may obstruct the demand for these tools.
Factors Affecting the Stakeholders of Power Tools Industry (2029):
Power Tool Manufacturers: Power tool manufacturers are the primary stakeholders in the market as they design, develop, and manufacture power tools.
End-users: End-users of power tools include professionals and consumers who use power tools for various tasks such as construction, woodworking, metalworking, and DIY projects.
Retailers: Retailers who sell power tools, such as home improvement stores and online retailers, are important stakeholders in the market. They work closely with manufacturers to provide after-sales support and maintenance services.
Distributors and Dealers: Distributors and dealers are responsible for selling power tools to end-users. They work closely with manufacturers to provide after-sales support and maintenance services.
Government Agencies: Government agencies such as the Occupational Safety and Health Administration (OSHA) and other regulatory bodies are important stakeholders in the power tools market. They set regulations and standards for the design, manufacture, and use of power tools to ensure safety and efficiency.
Industry Associations: Industry associations such as the Power Tool Institute (PTI) are important stakeholders in the power tools market. They represent the interests of manufacturers, retailers, and end-users, and work to promote safety and innovation in the industry.
NOTE: Our team is studying Covid19 and its impact on various industry verticals. The report will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Some of the Key Questions Answered in this Report:
What trends, challenges, and barriers will influence the development and sizing of the global market?
SWOT Analysis of each defined key player along with its profile and Porter's five forces analysis to complement the same.
What is the Power Tools Industry growth momentum or market carriers during the forecast period?
Which region may tap the highest market share in the coming era?
Which application/end-user category or Product Type may seek incremental growth prospects?
What focused approach and constraints are holding the market demand?
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Major Points from Table of Contents
Global Power Tools Industry Research Report 2023-2029
Introduction
The objective of the Study
Definition of the Market
Market Scope
Market Segment by Type, Application, and Marketing Channel
Major Regions Covered (North America, Europe, Asia Pacific, Mid East, and Africa)
Years Considered for the Study
Currency Considered (U.S. Dollar)
Key Findings of the Study
Market Dynamics
Driving Factors for this Market
Factors Challenging the Market
Opportunities of the Global Power Tools Industry (Regions, Growing/Emerging Downstream Market Analysis)
Technological and Market Developments in the Power Tools Industry
Industry News by Region
Regulatory Scenario by Region/Country
Market Investment Scenario Strategic Recommendations Analysis
Value Chain of the Power Tools Industry
Value Chain Status
Upstream Raw Material Analysis
Midstream Major Company Analysis
Distributors/Traders
Downstream Major Customer Analysis (by Region)
Competitive Intelligence Company Profiles
Global Power Tools Industry -Segmentation by Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Future Forecast of the Global Power Tools Industry from 2023-2029
Future Forecast of the Global Power Tools Industry from 2023-2029 Segment by Region
Global Production and Growth Rate Forecast by Type 2023-2029
Global Consumption and Growth Rate Forecast by Application 2023-2029
Appendix
Methodology
Research Data Source
Continued….
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Fortune Business Insights™ Pvt. Ltd.
Email: sales@fortunebusinessinsights.com
Phone: US: +1 424 253 0390, UK: +44 2071 939123, APAC: +91 744 740 1245
Fortune Business Insights™ Delivers Accurate Data and Innovative Corporate Analysis, Helping Organizations of All Sizes Make Appropriate Decisions. We Tailor Novel Solutions for Our Clients, Assisting Them in Address Various Challenges Distinct to Their Businesses. Our Aim Is to Empower Them with Holistic Market Intelligence, Providing A Granular Overview of the Market They Are Operating In.
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