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Electric Power Tools Market Size, Outlook, Share, Segmentation Analysis, and Forecast 2031
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An electric power tool that uses additional power and a mechanism in addition to the manual labor required to operate hand tools. Electric motors are the most used technology behind electric power tools. A lot of people also use compressed air and internal combustion engines.
Factors Influencing Market Growth
The usage of electric power tools for several applications such as drilling, grinding, cutting, and chopping is increasing the adoption of such tools for construction activities. As a result, the increased acceptance of equipment for construction-related tasks fuels market growth.
The increasing use of cordless power tools and the unification of brushless motors into electrically driven equipment is driving the market's expansion.
The higher initial prices of electric power tools compared to pneumatic power tools. Thus, this factor hampers the market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. The lockdown enacted by the government decreased the demand and the production of numerous pieces of equipment. They used to make electric power tools, which hindered the market's expansion. On the other hand, enterprises are progressively returning to their usual levels of production and services. This is anticipated to result in firms restarting at full capacity, which would aid in the market's recovery by the end of 2021.
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Regional Insights
Asia-Pacific dominates the market. The region is expected to develop into a significant industrial center, offering profitable commercial opportunities for the producers of electric power tools. China and India are experiencing a rise in demand for automobiles such as two-wheeler, passenger cars, and commercial vehicles.
Leading Competitors
The leading competitors in the global electric power tools market are:
Apex Tool Group
Atlas Copco AB
C&E Fein GmbH
Hilti Corporation
Ingersoll Rand Inc
Koki Holding Co Ltd
Makita Corporation
Robert Bosch GmbH
Stanley Black & Decker Inc
Snap-On Incorporated
Techtronic Industries Co Ltd
Others
Segmentation Analysis
The global electric power tools market segmentation focuses on Tools, Motor Type, Application and Region.
Segmentation based on Tools
Drills
Impact Wrenches
Hammers
Saws
Lawn Mowers
Vacuum Cleaners
Others
Segmentation based on Motor Type
Brushed
Brushless
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Segmentation based on Application
Industrial
DIY
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Electric Power Tools Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Electric Power Tools market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Electric Power Tools Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Electric Power Tools market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Electric Power Tools market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Electric Power Tools market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Electric Power Tools market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Electric Power Tools business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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