openPR Logo
Press release

Power Tools Global Market Technology, Trends, Analysis, Growth Rate, Demand, Report, Outlook and Industry Forecast 2014-2022

02-22-2017 07:08 PM CET | IT, New Media & Software

Press release from: Research beam market research

Power Tools Global Market Technology, Trends, Analysis, Growth

Research study says global market is expected to reach $39,639 million by 2022, registering a CAGR of 5.4% during the forecast period (2016-2022), Ask for Sample@

Recent research added report on “Global Power Tools Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Power Tools Market by Mode of Operation (Electric, Pneumatic, and Others) and by End User (Residential and Non-residential) - Global Opportunity Analysis and Industry Forecasts, 2014-2022”

Power tools are the tools and mechanical devices that operate on an external power such as electricity, battery, or compressed air. These tools include handheld machine drills, hydraulic presses, and gas tools among others. They are used for variety of applications such as production, packaging, assembly, and maintenance operations such as drilling, screw driving, chiseling, and sanding.

The world power tools market is driven by rapid industrialization in developed and developing countries, increase in housing investments, rising urbanization, and growth in automotive sales. Moreover, the demand for power tools has increased due to do-it-yourself (DIY) techniques among household consumers. The demand for battery-driven cordless tools, change in lifestyle, and increase in per capita income in emerging economies fuel the adoption of DIY techniques, which boosts the market growth. Improvements in cordless battery technology such as the use of lithium-ion battery for longer battery time as compared to nickel-cadmium battery have increased the power and operating time of cordless tools.

Read More@

Leading market players have developed power tools for different segments to cater to their increasing demand in the construction and manufacturing industries. Product launch is a prominent strategy adopted by key players in this market. For instance, in September 2016, Robert Bosch Tool Corporation (NA) launched 18V Brute Tough drill & hammer drill/drivers featuring KickBack Control. This device was designed for the construction and automotive industry professionals to facilitate automatic drilling operation for a broad range of high torque bits.

Stringent regulatory compliances for cordless tools and decreasing prices of electric power tools drive the growth of power tools market. The European Union has banned the use of nickel-cadmium for cordless power tools due to toxic leakage of cadmium from batteries. The law is expected to be implemented from December 2016, and this law enforcement is expected to increase the demand for cordless, battery-operated power tools as lithium-ion batteries are cost-effective and lightweight in nature. However, unstable economic situation in the Middle East countries, decline in construction activities in China, and mounting maintenance cost of power tools could impede the demand for these tools in the market.

The market is segmented based on mode of operation, end user, and geography. Based on the mode of operation, the market is categorized into electric power tools, pneumatic power tools, and others. Electric power tools segment is further segmented into power tools by product type and power source. The power source segment includes corded and cordless electric tools, whereas drills, grinders, chippers, and others are included in the product type segment. Electric and pneumatic power tools segments jointly accounted for more than 82% market share in 2015. The gradual recovery of manufacturing industry from economic slowdown and upsurge in construction activities in the Asia-Pacific region have fueled the demand for electric power tools in the industrial sector.

Ask for Discount@

Based on end user, the market is segmented into residential and non-residential users. Residential users segment is expected to grow at the highest CAGR of 5.9% due to increase in demand for DIY techniques among household consumers. Construction, manufacturing, automotive, aerospace, and logistics industries are categorized under non-residential users.

The market is segmented based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA along with their respective countries. North America is expected to dominate the global market during the analysis period due to significant growth of construction, manufacturing, and automotive industries. The market in the Asia-Pacific region is expected to grow at a significant rate due to increase in popularity of DIY techniques, low product penetration, investments in infrastructural developments and increase in disposable incomes in this region. During last decade, India spent one-ninth share of its GDP on infrastructural development activities, and this share is expected to rise during the forecast period. This is expected to drive the demand for power tools in India. The key players profiled in this report include Stanley Black & Decker Inc., Atlas Copco AB, Robert Bosch GmbH, Techtronic Industries Company Limited, Actuant Corporation, Makita Corporation, Danaher Corporation, Emerson Electric Co., Hitachi Koki Co. Ltd., and Hilti Corporation.

This report provides an in-depth analysis of the global power tools market to understand the potential investment pockets.
The report outlines the current trends and future scenarios to determine the overall market potential and identify profitable trends to gain stronger foothold in the market.
This report includes information regarding key drivers, restraints, and opportunities along with their detailed impact analysis.
The report offers quantitative analysis of the market for the period of 2014-2022 to understand the financial competency of the market.
Porter’s Five Forces model highlights the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of suppliers operating in the market.
Value chain analysis provides a clear understanding on the roles of stakeholders involved.

With the arsenal of different search reports, Research Beam helps you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency. With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.

5933 NE Win Sivers Drive, #205, Portland, OR 97220

This release was published on openPR.

Permanent link to this press release:

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 Global Market Technology, Trends, Analysis, Growth Rate, Demand, Report, Outlook and Industry Forecast 2014-2022 here

News-ID: 445971 • Views: 586

More Releases from Research beam market research

Smart Solar Power Global Market Growing and Trending In coming Years Across the …
Research study says global Smart Solar Power market is estimated to growing during the analysis period, Enquire About Report@ Recent research added report on“Worldwide Smart Solar Power Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Global Smart Solar Power Market (Components, Solutions, Services, End users and Geography) Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020” Solar power refers to
Emerging Healthcare Supply Chain Management Market Globally - Industry Technolog …
Latest research study says Healthcare Supply Chain Management market registering a growth during the forecast period, Enquire About Report @ Deep research on “Global Healthcare Supply Chain Management Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Healthcare Supply Chain Management Market by Software (Supplier Management Software, Transportation Software and Procurement Software), Hardware (System, Barcode and RFID), Delivery Model (On premise, Cloud based and Web based) - Global Opportunity
Emerging Data Center Cooling Market is expected to garner $11.65 billion by 2020 …
Research study says global Data Center Cooling Market is expected to garner $11.65 billion by 2020, registering a CAGR of 13.17% during the forecast period 2014-2020, Request Sample Copy @ Research Beam added report on “World Data Center Cooling Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Data Center Cooling Market by Solution (Precision air conditioner, Precision air handling unit, Market by Component, Chiller and Air Conditioner)
Parcel Delivery Sales Industry - Size, Share, Analysis, Growth and Demand
Research Beam has added a report, titled, “Global Parcel Delivery Sales Market Research Report 2017.” The report offers a comprehensive information and analysis of production, consumption, revenue, key manufacturers, drivers & opportunities, and competitive landscape. In addition, current market status and growth prospects are discussed along with detailed analysis of each segment for the historic period, 2011–2016 and the forecast period, 2016–2021. The report offers deep insights on marketing channels,

All 5 Releases

More Releases for Power

Brisbane Power Electricians
Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and surrounds. We provide unparalleled 24 hour emergency electrical services to homes and businesses. Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and
Biogas Power Plants Market
This report studies the global Biogas Power Plants market, analyzes and researches the Biogas Power Plants development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Wartsila FI Air Liquide FR EnviTec Biogas AG DE Scandinavian Biogas SE PlanET Biogas Global DE Gasum Oy FI Ameresco, Inc US Agrinz Technologies AT? SP Renewable Energy Sources IN Beijing Sanyi Green Energy Development CN? Quadrogen CA IES BIOGAS IT? Biofuel
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: If you are involved in
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Kuwait Power Market to have Surplus Power
Electricity plays a major role in the development of a region, and the electricity generation, transmission and distribution infrastructure serves as a measure of progress in the region. Energy in the form of electricity has become an indispensable part of our everyday lives. Nowadays, power generation uses a variety of sources ranging from fossil fuels like coal and oil, to renewable sources like wind and solar. The energy mix for
Connectivity for power-applications
Halver, 18 June 2015 – At the SPS IPC Drives 2014 in Nuremberg, the connector- and housing specialist ESCHA presented connectivity for power applications. The 4-pole M12x1 connectors are predestinated for power transmission and are available as of now. With the newly developed products identified as ‘Power S‘ or ‘Power T‘, ESCHA offers a consistent- and a qualitatively high-grade M12x1-connectivity portfolio for sensors-, data-, and power supply. The trend moves towards