Global power tools market size is expected to grow at a CAGR close to 6% by 2022

A recent report released by Beige Market Intelligence on “Global Power Tools Market – Strategic Assessment and Forecast 2017-2022” provides an in-depth analysis of the worldwide power tools market. The market research report provides a comprehensive study of the present scenario and growth forecast of the market. The report also includes the market growth drivers, trends, and restraints. It includes the top five vendors in the market.

Scope Of The Report

The market research report provides the analysis of the key segments of the market by equipment type, by type, by end user, by geography by country and by vendors. The market research provides the detailed market revenue of each segment such as

By Equipment Type

Battery Driven
Electric Motor
IC or Hydraulic
Pneumatic
Powder-actuated

By Type

Corded
Cordless

By End-User

Household
Industrial

By Geography

APAC
Europe
Latin America
MEA
North America

By Country

Canada
China
France
Germany
India
Japan
Mea
UK
US

View report here: http://www.beigemarketintelligence.com/reports/research-report-heavy-industry-market/power-tools-market-research-report-2022/

Power Tools Market – Market Size & Dynamics

Analysts at Beige Market Intelligence forecasts the global power tools market to grow at a CAGR closed to 5.9% by 2021. The industry is going to witness a uplift in its market size in terms of revenue. One of the structural factors driving and shaping the market is increased foreign investments and public spending in emerging economies. The increased investments is going to unlock better opportunities for the vendors in the power tools market and hence is going to propel the market growth. Furthermore, better reach of the distribution network of major vendors and the rise in ecommerce are enabling easier and cheaper availability of a wider range of power tools. This is going to boost the growth of the market.

Electric motor driven power tools segment is going to contribute the largest revenue to the global market. Similarly, the corded power tools constitute a major part of the market generating a major chunk of the market revenues. In the end use segment it is expected that the sales of industrial power tools is expected to surpass that of household segment, growing at a CAGR close to 5%. The report provides a detailed analysi of each market segment and includes the revenue and growth forecast till 2021.

View report here: http://www.beigemarketintelligence.com/reports/research-report-heavy-industry-market/power-tools-market-research-report-2022/

Power Tools Market – Trends, Drivers, and Challenges

Product innovation and after-sales service are going to be the key drivers to success of the market. With changing customer preferences, manufacturers have to focus on building competitive advantage other than price and reach. Vendors in order to achieve the same are increasingly investing upon new product development and improvements that can make tools smarter, faster, and convenient to use and which can offer energy savings. Other emerging trends in the market include innovations in DIY tools to drive consumer demand and increased emphasis on organic growth and expansion. The market research report provides a detailed point wise description of all the emerging trends, growth drivers and expected challenges of the market. Shortage of skilled manpower driving automation, battery innovations and the rise of app-enabled technologies and programmable tools are among the key drivers discussed in the report. Price-based competition and operational challenges in developing nations are among the key challenges included in the report.

Order a Free Sample Here: http://www.beigemarketintelligence.com/contactus/request-sample/

Power Tools Market – Geographical Analysis
The report includes the market analysis in different regions such as North America, APAC, Europe, MEA and Latin America. The global power tools market can be cited to be relatively concentrated in certain geographies, especially in the US and Western Europe, whose demand together constitutes as much as 60% of the overall demand. US is the world’s largest market for power tools driven by high degree of mechanization, better availability of range and awareness. It is followed by China. China despite being the second largest market for power tools is the largest manufacturer of the same. Almost all the major vendors in the market have their manufacturing bases at APAC with China, India being the major attractive destinations in lieu of cheaper factors of production and proximity to the growth of the market.

Power Tools Market – Market Share & Key Vendors
This market research report profiles the major companies operating in the market and also provides the competitive landscape of key players. Within the report covers the entire market outlook regarding the value chain operating within the market. The major vendors include

3M
Makita Corporation
Robert Bosch GmbH
Stanley Black & Decker
Techtronic Industries
The other vendors profiled in the report are Apex Tool Group, Atlas Copco, Baier, Craftsman Tools, Dawer Tools, Great Star tools, Hilti Corporation, Hitachi, Snap-on, SKF AB.

Why should you buy this report?

The market research report provides key answers of the following crucial questions related to the power tools market.

How has the market been performing and what are some of the current changes which are expected to change the landscape in the coming years?
What are the various factors that can affect the market and in what way over the next few years?
What are the emerging trends and challenges for the market over the next five years?
What is the market size and market forecast for each product segment?
What is the market size and market forecast for each user type?
Which regions are going to have the largest market share and what are the factors propelling the market growth in that region?
What is the sales growth rate in key geographies?
Which are the key countries and the market size and market forecast in the key countries?
Which companies are the key vendors in the market?
What are the strategies used by the top vendors, and what are the opportunities to grow?
Which companies are the emerging vendors in the market?

About Beige Market Intelligence
About Beige Market Intelligence:
Beige Market Intelligence is new-age provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry. Beige Market Intelligence is a quality driven high end Market Research organization. Our team of experts ensure the analysis you receive is not just analysed and smartly presented, but is completely customized based on the client’s requirement. Our deliverables guarantee our current global client base does not look beyond Beige when it comes to any kind of industry and market analysis.

Beige Market Intelligence
Chinnapannahalli Main Road, Bangalore - 560037

Contact info:
contactus@beigemarketintelligence.com
US: +1 347 903 9949
UK: +44 20 323 99499
APAC: +91 99 012 75473

This release was published on openPR.