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Power and Hand Tools Market to Perceive Substantial Growth by 2020
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North America is the largest market of power and hand tools. Growing economy in developing countries of Asia Pacific region stimulate consumer spending activity on construction of residential and non-residential building. This creates the demand of various power and hand tools. Introduction of innovative tools such as cordless saws and drill machine, further boost the market of power and hand tools. Western Europe is the fastest growing region in Europe and it is expected to hold one forth market in near future. Growing industry in European countries helps to drives the power and hand tools market.
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Some of the major companies operating in global power and hand tools are Actuant Corporation, AIMCO Corporation, Allied Trade Group (ATG) Stores, Alltrade Tools LLC, AMES Companies, Ancor, Apex Tool Group LLC, Atlas Copco AB, Black & Decker, Stanley Black & Decker, Bosch (Robert) GmbH, Channellock Incorporated, Chervon Holdings Limited, Chicago Pneumatic Tool, Danaher Corporation, Daniels Manufacturing Corporation, Del City Wire, DEPRAG-Schulz GmbH and Company, DeWALT Industrial Tools and E&R Industrial Sales.
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Power tools consist of varieties of tools, which added with some additional power to perform certain task. Electric motor is the most common types of power tools. Some example of the power tools are drill machine, circular saw, crusher, heat gun, disc sander, jackhammer, angle grinder, nail gun, wall chaser and wood router. Hand tools are operated by hand only and not by any electric machine. Some of the hand tools are hammers, garden forks, rakes, secateurs, spanners, screwdrivers, pliers, wrenches, clamps, hook cutter, plumbing tools and chisels. Hand tools are generally less dangerous than power tools.
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