Press release
Power Tools Market Recent Trends, In-depth Analysis, Market Size Research Report Forecast up to 2025
Power tools finds application in construction activities, housework such cooking, cleaning, cutting, drilling, painting, routing, and others. Currently, growth of the power tools market is primarily driven by increasing investment in household works, rising automotive sales, and increasing urbanization. Investment in household work consist of rising DIY activities such as gardening and household repairing work.
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Major players are also focusing in development of power tools aiming to cater to the demand of DIY users.Based on region, U.S. is expected to hold the largest market share in the global power tools market with India and China being few of the fastest growing countries.
One of the major trend identified in this market is the increase in customer preference for cordless power tools. Cordless segment is primarily benefiting from the performance advantages in comparison to plug in segment of tools. Also, power tools seems to replace the demand for hand tools but not in every segment of use. Hand tools still finds appealing due to increased durability of products which decrease the replacement demand thus inhibiting the growth of the market. .
The objectives of this report are as follows:
- To provide overview of the global Power Tools market
- To analyze and forecast the global Power Tools market on the basis of product type, end - use and sales - channel.
- To provide market size and forecast till 2025 for overall Power Tools market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub - segmented across respective major countries.
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
- To provide exhaustive PEST analysis for all five regions.
- To profiles key Power Tools players influencing the market along with their SWOT analysis and market strategies.
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Some of the important players in Power Tools market are Stanley Black & Decker, Inc., Atlas Copco AB, Robert Bosch GmbH, Techtronic Industries Company Limited, Danaher Corporation, Makita Corporation, Snap - on Incorporated, Actuant Corporation, Hitachi Koki Co. Ltd, and SKF.
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Power Tools Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Power Tools Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact info:
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