Power Tools Market|Industry Trends|Market Insights|Market Forecast to 2026
The Global Power Tools market expected to reach $XX billion by 2026, at a CAGR of over 5% during the forecast period.
(EMAILWIRE.COM, October 22, 2019 ) Market Overview:
A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. A pneumatic tool, air tool, air-powered tool or pneumatic-powered tool is a type of power tool, driven by compressed air supplied by an air compressor. Pneumatic tools can also be driven by compressed carbon dioxide (CO2) stored in small cylinders allowing for portability.
Market Dynamics:
The Power Tools Market growth is primarily driven by growth of smart technologies and development of low-cost & energy-efficient tools coupled with rising demand of automation has revolutionized the adoption of power tools technology. In addition, factors such as rising demand for fastening tools in industrial environments and growing construction industry in emerging economies is expected to fuel growth in the Power Tools Market over the forecast period.
For instance, The Brazilian government announced at the end of 2017 an investment of approximately US$36 billion to resume 7,000 construction projects. Moreover, increasing urbanization is further expected to boost market growth in coming years.
Download Free Sample Report: https://www.datamintelligence.com/download-sample/power-tools-market
Market Segmentation:
By tool type, the Power Tools Market is segmented into drilling and fastening tools, demolition tools, sawing and cutting tools, material removal tools, routing tools, and others. In 2018, material removal tool segment witnessed highest CAGR than other segments in the global market and expected to continue to grow at similar pace over the forecast period.
By mode of operation, the Power Tools Market is segmented into electric, pneumatic, and others. In 2018, electric tools segment accounted for the majority share in the global market.
Geographical Analysis:
By geography, the market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
In 2018, North America and Asia-Pacific together accounted for more than 3/5th market share in the Power Tools Market. The broad market share of the Asia-Pacific region can be attributed to the high growth in the construction industry in countries like China, Japan, Republic of Korea, and India. The power tools market in this region is expected to grow at the fastest rate during the forecast period. Rising urbanization, growing manufacturing industry, and increasing automotive sales in this region are the key factors fueling the growth of the market in APAC. China and India are the major countries in APAC that are witnessing significant growth in GDP.
Competitive Analysis:
Some major players in the market are Stanley Black & Decker, Apex Tool Group, Makita, Robert Bosch, Techtronic Industries, Husqvarna AB, Emerson Electric Co., Koki Holdings Co., Ltd., Hilti Corporation, Panasonic, Mafell AG, and among others.
View Full Report Summary: https://www.datamintelligence.com/research-report/power-tools-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. A pneumatic tool, air tool, air-powered tool or pneumatic-powered tool is a type of power tool, driven by compressed air supplied by an air compressor. Pneumatic tools can also be driven by compressed carbon dioxide (CO2) stored in small cylinders allowing for portability.
Market Dynamics:
The Power Tools Market growth is primarily driven by growth of smart technologies and development of low-cost & energy-efficient tools coupled with rising demand of automation has revolutionized the adoption of power tools technology. In addition, factors such as rising demand for fastening tools in industrial environments and growing construction industry in emerging economies is expected to fuel growth in the Power Tools Market over the forecast period.
For instance, The Brazilian government announced at the end of 2017 an investment of approximately US$36 billion to resume 7,000 construction projects. Moreover, increasing urbanization is further expected to boost market growth in coming years.
Download Free Sample Report: https://www.datamintelligence.com/download-sample/power-tools-market
Market Segmentation:
By tool type, the Power Tools Market is segmented into drilling and fastening tools, demolition tools, sawing and cutting tools, material removal tools, routing tools, and others. In 2018, material removal tool segment witnessed highest CAGR than other segments in the global market and expected to continue to grow at similar pace over the forecast period.
By mode of operation, the Power Tools Market is segmented into electric, pneumatic, and others. In 2018, electric tools segment accounted for the majority share in the global market.
Geographical Analysis:
By geography, the market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
In 2018, North America and Asia-Pacific together accounted for more than 3/5th market share in the Power Tools Market. The broad market share of the Asia-Pacific region can be attributed to the high growth in the construction industry in countries like China, Japan, Republic of Korea, and India. The power tools market in this region is expected to grow at the fastest rate during the forecast period. Rising urbanization, growing manufacturing industry, and increasing automotive sales in this region are the key factors fueling the growth of the market in APAC. China and India are the major countries in APAC that are witnessing significant growth in GDP.
Competitive Analysis:
Some major players in the market are Stanley Black & Decker, Apex Tool Group, Makita, Robert Bosch, Techtronic Industries, Husqvarna AB, Emerson Electric Co., Koki Holdings Co., Ltd., Hilti Corporation, Panasonic, Mafell AG, and among others.
View Full Report Summary: https://www.datamintelligence.com/research-report/power-tools-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results