Power Tools Market, By Mode of Operation (Electric Power Tools, Pneumatic Power Tools), By Applicati

Published Date: | Report Code : EQ2058731

X

Market Dynamics:

The growth of the Global Power Tools Market has increased, owing to a rising trend of automation allowing enhanced returns on investments and cost-efficiency. According to the European Power Tool Association (EPTA), in 2018, the cordless power tools segment accounted for half of the power tools market and is the fastest-growing business segment in Europe. In that, lithium-ion batteries provide longer operational life and higher energy density to power tools.

A power tool is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. Using power tools simplifies human work reduces the burden of repetitive tasks and reduces the possibility of human errors and injury. It has advantages over other tools such as high speed, more effective and high efficiency.

Key Factor:

    • The increasing trend of automation enabling enhanced returns on investments and cost optimization.
    • Technological development increased the productivity of production.
    • The rise in middle-class income and the young population are resulting in the growth of the market.

Key Developments:

    • Aug 2019, Bosch launched cordless power tools with a lithium-ion battery for long time operation.
    • Oct 2018, Milwaukee Electric Tool Corporation is a subsidiary of Techtronic Industries Co. Ltd. has announced the acquisition of the Imperial Blades business based in Sun Prairie, Wisconsin for use on oscillating multi-tools.
    • Sep 2018, Craftsman brand re-launches with a full system of tools, accessories, and equipment.

Regional Outlook:

Geographically, the power tools market is analyzed across various regions such as North America, Western Europe, Asia-Pacific, Middle East and the Rest of the world. In North America and Western Europe are expected to dominate the global market due to significant growth in motor vehicle production & repair, construction, and manufacturing industries.

The Asia Pacific is the key market for power tools. The market in this region is expected to grow at the fastest rate during the forecast year. Some of the major driving factors driving the market growth such as rising urbanization, growing manufacturing industry, and increasing automotive sales. Some of the major countries such as China, India are witnessing a significant contribution to GDP growth.

Companies Covered: Stanley Black & Decker, Robert Bosch, Techtronic Industries, Atlas Copco, Makita Corporation, Hilti Corporation, Concept Laser GmbH, 3D Systems Corporation, Envision TEC, Stratasys Ltd, Arcam AB, Cyfuse Biomedical K.K., Organovo Holdings Inc., EOS GmbH, FabRx Ltd., Materialise NV

Market Segmentation:

By Mode of operation

    • Electric power tools
      • Drills
      • Grinder
      • Chippers
      • Others
    • Pneumatic power tools

Electric Power Tools by Power Source

    • Corded electric power tools
    • Cordless electric power tools

By Application

    • Industrial
      • Automotive
      • Construction
      • Aerospace
      • Energy
      • Shipbuilding
      • Others
    • Residential/DIY

By Region:

    • North America
      • By Country (US, Canada, Mexico)
      • By Mode of Operation
      • By Power Source
      • By Application
    • Western Europe
      • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
      • By Mode of Operation
      • By Power Source
      • By Application
    • Eastern Europe
      • By Country (Russia, Turkey, Rest of Eastern Europe)
      • By Mode of Operation
      • By Power Source
      • By Application
    • Asia Pacific
      • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
      • By Mode of Operation
      • By Power Source
      • By Application
    • Middle East
      • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
      • By Mode of Operation
      • By Power Source
      • By Application
    • Rest of the World
      • By Region (South America, Africa)
      • By Mode of Operation
      • By Power Source
      • By Application

Reasons to Buy This Report:

    • Market size estimation of the power tools market on a regional and global basis
    • Unique research Usage for market size estimation and forecast
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

    • By Segment
    • By Sub-segment
    • By Region/Country

For more information, contact: [email protected]

 

 

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

Get Regional Report USD 2000 Only

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy