The power tools market is likely to grow rapidly over the estimated timeframe, owing to the flourishing construction industry sector, mainly in emerging nations. The rapid urbanization and industrialization are anticipated to further fuel this market’s in the future. The ongoing trend of constructing smart buildings and infrastructures in cities of the emerging nations, such as India, China, and Brazil, is also projected to propel the power tools market growth and development in the years ahead. The increasing automation requirements among various industry verticals have led to a rapid shift from hand tools to power tools, as power tools offer durability, better performance, precision, time efficiency, etc. This, in turn, is also likely to foster the power tools market in the upcoming years. Additionally, owing to technological advancements, the development of cost-effective and energy-efficient tools is expected to positively influence the market in the future. However, the unstable economic condition may hinder the market’s growth and development in the upcoming years.
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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.
The study provides a decisive view of the power tools market by segmenting the market based on mode, tool type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2024. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players of the global power tools market are Bosch, Stanley Black & Decker, Hilti, TTI, Hitachi Koki, Festool (TTS), Snap-on, Husqvarna, Interskol, Makita, Du, Baier, Collomix, Metabo
Electric type,Pneumatic type,Engine driver type,Hydraulic type,Powder-actuated type
Residential Applications, Construction Field, Industry Field, Gardening Field
Countries Coverage: Worldwide – the report contains statistical data for 200 countries and includes comprehensive profiles of the 50 largest consuming countries (United States, China,Italy, India, Canada,Australia, Republic of Korea, Japan, Germany, United Kingdom, France, Brazil, Russian Federation, Spain, Mexico, Indonesia, Colombia, Switzerland, Sweden,Netherlands, Turkey, Saudi Arabia, United Arab Emirates, Belgium, Argentina, Norway,Nigeria, Poland, Austria, Malaysia, Israel, Singapore, Thailand, Denmark, South Africa, Egypt, Philippines, Finland, Chile, Portugal, Kazakhstan, Algeria, Ireland, Pakistan, Czech Republic, Vietnam,Qatar, Peru, Romania, Greece) + the largest producing countries.
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