Author: Vikas Kumar
30 July 2022
The Power Tools market is expected to grow at a CAGR of around 5% throughout 2021-2027. This is mainly due to advancements in electric power tools that have revolutionized the way of working, by providing ease and saving time of operation. Thus, the diverse functionality of these tools makes them suitable for use in various applications including professional, residential, and commercial establishments. Moreover, power tools are widely used in various applications such as production and assembly lines, maintenance and repair, packaging, and DIY works. Factors driving the demand for power tools are fastening capability, operational simplicity and efficiency, reduced time and labor requirements, and portability. The expanding number of structures and construction activities, particularly in developing economies, rising the need for an energy-efficient tool to provide comfort and elevate results are escalating the market growth of the power tool market.
For a detailed analysis of the Power Tools Market browse throughhttps://univdatos.com/report/power-tools-market/
Request for a sample of the report browse throughhttps://univdatos.com/get-a-free-sample-form-php/?product_id=23295
For a better understanding of the market adoption of the Power Tools market, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and the rest of North America); Europe (Germany, UK, France Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. APAC is expected to hold the largest growth rate in the global market during the forecast period. One of the major factors driving the growth of the market in the region is the rising road construction and infrastructure activities, especially in emerging economies such as India, Singapore, China, and Japan. Besides, the increasing government initiatives toward enhancing industrial manufacturing facilities and infrastructural development in various countries in APAC are expected to fuel the growth of the market during the forecast period.
Some of the major players operating in the market include Robert bosch tool corporation, DeWalt, Makita Corporation, Milwaukee Tools, Black & Decker, Hitachi, Craftsman, Ryobi, Stihl, Techtronic Industries
Power Tools Market Segmentation
Market Insight, by Mode of Operation
Market Insight, by Tool Type
Market Insight, By Applications
Market Insight, by Region
Top Company Profiles
Get a call back