Power Tools Market Expects Growing Popularity of Do-It-Yourself Videos To Boost Future Demand For Home Tools - MarketIntelRe...
March 25 2017 - 4:30PM
The report “
Power Tools Market by Mode of Operation
(Electric, Pneumatic, and Others) and by End User (Residential and
Non-residential) - Global Opportunity Analysis and Industry
Forecasts, 2014-2022”, available on MarketIntelReports,
estimates that the market will register a healthy CAGR of 5.4% till
2022.
Browse numerous Market Tables as well as Figures which are
spread through 130 Pages and an in-depth TOC on the “Power
Tools Market 2014 - 2022”
http://www.marketintelreports.com/report/allied0583/power-tools-market-by-mode-of-operation-electric-pneumatic-and-others-and-by-end-user-residential-and-nonresidential--global-opportunity-analysis-and-industry-forecasts-20142022
Scope & Regional Forecast of the Power Tools
Market
Power tools are the tools and mechanical devices that operate on
an external power such as electricity, battery, or compressed air.
These tools include handheld machine drills, hydraulic presses, and
gas tools among others. They are used for variety of applications
such as production, packaging, assembly, and maintenance operations
such as drilling, screw driving, chiseling, and sanding. The global
market is expected to reach $39,639 million by 2022, registering a
CAGR of 5.4% during the forecast period (2014-2022).
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The world power tools market is driven by rapid
industrialization in developed and developing countries, increase
in housing investments, rising urbanization, and growth in
automotive sales. Moreover, the demand for power tools has
increased due to do-it-yourself (DIY) techniques among household
consumers. The demand for battery-driven cordless tools, change in
lifestyle, and increase in per capita income in emerging economies
fuel the adoption of DIY techniques, which boosts the market
growth. Improvements in cordless battery technology such as the use
of lithium-ion battery for longer battery time as compared to
nickel-cadmium battery have increased the power and operating time
of cordless tools.
Stringent regulatory compliances for cordless tools and
decreasing prices of electric power tools drive the growth of power
tools market. The European Union has banned the use of
nickel-cadmium for cordless power tools due to toxic leakage of
cadmium from batteries. The law is expected to be implemented from
December 2016, and this law enforcement is expected to increase the
demand for cordless, battery-operated power tools as lithium-ion
batteries are cost-effective and lightweight in nature. However,
unstable economic situation in the Middle East countries, decline
in construction activities in China, and mounting maintenance cost
of power tools could impede the demand for these tools in the
market.
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Prominent Segmentations Involved in the Power Tools
Market
The Power Tools Market can be broken down into various
segmentations on the basis of -
- Mode of Operation: Electric Power Tools,
Pneumatic Power Tools and Others.
- Power Source: Corded Electric Power Tools and
Cordless Electric Power Tools.
- End User: Residential and
Non-residential.
- Geographical Location: North America, Europe,
Asia-Pacific and LAMEA.
Some of the sample companies profiled in the Power Tools
Market report are as follows:
- Stanley Black & Decker, Inc.
- Robert Bosch GmbH
- Makita Corporation
- Techtronic Industries Co. Ltd.
- Actuant Corporation
- Emerson Electric Co.
- Hilti Corporation
- Atlas Copco AB
Why buy this report?
- Get a detailed picture of the Power Tools Market.
- Pinpoint growth sectors and identify factors driving
change.
- Understand the competitive environment, the market’s major
players and leading brands.
- A five-year forecast method is used in order to assess how the
market is predicted to develop.
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