Power Tools Market growing due to Importance of Asset Management in Industry

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Power Tools Market 
Global Opportunity Analysis and Industry
Forecasts, 2014 - 2022
Published Date Nov 2016
No of Pages 130
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Power Tools Market Scenario

• Power Tools Market report, published by Allied
  Market Research, forecasts that the global market
  is expected to garner 39,639 million by 2022,
  registering a CAGR of 5.4 during the forecast
  period 2016 to 2022.
• In the year 2015, electric power tools segment
  dominated the global market with more than 69
  share in terms of revenue.
• North America accounted for more than one-third
  share of the global power tools market in 2015.
• The presence of key market players in the U.S.
  and upsurge in construction activities especially
  in residential sector have fueled the market
  growth.

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Power Tools Market Scenario

• Power tools have emerged as an ideal alternative
  to traditional hand tools, owing to their
  efficiency, convenience, cost-effectiveness, and
  flexibility.
• Increase in housing investment, steady growth of
  the automotive industry, and growth in demand
  from manufacturing and logistics industries are
  expected to fuel the market growth.
• Recovery in housing sectors in North America and
  China and rising demand for vehicles in Asian and
  Middle-East countries are projected to fuel the
  demand for power tools in the near future.
• However, increasing prices of electricity and
  presence of domestic manufacturers which provide
  low-priced power tools could pose challenges to
  the market growth.

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Power Tools Market Key Segments

• Power Tools by Mode of Operation
• Electric Power Tools
• Drills
• Grinders
• Chippers
• Others
• Pneumatic Power Tools
• Others
• Electric Power Tools by Power Source
• Corded Electric Power Tools
• Cordless Electric Power Tools

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Power Tools Market is further bifurcated based on

• Among end users, non-residential users are
  expected to be the key consumers of power tools.
  Growing construction, manufacturing, and
  aerospace industries in the developing nations
  demand for technologically advanced and
  innovative power tool design, thereby
  supplementing the non-residential sector market
  growth.
• However, residential end user segment is expected
  to grow at a fastest rate during the forecast
  period.
• Among different electric power tools available in
  the market, drills accounted for the highest
  share, owing to their extensive usage in both
  household and commercial sectors.
• Asia-Pacific is projected to be the fastest
  growing regional market during the forecast
  period due to higher adoption of power tools over
  hand tools in various industries and extensive
  growth in countries such as China and India.

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Top Impacting Factors in Power Tools Market
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Key Benefits

• Pneumatic power tools segment is expected to
  witness significant growth in the power tools
  market due to the growing adoption of this
  technology in the construction industry.
• North America is projected to exhibit a notable
  growth during the forecast period, owing to the
  upsurge in demand for power tools in automotive
  industries based out in the U.S. and Canada.
• The growth of the electric power tool segment is
  attributed to the increase in demand for
  advancements in battery technologies and upsurge
  infrastructural developments in the developing
  countries.
• The U.S. dominates the North American power tools
  market, contributing about 79 share of the
  market in 2015.

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Power Tools Market By Geography
North America, Europe, Asia Pacific, LAMEA
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Key Players Operating in Power Tools Market

1. Stanley Black Decker Inc.
2. Atlas Copco AB
3. Robert Bosch GmbH
4. Techtronic Industries Co. Limited
5. Actuant Corporation
6. Makita Corporation
7. Danaher Corporation
8. Emerson Electric Co.
9. Hitachi Koki Co. Ltd.
10. Hilti Corporation

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