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

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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. Download free sample at: – PowerPoint PPT presentation

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


1
Power Tools Market 
Global Opportunity Analysis and Industry
Forecasts, 2014 - 2022
Published Date Nov 2016
No of Pages 130
2
 
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.

3
 
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.

4
 
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

5
 
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.

6
 
Top Impacting Factors in Power Tools Market
7
 
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.

8
 
Power Tools Market By Geography
North America, Europe, Asia Pacific, LAMEA
9
 
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

10
 
Thank You! For More Details
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https//www.alliedmarketresearch.com/power-tools-m
arket
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