Latest published report by fortune business insights titled “Power Tools Market Research Report by 2024?. This report provides an in-depth analysis of the power tools industry, providing information about its current state. It assesses and verifies critical market metrics such as CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and annual growth. This analysis, using both advanced primary and secondary research methods.

Power Tools Market Size, Share & COVID-19 Impact Analysis, By Mode of Operation (Electric, Pneumatic and Others), By Tool Type (Drilling & Fastening Tools, Material Removal Tools, Sawing & Cutting Tools, Demolition Tools, and Others), By Application (DIY and Industrial) and Regional Forecast, 2023-2030

Market Overview:

The global power tools market size was valued at USD 26.61 billion in 2022 and is projected to grow from USD 27.51 billion in 2023 to USD 36.82 billion by 2030, exhibiting a CAGR of 4.3% during the forecast period. The Asia-Pacific dominated the power tools industry with a market share of 35.43% in 2022.

The purpose of this report is to provide market and strategic insights to help decision-makers make informed investment decisions and identify potential gaps and growth opportunities. The Power Tools Market report provides a thorough overview of marketing strategies, allowing leading players to make informed decisions. Report provides depth analysis of power tools industry this analysis, using both advanced primary and secondary research methods, includes:

  • Company Profiles: Learn about major companies’ markets, production capacity, revenues, market shares, recent innovations, and gross profit margins.
  • Examine market dynamics: including drivers, constraints, opportunities, influencers, challenges, and trends.

Power Tools Market Key Players:

  • Robert Bosch GmbH (Germany)
  • Stanley, Black & Decker, Inc. (U.S.)
  • Hilti Corporation (Liechtenstein)
  • Atlas Copco AB (Sweden)
  • Makita Corporation (Japan)
  • Emerson Electric Co. (U.S.)
  • Hitachi Koki Ltd. (Japan)
  • Ingersoll Rand (U.S.)
  • Techtronic Industries Co. Ltd. (Hong Kong)
  • Enerpac Tool Group (U.S.)

Power Tools Market Drivers:

  • Technological Innovations: Advances in battery technology, automation, and smart features enhance the performance and capabilities of power tools.
  • Growth in Construction and Renovation Activities: Increasing demand for residential and commercial construction and renovation projects drives the need for advanced power tools.
  • DIY and Home Improvement Trends: The rising popularity of DIY projects and home improvement activities boosts the demand for consumer-grade power tools.
  • Focus on Efficiency and Productivity: The need for faster, more efficient, and reliable tools to improve work productivity and reduce manual effort drives market growth.
  • Expansion of Industrial and Manufacturing Sectors: Growth in industrial and manufacturing sectors necessitates high-performance power tools for various applications and maintenance tasks.

Reasons to Buy This Report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the Power Tools Market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the power tools industry. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Insights:

  • North America (By Mode of Operation, Tool Type, Application, and Country)
    • U.S. (By Mode of Operation)
    • Canada (By Mode of Operation)
  • Europe (By Mode of Operation, Tool Type, Application, and Country)
    • Germany (By Mode of Operation)
    • U.K. (By Mode of Operation)
    • France (By Mode of Operation)
    • Rest of Europe
  • Asia Pacific (By Mode of Operation, Tool Type, Application, and Country)
    • China (By Mode of Operation)
    • India (By Mode of Operation)
    • Japan (By Mode of Operation)
    • Southeast Asia (By Mode of Operation)
    • Rest of Asia Pacific
  • Middle East & Africa (By Mode of Operation, Tool Type, Application, and Country)
    • South Africa (By Mode of Operation)
    • GCC (By Mode of Operation)
    • Rest of the Middle East & Africa
  • Latin America (By Mode of Operation, Tool Type, Application, and Country)
    • Brazil (By Mode of Operation)
    • Mexico (By Mode of Operation)
    • Rest of Latin America

Key Industry Developments

  • Makita UK extended its outdoor power tools segment with its advanced ‘XGT 40VMax machines’. It includes UR002G 40VMax Cutter and 40VMax Hedge Trimmer that are brushless.
  • Makita Corporation introduced an advanced nailer named 18 Gauge 2” Brad Nailer (AF506). It is a battery-operated power tool with better ergonomics. It can be used on hard and soft wooden surfaces.
  • Hilti Corporation announced an expansion of its rotary hammer segment and combination portfolio with an introduction ‘TE 70-ATC/AVR’, the powerful SDS-Max-Combination Hammer. The newly presented tool delivers ~40% sooner concrete drilling.
  • Robert Bosch GmbH introduced cult screwdriver ‘Ixo Classic’ that is utilized for precise screwdriving on sensitive materials. 30% shorter charging time attributed to the electronic updates results in re-use of this tool within two hours.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Power Tools Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Merger, Acquisitions, and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC Continued…!

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