Compact Power Equipment Rental Market
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Global <strong>Compact</strong> <strong>Power</strong><br />
<strong>Equipment</strong> <strong>Rental</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2014-2020<br />
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Report Description<br />
<strong>Compact</strong> power equipment includes all tools required for lighter construction jobs. The<br />
equipment is small in size and used in developing products with more ease and<br />
convenience. These compact power tools are of several types, such as engine-driven<br />
power tools, electric power tools and pneumatic power tools. They are used for various<br />
operations, such as drilling, polishing, woodwork routing and screw driving.<br />
<strong>Compact</strong> tools are primarily used for construction related jobs. These tools are used at<br />
construction sites for activities like drilling, hammering, cutting, grinding, washing and<br />
blowing of the equipment’s. <strong>Compact</strong> power tools are light-weighted, small in size, easy<br />
to handle and transport. However, they are more complex to handle than the commonly<br />
used hand tools, requires skilled labour, and regular maintenance to avoid tool wear.<br />
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Global compact power tools rental market is expected to grow at a steady rate, as the<br />
demand for power tools are on the rise in developing countries. Drivers responsible for<br />
the growth of power tools rental market include an increasing demand for fast<br />
accomplishment of projects and increasing infrastructural development activities at<br />
developing regions like Asia, where construction companies rent the tools from power<br />
tool companies as they cannot afford to invest in power equipment. The challenges<br />
ahead include continuous maintenance and high cost of equipment. Many a time, clients
Report Description<br />
Report Description<br />
who borrow equipment from companies, damage the tools, which is also a major concern<br />
for the power tool rental market.<br />
Segmentation of compact power tools market is done on the basis of types and<br />
geography. <strong>Compact</strong> tools are of various types like electric power tools, engine-driven<br />
power tools and pneumatic power tools. Wherein electric power tool includes cordless<br />
tools, drilling & demolition, screw-fastening tools, direct fastening tools,<br />
cutting/sawing/grinding tools, dust extractors, glue and heat guns, high pressure washers<br />
and blowers . Key geographic segments for compact power tools market include North<br />
America, Latin America, Asia-Pacific and EMEA (Europe, the Middle East & Africa) region.<br />
Asia-Pacific is the most prominent region for compact power tools companies owing to<br />
increasing construction and infrastructural development activities in countries like India,<br />
Japan and China.<br />
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Key trends in compact power tools market are an increasing competition from Chinese<br />
manufacturers as Chinese vendors are penetrating this market with their tools with<br />
competitive prices as compared to other vendors.<br />
•Of the many players in the compact power tools market, Makita Corporation, Bosch,<br />
Stanley Black & Decker and Techtronic Industries are the dominant leaders. Other<br />
important players include Hilti Group, Panasonic Corporation, Emerson Electric Company,<br />
Snap-on Inc., etc. Mergers & acquisitions of key players provide opportunity to expand<br />
their product portfolio. In North America, Bosch acquired SPX Corporation’s Service
Report Description<br />
Solution business which manufactures, develops and sells service equipment and repairs<br />
workshop accessories. In Europe, Techtronic Industries acquired Ryobi’s power tools<br />
business and Royal Appliance Manufacturing Company, a market leader in North America<br />
which develops, markets and assembles cleaning appliances such as vacuum cleaners for<br />
domestic as well as commercial use. Emerson Electronics decided to focus on acquisitions<br />
and divestitures in order to increase investment in technology and also have a strong<br />
focus to acquire the market in developing countries. This is also because of decreasing<br />
demands of their products in Europe and market saturation in the U.S. and China.<br />
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The future of compact power equipment is very attractive due to an ever-increasing<br />
demand for compact power tools. Due to saturation of developed markets like Europe,<br />
the U.S. and China, players in this market are now moving their focus towards developing<br />
or emerging nations.
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