Global Power Tools Market

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Global Power Tools Market by Type (Engine-driven Power Tools, Electric Power Tools, Pneumatic Power Tools, Hydraulic Power Tools and others), Application (Industrial, Professional and Household) and Region (North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2025

Global Power Tools Market Research Report

By Forecast To 2025

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2025

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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Global Power Tools Market Research Report - Forecast to 2025

Global Power Tools Market Research Report: Information by Type (Engine-driven Power Tools, Electric

Power Tools, Pneumatic Power Tools, Hydraulic Power Tools and others), Application (Industrial,

Professional and Household) and Region (North America, Europe, Asia–Pacific and Rest of the World) -

Forecast till 2025

The industrial sector has witnessed unparalleled development in the past few years. And it is the Global Power Tools Market

that has been benefitted as a result of this. According to the research report published by MRFR (Market Research Future),

this market will be highly successful and expand enormously during the forecast period of 2017-2023.

Power tools are a distinct class of mechanical tools and devices that do not require manual force to operate, they run when

they are initiated by an additional source of power or mechanism. The exterior source is usually internal combustion

engines or electric motors.

Currently, the industrial sector is under a phase of technological reformation. And during this period it is willing to accept

any new technology that reduces the need for human labor. Due to this fact it is being anticipated the Global Power Tools

Market will experience tremendous growth throughout the forecast period. The turnover for this market is expected to

increase by the end of 2023. On the other hand the CAGR for this duration is projected to be 5.17%.

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Global Power Tools Market Research Report - Forecast to 2025

There is a constant demand from the professional division of the industrial sector for better and efficient tools. This is one

of the major factors that contributes towards the growth of the market. The personnel associated with this field are looking

for options that reduce their workload and power tools can do exactly that. Hence, in the end it is the market that reaps

benefits.

Another aspect that again works in the favor of the market is the increased usage of power tools for household activities

and DIY projects. Although certain factors like unstable prices of raw materials can act as restraints for the market. However,

efforts are underway regarding this concern and soon enough a plausible solution will be found.

Industry News

12 March, 2018 – A leading player of the market Hitachi has announced that they will be changing their product line’s name

from ‘Hitachi Power Tools’ to ‘Metabo HPT’. This change is being implied specially for the North American market, following

this news it is being speculated that the market in that region will grow even further after the launch of this new line.

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Global Power Tools Market Research Report - Forecast to 2025

Market Research Analysis

The worldwide market for power tools has been segmented into two equal parts. Both of these and their counterparts are

listed below:

Applications – Household, professional, construction and industrial. The construction sub-segment holds the senior position

amongst these segments. It is because construction power-tools are used widely for a number of applications.

Types – Pneumatic power tools, engine driven power tools, hydraulic power tools and electric power tools. Amongst these it

is the electric tools segment that hold the largest market share and take the lead. Their success can be attributed to the

increased usage of these tools by professional and DIY enthusiasts alike.

The Global Power Tools Market has been victorious in making its presence felt across the globe. The major regions where it

prevails are North America, Europe, Asia Pacific and Rest of the World.

After a thorough analysis of all the growth trends of these regions the report by MRFR (Market Research Future) concluded

that North America will dominate in the coming years in terms of region. Aspects like development of distribution channels

and higher cost of manual labor foster the growth of the market in this area. U.S. brings in the maximum business and

accounts for a huge market share of 81.44%.

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Global Power Tools Market Research Report - Forecast to 2025

Market Players & Key Strategies

Some of the major players of this market can be enlisted as Techtronic Industries Co.Ltd, Makita Corporation, Festool, Hilti

Corporation and Husqvarna.

The major players in this market have a proactive approach and they work tirelessly to come up with new and efficient

products. Apart from that they also employ strategies like acquisitions, strategic partnerships and investment in research

and development activities.

Key Questions Addressed by the Report

• What was the historic market size (2018)?

• Which segmentation (type/application) is driving market growth?

• What will be the growth rate by 2025?

• Who are the key players in this market?

• What are the strategies adopted by key players?

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Global Power Tools Market Research Report - Forecast to 2025

Objective of Studies

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of

the Global Power Tools Market

• To provide insights about factors affecting the market growth

• To analyze the Global Power Tools Market based on various factors- price analysis, supply chain analysis, porter’s five

force analysis etc.

• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main

geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

• To provide country level analysis of the market with respect to the current market size and future prospective

• To provide country level analysis of the market for segment by type, by application, by end users and sub-segments.

• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and

drawing a competitive landscape for the market

• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new

product developments, and research and developments in the Global Power Tools Market


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ABOUT US

MARKET RESEARCH FUTURE

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report

(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting

Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research

studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments,

enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and

industrial visits for its research analyst members.

For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com

Copyright © 2018 Market Research Future

All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be

circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.


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