Global power tools market is projected to register a CAGR of 4.7% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Global Power Tools Market, By Type (Sawing and Cutting Tools, Drilling and Fastening Tools, Demolition Tools, Routing Tools, Portable Nibblers, Air-Powered Tools, Material Removal Tools, Electric Cords and Plugs, Accessories, Others), Mode of Operation (Electric, Liquid Fuel Tool, Hydraulic, Pneumatic, Powder-Actuated Tools), Application (Concrete and Construction, Woodworking, Metalworking, Welding, Others), Material (Concrete, Wood/Metal, Brick/Block, Glass, Others), End User (Industrial/Professional, Residential), Sales Channel (Indirect Sales, Direct Sales), Country (U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the global power tools market are:
• Growing technological advancements in power tools
• Increasing benefits of power tools
Market Players
The key market players for global power tools market are listed below:
• Atlas Copco AB
• Stanley Black & Decker, Inc.
• Snap-on Incorporated
• Robert Bosch GmbH
• Koki Holdings Co., Ltd.
• Emerson Electric Co.
• Festool GmbH
• KYOCERA Corporation
• Ingersoll Rand
• Makita Corporation
• Hilti AG
• Husqvarna AB
• Panasonic Corporation of North America (A subsidiary of Panasonic Corporation)
• Techtronic Industries Co. Ltd
• Apex Tool Group, LLC.
• INTERSKOL
• Ferm International B.V.
• 3M
• Delta Power Equipment Corporation
• C. & E. Fein GmbH