Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Oct 22, 2019 6:00 AM ET

At 5.61% CAGR Power Tools Market is set to progress growth phase through 2025




iCrowd Newswire - Oct 22, 2019

Power Tools Market growth over the forecast period 2019 till 2025

The Power Tools Market is set to reach high market value through 2019 till 2025 driven by the ease in access to electricity and increase dependence on advance tools and automation. In addition, the escalating building & construction activity over the forecast period drives the market growth with a CAGR of 5.61%.

Further, increase in sales of commercial vehicles and high demand for fastening tools in industrial environments are among key market trends set to fuel the power tools market growth and value.

Power tools are mostly used for polishing, grinding and cutting metals and are available in various operating modes and power source across distinctive applications. Cordless power tools are penetrating market growth driven by efficient functionality and less time.

In addition, large consumption of power tools is observed by residential end-users and the market growth is driven by increased activity of DIY across developed economies. Whereas,  increased production of power tools across developing countries is driven by population thickening along with growing industrialization and a rise in disposable income.

Request Sample @ https://www.oganalysis.com/sample/213095

However, lack of awareness about power tools, high costing along with battery restraints of power tools as well as fluctuation in raw materials are among challenges faced by the market growth.

Developed regions are set to contribute towards strong power tools market share followed by emerging economies

Across developed regions, the DIY trend is prevalent among consumers and drives the demand for power tools. The trending application of DIY projects such as kitchen and bathroom projects, outdoor living ideas, storage, and decor projects and other remodeling activities own a major market share of Power Tools Market, led by North America and Europe.

Whereas, the ongoing urbanization and growing real estate business across Asia Pacific and Africa both by corporate and government sectors majorly contribute to expansion of Power tools Market size.

Moreover, the defined and customized architecture works for projects such as building smart offices, renovations of restaurants, cafe, designer studios, branded outlets and many others also tend to drive the Power Tools Market growth.

Browse Power Tools Market Research Report @ https://www.oganalysis.com/industry-reports/213095/power-tools-market

Cordless power source segment is entering growth phase over the forecast period

The cordless power source segment is driven by key power tool manufacturers in focus on launching cordless versions of electric power tools. For example, in 2019, Dewalt has announced their ATOMIC compact series cordless power tool lineup, adding to the 200+ tools in their 20V Max cordless system.

New product launches and innovative marketing strategies across key market players is set to entice the power tools market value

Key players are driving the market growth with launch of innovative products with more power-dense. For instance, in 2019, Makita Corporation has driven its power tools to achieve greater power and runtimes on select tools using 18V batteries and dual (X2) batteries to bring 36V performance to their tools.

Further, key players are expanding their outreach to costumers by implementing innovative marketing strategies. Accordingly, in 2019, Bosch Power Tools India, a front runner in the power tools market segment that caters to construction, woodworking and metalworking industry, amplified its consumer experience by enabling users to get Hands-On experience of the cordless range through mobile van demonstration vehicles.

Request for Special Discount on Power Tools Market report @ https://www.oganalysis.com/discount/213095

Prominent market players seeking strong market opportunity across Power tools market include  Stanley Black & Decker, Techtronic Industries, Robert Bosch, Makita Corporation, Hilti Corporation, Atlas Copco, Apex Tool Group, Ingersoll-Rand, KOKI Holdings, and Snap-on Incorporated.

Related Reports

OGAnalysis-Market Intelligence Platform

Global Oil and gas industry annual subscription from OG ANALYSIS provides access to 11 databases including Exploration, Production, Refinery, LNG, Oil and Chemicals Storage, Pipelines, Market Intelligence, CAPEX, Tankers, small LNG and Trade.

About OG Analysis:

OG Analysis has been a trusted research partner for 10+ years delivering most reliable analysis, information and innovative solutions. OG Analysis is one of the leading players in market research industry serving 980+ companies across multiple industry verticals. Our core client centric approach comprehends client requirements and provides actionable insights that enable users to take informed decisions.

Contact Us:

Anil Kumar

Phone: +91-7337 01 3757

Email: [email protected]

Website: https://www.oganalysis.com

Follow Us on LinkedIn: https://www.linkedin.com/company/og-analysis/



Contact Information:

Anil Kumar

Phone: +91-7337 01 3757

Email: [email protected]






Keywords:    Power Tools market, Power Tools market size, Power Tools market share, Power Tools market report, Power Tools market trends, Power Tools companies, Power Tools industry, Global Power Tools market, Power Tools market analysis, Power Tools market research, Power Tools market forecast, Power Tools market growth, Power Tools market statistics, Power Tools market outlook, Power Tools market research report,

Tags:    Extended Distribution, Research Newswire, English