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Egypt bolting tools Market Expected to Reach USD 121.9 Million by 2027


Egypt bolting tools

iCrowdNewswire   Jan 12, 2021  4:20 AM ET

26_Egypt Bolting Tools Market Value Forecast

According to a recent market study published by Growth Market Reports (GMR), titled, “Egypt bolting tools Market by Type and Application: Size, Share, Trends and Opportunity Analysis, 2015-2027”, the market was valued at USD 101.4 Million in 2019 and is expected to grow at a healthy growth rate of 2.9% by the year 2027. The Egypt bolting tools market is anticipated to grow owing to increasing in infrastructure and construction activities, growth in industrial activities and growth in the use of bolting tools in the automotive industry are the factors which is expected to drive the growth of the Egypt bolting tools market.

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The Egypt bolting tools market is divided based on type and end-user. In terms of type, the market is segmented into electric, pneumatic, mechanical, and hydraulic. On the basis of Application, the market is fragmented into oil & gas, mining, construction, power, and others.

A bolt is a very simple item used for holding things together, and without bolts, all the machines and gadgets could fall into pieces. Bolts are one of the most common elements that are used in machine design and construction. They are used for holding things, from screws in door hinges and electric toothbrushes to massive screws that are used for securing concrete pillars in buildings, together. Bolting tools are equipment used to tighten these bolts with very little effort. Bolting tools are compact, easy to use, convenient, and accurate. Moreover, the demand for bolting tools is increasing the market due to the rise in automation in the industries. The use of bolting tools is growing in the market, as they improve the efficiency and work of the operator. Using proper bolting for applications makes the task more streamlined on the job site.

For any application, bolting tools provide dependable, accurate, and consistent results. Bolting tools need to be easy, safe, and ergonomic to operate critical tasks by achieving high levels of productivity. The use of the right bolting tool in the right way improves efficiency on site, it can help the crew meet the tight deadline. The proper bolting tools provide precision for bolting with accurate final torque, which can be done easily and quickly. Lightweight and fast working bolting tools can provide the user with dependable solutions for fastener tightening and reduce the fatigue level of the users.

As per GMR industry analyst Partha, “The Egypt bolting tools Market is anticipated to witness significant growth during forecast period 2020-2027 driven by increase in construction and infrastructure activities in Egypt and rising demand for improving efficiency and accuracy and saving time. Moreover, growth in investment in research and development (R&D) for creating advance bolting tools is expected to create lucrative opportunity during forecast period.”

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Key Takeaways from the Study:

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Report Scope:

Report Metric

Details

Market Value in 2019

USD 101.4

Market Growth Rate (from 2020 to 2027)

2.9%

Historical Data

2015, 2016,2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (USD Million)

Market Segments

By Type, By Application

Key Companies Profiled

Nord-Lock International AB, SPX Flow, Sandvik AB, HTL Worldwide, Stanley Black & Decker, Inc., Atlas Copco AB

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

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