Power Tools Market 2024: Comprehensive Analysis of Size, Growth, Trends, and Forecasts to 2032
Gain insights into the power tools market with a focus on size, growth trends, market share, demand factors, and forecasts leading up to 2032.
Explore the Latest Insights in the Power Tools Market!
A new report from Fortune Business Insights™ titled Power Tools Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032 provides a comprehensive analysis of the Power Tools Market landscape. This report includes competitor and regional analyses, along with the latest advancements in the market.
Inside, you’ll find a detailed table of contents, figures, tables, and charts, complemented by insightful commentary. The Power Tools Market sector has seen remarkable growth recently, driven by increasing product demand, a growing customer base, and technological innovations. This report thoroughly examines the Power Tools Market, covering market size, trends, key drivers and constraints, competitive dynamics, and future growth prospects. Our goal is to delve deep into the industry to understand its dynamics and economic potential.
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Market Summary:
The “Power Tools Market Research Report Overview by 2024” market size is reached USD 26.61 billion by 2022 and it is expected to reach USD 36.82 billion by 2030 between the forecast period and expected Compound annual growth rate of 4.3% between the forcast period by (2022-2030).
The Power Tools Market has experienced significant growth, supported by various factors like rising product demand, an expanding customer base, and technological advancements. This report delivers an in-depth analysis of the market, including insights on market size, trends, key drivers and challenges, competitive dynamics, and future growth opportunities.
Top Companies in the Power Tools Market:
Here are some leading manufacturers in the sector:
- Robert Bosch GmbH (Germany)
- Stanley, Black & Decker, Inc. (U.S.)
- Hilti Corporation (Liechtenstein)
- Atlas Copco AB (Sweden)
- Makita Corporation (Japan)
- Emerson Electric Co. (U.S.)
- Hitachi Koki Ltd. (Japan)
- Ingersoll Rand (U.S.)
- Techtronic Industries Co. Ltd. (Hong Kong)
- Enerpac Tool Group (U.S.)
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Segmentation:
Power Tools Market Size, Share & COVID-19 Impact Analysis, By Mode of Operation (Electric, Pneumatic and Others), By Tool Type (Drilling & Fastening Tools, Material Removal Tools, Sawing & Cutting Tools, Demolition Tools, and Others), By Application (DIY and Industrial) and Regional Forecast, 2023-2030
Market Coverage:
- Market Trends
- Market Segmentation by Segment
- Market Segmentation by Region
- Price Analysis
- Impact of COVID-19
- Market Forecast
This report provides insights into the market landscape, broken down by sub-regions and countries. It highlights potential profit opportunities alongside market share and growth rates for each region.
Regional Analysis:
- North America (By Mode of Operation, Tool Type, Application, and Country)
- U.S. (By Mode of Operation)
- Canada (By Mode of Operation)
- Europe (By Mode of Operation, Tool Type, Application, and Country)
- Germany (By Mode of Operation)
- U.K. (By Mode of Operation)
- France (By Mode of Operation)
- Rest of Europe
- Asia Pacific (By Mode of Operation, Tool Type, Application, and Country)
- China (By Mode of Operation)
- India (By Mode of Operation)
- Japan (By Mode of Operation)
- Southeast Asia (By Mode of Operation)
- Rest of Asia Pacific
- Middle East & Africa (By Mode of Operation, Tool Type, Application, and Country)
- South Africa (By Mode of Operation)
- GCC (By Mode of Operation)
- Rest of the Middle East & Africa
- Latin America (By Mode of Operation, Tool Type, Application, and Country)
- Brazil (By Mode of Operation)
- Mexico (By Mode of Operation)
- Rest of Latin America
Report Highlights:
- Key growth drivers and challenges for the market.
- Comprehensive overview of regional developments.
- List of major industry players.
- Strategies adopted by key market players.
- Recent developments, including product launches and mergers.
The report also discusses limiting factors and the regional industrial presence that may impact market growth trends beyond 2032. Our market research aims to provide a thorough understanding of the industry’s potential and equip companies with the insights they need to make informed decisions. The Power Tools Market Report spans over 100+ pages and includes a detailed table of contents, figures, tables, graphs, and extensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
Industry Developments:
- Makita UK extended its outdoor power tools segment with its advanced ‘XGT 40VMax machines’. It includes UR002G 40VMax Cutter and 40VMax Hedge Trimmer that are brushless.
- Makita Corporation introduced an advanced nailer named 18 Gauge 2” Brad Nailer (AF506). It is a battery-operated power tool with better ergonomics. It can be used on hard and soft wooden surfaces.
- Hilti Corporation announced an expansion of its rotary hammer segment and combination portfolio with an introduction ‘TE 70-ATC/AVR’, the powerful SDS-Max-Combination Hammer. The newly presented tool delivers ~40% sooner concrete drilling.
- Robert Bosch GmbH introduced cult screwdriver ‘Ixo Classic’ that is utilized for precise screwdriving on sensitive materials. 30% shorter charging time attributed to the electronic updates results in re-use of this tool within two hours.
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