Power Tools Market Research Report by Type (Demolition Tools, Drilling & Fastening Tools, Material Removal Tools, Routing Tools, and Sawing and Cutting Tools), by Operation (Electric and Pneumatic), by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19
The Global Power Tools Market is expected to grow from USD 32,359.86 Million/EUR 28,373.74 Million in 2020 to USD 41,380.70 Million/EUR 36,283.39 by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 5.04%.
Market Segmentation & Coverage:
This research report categorizes the Power Tools to forecast the revenues and analyze the trends in each of the following sub-markets: The Drilling & Fastening Tools is projected to witness the highest growth during the forecast period
Based on Type, the Power Tools Market studied across Demolition Tools, Drilling & Fastening Tools, Material Removal Tools, Routing Tools, and Sawing and Cutting Tools. The Drilling & Fastening Tools further studied across Drills, Impact Drivers, Impact Wrenches, and Screwdrivers and Nutrunners. The Material Removal Tools further studied across Grinders and Sanders/Polishers/Buffers. The Sawing and Cutting Tools further studied across Band Saws, Circular Saws, Jigsaws, Reciprocating Saws, and Shears & Nibblers. The Drilling & Fastening Tools commanded the largest size in the Power Tools Market in 2020, and it is expected to grow at the fastest CAGR during the forecast period. The Electric is projected to witness the highest growth during the forecast period
Based on Operation, the Power Tools Market studied across Electric and Pneumatic. The Electric commanded the largest size in the Power Tools Market in 2020, and it is expected to grow at the fastest CAGR during the forecast period. The Residential/DIY is projected to witness the highest growth during the forecast period
Based on Application, the Power Tools Market studied across Industrial/Professional and Residential/DIY. The Industrial/Professional further studied across Aerospace, Automotive, Construction, Energy, and Shipbuilding. The Industrial/Professional commanded the largest size in the Power Tools Market in 2020. On the other hand, the Residential/DIY is expected to grow at the fastest CAGR during the forecast period. The Asia-Pacific is projected to witness the highest growth during the forecast period
Based on Geography, the Power Tools Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the Power Tools Market in 2020. On the other hand, the Asia-Pacific is expected to grow at the fastest CAGR during the forecast period.
Company Usability Profiles:
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Power Tools Market including Apex Tool Group, LLC, Atlas Copco AB, Emerson Electric Co., Fortive Corporation, Hilti Corporation, Illinois Tool Works Inc., Koki Holdings Co., Ltd., Makita Corporation, Panasonic Corporation, Positec Tool Corporation, Robert Bosch GmbH, Snap-on Incorporated, Stanley Black & Decker, Inc., Techtronic Industries Company Limited, and Trane Technologies PLC.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Power Tools Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Power Tools Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Power Tools Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Power Tools Market?
4. What is the competitive strategic window for opportunities in the Global Power Tools Market?
5. What are the technology trends and regulatory frameworks in the Global Power Tools Market?
6. What are the modes and strategic moves considered suitable for entering the Global Power Tools Market?
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