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Global Power Tools Market 2017-2021

Global Power Tools Market 2017-2021

About Power Tools

Power tools are mechanical or electromechanical equipment that draw electricity from an external power source, without the application of manual labor to achieve a specific action. Power tools are commonly used in the construction and manufacturing industries to perform activities such as drilling, sawing, grinding, screwing, and cutting. However, application areas for power tools are diverse and wide, depending on the end-user and the industry. Power tools are used to increase the efficiency of manual operations, thereby increasing worker productivity and saving time. There are also several end-user applications that require the use of customized power tools to perform specific tasks.

Technavio’s analysts forecast the global power tools market to grow at a CAGR of 4.77% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global power tools market for 2017-2021. To calculate the market size, the report considers the sales revenue.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Power Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apex Tool Group
  • Makita
  • Robert Bosch
  • Stanley Black & Decker
  • Techtronic Industries
Other prominent vendors
  • ANDREAS STIHL
  • Atlas Copco
  • C. & E. Fein
  • CHERVON (China) Trading
  • Emerson Electric
  • Evolution Power Tools
  • Hilti
  • Hitachi Koki
  • Illinois Tool Works
  • INTERSKOL
  • JET Tools
  • Josch Group
  • Master Air Tool
  • Nemo Power Tools
  • Panasonic
  • Positec Tool
  • Snap-on
  • Triton Tools
Market driver
  • Rise in global construction and infrastructure development activities
  • For a full, detailed list, view our report
Market challenge
  • Volatility in prices of raw materials
  • For a full, detailed list, view our report
Market trend
  • Wireless battery charging technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Power Tools Market 2017-2021

Technavio recognizes the following companies as the key players in the global power tools market: Apex Tool Group, Makita, Robert Bosch, Stanley Black & Decker, and Techtronic Industries

Other Prominent Vendors in the market are: ANDREAS STIHL, Atlas Copco, C. & E. Fein, CHERVON (China) Trading, Emerson Electric, Evolution Power Tools, Hilti, Hitachi Koki, Illinois Tool Works, INTERSKOL, JET Tools, Josch Group, Master Air Tool, Nemo Power Tools, Panasonic, Positec Tool, Snap-on, and Triton Tools.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Wireless battery charging technology. Cordless, battery-powered electric power tools have been available in the market for several years, but their adoption has been slow due to functional issues with battery operated tools, including long charge times and short duration of the operation. Most of the existing battery-powered power tools require the removal of the battery pack from the tool for charging. However, the rising number of complaints and feedback from end-users regarding the time consuming and cumbersome charging process has led to the development of wireless charging batteries for power tools. The adoption of this technology is expected to boost the market demand for cordless power tools.”

According to the report, one of the major drivers for this market is Rise in global construction and infrastructure development activities. Power tools are most commonly used in the construction industry. These tools are essential to carry out construction operations such as cutting, drilling, and grinding. They are essentially support tools used to increase the efficiency and productivity of labor at construction sites. Therefore, any growth in the global construction activities will have a positive impact on the global power tools market.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in prices of raw materials. The volatility in raw material prices may be a major challenge to vendors and manufacturers, as a number of players in the market start competing on the basis of pricing to sell their products, most of which are undifferentiated or generic power tools. The production of power tools involves the use of steel, copper, rubber, plastic, and other composites. Also, the motor inside most electric power tools constitutes magnets that are made of rare earth materials. Most of these raw materials are globally traded commodities, and their prices are prone to significant fluctuations, which may negatively impact power tool manufacturers due to a reduction in profit margins or sales caused by higher prices of power tools.

Companies Mentioned

Apex Tool Group, Makita, Robert Bosch, Stanley Black & Decker, Techtronic Industries, ANDREAS STIHL, Atlas Copco, C. & E. Fein, CHERVON (China) Trading, Emerson Electric, Evolution Power Tools, Hilti, Hitachi Koki, Illinois Tool Works, INTERSKOL, JET Tools, Josch Group, Master Air Tool, Nemo Power Tools, Panasonic, Positec Tool, Snap-on, and Triton Tools.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global power tools market 2017-2021: Snapshot
      • Table Global power tools market by technology
      • Table Global power tools market by geography
  • Market landscape
    • Market overview
      • Table Global power tools market
    • Market size and forecast
      • Table Global power tools market 2017-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Market overview
      • Table Global power tools market by technology 2016
      • Table Global power tools market by technology 2021
      • Table Global power tools market 2016-2021 by technology (%)
    • Global electric power tools market
      • Table Global electric power tools market 2016-2021 ($ billions)
    • Global pneumatic power tools market
      • Table Global pneumatic power tools market 2016-2021 ($ billions)
    • Global engine-driven power tools and others market
      • Table Global engine-driven power tools and others market 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Global power tools - Market size and forecast 2016-2021
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast
      • Table Americas - Market size and forecast 2016-2021 ($ billions)
      • Table Americas - Year-over-year growth 2017-2021
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast
      • Table EMEA - Market size and forecast 2016-2021 ($ billions)
      • Table EMEA - Year-over-year growth 2017-2021
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast
      • Table APAC - Market size and forecast 2016-2021 ($ billions)
      • Table APAC - Year-over-year growth 2017-2021
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Growth in US construction sector 2011-2016 (cumulative)
      • Table Global car and two-wheeler sales growth 2011-2015 (cumulative)
      • Table Electric vehicle sales January 2016 and January 2017 (number of units)
      • Table Per capita GDP for Asian countries 2010-2015 ($)
    • Market challenges
      • Table Cumulative growth in key raw material prices (June 2016-March 2017)
  • Market trends
    • Wireless battery charging technology
    • Switch from Ni-Cd to Li-ion battery chemistry
      • Table Comparison of Li-Ion and Ni-Cd batteries
    • Product innovations in power tools market
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors of power tools
  • Key vendor analysis
    • Apex Tool Group
      • Table Apex Tool Group: Business overview
      • Table Apex Tool Group: Brands and categories of products offered
      • Table Apex Tool Group: Key news
    • Makita
      • Table Makita: Segments and categories of products offered
      • Table Makita: Key news
    • Robert Bosch
      • Table Segments and categories of products offered
      • Table Robert Bosch: Key news
    • Stanley Black & Decker
      • Table Stanley Black & Decker: Brands and categories of products offered
      • Table Stanley Black & Decker: Key news
    • Techtronic Industries
      • Table Techtronic Industries: Business overview
      • Table Techtronic Industries: Brands and categories of products offered
      • Table Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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