Power Tools Market in Europe 2015-2019
About Power Tools
Power tools are used to develop products with ease and convenience. There are several types of power tools:
Technavio Announces the Publication of its Research Report – Power Tools Market in Europe 2015-2019
Technavio recognizes the following companies as the key players in Power Tools Market in Europe 2015-2019: Bosch, Makita, Stanley Black & Decker and Techtronic Industries
Other Prominent Vendors in the market are: Atlas Copco Electric Tools, Baier, Casals, Collomix, C. & E. Fein, Duss, Elektrowerkzeuge, Festool, Flex, Hilti, Hitachi Koki, Husqvarna, Interskol, ITW, Lamello, Metabo, Mirka, Panasonic, Peugeot, Rupes, Ryobi,SkilSparky Power Tools, Stayer and Stihl
Commenting on the report, an analyst from Technavio’s team said: “In the last few years, there has been increased competition among vendors in the power tools market in Europe. This increase in competition has led to a decrease in the overall product pricing of power tools. As a result, there is a rising price war among market players. The market is also facing higher competition from Chinese power tool vendors that offer efficient, low-cost products. Many vendors have varying pricing strategies that are aimed at capturing significant market share. Though several vendors in the market are witnessing increased labor costs, they are absorbing these to provide cost-effective power tools. In addition, vendors focus on the development of economically priced products in an attempt to tap the micro, small, and medium-scale enterprise sectors.”
According to the report, In today's competitive world, in which every other company is offering the same product, timely delivery of projects plays a major role in creating brand differentiation. Companies across industries are delayed in launching and delivering products on time because of delays in product development across their supply chain. But the time required for project completion can be drastically reduced by the use of efficient power tools. Thus, effective power tools such as tile cutters, rotary hammers, and wall chasers enable the development of quality infrastructure in minimal time. In addition, any last-minute addition/change in the electrical and plumbing design can be carried out with ease, enabling a faster response to customer needs. Therefore, adoption of power tools in industries paves the way for faster and on-time project delivery.
Further, the report states that the high cost of power tools acts as a deterrent to the market, affecting its implementation across various industries.
Bosch, Makita, Stanley Black & Decker, Techtronic Industries, Atlas Copco Electric Tools, Baier, Casals, Collomix, C. & E. Fein, Duss, Elektrowerkzeuge, Festool, Flex, Hilti, Hitachi Koki, Husqvarna, Interskol, ITW, Lamello, Metabo, Mirka, Panasonic, Peugeot, Rupes, Ryobi,SkilSparky Power Tools, Stayer, Stihl
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