Los Angeles, CA -- (SBWIRE) -- 01/10/2019 -- QY Research has lately published a new report on "Global Industrial Power Tools Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025," for the forecasted period 8-years, i.e. between 2017 and 2025.

A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of power tools use electric motors. Internal combustion engines and compressed air are also commonly used. Other power sources include steam engines, direct burning of fuels and propellants, or even natural power sources like wind or moving water. Tools directly driven by animal power are not generally considered power tools.

Power tools are used in industry, in construction, in the garden, for housework tasks such as cooking, cleaning, and around the house for purposes of driving (fasteners), drilling, cutting, shaping, sanding, grinding, routing, polishing, painting, heating and more.

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Power tools are classified as either stationary or portable, where portable means hand-held. Portable power tools have obvious advantages in mobility. Stationary power tools however often have advantages in speed and accuracy, and some stationary power tools can produce objects that cannot be made in any other way. Stationary power tools for metalworking are usually called machine tools. The term machine tool is not usually applied to stationary power tools for woodworking, although such usage is occasionally heard, and in some cases, such as drill presses and bench grinders, exactly the same tool is used for both woodworking and metalworking.

Europe has the largest global export quantity and manufacturers in Industrial Power Tool market, while the United States is the second sales volume market for Industrial Power Tool in 2017.

In the industry, Stanley Black&Decker (DeWalt) profits most in 2017 and recent years, while Bosch and TTI ranked 2 and 3.The market share of them is 17.83%, 17.76% and 17.40% in 2017.The gap of market share is keep on enlarged due to different strategy.

Nowadays, there are four mainly types of Industrial Power Tool, including Lithium-Ion Battery, Ni-Cad Battery, NiMH Battery and Other. And Lithium-Ion Battery is the main type for Industrial Power Tool, and the Lithium-Ion Battery reached a sales volume of approximately 142.74 M Unit in 2017, with 55.65% of global sales volume.

Industrial Power Tool technology is much mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.

The Industrial Power Tools market was valued at 23500 Million US$ in 2017 and is projected to reach 38900 Million US$ by 2025, at a CAGR of 6.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Industrial Power Tools.

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This report includes the following manufacturers; we can also add the other companies as you want.

Stanley Black & Decker (DeWalt)

Bosch

TTI

Makita

Hitachi Koki

Hilti

Metabo

Snap-on

DEVON (Chevron Group)

Festool

Apex Tool Group

Dongcheng

C. & E. Fein

Zhejiang Crown

Positec Group

Jiangsu Jinding

KEN

Market Segment by Product Type

Lithium-Ion Battery

Ni-Cad Battery

NiMH Battery

Other (Corded Electric, Pneumatic, Hydraulic, Power-Actuated, etc.)

Market Segment by Application

Construction Field

Industry Field

Other

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