The PPE segment is foreseen to reach a value of over US$ 45,600 Mn by the end of 2026, growing at a CAGR of 5.2%. The forecast makes it a dominant segment in the market, whereas power tools is also identified to be a key segment.
Albany, NY -- (SBWIRE) -- 02/21/2019 -- Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Portable Tools Market Analysis Showcases Growth Trends and Opportunity Until 2028". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Portable Tools. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
Players in the industrial automation and equipment industry continue to face an environment that remains hyper-competitive. Evolution in end-user demand is influencing players in the industrial automation and equipment landscape to optimize their manufacturing process. Sluggishness in the oil & gas industry, muted growth in automotive sales, and stagnancy in the agriculture sector have posed challenges to players in the recent past.
With the increase in oil rigs and natural gas projects being quoted, various companies are making reinvestments, to either cater requirement of preventative maintenance or for generating a better ROI. Investing in infrastructure development remains a top priority for the industrial automation and equipment companies, with improvements in energy- and operational-0efficiency gaining center stage.
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Continuous advances are witnessed in the progressive integration of information technology (IT) and operational technology (OT), along with the evolution of business systems for handling real-time transaction processing. Building blocks are being offered by innovators, designed specifically for accomplishing the aim of 'connected enterprise'. New intelligent nodes, operating at the network edge for improving efficiency and performance of manufacturing processes, are offered by rapid propagation of technologies & concepts associated with Internet of Things (IoT).
A major challenge encountered by the global industrial automation and equipment industry is absence of multi-vendor application portability. Innovation is stifled without open ecosystems offering portable applications to vendor platforms. On account of this, non-traditional suppliers have embarked on launching next-generation products that are embedded with IoT software.
Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.
For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.
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Standard Report Structure
Executive Summary
Market Definition
Macro-economic analysis
Parent Market Analysis
Market Overview
Forecast Factors
Segmental Analysis and Forecast
Regional Analysis
Competition Analysis
Target Audience
Production Companies
Suppliers
Channel Partners
Marketing Authorities
Subject Matter Experts
Research Institutions
Financial Institutions
Market Consultants
Government Authorities
In case of portable tools, the market is witnessing a steady growth due to expansion in manufacturing and availability of the tools. There is also a growing trend of DIY products that has encouraged people towards owning portable tools. However, automation and price fluctuations may still impact the market to a great extent. All such dynamics are being closely observed to get an idea of the future forecast for portable tools market. The report includes an in-depth analysis of every aspect surrounding the products involved in portable tools market and the demand supply chain of every portable tool available in the global market.
Market Taxonomy
By Product Categories
Hand Tools
Power tools
Garage Tools
Lighting Tools
Personal Protective Equipment (PPE)
By End-Use
Industrial
Manufacturing Industry
Construction Industry
Commercial (Repair shops, etc.)
Household & DIY
By Sales Channel
Distributor Sales
Retail Outlets
Online Sales
By Region
North America
Latin America
Europe
South East Asia and Pacific
Middle East and Africa
China
Japan
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