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Power Tool Market 2014 Will Present at CAGR of 7%, and Is Expected to Be Up to 314 Million Units by 2017.

 

Deerfield Beach, FL -- (SBWIRE) -- 09/28/2015 -- Market Research Store releases a new market research report "Power Tool Market 2014: Industry Analysis, Size, Share, Development, and Forecast to 2017" to add to its collection of research reports.

According to China Power Tool Industry Report, 2014-2017 made by Sino Market Insight, China's output of power tools will present a CAGR of 7% during 2014-2017, and the figure is expected to be up to 314 million units in 2017.

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China is a large exporter of power tools, with more than 80% of products for export. In 2013, China exported a total of 201 million units of sundry power tool, up 2.06% year on year; later in the first half year of 2014 the export volume reached 104 million units with a year-on-year rise of 3.5%, of which the export volume of electric drill and scrubbing tool reached 31.22 million units and 23.74 million units separately and swept the largest shares, 30% and 22.8% respectively.
Power tools, as a whole, can be divided into industrial grade, professional grade and household grade, among which household power tool has not a high threshold for market access, typically characteristic of decentralized operation. Currently, the top five producer of household power tool in China hold a total market share of less than 10%, and most small-sized firms have gross margin of below 10% each.

By contrast, the professional power tool has a far higher gross margin than the household power tool, with the average industrial gross margin remaining between 15% and 25% over the recent years, particularly the gross margin of multinational corporations' brands high up to 25%-35% on average.

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China Power Tool Industry Report, 2014-2017 by Sino Market Insight, including five chapters and 65 charts, highlights the followings:
1. Overview of power tool industry (consisting mainly of macro economy and related policies);
2. Analysis on China power tool market (involving the estimation of market size and the analysis of regional output);
3. China power tool import & export market (such as the import & export volume and value of breakdown products);
4. Competition pattern (analysis of influential brands and barriers for industry accession);
5. Operation of 15 power tool companies worldwide (including profile, financial indices, revenue structure, major customers, performance prediction, etc.)

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