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Power Tools Global Market Expected to Reach $40.12 Billion with 5.5% CAGR Forecast to 2022

Power Tools -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2022

 

New York, NY -- (SBWIRE) -- 05/26/2017 -- Power Tools Industry

Description

Power Tools market accounted for $27.56 billion in 2015 and is expected to reach $40.12 billion by 2022 growing at a CAGR of 5.5%. Urbanization, increasing automotive sales in developed nations, high efficiency and effectiveness and rising investments in housing are driving the market growth. The power tools are generally used for household tasks, screw-driving, grinding, drilling, routing, leveling, cutting, shaping, painting, sanding, construction, polishing, and gardening.

Power tools have the majority share in total market with around 60% and are expected to be the leading segment during the forecast period. The most commonly used power tools are electric power tools. Industrial segment is expected to dominate the end-user market. North America and Asia Pacific are the leading markets for power tools strongly driven by U.S. and China respectively, whereas Europe and Africa are fastest growing regions.

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The key players of the market include,

Hitachi Koki Co., Panasonic Corp, Robert Bosch GmbH, Emerson Electric Co., Makita Corp., Atlas Copco AB, Black & Decker Co., Actuant Corp., Techtronic Industries Co. Ltd, SKF, Stanley and Danaher Corporation.

Categories Covered:
- Power tools
- Hand tools

Types of Power Tools Covered:
- Electric power tools
- Hydraulic power tools
- Engine driven power tools
- Powder-actuated power tools
- Pneumatic power tools

End Users Covered:
- Construction
- Electrical and electronics
- Automobile
- Infrastructure
- Aerospace
- Woodworking
- Residential
- Household
- Manufacturing

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Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-France
-Italy
-UK
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-Rest of Asia Pacific
-Rest of the World
-Middle East
-Brazil
-Argentina
-South Africa
-Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancement

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