Harrisburg, NC -- (SBWire) -- 02/27/2019 --Global Power Tools Market Insights, Forecast to 2025

Power tools have diverse applications in commercial and residential sectors. The adoption of power tools is enabled by work efficiency achieved through advanced sensors, which is used to analyze and perform tasks with minimum errors. The revenue of the Global power tools market has increased, owing to rising trend of automation enabling enhanced returns on investments and cost optimization.

The utilization of power tools simplifies human work reduces the burden of repetitive tasks and decreases the chances of human errors & injury. Growth of smart technologies and development of low-cost & energy-efficient tools boost the growth of the power tools market. The rising demand of automation has revolutionized the adoption of power tools technology. Pneumatic and powder-actuated technologies are in the initial stage of development; however, further innovation in these technologies is expected to provide significant growth opportunities to the market. However, unstable economic situation in the Middle Eastern countries, decline in construction and automotive industry in China and increasing concerns for human safety restrict the adoption of power tools.

The Global Power Tools market is expected to garner $39,639 million by 2022, registering a CAGR of 5.4% during the forecast period 2016 to 2022.

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Top Leading Companies are: 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

Currently, drilling and fastening tools hold the largest market share among all other tool types in the power tools market, and a similar trend is likely to continue during the forecast period. Drilling and fastening tools are used in several industries, namely automotive, aerospace, electronics, and consumer appliances, energy, and shipbuilding. The growth of the market for electric drilling tools is driven by the rising adoption of cordless drilling and driving tools by professionals as well as DIY consumers. Pneumatic drilling and fastening tools are mostly used in manufacturing industries, such as automotive and aerospace, wherein high torque tools are required. According to the OICA, the sale of all types of vehicles is expected to increase in the near future. Hence, the increase in the production of automobiles is likely to boost the electric fastening tools market growth in the coming years.

Contents of the 15 Chapters for This Power Tools Market Study:-

Chapter 1, to describe Power Tools Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Power Tools , with sales, revenue, and price of Power Tools , in 2017 and 2019;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Power Tools, for each region, from 2013 to 2019;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;

Chapter 12, Power Tools market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;

Chapter 13, 14 and 15, to describe Power Tools sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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Power Tools Market, by Type:

Electric power tool
Pneumatic power tool
Hydraulic and other power tool

Power Tools Market, by End User:

Residential Applications
Construction Field
Industry Field
Gardening Field
Other

As per application, the global power tools market is segmented into aerospace, automobile, electronics, and construction. Among these, construction industry held a major share of 72% in the year 2014. The rise of infrastructural development and investments across developing countries has further led to the increase in the growth of power tools market globally. Furthermore, the automotive industry is also witnessing a significant increase in the use of power tools. Increasing disposable income and changing standard of living has created opportunities for power tools market in automobile industry. 

Based on regions, the global power tools market has been observing a rise in demand from North America and Asia Pacific. However, North America has reached the saturation level and may not see any further growth. On the other hand, Asia Pacific is flourishing withy growth opportunities. In 2014, the Asia Pacific region held a market share of 34% in the global power tools market. The rise of infrastructural development in cities such as China and India has been critical in promoting the demand of power tools market. The Asia Pacific was valued at US$8.8 bn in 2014 and is expected to reach US$13.4 bn by 2021, exhibiting a CAGR of 5.9% in the forecast period.  In North America, the U.S and Canada are expected to lead the power tools market due to the increase in changing lifestyle.

The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Power Tools Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Power Tools Market Carrier and assist manufacturers and investment organization to better grasp the development course of Power Tools Market.

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Important attributes of the report:

The 360-degree Power Tools overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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