July 14, 2020

Global Power Tools Market on a Steady Growth Trail; Future Market Insights Provides Projections in Light of COVID-19 Pandemic

According to the analysis of the research analyst’s at Future Market Insights (FMI), the Power Tools market is set to reach a market value of ~US$ 58.2 Bn by the end of 2030. Further, the study indicates that the Power Tools market is expected to grow at a CAGR of 6% during the forecast period (2020-2030). The well-researched market report offers a thorough quantitative and qualitative assessment of the Power Tools market along with easy to grasp tables, graphs, and figures.

The Coronavirus (COVID-19) pandemic has caused disruptions in supply chains of the Power Tools market. However, full and partial lockdown relaxations are anticipated to ease business processes in the upcoming months. Companies in the Power Tools market can gain insights about recent developments of COVID-19 and its impact on the Power Tools market. Get a hands-on over our upcoming report on the Power Tools market to gain an edge over other market players.

The market study bifurcates the global Power Tools market in different segments to enhance the reading experience of our clients in its upcoming report.

The various segments covered in the report are as follows.

By Product Type

  • Drilling and Fastening tools
    • Drills, Fasteners & Drivers
    • Wrenches
  • Hammers
  • Cutting Tools
    • Jigsaws
    • Reciprocating saws
    • Circular saws
    • Band saws
    • Sheers and Nibblers
  • Material Removal Tools
    • Sanders & Polishers
    • Grinders
  • Routers
  • Other Power Tools

By Sales Channel

  • Online Sales
    • B2C Platform
    • B2B Platform
  • Offline Sales
    • Bulk Suppliers
    • Retail Suppliers

By Operation Type

  • Corded Power Tools
  • Cordless Power Tools

By End-Use

  • Industrial Enterprises
  • Commercial Carpenters, Joiners and Masonry Service Providers
  • DIY/ Individual

Competitive outlook

The competitive outlook tracks the business proceeding of top-tier market players involved in the Power Tools market. The company profile provides a clear understanding of the growth strategies adopted by various market players.

Key companies covered in the study:

  • Atlas Copco
  • Ingersoll-Rand plc
  • Robert Bosch Power Tools GmbH
  • MILWAUKEE TOOL
  • Allgemeine Elektricitäts-Gesellschaft AG

Key takeaways from the presented market analysis:

  • In-depth understanding of the innovations in the Power Tools market space
  • Region-wise assessment of the different factors expected to influence market growth in each region
  • Influence of technological advances on the Power Tools market
  • A thorough assessment of growth opportunities for market players in different regions
  • Analysis of the supply-demand ratio in different end-use industries

The market analysis provides answers to some important questions related to the Power Tools market:

  1. What is the most common observable trend within the Power Tools market?
  2. Which region is set to register the maximum growth in terms of value and market share?
  3. Which market players in the Power Tools market are at the forefront in terms of product/technology innovation?
  4. Is the current Power Tools market landscape favorable for new market entrants?
  5. Which end-use industry is expected to generate the maximum demand for Power Tools during the forecast period?

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