Rapid technological advancements taking place in the market to enable growth in the global Power Tools market. The inflow of new entrants in the market is leading to development of innovative technology. Recently Fortune Business Insights published a report, titled Power Tools. As stated in the report in 2017, the global Power Tools market was worth US$ Power Tools.
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As per the report, North America held a significant share in the global Power Tools market in 2017. The region is anticipated to expand during the forecast period 2018-2025. Owing to the high presence of developers in the region, the market is expected to witness an increase in the growth rate. Besides this, Asia Pacific is anticipated to witness impressive growth. The growth witnessed is attributable to rising digitalization in nations such as India and China.
Top Players Mentioned:
- Techtronic Industries
- Robert Bosch
- Stanley Black & Decker
- Makita Corporation
- Hilti Corporation
- Apex Tool Group
- Atlas Copco
- & E. Fein etc.
The discovery of new oil wells is likely to fuel the demand in the global market. Moreover, clinical studies taking place to increase the productivity of existing wells is expected to drive the market.
On the flip side, high cost associated with machinery and lack of skilled professionals are certain factors that may hamper the growth in the global Power Tools market.
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Key Market Driver –
- Growing industrialization and industrial automation in developing countries
- Growing adoption of cordless power tools.
Key Market Restraint –
- The high maintenance cost of power tools and fluctuations in raw material prices
Major Segments Includes:
- By Type
- By Industry
- By Function
- By Geography
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The report also classifies leading players of the market. Besides this, the report offers innovative strategies to succeed in the market. All the information gathered is from a reliable primary and secondary sources. The analysis conducted is based on industry-leading tools and techniques. Some of the organizations operating in the global Power Tools market are Power Tools.
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Major Table of Content For Power Tools Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Power Tools Market Analysis, Insights and Forecast, 2026
- North America Power Tools Market Analysis, Insights and Forecast, 2026
- Europe Power Tools Market Analysis, Insights and Forecast, 2026
- Asia Pacific Power Tools Market Analysis, Insights and Forecast, 2026
- Middle East and Africa Power Tools Market Analysis, Insights and Forecast, 2026
- Latin America Power Tools Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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