Power Tools Market 2019 Global Share, Trend And Opportunities Forecast To 2024
February 06, 2019 at 02:30 AM EST
Wiseguyreports.Com Adds “Power Tools -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024” To Its Research Database
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.
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.
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Types of Power Tools Covered:
End Users Covered:
What our report offers:
Table of Content
1 Executive Summary
9 Key Developments
10 Company Profiling
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