Hi, what are you looking for?
The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis the global power tools market is expected to be reach US$ 33.36 Bn in 2021.
The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-760
Key Takeaways of Global Power tool Market Study
“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.
Global Power tool Market Competitive Landscape
The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.
Request Brochure: https://www.futuremarketinsights.com/reports/brochure/rep-gb-760
Valuable Insights into Global Power Tools Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).
Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape:
Micro Irrigation Systems Market: Micro irrigation systems market is expected to grow at an exponential rate of more than 13% CAGR through the end of 2031.
Safety Sensors and Switches Market: The safety sensors and switches market in ASEAN countries is estimated to be worth around US$ 891 Mn in 2022. The overall market is anticipated to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028.
Building Automation Systems Market: Global building automation systems market to reach a valuation of US$ 44.6 Bn in 2021. After countering the initial impacts of COVID-19, the market is poised to grow at a robust 7.8% CAGR through 2031.
Industrial Robotics Market: The global industrial robotics market is estimated to surpass US$ 96.82 Bn by the end of 2028. Rising emphasis on enhancing the productivity of high-volume production lines, particularly in the manufacturing of semi-conductors and electronic devices is favoring the growth in the market.
Robotic Lawn Mower Market: Robotic lawn mower market is anticipated to progress steadily at a CAGR of over 11.5% between 2021 and 2031.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Plot No: JLT-PH2-X2A
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
The post Power Tools Industry Will Drive Growth By 5.1% CAGR End Of 2031: FMI appeared first on Future Market Insights.
Ukraine says more than 1,000 fighers are holding out in the Azovstal steel works in the ruined city of Mariupol - Copyright AFP TIMOTHY...
A picture taken on January 24, 2022 shows Abu Dhabi, capital of the UAE. — © AFP Anatolii STEPANOVShatha YAISHThe United Arab Emirates’ President...
Russia is accused of taking tens of thousands of Ukrainians onto territory it controls and of other war crimes - Copyright POOL/AFP Kay NietfeldHere...
The foreign ministers of Group of Seven industrialised nations are meeting in northern Germany - Copyright AFP MOHAMMED ABEDThe G7 group of industrialised nations...
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.