Power Tool – Global Market Outlook (2017-2023)

According to Stratistics MRC, the Global Power Tool Market is accounted for $29.63 billion in 2016 and is expected to reach $46.21 billion by 2023 growing at a CAGR of 6.5% during the forecast period.

Gaithersburg, US - July 11, 2017 /MarketersMedia/ —

Factors such as rising demand in housing funds, change in lifestyle and growing demand of automation are fueling the market growth. However, rising concerns for human security is hampering the market. Growth in emerging economies provides ample of opportunities for the market growth.

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By mode of operations, pneumatic power tools segment is anticipated to hold the largest market share during the forecast period attribute to the huge price and unavailability of compressed air cylinders. By geography, North America commanded the largest market share during the forecast period due to the growing construction, manufacturing, and automotive industries in this region.

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Some of the key players in Power Tool market include Danaher Corporation, Stanley Black & Decker, Inc., Allied Trade Group (ATG) Stores, Husqvarna, Freudenberg, Robert Bosch GmbH, Casal Power Tools, Apex Tool Group LLC, Klein, Techtronic Industries Co. Ltd., Emerson Electric Co., Hitachi Koki Co., Ltd., Makita Corporation, Atlas Copco and Craftsman.

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Power Sources Covered:
• Cordless Electric Power Tools
• Corded Electric Power Tools

Applications Covered:
• Electronic
• Automobile
• Aerospace
• Semiconductors
• Construction
• Other Applications

Mode of Operations Covered:
• Hydraulic Power Tools
• Pneumatic Power Tools
• Electric Power Tools
o Planers and Routers
o Polishers and Grinders
o Screwdrivers
o Drills
o Sanders
o Impact Wrenches
o Saws
o Other Electric Power Tools
• Powder-actuated Power Tools
• Engine Driven Power Tools
• Other Mode of operations

End Users Covered:
• Non-Residential
• Residential

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of APAC
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 216384