Global Power Tool Accessories Industry to 2027 – Players include Atlas Copco, Husqvarna and Robert Bosch among others – ResearchAndMarkets.com

The report “Power Tool Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global power tool accessories market reached a value of US$1.85 billion in 2021. Looking ahead, the publisher expects the market to reach US$2.59 billion by 2027, posting a CAGR of 5.6% in 2022-2027.

Companies cited

  • Apex Tool Group LLC (Bain Capital Partners)

  • Atlas Copco AB

  • Hilti Aktiengesellschaft

  • Husqvarna Group

  • Ingersoll-Rand Plc (Gardner Denver Holdings Inc.)

  • Klein Tools Inc.

  • Koki Holdings Co.Ltd. (KKR & Co. Inc.)

  • Makita Corporation

  • Robert Bosch GmbH

  • Snap-On Incorporated

  • Stanley Black & Decker Inc.

  • Techtronic Industries Company Limited

Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on different end-use sectors. This information is included in the report as a major market contributor.

Power tool accessories refer to additional fittings that are used in various electrical, pneumatic and motor-driven electrical devices. Drills, screwdrivers and router bits, abrasive wheels, saw blades, chippers and threading products are some of the commonly used power tool accessories. These accessories are ergonomically designed to improve the efficiency, convenience of use, battery performance and connectivity of power tools. They also help simplify repetitive tasks and minimize the risk of human error and injury. For this reason, they find many applications in various industries, including electronics, construction, logistics, manufacturing, and aerospace.

Rapid industrialization, along with the emerging trend of automation across the world, is one of the major growth drivers. Additionally, expanding construction and automotive sectors are also driving the growth of the market. With this in mind, there is an increasing demand for metal works, such as stamped metal products, fasteners, and springs, which are fabricated using power tools, thereby increasing the use of power tool accessories.

The widespread adoption of cordless power tools equipped with high-density lithium-ion (Li-ion) batteries is also creating a positive impact on the growth of the market. Compared to devices traditionally used, cordless power tools, such as hammer drills, impact wrenches and circular saws, are more compact, mobile, versatile and have a longer lifespan. Other factors including rapid urbanization along with the development of smart technologies and low-cost and energy-efficient power tools are expected to further boost the market.

Key questions answered by this report

1. What is the growth of the global power tool accessories market?

2. What are driving the global power tool accessories market?

3. What are the key industry trends in the global power tool accessories market?

4. What is the impact of COVID-19 on the global power tool accessories market?

5. What is the global power tool accessories market split by type?

6. What is the Global Power Tool Accessories Market split by Application?

7. What is the global power tool accessories market split by end-use industry?

8. What are the major regions of the global power tool accessories market?

9. Who are the key companies/players in the Global Power Tool Accessories Market?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive Summary

4 Presentation

4.1 Overview

4.2 Key Industry Trends

5 Global Power Tool Accessories Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakdown by Type

7 Market Breakdown by Application

8 Market Breakdown by End-Use Sector

9 Market Breakdown by Region

10 SWOT Analysis

11 Value chain analysis

12 Analysis of the five forces of carriers

13 Price Analysis

14 Competitive landscape

14.1 Market structure

14.2 Major Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/64lsig

Comments are closed.