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Power Tools Market
The global power tools market is expected to represent US $ 30,000.8 million in terms of value for the year 2019, and is expected to grow at 5.1% CAGR for the period 2020-2027.
𝗕𝘂𝗶𝗹𝗱𝗲𝗿𝘀: – Apex Tool Group LLC, Atlas Copco AB, Emerson Electric, Co Techtronic Industries, Hilti Corporation, Stanley Black & Decker, Ingersoll-Rand plc, Robert Bosch, Koki Holdings Co., Ltd. and Makita Corporation. Key developments
A power tool is a tool that is driven by an additional source of energy and a mechanism other than manual labor. The most common power tools used to operate electric motors. There are different types of power tools, including electric screwdriver, impact drills, etc. Typically, power tools are used in manufacturing, construction, and DIY activities. These tools come in different sizes and shapes and are quite easy to use. Generally, there are two categories of power tools, namely portable and stationary.
Globally, the adoption of power tools has increased significantly in recent times. This is due to the major advantages offered by cordless tools over corded tools such as portability, light weight and less equipment to carry. Corded power tools are essentially bulky to handle and since they are connected to a power source, users find it difficult to maneuver the tool.
𝗮 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗳𝗼𝗿 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 @
In addition, corded power tools are connected to an electrical source and if there is no electricity available, these tools cannot be used. This can pose a major challenge at the start of construction. Additionally, corded power tools require frequent replacement of cords, as faulty cords can present a potential hazard to safe use. Cordless power tools can be operated easily and are lightweight, so they are more convenient to use. Hence, these factors are expected to drive the growth of the global power tools market during the forecast period.
1) What makes Power Tools Market a candidate for long term investment?
2) Do you know of areas along the value chain where actors can add value?
3) In which geographic region would the products / services be most in demand?
4) What opportunities would emerge from the territory present to existing and potential participants of the power tools market?
5) Is there a risk analysis associated with service providers?
6) What variables are likely to influence the demand for power tools in the coming years?
7) What is the impact of various factors on the growth of the global power tools market?
8) How innovation and technology are changing the power tool market
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It offers an analysis of the evolution of competitive scenarios.
To make informed decisions in companies, it offers analytical data with strategic planning methodologies.
Researchers shed light on market dynamics such as drivers, restraints, trends, and opportunities.
It offers a regional analysis of the Power Tools market along with business profiles of several stakeholders.
It offers a seven-year assessment of the power tool market.
It helps to understand the main key product segments.
It offers massive data on the trending factors that will influence the progress of the power tools market.
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