According to this latest study, the growth in the Power Tools and Hand Tools market will change significantly from the previous year. Over the next six years, Power Tools and Hand Tools will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.
The
Power Tools and Hand Tools are
those instruments deployed in various mechanical tasks like cutting, carving,
ploughing, drilling etc. Hand tools are mechanically hand driven and require no
power or energy for their operation whereas power tools are either electrically
driven or air driven. Hand and power tools are generally used in almost every
industry including manufacturing, gardening, healthcare among others.
This Power
Tools and Hand Tools market is at a
growing age currently due to increase in use of hand and power tools in do it
yourself activities. Moreover, major factors driving the world hand tools
market include increase demand from automotive maintenance and repair sector
along with advancements in the production technology of hand and power tools.
Also, increasing use of hand and power tools in industrial applications is
another factor driving the overall market.
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Leading Key
Players Covered in Power Tools and Hand Tools market:
·
Bosch
(Robert) GmbH
·
Actuant
Corporation
·
AIMCO
Corporation
·
Atlas
Copco AB
·
Allied
Trade Group (ATG) Stores
·
Alltrade
Tools LLC
·
AMES
Companies
·
Ancor
·
Apex
Tool Group LLC
·
DEPRAG-Schulz
GmbH and Company
·
Black
& Decker
·
Makita
·
Garden
Weasel
These
companies are devising key strategies such as acquisitions, merges,
collaborations, partnerships, new product launches, regional expansions, and targeting
untapped markets to gain competitive advantage over other players working in
the market.
Introspective Market Research offers a comprehensive
overview of the market through the analysis of key parameters such as revenue,
price, competition, and promotions, as well as the study, synthesis, and
summarization of data from different sources. It analyzes the leading industry
drivers and shows numerous market components. The information offered is
thorough, dependable, and the result of a comprehensive primary and secondary
study. Introspective Market Research reports offer a comprehensive global
market as well as an in-depth strategic sourcing methodology and analysis based
on qualitative and quantitative research to anticipate market growth.
Segmentation
of Power Tools and Hand Tools market:
By Type:
·
Sanders
·
Grinders
·
Oscillating and rotary tools
·
Woodworking power tools
·
Concrete power tools
·
Compressors and accessories)
·
Drills
·
Saws
By
Application:
·
Industrial
·
Residential
Geographic Segment Covered in the
Report
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
·
Asia-Pacific
(China, India, Japan, Southeast Asia, Rest of APAC)
·
Middle
East & Africa (GCC Countries, South Africa, Rest of MEA)
·
South
America (Brazil, Argentina, Rest of South America)
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Key benefits of the report
- This study presents the
analytical depiction of the global Power Tools and Hand Tools industry
along with the current trends and future estimations to determine the
imminent investment pockets.
- The report presents
information related to key drivers, restraints, and opportunities along
with detailed analysis of the Power Tools and Hand Tools market share.
- The current market is
quantitatively analyzed from 2022 to 2028 to highlight the Power Tools and
Hand Tools market growth scenario.
- Porter’s five forces analysis
illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed
Power Tools and Hand Tools market analysis based on the present and future
competitive intensity of the market.
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