The global power tools market size was USD 25.79 Billion in 2021 and is expected to register a revenue CAGR of 4.5% during the forecast period, according to latest analysis by Emergen Research. Rising construction and manufacturing industries especially in emerging countries, and rising usage of cordless power tools are some of the key factors driving revenue growth of the market.
The researchers have considered all the factors influencing the growth of the Power Tools market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Power Tools market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Power Tools market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Apex Tool Group, LLC., Emerson Electric Co., Ingersoll Rand, Atlas Copco, Robert Bosch GmbH, Stanley Black & Decker, Inc., Techtronic Industries Co. Ltd., Hilti Group, Makita Corporation, and Koki Holdings Co., Ltd
Research Report on the Power Tools Market Addresses the Following Key Questions:
- Who are the dominant players of the Power Tools market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Power Tools market?
- What are the key growth drivers and restraining factors of the Power Tools market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Power Tools market and its key segments?
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/power-tools-market
Emergen Research has segmented the global Power Tools market on the basis of type, type of care, and region
Segments Covered in this report are:
Mode of Operation Outlook (Revenue, USD Billion; 2019-2030)
- Electric
- Cordless
- Corded
- Pneumatic
- Others
- Electric
Product Outlook (Revenue, USD Billion; 2019-2030)
- Wrenches
- Grinders
- Drills
- Saws
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Industrial
- Residential
In conclusion, the Power Tools Market report is an exhaustive database that will help readers formulate lucrative strategies. The Power Tools Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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