Power Tools Market Growth, Size, Share, Trends, COVID-19 Impact Analysis, and Fo

1. Market Research Report EXCLUSIVE EDITION Global Power Tools Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Power Tools Global Power Tools Market Report Market Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Power Tools Market by Mode of Operation (Pneumatic, Electric, and Others), by Tool Type, (Drills, Material Removal Tool, Saws, Wrenches, and Others), by Application (Industrial and DIY), and Region - Global Trends, Market Share, and Forecast to 2027 Description Description The global power tools market global power tools market is expected to grow from USD 34.9 billion in 2020 to USD 48.6 billion by 2027, at a CAGR of 4.8% from 2021 to 2027. Power tools are mechanical devices that work on different power sources, such as the battery, compressed air, or electricity. Other power tools include hydraulic presses, handheld machine drills, and gas tools, which are utilized for diverse applications, including assembly, production, and maintenance operations. Factors such as growth in industrialization, an upsurge in housing spending, and a rise in urbanization are expected to cater to the development of the global power tools market. In addition, there has been an increase in demand for power tools in do-it- yourself (DIY) techniques amongst household users. The acceptance of DIY methods has led to the market growth due to augmented demand for battery-operated power tools, modifications in consumer lifestyle, and an increase in the disposable income of people. Further, due to the innovative cordless battery technology, greater demand for lithium-ion batteries than nickel-cadmium batteries has garnered the adoption of cordless tools. Strict governing norms for producing cordless power tools and declining prices of electric power tools stimulate the growth of the global power tools market. For instance, in December 2016, the European Union (EU) planned to prohibit the use of . cadmium, a toxic substance in cordless power tools, due to the leakage of cadmium from nickel-cadmium batteries. Get a Sample PDF copy of the Report: Get a Sample PDF copy of the Report: - - https://www.marketstatsville.com/request-sample/power-tools-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Global Power Tools Market Global Power Tools Market Dynamics Dynamics Drivers: Rapid industrialization coupled with an increase in infrastructural Drivers: Rapid industrialization coupled with an increase in infrastructural spending spending Rising expenditure on infrastructure development, such as improvement of bridges, roads, and others. As stated by the Global Infrastructure Outlook, by 2040, the global population is estimated to grow by approximately two billion. The urban population will increase by 46%, triggering massive demand for infrastructure support. An increase in urbanization has led to the expansion of the industrial sector throughout the globe, boosting the power tools market. The industrialization has increased due to development in transportation, high immigration, new inventions, and high investment, majorly in the Asia-Pacific region. Moreover, the rise in urbanization has resulted in increased construction activities, fueling the demand for cranes and other mining equipment, including hydraulic tools. Restraints: High purchase costs of the electric power Restraints: High purchase costs of the electric power tools tools Although the electric power tools offer high productivity and efficient operations, the technologies employed during manufacturing augment their initial prices. Also, the pneumatic power tools have been in the end-use market for a long time and have achieved popularity in terms of their lower prices and performance. For instance, a DeWALT 20V Cordless 1/2-inch Impact Wrench Kit along with a battery socket kit costs around $219.0 on online retail platforms. However, a DeWALT ½-inch Impact Wrench for heavy-duty operations costs only $140.0 on the same platform. This highlights the price difference between electric power tools and pneumatic power tools, which hampers the electric power tools adoption; thereby, restraining its market growth. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Opportunities: Technological Opportunities: Technological Innovations Innovations The rising penetration of automation technologies worldwide has made it possible to track the tool productivities from remote platforms such as computer software, mobile application platforms, and others. The automation technologies primarily include inventory management solutions to conserve monetary expenses and time caused by mismanagement of tools operations. The major tool manufacturers have already adopted these technologies to improve the tool performances. For instance, Robert Bosch GmbH, based in Germany, offers BOSCH Toolbox App for its Bosch Power Tools. The app provides features such as project documentation, conversion tools, tracking of Bosch tools, service locators, and others. In addition, through its brand DeWALT, Stanley Black & Decker offers a Tool Connect Inventory management solution. It features a connection between the mobile application and the power tool through Wi-Fi, and the data collected can be transferred to an inventory management portal. It allows tracking of tools, equipment, and materials on multiple job sites from one central location. Buy an exclusive copy: Buy an exclusive copy: - - https://www.marketstatsville.com/buy-now/power-tools-market?opt=2950 Scope of the Scope of the Report Report The Global Power Tools Market, by Mode of The Global Power Tools Market, by Mode of Operation Operation Electric Pneumatic Others © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. The Global Power Tools Market, by Tool The Global Power Tools Market, by Tool Type Type Drills Material Removal Tool Saws Wrenches Others The Global Power Tools Market, by The Global Power Tools Market, by Application Application Industrial DIY The Global Power Tools Market, by The Global Power Tools Market, by Region Region North America (US, Canada, Mexico) South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. The electric segment of the power tools market is projected to account for the largest share by mode of The electric segment of the power tools market is projected to account for the largest share by mode of operation operation Based on the mode of operation, the power tools market has been segmented into electric, pneumatic, and others. The power tools segment accounted for the largest share of 68.3% of the global power tools market in 2020. Electric power tools are widely used in the professional and consumer markets. Companies have launched electric power tools, which are easy to handle and smooth by function. For instance, in January 2018, Apex Tool Group extended its product offerings that include tightening solutions and assembly systems worldwide across numerous industries such as aerospace and automotive through its brand Cleco. Further, major vendors have introduced affordable, compact, small, and energy-efficient electric tools to reach a broader customer base. Asia Pacific accounts for the highest CAGR during the forecast period in the power tools market Asia Pacific accounts for the highest CAGR during the forecast period in the power tools market. . Based on the regions, the global power tools market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific includes four main countries, namely, China, India, Japan, and the Rest of Asia-Pacific, analyzed. Asia-Pacific holds the second position in the global power tools market. China accounted for a major share of this market in 2020, and India is expected to experience rapid growth during the forecast period. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. China holds the major share of the power tools market in terms of consumption and manufacturing. However, developing countries such as India, Singapore, Hong Kong, Taiwan, and others have been recognized as essential markets, owing to rapid technological growth. The major players are striving to develop manufacturing units in these markets to improve the production quantities and serve the Asian industries, including construction, automobile, consumer goods, and others. Furthermore, the improving lifestyles and per capita incomes in the Asian countries create opportunities for the home improvement and DIY market; thereby, increasing the demand for power tools for DIY applications. According to the report published in 2018 by the Overseas Development Institute (ODI) based in London, the Asian regional economy grew by 6% in 2017 and is projected to grow significantly until 2025. This influences the overall growth of construction and manufacturing facilities in these regions. Thus, the improvement in overall production facilities is expected to create opportunities for the growth of the power tools market in this region. Request for Report TOC, Table of Figure, Chart, Request for Report TOC, Table of Figure, Chart, etc etc: :- -https://www.marketstatsville.com/table-of-content/power-tools-market Key Market Key Market Players Players The power tools market is mildly concentrated in nature with few numbers global players operating in the market such as Apex Group, Atlas Copco, Hilti Corporation, Robert Bosch GmbH, Koki Holding, Co., Ltd., Makita Corporation, Ingersoll Rand Inc., Stanley Black & Decker, Inc., Snap-on Incorporated, and Techtronic Industries CO., Ltd. The other market players include Emerson Electric Co., Chervon (HK) Ltd., and others. These players have been adopting various winning strategies to gain higher shares or retain leading positions in the market. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. Recent Recent Developments Developments In November 2019, Greenlee, a subsidiary of Emerson Electric Co., launched Cordless G1 Versi-Tugger Handheld Puller. It is a new addition to its pulling lineup and is portable and versatile. It can pull up to 68% faster in comparison to manual pulling. In December 2019, Hilti launched the world's first cordless breaker, TE 500-A36. The breaker is specially designed for breaking applications in concrete and masonry. It features a 36-volt 9.0 ah lithium-ion battery and has active vibration reduction (AVR) technology, reducing triaxial vibration by 30%. In August 2019, Bosch launched new 18 V cordless screwdrivers for professionals. The products include cordless drill/driver GSR 18V-55 Professional and cordless combi drill GSB 18V-55 Professional. They also offer maximum torque of 55-newton meters and up to 1,800 rpm. In August 2019, Bosch launched the new Bosch table saw GTS 635-216 Professionals. The saw features a cutting width of up to 635 mm and a saw blade diameter of 216 mm. It is also equipped with a powerful motor of 1,600 watts. Key Issues Key Issues Addressed Addressed What is the market size by various segmentation of the power tools by region and its respective countries? What are the customer buying behavior, key takeaways, and Porter's 5 forces of the power tools market? What are the key opportunities and trends for manufacturers involved in the power tools supply chain? What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market? © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. What and how regulations, schemes, patents, and policies are impacting the growth of the market? What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology? The market player positioning, top winning strategies by years, company product developments, and launches will be? How has COVID-19 impacted the demand and sales of power tools in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period. Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market. Request For Report Analysis: Request For Report Analysis: - - https://www.marketstatsville.com/power-tools-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

13. Research Methodology Market Statsville Group (MSG) research is conducted by industry experts who offer insight into industry structure, market segmentation, product assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of the segments and categories are geographically presented, studied, and estimated based on primary and secondary research. Primary Primary Research Research – – Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers) of the major players who are active in the global software testing market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next six years. Secondary Secondary Research technical, market-oriented, and commercial study of the global software testing market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization, some paid databases, and many others. Research – –Secondary research was mainly used to collect and identify information useful for the extensive, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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