Envision Report

Published March 28, 2018

Global Power Tools Market – Size, Outlook, Trends and Forecasts (2018 – 2024)

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Power tools are priorly used in manufacturing and construction industry that is operated by an additional power source and mechanism other than solely manual labor used with hand tools. These tools are operated by several operations such as drilling, sanding and other tools such as screw driving. This power tool is one of the primary equipment in the construction industry.

Global Power Tools Market Segments Size & Growth:

Global power tools market is valued at $27.19 Billion in 2017 and is estimated to reach $35.90 Billion by 2024 at a CAGR of around 4.8%. The key growth factors driving the market include constantly growing construction industry in emerging economies, increasing the need for automation, increasing global sales for commercial vehicles and rising adoption of high-density lithium-ion batteries for charging cordless power tools. However, high maintenance cost and human safety concerns are hampering the market growth.

Global Power Tools Market Segments Share:

Global power tools market is classified into the mode of operation, tool type, end user, and geography. Based on the mode of operation, the market is categorized into electric tools, pneumatic tools, and others among which electric tools are sub-segmented into corded tools and cordless tools. Electric power tools segment is accounted for more than 71% of the total market share. In which corded tools are the dominated tools in the market. Owing to the improvement in batteries due to the strong replacement of Ni-Cd batteries with Li-Ion batteries and increasing adoption of cordless tools help the market for cordless tools to grow at a higher rate.

Based on tool type, the market is categorized into drilling & fastening tools and demolition tools among which drilling & fastening is sub-segmented into drills, impact drivers, impact wrenches, screwdrivers, and nutrunners. Demolition tools are subcategorized into rotary hammers, sawing & cutting tools, material removal tools, and routing tools. Among which drilling and fastening tools holding to the largest market share among all other tool types in the power tools market and is likely to continue during the forecast period. Drilling and fastening tools are used in various industries, which includes automotive, aerospace, electronics, and consumer appliances, energy, and shipbuilding owing to which the market is experiencing a substantial growth.

Based on the end user, the market is segmented into automotive, aerospace, residential, construction, and others. Construction is the largest shareholder in the market. The construction industry is majorly dependent on power tools. They are utilized for various construction applications, which includes drilling, driving, demolition, concrete cutting, and polishing. The growing construction activities in countries such as the US, China, and India, demand technologically advanced and innovative power tools, thereby driving the market growth.

Geographically analysis on the global market gives information on the basis of regions and the regions are Asia-Pacific, Europe, North America, South America and Middle East and Africa. Among which North America is anticipated to dominate the market owing to the significant growth in construction and manufacturing and automotive industries. APAC is the fastest-growing region for the market owing to the continuous infrastructural growth in emerging countries such as China and India. Rising automotive sales all over the world, and increasing installation of wind power plants. With the growing urbanization in India, there has been a huge demand for power tools for the construction of urban development projects. The shipbuilding industry in South Korea, Japan, and China is expected to fuel the growth of the market to a certain extent.

Global Power Tools Market Trends:

  • The shift towards cordless power tools.
  • Battery switches and product developments.

Global Power Tools Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions, which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.

The major market players are

  • Atlas Copco India Ltd
  • Apex tool group
  • Stanley Black & Decker Inc.
  • Snap-on Inc.
  • Robert Bosch GmBH

Along with these companies, there were many other companies considered/cited in the report while analyzing the automotive sunroof market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.”

 

 

 

 

1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

4 Market Dynamics

4.1 Drivers

4.1.1 Constantly growing construction industry in emerging economies.

4.1.2 Increasing global sales for commercial vehicles.

4.1.3 Increasing need for automation.

4.1.4 Rising adoption of high-density lithium-ion batteries for charging cordless power tools.

4.2 Restraints & Challenges

4.2.1 High maintenance cost.

4.2.2 Declining automotive sales.

4.2.3 Human safety concerns.

4.2.4 Strict trade policies and safety regulations.

4.2.5 Manufacturing Ergonomic and Lightweight Power Tools.

4.3 Opportunities

4.3.1 Growth in emerging economies and increase in application areas.

4.3.2 Focus on manufacturing smart power tools with wireless connectivity.

5 Global Power Tools Market – By Mode of Operation

   5.1 Electric tools

5.1.1 Corded tools

5.1.2 Cordless tools

5.2 Pneumatic tools

5.3 Others

6 Global Power Tools Market – By Tool Type

6.1 Drilling & fastening tools

6.1.1 Drills

6.1.2 Impact drivers

6.1.3 Impact wrenches

6.1.4 Screw drivers & nutrunners

6.2 Demolition tools

6.2.1 Rotary hammers

6.2.2 Sawing & cutting tools

6.2.3 Material removal tools

6.2.4 Routing tools

7 Global Power Tools Market – By End-user

 7.1 Automotive

7.2 Aerospace

7.3 Energy

7.4 Residential

7.5 Construction

7.6 Others

 8 Global Power Tools Market – By Geography

 8.1 North America

8.1.1 U.S.

8.1.2 Canada

8.1.3 Mexico

8.2 Europe

8.2.1 U.K

8.2.2 Germany

8.2.3 France

8.2.4 Italy

8.2.5 Spain

8.2.6 Others

8.3 Asia-pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 Australia & New Zealand

8.3.5 South Korea

8.4 South America

8.4.1 Brazil

8.4.2 Argentina

8.4.3 Others

8.5 Middle East and Africa

8.5.1 Middle East

8.5.2 Africa

8.5.3 Others

9 Global Power Tools Market – Competitive Landscape

9.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

9.2 Market Share Analysis

9.3 Strategies Adopted By Top Companies

 10 Global Power Tools Market – Company Profiles

10.1 Atlas Copco India Ltd

10.2 Apex tool group

10.3 Stanley Black & Decker Inc.

10.4 Snap-on Inc.

10.5 Robert Bosch GmBH

10.6 Ingersoll-Rand Inc.

10.7 Hitachi Koki Co Ltd

10.8 Hilti Corporation

10.9 Techtronic industries company Ltd

10.10 Makita Corporation

10.11 Emerson electric

10.12 Kyocera Corporation

10.13 Danaher Corporation

10.14 Amico global

10.15 Chevron Corporation

11 Market Insights

11.1 Insights of Industry Experts

11.2 Analyst Opinion (Market Understanding)

11.3 Investment Opportunities

 12 Appendix

12.1 List of Tables

12.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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