Global Market Research Reports : Ken Research: Global Power Tools Market

Showing posts with label Global Power Tools Market. Show all posts

Thursday, August 12, 2021

Massive Technological Advancements Propels the Growth of Power Tools Market Outlook: Ken Research

Power tools have the applications in a variety of functions, which has been allowing the growth in their implementation around the several industries. Speedy enlargement in the end-use industry comprising the aerospace, furniture, automotive and several others is positively propelling the requirement for the power tools. With the applications such as electric motors, power tools features have been developing to eliminate strenuous manual labor around the industries. In addition, such tools are often existing in various forms and are modest to operator tools comprise hammer drills, electric screwdriver, and fast screw guns. Electric drilling and fastener tools are utilized by the professionals and DIY consumers, while most pneumatic drilling and fastener tools are optimized in industrial environments such as automotive and aerospace manufacturing plants.

Power Tools Market Growth Forecast states that the effective growth in adoption of electric power tools in the construction industry, due to the features of electric power tools such as portability, usability in distant locations, and high productivities, influence the market growth of electric power tools. However, the global power tools market revenue is projected to increase at a substantial rate due to a surge in popularity of DIY approaches, investments in infrastructural improvements, and an augment in disposable income of people. Throughout the past few years, India spent approximately one-ninth share of its GDP on infrastructural improvements activities, which is projected to escalate in the imminent years. This growth in infrastructural enhancement activities is anticipated to fuel the implementation of power tools in India.

Perhaps, the power tools assist to decrease the time spent on unnecessary, repetitious activities while also growing efficiency. As a result, power tools are progressively being employed by producers of vehicles and breadwinners of automotive maintenance and repair service solutions. Likewise, the construction industry's augmented usage of wrenches, sanders, drills, and several other equipment is raising requirement for these items. Owing to their high mobility and simplicity of usage, power tools are becoming more common in-home applications, which are anticipated to make way for speedy expansion of the worldwide power tools market revenue in the years to come. As power tools are gathering traction around worldwide locations due to the ease of their operations. This aside, these tools are effortlessly available and portable in nature. Increasing focus of foremost worldwide regions toward their infrastructural development is stimulating requirement opportunities in the worldwide power tools market.

Furthermore, with the increasing construction industry, especially in the emerging economies as well as the increasing demand for smart Power Tools with wireless connectivity is propelling the growth of the market. Although, the Global Power Tools Market forecast report of Ken Research delivers a holistic evaluation of the market. The report bids comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and aspects that are playing a considerable role in the market. In addition, the effective growth in adoption of Power Tools in the automotive and construction industry is projected to drive their requirement over the next coming years.

For More Information, refer to the below link: –

Power Tools Market Research Report

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Monday, June 22, 2020

The Large Scale Application of Power Tools in Construction and Automotive Sector to Drive Power Tools Market over the Forecast Period: Ken Research

Power tools include assembly tools, precision instruments that requires a regular maintenance of moving parts. These tools are designed for the compulsory recalibration at regular time intervals for their precise operations. These tools consist of motors, batteries, power connections, and other are some of the key components of power tools. The regular maintenance activities such as oiling, sharpening, replacement of parts, and other repairs are required for proper working of tools, which in turn may incur a high cost. The consumers particularly in developing countries may not want undue expense to be incurred on maintenance of power tools due to availability of low-cost manual labor. Some of the key application areas of using power tools include material removal tools such as grinder’s abrasive cutting, grinding, and polishing applications. Moreover, manufacturers have started using brushless motors that are more efficient than brushed models to fetch out more powerful cordless electric tools. The power tools may face an increased competition from low-cost imports, particularly among more basic items. They are widely used in metal fabrication shops, automotive worksites, and construction sites.

According to study Power tools market research report some of the key players manufacturing power tools include Atlas Copco AB, Emerson Electric Co., Hilti Corporation, Ingersoll-Rand plc, Koki Holdings Co., Ltd., Makita Corporation, Robert Bosch GmbH, Snap-on Incorporated, Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.The players operating in the power tools market have adopted new strategies associated to product launch and business expansion for strengthening their market outreach and sustaining stiff competition in the market.

The easy of availability & portability of electric power tools is expected to stimulate implementation of everyday applications such as drilling, sawing, and cutting, which in turn expected to boosts global power tools market revenue. Further, the market is expected to witness increased adoption owing to factors associated such as rise in application of power tools such as automobile, construction, energy, aerospace, and others. The demand of power tools is largely driven by the increase in adoption of electric power tools and growth of energy efficient power tools. However, high purchase costs of electric power tools are anticipated to impede the growth of the market. The power tools are often available and used in various forms that are simple to operator including hammer drills, electric screwdriver, and fast screw guns.

The power tools industry is expected to register revolutions in aspect of tool design, ergonomics, efficiency & productivity, battery performance, and other connectivity associated to technologies. The manufacturers are further investing in more towards cordless power tools for making it better positioned for themselves in a highly competitive power tools market. However, factors such as unavailability of skilled labour and high costs including hiring of professionals from basic services in major cities across the country are further anticipated to create significant opportunities and drive demand for power tools which in turn may drive power tools market revenue. Power tools have various applications in an automotive industry performing high-strength tasks and cutting heavy metals. The ongoing investment by the automotive industry in power tools is multiplying the growth of the market.

For More Information, refer to below link:-

Industry Research Reports for Power Tools

Related Report:-

World Power Tools Market Research Report 2025(covering USA, EU, China, South East Asia, Japan and etc)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Monday, June 15, 2020

Rise in Industrial & Construction Activities to Drive Power Tools Market over the Forecast period: Ken Research

The global power tools market revenue is expected to grow at a significant rate due to increased popularity of DIY & household activities, investments associated to the infrastructural developments, and supported by the rise in disposable income.The power tools further include different devices such as handheld machine drills to the hydraulic presses and the pneumatic tools. Power tools are also used for the wide scale applications as household tasks, construction, gardening, etc. The power tools industry is registering new inventions in aspect of tool design, ergonomics, efficiency and productivity, battery performance, and other connectivity technologies. The manufacturers are also investing more for the cordless power tools for better positioning in a highly competitive power tools market.

Some of the key players operating in the global power tools market research report include Robert Bosch Tool Corporation, Hitachi Koki Co., Ltd, Stanley Black & Decker, Inc., Makita Corporation, Hilti Corporation, Husqvarna, Techtronic Industries Co. Ltd, Snap on, Festool (TTS), Otto Baier GmbH and many others.

The cordless power tools include a wide range of battery-powered tools, such as hammer drills, impact wrenches, and circular saws, nailers and staplers. The demand for use of mobile, flexible, and compact tools is expected to drive the market for the cordless tools. The Lithium-ion batteries have also been replacing the conventional nickel–cadmium (Ni-Cd) and nickel–metal hydride (Ni-MH) power tools. Development in battery technology has contributed to increase in adoption of the cordless power tools that can last longer once charged. The use of power tools, such as assembly tools, precision instruments, regular maintenance of moving parts. Moreover, the comfort of using delivered power tools have further made it prevalent for the non-professional users using it for the household needs. Further, the market has observed increased in adoption due rise in use of power tools with a multitude of industries for automobile, construction, energy, aerospace, and others.

The power tools market is segmented based on mode of operation, tool type, application, and region. Based on mode of operation, market is segmented into electric, pneumatic, and others. The electric power tools dominate the market. Based on type of tool type, market is analyzed into drills, wrenches, material removal tool, saws, and others. Based on application, market is segmented into industrial, professional, and household. Among the applications, the industrial power tools have dominated the owing to efficiency, accuracy, and perfection by reducing the human errors and enhancing safety of workforce.

Based on geography Asia-Pacific dominates power tool market due wide scale increase in industrialization and urbanization across countries like China, India, and Southeast Asian countries such as Malaysia and Indonesia. Moreover, increase in export value and volume of power tools to drive the global power tool market is also driving the growth of the market. The North American region held second largest market for the power tools due to increase in manufacturing industries coupled with well-established distribution network. However, the high labor cost is adding the concern for the manufacturers in region.

For More Information on the research report, refer to below link:-