Global Power Tools Market Report: Strategic Assessment and Forecast 2017-2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Power Tools Market - Strategic Assessment and Forecast 2017-2022" report to their offering.

The global power tool market to grow at a CAGR closed to 5.9% by 2021. Technological innovations especially those pertaining to Lithium-ion batteries and brushless motors are blurring out the performance limitation set for the power tools.

The power tools industry is going to witness a uplift in its market size in terms of revenue. One of the structural factors driving and shaping the market for power tools is increased foreign investments and public spending in emerging economies. Furthermore, cordless tools stand to be a key driver for the market wherein the rise in portable and maneuverable power tools is widening the scope of their usage especially in the DIY segment.

Electric motor remains to be the most widely preferred choice because of their low cost, easier maintenance and versatility. Battery-driven power tools are soon catching up with advancements in Lithium ion battery technology.

Corded power tools constitute a major part of the power tools market generating a major chunk of the market revenues. Whereas the analysts expect the cordless domain with most of action and one of the segment capable of shaping the prospects of cordless power tools market.

Household demand for power tools is driven by Do-it-yourself trend wherein Industrial power tools form an indispensable part of manufacturing and infrastructural end uses. Sales of industrial power tools is expected to surpass that of household power tools growing at a CAGR close to 5%.

Scope of The Report

By Equipment Type

- Battery Driven

- Electric Motor

- IC or Hydraulic

- Pneumatic

- Powder-actuated

By Type

- Corded

- Cordless

By End-User

- Household

- Industrial

Companies Mentioned

- 3M

- Apex Tool Group

- Atlas Copco

- Baier

- Craftsman Tools

- Dawer Tools

- Great Star tools

- Hilti Corporation

- Hitachi

- Makita Corporation

- Robert Bosch GmbH

- SKF AB

- Snap-on

- Stanley Black & Decker

- Techtronic Industries

For more information about this report visit http://www.researchandmarkets.com/research/5wj7c3/global_power

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Hand Tools

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Hand Tools