Nowadays, power tools are gaining huge popularity in household applications due to the ease of mobility and easy operability. The increasing trend of Do-It-Yourself activities has augmented household users' demand for power tools. The “drilling and fastening” is expected to be the fastest-growing type segment during the forecast period. Drilling and fastening products are easy to use, inexpensive compared to other power tools, and frequently used in household and industrial applications.

• Data Bridge Market Research analyses that the power tools market is expected to reach USD 56.48 billion by 2030, which is USD 36.25 billion in 2022, registering a CAGR of 5.70% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

• When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2021, Stanley Black Decker, Inc. entered in partnership with Eastman to im[prove sustainability in  power tools market. BLACK+DECKER, a Stanley Black Decker brand, would be launching a new product line, specifically reviva, which would be offering the  first sustainability-led power tools brand that use Eastman's Tritan Renew copolyester.
• In 2021, DEWALT, a Stanley Black Decker brand, announced the intoduction of DEWALT POWERSTACK 20V MAX Compact Battery. This next-generation technological breakthrough results in a new period of performance for DEWALT cordless power tools.
• In 2021, Robert Bosch Power Tools GmbH announced the growth of its comprehensive product line of wood cutting and woodworking solutions with the launch of its 18V and 12V cordless sanders. This cordless sanders are designed for convenience and optimal balance.
• In 2021, Robert Bosch Power Tools GmbH announced the newest entries to its line of random orbit sanders comprising GEX33-6N 6 In., GEX33-5N, 5 In., and GEX34-6N 6 In. These sanders are designed for professionals.

Global Power Tools Market Scope

• The power tools market is segmented on the basis type, mode of operation, application, material, end user and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Sawing and Cutting
• Jigsaw
• Reciprocating Saws
• Circular Saws
• Band Saws
• Shears and Nibblers
• Drilling and Fastening
• Drills
• Impact Drivers
• Impact Wrenches
• Screwdrivers and Nutrunners
• Demolition
• Demolition Hammers
• Routing
• Routers/Planers/Joiners
• Portable Nibblers
• Air-Powered
• Material Removal
• Sanders/Polishers/Buffers
• Air Scalers
• Grinders
• Angle Grinders
• Die and Straight Grinders
• Electric Cords and Plugs
• Accessories
• Others

 Mode of Operation

• Electric
• Corded
• Cordless
• Liquid Fuel Hydraulic
• Pneumatic
• Powder-Actuated

Application

• Concrete and Construction
• Woodworking
• Metalworking
• Welding
• Others

 Material

• Concrete
• Wood/Metal
• Brick/Block
• Glass
• Others

 End User

• Industrial/Professional
• Residential

 Sales Channel

• Indirect Sales
• Direct Sales

 Get Sample Details

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-power-tools-market

Power Tools Market Regional Analysis/Insights

• The countries covered in the power tools market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (Competitive Landscape and Power Tools Market Share Analysis
• The power tools market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to power tools market.

Some of the major players operating in the power tools market are:

• Stanley Black Decker, Inc. (U.S.)
• Robert Bosch GmbH (Germany)
• Techtronic Industries Co. Ltd. (China)
• Makita Corporation (Japan)
• Hilti Corporation (Liechtenstein)
• Atlas Copco AB (Sweden)
• Ingersoll Rand (U.S.)
• Snap-on Incorporated (U.S.)
• Apex Tool Group (U.S.)
• Koki Holding Co., Ltd. (Japan)
• Honeywell International Inc. (U.S.)
• 3M (U.S.)
• Emerson Electric Co. (U.S.)
• Festool GmbH (Germany)
• KYOCERA Corporation (Japan)
• Makita Corporation (Japan)
• Husqvarna AB (Sweden)

Full Access of Report @ https://www.databridgemarketresearch.com/reports/global-power-tools-market

MAJOR TOC OF THE REPORT

• INTRODUCTION
• MARKET SEGMENTATION
• EXECUTIVE SUMMARY
• PREMIUM INSIGHTS
• MARKET OVERVIEW
• QUESTIONNAIRE

Get TOC Details         

https://www.databridgemarketresearch.com/toc/?dbmr=global-power-tools-market

Related Reports: 

• Protein Ingredients for Sports Nutrition Market to Garner Size, Share, Growth, Demand, Challenges, Opportunities and Competitive outlook https://www.databridgemarketresearch.com/reports/global-protein-ingredients-for-sports-nutrition-market
• Residues Contamination Testing Market Is Likely to Upsurge, Size, Share, Trend, Demand, Challenges and Competitors Outlook https://www.databridgemarketresearch.com/reports/global-residues-and-contamination-testing-market
• Xylitol Market to Exhibit a Striking Growth of Size, Share, Trends, Competitive Scenario and Industry Growth Analysis https://www.databridgemarketresearch.com/reports/global-xylitol-market
• Nutricosmetics Market to Perceive Remarkable, Size, Share, Trends, Demand, Opportunities and Segmentation Analysis https://www.databridgemarketresearch.com/reports/global-nutricosmetics-market
• Recombinant Non-Glycosylated Proteins Market is expected to reach the Value of, Size, Share, Growth, Demand and Opportunity Outlook https://www.databridgemarketresearch.com/reports/global-recombinant-non-glycosylated-proteins-market
• Radiation Dose Management Market Is Predictable to Touch Size, Share, Business Opportunities, Demand, Upcoming Trends, Segmentation and Revenue Outlook https://www.databridgemarketresearch.com/reports/global-radiation-dose-management-market
• Antithrombin Market to Perceive Notable Growth of Size, Share, Trends, Demand and Segmentation Analysis https://www.databridgemarketresearch.com/reports/global-antithrombin-market
• Cloud Systems Management Software Market to Garner, Growth Insight, Share, Competitive Analysis, Statistics, and Trends forecast https://www.databridgemarketresearch.com/reports/global-cloud-systems-management-software-market
• Identity and Access Management Market to Exhibit a Striking Growth of, Future Developments, Opportunities, Trends, Revenue Growth and Demand Outlook https://www.databridgemarketresearch.com/reports/global-identity-access-management-market
• Connected Packaging Market to Experience Substantial Growth of Size, Share, Rising Demand and Competitors Outlook https://www.databridgemarketresearch.com/reports/global-connected-packaging-market
• RFID Tags Market Is Likely to Upsurge, Growth Tactics, Future Strategies, Size, Share and competitive Outlook https://www.databridgemarketresearch.com/reports/global-rfid-tags-market
• Biosimilar Market Destine to Reach, Size, Share, Industry Growth Rate, Demand, Trends Revenue Forecast https://www.databridgemarketresearch.com/reports/global-biosimilar-market
• Enteroscopes Market to Obtain Overwhelming Growth of, Size, Share, Trends, Growth Forecast, Opportunities and Competitive Outlook https://www.databridgemarketresearch.com/reports/global-enteroscopes-market

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

Contact Us:

Data Bridge Market Research

US: +1 888 387 2818

UK: +44 208 089 1725

Hong Kong: +852 8192 7475

Email:- [email protected]