Global Power Tools Market’s Growth with Worldwide Industry Analysis to 2025
The Infinium Global Research analyzes the Power Tools Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size, and future trends in the global power tools market. It will help a lot of decision-makers to develop strategies and find new opportunities in the global markets of power tools. The report covers market-changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the power tools market during the period. The global power tools market is projected to grow at a CAGR of 4.83% over the forecast period of 2019-2025.
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According to IGR research analysts, power tools are high in demand from the automotive and construction sector due to their high efficacy, effectiveness, and smooth operation. Automotive power tools are used to perform many high-strength tasks such as driving larger screws into more hardened materials and cutting metal sheets in the automotive industry. In pursuit of sales growth, global automakers are heavily investing in power tools that drive the growth of the power tools market.
Electronics Segment Anticipated to Grow at a Rapid Pace Over the Forecast Period in the Global Power Tools Market
The report gives an in-depth analysis of the global power tools market, focuses on market opportunities along with the trends driving the market. It provides the market segmentation by operation (electric power tools which further include cord and cordless, pneumatic power tools, and other modes of operations), by tool type (drilling and fastening/driving tools, demolition tools, sawing and cutting tools, material removal tools, routing tools, and other tool types), by applications(Industrial applications which include electronics, construction, aerospace, automobiles, and other industrial applications and residential applications) and by geography.
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North America Holds Dominance in the Global Power Tools Market
Among the regions, the North America region holds the largest share in the global power tools market. The increasing reconstruction industry, coupled with the growing automotive sector, favors the growth of the power tools in the North America region. Additionally, the presence of several power tool manufacturers such as Stanley Black & Decker, Inc., Apex Tool Group, and Delta Power Equipment Corporation contributes to the revenue of the North America power tools market.
Major Key Players in the Global Power Tools Industry
The key players featured in the report are 3D Systems Corporation, EnvisionTEC, Stratasys Ltd, Arcam AB, Cyfuse Biomedical K.K., Organovo Holdings, Inc., EOS GmbH, FabRx Ltd., Materialise NV, Concept Laser GmbH, and Other Companies.
Infinium Global Research comprises a team of well-experienced analysts who have qualified in generating incisive reports. The power tools market report offers trends, opportunities, challenges, market size, and forecasts for major geographical regions and key countries. This report studies the power tools market in the global market, especially in North America, and Asia-pacific, with production, revenue, consumption, import, and export in these regions. Each IGR syndicated research report covers different sectors such as healthcare & medical devices, chemicals, energy, Food & beverage, semiconductors, consumer goods, and Infra. IGR has published a related report on hand tools market, gold jewelry crafting tools market, automotive diagnostic scan tools market, and concrete mixing machines and tools market.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the power tools.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.