DUBLIN, Dec. 16, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Power Tool Accessories Market 2017-2021" report to their offering.
The report forecasts the global power tool accessories market to grow at a CAGR of 3.45% during the period 2017-2021.
The report, Global Power Tool Accessories Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Over the past few years, the interest in EV in the US automotive sector has surged, with manufacturers beginning to introduce new EV with advanced technology. The country is proposing to be the global leader in next-generation vehicle technologies. With support in the form of financial incentives and R&D, the country expects to lessen its dependence on petroleum products for transportation and future for EV seem to be optimistic. The sales of plug-in cars in the US was 50.1 thousand units in 2005 and it has increased to 116.10 thousand units in 2015.
According to the report, power tools are used for various applications in automotive production line. Therefore, rise in sales or production of vehicles is expected to propel the demand for power tools and accessories. Sale of vehicles and evolution of the automobile industry can be closely linked to the demand for air filters. Despite the global economic slowdown and high crude oil prices during 2011-2014, the automobile market grew at a CAGR of 3.63%. The decline in crude prices in the after 2014 has boosted the sales of passenger vehicles. With 41% or 32.36 million units of car sales, Asia had the biggest market share in the world in 2015.
Further, the report states that different power tools are developed for efficient and easy movement of goods. These power tools are available with various capabilities and features to increase the operational convenience. Also, they are available with increased usability, accurate controls, and fool-proof technology to eliminate the risks in mishandling high-speed power tools.
- Stanley Black & Decker
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit
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SOURCE Research and Markets