Power Tools to Represent Global Market Worth US$38.03 bn by 2021: Transparency Market Research

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Transparency Market Research

04 Feb, 2016, 14:30 GMT

ALBANY, New York, February 4, 2016 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Power Tools Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," the power tools market was valued at US$26.13 bn in 2014, growing at a CAGR of 5.3% from 2015 to 2021 to account for US$38.03 bn in 2021.

Full Research Report on Global Power Tools Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/power-tools-market.html

The power tools are primarily used in construction and manufacturing industries. The ongoing infrastructure development in emerging economies such as India and China is aiding to the growth of this market. Furthermore, the rising concept of urbanization and modernization is also driving the power tools market. India is one of the emerging nations currently undergoing massive urban development as per their smart cities project. In addition, concept of Do It Yourself (DIY) is also supporting the market and helps them to cater residential sector. Furthermore, the availability power tools over various distribution channels and especially on e-commerce websites easily also supports DIY market. Therefore growing idea of DIY is acting as a driver for the power tools market.

The market has been segmented into three categories: by technology, application and geography. By technology, the electric power tools held the largest market share accounting to more than 50% in 2014. The dominance of this segment is attributed to the increasing application of electric power tools in construction industry. Moreover, electric power tools have the capacity of producing better torque as per the requirement of the work.

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By regions, Asia Pacific held the highest market share in the 2014 and expected to lead the market during the forecast period. This region is witnessing tremendous industrialization due to the presence of developing regions like India and China.

In addition, the report also profiles the key players in the market on the basis of company overview, financial overview, business segments, key developments and the business strategies adopted by them with respect to the power tools market. . The major player profiles in the market include Robert Bosch GmbH (Germany), Stanley, Black & Decker, Inc. (U.S.), Emerson Electric Co.(U.K.), Makita Corporation (Japan), Actuant Corporation (U.S.), SKF (Sweden), Techtronic Industries (China), Hilti Corporation (Germany), Danaher Corporation (U.S.) and Hitachi Koki Ltd (Japan).

Browse the Press Release of this report, here: http://www.transparencymarketresearch.com/pressrelease/power-tools-market.htm

The report is a study of global power tools market and provides the data in terms of revenue (USD Million) from 2015-2021. The market estimates on the basis of technology, application for each region has been covered in this study. The market segmentations are as follows:

Power Tools Market: By Technology 

  • Electric power tools
  • Pneumatic power tools
  • Energy driven power tools
  • Hydraulic power tools
  • Powder-actuated power tools

Power Tools Market: By Application 

  • Automobile
  • Construction
  • Aerospace
  • Electronics

The report provides a cross-sectional analysis of all the above segments with respect to the following regions: 

Power Tools Market: By Geography 

    North America

  • U.S.
  • Canada

    Europe

  • U.K.
  • Germany
  • France
  • Others

    Asia Pacific

  • Japan
  • China
  • India
  • Others

    Rest of the World

  • Middle East
  • Africa
  • Latin America

Other Research Reports by Transparency Market Research: 

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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