Global Power Tools Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The global power tools market is estimated to reach US$57.4 billion in 2024, growing at a CAGR of 5.18% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, growing urban population, growing spending on construction and infrastructure projects, growing adoption of cordless power tools, growing automotive industry and rising remodeling and renovation projects are expected to drive the market. However, growth of the industry will be challenged by high maintenance cost of power tools and fluctuations in raw material prices. A few notable trends include advances in lithium batteries, growth of DIY activities and smart and connected power tools.

The global power tools market is segmented into electric, pneumatic and others. The global power tools market is highly dominated by electric power tools owing to its application in construction as well as manufacturing activities.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-58846
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Power Tools (Electric and Pneumatic) Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)

The global power tools market is expected to grow in future due to rising infrastructural developments, growing urbanization and rising industrialization. In terms of region, North America is the major contributor to the global power tools market supported by increasing demand for power tools among industrial and residential sectors. Asia Pacific represents the fastest growing market for power tools with rapid increase in the industrialization and urbanization across China, India, and Southeast Asian countries.

Scope of the report:
• The report provides a comprehensive analysis of the global power tools market, segmented into electric, pneumatic and others.
• The major regional markets (North America, Europe and Asia Pacific) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Bosch Limited, Stanley Black & Decker, Inc., Techtronic Industries Co. Ltd., Makita Corporation, Hilti Corporation and Hitachi, Ltd.) are also presented in detail.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-58846
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Power Tools (Electric and Pneumatic) Market – Size, Insights, Scope, Compound Annual Growth, Forecast to – 2024(Trending Report)

Key Target Audience:
• Power Tools Manufacturers
• Construction Industry
• Automotive Industry
• Consulting Firms
• Investment Banks
• Government Bodies & Regulating Authorities

TABLE OF CONTENT

1. Market Overview

1.1 Power Tools
1.2 Common Types of Power Tools
1.3 Segmentation of Power Tools
1.4 Distribution of Power Tools

2. Impact of COVID-19

2.1 Decline in Global GDP Growth
2.2 Rise in Unemployment
2.3 Fall in Aviation Industry
2.4 Decline in Global Trade
2.5 Trade in Medical Goods
2.6 Decline in Manufacturing Production
2.7 Crisis in Tourism Sector
2.8 Accelerating Poverty
2.9 Disruption in Education Sector

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

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