Power Tools Market growing due to Importance of Asset Management in Industry

1. Power Tools Market Global Opportunity Analysis and Industry Forecasts, 2014 - 2022 Published Date: Nov 2016 No of Pages: 130

2. Power Tools Market Scenario • Power Tools Market report, published by Allied Market Research, forecasts that the global market is expected to garner $39,639 million by 2022, registering a CAGR of 5.4% during the forecast period 2016 to 2022. • In the year 2015, electric power tools segment dominated the global market with more than 69% share in terms of revenue. • North America accounted for more than one-third share of the global power tools market in 2015. • The presence of key market players in the U.S. and upsurge in construction activities especially in residential sector have fueled the market growth.

3. Power Tools Market Scenario • Power tools have emerged as an ideal alternative to traditional hand tools, owing to their efficiency, convenience, cost-effectiveness, and flexibility. • Increase in housing investment, steady growth of the automotive industry, and growth in demand from manufacturing and logistics industries are expected to fuel the market growth. • Recovery in housing sectors in North America and China and rising demand for vehicles in Asian and Middle-East countries are projected to fuel the demand for power tools in the near future. • However, increasing prices of electricity and presence of domestic manufacturers which provide low-priced power tools could pose challenges to the market growth.

4. Power Tools Market Key Segments • Power Tools by Mode of Operation • Electric Power Tools • Drills • Grinders • Chippers • Others • Pneumatic Power Tools • Others • Electric Power Tools by Power Source • Corded Electric Power Tools • Cordless Electric Power Tools

5. Power Tools Market is further bifurcated based on • Among end users, non-residential users are expected to be the key consumers of power tools. Growing construction, manufacturing, and aerospace industries in the developing nations demand for technologically advanced and innovative power tool design, thereby supplementing the non-residential sector market growth. • However, residential end user segment is expected to grow at a fastest rate during the forecast period. • Among different electric power tools available in the market, drills accounted for the highest share, owing to their extensive usage in both household and commercial sectors. • Asia-Pacific is projected to be the fastest growing regional market during the forecast period due to higher adoption of power tools over hand tools in various industries and extensive growth in countries such as China and India.

6. Top Impacting Factors in Power Tools Market

7. Key Benefits • Pneumatic power tools segment is expected to witness significant growth in the power tools market due to the growing adoption of this technology in the construction industry. • North America is projected to exhibit a notable growth during the forecast period, owing to the upsurge in demand for power tools in automotive industries based out in the U.S. and Canada. • The growth of the electric power tool segment is attributed to the increase in demand for advancements in battery technologies and upsurge infrastructural developments in the developing countries. • The U.S. dominates the North American power tools market, contributing about 79% share of the market in 2015.

8. Power Tools Market By Geography North America, Europe, Asia Pacific, LAMEA

9. Key Players Operating in Power Tools Market Stanley Black & Decker Inc. Atlas Copco AB Robert Bosch GmbH Techtronic Industries Co. Limited Actuant Corporation Makita Corporation Danaher Corporation Emerson Electric Co. Hitachi Koki Co. Ltd. Hilti Corporation

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