The global demand for Electric Power Tools Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
An electric power tool is a compact tool driven by electric power and that is utilized for the machining of materials. These tools are intended mainly for carrying out small jobs and to mechanize manual operations such as fitting, cutting, drilling, driving, sanding, shaping, routing, grinding, painting, polishing, heating, and more. They are additionally utilized to a machine that can't be reached by devices on fixed machines. Grinder, compressor, sander, joiner, chop saw, chain saw, and drills are the most known electric power tools.
Electric power tools have revolutionized the way work is done. Activities that took days would now be able to be completed surprisingly fast with the utilization of these powerful instruments. Growth will be quickest on the world’s developing areas, where critical and expanding levels of construction spending are expected. China and India, which are modernizing their housing, will see a quick development in the market. The growing construction industries are driving the demand for electric power tools. Cordless electric tools are projected to grow more robust owing to steady improvements in battery technology such as the adoption of lithium-ion batteries that offers increase power and run time. There is widespread interest in do-it-yourself (DIY) activities, resulting in a significant market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of electric power tools.
The entire electric power tools market has been sub-categorized into product type and end-user industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
By End-User Industry
This section covers regional segmentation which accentuates on current and future demand for electric power tools market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Electric Power Tools Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric power tools market include Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll Rand, Inc., Koki Holding, Co., Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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