Power tools are used
in developing products with increased ease and convenience. There are several
types of power tools such as engine-driven power tools, electric power tools,
and pneumatic power tools. Engine-driven power tools use gasoline for their operation,
while pneumatic power tools operate with the effective deployment of
compressors. Power tools are adopted for several operations such as
screwdriving, drilling, chiseling, planing, routing, sanding, buffing,
polishing, and leveling. In addition to being used in the Residential sector,
power tools are adopted by several companies across industries such as
Automotive, Infrastructure, Construction, Woodworking, Aerospace, and
Electrical and Electronics,.
Analysts forecast
the Global Power
Tools market to grow at a CAGR
of 4.48 percent over the period 2013-2018.
The Report recognizes
the following companies as the key players in the Global Power Tool Market:
Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc. and Techtronic
Industries Co. Ltd.
Other Prominent
vendors in this market are: Actuant, ,Blount International, Emerson Electric,
Hilti, Hitachi , Koki, Panasonic, Snap-On
The emergence of
energy-efficient power tools is one of the major trends in the market. The
increase in the cost of energy, professionals, and consumers increases the
demand for the power tools, which can provide maximum output at minimum energy.
Covered in this Report
The Global Power
Tools market can be segmented into three major products: Electric Power Tools,
Pneumatic Power Tools, and Engine Driven and Other Power Tools. The other power
tools include Hydraulic Power Tools and Powder-actuated Power Tools.
Global Power Tools
Market 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the Americas, and the EMEA and
APAC regions; it also covers the Global Power Tools market landscape and its
growth prospects in the coming years. The report also includes a discussion of
the key vendors operating in this market.
According to the report,
the increased need for faster accomplishment of projects is one of the main
drivers. Therefore, to develop superior-quality products in minimal time, power
tools are deployed across a range of industries in the country.
Further, the report
states that the high cost of power tools is one of the main challenges that the
market confronts which subsequently decreases their adoption across various
industries worldwide.
