According to a new market study, the global Power Tool market is projected to reach a value of ~US$XX in 2019 and grow at a CAGR of ~XX% over the forecast period (2019-2029). The presented study ponders over the micro and macro-economic factors that are likely to influence the growth prospects of the Power Tool market over the assessment period.
The market report throws light on the current trends, market drivers, growth opportunities, and restraints that are likely to influence the dynamics of the Power Tool market on a global scale. The Five Force and SWOT analysis included in the report provides a fair idea of how the different players in the Power Tool market are adapting to the evolving market landscape.
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Analytical insights enclosed in the report:
- Raw material suppliers, traders, manufacturers, equipment/service providers in the Power Tool market
- Market entry opportunities for potential market players
- Revenue and pricing analysis of established market players in the Power Tool market
- Pipeline and ongoing research and development projects
- Sales and promotional strategies adopted by various market players
The report splits the Power Tool market into different market segments including, region, end-use, and application.
Segmentation Assessment of the Power Tool Market
India power tools market is segmented on the basis of end-user, mode of operation and region.
On the basis of end-user, the market is segmented into industrial power tools and household power tools. With increasing industrialization, the industrial sector is estimated to dominate in terms of demand for power tools. Industrial segment is estimated to account for 55.8% in terms of value share by end of 2016. The household segment is estimated to account for 44.2% in terms of value share by 2016, and is expected to expand at a CAGR of 8.9% over the forecast period.
The electric power tools segment is anticipated to dominate the market throughout the forecast period, owing to ease of operation and low operational costs. The segment is expected to be most attractive between 2016 and 2026, and witness significant investment in product development. Electric segment is estimated to account for 56.6% in terms of value share by end of 2026. Pneumatic and others segments are estimated to collectively account for 46.4% in terms of value share by end of 2016.
On the basis of region, the market is segmented into North India, South India, East India and West India. With large number of industries concentrated in the region, the market in South India and West India is expected to account for maximum demand for power tools over the forecast period. Market in South India is expected to account for 38.2% of the total India market by the end of 2026. Market in North India is estimated to be growing rapidly, expanding at a CAGR of 9.7% over the forecast period.
The report includes market share analysis of the existing international, China-based and domestic players in the market. The report also profiles both global and domestic players in the India power tools market.
Global Players in the market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Regional players in the market include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.
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The report provides an in-depth analysis of the current trends that are expected to impact the business strategies of key market players operating in the market. Further, the report offers valuable insights related to the promotional, marketing, pricing, and sales strategies of the established companies in the Power Tool market. The market share, growth prospects, and product portfolio of each market player are evaluated in the report along with relevant tables and figures. Some of the leading companies covered in the report include market player 1, market player 2, market player 3, and market player 4.
The study aims to address the following doubts related to the Power Tool market:
- How has the evolving regulatory landscape impacted the growth of the global Power Tool market?
- Which region is anticipated to witness the highest CAGR growth during the forecast period?
- How are the budding market players aiming to cement their position in the current market landscape?
- Which market segment is expected to experience the slowest growth over the forecast period?
- The demand from which end-use industry is expected to be the highest during the assessment period?
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