Transparency Market Research Rapid Industrialization in Emerging Economies Propels Global Power Tools Market Single User License: USD 4315.5  Flat 10% Discount!!  Free Customization as per your requirement  You will get Custom Report at Syndicated Report price  Report will be delivered with in 15-20 working days Request Sample Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Request Brochure REPORT DESCRIPTION Power tools are primarily used in manufacturing and construction industry for the purpose of reducing workload and increasing the output. These tools have several types of operation such as drilling, chiseling, sanding and screw driving among others. The market has been analyzed to grow steadily due to the increasing need for infrastructure development in emerging economies. The power tools market was valued at US$26.13 bn in 2014, growing at a CAGR of 5.3% from 2015 to 2021 to account for US$38.03 bn in 2021. Full Report Description @ http://www.transparencymarketresearch.com/power-tools-market.html The power tools are primarily used in construction and manufacturing industries. The ongoing infrastructure development in emerging economies such as India and China is aiding to the growth of this market. Furthermore, the rising concept of urbanization and modernization is also driving the power tools market. India is one of the emerging nations currently undergoing massive urban development as per their smart cities project. In addition, concept of Do It Yourself (DIY) is also supporting the market and helps them to cater residential sector. Furthermore, the availability power tools over various distribution channels and especially on e-commerce websites easily also supports DIY market. Therefore growing idea of DIY is acting as a driver for the power tools market. The four major application segments of the global power tools market are electronics, aerospace, construction, and automobiles. Of these, the construction industry relies heavily on the advancements in technology made in the global power tools market. Optimized power tools allow for a faster rate of construction and infrastructure buildup, therefore accelerating the rate of industrialization of any region. This is especially applicable to the developing economies of today. With countries such as China, India, Ireland, and Brazil showing a fast pace in construction and development, the global power tools market is seen to benefit from the high demand shown by these regions. In terms of non-major applications, the global power tools market is also driven by the growing do-it-yourself culture across the world. Originally strong in developed nations in Europe and North America, the DIY trend is currently spreading to other parts of the world, prompting an increase in the demand from the global power tools market. Request the Sample Research Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5537 This report projection has been provided in terms of revenue (USD Million) from 2015 to 2021. Furthermore, the drivers and the restraints affecting the power tools market over the forecast period have also been covered in the study. In addition, the opportunities that are expected to help the market in future have also been discussed. The power tools industry has been divided into three categories: by technology, by application and by geography. In terms of technology, the market has been further segmented into electric power tools, engine driven power tools, pneumatic power tools, powder-actuated power tools and hydraulic power tools. By application, the market has been segregated into automobile, construction, aerospace and electronic application. Furthermore, the market has been segregated geographically into four regions: North America, Europe, Asia Pacific and Rest of the world. Each of these segments has been analyzed in terms of revenue (USD Million). In order to get a better understanding of the power tools market, a key trends analysis has been included for all the segments. In addition, for a better understanding the market, the market attractiveness for the application segment has been provided. Furthermore, the market share of the key players in the power tools market has also been discussed in terms of market share revenue held globally. In addition, the report also profiles the key players in the market on the basis of company overview, financial overview, business segments, key developments and the business strategies adopted by them with respect to the power tools market. . The major player profiles in the market include Robert Bosch GmbH (Germany), Stanley, Black & Decker, Inc. (U.S.), Emerson Electric Co.(U.K.), Makita Corporation (Japan), Actuant Corporation (U.S.), SKF (Sweden), Techtronic Industries (China), Hilti Corporation (Germany), Danaher Corporation (U.S.) and Hitachi Koki Ltd (Japan). Customize the Report of Power Tools Market According to the Need @ http://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=5537 About TMR Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact TMR Mr.Sudip S 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/

Power tools are primarily used to make the operation process fast (in case of building, manufacturing, and new construction), by consuming less time and workforce. The market has been anticipated to grow at a CAGR of 5.3% and reach USD 38.03 billion in 2021.The region’s dominance is attributed to the presence of developing nations such as India and China which are undergoing rapid industrialization and urbanization. The Asia Pacific market held more than 30% of the global market share in 2014. North America and Europe follow Asia Pacific.