The Global Handheld Power Tool Market is estimated to develop at a substantial CAGR in the years to come. Asia-Pacific will mark sturdy progress with respect to demand for handheld power tool in the years to come. The regions such as China and India will specifically mark robust achievements. Transactions will be motivated by developments in infrastructure. Battery-operated electrical handheld power tools have turned out to be the most sought-after ones, and demand for these goods will considerably take over plug-in type of electrically powered handheld tools.
The international Handheld Power Tool Market is divided by Type of Product, and the Area. The division of the international Handheld Power Tool Industry on the source of Type of Product extends Engine driven, Pneumatic, Electric, and others. For the past few years, the subdivision of electric power-driven handheld tools held the largest market share. Electric power driven handheld tools consist of polisher’s & grinders, drills, sanders, planers routers, impact wrenches, and screwdrivers. The upsurge of the building construction subdivision and the outline of smart city schemes in a number of developing nations, especially in Thailand and India will boost the demand for this market.
The division of the international Handheld Power Tool Market on the source of Area extends North America, Europe, Asia-Pacific, and Middle East & Africa. With reference to the study of the market, the Americas will continue to lead the market in the upcoming period. The automobile, manufacturing and building businesses are observing an exponential development in nations; for example, the U.S. and Canada. The U.S. is one of the biggest handheld power tools producers in the world.
The progress of the building construction subdivision due to the progress of the housing structure market in the U.S. and Canada will trigger the progress of the handheld power tools market in this area North American handheld power tools market is estimated to grow at a greater CAGR than Western European handheld power tools market for the upcoming period.
The area of Western Europe is an additionally important market for handheld power tools. The market in Middle East & Africa is likely to grow by the utmost CAGR for the duration of the prediction period. Asia Pacific excluding Japan [APEJ]rests as the biggest market for handheld power tools internationally. Greater manufacture of power tools in India and China will continue to motivate progress of the market, while trades to Western nations will increase the profits of the provincial market.
Although categorized by the existence of a number of companies, the market seems to be combined by the four top most handheld power tool makers for example Stanley Black & Decker, Techtronic, Makita, and Robert Bosch. Companies are increasing their product range by presenting new-fangled inventive products into the market. Geographic spread also performs the most important role in the profits stakes of the companies. The upcoming years will observe important companies succeeding Unification & Acquirement policies to upsurge their international spread and preserve market stakes.
Some of the important companies operating in the Handheld Power Tool Market on the international basis are Hitachi Koki, Stanley Black & Decker, Robert Bosch, Makita, Techtronic ABB. The additional noticeable companies operating in the market are Snap-on, Husqvarna, Klein, Casal Power Tools, Freudenberg, Irwin, Atlas Copco, Baier, Craftsman, and Hilti.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Handheld Power Tool in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Handheld Power Tool market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Stanley Black & Decker
• Hitachi Koki
• Festool (TTS)
• Milwaukee Electric Tool (TTI)
• Copper (Eaton)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Electric power tool
• Pneumatic power tool
• Hydraulic power tool
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Residential Applications
• Industrial Use
• Other Applications
Research Support Specialist, USA