Industrial Power Tools Market to surge at 6.6% CAGR and Hit 34500 M By 2023

MarketStudyReport.com adds Global Industrial Power Tools Market report that evaluates growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2023.

The worldwide Industrial Power Tools market is expected to grow at a CAGR of 6.6% over the next five years, will reach 34500 million US$ in 2023, from 23500 million US$ in 2017, according to a new research now available with MarketStudyReport.com.

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A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of power tools use electric motors. Internal combustion engines and compressed air are also commonly used. Other power sources include steam engines, direct burning of fuels and propellants, or even natural power sources like wind or moving water. Tools directly driven by animal power are not generally considered power tools.

Power tools are used in industry, in construction, in the garden, for housework tasks such as cooking, cleaning, and around the house for purposes of driving (fasteners), drilling, cutting, shaping, sanding, grinding, routing, polishing, painting, heating and more.

Europe has the largest global export quantity and manufacturers in Industrial Power Tool market, while the United States is the second sales volume market for Industrial Power Tool in 2017.

In the industry, Stanley Black&Decker (DeWalt) profits most in 2017 and recent years, while Bosch and TTI ranked 2 and 3. The market share of them is 17.83%, 17.76% and 17.40% in 2017.The gap of market share is keep on enlarged due to different strategy.

Nowadays, there are four mainly types of Industrial Power Tool, including Lithium-Ion Battery, Ni-Cad Battery, NiMH Battery and Other. And Lithium-Ion Battery is the main type for Industrial Power Tool, and the Lithium-Ion Battery reached a sales volume of approximately 142.74 M Unit in 2017, with 55.65% of global sales volume.

Market Segment by Manufacturers, this report covers:
Stanley Black & Decker (DeWalt), Bosch, TTI, Makita, Hitachi Koki, Hilti, Metabo, Snap-on, DEVON (Chevron Group), Festool, Apex Tool Group, Dongcheng, C. & E. Fein, Zhejiang Crown, Positec Group, Jiangsu Jinding, KEN.

Market Segment by Type, covers:

Lithium-Ion Battery
Ni-Cad Battery
NiMH Battery
Other (Corded Electric, Pneumatic, Hydraulic, Power-Actuated, etc.)

Market Segment by Applications, can be divided into:

Construction Field
Industry Field
Other

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Research objectives:

To study and analyze the global Industrial Power Tools (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Industrial Power Tools market by identifying its various subsegments.

Focuses on the key global Industrial Power Tools manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Industrial Power Tools with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Industrial Power Tools submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

More Details on this Reports At: https://www.marketstudyreport.com/reports/global-industrial-power-tools-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023

Related Report:

2018-2023 Global Industrial Power Tools Consumption Market Report

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Power Tools market by product type, application, key manufacturers and key regions. Over the next five years projects that Industrial Power Tools will register a 6.6% CAGR in terms of revenue, reach US$ 34500 million by 2023, from US$ 23500 million in 2017. A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of power tools use electric motors. Internal combustion engines and compressed air are also commonly used. Other power sources include steam engines, direct burning of fuels and propellants, or even natural power sources like wind or moving water. Tools directly driven by animal power are not generally considered power tools.

Read More: https://www.marketstudyreport.com/reports/2018-2023-global-industrial-power-tools-consumption-market-report

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Release ID: 452557