Increase in Automotive Sales Expected to Drive Power Tools Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Power tools are specific tools or mechanical devices that work when an additional power source & mechanism is initiated. Few of the most common tools used are powered by IC – combustion engine or compressed air and electric motor. Power tools include huge range of devices, from the hand-held machine drills to the hydraulic presses & pneumatic tools. These tools are typically used for screw-driving, grinding, household tasks, drilling, routing, polishing, leveling, painting, sanding, cutting, shaping, construction, and gardening. Rising preference towards the speed & effectiveness by end-use industries and desire to eliminate the strenuous manual labor across various industries has been contributing to the growth of global power tools market. Leading companies of power tool market are continuously focused on increasing their facilities that considerably drives the market growth. This market is very competitive because of the presence of local players. Power Tools Market Competition is expected to intensify in the Power Tools Market Future Outlook owing to moderately low entry barriers that support novel entrants to enter further. Mergers & acquisitions (M&A), long-term partnerships, and increase in investment in the power tools market are the key development strategies adopted by the players to prolong the intense competition. Growth in urbanization, high efficiency & effectiveness, rise in disposable income of people, increase in automotive sales in the developed nations, surge in popularity of DIY techniques, increase in investments in housing and rise in demand from the manufacturing assembly units, fabrication and service sectors are driving the power tools market growth. However, the regular price fluctuation in raw materials is a hindering factor for global market. Moreover, substantial growth in commercial & residential construction is a leading opportunity for global market. Furthermore, increase in sales via online channels is a major trend for market. The power tool can rigorously cause accidents & health issues, in addition to the intense body of the power tools that tend to make it difficult to operate with the full efficiency, these factors act as key challenge for the power tools market. Based on geography, the North-America region holds major share in global market owing to increase in customer preference for cordless power tools across the region. The cordless segment is mainly benefiting from the performance advantages in evaluation to plug in segment of tools. Additionally, the Germany is likely to be the leading market for power tools in Europe region as a result of high demand from the construction industry. The Asia-Pacific region is estimated to witness higher growth rate due to increase in presence of various Chinese firms that are aiming to provide the unique power tools at cost-effective prices over the forecast period. On the other hand, increase in labor costs in the developing countries such as China, and India is predictable to boost the growth of material handling equipment market, which in turn is a persuasive manufacturer to use the power tools to ensure the high productivity. Moreover, the Middle East and Africa region is projected to grow steadily caused by growth in industrialization across the power & energy, oil & gas, and construction sectors during the forecast period. For More Information, refer to the below link: – Power Tools Market Growth Forecast Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Global Power Tool Manufacturers, Global Power Tools Market, Industry Research Reports for Power Tools, Machine Power Tools Market, Power Tools Market Competition, Power Tools Market Future Outlook, Power Tools Market Growth Analysis, Power Tools Market Growth Forecast, Power Tools Market Research Report, Power Tools Market Revenue