Global Power Tools and Accessories Market to reach USD XXX billion by 2027.Global Power Tools and Accessories Market to reach USD XXX billion by 2027.

Global Power Tools and Accessories Market is valued approximately XXX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XXX over the forecast period 2021-2027. Fresh updates in battery technology are initiating adoption of cordless power tools with high-density batteries that can survive longer once charged which attracts manufacturers toward cordless tools. Manufacturers focus on cordless power tools and launching innovative products in the market. This, in turn expand the growth of market. Many companies are collaborating to introduce new innovations in the market and contribute in expanding the market growth. For instance, Robert Bosch Tool Corporation and Triax Technologies partnered with each other in May 2018, to develop a tracking device which allows to track the tools and equipment and see real time workers and safety data. However, the cost of ownership of power tools increases because of maintenance and repair requirements which impedes the growth of the market over the forecast period of 2021-2027. Also, Electric fastening tools play a vital role in the installation of wind turbines, as wind turbine installation requires precise torque, electric fastening tools are likely to be the most suitable power tools for this industry which is likely to increase the market growth during the forecast period.

The regional analysis of global Power Tools and Accessories Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the world in terms of market share owing to the increasing industrialization, infrastructure, development and urbanization. Whereas, Middle East and Africa is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as growing industrialization in oil, gas, construction etc. would create lucrative growth prospects for the Power Tools and Accessories Market across Asia-Pacific region.

Major market player included in this report are:

Apex Tool Group LLC (Bain Capital Partners)
Atlas Copco AB
Hilti Aktiengesellschaft
Husqvarna Group
Ingersoll-Rand Plc (Gardner Denver Holdings Inc.)
Klein Tools Inc.
Koki Holdings Co. Ltd. (KKR & Co. Inc.)
Makita Corporation
Robert Bosch GmbH
Snap-On Incorporated

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Tool Type:
Drilling and fastening tools
Drills
Impact drivers
Impact wrenches
Screwdrivers and nutrunners
Demolition tools
Rotary hammers/hammer drills/demolition hammers
Sawing and cutting tools
Jigsaws
Reciprocating saws
Circular saws
Band saws
Sheers and nibblers
Material removal tools
Sanders/polishers/buffers
Grinders
Angle grinders
Die and straight grinder
Routing Tools
Routers/planers/joiners
Others (measuring and layout tools, laser tools, dust extractors, glue guns, and heat guns)

By Mode Of Operation:
Electric
Corded
Cordless
Pneumatic
Others (Hydraulic and Power-actuated)
By Application:
Industrial
Construction
Automotive
Aerospace
Energy
Shipbuilding
Others
Residential/DIY

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Power Tools and Accessories Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors