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Electric Power Tools Market by Product Type, and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5031483
  • Report
  • March 2020
  • Region: Global
  • 267 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Apex Tool Group
  • Atlas Copco AB
  • Co. Ltd.
  • Hilti Corporation
  • Ingersoll Rand Inc.
  • Koki Holding
  • MORE
The global electric power tools market size is expected to reach $37,144.5million in 2026, from $22,292.5million in 2018, growing at a CAGR of 6.7% from 2019 to 2026.Electric power tools have a diversified portfolio that finds application in every construction, manufacturing, or material modification activity. The advancements in electric power tools have revolutionized the way of working, by providing ease and saving time of operation. Thus, the diverse functionality of these tools make them suitable for use in various applications including professional, residential, and commercial establishments. Electric power tools are available in corded and cordless platforms with varied power capacities. Initially, electric power tools were intended for small jobs, however, the improved mechanisms and batteries have improved the functionality and penetration of use for large scale jobs.

The growth in construction activities and requirement of efficient power tools for various operation has led to the increased penetration of electric power tools in the construction industry. The basic operations such as cutting, chopping, drilling, hammering, and grinding can be easily completed using cordless power tools with more efficiency and ease. Thus, surge in adoption of electric power tools in the construction industry is expected to drive the growth of the electric power tools market.

Moreover, the recent product developments in terms of batteries, motors, and other technologies has led to improved product efficiencies, and surged the adoption of electric power tools. For instance, the integration of brushless DC motors (BLDC) in both cordless and corded tools has upgraded the capabilities of electric power tools. This has propelled the confidence of electric power tool users, thereby, bolstered the consumption of electric power tools. Moreover, growing popularity of cordless electric power tools, owing to its application in various remote locations, effortlessness of use, and portability are some of the factors that fuel the adoption of cordless tools. This increased adoption is driving the overall electric power tools market globally.
  • n the contrary, the high initial costs of electric power tools over the pneumatic counterparts is a major restraining factor for the growth of electric power tools market. The pneumatic power tools had gained popularity, mainly because of their high productivity capacities and lower costs. This factor negatively affects the market growth of electric power tools.
However, the penetration of automation technologies has assisted in managing the electric power tools more efficiently. The automation technologies has made it possible to track the tool productivities from remote platforms such as mobile application platforms, computer software, and others. Such initiatives create opportunities for the growth of electric power tools market during the forecast period.

The global electric power tools market is segmented on the basis of product type, end-user industry, and region. By product type, it is bifurcated into corded and cordless. The cordless segment is anticipated to dominate the global electric power tools market in the future, owing to its ease of handling and portability feature. By end-user industry, the market is classified into construction, automotive, aerospace, and others. The others segment includes energy and do-it-yourself (DIY) end users.

The global electric power tools market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Russia, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to hold the largest market share throughout the study period and Asia-Pacific is expected to grow at the fastest rate.

COMPETITION ANALYSIS

The key market players profiled in the report include Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll Rand Inc., Koki Holding, Co., Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc., Snap-on Incorporated, and Techtronic Industries Co., Ltd.
Many competitors in the electric power tools market adopted product launch as their key developmental strategy to expand their product portfolio of cordless power tools. For instance, in December 2019, the company Hilti Corporation launched the world’s first cordless breaker, TE 500-A36. The breaker is especially designed for breaking application in concrete and masonry. It features 36-volt 9.0 ah lithium-ion battery and also has active vibration reduction (AVR) technology, which reduces triaxial vibration by 30%. Similarly, in August 2019, Robert Bosch GmbH launched new 18 V cordless products for professionals. The products include cordless drill/driver GSR 18V-55 Professional and the cordless combi drill GSB 18V-55 Professional. They also offer maximum torque of 55 newton meters and up to 1,800 rpm.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging global electric power tools market trends and dynamics.
  • In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2018 and 2026. In addition, it also includes the market size estimations for 2015 to 2017.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global electric power tools market forecast analysis from 2019 to 2026 is included in the report.
  • The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
  • The report also provides market share analysis for the key players in the electric power tools market industry, from 2015 to 2018.
GLOBAL ELECTRIC POWER TOOLS MARKET SEGMENTS

BY PRODUCT TYPE
  • Corded
  • Cordless
By END-USER INDUSTRY
  • Construction
  • Automotive
  • Aerospace
  • Others
BY REGION
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • The UK
  • Italy
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY PLAYERS
  • Apex Tool Group
  • Atlas Copco AB
  • Hilti Corporation
  • Ingersoll Rand Inc.
  • Koki Holding, Co., Ltd.
  • Makita Corporation
  • Robert Bosch GmbH
  • Stanley Black & Decker, Inc.
  • Snap-on Incorporated
  • Techtronic Industries Co., Ltd
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apex Tool Group
  • Atlas Copco AB
  • Co. Ltd.
  • Hilti Corporation
  • Ingersoll Rand Inc.
  • Koki Holding
  • MORE
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET PLAYERS
1.5. RESEARCH METHODOLOGY
1.5.1. PRIMARY RESEARCH
1.5.2. SECONDARY RESEARCH
1.5.3. ANALYST TOOLS AND MODELS

CHAPTER 2: EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE ELECTRIC POWER TOOLS MARKET:
2.1.1. TOP INVESTMENT POCKETS
2.2. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FORCES SHAPING ELECTRIC POWER TOOLS INDUSTRY
3.3. KEY MARKET PLAYERS IN ELECTRIC POWER TOOLS MARKET
3.4. GLOBAL ELECTRIC POWER TOOLS MARKET, 2015-2018 ($MILLION)
3.5. GLOBAL ELECTRIC POWER TOOLS KEY PLAYERS REVENUE 2015-2018
3.6. GLOBAL ELECTRIC POWER TOOLS MARKET SHARE ANALYSIS 2015
3.7. GLOBAL ELECTRIC POWER TOOLS MARKET SHARE ANALYSIS 2016
3.8. GLOBAL ELECTRIC POWER TOOLS MARKET SHARE ANALYSIS 2017
3.9. GLOBAL ELECTRIC POWER TOOLS MARKET SHARE ANALYSIS 2018
3.10. MARKET DYNAMICS
3.10.1. DRIVERS
3.10.1.1. INCREASE IN ADOPTION OF ELECTRIC POWER TOOLS IN THE CONSTRUCTION INDUSTRY
3.10.1.2. INTEGRATION OF BRUSHLESS MOTORS IN ELECTRIC POWER TOOLS
3.10.1.3. GROWTH IN POPULARITY OF CORDLESS POWER TOOLS
3.10.2. RESTRAINT
3.10.2.1. HIGH INITIAL COSTS OF THE ELECTRIC POWER TOOLS
3.10.3. OPPORTUNITY
3.10.3.1. TECHNOLOGICAL INNOVATIONS

CHAPTER 4: ELECTRIC POWER TOOLS MARKET, BY PRODUCT TYPE
4.1. MARKET OVERVIEW
4.1.1. MARKET SIZE AND FORECAST, BY PRODUCT TYPE
4.2. CORDED POWER TOOLS
4.2.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
4.2.2. MARKET SIZE AND FORECAST, BY REGION
4.2.3. MARKET ANALYSIS, BY COUNTRY
4.3. CORDLESS POWER TOOLS
4.3.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
4.3.2. MARKET SIZE AND FORECAST, BY REGION
4.3.3. MARKET ANALYSIS, BY COUNTRY

CHAPTER 5: ELECTRIC POWER TOOLS MARKET, BY END-USER INDUSTRY
5.1. MARKET OVERVIEW
5.1.1. MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
5.2. CONSTRUCTION
5.2.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
5.2.2. MARKET SIZE AND FORECAST, BY REGION
5.2.3. MARKET ANALYSIS, BY COUNTRY
5.3. AUTOMOTIVE
5.3.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
5.3.2. MARKET SIZE AND FORECAST, BY REGION
5.3.3. MARKET ANALYSIS, BY COUNTRY
5.4. AEROSPACE
5.4.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
5.4.2. MARKET SIZE AND FORECAST, BY REGION
5.4.3. MARKET ANALYSIS, BY COUNTRY
5.5. OTHERS
5.5.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
5.5.2. MARKET SIZE AND FORECAST, BY REGION
5.5.3. MARKET ANALYSIS, BY COUNTRY

CHAPTER 6: ELECTRIC POWER TOOLS MARKET, BY REGION
6.1. MARKET OVERVIEW
6.1.1. MARKET SIZE AND FORECAST, BY REGION
6.2. NORTH AMERICA
6.2.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
6.2.2. MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.2.3. MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.2.4. MARKET SIZE AND FORECAST, BY COUNTRY
6.2.4.1. U. S.
6.2.4.1.1. U. S. MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.2.4.1.2. U. S. MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.2.4.2. CANADA
6.2.4.2.1. CANADA MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.2.4.2.2. CANADA MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.2.4.3. MEXICO
6.2.4.3.1. MEXICO MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.2.4.3.2. MEXICO MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.3. EUROPE
6.3.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
6.3.2. EUROPE MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.3.3. EUROPE MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.3.4. EUROPE MARKET SIZE AND FORECAST, BY COUNTRY
6.3.4.1. GERMANY
6.3.4.1.1. GERMANY MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.3.4.1.2. GERMANY MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.3.4.2. FRANCE
6.3.4.2.1. FRANCE MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.3.4.2.2. FRANCE MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.3.4.3. THE UK
6.3.4.3.1. The UK MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.3.4.3.2. The UK MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.3.4.4. ITALY
6.3.4.4.1ITALY MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.3.4.4.2. ITALY MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.3.4.5. RUSSIA
6.3.4.5.1. RUSSIA MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.3.4.5.2. RUSSIA MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.3.4.6. REST OF EUROPE
6.3.4.6.1. REST OF EUROPE MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.3.4.6.2. REST OF EUROPE MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.4. ASIA-PACIFIC
6.4.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
6.4.2. ASIA-PACIFIC MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.4.3. ASIA-PACIFIC MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.4.4. ASIA-PACIFIC MARKET SIZE AND FORECAST, BY COUNTRY
6.4.4.1. CHINA
6.4.4.1.1. CHINA MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.4.4.1.2. CHINA MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.4.4.2. INDIA
6.4.4.2.1. INDIA MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.4.4.2.2. INDIA MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.4.4.3. JAPAN
6.4.4.3.1. JAPAN MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.4.4.3.2. JAPAN MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.4.4.4. REST OF ASIA-PACIFIC
6.4.4.4.1. REST OF ASIA-PACIFIC MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.4.4.4.2. REST OF ASIA-PACIFIC MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.5. LAMEA
6.5.1. KEY MARKET TRENDS, GROWTH FACTORS, AND OPPORTUNITIES
6.5.2. LAMEA MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.5.3. LAMEA MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.5.4. LAMEA MARKET SIZE AND FORECAST, BY COUNTRY
6.5.4.1. LATIN AMERICA
6.5.4.1.1. LATIN AMERICA MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.5.4.1.2. LATIN AMERICA MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.5.4.2. MIDDLE EAST
6.5.4.2.1. MIDDLE EAST MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.5.4.2.2. MIDDLE EAST MARKET SIZE AND FORECAST, BY END-USER INDUSTRY
6.5.4.3. AFRICA
6.5.4.3.1. AFRICA MARKET SIZE AND FORECAST, BY PRODUCT TYPE
6.5.4.3.2. AFRICA MARKET SIZE AND FORECAST, BY END-USER INDUSTRY

CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. INTRODUCTION
7.1.1. MARKET PLAYER POSITIONING, 2018
7.2. TOP WINNING STRATEGIES
7.2.1. TOP WINNING STRATEGIES, BY YEAR
7.2.2. TOP WINNING STRATEGIES, BY DEVELOPMENT
7.2.3. TOP WINNING STRATEGIES, BY COMPANY
7.3. COMPETITIVE DASHBOARD
7.4. KEY DEVELOPMENTS
7.4.1. NEW PRODUCT LAUNCHES
7.4.2. PRODUCT DEVELOPMENTS
7.4.3. BUSINESS EXPANSION

CHAPTER 8: COMPANY PROFILES
8.1. APEX TOOL GROUP
8.1.1. COMPANY OVERVIEW
8.1.2. KEY EXECUTIVES
8.1.3. COMPANY SNAPSHOT
8.1.4. OPERATING BUSINESS SEGMENTS
8.1.5. PRODUCT PORTFOLIO
8.1.6. KEY STRATEGIC MOVES AND DEVELOPMENTS
8.2. ATLAS COPCO AB
8.2.1. COMPANY OVERVIEW
8.2.2. KEY EXECUTIVES
8.2.3. COMPANY SNAPSHOT
8.2.4. OPERATING BUSINESS SEGMENTS
8.2.5. PRODUCT PORTFOLIO
8.2.6. RESEARCH AND DEVELOPMENT EXPENSES
8.2.7. BUSINESS PERFORMANCE
8.3. HILTI CORPORATION
8.3.1. COMPANY OVERVIEW
8.3.2. KEY EXECUTIVES
8.3.3. COMPANY SNAPSHOT
8.3.4. PRODUCT PORTFOLIO
8.3.5. R&D EXPENDITURE
8.3.6. BUSINESS PERFORMANCE
8.3.7. KEY STRATEGIC MOVES AND DEVELOPMENTS
8.4. INGERSOLL-RAND PLC
8.4.1. COMPANY OVERVIEW
8.4.2. KEY EXECUTIVES
8.4.3. COMPANY SNAPSHOT
8.4.4. OPERATING BUSINESS SEGMENTS
8.4.5. PRODUCT PORTFOLIO
8.4.6. RESEARCH AND DEVELOPMENT EXPENSES
8.4.7. BUSINESS PERFORMANCE
8.4.8. KEY STRATEGIC MOVES AND DEVELOPMENTS
8.5. KOKI HOLDINGS CO. , LTD. (HIKOKI AND METABO)
8.5.1. COMPANY OVERVIEW
8.5.2. KEY EXECUTIVES
8.5.3. COMPANY SNAPSHOT
8.5.4. PRODUCT PORTFOLIO
8.5.5. PRODUCT PORTFOLIO
8.5.6. BUSINESS PERFORMANCE
8.6. MAKITA CORPORATION
8.6.1. COMPANY OVERVIEW
8.6.2. KEY EXECUTIVES
8.6.3. COMPANY SNAPSHOT
8.6.4. PRODUCT PORTFOLIO
8.6.5. R&D EXPENDITURE
8.6.6. BUSINESS PERFORMANCE
8.6.7. KEY STRATEGIC MOVES AND DEVELOPMENTS
8.7. ROBERT BOSCH GMBH
8.7.1. COMPANY OVERVIEW
8.7.2. KEY EXECUTIVES
8.7.3. COMPANY SNAPSHOT
8.7.4. PRODUCT PORTFOLIO
8.7.5. R&D EXPENDITURE
8.7.6. BUSINESS PERFORMANCE
8.7.7. KEY STRATEGIC MOVES AND DEVELOPMENTS
8.8. SNAP-ON INCORPORATED
8.8.1. COMPANY OVERVIEW
8.8.2. KEY EXECUTIVES
8.8.3. COMPANY SNAPSHOT
8.8.4. OPERATING BUSINESS SEGMENTS
8.8.5. PRODUCT PORTFOLIO
8.8.6. RESEARCH AND DEVELOPMENT EXPENSES
8.8.7. BUSINESS PERFORMANCE
8.9. STANLEY BLACK & DECKER, INC.
8.9.1. COMPANY OVERVIEW
8.9.2. KEY EXECUTIVES
8.9.3. COMPANY SNAPSHOT
8.9.4. PRODUCT PORTFOLIO
8.9.5. R&D EXPENDITURE
8.9.6. BUSINESS PERFORMANCE
8.9.7. KEY STRATEGIC MOVES AND DEVELOPMENTS
8.10. TECHTRONIC INDUSTRIES COMPANY LIMITED
8.10.1. COMPANY OVERVIEW
8.10.2. KEY EXECUTIVES
8.10.3. COMPANY SNAPSHOT
8.10.4. PRODUCT PORTFOLIO
8.10.5. R&D EXPENDITURE
8.10.6. BUSINESS PERFORMANCE
8.10.7. KEY STRATEGIC MOVES AND DEVELOPMENTS
Note: Product cover images may vary from those shown
3 of 5

FEATURED COMPANIES

  • Apex Tool Group
  • Atlas Copco AB
  • Co. Ltd.
  • Hilti Corporation
  • Ingersoll Rand Inc.
  • Koki Holding
  • MORE
According to this report titled, 'Electric Power Tools Market by Product Type, and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global electric power tools market size is expected to reach $37,144.5billion in 2026, from $22,292.5 million in 2018, growing at a CAGR of 6.7% from 2019 to 2026. In 2018, North America dominated the market, in terms of revenue, accounting for over 35.53% share of the global electric power tools market.

Electric power tools have revolutionized the construction, automotive, and other industries, by saving the time and effort required for simple operations including screw driving to complicated operations such as sawing and breaking. The constant upgradations in these electric power tools also assist in boosting their demand. In addition, the ease of use provided by electric power tools has made them popular even for non-professional users mainly in household operations. The small sizes and easy availability of power tools promote their adoption even in normal day-to-day applications such as drilling, cutting, and others, which in turn drives the market growth. To compensate this growing demand, major players in the electric power tools industry are focusing toward launching various cordless power tool products every year. For instance, Techtronic Industries Co., Ltd. based in China, through its br and Milwaukee, offers around 90 different professional cordless power tools. Such initiatives are driving the cordless electric power tools’ consumption; thereby, driving the growth of the overall electric power tools market.

Although the electric power tools provide more productivity and efficient operations, the technologies employed during manufacturing lead to bolster in their initial prices. The pneumatic power tools have been in the market for a long time, and have gained popularity in terms of their performance as well as lower prices. This clearly shows the price difference between pneumatic tool and electric tool, which hinders the adoption of electric power tools; thereby, restraining the electric power tools market trends. However, the penetration of automation technologies has made it possible to track the tool productivities from remote platforms such as mobile application platforms, computer software, and others. The automation technologies include inventory management solutions to conserve time and monetary expenses caused by mismanagement of tools and tool operations. Such technologies are likely to improve the operations of electric power tools; thereby, creating opportunities for the upsurge in the electric power tools market growth during the forecast period.

North America accounted for the highest revenue in 2018 compared to other regions due to increased adoption from construction end users. In Europe and Asia-Pacific, the growth in aerospace industry and an increased adoption for DIY applications is anticipated to boost the growth of electric power tools market in the near future.

According to Priyanka Kh andelwal, Senior Research Analyst, Construction and Manufacturing, “The players in electric power tools market are developing new technologies such as integration of brushless DC motors, and lithium-ion batteries, over the brushed electric motors, and nickel cadmium batteries, to improve the productivities of the electric power tools. Such developments thereby, increase the adoption of electric power tools for professional applications such as in construction processes.”

The global electric power tools market is segmented on the basis of product type, end-user industry, and region. By product type, the market is divided into corded and cordless electric power tools. By end-user industry, the market is classified into construction, automotive, aerospace, and others. The others segment includes energy and DIY end-users.

The global electric power tools market is analyzed across four geographical regions that include North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Russia, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

KEY FINDINGS OF THE STUDY
  • By product type, the cordless segment dominated the global electric power tools market share in 2018, in terms of revenue.
  • By end-user industry, the construction segment is expected to be the largest consumer of electric power tools globally.
  • By region, North America is projected to be one of the most dominant regions and is expected to witness a high growth rate during the forecast period.
The major players operating in the electric power tools industry include Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll R and Inc., Koki Holding, Co., Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc., Snap-on Incorporated, and Techtronic Industries Co., Ltd.
Note: Product cover images may vary from those shown
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  • Apex Tool Group
  • Atlas Copco AB
  • Hilti Corporation
  • Ingersoll Rand Inc.
  • Koki Holding
  • Co. Ltd.
  • Makita Corporation
  • Robert Bosch GmbH
  • Stanley Black & Decker Inc.
  • Snap-on Incorporated
  • Techtronic Industries Co. Ltd
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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