How Power Tools Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Power Tools Market Latest Edition Published with Forecast to 2030


According to the report, Increased Focus on the Development of Power Tools with Long Battery Life is one of the primary growth factors for the market. Increasing Demand of Power Tools Across Various End-Use Industries to Replace With Conventional Tools is also expected to contribute significantly to the Power Tools market. Overall, Household applications of Power Tools, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Power Source, such as Electric, is boosting the Power Tools market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Sales Channel, such as Online, is boosting the Power Tools market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Power Tools market identified that the demand is rising in many different parts of the world as "Growing Popularity of Cordless and Battery Operated Power Tools Among Consumers". Furthermore, some recent industry insights like "In 2020, Bosch Power Tools, a global leader in the power tool segment launched smart cordless measuring tools, GLM 150 C, GLL 30 G, GTC 400 C for on-the-go professionals in India. GTC 400 C is an intuitive cordless power tool that allows users immediate thermographic inspection of temperatures onsite. With this launch, the main aim of the company is to meet the increasing demand for a cordless range of power tools across India." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Power Tools market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Power Tools market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Power Tools market size is calculated using market estimation process, the Power Tools market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Power Tools market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager