What is Oscillating Tools Market?
Oscillating tools are used for a wide variety of tasks like removing grout, cutting through drywall, and scraping tile during a bathroom remodel, sanding down wood floors, among others. The capability to cut a complex or precise recess without the need to remove the work piece from where is it fixed greatly upsurges productivity. Based on the type, the market has been segmented into a corded oscillating tool and cordless oscillating tools.
The market study is being classified by Type (Corded oscillating tool and Cordless oscillating tool), by Application (Residential and Commercial) and major geographies with country level break-up.
RIDGID (United States), Dremel (United States), Makita (Japan), Bosch (Germany), FEIN (United States), DEWALT (United States), Ryobi (Japan), Triton (United States), Genesis (United States) and Milwaukee (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Oscillating Tools market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Oscillating Tools market by Type, Application and Region.
On the basis of geography, the market of Oscillating Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Surging Demand from Residential & commercial sectors
- Technological Advancements in Oscillating Tools
Market Trend
- The Rising Popularity of Cordless Oscillating Tools
Restraints
- Availability of Counterfeit Products
Opportunities
- The Emerging Demand from Developing Countries
Market Leaders and some development strategies
On 2 Oct 2018, Milwaukee Tool, Wisconsin-based subsidiary of Techtronic Industries (TTI), announced the acquisition of the Imperial Blades business based in Sun Prairie, Wisconsin. The acquisition is expected to expand US Manufacturing footprint and portfolio of professional brands with Imperial Blades.
Key Target Audience
Oscillating Tools Manufacturers, Oscillating Tools Sub Component Manufacturers, Oscillating Tools Traders/Distributors, Oscillating Tools Importer/Exporter, Regulatory & Government Bodies, End Users and Others