Power tools market to 2021 - Revision history

Designing Buildings at 07:26, 22 February 2021

2021-02-22T07:26:16Z

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	* Types of crane.		* Types of crane.

−	[[Category:~~Publications_/_reports~~]] [[Category:~~Research_/_Innovation~~]] [[Category:DCN_Research,_Development_and_Innovation]]	+	[[Category:DCN_Commentary]] [[Category:DCN_Guidance]] [[Category:DCN_Product_Knowledge]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:Publications_/_reports]] [[Category:Research_/_Innovation]]

Designing Buildings: moved Power Tools Market: Construction Applications to Register Robust Demand for Power Tools to Power tools market to 2021

2016-11-30T16:10:38Z

moved Power Tools Market: Construction Applications to Register Robust Demand for Power Tools to Power tools market to 2021

← Older revision

Revision as of 16:10, 30 November 2016

Designing Buildings at 16:10, 30 November 2016

2016-11-30T16:10:12Z

← Older revision		Revision as of 16:10, 30 November 2016
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−	~~According to a report by Transparency Market Research (TMR), the~~ global ~~[http://www.transparencymarketresearch.com/power-tools-market.html~~ power tools market] demonstrates a highly concentrated competitive landscape. In 2014, 70% of the overall market was occupied by ~~the top~~ four players~~, namely,~~ Robert Bosch GmbH, Makita Corp., Stanley Black & Decker Inc., and Hilti~~. The worldwide presence of these companies has supported them extensively to gain prominence in this market~~.	+	The global power tools market demonstrates a highly-concentrated competitive landscape. In 2014, 70% of the overall market was occupied by four players; Robert Bosch GmbH, Makita Corp., Stanley Black & Decker Inc., and Hilti.

−	~~As of now, these~~ players concentrate on developing user-friendly power tools to meet the expectations of end users. However, their focus is likely to ~~get shifted~~ towards technological innovations and ~~advancements~~ of products over the next few years ~~in order~~ to ~~achieve~~ a competitive edge.	+	These players concentrate on developing user-friendly power tools to meet the expectations of end users. However, their focus is likely to shift towards technological innovations and the advancement of products over the next few years to maintain a competitive edge.

−	~~PDF Sample For Latest Innovation And Upcoming Advancements @ [http://www~~.~~transparencymarketresearch~~.~~com/sample/sample~~.~~php?flag=S&rep_id=5537 http://www~~.~~transparencymarketresearch~~.~~com/sample/sample~~.~~php?flag=S&rep_id=5537]~~	+	Boosted by the rising trend of do-it-yourself (DIY), the global market for power tools is likely to expand at a CAGR of 5.30% between 2015 and 2021, increasing from US$26.1 bn in 2014 to US$38.0 bn by 2021. With a share of 72%, construction applications led the demand for power tools in 2014. This segment is expected to continue its leading streak.

−	~~Boosted by the rising trend of do-it-yourself (DIY)~~, the ~~opportunity in~~ the global ~~market for~~ power tools is ~~likely~~ to ~~expand at a CAGR of 5~~.~~30% between 2015 and 2021,~~ increasing ~~from US$26.1 bn~~ in ~~2014~~ to ~~a value of~~ US$38.0 bn by the end of the forecast period~~, With a share of 72%, construction applications led the demand for power tools in 2014. Analysts expect the segment to continue its leading streak, states the report~~.	+	Geographically, the Asia Pacific has emerged as the leading contributor to the global power tools market. The region offers many opportunities and is expected to remain dominant in the coming years. The increasing number of infrastructure projects in China and India are likely to create opportunities for power tools manufacturers across the world. The Asia Pacific power tools market is expected to reach US$13.4 bn by the end of the forecast period.

−	~~Increase~~ in ~~Infrastructural Development Projects~~ to ~~Ensure Dominance of Asia Pacific~~	+	Increasing urbanisation and the growing need for infrastructure development is also driving the demand for power tools. In addition, do-it-yourself (DIY), propelled by the changing lifestyle of consumers and the increase in their disposable income, is likely to boost the market substantially over the forecast period.

−	~~Geographically~~, ~~Asia Pacific has emerged as~~ the ~~leading contributor to~~ the ~~global power tools market~~. ~~The region is teeming with opportunities and is expected~~ to ~~remain dominant~~ in the ~~coming~~ years ~~too~~. The ~~increasing number of infrastructural development projects~~ in ~~China and India are likely to create lucrative prospects~~ for power tools ~~manufacturers across the world. TMR estimates the Asia Pacific power tools market to reach US$13.4 bn by the end of the forecast period~~.	+	However, the European and North American markets have already reached maturity, and so the growth prospect is very low in these regions. Nevertheless, the changing lifestyle preferences of consumers are projected to maintain a steady demand in these regions over the next few years. The rise in construction activities will also support the demand for power tools here.

−	On the ~~other hand~~, ~~since Europe and North America have reached maturity, the growth prospect for power tools market~~ is ~~very low in these regions. Nevertheless, the changing lifestyle preferences of consumers are projected~~ to ~~maintain a steady demand for electric power tools~~ in ~~these regions over~~ the ~~next few~~ years. ~~The rise in construction activities will also support~~ the ~~demand for power~~ tools ~~here. Canada and the U.S.~~ will ~~surface~~ as ~~the key domestic markets for power tools in North America over the forecast period, reports the study~~.	+	The market’s progress may be hindered by the high maintenance cost associated with these tools, which is likely to limit their uptake in the coming years. Concerns over the high energy consumption by these tools will also act as a restraint to growth.

−	~~Rising Urbanization to Boost Demand for Power Tools~~	+	= Find out more =

−	Thanks to the changing economic conditions, the world is witnessing a significant surge in urbanization. “In order to speed up the urbanization process, the demand for power tools has experienced an upswing in the recent times, says the author of this report. The growing need for infrastructure development is also driving the demand for power tools.	+	=== Related articles on Designing Buildings Wiki ===

−	~~In addition to this, the emerging concept of do~~-~~it-yourself (DIY), propelled by the changing lifestyle~~ of ~~consumers and the increase in their disposable income, is likely to boost this market substantially over the forecast period, notes the study~~.	+	* Bituminous mixing and laying plant.
		+	* Compressed air plant.
		+	* Concreting plant.
		+	* Construction plant.
		+	* Construction tools.
		+	* Earth-moving plant.
		+	* Excavating plant.
		+	* Forklift truck.
		+	* Piling equipment.
		+	* Pumps and dewatering equipment.
		+	* Scabbler.
		+	* Types of crane.

−	~~High Maintenance Cost of Power Tools to Act as Market Restraint~~	+	[[Category:Publications_/_reports]] [[Category:Research_/_Innovation]] [[Category:DCN_Research,_Development_and_Innovation]]
−		+
−	While the future prospects of the global power tools market looks bright, the market’s progress may be hindered due to the high maintenance cost associated with these tools, which is likely to limit their uptake in the coming years.	+
−		+
−	~~The concerns over the high energy consumption by these tools will also act as a restraint to the growth trajectory of this market over the next few years, states the report.~~	+
−		+
−	~~The study presented here is based on a report by Transparency Market Research (TMR) titled “Power Tools Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”~~	+
−		+
−	~~Read Market Report @~~ [~~http~~:/~~/www.transparencymarketresearch.com/power-tools-market.html http~~:/~~/www.transparencymarketresearch.com/power-tools-market.html~~]	+
−		+
−	[[Category:~~Construction_techniques~~]]	+

Industrytrends: Created page with "According to a report by Transparency Market Research (TMR), the global [http://www.transparencymarketresearch.com/power-tools-market.html power tools market] demonstrates a high..."

2016-10-26T10:41:56Z

Created page with "According to a report by Transparency Market Research (TMR), the global [http://www.transparencymarketresearch.com/power-tools-market.html power tools market] demonstrates a high..."

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According to a report by Transparency Market Research (TMR), the global [http://www.transparencymarketresearch.com/power-tools-market.html power tools market] demonstrates a highly concentrated competitive landscape. In 2014, 70% of the overall market was occupied by the top four players, namely, Robert Bosch GmbH, Makita Corp., Stanley Black & Decker Inc., and Hilti. The worldwide presence of these companies has supported them extensively to gain prominence in this market.

As of now, these players concentrate on developing user-friendly power tools to meet the expectations of end users. However, their focus is likely to get shifted towards technological innovations and advancements of products over the next few years in order to achieve a competitive edge.

PDF Sample For Latest Innovation And Upcoming Advancements @ [http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5537 http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5537]

Boosted by the rising trend of do-it-yourself (DIY), the opportunity in the global market for power tools is likely to expand at a CAGR of 5.30% between 2015 and 2021, increasing from US$26.1 bn in 2014 to a value of US$38.0 bn by the end of the forecast period, With a share of 72%, construction applications led the demand for power tools in 2014. Analysts expect the segment to continue its leading streak, states the report.

Increase in Infrastructural Development Projects to Ensure Dominance of Asia Pacific

Geographically, Asia Pacific has emerged as the leading contributor to the global power tools market. The region is teeming with opportunities and is expected to remain dominant in the coming years too. The increasing number of infrastructural development projects in China and India are likely to create lucrative prospects for power tools manufacturers across the world. TMR estimates the Asia Pacific power tools market to reach US$13.4 bn by the end of the forecast period.

On the other hand, since Europe and North America have reached maturity, the growth prospect for power tools market is very low in these regions. Nevertheless, the changing lifestyle preferences of consumers are projected to maintain a steady demand for electric power tools in these regions over the next few years. The rise in construction activities will also support the demand for power tools here. Canada and the U.S. will surface as the key domestic markets for power tools in North America over the forecast period, reports the study.

Rising Urbanization to Boost Demand for Power Tools

Thanks to the changing economic conditions, the world is witnessing a significant surge in urbanization. “In order to speed up the urbanization process, the demand for power tools has experienced an upswing in the recent times, says the author of this report. The growing need for infrastructure development is also driving the demand for power tools.

In addition to this, the emerging concept of do-it-yourself (DIY), propelled by the changing lifestyle of consumers and the increase in their disposable income, is likely to boost this market substantially over the forecast period, notes the study.

High Maintenance Cost of Power Tools to Act as Market Restraint

While the future prospects of the global power tools market looks bright, the market’s progress may be hindered due to the high maintenance cost associated with these tools, which is likely to limit their uptake in the coming years.

The concerns over the high energy consumption by these tools will also act as a restraint to the growth trajectory of this market over the next few years, states the report.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Power Tools Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

Read Market Report @ [http://www.transparencymarketresearch.com/power-tools-market.html http://www.transparencymarketresearch.com/power-tools-market.html]

[[Category:Construction_techniques]]