North America Power Tools market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2022 to 2029 and expected to reach USD 24,081.97 million by 2029. Increasing accuracy and time saving is driving the growth for market.
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Power tools are referred to those types of tools which require additional power sources to run their mechanism; they consist of motor to power their operation. These motors can be driven through electric power, compressed air, or through internal combustion using fuel. These power tools are used for various operations such as drilling, demolition, cutting and sawing, material removal, polishing and others. These operations require various types of tools such as drills, hammer, jigsaw, and sanders. Power tools are put into use for both industry and residential purposes to ease the work of the users. They provide better accuracy, ease of working and higher productivity. The work gets simpler and faster when working with power tools.
Hand tools require lot of manual work and consume lot of work, also resulting in non-uniformity; on the other hand, power tools are one-time investment and offer easier work, time saving and precision work quality. These advantages of power tools over conventional tools is helping to grow market at higher value. Increase in the growth of cordless power tools and integration of brushless motors in power tools acts as a driving factor for the market. However, the high maintenance of power tools hinders the market growth.
This power tools market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The report outlines the involvement of key players, including:
The major players covered in the report are Atlas Copco AB, Stanley Black & Decker, Inc., Snap-on Incorporated, Robert Bosch GmbH, Koki Holdings Co., Ltd., Emerson Electric Co., Festool GmbH, KYOCERA Corporation, Ingersoll Rand, Makita Corporation, Hilti AG, Husqvarna AB, Panasonic Corporation of North America (A subsidiary of Panasonic Corporation), Techtronic Industries Co. Ltd, Apex Tool Group, LLC., 3M, Delta Power Equipment Corporation, and C. & E. Fein GmbH among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Segmentation
North America Power Tools Market, By Type (Sawing and Cutting Tools, Drilling and Fastening Tools, Demolition Tools, Nailers, Routing Tools, Portable Nibblers, Air-Powered Tools, Material Removal Tools, Electric Cords and Plugs, Chisels Accessories, Others), Mode of Operation (Electric, Liquid Fuel Tool, Hydraulic, Pneumatic, Powder-Actuated Tools), Application (Concrete and Construction, Woodworking, Metalworking, Welding, Others), Material (Concrete, Wood/Metal, Brick/Block, Glass, Others), End User (Industrial/Professional, Residential), Sales Channel (Indirect Sales, Direct Sales), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029.
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