Allied Market Research
Loading...
Cart
0
Allied Market Research

Power Tools Accessories Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07874
Pages: NA
Dec 2020 | 51 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Power Tools Accessories Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Request Now !

Power Tools Accessories Market Outlook - 2027

Power tools accessories are the items used in power tools. These include items like screwdriver bits, saw blades, drill bits, router bits, threading products, and abrasives. These tools allow operators to produce products with convenience and ease. Based on the mode of operation these can be classified into electric power tools, pneumatic power tools, and engine-driven power tools. Engine-driven power tools operate on a steam engine to perform cutting operations on wood and hedges. The pneumatic power tools operate using compressed air. Power tools accessories hold major applications in industries like construction, automotive, aerospace, energy, and more.

Market scope and structure analysis:

                Report Metric

                                         Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value ($Million)

  Segments covered

  Type, mode of operation, application, and region

  Geographies covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Major players analyzed include Stanley Black & Decker, Techtronic Industries, Robert Bosch, Makita Corporation, Hilti Corporation, Atlas Copco, Apex Tool Group, Ingersoll-Rand, KOKI Holdings, and Snap-on Incorporated.

 

COVID-19 Scenario analysis:

  • COVID-19 pandemic has shut-down the production of various products in the sandblasting machines industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of power tool accessories market significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first half of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Drivers, restraints, and opportunities

The ease of operation and compact designs of electric power tools allow the operators to use them even in everyday applications like sawing, cutting, and drilling encouraging the do-it-yourself approach. This factor is expected to boost the growth of the power tools accessories market in the upcoming years. Besides, the growing adoption of power tools in various industries like construction, aerospace, energy, automobile, and others can steer the growth of the power tools accessories market. Moreover, the growing adoption of electric power tools supported by the development of energy-efficient power tools can potentially fuel the growth of the power tools accessories market during the forecast period. However, high costs associated with the purchase of these tools can be a restraining factor that can hinder the growth of the power tools accessories market. On the contrary, escalating labor costs in developing countries like China and India have forced the manufacturers to adopt power tools to ensure ease of operation and reduce the workload. Huge investments for infrastructural development in these countries are anticipated to provide lucrative growth opportunities for the power tools accessories market in the upcoming years.     

Trends in power tools accessories market

Increasing adoption of cordless power tools

The electrically driven power tools can be classified into two types that are corded and cordless. The demand for electric power tools is increasing due to the development of energy-efficient power tools. The demand for the cordless type of power tools is growing lately. These tools are battery-powered such as hammer drills, circular saws, and impact wrenches that are more flexible, compact, and mobile compared with other types of power tools. Conventional nickel-metal hydride and nickel-cadmium batteries are being replaced by lithium-ion batteries. Since lithium-ion batteries are high-density batteries that can improve the battery backup of the power tools. Growing demand for cordless electric power tools can eventually result in the positive growth of the power tools accessories market.

New product offerings by market leaders

The power tools accessories market is witnessing growing demand from end-use industries like construction, aerospace, automotive, energy, and others. Also, key market players are continuously upgrading their products to meet the demands of the end-users. To cite an instance, in 2019, Dremel, a brand of Robert Bosch GmbH, introduced a battery-operated Dremel Lite multi-tool. This new tool has a compact design and weighs around 270 grams. It can be operated at speeds ranging from 8,000 to 25,000 revolutions per minute. Such new product developments with advanced features can increase the demand for the power tools accessories market during the forecast period.

Key segments covered:

                  Segments

                      Sub-segments

  Type

  1. Drilling and fastening tools
  2. Demolition tools
  3. Sawing and cutting tools
  4. Material removal tools
  5. Routing Tools
  6. Others

  Application

  1. Industrial
  2. Residential

  Mode of operation

  1. Electric
  2. Pneumatic
  3. Engine-driven

 

Key benefits of the report:

  • This study represents the analytical representation of the global power tools accessories market combined with the ongoing trends and future predictions to determine investment opportunities.
  • The present market is thoroughly analyzed from 2019 to 2027 to enlighten the power tools accessories market growth.
  • The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global power tools accessories market.
  • Segmentation details of the global power tools accessories market.
  • The report gives a comprehensive global power tools accessories market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, 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

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Power Tools Accessories Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts