Global Industrial Power Tools Market Insights and Forecast to 2027

An Industrial Power Tools is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of Industrial Power Tools use electric motors. Internal combustion engines and compressed air are also commonly used. Other power sources include steam engines, direct burning of fuels and propellants, or even natural power sources like wind or moving water. Tools directly driven by animal power are not generally considered Industrial Power Tools. Industrial Power Tools are used in industry, in construction, in the garden, for housework tasks such as cooking, cleaning, and around the house for purposes of driving (fasteners), drilling, cutting, shaping, sanding, grinding, routing, polishing, painting, heating and more. Industrial Power Tools are classified as either stationary or portable, where portable means hand-held. Portable Industrial Power Tools have obvious advantages in mobility. Stationary Industrial Power Tools however often have advantages in speed and accuracy, and some stationary Industrial Power Tools can produce objects that cannot be made in any other way. Stationary Industrial Power Tools for metalworking are usually called machine tools. The term machine tool is not usually applied to stationary Industrial Power Tools for woodworking, although such usage is occasionally heard, and in some cases, such as drill presses and bench grinders, exactly the same tool is used for both woodworking and metalworking.
Europe has the largest global export quantity and manufacturers in Industrial Power Tools market, while the United States is the second sales volume market for Industrial Power Tools in 2019.
In the industry, Stanley Black&Decker (DeWalt) profits most in 2019 and recent years, while TTI and Bosch ranked 2 and 3. The market share of them is 19%, 17% and 17% in 2019. The gap of market share is kept on enlarged due to different strategy.

Market Analysis and Insights: Global Industrial Power Tools Market
The global Industrial Power Tools market is valued at US$ 26390 million in 2019. The market size will reach US$ 34940 million by the end of 2026, growing at a CAGR of 5.3% during 2021-2026.

Global Industrial Power Tools Scope and Segment
Industrial Power Tools market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Industrial Power Tools market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Lithium-Ion Battery
Ni-Cad Battery
NiMH Battery
Others

Segment by Application
Construction
Industry
Others

By Company
Stanley Black＆Decker (DeWalt)
Bosch
TTI
Makita
HiKOKI
Hilti
Einhell
Snap-on
DEVON (Chevron Group)
Festool
Apex Tool Group
Dongcheng
C. & E. Fein
Zhejiang Crown
Positec Group
Jiangsu Jinding
KEN

Production by Region
North America
Europe
China
Japan
South America

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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