Electric Power Tools Market Size is thriving, fueled by advancements in battery tech and growing demand in construction, automotive & industrial sectors

Electric Power Tools Market Size was valued at USD 31.87 Billion in 2023 and is expected to reach USD 56.42 Billion by 2030, exhibiting a CAGR of 8.5% during the forecast period (2024-2030)

Electric Power Tools Market Overview:

The purpose of this study is to provide a thorough examination of the Electric Power Tools market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Electric Power Tools market's growth. The study also offers a comprehensive analysis of the market's value chain.

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Electric Power Tools Market Scope:

The research method used to assess and anticipate the Electric Power Tools market begins with secondary research using sources that collect revenue data from key suppliers. Vendor offerings are also considered when calculating market segmentation. Using the bottom-up method, the whole size of the Electric Power Tools market was calculated using the revenue of significant enterprises.

Electric Power Tools Market Segmentation:

by Product Type

Corded
Cordless

by End User Industry

Construction
Automotive
Aerospace
Others

by Tool Type

Drilling & Fastening Tools
Demolition Tools
Sawing & Cutting Tools
Material Removing Tools

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Electric Power Tools Market Key Players:

The major players covered in the Electric Power Tools market report are

1. Apex Tool Group
2. Atlas Copco AB
3. Hilti Corporation
4. Bostitch
5. Ingersoll Rand Inc.
6. Koki Holding, Co., Ltd.
7. Irwin
8. Lenox
9. Makita Corporation
10. Robert Bosch GmbH
11. DeWalt
12. Craftsman
13. Stanley Black & Decker, Inc.
14. Snap-on Incorporated
15. Vidmar
16. Techtronic Industries Co., Ltd.
17. Emerson Electric Co.
18. Hitachi Koki Holdings Co., Ltd.
19. Enerpac Tool Group
20. Mac Tools

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Electric Power Tools Market Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Electric Power Tools Market:

Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Electric Power Tools market in general, as well as the growth rate, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Electric Power Tools industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.

Key Questions Answered in the Electric Power Tools Market Report are:

• Which segment grabbed the largest share in the Electric Power Tools market?
• How was the competitive scenario of the Electric Power Tools market?
• Which are the key factors responsible for the Electric Power Tools market growth?
• Which region held the maximum share in the Electric Power Tools market ?

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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