Power tools are used to create products with ease and convenience. Engine-driven, electric, and pneumatic are the three types of power tools. They help in performing tasks such as screw driving, drilling, chiseling, routing, sanding, buffing, polishing, and leveling. Skilled professionals use power tools mainly in the construction industry and are used by home users undertaking refurbishment and improvement projects. Applications of power tools are spread across sectors such as automotive, consumer, infrastructure, construction, woodworking, aerospace, and electrical and electronics. The global DIY power tools market includes both corded and cordless power tools used by the consumer segment.
Technavio’s analysts forecast the global DIY Power Tools market to grow at a CAGR of 4.04% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global DIY Power Tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of cordless and corded DIY power tools by vendors in the market to the consumer segment.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global DIY Power Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Makita • Robert Bosch Tools • Stanley Black & Decker • Techtronic Industries
Market driver • DIY concept gaining momentum in developed countries • For a full, detailed list, view our report
Market challenge • High cost for power tools • For a full, detailed list, view our report
Market trend • Emergence of energy-efficient power tools • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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