Tuesday 17 February 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Power Tool Market: Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc. and Techtronic Industries Co. Ltd.
Other Prominent vendors in this market are: Actuant, ,Blount International, Emerson Electric, Hilti, Hitachi , Koki, Panasonic, Snap-On.
Commenting on the report, an analyst from the report's team said: “The emergence of energy-efficient power tools is one of the major trends in the market. The increase in the cost of energy, professionals, and consumers increases the demand for the power tools, which can provide maximum output at minimum energy.”
According to the report, the increased need for faster accomplishment of projects is one of the main drivers. Therefore, to develop superior-quality products in minimal time, power tools are deployed across a range of industries in the country.
Further, the report states that the high cost of power tools is one of the main challenges that the market confronts which subsequently decreases their adoption across various industries worldwide.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.