Dublin, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The "Power Cutter Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global power cutter market by revenue is expected to grow at a CAGR of over 5% during the period 2019-2025.
The global power cutter market is expected to witness steady growth during the forecast period. Increasing industrialization across the world and the growing application in household and commercial sectors are primarily driving the industry. Power cutters are primarily used in industries such as automobile, aerospace, construction, electronics, and shipbuilding. They are also having several household applications, which include removing of paint, soldering of wire, thawing of pipes, and other DIY projects. The growth in Li-ion battery along with the rise in infrastructural developments has paved way for the growth in demand for cutting tools.
INSIGHTS BY GEOGRAPHY
With the surge of Li-ion battery technology, which is expected to grow at a CAGR of over 9% during 2019-2024, the North American power cutter industry is expected to grow.The growth in the US cutting tool market has been about 1.5% annually for the last five years - approximately in line with GDP. The industry has begun to expand during the same period, with cutting-tool firms carrying out more than 200 mergers and acquisitions, accounting for more than $4 billion in sales since 2000.
The prevalence of DIY culture is still prevalent in North America. Cutting power tools continue to use in domestic application, including maintenance, paint scrapping, and several other tasks. With growing technical innovations and rising people's buying power, the North American power cutter market is projected to expand significantly in residential, commercial, and industrial sectors during the forecast period.
However, the APAC region is expected to grow at the highest CAGR during the forecast period. Owing to the increase in urban spaces, coupled with the rising robust construction activities, is expected to drive the APAC market. The APAC construction market is expected to grow at a phenomenal rate till 2021.
KEY QUESTIONS ANSWERED
1. What is the power cutter market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the power cutter market shares?
3. What is the growth of the Asia Pacific power cutter market share during the forecast period?
4. Who are the leading vendors and what are their market shares?
5. What is the impact of COVID-19 in the power cutter market share?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segmentation
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.1 Covid-19 Impact
7.2 Covid-19 Impact On Global Trade
7.3 Covid-19 Impact On Power Tools
8 Market Opportunities & Trends
8.1 Increased Manufacturing In Developing Countries
8.2 Increase In Demand For Precision Cutting
8.3 Increased Construction In Developing Countries
8.4 Exponential Growth In Automotive Industry
9 Market Growth Enablers
9.1 Surge In Popularity Of Diy Techniques
9.2 Innovation In Li-Ion Battery
9.3 Increasing Labor Cost In Developed Countries
9.4 Rise In Disposable Income
10 Market Restraints
10.1 Fluctuating Raw Material Prices
10.2 End-User Variability
10.3 Availability Of Power Cutters & Low-Cost Labor In Developing Countries
11 Market Landscape
11.1 Market Size & Forecast
11.2 Five Forces Analysis
12.1 Market Snapshot & Growth Engine - Revenue
12.2 Market Snapshot & Growth Engine - Revenue
12.3 Market Overview
13.1 Market Snapshot & Growth Engine - Revenue
13.2 Market Snapshot & Growth Engine - Unit Shipment
13.3 Market Overview
13.4 Market By Sub-Sectors
13.11 Other Sectors
14.1 Market Size & Forecast
15.1 Market Size & Forecast
16 Fuel Type
16.1 Market Snapshot & Growth Engine - Revenue
16.2 Market Snapshot & Growth Engine - Unit Shipment
16.3 Market Overview
16.4 Battery Powered
16.5 Electric Powered (Plugged-In)
16.6 Pneumatic Powered
16.7 Gas Powered
16.8 Hydraulic Powered
17 Cutter Type
17.1 Market Snapshot & Growth Engine
17.2 Market Snapshot & Growth Engine - Unit Shipment
17.3 Market Overview
18.1 Market Snapshot & Growth Engine - Revenue
18.2 Market Snapshot & Growth Engine - Unit Shipment
18.3 Geographic Overview
Stanley Black & Decker
Other Prominent Vendors
Apex Tool Group
CUMI (Carborundum Universal India Ltd)
Spartech Construction Equipments
B. M. Tools Centre
Jepson Power Inc.
Texas Curb Cut
For more information about this report visit https://www.researchandmarkets.com/r/92l2xr
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900