Dublin, Sept. 14, 2020 (GLOBE NEWSWIRE) -- The "Power Tool Accessories - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Power Tool Accessories Market Report
The power tools accessories market by revenue is expected to grow at a CAGR of over 6% during the period 2019-2025.
The global power tool accessories market is expected to witness growth after the post-2020. Rapid industrialization and increasing applications in households and commercial sectors are primarily driving the power tool accessories set. These sets are primarily used in industries such as automobile, aerospace, construction, electronics, and shipbuilding. The growth in the use and demand for Li-ion batteries along with the rise in infrastructural developments have surged the demand for cordless power tools and batteries. The industrial sector is the largest end-user followed by commercial and residential segments.
The spread of the COVID-19 pandemic across the globe in early 2020 has deeply plummeted the demand from end-user industries, especially from construction, automotive, and electronics. All new and running projects have come to a standstill. While a few industry experts are optimistic, the market is expected to grow from Q3 2020.
INSIGHTS BY GEOGRAPHY
North America region holds the largest power tool accessories market shares in 2019. The region is expected to maintain its position during the forecast period, with revenue mostly generated from the US. A forerunner in the automobile industry, manufacturers in the North American automotive sector account for the highest number of electric cars in the world due to the rising demand for eco-friendly products.
The DIY culture is highly predominant in North America. Heat guns are used for several domestic applications, including repairing, paint drying, paint scrapping, and other projects. Americans can thus make use of heat guns for DIY activities and projects. With rising applications of technology and the increasing purchasing power, the North American power tool accessories market is expected to grow significantly in residential, commercial, and industrial sectors during the forecast period.
KEY QUESTIONS ANSWERED
1. What is the power tool accessories market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the power tool accessories market shares?
3. Which accessory type/end-user/region is generating the largest revenues for the European market?
4. Who are the leading vendors in the power tool accessories market, and what are their market shares?
5. What is the impact of the COVID-19 pandemic on the power tool accessories market?
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
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
8 Covid-19 Impact
8.1 Impact Of Covid-19
9 Market Opportunities & Trends
9.1 Growing Prominence Of Asian Manufacturing
9.2 Industry 4.0 & Smart Precision Manufacturing
9.3 Growth In Construction Industry
10 Market Growth Enablers
10.1 Development In Li-Ion Batteries
10.2 Rising Home Improvement & DIY Activities
10.3 Rising Application Of Fastening Tools
11 Market Restraints
11.1 Availability Of Hand Tools & Low-Cost Labor
11.2 Fluctuations In Raw Material Prices
11.3 End-User Variability
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
13 By Accessory Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Drill Bits
13.4 Screwdriver Bits
13.5 Router Bits
13.6 Circular Saw Blades
13.7 Jigsaw Blades
13.8 Band Saw Blades
13.9 Abrasive Wheels
13.10 Reciprocating Saw Blades
14 By End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
15 By Industrial End-Users
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.9 Other Industries
16 By Commercial End-Users
16.1 Market Overview
17 By Residential End-Users
17.1 Market Overview
18 By Geography
18.1 Market Snapshot & Growth Engine
18.2 Geographic Overview
24.1 Competition Overview
Key Company Profiles
- Stanley Black & Decker
- Robert Bosch Gmbh
- Techtronic Industries Company
Other Prominent Vendors
- Apex Tool Group
- Koki Holdings
- CS Unitec
- Uryu Seisaku
- Atlas Copco
- Ingersoll Rand
For more information about this report visit https://www.researchandmarkets.com/r/z6cxmp
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