Power Tool Accessories Global Market Report 2022: Industry 4.0 and Smart Precision Manufacturing Presents Opportunities

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Nov 28, 2022, 12:15 ET

DUBLIN, Nov. 28, 2022 /PRNewswire/ -- The "Power Tool Accessories Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global power tool accessories market is expected to grow at a CAGR of 6.55% during 2022-2027.

MARKET ANALYSIS

Rapid industrialization and increasing applications in the household and commercial sectors are primarily driving the power tools and power tool accessories market. These accessories are mainly used in the automobile, aerospace, construction, electronics, and shipbuilding industries. They also have various household applications, such as the removal of paint, soldering of wire, thawing of pipes, and other DIY projects. The growth in the use and demand for Li-ion batteries and the rise in infrastructural developments has further surged the demand for cordless tools and batteries.

The power tools have been a convenient solution for workers across industries that also help eliminate manual labor. Industries like construction and automotive also serve as a source of innovation and product development for power tools and accessories. They also serve as forerunners in adopting the latest market trends. Power tools, which include drilling and fastening tools, demolition tools, sawing and cutting tools, and material-removal tools, have unlimited use across the industrial, commercial, and residential sectors. Such factors are a significant contributor to the power tool accessories market.

Market Dynamics

Market Opportunities & Trends

Growing Prominence of Asian Manufacturing
Industry 4.0 and Smart Precision Manufacturing
Growth in the Construction Industry
Growing Demand for Prefabricated Buildings
Increasing Wind and Solar Energy Installations

Market Growth Enablers

Developments in Li-Ion Battery Technology
Rise in Home Improvement & Diy Activities
Rising Applications of Fastening Tools
Increasing Infrastructural Projects

Market Restraints

Presence of Hand Tools and Low-Cost Labor
Fluctuations in Raw Material Pricing
End-User Variability

SEGMENTATION

Segmentation by Accessory Type

Drill Bits
Screwdriver Bits
Router Bits
Circular Saw Blades
Jig Saw Blades
Bandsaw Blades
Abrasive Wheels
Reciprocating Saw Blades
Batteries
Others

Segmentation by End-user

Industrial
Automotive
Aerospace
Electronics
Energy
Construction
Shipbuilding
Others
Commercial
Residential

Segmentation by Geography
North America

US
Canada

Europe

UK
Germany
France
Spain
Italy

APAC

China
Japan
South Korea
Australia
India

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
UAE
Saudi Arabia
Turkey

Key Vendors

Stanley Black & Decker
Robert Bosch
Techtronic Industries Company (TTI)
Makita
Hilti

Other Prominent Vendors

Apex Tool Group
Snap-on
Koki Holdings
Fortive
Positec
Chervon
Fein
FERM
AIMCO
Festool
CS Unitec
Dynabrade
Husqvarna
Stihl
Blount
KYOCERA
INTERSKOL
Panasonic
URYU SEISAKU
Atlas Copco
Ingersoll Rand
Emerson

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Premium Insights

8 Introduction

9 Market Opportunities & Trends

10 Market Growth Enablers

11 Market Restraints

12 Market Landscape

13 Accessory Type

14 End-User

15 Industrial

16 Commercial

17 Residential

18 Geography

19 North America

20 Europe

21 APAC

22 Latin America

23 Middle East & Africa

24 Competitive Landscape

25 Key Company Profiles

26 Other Prominent Vendors

27 Report Summary

28 Quantitative Summary

29 Appendix