DUBLIN, June 29, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/jkslnv/power_tools) has announced the addition of the "Power Tools Market in the US 2015-2019" report to their offering.
The power tools market in the US to grow at a CAGR of 4.22% over the period 2015-2019.
The power tools market in the US shows immense potential and is expected to grow during the forecast period because of certain positive trends emerging in the market. The increase in competition has led to price wars among vendors, which has forced vendors to provide end-users with power tools at lower prices.
According to the report, the recovery of the manufacturing industry is the main driver in the market. Since the economic crisis of 2008, the US economy has been recovering. This has led to an increase in manufacturing industries and in particular automotive industries, which are the greatest users of power tools in manufacturing.
Further, the report states that lack of product differentiation is a main challenge in the market.
- Stanley Black & Decker
- Techtronic Industries
Other prominent vendors
- Blount International
- Emerson Electric
- Hitachi Koki
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-user
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/jkslnv/power_tools
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets