The Power Tools Market in the United States, 2019-2023 - Technological Innovation Accelerating Replacement Demand - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 6, 2019--The “Power Tools Market in US 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The power tools market in US will register a CAGR of over 6% by 2023.
Home improvement projects constitute the majority of the DIY projects undertaken in the global DIY market. Some of the home improvement projects include replacing a shower faucet or refinishing the basement and attic.
In addition, supply-side factors such as the growing number of home improvement stores and the increasing availability of power tools (from mass merchandisers and online retailers) are expected to drive the demand for power tools or DIY projects in the US.
Technological innovation accelerating replacement demand
Tradesmen such as construction workers, plumbers and woodworkers are the major end-users of power tools in the US market. Unlike DIY users, tradesmen expect greater precision, convenience and productivity from their power tools.
Thus, either a considerable decline in the performance of power tools or the availability of technologically advanced power tools results in the replacement demand for power tools from tradesmen which will fuel the growth of the power tools market in the US.
Risk of rising interests’ rates
A rising interest rate discourages borrowing by businesses and individuals and encourages savings. This results in reduced business and consumer spending. The benchmark rates in the US are expected to rise further in 2019 due to the strong economic growth of the US rising inflation and the higher issuance of the US government bonds.
This may pose a significant growth risk for the construction industry in the US. Since the construction industry is one of the major end-users of power tools in the US, the rising interest rates may also hinder the growth of the market.
The power tools market in US appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Key PlayersAPEX Tool Group Emerson Electric Ingersoll-Rand Makita Robert Bosch Snap-on Stanley Black & Decker Techtronic Industries
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY END-USERComparison by end-user Professional - Market size and forecast 2018-2023 Consumer - Market size and forecast 2018-2023 Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY TECHNOLOGYComparison by technology Electric - Market size and forecast 2018-2023 Pneumatic - Market size and forecast 2018-2023 Others - Market size and forecast 2018-2023 Market opportunity by technology
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPEOverview Landscape disruption Competitive scenario
PART 12: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors APEX Tool Group Emerson Electric Ingersoll-Rand Makita Robert Bosch Snap-on Stanley Black & Decker Techtronic Industries
For more information about this report visit https://www.researchandmarkets.com/research/l7nxhd/the_power_tools?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190206005468/en/
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Related Topics:Hand Tools
INDUSTRY KEYWORD: HOME GOODS RETAIL SPECIALTY OTHER RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/06/2019 10:33 AM/DISC: 02/06/2019 10:33 AM