Power Tool Accessories Market Trends, Scope, Demand, Opportunity and Forecast by 2026

According to the latest report by IMARC Group, titled “Power Tool Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global power tool accessories market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Report Sample:

https://www.imarcgroup.com/power-tool-accessories-market/requestsample

Power tool accessories refer to the external fittings installed in various engine-driven power, electric and pneumatic power devices. These accessories majorly include screwdrivers, drills, saw blades, chippers, abrasives wheels, router bits, threading products, etc. Power tools help in enhancing device efficiency, accessibility, battery performance, and connectivity. Owing to these benefits, they are extensively used across industries to simplify repetitive processes along with reducing human mishandling and physical hazards.

Rapid industrialization, along with rising developments in the automation industry, is currently driving the market growth. Moreover, the thriving construction and automotive sectors have led the increasing production of fabricated metals, thereby catalyzing the demand for power tools. Furthermore, the emergence of cordless power tools equipped with high-density Lithium-ion (Li-ion) batteries further propels the market growth. Additionally, the rapid shift from conventional power tools towards advanced devices, such as hammer drills, impact wrenches, circular saws, etc., is also propelling the product demand. Apart from this, the increasing penetration of smart technologies and energy-efficient power tools are anticipated to fuel the market in the coming years.

Power Tool Accessories Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global power tool accessories market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Apex Tool Group LLC (Bain Capital Partners)
  • Atlas Copco AB (OTCMKTS: ATLKY)
  • Hilti Aktiengesellschaft
  • Husqvarna Group (OTCMKTS: HSQVY)
  • Klein Tools, Inc.
  • Koki Holdings Co Ltd. (KKR & Co. Inc.)
  • Makita Corporation (OTCMKTS: MKTAY)
  • Robert Bosch GmbH
  • Snap-On Incorporated (NYSE: SNA)
  • Stanley Black & Decker Inc. (NYSE: SWK)
  • Techtronic Industries Company Limited (OTCMKTS: TTNDY)

Key Market Segmentation:

The report has segmented the global power tool accessories market on the basis of type, application, end-use sector and region.

Breakup by Type:

  • Drill Bits
  • Screwdriver Bits
  • Router Bits
  • Circular Saw Blades
  • Jig Saw Blades
  • Band Saw Blades
  • Abrasive Wheels
  • Reciprocating Saw Blades
  • Others

Breakup by Application:

  • Milter Saw
  • Drill Machine
  • Reciprocating Saw
  • Hole Saw
  • Others

Breakup by End-Use Sector:

  • Industrial
  • Residential

Breakup by Region:

  • North America
  • Canada
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/power-tool-accessories-market

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Industry Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Underground Mining Equipment Market: https://www.imarcgroup.com/underground-mining-equipment-market

North America Ceramic Ball Bearings Market: https://www.imarcgroup.com/north-america-ceramic-ball-bearings-market

North America Fire Protection Water Storage Tanks Market: https://www.imarcgroup.com/north-america-fire-protection-water-storage-tanks-market

Oil Filter Market: https://www.imarcgroup.com/oil-filter-market

Organic Baby Food Market: https://www.imarcgroup.com/organic-baby-food-market

Saudi Arabia Dog Food Market: https://www.imarcgroup.com/saudi-arabia-dog-food-market

Embolic Protection Devices Market: https://www.imarcgroup.com/embolic-protection-devices-market

Bone Densitometer Market: https://www.imarcgroup.com/bone-densitometer-market

Global Radio Advertising Market: https://www.imarcgroup.com/radio-advertising-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

 

 

 

Smith Ivo

Five years in chemical & material has made Ivo Smith more or less an expert in everything related to medicines, drugs, chemicals and related sectors – at least from the PR front. Through his insider access to the sector, he has gained valuable insight into the entire manufacturing process of chemical and material.

Related Articles

Back to top button