Uploaded on Aug 5, 2020
AFRICA POWER TOOLS MARKET ANALYSIS A power tool is a tool operated by an additional power source and mechanism other than solely manual labor similar to hand tools. There are several types of power tools based on the source of power such as electric power operated tools, liquid fuel gas-powered tools, pneumatic power tools, powder-actuated tools, and hydraulic tools. As compared to conventional hand tools, power tools are far more sophisticated, efficient, and easier to use. These tools are used in complex and heavy-duty activities where precision and speed are necessary. Power tools find applications in routing, sanding, cutting, drilling, polishing, heating, painting, etc. Get PDF copy @ https://www.coherentmarketinsights.com/insight/request-pdf/3872 Key companies involved in the Africa power tools market are Stanley Black & Decker, Inc., SKF, Atlas Copco AB, Hitachi Koki Co. Ltd, Robert Bosch GmbH, Snap-on Incorporated, Techtronic Industries Company Limited, Makita Corporation, and Danaher Corporation. Market Trends Professional segment is expected to witness the fastest growth in the near future In the professional segment, expensive powers have witnessed higher penetration with professionals willing to pay more for advanced tools. To a large extent, demand for power and hand tools by professionals has increased as a result of new housing construction projects, household renovations, public investment, and private investments. By 2025, the volume of construction is expected to grow by 70% to reach US$ 15 Trn worldwide. Meteoric growth is likely to be concentrated in three countries namely China, the U.S., and India, with these countries accounting for approximately 60% of the Africa growth. Rising product development initiatives is another major trend Many companies in the market are focused on research and development activities of new products, processes, and methodologies, in order to enhance tool strength, durability, and other ergonomic factors. Development of Lithium-ion battery technology is proving to be a major breakthrough. For instance, Hitachi Koki Co. Ltd introduced the series 36V cordless gardening tools along with highly energy-efficient brushless motors. Any Query? Talk To our Analyst @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/3872 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 / UK +4402081334027 Email: [email protected] Visit Our Blogs: https://blog.coherentmarketinsights.com
AFRICA POWER TOOLS MARKET ANALYSIS
AFRICA POWER TOOLS MARKET ANALYSIS A power tool is a tool operated by an additional power source and mechanism other than solely manual labor similar to hand tools. There are several types of power tools based on the source of power such as electric power operated tools, liquid fuel gas-powered tools, pneumatic power tools, powder-actuated tools, and hydraulic tools. As compared to conventional hand tools, power tools are far more sophisticated, efficient, and easier to use. These tools are used in complex and heavy-duty activities where precision and speed are necessary. Power tools find applications in routing, sanding, cutting, drilling, polishing, heating, painting, etc. Get PDF copy @ https://www.coherentmarketinsights.com/insight/request-pdf/3872 Key companies involved in the Africa power tools market are Stanley Black & Decker, Inc., SKF, Atlas Copco AB, Hitachi Koki Co. Ltd, Robert Bosch GmbH, Snap-on Incorporated, Techtronic Industries Company Limited, Makita Corporation, and Danaher Corporation. Market Trends Professional segment is expected to witness the fastest growth in the near future In the professional segment, expensive powers have witnessed higher penetration with professionals willing to pay more for advanced tools. To a large extent, demand for power and hand tools by professionals has increased as a result of new housing construction projects, household renovations, public investment, and private investments. By 2025, the volume of construction is expected to grow by 70% to reach US$ 15 Trn worldwide. Meteoric growth is likely to be concentrated in three countries namely China, the U.S., and India, with these countries accounting for approximately 60% of the Africa growth. Rising product development initiatives is another major trend Many companies in the market are focused on research and development activities of new products, processes, and methodologies, in order to enhance tool strength, durability, and other ergonomic factors. Development of Lithium-ion battery technology is proving to be a major breakthrough. For instance, Hitachi Koki Co. Ltd introduced the series 36V cordless gardening tools along with highly energy-efficient brushless motors. Any Query? Talk To our Analyst @ https://www.coherentmarketinsights.com/insight/talk-to- analyst/3872 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 / UK +4402081334027 Email: [email protected] Visit Our Blogs: https://blog.coherentmarketinsights.com
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