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.
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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
Breakup by Application:
- Milter Saw
- Drill Machine
- Reciprocating Saw
- Hole Saw
Breakup by End-Use Sector:
Breakup by Region:
- North America
- Asia Pacific
- 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.
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.
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