Power Tool Accessories Market Trends, Demand,Competitive Outlook Forecast to 2022-27

 According to the latest report by IMARC Group, titled "Power Tool Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global power tool accessories market reached a value of US$ 1.85 Billion in 2021. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 2.59 Billion by 2027, expanding at a CAGR of 5.6% during 2022-2027.

Power tools are widely utilized for housework tasks, construction and assembling purposes, which can be customized using power tool accessories. These accessories are generally used for the efficient functioning of pneumatic power, engine-driven power and electrical devices. They are additional fittings that help in performing numerous industrial works effectively. Additionally, they are ergonomically designed for improving the connectivity and battery performance of the power tools. As a result, they aid in simplifying repetitive tasks and minimizing the chances of human injuries and errors while enabling the power tools to function in extreme conditions.

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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Global Power Tool Accessories Market Trends:

The global market is primarily driven by significant growth in the construction industry. Also, rising investments by private and public agencies in infrastructural development and remodeling projects are providing a boost to the market growth. Moreover, various technological advancements and the increasing adoption of cordless and automated power tools are acting as major growth-inducing factors. Furthermore, leading players are heavily investing in launching energy-efficient power tools equipped with high-density lithium-ion (Li-ion) batteries, which are gaining prominence across the end users. Additionally, the easy product availability via online and offline organized retail channels is also contributing to the market growth. Other factors, including rapid industrialization, especially n the emerging economies, and continuous product innovations and extensive research and development (R&D) activities conducted by key players to introduce improved product variants, are further projected to drive the market growth. 

Power Tool Accessories Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

  • Apex Tool Group LLC (Bain Capital Partners)
  • Atlas Copco AB
  • Hilti Aktiengesellschaft
  • Husqvarna Group
  • Ingersoll-Rand Plc (Gardner Denver Holdings Inc.)
  • Klein Tools Inc.
  • Koki Holdings Co. Ltd. (KKR & Co. Inc.)
  • Makita Corporation
  • Robert Bosch GmbH
  • Snap-On Incorporated
  • Stanley Black & Decker Inc.
  • Techtronic Industries Company Limited

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global power tool accessories market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end-use sector.

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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/power-tool-accessories-market

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • 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.

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 biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Contact US:

IMARC Group
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Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
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