Portable Tools Market Players Contribute Majorly towards Innovative Trends, Details FactMR Report

Posted on 2019-06-06 by Mark Hub in Industrial // 0 Comments

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The purpose of this comprehensive forecast report presented by FactMR is to elaborate the various market projections impacting the global portable tools market size during the period through 2018-2026. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the portable tools market during the forecast period.

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The report offers market forecast and analysis on the basis of category, end use, sales channel, and region. The categories of portable tools analyzed in the study include hand tools, power tools, garage tools, lighting tools, and personal protective equipment (PPE). The end uses of portable tools have been analyzed in industrial, commercial, and household & DIY settings. The key sales channels analyzed in the research report are distributor sales, retail outlets, and online sales.

The exhaustive market research study tracks the portable tools market across North America, Latin America, Europe, South East Asia and Pacific, Middle East & Africa (MEA), China, and Japan. In addition to offering broader region-wise forecast, the research study also analyzes the market in key countries of US, Canada, Germany, France, U.K. Spain, Italy, India, Indonesia, and Malaysia.

Note: The report offers comprehensive forecast and analysis on sub-segments in the portable tools market, including screw drivers, hammers, drills, impact wrenches, etc.

Direct co-relation between macroeconomic growth and portable tools sales

Portable tools sales are significantly impacted by macroeconomic factors, most notably, GDP, urbanization, economic growth, and industry value. According to OECD, world real GDP has shown a consistent surge since 2016, and the ascendancy is likely to be sustained in the long run. According to United Nations Department of Economics and Social Affairs, 68% of world’s population will live in urban areas by 2050, up from 55% currently. The direct co-relation between macroeconomic growth and portable tools sales is likely to augur well for the stakeholders in this market. The steadiness in automotive sales, especially in North America and Asia Pacific, and the long-term positive outlook on the automotive industry is likely to create opportunities for portable tool manufacturers. Growth in automotive sales directly impacts investments in repair and maintenance tools, especially among garage owners.

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The portable tools landscape remains highly fragmented, with only a few market leaders accounting for significant revenue share. Considering the nature of the market, local players/regional players have a sizeable presence, especially in developing regions. Among the market leaders, Stanley Black & Decker, Inc. has nearly 6.5% to 7% market share from portable tools. Robert Bosch GmbH has nearly 4.7% to 5% revenue share from portable tools.

The competitive landscape section of the report includes information on market share by company, product strategy, business strategy, and go-to-market strategy, relative strength of markets across regions, including information on headquarters and major manufacturing locations.

Research Methodology

A thorough and comprehensive analysis was carried out to compile the research study on portable tools market. A combination of primary and secondary research methodologies, and data mining through our in-house proprietary tools is used to arrive at numbers and figures. In addition to these research methodology methods, information has also been sourced from corporate annual reports, product catalogs, SEC forms, and other company information.

The research report follows a systematic research approach that includes market profiling, formulation of discussion guides, development of list of respondents, data collection, data validation, analysis, and insights. The research methodology also includes identification of key opinion leaders, questionnaire design, and in-depth interviews. Our primary research sources include (but are not limited to) LinkedIn, Salesforce, Hoovers and OneSource. Secondary research is carried out through company websites, whitepapers, financial reports, and NMMA. The paid publications used for conducting research includes Factiva, GBI, Genios, Meltwater. We follow a three-step quality check procedure that involves triangulation of data, internal validation, and peer-review through independent thought leaders.

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About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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