Portable Tools Market Coming up Trends and Active Company Revenue Forecast through 2018 to 2026

FactMR, in its latest business intelligence study, depicts the nuts and bolts of the global portable tools market. The portable tools report presents detailed information regarding the drivers, restraints, opportunities and trends affecting portable tools market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the portable tools report elaborates the market behavior of each vendor operating in the portable tools market.

Portable tools market continues to maintain its momentum on back of strong sales of personal protective equipment and power tools. The US$ 85 billion market is likely to show Goldilocks growth, with market revenues likely to grow by 1.4X between 2018 and 2028. These insights are according to a latest Fact.MR study that tracks the portable tools market in over seven regions and over 50 countries. According to the report, the portable tools market continues to be highly fragmented, with a number of local and regional players accounting for miniscule revenue shares. Large corporations, such as Stanley Black & Decker, Inc. and Robert Bosch GmbH have single-digit market share from portable tools. The report finds that a large number of local and regional players cater to fixed categories of portable tools, with power tools and personal protection equipment among the top draws.

Per unit cost of portable tools varies across product segments, with power tools and hand tools at the opposite ends of the spectrum. The price per unit is highest in Europe, owing to relatively higher demand for portable tools in the region. Per unit cost of power tool varies from US$ 70 to US$ 80 per unit in Europe – in South East Asia & Pacific, the cost per unit drops to US$ 55 to US$ 60.

You can Request an Example Copy from here – https://www.factmr.com/connectus/sample?flag=S&rep_id=1576

The research study offers in-depth qualitative analysis on the key factors influencing the portable tools market. According to the report, consistent GDP growth is a key macroeconomic factor driving sales, whereas, automation of industrial processes has led to sluggishness. The report also analyzes the impact of urbanization and industrial growth on the portable tools market.

The steadily growing DIY trend in developed world is fueling uptake of portable tools. The DIY ethic, combined with availability of portable tools on online platforms has broadened the reach of portable tools companies. To capitalize on the emerging opportunities in this segment, a number of manufacturers are offering free how-to content on e-commerce platforms.

Ask Industry Professional about Report – https://www.factmr.com/connectus/sample?flag=AE&rep_id=1576

The FactMR study finds that applications in metal fabrication will continue to create sustained demand for portable tools market during the course of the forecast period. The metal fabrication industry is on course to achieve growth rates of over 2% on a long-term perspective. The metal fabrication industry is showing a marked preference for specialized tools that reduce inventory and storage overheads.

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.

Contact:

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai, United Arab Emirates
MARKET ACCESS DMCC Initiative
Email: sales@factmr.com
Web: https://www.factmr.com/