Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Cutting Tools Market Research Report - Global Fore | Page 3

Global In-flight Advertising Market Research Report: Forecast to 2023
Global Cutting Tools Market Information Report by Product Type (Hand Cutting Tools and
Power Cutting Tools), by Application (Industrial, Construction, Household and Others) and
By Region - Global Forecast To 2022
Market Scenario
The market for cutting tools has been segmented based on product type, application and
region. On the basis of product type, the market is segmented as hand cutting tools and
power cutting tools. The power cutting tools segment dominates all the product types of
the market. Growing demand from industries and the increasing use of power tools for
DIY & household activities, drive the demand of the power tools. On the basis of
application, the market is segmented as Industrial, Construction, Household and Others.
Industrial sector dominates the application segment of the market. Growing demand from
industrial sector drives the demand of the market. The increase in demand for automation
and rapid industrialization, foster the use of power cutting tools.
On the basis of region, global cutting tools market is segmented as North America, Europe,
Asia-Pacific and Rest of the World (RoW). North America dominates the global cutting
tools market. Factors such as high labor cost and growth in the distribution channel, are
expected to drive the growth of the market in North America region. The Asia-Pacific
region is expected to be the fastest growing region for the cutting tools. Continuously
growing automotive, and manufacturing sector in countries such as China and India are
driving the growth of the market in the region.
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