Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Power Tools Market | Page 2

of Household, Industrial, and Professional. The region included in the market are North America, Africa, Asia Pacific,
Middle East and Europe.
Detailed Regional Analysis
The regional analysis of the Cordless Power Tools market includes regions such as Europe, North America, APAC
and rest of the world. The North American region is the primary market for Cordless Power Tools market globally.
Factors such as high labor charge and development in the distribution channel are motivating the growth in the
region. In North America, U.S. is the leading market with a share of 81.44 percent as of 2016. While, the European
region is estimated to control the Cordless Power Tools market in the course of the forecast period.
Competitive Analysis
The long term sustainability of the market is significantly dependent on the tactics and the strategic roadmaps that
are employed by market players. The market is very well demarcated in terms of segments relating to the products
as well as the end users that are a part of the market. The market shows a great deal of potential for developing at
an expedited pace. The product offering of the market has diversified enormously as compared to the past few
years, thereby making the market more beneficial for current and new contenders. The market attractiveness and
competitors’ dynamics are greatly enhanced by the strategies that are being employed by market players. The
heightened financial liquidity of the competitors in the market has increased thereby proving new opportunities for
growth of the market. Stanley Black & Decker, Inc. (U.S.), Makita Corporation (U.S.), Robert Bosch Tool Corporation
(Germany), Hitachi Koki Co. Ltd. (Japan), Hilti Corporation (Liechtenstein), Snap-on (U.S.),Techtronic Industries Co.
Ltd (Hong Kong), Husqvarna (Sweden), Festool (Germany), and Otto Baier GmbH (Germany) are some of the
prominent competitors functioning in this market.
Industry Updates:
Jul 2018 The supply and delivery of Cordless Power Tools framework by Scotland Excel went live recently, with six
Scottish companies in the supplier list, and another supplier set to service the contract from their Scottish branches.
The framework is anticipated to encourage an expenditure of £2.5 million over its term, and provide savings to
councils of around 5.8 percent. This contract heralds good news for councils and suppliers. It has fixed prices for
twelve months and eight suppliers are ready to do business across Scotland in which six of them are small to medium
enterprises (SMEs).