Compact Power Equipment Rental Market Growth, Trends and Value Chain Compact Power Equipment Rental Market Forecast By | Page 5
Report
Description
Report Description
Solution business which manufactures, develops and sells service equipment and repairs
workshop accessories. In Europe, Techtronic Industries acquired Ryobi’s power tools
business and Royal Appliance Manufacturing Company, a market leader in North America
which develops, markets and assembles cleaning appliances such as vacuum cleaners for
domestic as well as commercial use. Emerson Electronics decided to focus on acquisitions
and divestitures in order to increase investment in technology and also have a strong
focus to acquire the market in developing countries. This is also because of decreasing
demands of their products in Europe and market saturation in the U.S. and China.
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The future of compact power equipment is very attractive due to an ever-increasing
demand for compact power tools. Due to saturation of developed markets like Europe,
the U.S. and China, players in this market are now moving their focus towards developing
or emerging nations.