Zion Market Research Global Power and Hand Tools Market, 2015–2021 | Page 3

Power and Hand Tools Market
tools is growing owing to rapidly increasing urbanization. Increasing spending income of
consumers will positively impact the power and hand tools market in future. Rising Do-It-
Yourself (DIY) attitude among people is another factor contributing to the growth of the
market. However, immense competition among the vendors may restrain the market growth
globally.
The global power and hand tools market is segmented on the basis of technology as an
engine driver, hydraulic & powder-actuated, pneumatic, and electric. Of which, the electric
power tools segment is dominating segment the market. The global market is categorized
on the basis of applications as electronics, construction, aerospace, automobiles, and
others. Of which, the construction segment is the leading segment in the market.
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North America is the leading the global power and hand tools market mainly owing to its
increasing professional market. Asia Pacific is expected to gain considerable growth in the
market due to increasing construction and developmental activities. Furthermore, China is a
growing market for power and hand tools. In addition, Western Europe is anticipated to grow
at the fastest rate in the near future. Upward industrial network in the European countries is
anticipated to contribute to the global market growth.
Some of the major players in the global power and hand tools market are Bosch GmbH,
Apex Tool Group LLC, Allied Trade Group Stores, Ancor, Stanley Black & Decker, Alltrade
Tools LLC, AIMCO Corporation, Black & Decker, AMES Companies, Atlas Copco AB, and