Fastening Power Tools Market Has a Good Grip

The Global Fastening Power Tools Market long-term outlook remains positive, with market value expected to increase  during the forecast period (2018 – 2026). Among product types, the corrugated fasteners segment is expected to expand at a significant CAGR in terms of value over the forecast period.

Europe is anticipated to retain its dominance throughout the forecast period. In this report, TMR throws light on drivers and restraints likely to impact the market during the forecast period.

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The screw system segment is anticipated to continue to dominate the market in terms of volume.

A major factor driving the growth of the global Fastening Power Tools market, in the present scenario, is the rising housing investments, increasing automotive sales and production, and stringent government regulations for worker’s safety. Regulations employed by government bodies, which mandates employers to assess hazards at the workplaces and provide workers with personal protective equipment as required. Stringent regulations in conjunction with increasing preference towards providing safety at the workplace is driving growth of the global fastening power tools market.

Emerging markets include countries undergoing rapid economic growth and industrialization and are poised to emerge as substantial markets. These countries play a crucial role as they create demand for fastening power tools as they become manufacturing hubs and modernize their infrastructure. Growing industrialization in emerging countries such as China, Global, Brazil and South Africa is expected to fuel demand for fastening power tools globally during the forecast period. The government support coupled with the increased outsourcing of manufacturing endeavors from developed nations has propelled industrialization in these emerging economies.

However, the global Fastening Power Tools market is expected to face some challenges. Intense Pricing Competition is one of the prime reasons which can affect the growth of Fastening Power Tools market in the coming years. Moreover, increased automation in the production process is another factor that may impact the demand for Fastening Power Tools, thus in turn restricting the revenue growth of the global Fastening Power Tools market.

Segmentation analysis

The Fastening Power Tools market is segmented on the basis of product type, technology, mode of sales, end-use application, and region. On the basis of product type, the screw system segment is anticipated to continue to dominate the market in terms of volume over the forecast period.

Regional market projections

Europe is anticipated to retain its dominance throughout the forecast period.

Europe is the leading market for Fastening Power Tools due to awareness among end-users and stringent worker’s safety regulations. SEA and Other APAC Fastening Power Tools market is projected to witness significant growth in terms of value in the global Fastening Power Tools market over the forecast period. This is attributed to growth in ASEAN countries and India.

Key Players

The report highlights some of the top companies operating in the global Fastening Power Tools market such as Makita Corporation, Hitachi Koki Co. Ltd., C. & E. Fein GmbH, DEWALT, Hilti Corporation, Xindalu Electronic Technology Co. Ltd., Wacker Neuson SE, and other regional players

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