This Power Tool Gears market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Power Tool Gears market.
Power Tool Gears Market: Introduction
Power tool gears are very integral component of power tools, whose basic function is to provide transmission in the tool. Power tool gears are available in different type of sizes according to end use application. Power tool gears have different type of shapes such as helical, spiral, among others. Power tool gears are made up of stainless steel or tough alloy body in order to affording extend durability and high quality finishing. Power tool gears has proper segmented edges that provides successful transmission in the tool.
In current scenario, due to rapid modernization and demand of do it yourself (DIY) from domestic to commercial sectors, significantly increases the demand for power tools which in turn boost the growth of power tool gears market.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Power Tool Gears Market: Market Dynamics
In emerging economies, labor costs are usually low as compared to automated tools and systems. However, with the increase in production and operation process rates, preference of automated tools over manual labor has been envisaged by the manufacturers. Over the next five years, the global power tools industry is projected to be valued at US$ 25.7 Bn due to increasing demand from emerging markets, specifically due to rapidly growing residential construction work in China and India. This factor is expected to boost the growth of power tool gears market. Improving economic conditions and rapid urbanization in emerging markets leads to the growth of the said market. Moreover, power tools are widely used to manufacture and assemble automobiles. Globally, the automotive industry has been enjoying a period of relatively strong growth and profits, consequently fuelling the demand for power tools, which in turn accelerate the growth of power tool gears market. Another reason which can be advocated for the favorable demand of power tool gears market is the scope of repair and replacement involved in the existing units.
Incessant competition between tool manufacturers is inhibiting growth of the Power Tool Gears market to a large extent. Moreover, evidence that imported steel prices are falling, and falling unfairly, can be witnessed from the declining imports and rapid growth in the number of unfair trade complaints filed in the U.S. during 2014, this factor is expected to adversely affect the growth of power tool gears market.
Power Tool Gears Market: Regional Overview
Power tool gears market is expected to grow with relatively high growth rate in the emerging & developing economies of the world. In Asia Pacific, countries such as India and China are growing significant growth rate, owing to rapid growth in industrial & commercial sector. Moreover, in developed economy of Asia Pacific such as Japan, power tool gears market is estimated to grow, owing to increasing demand for power tools. Increasing trend of do it yourself (DIY) in the developed regions such as North America and Western Europe are expected to propel the demand for power tools which in turn boost the growth of power tool gears market. Growing industrialization and urbanization in Middle East & Africa, indirectly affect the growth of power tool gears market over the forecast period. Other regions such as Eastern Europe and Latin America are anticipated to the growth of power tool gears market at moderate CAGR over the forecast period.
Power Tool Gears Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Power Tool Gears market includes:
- Pragati Transmission Pvt. Ltd
- Niranjan Engineering Company
- Power Transmission Engineering
- Precision Gears
- Rochester Gear Inc.
- Zhejiang Oliver Gear Manufacturing Co., Ltd.
- Gleason Corporation
The Power tool gears market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The Power tool gears marketreport covers exhaustive analysis on:
- Power tool gears market segments
- Power tool gears market dynamics
- Power tool gears market Size
- Power tool gears market supply & demand
- Power tool gears market current trends/issues/challenges
- Power tool gears market Competition & Companies involved
- Power tool gears market technology
- Power tool gears market value chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The Power tool gears market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Power tool gears market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Power tool gears market report also maps the qualitative impact of various market factors on market segments and geographies.
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Power Tool Gears Market: Segmentation
Power Tool Gears market can be segmented by product type, by end use and by sales channel:-
On the basis of product type, power tool gears market can be further segmented:
- Bevel Gears
- Hypoid & Others
- Spur & Helical Gears
On the basis of end use, power tool gears market can be further segmented:
- Impact Drivers
- Impact Wrenches
- Air Ratchets
- Impact Drivers
- Impact Wrenches
- Dust Extractors
On the basis of sales channel, power tool gears market can be further segmented:
Power tool gears market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Power Tool Gears Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Power Tool Gears Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Power Tool Gears Market report?
In addition to up-to-date market figures and customized of the Power Tool Gears Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.