Power Tool Gears Market

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.
• HGears
• 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)
• Japan
• 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.