Power Tools Accessories Market in the UK to grow by USD 29.76 mn | Growing Demand for Power Tools for DIY Projects to Boost Growth | 17000+ Technavio Reports

NEW YORK, Nov. 3, 2021 /PRNewswire/ — The power tools accessories market in the UK is expected to grow by USD…

NEW YORK, Nov. 3, 2021 /PRNewswire/ — The power tools accessories market in the UK is expected to grow by USD 29.76 million from 2020 to 2025, progressing at a CAGR of 3.82% according to the latest report by Technavio.

To know the exact growth variance and the Y-O-Y growth rate – Request a free sample report.

Power Tools Accessories Market in UK 2021-2025: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Caterpillar Inc., Festool GmbH, Hilti Corp., Koki Holdings Co. Ltd., KYOCERA Corp., Makita USA Inc., Milwaukee Electric Tool Corp., Robert Bosch GmbH, Snap-on Inc., and Stanley Black and Decker Inc. are some of the major market participants.

 Power Tools Accessories Market in UK 2021-2025: Drivers & Challenges

The growing demand for power tools for DIY projects, increase in demand from professional end-user industries and the growing popularity of cordless power tools will offer immense growth opportunities. However, the influx of Chinese brands might hamper the market growth. 

Power Tools Accessories Market in UK 2021-2025: Scope

Our power tools accessories market in UK report covers the following areas:

Power Tools Accessories Market in UK 2021-2025: Revenue Generating Segment

The power tools accessories market share growth in UK by the professional segment will be significant during the forecast period.

Power Tools Accessories Market in UK 2021-2025: Segmentation

  • End-user
    • Professional
    • Consumer
  • Type
    • Drill Bits
    • Screwdriver Bits
    • Router Bits
    • Others

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of around 25 vendors operating in the Power Tools Accessories Market in UK. Backed with competitive intelligence and benchmarking, our research reports on the Power Tools Accessories Market in UK are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Subscribe to our «Lite Plan» billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.

Power Tools Accessories Market in UK 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist power tools accessories market in UK growth during the next five years
  • Estimation of the power tools accessories market in UK size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the power tools accessories market in the UK
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the power tools accessories market in UK vendors

Related Reports:

 Power Tools Market –The power tools market size is expected to grow by USD 8.07 bn and record a CAGR of 4% during 2020-2024. Download a free sample report now!

Power Tools Market in US – The power tools market in US value is projected to grow by USD 1.63 billion at a CAGR of 3.33% during 2021-2025. Download a free sample report now!

Power Tools Accessories Market In UK Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.82%

Market growth 2021-2025

USD 29.76 million

Market structure

Fragmented

YoY growth (%)

2.27

Regional analysis

UK

Performing market contribution

UK at 100%

Key consumer countries

UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Caterpillar Inc., Festool GmbH, Hilti Corp., Koki Holdings Co. Ltd., KYOCERA Corp., Makita USA Inc., Milwaukee Electric Tool Corp., Robert Bosch GmbH, Snap-on Inc., and Stanley Black and Decker Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/power-tools-accessories-market-in-the-uk-to-grow-by-usd-29-76-mn—growing-demand-for-power-tools-for-diy-projects-to-boost-growth–17000-technavio-reports-301412298.html

SOURCE Technavio