Pneumatic tool is a power-driven machine that are powered by compressed air supplied by an air compressor.
Global Pneumatic Tools Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Pneumatic Tools market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Pneumatic Tools Market Analysis, 2020”, the Global Pneumatic Tools market is anticipated to grow at a CAGR of around 4.5% during 2020-25F. The growth of the market is attributed to rising spending by the government toward the infrastructural development, increase in discretionary income of the customers, and rising adoption of pneumatic tools in household use and in DIY techniques. Moreover, escalating demand for tools in industrial and construction sector, surging technological advancement, along with introduction of various innovative tools such as cordless saws and drill machines are the key factors proliferating the growth of the market in the forecast period.
Non-Residential Segment Acquired Considerable market share
Based on End User, Non-residential segment acquired the majority market share in the Global Pneumatic market in 2019 owing to its extensive demand in the sectors such as automotive, oil & gas, and aerospace, along with a boost in the construction activities in the emerging countries. The residential segment is also expected to grow at a rapid rate due to increasing demand for pneumatic tools for household and DIY activities by the consumers. Therefore, this is anticipated to actively contribute toward the growth of the Pneumatic Tools market globally in the near future as stated in the MarkNtel Advisors’ research report “Global Pneumatic Tools Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Pneumatic Tools market include Stanley Black & Decker, Bosch, Techtronic Industries (TTI), Makita, Hilti, Atlas Copco, APEX Tool Group, Ingersoll-Rand, Snap-On, Koki Holdings etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Pneumatic Tools Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Pneumatic Tools Market during 2020-25?
A. The growth rate of Global Pneumatic Tools Market during 2020-25 is forecast to be grow at a CAGR of 4.5%.
Q. Who are the key competitors or players operating in Global Pneumatic Tools Market?
A. Stanley Black & Decker, Bosch, Techtronic Industries (TTI), Makita, Hilti, Atlas Copco, APEX Tool Group, Ingersoll-Rand, Snap-On, Koki Holdings etc., are few of the leading players in the Global Pneumatic Tools Market.
Q. Which end-user segment would emerge as an opportunity area for players in Global Pneumatic Tools Market?
A. Non-residential is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Pneumatic Tools Market?
A. Asia-Pacific grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Pneumatic Tools Market.