Portable tools market continues to maintain its momentum on back of strong sales of personal protective equipment and power tools.
The US$ 85 billion market is likely to show Goldilocks growth, with market revenues likely to grow by 1.4X between 2018 and 2028.
To get in-depth information view the report – https://www.factmr.com/report/1576/portable-tools-market
These insights are according to a latest Fact.MR study that tracks the portable tools market in over seven regions and over 50 countries.
According to the report, the portable tools market continues to be highly fragmented, with a number of local and regional players accounting for miniscule revenue shares.
Large corporations, such as Stanley Black & Decker, Inc. and Robert Bosch GmbH have single-digit market share from portable tools.
The report finds that a large number of local and regional players cater to fixed categories of portable tools, with power tools and personal protection equipment among the top draws.
Per unit cost of portable tools varies across product segments, with power tools and hand tools at the opposite ends of the spectrum.
The price per unit is highest in Europe, owing to relatively higher demand for portable tools in the region.
Per unit cost of power tool varies from US$ 70 to US$ 80 per unit in Europe – in South East Asia & Pacific, the cost per unit drops to US$ 55 to US$ 60.
The research study offers in-depth qualitative analysis on the key…