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DUBLIN , March 8, 2022 /PRNewswire/ -- The "Power Tool Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global power tool accessories market reached a value of US$ 1.85 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 2.59 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. Power tools accessories refer to the additional fittings that are used in various engine-driven power, electric and pneumatic power devices. Drills, screwdrivers, and router bits, abrasives wheels, saw blades, chippers and threading products are some of the commonly used power tool accessories. These accessories are ergonomically designed to enhance the efficiency, convenience of use, battery performance and connectivity of the power tools. They also aid in simplifying repetitive tasks and minimizing the chances of human errors and injuries. Owing to this, they find extensive applications across various sectors, including electronics, construction, logistics, manufacturing and aerospace. Rapid industrialization, along with the emerging trend of automation across the globe, is one of the key factors driving the growth. Furthermore, expansion in the construction and automotive industries is also providing a boost to the market growth. In line with this, there is a growing demand for fabricated metals, such as stamped metal products, fasteners and springs, which are manufactured using power tools, thereby increasing the utilization of power tool accessories.

The widespread adoption of cordless power tools equipped with high-density Lithium-ion (Li-ion) batteries is also creating a positive impact on the market growth. In comparison to the traditionally used devices, cordless power tools, such as hammer drills, impact wrenches and circular saws, are more compact, mobile, multi-purpose and have a longer operational life. Other factors, including rapid urbanization, along with the development of smart technologies and low-cost and energy-efficient power tools, are projected to drive the market further. Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global power tool accessories market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end-use sector. Breakup by Type:

The report has also analysed the competitive landscape of the market with some of the key players being Apex Tool Group LLC (Bain Capital Partners), Atlas Copco AB, Hilti Aktiengesellschaft, Husqvarna Group, Ingersoll-Rand Plc (Gardner Denver Holdings Inc.), Klein Tools Inc., Koki Holdings Co. Ltd. (KKR & Co. Inc.), Makita Corporation, Robert Bosch GmbH, Snap-On Incorporated, Stanley Black & Decker Inc., Techtronic Industries Company Limited, etc. Key Questions Answered in this Report 1. What is the global power tool accessories market growth? 2. What are the global power tool accessories market drivers? 3. What are the key industry trends in the global power tool accessories market? 4. What is the impact of COVID-19 on the global power tool accessories market? 5. What is the global power tool accessories market breakup by type? 6. What is the global power tool accessories market breakup by application? 7. What is the global power tool accessories market breakup by end-use sector? 8. What are the major regions in the global power tool accessories market? 9. Who are the key companies/players in the global power tool accessories market? Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Power Tool Accessories Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Drill Bits 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Screwdriver Bits 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Router Bits 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Circular Saw Blades 6.4.1 Market Trends 6.4.2 Market Forecast 6.5 Jig Saw Blades 6.5.1 Market Trends 6.5.2 Market Forecast 6.6 Band Saw Blades 6.6.1 Market Trends 6.6.2 Market Forecast 6.7 Abrasive Wheels 6.7.1 Market Trends 6.7.2 Market Forecast 6.8 Reciprocating Saw Blades 6.8.1 Market Trends 6.8.2 Market Forecast 6.9 Others 6.9.1 Market Trends 6.9.2 Market Forecast 7 Market Breakup by Application 7.1 Milter Saw 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Drill Machine 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Reciprocating Saw 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Hole Saw 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by End-Use Sector 8.1 Industrial 8.1.1 Market Trends 8.1.2 Major Types 8.1.2.1 Automotive 8.1.2.2 Construction 8.1.2.3 Aerospace and Defense 8.1.2.4 Energy 8.1.2.5 Marine 8.1.2.6 Others 8.1.3 Market Forecast 8.2 Residential 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Apex Tool Group LLC (Bain Capital Partners) 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.2 Atlas Copco AB 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.2.3 Financials 14.3.2.4 SWOT Analysis 14.3.3 Hilti Aktiengesellschaft 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.3.3 SWOT Analysis 14.3.4 Husqvarna Group 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.4.3 Financials 14.3.5 Ingersoll-Rand plc (Gardner Denver Holdings Inc.) 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.6 Klein Tools, Inc. 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.7 Koki Holdings Co Ltd. (KKR & Co. Inc.) 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.7.3 SWOT Analysis 14.3.8 Makita Corporation 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.8.3 Financials 14.3.8.4 SWOT Analysis 14.3.9 Robert Bosch GmbH 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.9.3 Financials 14.3.9.4 SWOT Analysis 14.3.10 Snap-On Incorporated 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.10.3 Financials 14.3.10.4 SWOT Analysis 14.3.11 Stanley Black & Decker Inc. 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio 14.3.11.3 Financials 14.3.11.4 SWOT Analysis 14.3.12 Techtronic Industries Company Limited 14.3.12.1 Company Overview 14.3.12.2 Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/7py6en

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