Lewes, DE -- (SBWIRE) -- 04/28/2015 -- Report forecast the power tools market in the US to grow at a CAGR of 4.22% over the period 2015-2019.

Power tools are used to manufacture products with increased convenience and ease. There are different types of power tools such as electric power tools, engine-driven power tools, and pneumatic power tools. Power tools are adopted for different operations such as drilling, screw driving, chiseling, routing, sanding, polishing, buffing, and leveling. Engine-driven power tools use gasoline for their operation, and pneumatic power tools operate with the effective deployment of compressors. These tools are used across industries such as automotive, infrastructure, construction, woodworking, aerospace, and electrical and electronics.

This report covers the present scenario and the growth prospects of the power tools market in the US during the period 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue generated from the sales of power tools.

According to the report, the recovery of the manufacturing industry is the main driver in the market. Since the economic crisis of 2008, the US economy has been recovering. This has led to an increase in manufacturing industries and in particular automotive industries, which are the greatest users of power tools in manufacturing.

Further, the report states that lack of product differentiation is a main challenge in the market.

Power Tools Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the power tools market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key players in Power Tools Market in the US 2015-2019: Bosch Rexroth, Makita Corp., Stanley Black & Decker Inc. and Techtronic Industries Co. Ltd.

Other Prominent Vendors in the market are: Actuant, Blount International, Emerson Electric, Hilti, Hitachi Koki, Panasonic and Snap-On.

Market driver
- Recovery of manufacturing sector
- For a full, detailed list, view our report

Market challenge
- Lack of product differentiation
- For a full, detailed list, view our report

Market trend
- Energy-efficient power tools
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages, "Power Tools Market in the US 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Product, Market Segmentation by End-user, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/power-tools-market-us-2015-2019

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