United Kingdom (UK) Power Tools Market Research Report, 2028

United Kingdom (UK) Power Tools Market Research Report, 2028

Actual Market Research 30-01-2023 63 Pages Figures : 5 Tables : 14 Region : Europe Country : United Kingdom Category : Manufacturing & Industry Machinery, Parts & Equipment

Technological advancements, high-capacity batteries, remote accessibility, and increased operational efficiency will drive the growth of the power tools market in the United Kingdom. Power tools are used to reduce errors and ensure quality in a variety of production lines and precision work environments. For example, fastening nuts and bolts for various components on an assembly line in a factory requires high accuracy and a predetermined level of tightening, which power tools can precisely achieve. Power tools are also used by service providers such as plumbers, fitters, welders, maintenance service providers, fabricators, electricians, and repairing service providers. Their portability and long battery life make their operations easier, saving time. Power tools are in high demand in the construction and automation industries as a result of these factors. The existing automobile manufacturing industry in the United Kingdom is increasing demand for cordless power tools. According to the research report, “United Kingdom Power Tools Market Research Report, 2028”published by Actual Market Research, the market is anticipated to add up to 0.70 Billion market size during the upcoming timeframe. During the forecast period, drilling and fastening tools are expected to account for the largest share of the power tools market by tool type. During the forecast period, the market for electric mode of operation tools is expected to grow at the fastest CAGR. Electric tools are plug-and-play, whereas cordless tools are simple to use, efficient, and convenient. End users prefer cordless tools over traditional tools due to their ergonomic benefits. The growing demand for lightweight, portable, flexible, and compact tools, as well as the growing DIY trend among homeowners, is driving the adoption of electric power tools for residential and DIY use. Material removal tools are expected to grow at a faster CAGR during the forecast period. These are end-effectors that are used to remove unwanted material from workpieces in order to achieve the desired shape. Sanders, polishers, buffers, air scalers, and grinders are examples of material removal tools used in industrial and residential applications. These tools are ergonomically designed for the users' comfort and safety. These tools are powered by either electricity or pneumatics. Cordless electric material removal tools are widely used in a variety of industrial applications, driving segment growth. Power Tools UK, ToolStore UK, Landon Power Tools & Fixings, UK Power Tool, ToolStore UK, Kelvin Power Tools, Power Tools Direct, D & M Tools, UK Planet Tools Ltd, Toolbritannia, Fixings & Power Tool Center, Toucan Tools, Lakedale power Tools, and many more are some of the power tool stores in the UK. The growing demand for power tools for DIY projects is notably driving the growth of the power tools accessories market in the UK, though factors such as the influx of Chinese brands may impede market growth. Our research analysts examined historical data to determine the key market drivers and the COVID-19 pandemic impact on the power tools accessories industry in the United Kingdom. The comprehensive analysis of the drivers will aid in determining end goals and refining marketing strategies to gain a competitive advantage. Maintenance and high costs of moving parts, as well as fluctuations in the costs of raw materials required to build power materials, are stifling the market's overall growth. Precision instruments and assembly tools are among the power tools. It is costly to maintain all of the power tool's components. The product's high maintenance cost is a significant impediment in this market. Power tool batteries, power connections, and motors all fail over time. Replacing power tool parts and performing regular maintenance is a significant expense for any business. The consumer in the developed world does not want to pay higher maintenance costs. This constraint may result in lower demand and lower revenue for the Power Tools Market. The high cost of power tools restricts the market's growth rate. Considered in this report • Geography: United Kingdom • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • United Kingdom Power Tools market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Tools Type: • Drilling and Fastening Tools • Demolition Tools • Sawing and Cutting Tools • Material Removal Tools • Routing Tools • Others By Mode of Operation: • Electric • Pneumatic • Others (Hydraulic) By Application Type: • Industrial • Residential The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Power Tools industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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