Power Drill Market by Product, Technology, and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022 Pages: 157 SKU: IRTNTR45512

The power drill market share is expected to increase by USD 540.03 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.79%.

This power drill market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers power drill market segmentation by product (hammer and rotary power drills, impact and rotary power drills, and traditional and rotary power drills), technology (cordless power drills and corded power drills), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The power drill market report also offers information on several market vendors, including Apex Tool Group LLC, Atlas Copco AB, C. and E. Fein GmbH, CHERVON China Trading Co. Ltd., Emerson Electric Co., Enerpac Tool Group Corp, Festool GmbH, Hilti Corp., Ingersoll Rand Inc., Jiangsu Dongcheng M and E Tools Co Ltd, Josch Group, Koki Holdings Co. Ltd., Makita Corp., Nemo Power Tools Ltd., Panasonic Holdings Corp, Robert Bosch GmbH, Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., and The Husqvarna Group among others.

What will the Power Drill Market Size be During the Forecast Period?

Download Report Sample to Unlock the Power Drill Market Size for the Forecast Period and Other Important Statistics

 

Power Drill Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increased innovations in power drills through advanced technologies is notably driving the power drill market growth, although factors such as battery runtime and high maintenance costs associated with cordless power drills may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the power drill industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Power Drill Market Driver

The increased innovations in power drills through advanced technologies is one of the factors driving the power drill market growth. Competitors operating in the global power drill market constantly strive to develop innovative and technologically advanced products to cater to the evolving needs of consumers. Advances in technology have enabled them to provide innovative products. Meanwhile, consumers prefer battery-powered products influenced by environmental concerns and high fuel prices. Improving performance and advances in battery technologies, including lower prices of lead-acid and Li-ion rechargeable battery packs, have enabled manufacturers to develop cordless power drills to enable mobility. These developments are expected to drive market growth during the forecast period.

Key Power Drill Market Trend

The advent of cordless power drills is one of the key power drill market trends fueling market growth. Most power drill manufacturers are now transitioning toward cordless power drills that are equipped with efficient and lightweight lithium batteries. Despite higher prices of cordless products acting as a limiting factor, their unit price will likely decline over the next five years amid growing competition. Also, major vendors in the market are launching new products to increase their market share in the global power drill market. For instance, in January 2022, Robert Bosch Tool Corporation (Bosch Power Tools) introduced its strongest new hammer drill/driver and drill/driver under the PROFACTOR System to date - the GSB18V-1330C and GSR18V-1330C. Thus, the advent of cordless power drills will positively impact the growth of the global cordless power drill market during the forecast period.

Key Power Drill Market Challenge

The battery runtime and high maintenance costs associated with cordless power drills is one of the key factors challenging the power drill market growth. Maintenance costs of cordless power drills are high. The average cost of replacing a battery is more than $60, which is almost equal to the cost of a corded power drill. Weight, vibration, and extra noise are some of the other issues associated with cordless power drills, which are higher than corded power drills. Such issues associated with cordless power drills will hamper the growth of the market during the forecast period.

This power drill market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global power drill market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the power drill market during the forecast period.

Who are the Major Power Drill Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Apex Tool Group LLC
  • Atlas Copco AB
  • C. and E. Fein GmbH
  • CHERVON China Trading Co. Ltd.
  • Emerson Electric Co.
  • Enerpac Tool Group Corp
  • Festool GmbH
  • Hilti Corp.
  • Ingersoll Rand Inc.
  • Jiangsu Dongcheng M and E Tools Co Ltd
  • Josch Group
  • Koki Holdings Co. Ltd.
  • Makita Corp.
  • Nemo Power Tools Ltd.
  • Panasonic Holdings Corp
  • Robert Bosch GmbH
  • Snap On Inc.
  • Stanley Black and Decker Inc.
  • Techtronic Industries Co. Ltd.
  • The Husqvarna Group

 

This statistical study of the power drill market encompasses successful business strategies deployed by the key vendors. The power drill market is fragmented and the vendors are deploying growth strategies such as product differentiation, portfolio, and pricing to compete in the market.

Product Insights and News

  • atlascopcogroup.com - The company offers power drill products named such as EBB26 as battery type, multi-speed, and wi-fi tethering.
  • emerson.com - The company offers a power drill named R860012KN, for an 18V cordless mechanism.
  • enerpactoolgroup.com - The company offers power drill products named HT20, and HT50 for a maximum diameter of 127mm.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The power drill market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Power Drill Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the power drill market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Power Drill Market?

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34% of the market’s growth will originate from APAC during the forecast period. China is the key market for the power drill market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Industrialization and urbanization in the region's developing countries will facilitate the power drill market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the outbreak of COVID-19 hampered the growth of the regional market. However, the initiation of large-scale vaccination drives and the resumption of manufacturing operations in different industries such as automobiles stabilized the growth of the power drill market in APAC in Q4 2020. Also, the key vendors in the regional market are prioritizing and rescheduling all business activities, which will spur the growth of the market during the forecast period.

What are the Revenue-generating Product Segments in the Power Drill Market?

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The power drill market share growth in the hammer and rotary power drills segment will be significant during the forecast period. Hammer and rotary power drills are similar to standard conventional drills but come with a rapid hammering function or motion to drill into masonry. These drills, being heavy-duty, are considered ideal for drilling through tough surfaces such as brick, concrete, and stone as they are quick and effortless. They feature a hammer function pounding the drill bit while it rotates and works its way through dense materials. One of the advantages of these drills is that the hammer function can be easily switched off into a regular drill when needed. Such advantages of hammer and rotary power drills will boost the market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the power drill market size and actionable market insights on post COVID-19 impact on each segment.

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Power Tools market - The market share is poised to grow by USD 10.33 billion during 2022-2026, accelerating at a CAGR of 5.59% during the forecast period

Power Drill Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.79%

Market growth 2022-2026

$ 540.03 million

Market structure

Fragmented

YoY growth (%)

4.73

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, Canada, China, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Apex Tool Group LLC, Atlas Copco AB, C. and E. Fein GmbH, CHERVON China Trading Co. Ltd., Emerson Electric Co., Enerpac Tool Group Corp, Festool GmbH, Hilti Corp., Ingersoll Rand Inc., Jiangsu Dongcheng M and E Tools Co Ltd, Josch Group, Koki Holdings Co. Ltd., Makita Corp., Nemo Power Tools Ltd., Panasonic Holdings Corp, Robert Bosch GmbH, Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., and The Husqvarna Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Power Drill Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive power drill market growth during the next five years
  • Precise estimation of the power drill market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the power drill industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of power drill market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 25: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 27: Chart on Comparison by Product
      • Exhibit 28: Data Table on Comparison by Product
    • 5.3 Hammer and rotary power drills - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Hammer and rotary power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Hammer and rotary power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Hammer and rotary power drills - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Hammer and rotary power drills - Year-over-year growth 2021-2026 (%)
    • 5.4 Impact power drills - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Impact power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Impact power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Impact power drills - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Impact power drills - Year-over-year growth 2021-2026 (%)
    • 5.5 Traditional power drills - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Traditional power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Traditional power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Traditional power drills - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Traditional power drills - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 41: Market opportunity by Product ($ million)

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 42: Chart on Technology - Market share 2021-2026 (%)
      • Exhibit 43: Data Table on Technology - Market share 2021-2026 (%)
    • 6.2 Comparison by Technology
      • Exhibit 44: Chart on Comparison by Technology
      • Exhibit 45: Data Table on Comparison by Technology
    • 6.3 Cordless power drills - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Cordless power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Cordless power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Cordless power drills - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Cordless power drills - Year-over-year growth 2021-2026 (%)
    • 6.4 Corded power drills - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Corded power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Corded power drills - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Corded power drills - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Corded power drills - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Technology
      • Exhibit 54: Market opportunity by Technology ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 56: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 58: Chart on Geographic comparison
      • Exhibit 59: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 Germany - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.10 China - Market size and forecast 2021-2026
      • Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.11 Canada - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 8.12 France - Market size and forecast 2021-2026
      • Exhibit 96: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 100: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 101: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 103: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 104: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 105: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 106: Matrix on vendor position and classification
            • 11.3 Atlas Copco AB
              • Exhibit 107: Atlas Copco AB - Overview
              • Exhibit 108: Atlas Copco AB - Business segments
              • Exhibit 109: Atlas Copco AB - Key news
              • Exhibit 110: Atlas Copco AB - Key offerings
              • Exhibit 111: Atlas Copco AB - Segment focus
            • 11.4 Emerson Electric Co.
              • Exhibit 112: Emerson Electric Co. - Overview
              • Exhibit 113: Emerson Electric Co. - Business segments
              • Exhibit 114: Emerson Electric Co. - Key news
              • Exhibit 115: Emerson Electric Co. - Key offerings
              • Exhibit 116: Emerson Electric Co. - Segment focus
            • 11.5 Enerpac Tool Group Corp
              • Exhibit 117: Enerpac Tool Group Corp - Overview
              • Exhibit 118: Enerpac Tool Group Corp - Business segments
              • Exhibit 119: Enerpac Tool Group Corp - Key offerings
              • Exhibit 120: Enerpac Tool Group Corp - Segment focus
            • 11.6 Hilti Corp.
              • Exhibit 121: Hilti Corp. - Overview
              • Exhibit 122: Hilti Corp. - Product / Service
              • Exhibit 123: Hilti Corp. - Key news
              • Exhibit 124: Hilti Corp. - Key offerings
            • 11.7 Ingersoll Rand Inc.
              • Exhibit 125: Ingersoll Rand Inc. - Overview
              • Exhibit 126: Ingersoll Rand Inc. - Business segments
              • Exhibit 127: Ingersoll Rand Inc. - Key offerings
              • Exhibit 128: Ingersoll Rand Inc. - Segment focus
            • 11.8 Koki Holdings Co. Ltd.
              • Exhibit 129: Koki Holdings Co. Ltd. - Overview
              • Exhibit 130: Koki Holdings Co. Ltd. - Product / Service
              • Exhibit 131: Koki Holdings Co. Ltd. - Key offerings
            • 11.9 Makita Corp.
              • Exhibit 132: Makita Corp. - Overview
              • Exhibit 133: Makita Corp. - Business segments
              • Exhibit 134: Makita Corp. - Key offerings
              • Exhibit 135: Makita Corp. - Segment focus
            • 11.10 Robert Bosch GmbH
              • Exhibit 136: Robert Bosch GmbH - Overview
              • Exhibit 137: Robert Bosch GmbH - Business segments
              • Exhibit 138: Robert Bosch GmbH - Key news
              • Exhibit 139: Robert Bosch GmbH - Key offerings
              • Exhibit 140: Robert Bosch GmbH - Segment focus
            • 11.11 Stanley Black and Decker Inc.
              • Exhibit 141: Stanley Black and Decker Inc. - Overview
              • Exhibit 142: Stanley Black and Decker Inc. - Business segments
              • Exhibit 143: Stanley Black and Decker Inc. - Key news
              • Exhibit 144: Stanley Black and Decker Inc. - Key offerings
              • Exhibit 145: Stanley Black and Decker Inc. - Segment focus
            • 11.12 Techtronic Industries Co. Ltd.
              • Exhibit 146: Techtronic Industries Co. Ltd. - Overview
              • Exhibit 147: Techtronic Industries Co. Ltd. - Business segments
              • Exhibit 148: Techtronic Industries Co. Ltd. - Key offerings
              • Exhibit 149: Techtronic Industries Co. Ltd. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 150: Inclusions checklist
                • Exhibit 151: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 152: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 153: Research methodology
                • Exhibit 154: Validation techniques employed for market sizing
                • Exhibit 155: Information sources
              • 12.5 List of abbreviations
                • Exhibit 156: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              power drill market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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