Power Tool Accessories Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022

Pages: 168

SKU: IRTNTR43176

Snapshot

Accessories Market Forecast 2023-2027

The accessories market is estimated to grow at a CAGR of 5.1% between 2022 and 2027. The size of the market is forecast to increase by USD 758.76 million. The growth of the market depends on several factors, including the increase in sales of passenger cars, growth of fabricated metal products, and rise in construction activities in emerging nations in APAC.

What will be the size of the Accessories Market During the Forecast Period?

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Market Dynamic

The increase in sales of passenger cars is notably driving the market growth, although factors such as the high cost of power tools may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Accessories Market Driver

The increase in sales of passenger cars is notably driving the market growth. Rapid urbanization, better road infrastructure, and consumer preference for new vehicle models with high fuel efficiency and low emissions are some of the factors driving the market for automobiles. Power tools have various applications in the automotive production line. Therefore, a rise in the sales or production of vehicles is expected to propel the demand for power tools and accessories.

An increase in consumer preference for fuel efficiency, and low emission will drive the demand for passenger cars, thereby propelling the demand for power tools and accessories. In the commercial vehicles category, the US contributes more than three-fourths of the market share in the Americas. The recent recovery from the economic crisis and growth in the economy has boosted the sales of commercial vehicles in the region.

Significant Accessories Market Trend

Increased integration of the Internet of Things (IoT) in manufacturing processes is the primary trend in the market. Industrial machines, such as compressors, pumps, industrial robots, and power tools, are all equipped with IoT technology.

The integration of IoT allows industrial machines to transmit data related to critical operating parameters such as temperature, pressure, stress, and health and performance parameters over Internet protocol (IP) to a control room or a device. Such data helps in increasing the efficiency of industrial machinery, reducing its downtime, and increasing its useful life and process safety. Therefore, the increasing adoption of IoT-enabled industrial machinery will positively influence the global accessories market during the forecast period.

Major Accessories Market Challenge

The high cost of power tools is the major challenge impeding market growth. Different power tools are developed for the efficient and easy movement of goods. These power tools are available with various capabilities and features to increase operational convenience.

Also, they are available with increased usability, accurate controls, and fool-proof technology to eliminate the risks of mishandling high-speed power tools. These features increase the cost of power tools. Several small-scale industries avoid investing in efficient and effective or high-quality power tools due to the high cost of the product along with the high maintenance cost. The decline in demand for power tools is expected to hinder the growth of the global accessories market.

Key Accessories Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Accessories Market Customer Landscape

Who are the Major Accessories Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Stanley Black and Decker Inc. - The company offers accessories such as variable speed corded drills, and cordless drills in a range of voltages under their subsidiary named Dewalt under tools and storage. Through this segment, the company offers a wide range of products such as drills, impact wrenches and drivers, grinders, saws, demolition tools, clamps, vises, knives, saws, and others.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Segmentation

The market share growth of the professional segment will be significant during the forecast period. Professionals are ready to pay a premium price for better quality and more durable accessories as these are used continuously. They are also ready to adopt pneumatic and hydraulic power tools, which are generally not preferred by the consumer segment because these tools require high maintenance and additional ancillary equipment. Therefore, in the professional segment, a major demand for accessories is expected to arise from pneumatic and hydraulic power tools.

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The professional segment was valued at USD 899.74 million in 2017 and continued to grow until 2021. In the professional' segment, the demand for multifunctional tools is high. The growth of the professional segment of this market will be driven by improvements in the construction, manufacturing, and automotive industries.

Regional Analysis

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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In North America, the US is a major revenue contributor to the accessories market. The rise in the number of outsourcing activities to countries such as Canada, Mexico, and Brazil will drive the demand for power tools and accessories. Canada is planning to make significant investments in unconventional hydrocarbon resources. Several new pipeline projects are expected to commence in the country during the forecast period. Such projects require a significant number of pipelines, which are manufactured using metal welding equipment. All these factors are expected to drive the growth of the power tools and accessories market in North America.

Market Analyst Overview

The market, a cornerstone of various industries including shipbuilding, automotive, and residential applications, continues to evolve with advancements in technology and materials. Manufacturers prioritize durability and efficiency, sourcing the highest quality materials to ensure reliability and performance in demanding environments.

In recent years, there has been a notable shift towards battery-powered tools, offering increased mobility and versatility for both professional and do-it-yourself (DIY) applications. Homeowners and residential users favor these tools for their convenience, particularly in remodeling and refurbishing existing homes, where traditional power sources may be limited.

Energy efficiency is a key consideration, with modern power tools incorporating electronic components and brushless motors to minimize power consumption and maximize output. This not only reduces costs for users but also aligns with broader energy conservation efforts.However, the market is not without its challenges. Fluctuations in raw material costs, manufacturing interruptions, and delays can impact production schedules and lead to inefficiencies. Despite these challenges, the demand for power tools remains strong, driven by the ongoing need for efficiency and productivity across various sectors.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

End-user Outlook (USD Million, 2017 - 2027)
- Professional
- Consumer

Type Outlook (USD Million, 2017 - 2027)
- Drill bits
- Screwdriver bits
- Router bits
- Others

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Power Tool Accessories Market Scope
Report Coverage	Details
Page number	168
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.1%
Market growth 2023-2027	USD 758.76 million
Market structure	Fragmented
YoY growth 2022-2023(%)	3.56
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 36%
Key countries	US, Canada, China, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ANDREAS STIHL AG and Co. KG, Atlas Copco AB, Bahco, Baker Hughes Co., Caterpillar Inc., Drill King International, Emerson Electric Co, Festool GmbH, Halliburton Co., Hilti Corp., KKR and Co. Inc., Koki Holdings Co. Ltd., KYOCERA corp., Makita Corp., Robert Bosch GmbH, Sandvik AB, Snap on Tools Pvt. Ltd., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., and Tools4Trade
Market dynamics	Parent market analysis,Market forecasting, market growth and trends, 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 market growth analysis 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 Market Research and Growth Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
Precise estimation of the accessories market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of accessories market vendors

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

Table of Contents

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 End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- 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 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global power tool accessories market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global power tool accessories market 2017 - 2021 ($ million)

4.2 End-users Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – End-users Segment 2017 - 2021 ($ million)

4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user

6.3 Professional - Market size and forecast 2022-2027
- Exhibit 34: Chart on Professional - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Professional - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Professional - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Professional - Year-over-year growth 2022-2027 (%)

6.4 Consumer - Market size and forecast 2022-2027
- Exhibit 38: Chart on Consumer - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Consumer - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Consumer - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Consumer - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by End-user
- Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 43: Chart on Type - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type
- Exhibit 45: Chart on Comparison by Type
- Exhibit 46: Data Table on Comparison by Type

7.3 Drill bits - Market size and forecast 2022-2027
- Exhibit 47: Chart on Drill bits - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Drill bits - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Drill bits - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Drill bits - Year-over-year growth 2022-2027 (%)

7.4 Screwdriver bits - Market size and forecast 2022-2027
- Exhibit 51: Chart on Screwdriver bits - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Screwdriver bits - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Screwdriver bits - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Screwdriver bits - Year-over-year growth 2022-2027 (%)

7.5 Router bits - Market size and forecast 2022-2027
- Exhibit 55: Chart on Router bits - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Router bits - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Router bits - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Router bits - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027
- Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Type
- Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 UK - Market size and forecast 2022-2027
- Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027
- Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 Canada - Market size and forecast 2022-2027
- Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.12 Germany - Market size and forecast 2022-2027
- Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption

11.4 Industry risks
- Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 114: Vendors covered

12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification

12.3 Atlas Copco AB
- Exhibit 116: Atlas Copco AB - Overview
- Exhibit 117: Atlas Copco AB - Business segments
- Exhibit 118: Atlas Copco AB - Key news
- Exhibit 119: Atlas Copco AB - Key offerings
- Exhibit 120: Atlas Copco AB - Segment focus

12.4 Bahco
- Exhibit 121: Bahco - Overview
- Exhibit 122: Bahco - Product / Service
- Exhibit 123: Bahco - Key offerings

12.5 Baker Hughes Co.
- Exhibit 124: Baker Hughes Co. - Overview
- Exhibit 125: Baker Hughes Co. - Business segments
- Exhibit 126: Baker Hughes Co. - Key news
- Exhibit 127: Baker Hughes Co. - Key offerings
- Exhibit 128: Baker Hughes Co. - Segment focus

12.6 Caterpillar Inc.
- Exhibit 129: Caterpillar Inc. - Overview
- Exhibit 130: Caterpillar Inc. - Business segments
- Exhibit 131: Caterpillar Inc. - Key offerings
- Exhibit 132: Caterpillar Inc. - Segment focus

12.7 Drill King International
- Exhibit 133: Drill King International - Overview
- Exhibit 134: Drill King International - Product / Service
- Exhibit 135: Drill King International - Key offerings

12.8 Emerson Electric Co
- Exhibit 136: Emerson Electric Co - Overview
- Exhibit 137: Emerson Electric Co - Business segments
- Exhibit 138: Emerson Electric Co - Key news
- Exhibit 139: Emerson Electric Co - Key offerings
- Exhibit 140: Emerson Electric Co - Segment focus

12.9 Festool GmbH
- Exhibit 141: Festool GmbH - Overview
- Exhibit 142: Festool GmbH - Product / Service
- Exhibit 143: Festool GmbH - Key offerings

12.10 Hilti Corp.
- Exhibit 144: Hilti Corp. - Overview
- Exhibit 145: Hilti Corp. - Product / Service
- Exhibit 146: Hilti Corp. - Key offerings

12.11 Koki Holdings Co. Ltd.
- Exhibit 147: Koki Holdings Co. Ltd. - Overview
- Exhibit 148: Koki Holdings Co. Ltd. - Product / Service
- Exhibit 149: Koki Holdings Co. Ltd. - Key offerings

12.12 KYOCERA corp.
- Exhibit 150: KYOCERA corp. - Overview
- Exhibit 151: KYOCERA corp. - Business segments
- Exhibit 152: KYOCERA corp. - Key news
- Exhibit 153: KYOCERA corp. - Key offerings
- Exhibit 154: KYOCERA corp. - Segment focus

12.13 Makita Corp.
- Exhibit 155: Makita Corp. - Overview
- Exhibit 156: Makita Corp. - Business segments
- Exhibit 157: Makita Corp. - Key offerings
- Exhibit 158: Makita Corp. - Segment focus

12.14 Robert Bosch GmbH
- Exhibit 159: Robert Bosch GmbH - Overview
- Exhibit 160: Robert Bosch GmbH - Business segments
- Exhibit 161: Robert Bosch GmbH - Key offerings
- Exhibit 162: Robert Bosch GmbH - Segment focus

12.15 Snap on Tools Pvt. Ltd.
- Exhibit 163: Snap on Tools Pvt. Ltd. - Overview
- Exhibit 164: Snap on Tools Pvt. Ltd. - Product / Service
- Exhibit 165: Snap on Tools Pvt. Ltd. - Key offerings

12.16 Stanley Black and Decker Inc.
- Exhibit 166: Stanley Black and Decker Inc. - Overview
- Exhibit 167: Stanley Black and Decker Inc. - Business segments
- Exhibit 168: Stanley Black and Decker Inc. - Key news
- Exhibit 169: Stanley Black and Decker Inc. - Key offerings
- Exhibit 170: Stanley Black and Decker Inc. - Segment focus

12.17 Techtronic Industries Co. Ltd.
- Exhibit 171: Techtronic Industries Co. Ltd. - Overview
- Exhibit 172: Techtronic Industries Co. Ltd. - Business segments
- Exhibit 173: Techtronic Industries Co. Ltd. - Key offerings
- Exhibit 174: Techtronic Industries Co. Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 175: Inclusions checklist
- Exhibit 176: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 177: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 178: Research methodology
- Exhibit 179: Validation techniques employed for market sizing
- Exhibit 180: Information sources

13.5 List of abbreviations
- Exhibit 181: List of abbreviations

Methodology

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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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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