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Power Tools Accessories Market in UK by End-user and Type - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71098
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The power tools accessories market in UK has the potential to grow by USD 29.76 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.82%.

This power tools accessories market research report of UK 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 market segmentation by end-user (professional and consumer) and type (drill bits, screwdriver bits, router bits, and others). The power tools accessories market report of UK also offers information on several market vendors, including Caterpillar Inc., Festool GmbH, Hilti Corp., Koki Holdings Co. Ltd., KYOCERA Corp., Makita USA Inc., MilwaUKee Electric Tool Corp., Robert Bosch GmbH, Snap-on Inc., and Stanley Black and Decker Inc. among others.

What will the Power Tools Accessories Market Size in UK be in 2021?

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Power Tools Accessories Market in UK: Key Drivers and Trends

The growing demand for power tools for DIY projects is notably driving the power tools accessories market growth in UK, although factors such as the influx of Chinese brands 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 tools accessories industry in UK. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  
  • One of the key factors driving growth in the power tools accessories market is the growing demand for power tools for DIY projects.
  • Home improvement projects constitute the majority of the DIY projects.
  • With the rising popularity of social media channels, more people are getting involved in DIY projects to demonstrate their creative skills.
  • The growing number of home improvement stores and the increasing availability of power tools and accessories (from mass merchandisers and online retailers) are expected to drive the demand for power tools accessories for DIY projects.
  • Home improvement stores and online videos offered by manufacturers provide consumers with the necessary information on the applications of different power tools and accessories to help them make an informed decision before making a purchase.
  
  • The increase in demand from professional end-user industries is another major factor supporting the power tools accessories market share growth.
  • Construction workers such as masons, plumbers, electricians, and various workshops that provide maintenance and repair services comprise a major part of professional end-users.
  • The UK is one of the major growth contributors to the automotive market in Europe, mainly due to the presence of many global manufacturers.
  • The automotive industry is in a better condition in 2021 than in 2020 and the growth of the industry is driven by the growing demand for passenger cars and commercial vehicles, which, in turn, increases the demand for power tools and related accessories in automobile production.

This power tools accessories market analysis report of UK 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 2021-2025.

Who are the Major Power Tools Accessories Market Vendors in UK?

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

 

  • Caterpillar Inc.
  • Festool GmbH
  • Hilti Corp.
  • Koki Holdings Co. Ltd.
  • KYOCERA Corp.
  • Makita USA Inc.
  • MilwaUKee Electric Tool Corp.
  • Robert Bosch GmbH
  • Snap-on Inc.
  • Stanley Black and Decker Inc.

 

This statistical study of the power tools accessories market in UK encompasses successful business strategies deployed by the key vendors. The power tools accessories market in UK is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

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

What are the Revenue-generating End-user Segments in the Power Tools Accessories Market in UK?

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The power tools accessories market share growth in UK by the professional segment will be significant during the forecast period.

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

 

Power Tools Accessories Market Scope in UK

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.82%

Market growth 2021-2025

$ 29.76 million

Market structure

Fragmented

YoY growth (%)

2.27

Regional analysis

UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Caterpillar Inc., Festool GmbH, Hilti Corp., Koki Holdings Co. Ltd., KYOCERA Corp., Makita USA Inc., MilwaUKee Electric Tool Corp., Robert Bosch GmbH, Snap-on Inc., and Stanley Black and Decker Inc.

Market Dynamics

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

Customization purview

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What are the Key Factors Covered in this Power Tools Accessories Market Report of UK?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive power tools accessories market growth in UK during the next five years
  • Precise estimation of the power tools accessories market size in UK and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the power tools accessories market vendors in UK

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Professional - Market size and forecast 2020-2025
    • Consumer - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Drill bits - Market size and forecast 2020-2025
    • Screwdriver bits - Market size and forecast 2020-2025
    • Router bits - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Caterpillar Inc.
    • Festool GmbH
    • Hilti Corp.
    • Koki Holdings Co. Ltd.
    • KYOCERA Corp.
    • Makita USA Inc.
    • Milwaukee Electric Tool Corp.
    • Robert Bosch GmbH
    • Snap-on Inc.
    • Stanley Black and Decker Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • 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.

    TechnavioINFORMATION 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
    Technavio

    TechnavioDATA 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
    Technavio

    TechnavioREPORT WRITING

    Qualitative

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

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The power tools accessories market growth will increase by $29.76 million during 2020-2025.
    The power tools accessories market is expected to grow at a CAGR of 3.82% during 2020-2025.
    Technavio has segmented the power tools accessories market by end user (Professional and Consumer) ,type (Drill bits, Screwdriver bits, Router bits, and Others) , and geographic (UK).
    Caterpillar Inc., Festool GmbH, Hilti Corp., Koki Holdings Co. Ltd., KYOCERA Corp., Makita USA Inc., Milwaukee Electric Tool Corp., Robert Bosch GmbH, Snap-on Inc., Stanley Black and Decker Inc. are a few of the key vendors in the power tools accessories market.
    UK will register the highest growth rate of 100% among the other regions. Therefore, the power tools accessories market in UK is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the power tools accessories market growth are:
    • Growing demand for power tools for DIY projects
    The power tools accessories market vendors should focus on grabbing business opportunities from the professional segment as it accounted for the largest market share in the base year.
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