United Kingdom Power Tools Market Size, Share, Industry Trends and Report 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “United Kingdom Power Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United Kingdom power tools market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is the United Kingdom Power Tools Market?
The United Kingdom power tools market size reached US$ 1.16 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.45 Billion by 2028, exhibiting a growth rate (CAGR) of 4.0% during 2023-2028.
What is United Kingdom Power Tools?
Power tools are mechanical devices that operate using electricity, compressed air, or gasoline to perform various tasks that would otherwise be labor-intensive or time-consuming. They incorporate safety mechanisms, such as blade guards, trigger locks, and emergency stop buttons to prevent accidents. They are designed to minimize human effort and maximize productivity across tasks, such as cutting, drilling, grinding, sanding, polishing, and more. They enhance efficiency and precision, making them indispensable in a wide range of industries and for personal use. They allow professionals and enthusiasts to achieve consistent and high-quality results. Furthermore, as they possess ergonomic designs and reduced physical exertion to minimize fatigue, their demand is rising in the United Kingdom.
Industry Trends and Drivers:
At present, the increasing demand for power tools as they make it feasible to work on intricate and complex projects that is challenging to execute manually represents one of the crucial factors impelling the market growth in the United Kingdom. Besides this, the rising innovation and introduction of technologically advanced power tools, such as cordless and smart tools, to enhance efficiency and user experience is contributing to the growth of the market. In addition, the growing trend of do-it-yourself (DIY) activities among consumers is offering a favorable market outlook in the United Kingdom. Apart from this, the increasing integration of brushless motors and lithium-ion (Li-ion) batteries in power tools is strengthening the growth of the market in the United Kingdom.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Product Type Insights:
- Drill Bits
- Circular Saw Blades
- Coated Abrasives
- Screwdriver Bits, Holders & Accessories
- Diamond Drilling & Cutting
- Reciprocating Saw Blades
- Cutting & Grinding Discs
- Tool Chucks
- Jigsaw Blades
- Points & Chisels
- Wire Brushes
- Multi-tool Blades
- Others