Power Cutter Market - Global Outlook and Forecast 2020-2025: Increased Manufacturing in Developing Countries / High Demand for Precision Cutting / Exponential Growth in the Automotive Industry - ResearchAndMarkets.com

The "Power Cutter Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Power Cutter Market Report

The global power cutter market by revenue is expected to grow at a CAGR of over 5% during the period 2019-2025.

The global power cutter market is expected to witness steady growth during the forecast period. Increasing industrialization across the world and the growing application in household and commercial sectors are primarily driving the industry. Power cutters are primarily used in industries such as automobile, aerospace, construction, electronics, and shipbuilding.

They are also having several household applications, which include removing of paint, soldering of wire, thawing of pipes, and other DIY projects. The growth in Li-ion battery along with the rise in infrastructural developments has paved way for the growth in demand for cutting tools.

Global Power Cutter Market Segmentation

The industrial end-user segment was the largest revenue contributor to the market in 2019 and is more likely to remain dominant throughout the forecast period. Rising pressure on the global manufacturing sector to increase production volume and maintain quality standards is necessitating effective cutting tools. Moreover, the dynamic requirements precision cutting can enhance the demand for the power cutters during the forecast period.

The gas-powered cutters dominated the global market with its 42% market share in terms of revenue in 2019. The increasing demand for construction and automotive industry will help this segment to gain some market share during the forecast period. The other segments will grow owing to the growing demand for eco-friendly power cutters during the forecast period. Factors such as storage, portability, performance, and safety are usually the deciding factors for choosing power cutters.

Ring cutters are used to cut materials such as wood, masonry, plastic, or metal. They are commonly powered by electricity; however, they are also powered by a gasoline engine or a hydraulic motor, which allows them to be fastened to heavy equipment, eliminating the need for a separate energy source. Cordless circular power cutters are increasing in adoption as they are convenient to use, and they work well in confined spaces. Cordless saws are best suited to cutting wood and wood products.

INSIGHTS BY VENDORS

The global power cutter market is characterized by low market concentration, with high competition among players. The present scenario is driving vendors to alter and refine their unique value proposition to achieve a strong market presence. Currently, the industry is moderately fragmented and is dominated by vendors such as Stanley Black & Decker, Bosch and TTI. All these major vendors have a global presence in three major geographical regions: North America, APAC, and Europe.

KEY QUESTIONS ANSWERED

1. What is the power cutter market size and growth rate during the forecast period?

2. What are the factors impacting the growth of the power cutter market shares?

3. What is the growth of the Asia Pacific power cutter market share during the forecast period?

4. Who are the leading vendors and what are their market shares?

5. What is the impact of COVID-19 in the power cutter market share?

Market Dynamics

Market Opportunities & Trends

  • Increased Manufacturing In Developing Countries
  • Increase In Demand For Precision Cutting
  • Increased Construction In Developing Countries
  • Exponential Growth In Automotive Industry

Market Growth Enablers

  • Surge In Popularity Of Diy Techniques
  • Innovation In Li-Ion Battery
  • Increasing Labor Cost In Developed Countries
  • Rise In Disposable Income

Market Restraints

  • Fluctuating Raw Material Prices
  • End-User Variability
  • Availability Of Power Cutters & Low-Cost Labor In Developing Countries

Competitive Landscape

Prominent Vendors

  • Makita
  • Braun Maschinenfabrik
  • Bosch Tools
  • STIHL
  • Saint-Gobain
  • Hilti
  • Stanley Black & Decker

Other Prominent Vendors

  • Panasonic
  • Ferm International
  • Festool
  • Dynabrade
  • Apex Tool Group
  • Honda
  • Atlas Copco
  • CUMI (Carborundum Universal India Ltd)
  • Spartech Construction Equipments
  • FEIN
  • Akshar Industries
  • Taizhou NAIBO
  • ARM Sangyo
  • Koki Holding
  • Fuji
  • MARUYAMA MFG
  • Keyang
  • Reed Manufacturing
  • B. M. Tools Centre
  • Jepson Power Inc.
  • SNA Europe
  • Texas Curb Cut

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