Quadintel published a recovery-based report for Global South Korea Power Tools and Accessories Market that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Get a complete report on South Korea Power Tools and Accessories Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
South Korea Power Tools and Accessories Market is valued approximately USD 1336.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.5 % over the forecast period 2021-2027.
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Power Tools and Accessories are used for the fitting purpose in the electric, engine-driven power, and pneumatic power devices. These tools include drills, screwdrivers, and router bits, abrasives wheels, saw blades, and chippers. The growing Automotive industry in South Korea has led the adoption of Power Tools and Accessories across the forecast period. For Instance: according to Statista in 2020, the automotive industry is expanding in South Korea. As per the source Hyundai produced approximately 1.6 million automobiles in 2020, an increase of 9.4% year over year. In terms of manufacturing volume, all South Korean automakers saw an increase over the previous year (2019). Whereas South Korea sold roughly 1.61 million vehicles in 2020, including passenger automobiles and commercial vehicles. Rising construction activities and smart cities projects enhances the market growth of power tools and accessories. Also, with the rapid urbanization, and major government initiatives towards the growth of the manufacturing units, the adoption & demand for Power Tools and Accessories is likely to increase the market growth during the forecast period. However, price fluctuations in the raw material impedes the growth of the market over the forecast period of 2021-2027.
The market growth of power tools and accessories in the geographical region of South Korea is expected to create beneficial hype owing to the factors such as rising automotive industries, increasing advancement and initiatives towards the electronics and construction industries, and increasing power tools innovations.
Major market player included in this report are:
Festool
METABO
Atlas Copco AB
Hilti Aktiengesellschaft
Husqvarna Group
Ingersoll-Rand Plc (Gardner Denver Holdings Inc.)
Klein Tools Inc.
Koki Holdings Co. Ltd. (KKR & Co. Inc.)
Makita Corporation
Robert Bosch GmbH
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Tools:
Drills
Impact drivers
Impact Wrenches
Screwdrivers and nutrunners
Others
By Accessories:
Drill Bits
Screwdriver Bits
Router Bits
Others
By Power Source:
Electric
Pneumatic
Others
By Mode of Operation:
Corded
Cordless
By Application:
Residential /DIY
Construction
Automotive
Others
By Region:
Asia Pacific
South Korea
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Table of content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
Some of the Key Questions Answered in this Report:
● What is the Market dimension at the regional and country-level?
● What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
● What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
● Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
● What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
● Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
● What targeted method and constraints are keeping the Market?
● What are the distinct sales, marketing, and distribution channels in the world industry?
● What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
● What are the key market tendencies impacting the increase of the Market?
● Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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