Favorable features such as the low cost and durability of woodworking tools boost the growth of the global woodworking tools market. An increase in the sale of woodworking tools to professionals and individuals for new construction and maintenance in the automotive, construction, and oil & gas industries will create new growth avenues for the global market. Based on region, the Asia-Pacific contributed towards the highest market share in 2021.
Portland, OR, Aug. 09, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global woodworking tools market garnered revenue worth $8.95 billion in 2021, and is predicted to hit $13.30 billion by 2031, registering a CAGR of 3.9% from 2022 to 2031. The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key investment business scenarios, regional space, and competitive space. The study is a key information source for giant players, entrepreneurs, shareholders, and owners in generating new strategies for the future and taking steps to enhance their market position. The report displays an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly evolving industry.
No. of Pages in Report
Type, Distribution Channel, Operation, End User, and Region
Favorable features such as low cost and durability of woodworking tools.
Launching of woodworking tools with insulated layers that protect users from electric shocks along with providing handle grips.
Thriving residential construction activities in Brazil, China, and India have resulted in massive demand for woodworking tools such as cable cutters, hammers, and screwdrivers.
Increase in sale of woodworking tools to professionals and individuals for new construction and maintenance in automotive, construction, and oil & gas industries.
Growing popularity of cordless power tools as the substitute for woodworking tools.
Download Sample PDF (222 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/17401
The COVID-19 pandemic severely impacted the expansion of the global woodworking tools market, owing to reduction in the production activities of equipment that is utilized for manufacturing woodworking tools.
Halting of logistics services led to a reduction in the sale of woodworking tools during the COVID-19 pandemic, and this seriously affected the global market expansion.
The report offers detailed segmentation of the global woodworking tools market based on the type, distribution channel, operation, end user, and region. It provides an in-depth analysis of every segment and sub-segment in tables and figures, through which, consumers can derive a conclusion about market trends and insights. The market report analysis aids organizations, investors, and entrepreneurs in understanding which sub-segments are to be tapped for achieving huge growth in the years ahead.
Get detailed COVID-19 impact analysis on the Woodworking Tools Market Request Here
Based on the distribution channel, the offline segment contributed the largest market share in 2021, accounting for nearly three-fourths of the overall share of the global woodworking tools market. Moreover, this segment is predicted to retain its leading position during the forecast timespan. However, the online segment is set to record the fastest CAGR of nearly 5.9% from 2022 to 2031.
Based on operation, the powered segment held the largest share in 2021, contributing more than half of the overall share of the global woodworking tools market. Moreover, this segment is predicted to account for the highest market share by 2031. In addition, the powered segment is also anticipated to record the highest growth with a CAGR of nearly 4.6% during the forecast timeline. The report also provides an overall analysis of segments such as the manual.
Based on the end user, the professional segment held the largest share in 2021, contributing more than two-thirds of the overall share of the global woodworking tools market. Moreover, this segment is set to retain its domination during the forecast timeframe. However, the DIY segment is projected to register the highest CAGR of nearly 4.8% from 2022 to 2031.
Based on region, the Asia-Pacific contributed towards the highest market share in 2021, accounting for nearly two-fifths of the global woodworking tools market. Moreover, the Asia-Pacific is predicted to contribute majorly toward the global market share in 2031. However, the LAMEA woodworking tools market is also anticipated to register the highest CAGR of 6.4% during the forecast period. The research also analyzes regions including Europe and North America. Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/17401 Players:
Leading players in the global woodworking tools market analyzed in the research include ARAS Corporation, AVEFLOR, Con-Tech International, Siemens AG, Custom Manufacturing Corporation, Custom Mfg. Corp., Promega Corporation, Dassault Systems, DB Custom Manufacturing, Parametric Technology Corporation Inc., Monroe Engineering Products, DM&E, Hexagon AB, MetalTek, Micro-Mechanics, and Thomas Swan.
The report evaluates these major participants in the global woodworking tools industry. These participants have executed a slew of key business strategies such as the expansion of regional and customer base, product development, strategic collaborations, and joint ventures for expanding product widths in the global markets. The market research report supports the performance monitoring of each segment, positioning of each product in respective segments, and the impact of new technology and product launches on the overall market size.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports: Hand and Power Tools Market - Global Opportunity Analysis and Industry Forecast, 2022-2029 Power Drills Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
Auger Drilling Market: Global Opportunity Analysis and Industry Forecast, 2022-2029 Pneumatic Hammers Market - Global Opportunity Analysis and Industry Forecast, 2021-2030
Street Furniture Market - Global Opportunity Analysis and Industry Forecast, 2021–2028 About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on | Facebook | Twitter | LinkedIn
Follow Buffett’s lead. And collect big dividends too.
‘Rich Dad Poor Dad’ sees a window to get rich. He might be right.
(Bloomberg) -- Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesEurope’s Energy Crisis Deepens After Russia Keeps Pipeline ShutUK Slips Behind India to Become World’s Sixth Biggest EconomyApple’s Car Is Beloved Before It Even ExistsStocks
Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low.
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently be
Five years after Amazon announced that it would buy supermarket chain Whole Foods for $13.7 billion, a big new change has just taken place -- on September 1, incoming chief executive Jason Buechel is taking over for John Mackey. "As a co-founder of Whole Foods, I've often explained my relationship to the company with a parent-child metaphor," Buechel wrote in a letter announcing his retirement to Whole Foods Staff in September 2021. The transition took nearly a year and, now, former Chief Operating Officer Jason Buechel is stepping in to lead the high-end supermarket chain.
Investors initially cheered the payrolls report, but then the market sold off on fears of big rate hikes. Is it time to worry about quantitative tightening?
Chinese stocks have come under pressure for various reasons over the past year and a half or so; a slowing economy has been one cause while domestic tussles with the regulators haven’t helped either, particularly for those in the tech sector. Another element keeping sentiment low and impacting performance has been the fear of de-listing for U.S.-listed Chinese stocks. This is on account of Chinese companies not meeting U.S. auditing standards. But the prospects of de-listing might be less likely
In this article, we will discuss some of the best stocks to buy according to Dave Smith, Chief Investment Officer at investment management company Rockland Trust. If you want to explore similar stocks, you can also look at Long-Term Analyst: Buy These 5 Stocks. David Smith has been in the financial services industry for over […]
Shat should investors do now if they are considering making a bet on the infamously volatile sector.
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.
(Bloomberg) -- Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control, said Sonal Desai, chief investment officer for fixed income at Franklin Templeton Cos. Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesEurope’s Energy Crisis Deepens After Russia Keeps Pipeline ShutUK Slips Behind India to Become World’s Sixth Biggest EconomyA
In this article we are going to share the list of hedge funds’ 10 best media and entertainment stocks to buy. You can skip our discussion and see the 5 Best Media Stocks To Buy here. Media and entertainment stocks have been hammered this year and this may be a good time to dip our […]
The S&P 500 broke below 4,000 this week, for the first time since the end of July. It has investors wondering: Does this mark the low point of a roller coaster ride? Stocks rose all last year, fell from January to June, rallied from July to mid-August, and now are falling again. According to Wells Fargo strategist Paul Christopher, it’s evidence that the stock rally is sputtering to a halt. Christopher writes that “Cracks in financial market liquidity are appearing,” and says of the S&P 500, “3,
Electric vehicle (EV) charging network company ChargePoint Holdings (NYSE: CHPT) gave investors a mixed fiscal 2023 second-quarter earnings report earlier this week. ChargePoint exceeded the high end of its prior guidance for revenue. The company had told investors to expect revenue of between $96 million and $106 million for the period, and it achieved $108.3 million in sales.
Ready to go bottom fishing again? Any good angler can tell you that there’s plenty of good eating just waiting at the bottom of the creek, or the pond, or the lake. The same concept also holds for stocks – investors can always find some quality equities down at the market bottoms. Stocks get down there for a multitude of reasons, and the reasons aren’t always related to any fundamental flaw in the company or its share trading policies. Sometimes, it’s some idiosyncratic business move, or over-re
(Bloomberg) -- Investors bracing for a recession jolt accelerated their retreat from stocks after the Federal Reserve warned it won’t be easily deterred in its fight against inflation, Bank of America Corp. strategists say.Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesGazprom Won’t Reopen Gas Pipeline in Energy Shock to EuropeStocks Suffer Third Weekly Loss on Rate-Hike Woes: Markets WrapLukoil Chairman Ravil Maganov Dies After Falling From Hospital WindowGloba
In this article, we will take a look at the 10 tech stocks recently downgraded by analysts. If you want to see some other tech stocks receiving updated recommendations from analysts, go directly to Analysts are Downgrading These 5 Tech Stocks. Notable stocks from the tech sector, including HP Inc. (NYSE:HPQ), NVIDIA Corporation (NASDAQ:NVDA) and […]
While more than three in 10 U.S. retirees say they would be motivated to rejoin the workforce if inflation continued to eat into their savings, 43% of retirees see their age as a barrier to getting a new job. According to an American Staffing Association survey, the fear of ageism poses a barrier to retirees contemplating un-retirement. Overall, 14% of current retirees said they are open to or actively looking for work.
Tough times are coming. But maybe not for investors.