In-Depth Study on Global Pneumatic Tools Industry Reveals Expected Growth at a CAGR of 2.3% in the Next Five Years
Albany, New York, January 13, 2017: Market Research Hub (MRH) has recently announced the addition of a fresh report, titled “Global Pneumatic Tools Industry in-depth investigation and Analysis Report 2016” to its report offerings. The report covers the overall market of pneumatic tools and provides major information on the current state of the industry. It acts as a valuable source of guidance and direction for companies as well as those entities interested in this market. Key regions focused in the report include North America, China, Europe, India, Japan and Southeast Asia. Among these, in China, the average output growth rate of pneumatic tools is 5.8%.
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In the first overview section, topics such as definition, applications, classification, industry chain structure and 2016 status of the market in major regions are analyzed. Research analysts have estimated the CAGR of pneumatic tools industry is 2.3% until 2020. The mechanical equipment’s that use compressed air or gas to operate are called pneumatic tools. It is also known as air pressure tools, by which air is compressed by applying pressure to the gas. This pressure surges the density and lowers the volume. Compression also works to raise the temperature of the air.
The most common pneumatic tools include paint sprayers, nail guns, staple guns, drills, grinders, sanders, buffers and jackhammers among others. Currently, pneumatic tools are broadly applied in various constructions, manufacturing industry and automotive. Besides this, it is hastily becoming renowned as both affordable and vital to the home do-it-yourselfers (DIYers).
In the next section, factors such as environment analysis, price, cost and gross margin (during 2011-2016) are also analyzed. One of the benefits of pneumatic tools is that it can also be powered by compressed carbon dioxide. Since the pressure can be stored in small cylinders, pneumatic tools became easily portable. Another advantage of pneumatic tools is low-cost because the compressor for the production of positive kinetic energy uses less electricity than electric tools. Owing to their low initial cost and durability, pneumatic cylinders have found significant application in automation factory. Geographically, Pneumatic Tools industry of the United States, Europe, Japan, and China accounts for 68% of the global consumer market share. The report also studies that, the average growth rate of the market will escalate rapidly with 3% in the next 5 years.
Furthermore, the report also lists key players in the market under the major manufacturer analysis segment. In the end, the report has presented SWOT analysis and new project investment feasibility study to note the industry development trend and new firms entrance market strategy.
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