Global Powder Actuated Tools Market 2023

Global Powder Actuated Tools Market 2023

Powder-actuated tools, also known as explosive-actuated tools or cartridge tools, are handheld devices used in construction and industrial settings to drive fasteners into hard materials like concrete, steel, and masonry. These tools use the controlled explosion of a powder-actuated cartridge to propel a fastener, such as a nail or pin, into the material.

According to the latest estimates, the global powder actuated tools market is set to achieve an incremental growth of USD 105.1 million, accelerating at a CAGR of almost 2.68% during the forecast period 2023-2029. Powder-actuated tools are widely used in the construction industry for tasks such as fastening metal track to concrete, attaching wood framing to concrete or steel, and securing electrical boxes and conduit. The construction industry's growth and demand for efficient and reliable fastening solutions drive the market for these tools.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global powder actuated tools market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Type: automatic, manual, semi-automatic
End user: construction, manufacturing
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, end user, and region. The global market for powder actuated tools can be segmented by type: automatic, manual, semi-automatic. The automatic segment was the largest contributor to the global powder actuated tools market in 2022. Powder actuated tools market is further segmented by end user: construction, manufacturing. According to the research, the construction segment had the largest share in the global powder actuated tools market. Based on region, the powder actuated tools market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. North America held the largest revenue share in 2022.

Major Companies and Competitive Landscape
The report also provides analysis of the key companies of the industry and their detailed company profiles including Hilti Corporation, Hsin Ho Mfg. Co., Ltd., Illinois Tool Works Inc., PREGUN INDUSTRIAL CO., LTD., Simpson Strong-Tie Company Inc., Stanley Black & Decker, Inc., Superfix (Singapore) Pte Ltd, Walter Maschinenbau GmbH, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global powder actuated tools market.
To classify and forecast the global powder actuated tools market based on type, end user, region.
To identify drivers and challenges for the global powder actuated tools market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global powder actuated tools market.
To identify and analyze the profile of leading players operating in the global powder actuated tools market.

Why Choose This Report
Gain a reliable outlook of the global powder actuated tools market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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