Future Market Insights has announced the addition of the “Compact Power Equipment Rental Market: Industry Analysis and Opportunity Assessment 2014-2020" report to their offering.

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Global Compact Power
Equipment Rental Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014-2020
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3. Compact power equipment includes all tools required for lighter construction jobs. The
equipment is small in size and used in developing products with more ease and
convenience. These compact power tools are of several types, such as engine-driven
power tools, electric power tools and pneumatic power tools. They are used for various
operations, such as drilling, polishing, woodwork routing and screw driving.
Compact tools are primarily used for construction related jobs. These tools are used at
construction sites for activities like drilling, hammering, cutting, grinding, washing and
blowing of the equipment’s. Compact power tools are light-weighted, small in size, easy
to handle and transport. However, they are more complex to handle than the commonly
used hand tools, requires skilled labour, and regular maintenance to avoid tool wear.
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Global compact power tools rental market is expected to grow at a steady rate, as the
demand for power tools are on the rise in developing countries. Drivers responsible for
the growth of power tools rental market include an increasing demand for fast
accomplishment of projects and increasing infrastructural development activities at
developing regions like Asia, where construction companies rent the tools from power
tool companies as they cannot afford to invest in power equipment. The challenges
ahead include continuous maintenance and high cost of equipment. Many a time, clients
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4. who borrow equipment from companies, damage the tools, which is also a major concern
for the power tool rental market.
Segmentation of compact power tools market is done on the basis of types and
geography. Compact tools are of various types like electric power tools, engine-driven
power tools and pneumatic power tools. Wherein electric power tool includes cordless
tools, drilling & demolition, screw-fastening tools, direct fastening tools,
cutting/sawing/grinding tools, dust extractors, glue and heat guns, high pressure washers
and blowers . Key geographic segments for compact power tools market include North
America, Latin America, Asia-Pacific and EMEA (Europe, the Middle East & Africa) region.
Asia-Pacific is the most prominent region for compact power tools companies owing to
increasing construction and infrastructural development activities in countries like India,
Japan and China.
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Key trends in compact power tools market are an increasing competition from Chinese
manufacturers as Chinese vendors are penetrating this market with their tools with
competitive prices as compared to other vendors.
•Of the many players in the compact power tools market, Makita Corporation, Bosch,
Stanley Black & Decker and Techtronic Industries are the dominant leaders. Other
important players include Hilti Group, Panasonic Corporation, Emerson Electric Company,
Snap-on Inc., etc. Mergers & acquisitions of key players provide opportunity to expand
their product portfolio. In North America, Bosch acquired SPX Corporation’s Service
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5. Solution business which manufactures, develops and sells service equipment and repairs
workshop accessories. In Europe, Techtronic Industries acquired Ryobi’s power tools
business and Royal Appliance Manufacturing Company, a market leader in North America
which develops, markets and assembles cleaning appliances such as vacuum cleaners for
domestic as well as commercial use. Emerson Electronics decided to focus on acquisitions
and divestitures in order to increase investment in technology and also have a strong
focus to acquire the market in developing countries. This is also because of decreasing
demands of their products in Europe and market saturation in the U.S. and China.
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market
The future of compact power equipment is very attractive due to an ever-increasing
demand for compact power tools. Due to saturation of developed markets like Europe,
the U.S. and China, players in this market are now moving their focus towards developing
or emerging nations.
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