Market Overview:
The global electric tool switch market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric tools across various applications, such as saws, drills, hammers, and others. Additionally, the growing demand for speed switches, trigger switches, micro switches and other types of electric tool switches is also contributing to the growth of this market. Regionally speaking, North America dominates the global electric tool switch market followed by Europe and Asia Pacific.
Product Definition:
An electric tool switch is a device used to turn an electric tool on or off. They are often found on power tools, but can also be found in other applications. Electric tool switches are important because they allow the user to safely and easily control the power going to the tool.
Speed Switches:
The global speed switches, also known as pulse or toggle switches, are a group of electrical components that are used to alter the operating state of an electric tool. The two most commonly used types of speed switches include momentary and permanent.
Trigger Switches:
A trigger switch is a type of electrical switches used to initiate an action. They are widely used in power tools, electric vehicles, and other automation devices. The market for trigger switches is driven by the growing demand for power tools across various industry verticals such as construction & manufacturing and automotive among others.
Electric tool manufacturers use several types of sensors to measure different parameters such as temperature, pressure, position or motion etc.
Application Insights:
The saws segment dominated the global electric tool switch market in 2017. This is attributed to the high demand for woodworking and construction products across various regions, including Asia Pacific, North America and Europe. The growing demand for steel structures in buildings across various regions is also expected to have a positive impact on product growth over the forecast period.
The drills segment is anticipated to witness significant growth over the forecast period owing to increasing use of electric power tools in drilling operations across several industries, including construction and automotive. In addition, growing urbanization projects such as ¢â‚¬Å“Nagarhole¢â‚¬ near Bangalore has led to an increase in drilling activities which will further propel industry expansion over the next few years.
In terms of revenue, hammering tools accounted for 20% share of total market volume in 2017 due to rising use of these products during carpentry operations at home or work sites around the globe.
Regional Analysis:
Asia Pacific dominated the global electric tool switch market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, which makes it an attractive regional market for electric tool switches. China, Japan, and South Korea are among the largest markets in this region. Rapid industrialization coupled with increasing disposable income levels is anticipated to drive product demand across emerging economies such as India and Indonesia over the next eight years.
The North American regional market captured a revenue share of more than 20% in 2017 owing to high product adoption across various applications such as construction, automotive repair shops along with other service industries that deal with heavy machinery maintenance activities on a regular basis. The U.S., being one of the most developed countries globally has been witnessing steady growth in terms of technological advancements since last few decades; hence it also contributes significantly towards industry growth through innovation & development efforts by key companies operating within this region including Spintronix Inc.; Emerson Electric Co.
Growth Factors:
- Increasing demand for electric tools from the construction and automotive industries
- Rising popularity of DIY projects and home improvement initiatives
- Growing awareness about the benefits of using electric tools over traditional tools
- Proliferation of online platforms that offer discounts on electric tool purchases
- Advances in technology that have led to the development of more powerful and efficient electric tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Tool Switch Market Research Report
By Type
Speed Switches, Trigger Switches, Micro Switches, Others
By Application
Saws, Drills, Hammers, Others
By Companies
Defond, Marquardt Gruppe, Bremas, CPX Switch, Superior Electric, Tyco Electronics, Weida, Kedu Electric, TACLEX, ALONG, Baokezhen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Electric Tool Switch Market Report Segments:
The global Electric Tool Switch market is segmented on the basis of:
Types
Speed Switches, Trigger Switches, Micro Switches, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Saws, Drills, Hammers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Defond
- Marquardt Gruppe
- Bremas
- CPX Switch
- Superior Electric
- Tyco Electronics
- Weida
- Kedu Electric
- TACLEX
- ALONG
- Baokezhen
Highlights of The Electric Tool Switch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Speed Switches
- Trigger Switches
- Micro Switches
- Others
- By Application:
- Saws
- Drills
- Hammers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Tool Switch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric tool switch is a device that allows you to change the function of an electric tool by using a button or lever.
Some of the major companies in the electric tool switch market are Defond, Marquardt Gruppe, Bremas, CPX Switch, Superior Electric, Tyco Electronics, Weida, Kedu Electric, TACLEX, ALONG, Baokezhen.
The electric tool switch market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Tool Switch Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Tool Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Tool Switch Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Tool Switch Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Tool Switch Market Size & Forecast, 2020-2028
4.5.1 Electric Tool Switch Market Size and Y-o-Y Growth
4.5.2 Electric Tool Switch Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Speed Switches
5.2.2 Trigger Switches
5.2.3 Micro Switches
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Saws
6.2.2 Drills
6.2.3 Hammers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Tool Switch Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Tool Switch Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Speed Switches
9.6.2 Trigger Switches
9.6.3 Micro Switches
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Saws
9.10.2 Drills
9.10.3 Hammers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Speed Switches
10.6.2 Trigger Switches
10.6.3 Micro Switches
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Saws
10.10.2 Drills
10.10.3 Hammers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Speed Switches
11.6.2 Trigger Switches
11.6.3 Micro Switches
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Saws
11.10.2 Drills
11.10.3 Hammers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Speed Switches
12.6.2 Trigger Switches
12.6.3 Micro Switches
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Saws
12.10.2 Drills
12.10.3 Hammers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Speed Switches
13.6.2 Trigger Switches
13.6.3 Micro Switches
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Saws
13.10.2 Drills
13.10.3 Hammers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Tool Switch Market: Competitive Dashboard
14.2 Global Electric Tool Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Defond
14.3.2 Marquardt Gruppe
14.3.3 Bremas
14.3.4 CPX Switch
14.3.5 Superior Electric
14.3.6 Tyco Electronics
14.3.7 Weida
14.3.8 Kedu Electric
14.3.9 TACLEX
14.3.10 ALONG
14.3.11 Baokezhen
