Research and analysis of Electric shears: The global market for electric shears is expected to grow significantly in the coming years, driven by the increasing demand for efficient cutting tools in various industries.
Published Date: Tuesday,28 Mar,2023
The global market for electric shears is expected to grow significantly in the coming years, driven by the increasing demand for efficient cutting tools in various industries. According to a recent report by GlobaI Info Research, the global electric shear market size was valued at USD 422.6 million in 2020 and is projected to reach USD 509.1 million by 2028, growing at a CAGR of 2.5% during the forecast period.
Some of the major players in the global electric shear market include Stanley Black & Decker, Inc., Milwaukee Electric Tool Corporation, WORX, Bosch Power Tools, Hitachi Koki USA, Ltd., DEWALT, TTI, Inc., Techtronic Industries, and others. These companies are focusing on expanding their product portfolios, investing in R&D activities, and adopting various growth strategies to strengthen their market position.
Electric shears are available in various types, including corded electric shears, cordless electric shears, and pneumatic shears. In terms of application areas, electric shears are used in various industries such as construction, metalworking, textiles, and automotive.
The development of electric shears is focused on increasing efficiency, durability, and user-friendliness while reducing noise, vibration, and maintenance requirements. The latest trend in the market is the development of cordless electric shears, which offer greater mobility and flexibility for users. Additionally, the use of advanced materials and technologies such as carbon fiber and lithium-ion batteries is expected to drive the growth of the market. The increasing adoption of Industry 4.0 and smart manufacturing is also expected to create lucrative opportunities for electric shear manufacturers.
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More information:
Global Electric Shears Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030
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