AFRICA POWER TOOLS MARKET ANALYSIS

Africa Power Tools Market, By Category (Power Tools, Hand Tools), By Mode of Operation (Electric, Pneumatic and Others), By End-Use Sector (Industrial and Household), By Country (Africa and GCC) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Key Developments

Major companies in the market are focused on joint venture, in order to enhance the market presence. For instance, in May 2017, SKF with Honeywell Process Solutions launched a joint pilot venture to create digital standard for enhanced machine efficiency, competitiveness, and reliability for industrial customers.
Key players in the market are involved in mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in April 2019, Snap-on Incorporated, a U.S.-based designer of high-end power tools, acquired Power Hawk Technologies Inc. for US$ 8 million in cash.