Power tools market expands to $27.11 billion
According to HNY Research, the power tools market is set to reach US $35.64 billion by 2023. The size of the market reached US $27.11 billion in 2017, and the sector will see an estimated CAGR (compound annual growth rate) of 4.66% over the next five years. HNY Research’s report puts the predicted expansion down […]
Hitachi Nailers win iF Design Awards
Hitachi Power Tools has been awarded two iF design awards for its First Fix and Framing Nailers Li-ion battery cordless nailers, for which users do not need an air hose, or fuel gas cartridges. The 2018 iF award is the 11th award for the company in six consecutive years. Unlike traditional framing nailers that use […]
Kyocera plans to grab greater share of power tool market following RYOBI acquisition
Kyocera’s acquisition of RYOBI power tools has now been completed, paving the way for the brand to diversify and further expand its industrial tool business. Completing the buy out announced in October, the acquisition sees Kyocera acquire 80% of shares in Kyocera Industrial Tools Corporation, an enterprise established from the company split of Ryobi Limited’s […]
Serafin Group acquires German drill manufacturer KEIL
The Serafin Group has taken over drill manufacturer KEIL in Engelskirchen, expanding its presence in the market for quality tools. Both parties have agreed to keep the purchase price under wraps. KEIL is an established, medium-sized manufacturer of quality drilling tools for professional applications. For more than 50 years the company has been a tool industry […]