Power Tools

Cordless. Connected.

The Power Tools industry has come a long way in terms of technological innovations. Industry-leading players are working constantly on everything from new battery technology for making tools cordless, adding sensors and connectivity options to integrate IoT technology, developing advanced electronics, identifying innovative tool uses, and any other areas they can enhance the utility of the tools. The other two essential innovation areas in this segment include improving ergonomics and developing sustainable products.

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Strategic Growth Fields

A convergence of industry transformations and exponential technologies creates a pool of opportunities

Robotics & Automation

RaaS
Co-Bots
Automation architecture

As-a-Services Models

Equipment-as-a-service
Product as-a-service
Results as-a-service

Industry X.0 & Digitalization

Virtualization
Advanced sensors and communication
Digital OEE

Lean

Operations improvement
Strategic sourcing
Value stream mapping

Exponential Digital Technologies

Artificial Intelligence 85% 85%

Immersive Technologies 94% 94%

Cloud 87% 87%

Cybersecurity 92% 92%

Autonomous Vehicles 85% 85%

Business Objectives

Some examples of diverse business objectives we have worked with our clients

Strategy & Futures

What is the future of the smart tools market, and what would be the adoption rate of virtual reality training in the next five years?
What can be our short, mid, and long-term strategies for connected power tools to improve productivity for our customers?
What are the emerging opportunities that we can foresee for connected power tools?

Research Development & Innovations

How the evolving battery technology may impact the power tool market and its ecosystem?
What are the future R&D plans of our competitors with respect to the specific product categories in the market?
What are the emerging technologies in the power tools industry?

Growth & Market Development

What are the connected product offerings by key competitors?
What are the future developments expected from competitors in connected tools?
What is the customer’s needs today concerning the cordless power tools?
What are the new business models emerging in the Power Tools industry, such as equipment-as-a-service?

Manufacturing, Production & Logistics

Which are the best low-cost sourcing destination for procurement of parts and components used in our equipment?
How can the concept of modularity and part reuse be applied in product development and eventually in the production of power tools?

Perspectives

Industrial Manufacturing

Market Potential Assessment of the Electric and Battery Powered Demolition Tools

Article 01 Sep 2021 3 Min Read 3375 Views

Quick overview The demand for Electric & Battery Powered Demolition Tools is expected to witness a spurt due to the construction activity globally. The post-pandemic market correction is providing a further boost. The engagement was focused on providing insights...

Factory of the Future – Roadmap and Actions

Webinars 02 Feb 2023 1 Min Read 2327 Views

This webinar provides an in-depth analysis of successful and productive technological developments and solutions adopted in factories across industries, particularly those that deviate from the usual automation practices. We will summarize the state of technology in...

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