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.

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?

Client's Success Stories

Industrial Manufacturing

Market Potential Assessment of the Electric & Battery Powered Demolition Tools

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 on the market...

Industrial Manufacturing

Technology Trends Analysis & Competitive Intelligence to Define Future Growth Strategy

Increased competition with low-cost labour countries has brought pressure on the industry to increase the rate of innovation. There is an increasing focus on the grit distribution patterns to improve tool performance and lower machining costs. The engagement included...

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