Sustainability in Power Tools
A global power tool manufacturer requested to enhance sustainability by exploring climate neutrality, recyclability, and packaging innovations. The study identified measures for sustainable power tools, assessed market opportunities, and examined trends in new business models. This gave insights into recent advancements, competitor activities, and potential collaborators, helping refine R&D strategy and select effective sustainability measures.
Client Background:
The client is a global manufacturer of power tools.
Engagement Objective:
This technology research aimed to assess and explore the complete sustainability of power tools with a specific focus on climate neutrality, innovation, recyclability, packaging, new business models, etc., for power tools, further identifying new market opportunities and technology trends in the domain.
The key points addressed as a part of this engagement were:
- Identification of various measures for achieving sustainability in power tools
- Market size for cordless power tools and recyclable components of power tools
- Innovations and goals for sustainability
- Mitigation and adaption strategies for climate neutrality
- Innovations in packaging and new business strategies
Client Impact:
The study helped to create awareness of the most recent advancements in power tools for achieving sustainability. The results supported the client in setting up their R&D strategies by better understanding sustainable power tools’ associated technologies.
Focusing on recyclability, innovations, packaging, new business models, and climate neutrality helped the client access the amount of involvement by end-users and who are the key players and partners to collaborate with. Further, it allowed the client to select the best possible measure for sustainability in the power tool industry.
The study’s bibliographic and technical trends and product search summary provided a vision of their competitor’s recent activity and the most innovative technologies explored by other companies.
