Latest news with #WesternRegion
Zawya
10-07-2025
- Automotive
- Zawya
Mohamed Yousuf Naghi Motors – Hyundai opens new Car Gate Service Center
Jeddah – Mohamed Yousuf Naghi Motors, the authorized distributor of Hyundai in the Western Region of Saudi Arabia, has officially opened a new car gate service center at Madinah Road in Jeddah. This opening marks a key milestone in the company's expansion strategy to enhance customer experience and strengthen its after-sales services. This new center is a strategic addition to Hyundai's growing service network and highlights the company's commitment to providing high-quality, accessible, and advanced maintenance services in modern and convenient locations. Senior executives from Mohamed Yousuf Naghi Motors attended the opening ceremony, along with a select group of media representatives and influencers. A media tour was conducted through the new facility, experiencing firsthand the advanced infrastructure, cutting-edge equipment, and streamlined service processes designed to deliver a premium and efficient maintenance experience. The Car Gate service center offers comprehensive services, including routine maintenance, full diagnostics, vehicle repairs, and customer care. All services are carried out using the latest technologies and tools by highly trained, certified technicians, ensuring top-quality service and customer satisfaction at every visit. Commenting on the occasion, Mr. Tamer Al-Hakim, Managing Director of Mohamed Yousuf Naghi Motors – Hyundai, stated: "The launch of the Car Gate Service Center reflects our continuous efforts to expand our footprint in the Saudi market and to make advanced maintenance solutions more accessible to our customers. We remain committed to growing our service network in ways that meet evolving customer expectations and build long-term trust." This new facility represents another step in Hyundai's vision to offer innovative and sustainable services that enhance the overall vehicle ownership and maintenance experience in the Kingdom. We invite all our valued customers and automotive enthusiasts to visit the new Car Gate Service Center on Madinah Road in Jeddah and experience elevated service and facilities. We look forward to welcoming you. For more information, you can contact: Andulkarim Ezmerli – PR Arabia
Yahoo
07-07-2025
- Business
- Yahoo
United States Power Tool Accessories Market Outlook Report 2025-2030: A $5 Billion Market by 2030, Growing at a 1.17% CAGR
The U.S. Power Tool Accessories Market, valued at USD 3.30 Billion in 2024, is projected to grow to USD 5 Billion by 2030, with a CAGR of 7.17%. This growth is driven by robust construction and infrastructure projects, particularly in the Western and Southern U.S. regions. Key projects like California High-Speed Rail and Bellevue's Spring District are spurring demand for power tools and accessories. The Midwest and South are emerging manufacturing hubs, benefiting from domestic production shifts and Industry 4.0 investments. Top market players include Stanley Black & Decker, Bosch, and Makita, leveraging strategic partnerships and innovative product lines. U.S. Power Tool Accessories Market Dublin, July 07, 2025 (GLOBE NEWSWIRE) -- The "U.S. Power Tool Accessories Market Research Report 2025-2030" report has been added to U.S. Power Tool Accessories Market was valued at USD 3.30 Billion in 2024, and is projected to reach USD 5 Billion by 2030, rising at a CAGR of 7.17%. KEY DRIVERS OF THE 2025 MARKET SURGE The western region of the U.S. experienced strong economic growth, leading to increased construction activity and a corresponding rise in demand for power tools and accessories. The region's demand for new homes and home remodeling stimulated growth in the power tool accessories market. California High-Speed Rail (CHSR) Overview: An ambitious USD 135 billion project aiming to connect major cities like Los Angeles and San Francisco with trains traveling up to 220 mph. The scale and complexity of this project have led to increased demand for power tools and accessories, particularly in the initial operating segments under construction. WB1200 (Seattle, Washington): Scheduled for completion in 2025, WB1200 is a twin skyscraper complex in Seattle's Denny Triangle neighborhood. The project includes 1,014 apartments and retail space, reflecting the city's ongoing urban development and the associated rise in construction activities. Spring District (Bellevue, Washington): The Spring District is a USD 2.3 billion mixed-use development in Bellevue, Washington. Set to be completed by 2028, the project encompasses residential, office, and retail spaces, significantly contributing to the region's construction landscape. The Foothill Gold Line project is extending the A-Line light rail through Los Angeles County. With Phase 2B1 expected to open in 2025, the project is enhancing regional connectivity and stimulating construction-related activities. The surge in the U.S. power tool accessories market in 2024 and the projected growth in 2025 can be attributed to a combination of large-scale infrastructure projects, particularly in the western region, and regulatory changes facilitating faster project approvals. These factors collectively contribute to increased construction activities, thereby driving the demand for power tools and accessories. MARKET TRENDS & DRIVERS Surging Prominence of United States ManufacturingThrough decades of technological leadership, access to critical resources, and early industrial maturity, the U.S. built a substantial advantage in precision manufacturing and industrial tooling. However, changing global economic dynamics, competitive manufacturing environments in Asia, and evolving domestic market demands have begun reshaping the U.S. power tool accessories market landscape. In response to tariff volatility on imports from China and Southeast Asia, especially during the U.S.-China trade war; several U.S.-based power tool accessory manufacturers have begun relocating production back to the United States or nearby countries in North and Southern U.S. states have emerged as preferred destinations due to available industrial infrastructure, government incentives, and proximity to core construction and automotive markets. Production relocation to Mexico and Canada is also gaining traction to mitigate tariff exposure and logistics bottlenecks while preserving North American supply chain integrity. Moreover, US firms are increasingly investing in Industry 4.0 technologies, including IoT-enabled machine tools, additive manufacturing, and AI-driven predictive maintenance systems, to enhance operational efficiency and precision in accessory South (Texas, Florida), Midwest (Ohio, Illinois), and West (California) continue to lead the demand for power tool accessories due to large-scale residential and commercial construction activity fueled by population growth, real estate development, and federal infrastructure investments. The Infrastructure Investment and Jobs Act (IIJA) has provided a significant boost to accessory demand, especially for industrial and commercial-grade power tool accessories needed in public works and energy in Initiatives in Manufacturer-led ProgramsLeading manufacturers like Bosch, Makita, and DeWalt are expanding professional training and certification programs in key states such as California, Texas, and Florida, where demand for skilled tradespeople and DIYers is strong. Programs like Bosch's Power Tools Academy focus on educating users about proper accessory use, safety, and efficiency, boosting user skills, brand loyalty, and accessory including Illinois, Ohio, and New York are seeing increased adoption of digital platforms by manufacturers like Stanley Black & Decker and Bosch. Heavy investment in e-commerce portals and online marketing improves accessibility to power tool accessories, with smart tools, tutorials, and promotions driving consumer engagement and sales, especially in densely populated areas. Moreover, in southern states like Georgia, North Carolina, and Alabama, manufacturers are introducing financial initiatives such as leasing, zero-percent financing, and trade-in programs to help contractors and dealers access premium accessories with less upfront cost. Companies like Husqvarna and Hilti support dealers with equipment loans, enabling contractors to upgrade regularly and boosting sales through ongoing accessory centers in states like California, New York, and Illinois have embraced manufacturer-led referral and loyalty programs to expand their customer base for power tool accessories. Brands such as Husqvarna have launched loyalty clubs that reward customers for referring friends and making repeat purchases, building a strong community of trusted users. These programs leverage word-of-mouth marketing and social proof to attract new customers while retaining existing ones. Coupled with heavy discount offers and promotional events, these incentives play a crucial role in urban areas where competition is high, and customer engagement through personalized rewards fosters brand loyalty and increases accessory sales.U.S. POWER TOOL ACCESSORIES MARKET COMPETITIVE LANDSCAPEThe U.S. power tool accessories market exhibits a moderately consolidated structure, with intensifying competition among global tool manufacturers, specialized accessory producers, and value-focused private-label brands. Market growth is being driven by expanding DIY culture, increasing residential remodeling activities, and heightened demand for high-performance, precision accessories across both professional contractors and consumer segments. Furthermore, leading brands including Stanley Black & Decker, Robert Bosch, Milwaukee Tool, and Makita U.S.A. continue to strengthen their positions in the U.S. power tool accessories market through product line expansions, battery platform integrations, and smart-enabled accessory innovations. These companies are actively leveraging multi-brand strategies, exclusive retail partnerships, and omnichannel distribution networks to widen their consumer the relatively low product differentiation in certain accessory categories - such as drill bits, saw blades, and sanding pads - has intensified pricing pressures and led to commoditization risks. Additionally, the growing influx of imported, lower-cost accessories from Asian manufacturers is contributing to price erosion and quality perception challenges in the mid-tier segment. Also, the commoditization risk is particularly pronounced in accessory types with minimal differentiation or brand loyalty, which has forced premium players such as Milwaukee, Bosch, and DeWalt to consistently innovate with features like impact-rated accessories, carbide-tipped blades, and precision-ground bits to justify premium pricing and preserve their professional customer brands in the U.S. power tool accessories market are increasingly integrating their accessory products within broader battery platforms and smart-enabled tool systems. For instance, DeWalt's ToughSystem 2.0 and Milwaukee's PACKOUT modular storage systems now feature custom insert trays and accessory bundles, enhancing convenience and cross-selling opportunities at both retail outlets and online stores. Furthermore, retail dynamics in the U.S. power tool accessories market are heavily influenced by exclusive retail partnerships and omnichannel sales strategies. Milwaukee Tool's exclusivity with Home Depot, Diablo's exclusivity with Home Depot, and Kobalt's exclusivity with Lowe's enable these brands to secure dedicated shelf space, promotional support, and consistent consumer exposure in targeted retail Company Profiles Stanley Black & Decker Robert Bosch Milwaukee Tool Makita U.S.A., Inc AIMCO Oregon Tool, Inc. Emerson Electric Co Ridgid SKIL Craftsman Snap-on Incorporated Other Prominent Company Profiles Diablo Tools Ryobi Dewalt Dremel Chicago Pneumatic Matco Tools Cornwell Quality Tools Senco Brands, Inc Paslode Chervon Holdings Limited FEIN Power Tools, Inc FERM Festool GmbH Dynabrade Inc Husqvarna Group Atlas Copco Ingersoll Rand Metabo Proxxon Worx Key Attributes: Report Attribute Details No. of Pages 139 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $3.3 Billion Forecasted Market Value (USD) by 2030 $5 Billion Compound Annual Growth Rate 7.1% Regions Covered United States Key Topics Covered: 1. Scope & Coverage Market Definition Inclusions Exclusions Market Estimation Caveats Market Size & Forecast Periods Historic Period: 2021-2023 Base Year: 2024 Forecast Period: 2025-2030 Market Size (2021-2030) Revenue Market Segments Market Segmentation by Operations Type Market Segmentation by Accessory Types Market Segmentation by End-users Market Segmentation by Industrial End-users Market Segmentation by Distribution Channel 2. Opportunity Pockets3. Introduction Key Drivers of the 2024 Market Surge Key Technological Shifts in the U.S. Power Tool Accessories Market Impact of the Ongoing Tariff War 4. Market Opportunities & Trends Surging Prominence of United States Manufacturing. Integration of Industry 4.0 & Smart Precision Manufacturing in the U.S. Rising Adoption of Eco-Friendly and Recycled Materials in Accessory Manufacturing Growing Emphasis on Safety and Compliance. 5. Market Growth Enablers Surge in Construction Activities Driving Accessory Demand in Key States. Increasing Demand from the Woodworking Industry Rise in Initiatives in Manufacturer-Led Programs Favorable Government Policies and Incentives. 6. Market Restraints Fluctuations in Raw Material Pricing Consumer Privacy Concerns in the U.S. Power Tool Accessories Market High Competition & Price Sensitivity in the Market Diversified and Versatile End-user Requirements 7. Market Landscape Five Forces Analysis 8. Operations Type Covered: (Market Size & Forecast: 2021-2030) Cutting Drilling Fastening Routing and Planning Others 9. Accessory Types Covered: (Market Size & Forecast: 2021-2030) Drill Bits Circular Saw Blades Batteries Screwdriver Bits Reciprocating Saw Blades Jigsaw Blades Band Saw Blades Abrasive Wheels Router Bits Others 10. End-users Covered: (Market Size & Forecast: 2021-2030) Industrial Commercial Residential 11. Industrial End-users Covered: (Market Size & Forecast: 2021-2030) Energy Construction Aerospace Automotive Electronics Shipbuilding Others 12. Distribution Channel Covered: (Market Size & Forecast: 2021-2030) Offline Online 13. Geography (Market Size & Forecast: 2021-2030) 14. Competitive Landscape Competitive Overview Key Developments 15. Key Company Profiles 16. Other Prominent Company Profiles 17. Report Summary Key Takeaways Strategic Recommendations For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment U.S. Power Tool Accessories Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
25-06-2025
- Automotive
- Zawya
Mohammad Yousuf Naghi Hyundai and Al Rajhi for Hajj Services announce strategic partnership
Jeddah – In a move that reflects their firm commitment to supporting the Hajj and Umrah ecosystem, Mohammad Yousuf Naghi Motors – Hyundai, the authorized Hyundai dealer in the Western Region of Saudi Arabia, has announced the signing of a strategic cooperation agreement with Al Rajhi Company for Hajj Logistics Services, one of the leading companies specializing in logistics services for the Hajj season. Under this partnership, Hyundai Naghi will provide a number of new Hyundai vehicles to the Hospitality Team 131, with the goal of supporting the transportation of pilgrims during the 1446 AH Hajj season and enhancing the efficiency and quality of transport services offered to the Guests of God. This initiative aims to empower Al Rajhi's success partners to perform their duties with the utmost efficiency and ease, by supplying reliable, high-quality vehicles backed by round-the-clock technical and logistical support provided by Naghi's specialized teams. Commenting on the launch, Mr. Tamer Al-Hakim, the Executive Director of Mohamed Yousuf Naghi Motors, stated: 'We are proud to be part of the system serving the Guests of God. This partnership is an important step toward supporting Hajj operations by offering integrated and safe transportation solutions that align with the Kingdom's vision to enhance the pilgrim experience, in line with the goals of Saudi Vision 2030.' This partnership embodies the shared commitment of both parties to elevate the quality of services provided to pilgrims. It also highlights the vital role of the private sector in supporting national initiatives aimed at facilitating the performance of religious rituals and delivering an exceptional experience to the Guests of God. For more information, you can contact: Andulkarim Ezmerli – PR Arabia
Al Bawaba
16-06-2025
- Politics
- Al Bawaba
Israeli strike causes damage at Iranian hospital
Published June 16th, 2025 - 10:04 GMT ALBAWABA - local media in Iran revealed that an Israeli strike on Monday damaged a hospital in the country's western region. Also Read Video: Iranian secret agents catch Mossad van filled with drones Iranian media said that Farabi Hospital was damaged in an attack by Israeli air forces. "Following the Zionist criminal regime's attack on a nearby workshop in Kermanshah city, Farabi Hospital also suffered serious damage," the Tasnim news agency revealed. — Lord Bebo (@MyLordBebo) June 16, 2025 Moreover, a video showing the aftermath of the Israeli account was released by Fars news agency, showing shattered glass, collapsed ceilings, and huge damage in rooms. © 2000 - 2025 Al Bawaba (
South China Morning Post
10-06-2025
- Politics
- South China Morning Post
Iran executes 9 Islamic State group militants linked to 2018 attack on Revolutionary Guards
Iran said on Tuesday it executed nine militants of Islamic State group detained after a 2018 attack. The Iranian judiciary's Mizan news agency announced the executions on Tuesday, saying that the death sentences had been upheld by the country's top court. It described the militants as being detained after they were in a clash in the country's western region with Iran's paramilitary Revolutionary Guard, in which three troops and several Islamic State group fighters were killed. Authorities said they had seized a cache of combat weapons, including a machine gun and 50 grenades, after surrounding the militants' hideout in the country's west. Iran carries out executions by hanging. The extremist group, which once held vast territory across Iraq and Syria in a self-described caliphate it declared in 2014, ultimately was beaten back by US-led forces. It has since been in disarray, though it has mounted major assaults. In Iran's neighbour Afghanistan, for instance, Islamic State is believed to have grown in strength since the fall of the Western-backed government there to the Taliban in 2021. The group previously claimed a June 2017 attack in Tehran on parliament and a mausoleum of Ayatollah Ruhollah Khomeini that killed at least 18 people and wounded more than 50. It has claimed other attacks in Iran, including two suicide bombings in 2024 targeting a commemoration for an Iranian general slain in a 2020 US drone strike. That assault killed at least 94 people.
