Power Tools Market

Global Power Tools Market Size, Trends & Analysis - Forecasts to 2028 By Product (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools, and Others), By Mode of Operation (Electric, Pneumatic, and Others), By Application (Industrial/Professional and Residential/DIY), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on April 8 2024 with the latest and most recent market numbers

Global Power Tools Market Size

The global power tools market is projected to grow at a CAGR of 9.3% from 2023 to 2028.

Power tools are motorized tools that are intended to simplify, expedite, and improve the effectiveness of jobs. To supply the required power for operation, they are fitted with an electric motor, pneumatic system, or other power sources. Many sectors, including construction, carpentry, metallurgy, gardening, and do-it-yourself tasks, employ power tools. These tools are equipped to handle a variety of jobs, including drilling, sawing, cutting, grinding, sanding, polishing, fastening, and more. This versatility increases productivity and eliminates the need for many manual tools by enabling users to handle a range of tasks with a single tool or a set of interchangeable attachments. Users can complete jobs with less physical effort and in less time due to their usual greater power and speed compared to manual equipment. Power tools often include ergonomic handles, simple controls, and practical features that make them user-friendly. They are easier to handle and lighter than manual tools, which lessens user fatigue and makes them available to a larger spectrum of users.

The increasing demand for automation and efficiency in various industries, the growing construction industry in emerging economies, and the rising popularity of Do-It-Yourself (DIY) projects are expected to support the growth of the market during the forecast period. Moreover, the surging demand for electric fastening tools in industrial sectors, technological advancements, and the growing demand for flexible, mobile, and compact tools are propelling the growth of the market.

Power tool producers have an opportunity to create and market electric and battery-powered instruments as sustainability and environmental issues gain attention. Longer run hours, quicker charging, and less environmental effects are now possible due to developments in battery technology. Moreover, specialized tasks and specific requirements vary in each industry. Creating power tools specifically for sectors like automotive, aerospace, woodworking, or metalworking might offer opportunities for market uniqueness and focused solutions. However, fluctuations in raw material prices and the high costs of maintenance for power tools are hampering the growth of the market.

The demand for tools among homeowners has grown due to an increase in DIY projects. Because they are portable and simple to use, power tools are becoming more used in residential applications. The restart protection in angle grinders and rotation control in rotary drills are two examples of the particular protective features Bosch offers on its power tools. These characteristics increase the usage of power tools in domestic applications and lower the risk of product-related injuries. Companies are providing goods with improved safety features to meet the needs of customers who are not qualified experts.

The development of many linked and smart tools was sparked by the improvement of smart connected systems and the expansion of Internet of Things (IoT) technologies in the management of collecting lines. Therefore, the leading power tool makers are putting all of their efforts into making connected and smart power tools, which are projected to generate a significant amount of growth prospects for the market in the near future. For instance, the ONE-KEY, a digital platform for tools and equipment, was introduced by Milwaukee Tool Corporation, a brand of Techtronic Industries. Users will be able to change the torque and speed for a variety of applications by using this cloud-based platform.

global power tools market

Global Power Tools Market: By Product

The drilling and fastening tools segment is expected to hold the largest share of the market. Many different types of businesses and activities use drilling and fastening tools. These tools are necessary for jobs like putting together furniture, installing fixtures, fastening structural components, and even in electrical and plumbing work, which range from residential and commercial buildings to industrial production. The wide range of uses helps to drive up demand for drilling and fastening tools.

The material removal tools segment is expected to be the fastest-growing segment in the market from 2023-2028. Material removal tools are often used for maintenance, repair, and refurbishment activities. Repairing or replacing outdated parts is becoming more and more necessary as industries and infrastructure deteriorate. For operations like surface cleaning, rust removal, and precision machining throughout these procedures, material removal tools are essential.

Global Power Tools Market: By Mode of Operation

The electric segment is anticipated to be the fastest-growing segment and also holds the largest share of the market. Compared to their pneumatic equivalents, electric power tools, especially cordless variants, provide more convenience and mobility. They don't require a constant air source or bulky airlines to be utilized in a variety of settings. Electric power tools are very well-liked by both experts and do-it-yourselves due to their ease.

Moreover, increasing environmental awareness and regulations have led to a greater emphasis on reducing emissions and minimizing the environmental impact of tools and equipment. Compared to power tools that rely on internal combustion engines or compressed air, electric power tools are more ecologically friendly since they emit no direct emissions while in operation. The demand for electric power tools has increased as sustainability becomes more important to many consumers and sectors.

Global Power Tools Market: By Application

The industrial/professional segment is expected to hold the largest share of the market. Power tools for industrial and professional users often need to be able to resist extensive use and demanding working conditions. For daily chores including manufacturing, building, maintenance, and repair, they frequently rely on power tools. Power tools made for industrial/professional usage are more robust and durable, making them better suited for these demanding applications.

The residential/DIY segment is anticipated to be the fastest-growing segment in the market from 2023-2028. The availability of cordless tools and the growing appeal of the do-it-yourself (DIY) movement are driving up demand for power tools for home applications. When completing routine transactions, DIY users choose smaller and lighter power equipment. As a result, there is a rising trend toward favoring small, ergonomic equipment over traditional ones. Because of this, there is a high demand for compact and lightweight power tools.

asia pacific power tools market

Global Power Tools Market: By Region

North America is expected to be the largest region in the market. Some of the main factors that are considerably boosting market growth in the region include expanding industrial and infrastructure development as well as a dearth of cost-effective labor that has led to a high uptake of DIY activities. Another important element influencing the growth of the market is the presence of key firms with rising development and innovation efforts for the enhancement of current tools.

Asia Pacific is projected to witness the fastest growth during the forecast period. Rising infrastructure and road development projects, particularly in developing nations like China, India, Indonesia, the Philippines, and Vietnam, are one of the main reasons for boosting the region's power tool market growth. The Asia Pacific region's construction market is expanding rapidly, thereby fuelling the regional market growth.

Global Power Tools Market Share and Competitor Analysis

Andreas Stihl AG & CO. KG, Apex Tool Group, Atlas Copco, Robert Bosch GmbH, Hilti Corporation, Ingersoll-Rand, Makita Corporation, Snap-on Incorporated, Stanley Black & Decker, Techtronic Industries Co., Ltd., YAMABIKO Corporation, Panasonic Electric Works Europe AG, KEN Holding Co., Ltd., and Dynabrade Power Tools, among others, are some of the key players in the global power tools market.

Please note: This is not an exhaustive list of companies profiled in the report.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

2.4   Data Metrics

3          GLOBAL POWER TOOLS  MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL POWER TOOLS MARKET, BY PRODUCT

4.1   Introduction

4.2   Power Tools Market: Product Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Drilling and Fastening Tools

4.4.1        Drilling and Fastening Tools Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   Demolition Tools

4.5.1        Demolition Tools Market Estimates and Forecast, 2020-2028 (USD Million)

4.6   Sawing and Cutting Tools

4.6.1        Sawing and Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

4.7   Material Removal Tools

4.7.1        Material Removal Tools Market Estimates and Forecast, 2020-2028 (USD Million)

4.8   Routing Tools

4.8.1        Routing Tools Market Estimates and Forecast, 2020-2028 (USD Million)

4.9   Others

4.9.1        Others Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL POWER TOOLS MARKET, BY MODE OF OPERATION

5.1   Introduction

5.2   Power Tools Market: Mode of Operation Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Electric

5.4.1        Electric Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Pneumatic

5.5.1        Pneumatic Market Estimates and Forecast, 2020-2028 (USD Million)

5.6   Others

5.6.1        Others Market Estimates and Forecast, 2020-2028 (USD Million)

6          GLOBAL POWER TOOLS MARKET, BY APPLICATION

6.1   Introduction

6.2   Power Tools Market: Application Scope Key Takeaways

6.3   Revenue Growth Analysis, 2022 & 2028

6.4   Industrial/Professional

6.4.1        Industrial/Professional Market Estimates and Forecast, 2020-2028 (USD Million)

6.5   Residential/DIY

6.5.1        Residential/DIY Market Estimates and Forecast, 2020-2028 (USD Million)

7          GLOBAL POWER TOOLS MARKET, BY REGION

7.1   Introduction

7.2   North America Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.1        By Product

7.2.2        By Mode of Operation

7.2.3        By Application

7.2.4        By Country

7.2.4.1     U.S. Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.1.1        By Product

7.2.4.1.2        By Mode of Operation

7.2.4.1.3        By Application

7.2.4.2     Canada Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.2.1        By Product

7.2.4.2.2        By Mode of Operation

7.2.4.2.3        By Application

7.2.4.3     Mexico Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.3.1        By Product

7.2.4.3.2        By Mode of Operation

7.2.4.3.3        By Application

7.3   Europe Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.1        By Product

7.3.2        By Mode of Operation

7.3.3        By Application

7.3.4        By Country

7.3.4.1     Germany Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.1.1        By Product

7.3.4.1.2        By Mode of Operation

7.3.4.1.3        By Application

7.3.4.2     U.K. Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.2.1        By Product

7.3.4.2.2        By Mode of Operation

7.3.4.2.3        By Application

7.3.4.3     France Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.3.1        By Product

7.3.4.3.2        By Mode of Operation

7.3.4.3.3        By Application

7.3.4.4     Italy Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.4.1        By Product

7.3.4.4.2        By Mode of Operation

7.2.4.4.3        By Application

7.3.4.5     Spain Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.5.1        By Product

7.3.4.5.2        By Mode of Operation

7.2.4.5.3        By Application

7.3.4.6     Netherlands Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.6.1        By Product

7.3.4.6.2        By Mode of Operation

7.2.4.6.3        By Application

7.3.4.7     Rest of Europe Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.7.1        By Product

7.3.4.7.2        By Mode of Operation

7.2.4.7.3        By Application

7.4   Asia Pacific Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.1        By Product

7.4.2        By Mode of Operation

7.4.3        By Application

7.4.4        By Country

7.4.4.1     China Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.1.1        By Product

7.4.4.1.2        By Mode of Operation

7.4.4.1.3        By Application

7.4.4.2     Japan Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.2.1        By Product

7.4.4.2.2        By Mode of Operation

7.4.4.2.3        By Application

7.4.4.3     India Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.3.1        By Product

7.4.4.3.2        By Mode of Operation

7.4.4.3.3        By Application

7.4.4.4     South Korea Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.4.1        By Product

7.4.4.4.2        By Mode of Operation

7.4.4.4.3        By Application

7.4.4.5     Singapore Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.5.1        By Product

7.4.4.5.2        By Mode of Operation

7.4.4.5.3        By Application

7.4.4.6     Malaysia Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.6.1        By Product

7.4.4.6.2        By Mode of Operation

7.4.4.6.3        By Application

7.4.4.7     Thailand Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.7.1        By Product

7.4.4.7.2        By Mode of Operation

7.4.4.7.3        By Application

7.4.4.8     Indonesia Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.8.1        By Product

7.4.4.8.2        By Mode of Operation

7.4.4.8.3        By Application

7.4.4.9     Vietnam Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.9.1        By Product

7.4.4.9.2        By Mode of Operation

7.4.4.9.3        By Application

7.4.4.10  Taiwan Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.10.1 By Product

7.4.4.10.2 By Mode of Operation

7.4.4.10.3 By Application

7.4.4.11  Rest of Asia Pacific Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.11.1 By Product

7.4.4.11.2 By Mode of Operation

7.4.4.11.3 By Application

7.5   Middle East and Africa Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.1        By Product

7.5.2        By Mode of Operation

7.5.3        By Application

7.5.4        By Country

7.5.4.1     Saudi Arabia Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.1.1        By Product

7.5.4.1.2        By Mode of Operation

7.5.4.1.3        By Application

7.5.4.2     U.A.E. Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.2.1        By Product

7.5.4.2.2        By Mode of Operation

7.5.4.2.3        By Application

7.5.4.3     Israel Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.3.1        By Product

7.5.4.3.2        By Mode of Operation

7.5.4.3.3        By Application

7.5.4.4     South Africa Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.4.1        By Product

7.5.4.4.2        By Mode of Operation

7.5.4.4.3        By Application

7.5.4.5     Rest of Middle East and Africa Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.5.1        By Product

7.5.4.5.2        By Mode of Operation

7.5.4.5.2        By Application

7.6   Central & South America Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.1        By Product

7.6.2        By Mode of Operation

7.6.3        By Application

7.6.4        By Country

7.6.4.1     Brazil Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.1.1        By Product

7.6.4.1.2        By Mode of Operation

7.6.4.1.3        By Application

7.6.4.2     Argentina Eaporative Air Cooler Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.2.1        By Product

7.6.4.2.2        By Mode of Operation

7.6.4.2.3        By Application

7.6.4.3     Chile Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.3.1        By Product

7.6.4.3.2        By Mode of Operation

7.6.4.3.3        By Application

7.6.4.4     Rest of Central & South America Power Tools Market Estimates and Forecast, 2020-2028 (USD Million)

7.6.4.4.1        By Product

7.6.4.4.2        By Mode of Operation

7.6.4.4.3        By Application

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        Andreas Stihl AG & CO. KG

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        Apex Tool Group

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        Atlas Copco

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        Robert Bosch GmbH

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        Hilti Corporation

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        INGERSOLL-RAND

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        Makita Corporation  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8        Snap-on Incorporated

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        Stanley Black & Decker

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10       Techtronic Industries Co., Ltd.

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11      Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2        Market Scope & Segmentation

9.2   Information Procurement

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Product Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2        Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1        Inhouse AI Based Real Time Analytics Tool

9.5.2        Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global Power Tools Market, By Product, 2020-2028 (USD Mllion)

2 Drilling and Fastening Tools Market, By Region, 2020-2028 (USD Mllion)              

3 Demolition Tools Market, By Region, 2020-2028 (USD Mllion)         

4 Sawing and Cutting Tools Market, By Region, 2020-2028 (USD Mllion)      

5 Material Removal Tools Market, By Region, 2020-2028 (USD Mllion)

6 Routing Tools Market, By Region, 2020-2028 (USD Mllion)

7 Others Market, By Region, 2020-2028 (USD Mllion)

8 Global Power Tools Market, By Mode of Operation, 2020-2028 (USD Mllion)       

9 Electric Market, By Region, 2020-2028 (USD Mllion)             

10 Pneumatic Market, By Region, 2020-2028 (USD Mllion)

11 Others Market, By Region, 2020-2028 (USD Mllion)

12 Global Power Tools Market, By Application, 2020-2028 (USD Mllion)

13 Industrial/Professional Market, By Region, 2020-2028 (USD Mllion)      

14 Residential/DIY Market, By Region, 2020-2028 (USD Mllion)             

15 Regional Analysis, 2020-2028 (USD Mllion)

16 North America Power Tools Market, By Product, 2020-2028 (USD Million)

17 North America Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

18 North America Power Tools Market, By Application, 2020-2028 (USD Million)

19 North America Power Tools Market, By Country, 2020-2028 (USD Million)

20 U.S Power Tools Market, By Product, 2020-2028 (USD Million)

21 U.S Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

22 U.S Power Tools Market, By Application, 2020-2028 (USD Million)

23 Canada Power Tools Market, By Product, 2020-2028 (USD Million)

24 Canada Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

25 Canada Power Tools Market, By Application, 2020-2028 (USD Million)

26 Mexico Power Tools Market, By Product, 2020-2028 (USD Million)

27 Mexico Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

28 Mexico Power Tools Market, By Application, 2020-2028 (USD Million)

29 Europe Power Tools Market, By Product, 2020-2028 (USD Million)

30 Europe Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

31 Europe Power Tools Market, By Application, 2020-2028 (USD Million)

32 Europe Power Tools Market, By country, 2020-2028 (USD Million)

33 Germany Power Tools Market, By Product, 2020-2028 (USD Million)

34 Germany Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

35 Germany Power Tools Market, By Application, 2020-2028 (USD Million)

36 UK Power Tools Market, By Product, 2020-2028 (USD Million)

37 UK Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

38 UK Power Tools Market, By Application, 2020-2028 (USD Million)

39 France Power Tools Market, By Product, 2020-2028 (USD Million)

40 France Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

41 France Power Tools Market, By Application, 2020-2028 (USD Million)

42 Italy Power Tools Market, By Product, 2020-2028 (USD Million)

43 Italy Power Tools Market, By T Mode of Operation Type, 2020-2028 (USD Million)

44 Italy Power Tools Market, By Application, 2020-2028 (USD Million)

45 Spain Power Tools Market, By Product, 2020-2028 (USD Million)

46 Spain Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

47 Spain Power Tools Market, By Application, 2020-2028 (USD Million)

48 Rest Of Europe Power Tools Market, By Product, 2020-2028 (USD Million)

49 Rest Of Europe Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

50 Rest of Europe Power Tools Market, By Application, 2020-2028 (USD Million)

51 Asia Pacific Power Tools Market, By Product, 2020-2028 (USD Million)

52 Asia Pacific Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

53 Asia Pacific Power Tools Market, By Application, 2020-2028 (USD Million)

54 Asia Pacific Power Tools Market, By Country, 2020-2028 (USD Million)

55 China Power Tools Market, By Product, 2020-2028 (USD Million)

56 China Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

57 China Power Tools Market, By Application, 2020-2028 (USD Million)

58 India Power Tools Market, By Product, 2020-2028 (USD Million)

59 India Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

60 India Power Tools Market, By Application, 2020-2028 (USD Million)

61 Japan Power Tools Market, By Product, 2020-2028 (USD Million)

62 Japan Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

63 Japan Power Tools Market, By Application, 2020-2028 (USD Million)

64 South Korea Power Tools Market, By Product, 2020-2028 (USD Million)

65 South Korea Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

66 South Korea Power Tools Market, By Application, 2020-2028 (USD Million)

67 Middle East and Africa Power Tools Market, By Product, 2020-2028 (USD Million)

68 Middle East and Africa Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

69 Middle East and Africa Power Tools Market, By Application, 2020-2028 (USD Million)

70 Middle East and Africa Power Tools Market, By Country, 2020-2028 (USD Million)

71 Saudi Arabia Power Tools Market, By Product, 2020-2028 (USD Million)

72 Saudi Arabia Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

73 Saudi Arabia Power Tools Market, By Application, 2020-2028 (USD Million)

74 UAE Power Tools Market, By Product, 2020-2028 (USD Million)

75 UAE Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

76 UAE Power Tools Market, By Application, 2020-2028 (USD Million)

77 Central & South America Power Tools Market, By Product, 2020-2028 (USD Million)

78 Central & South America Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

79 Central & South America Power Tools Market, By Application, 2020-2028 (USD Million)

80 Central & South America Power Tools Market, By Country, 2020-2028 (USD Million)

81 Brazil Power Tools Market, By Product, 2020-2028 (USD Million)

82 Brazil Power Tools Market, By Mode of Operation, 2020-2028 (USD Million)

83 Brazil Power Tools Market, By Application, 2020-2028 (USD Million)

84 Andreas Stihl AG & CO. KG: Products & Services Offering

85 Apex Tool Group: Products & Services Offering     

86 Atlas Copco: Products & Services Offering              

87 Robert Bosch GmbH: Products & Services Offering             

88 Hilti Corporation: Products & Services Offering  

89 INGERSOLL-RAND: Products & Services Offering      

90 Makita Corporation : Products & Services Offering            

91 Snap-on Incorporated: Products & Services Offering       

92 Stanley Black & Decker: Products & Services Offering     

93  Techtronic Industries Co., Ltd.: Products & Services Offering    

94 Other Companies: Products & Services Offering    

LIST OF FIGURES

1 Global Power Tools Market Overview

2 Global Power Tools Market Value From 2020-2028 (USD Mllion)

3 Global Power Tools Market Share, By Product (2022)

4 Global Power Tools Market Share, By Mode of Operation (2022)

5 Global Power Tools Market Share, By Application (2022)

6 Global Power Tools Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Power Tools Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Power Tools Market

11 Impact Of Challenges On The Global Power Tools Market

12 Porter’s Five Forces Analysis

13 Global Power Tools Market: By Product Scope Key Takeaways

14 Global Power Tools Market, By Product Segment: Revenue Growth Analysis

15 Drilling and Fastening Tools Market, By Region, 2020-2028 (USD Mllion)

16 Demolition Tools Market, By Region, 2020-2028 (USD Mllion)

17 Sawing and Cutting Tools Market, By Region, 2020-2028 (USD Mllion)

18 Material Removal Tools Market, By Region, 2020-2028 (USD Mllion)

19 Routing Tools Market, By Region, 2020-2028 (USD Mllion)

20 Others Market, By Region, 2020-2028 (USD Mllion)

21 Global Power Tools Market: By Mode of Operation Scope Key Takeaways

22 Global Power Tools Market, By Mode of Operation Segment: Revenue Growth Analysis

23 Electric Market, By Region, 2020-2028 (USD Mllion)   

24 Pneumatic Market, By Region, 2020-2028 (USD Mllion)

25 Others Market, By Region, 2020-2028 (USD Mllion)

26 Global Power Tools Market: By Application Scope Key Takeaways

27 Global Power Tools Market, By Application Segment: Revenue Growth Analysis

28 Industrial/Professional Market, By Region, 2020-2028 (USD Mllion)

29 Residential/DIY Market, By Region, 2020-2028 (USD Mllion)

30 Regional Segment: Revenue Growth Analysis

31 Global Power Tools Market: Regional Analysis

32 North America Power Tools Market Overview

33 North America Power Tools Market, By Product

34 North America Power Tools Market, By Mode of Operation

35 North America Power Tools Market, By Application

36 North America Power Tools Market, By Country

37 U.S. Power Tools Market, By Product

38 U.S. Power Tools Market, By Mode of Operation

39 U.S. Power Tools Market, By Application

40 Canada Power Tools Market, By Product

41 Canada Power Tools Market, By Mode of Operation

42 Canada Power Tools Market, By Application

43 Mexico Power Tools Market, By Product

44 Mexico Power Tools Market, By Mode of Operation

45 Mexico Power Tools Market, By Application

46 Four Quadrant Positioning Matrix

47 Company Market Share Analysis

48 Andreas Stihl AG & CO. KG: Company Snapshot

49 Andreas Stihl AG & CO. KG: SWOT Analysis

50 Andreas Stihl AG & CO. KG: Geographic Presence

51 Apex Tool Group: Company Snapshot

52 Apex Tool Group: SWOT Analysis

53 Apex Tool Group: Geographic Presence

54 Atlas Copco: Company Snapshot

55 Atlas Copco: SWOT Analysis

56 Atlas Copco: Geographic Presence

57 Robert Bosch GmbH: Company Snapshot

58 Robert Bosch GmbH: Swot Analysis

59 Robert Bosch GmbH: Geographic Presence

60 Hilti Corporation: Company Snapshot

61 Hilti Corporation: SWOT Analysis

62 Hilti Corporation: Geographic Presence

63 INGERSOLL-RAND: Company Snapshot

64 INGERSOLL-RAND: SWOT Analysis

65 INGERSOLL-RAND: Geographic Presence

66 Makita Corporation : Company Snapshot

67 Makita Corporation : SWOT Analysis

68 Makita Corporation : Geographic Presence

69 Snap-on Incorporated: Company Snapshot

70 Snap-on Incorporated: SWOT Analysis

71 Snap-on Incorporated: Geographic Presence

72 Stanley Black & Decker.: Company Snapshot

73 Stanley Black & Decker.: SWOT Analysis

74 Stanley Black & Decker.: Geographic Presence

75 Techtronic Industries Co., Ltd.: Company Snapshot

76 Techtronic Industries Co., Ltd.: SWOT Analysis

77 Techtronic Industries Co., Ltd.: Geographic Presence

78 Other Companies: Company Snapshot

79 Other Companies: SWOT Analysis

80 Other Companies: Geographic Presence

The Global Power Tools Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Power Tools Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Power Tools Market.

Power Tools Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Power Tools Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Power Tools Market Share

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Frequently Asked Questions

The global power tools market is projected to grow at a CAGR of 9.3% from 2023 to 2028.
Andreas Stihl AG & CO. KG, Apex Tool Group, Atlas Copco, Robert Bosch GmbH, Hilti Corporation, Ingersoll-Rand, Makita Corporation, Snap-on Incorporated, Stanley Black & Decker, Techtronic Industries Co., Ltd., YAMABIKO Corporation, Panasonic Electric Works Europe AG, KEN Holding Co., Ltd., and Dynabrade Power Tools, among others, are some of the key players in the global power tools market.
Power tool producers have an opportunity to create and market electric and battery-powered instruments as sustainability and environmental issues gain attention. Longer run hours, quicker charging, and less environmental effect are now possible due to developments in battery technology. This market potential will be tapped into by increasing the variety of cordless tools and enhancing battery performance. Moreover, specialized tasks and specific requirements vary in each industry. Creating power tools specifically for sectors like automotive, aerospace, woodworking, or metalworking might offer opportunities for market uniqueness and focused solutions.
The increasing demand for automation and efficiency in various industries, the growing construction industry in emerging economies, and the growing popularity of Do-It-Yourself (DIY) projects are expected to support the growth of the market during the forecast period. Moreover, the surging demand for electric fastening tools in industrial sectors, technological advancements, and the increasing demand for flexible, mobile, and compact tools are propelling the growth of the market.

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