Global Power Tools Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	258 Pages	DataM Intelligence 4Market Research LLP	February, 2025	DTAM19614290

Best Price Guarantee
Price	from $4,350
Length	258 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	February, 2025
SKU	DTAM19614290

Market Global Power Tools Market is growing at a CAGR of 8.2% during the forecast period 2024-2031. Demand from residential, commercial Construction and infrastructure sector in Asia Pacific is booming. Competitive rivalry intensifies with Robert Bosch GmbH, Emerson Electric Co, Husqvarna Group and others operating in the market.

A power tool is a tool that is powered by an electric motor, a compressed air motor or a petrol engine. The tools are designed to make tasks easier and more efficient by providing a mechanical advantage. Examples of power tools include drills, saws, sanders and routers. They are often used in construction, woodworking, metalworking and other industries where manual labor is required.

Power tools come in many forms and designs and can vary in size, power, weight and intended use. It is also available in cordless and corded versions; cordless tools are powered by rechargeable batteries, while corded tools are plugged into an electrical outlet. Some power tools are also equipped with safety features to protect the user, such as guards from protecting hands and fingers or brakes that stop the tool quickly when it is released.

Market Dynamics

The growing adoption of advanced technologies in the construction industry

The demand for power tools in the construction industry is increasing as these tools are designed to make construction processes more efficient and effective. Power tools are used in various construction tasks such as cutting, drilling, sanding and grinding. It tools are designed to save time and labor costs, which are important factors in the construction industry.

One of the main drivers of the demand for power tools in the construction industry is the growing need for residential and commercial construction projects. As the population continues to grow, so does the need for new homes and buildings; this increase in construction activity leads to a greater demand for power tools as they are essential for completing these projects efficiently.

High product and maintenance cost

The power tools market is growing rapidly due to increasing demand for advanced and efficient tools in various industries such as construction, automotive and manufacturing. However, these tools' high product and maintenance costs hinder market growth.

Due to advanced technologies and high-quality raw materials, power tool product costs are high. Companies are investing heavily in adopting advanced technologies to make the product more user-friendly, thus adding to the overall cost of the product. For instance, cordless power tools are more expensive than corded ones due to higher battery and motor costs. Similarly, pneumatic and hydraulic tools are more expensive due to the cost of compressed air or hydraulic fluid. Its high production costs make it difficult for small contractors and DIY enthusiasts to purchase these tools, limiting the market growth.

Market Segmentation Analysis

The global power tools market is segmented by tool, mode of operation, application and region.

Increased demand for precision and accuracy to improve mobility and safety at construction sites

Sawing and cutting tools in power tools hold the second largest market share at the global level. Sawing and cutting tools are used to cut or shape wood, metal and concrete. It includes woodworking tools such as hand saws, circular saws, reciprocating saws, jigsaws, bandsaws and miter saws, as well as metalworking tools such as angle grinders, metal cutting saws, plasma cutters and abrasive cut-off saws.

Construction, woodworking, metalworking and many other industries use the tools for tasks such as cutting and shaping materials, making precise cuts and creating smooth edges. The material to be cut, the size & complexity of the project and the accuracy and speed required all influence the choice of sawing or cutting tool.

Many sawing and cutting tools now have improved safety features, such as blades that stop moving seconds after being released, dust & debris containment and ergonomic design to reduce strain on the user's hands and arms. Sawing and cutting tools provide users with various benefits, ranging from increased precision and accuracy to increased mobility and safety, fueling market growth in the industry.

Market Geographical Share

Asia-Pacific’s swift-paced growth in the construction market

By 2030, Asia-Pacific is estimated to produce US$ 7.4 trillion worth of the world's building work. The pipeline value for projects in the Asia-Pacific is US$ 92.3 billion. The pipeline value of US$ 443 billion comprises projects still in development.

Construction specialists in the Asia-Pacific concluded that private residential, commercial and infrastructure have increased by 12%, 15% and 50% in 2022. From 2022 to 2025, the Australian construction industry is anticipated to rise by 3.4% annually.

Due to the swift-paced growth in the construction market, the power tools market in Asia-Pacific has a major share in the global market for power tools. The Asia-Pacific power tools market was US$ 19,508.50 Million in 2022 and is expected to reach US$ 39,309.19 Million by 2030, growing with a CAGR of 9.3% between 2022 and 2030.

One of the main drivers of the demand for drilling and fastening tools in Asia-Pacific is the growth in construction activity. Since the population in the region continues to increase and urbanize, there is a greater need for housing and infrastructure, thus leading to an increase in construction projects, such as the building of new homes, commercial buildings and transportation infrastructure, which requires the use of drilling and fastening tools.

Market Companies

The major global players include Robert Bosch GmbH, Techtronic Industries, Stanley Black & Decker, Inc, Emerson Electric Co, Hilti Group, Koki Holdings Co., Ltd, Panasonic, Husqvarna Group, Apex Tool Group, LLC, and Makita.

Key Developments
• On September 15, 2022, Makita unveiled the new 18V LXT Brushless Jig Saw (XVJ04Z). The XVJ04Z is designed to provide the power and performance of a corded jig saw without the inconvenience of a cord. It's ideal for professional woodworkers, cabinetmakers, specialized residential construction workers and any pro-contractor looking for the best cordless jig saw on the market.
• On July 14, 2022, Makita introduced the new 18V LXT Brushless 6,000 RPM Autofeed Screwdriver (model XRF03Z). The Autofeed Screwdriver has a high fastening speed and can handle many materials and applications.
• On January 27, 2023, Bosch agreed to purchase stock in Husqvarna AB, a renowned Swedish corporation. With the transaction, its overall share of the company's share capital will move up to about 12 percent. Bosch aims to strengthen the two companies' battery cooperation stronger. Additionally, Husqvarna owns the Gardena division and its Flymo brand, both of which are associate members of the ""Power for All Alliance"" of the Bosch Power Tools division.

The global power tools market report would provide approximately 61 tables, 58 figures and 200 Pages.

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Snippet by Tool; 3.2. Snippet by Mode of Operation; 3.3. Snippet by Application; 3.4. Snippet by Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. The growing adoption of advanced technologies in the construction industry; 4.1.1.2. XX; 4.1.2. Restraints; 4.1.2.1. High product and maintenance cost; 4.1.2.2. XX; 4.1.3. Opportunity; 4.1.3.1. XX; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Forces Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Before COVID-19 Scenario; 6.1.2. Present COVID-19 Scenario; 6.1.3. Post COVID-19 or Future Scenario; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During Pandemic; 6.5. Manufacturers Strategic Initiatives; 6.6. Conclusion
7. By Tool: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tool; 7.1.2. Market Attractiveness Index, By Tool; 7.2. Drilling and Fastening Tools*; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.2.3. Impact Drivers; 7.2.4. Drills; 7.2.5. Impact Wrenches; 7.2.6. Screwdriver and Nut runners; 7.3. Demolition Tools; 7.3.1. Sawing and Cutting Tools; 7.3.2. Jigsaws; 7.3.3. Reciprocating Jaws; 7.3.4. Circular Saws; 7.3.5. Band Saws; 7.4. Material Removal Tools; 7.5. Routing Tools; 7.6. Others
8. By Mode of Operation: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Operation; 8.1.2. Market Attractiveness Index, By Mode of Operation; 8.2. Electric*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. Pneumatic; 8.4. Others
9. By Application: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 9.1.2. Market Attractiveness Index, By Application; 9.2. Non-residential*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Residential
10. By Region: 10.1. Introduction; 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 10.1.2. Market Attractiveness Index, By Region; 10.2. North America; 10.2.1. Introduction; 10.2.2. Key Region-Specific Dynamics; 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tool; 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Operation; 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.2.6.1. U.S.; 10.2.6.2. Canada; 10.2.6.3. Mexico; 10.3. Europe; 10.3.1. Introduction; 10.3.2. Key Region-Specific Dynamics; 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tool; 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Operation; 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.3.6.1. Germany; 10.3.6.2. UK; 10.3.6.3. France; 10.3.6.4. Italy; 10.3.6.5. Russia; 10.3.6.6. Rest of Europe; 10.4. South America; 10.4.1. Introduction; 10.4.2. Key Region-Specific Dynamics; 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tool; 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Operation; 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.4.6.1. Brazil; 10.4.6.2. Argentina; 10.4.6.3. Rest of South America; 10.5. Asia-Pacific; 10.5.1. Introduction; 10.5.2. Key Region-Specific Dynamics; 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tool; 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Operation; 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application; 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 10.5.6.1. China; 10.5.6.2. India; 10.5.6.3. Japan; 10.5.6.4. Australia; 10.5.6.5. Rest of Asia-Pacific; 10.6. Middle East and Africa; 10.6.1. Introduction; 10.6.2. Key Region-Specific Dynamics; 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Tool; 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Operation; 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11. Competitive Landscape: 11.1. Competitive Scenario; 11.2. Market Positioning/Share Analysis; 11.3. Mergers and Acquisitions Analysis
12. Company Profiles: 12.1. Robert Bosch GmbH*; 12.1.1. Company Overview; 12.1.2. Product Portfolio and Description; 12.1.3. Financial Overview; 12.1.4. Key Developments; 12.2. Techtronic Industries; 12.3. Stanley Black & Decker, Inc.; 12.4. Emerson Electric Co; 12.5. Hilti Group; 12.6. Koki Holdings Co., Ltd.; 12.7. Panasonic; 12.8. Husqvarna Group; 12.9. Apex Tool Group, LLC; 12.10. Makita(*LIST NOT EXHAUSTIVE)
13. Appendix: 13.1. About Us and Services; 13.2. Contact Us