Power Tools Market Size, Share, and Analysis, By Product Type (Drilling Tool, Fastening Tool, Heat Gun, Angle Grinder, Chain Saw, Orbital Sander, Jigsaw, Impact Wrench, Circular Saw), By Technology (Electric, Pneumatic), By Sales Channel (Online, Offline), By Application (Manufacturing, MRO Services, DIY, Construction) and Regional Forecasts, 2022-2032
Power Tools Market Size, Share, and Analysis, By Product Type (Drilling Tool, Fastening Tool, Heat Gun, Angle Grinder, Chain Saw, Orbital Sander, Jigsaw, Impact Wrench, Circular Saw), By Technology (Electric, Pneumatic), By Sales Channel (Online, Offline), By Application (Manufacturing, MRO Services, DIY, Construction) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Power Tools Market size was USD 31.59 billion in 2021 and projected to grow from USD 35.5 billion in 2023 to USD 60.7 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period.
Power Tools are precisely the portable power tools or power-driven hand tools. These names and tools are different from the still power tools like the jointer or miter saw. While these power tools are usually driven by power, the class also comprises small pneumatic tools powered by compressed air like air impact hammers and wrenches. The commonly used power tools are the circular saw (electric) and the electric drill.
MARKET HIGHLIGHTS
Power Tools Market is expected to reach USD 60.7 billion, growing at a CAGR of 6.1% during the forecast period owing to the growing demand for power tools in the manufacturing and automotive industries and expanding use of these tools in multiple functionalities and applications. Moreover, expansion and growth of end use verticals are expected to boost the Power Tools Market over the forecast period.
Power Tools Market Segments:
- Product Type
- Drilling Tool
- Fastening Tool
- Heat Gun
- Angle Grinder
- Chain Saw
- Orbital Sander
- Jigsaw
- Impact Wrench
- Circular Saw
- Technology
- Electric
- Pneumatic
- Sales Channel
- Online
- Offline
- Application
- Manufacturing
- MRO Services
- DIY
- Construction
Growth Drivers
Speedy Expansion of the Construction Sector and Growing Demand of Power Tools from SMEs are Expected to Boost the Market Growth
Growing Industrialization Worldwide is Expected to Boost the Market Growth
Restraint
Price Fluctuations and Market Volatility to Restrain the Market Growth
Key Players
- Robert Bosch GmbH
- 3M
- Emerson Electric Co.
- Stanley Black & Decker Inc.
- KYOCERA Corporation
- Techtronic Industries Co. Ltd.
- Atlas Copco AB
- Hilti Corporation
- Ingersoll Rand
- Husqvarna AB
- Makita Corporation
- Snap-on Incorporated
- Apex Tool Group
- Koki Holding Co. Ltd.
- Festool GmbH
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
- 1. Executive Summary
- 1.1.Regional Market Share
- 1.2. Business Trends
- 1.3. Power Tools Market: COVID-19 Outbreak
- 1.4.Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2.Research Approach
- 2.3.Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1.Paid Sources
- 2.5.2. Public Sources
- 2.6.Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2.Power Tools Market: COVID-19 Impact
- 3.3.Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Power Tools Market – Industry Insights
- 4.1.Industry Segmentation
- 4.2. COVID-19 overview on world economy
- 4.3. Industry ecosystem Channel analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7.Market Dynamics
- 7.1. Introduction
- 7.2.Growth Drivers
- 7.3.Market Opportunities
- 7.4. Market Restraints
- 7.5.Market Trends
- 8. Market Analysis
- 8.1. Porters Five Forces
- 8.2. PEST Analysis
- 8.2.1. Political
- 8.2.2.Economic
- 8.2.3.Social
- 8.2.4.Technological
- 9. Power Tools Market
- 9.1. Overview
- 9.2.Historical Analysis (2016-2021)
- 9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 10. Power Tools Market Size & Forecast 2022 A -2032 F
- 10.1.Overview
- 10.2. Key Findings
- 10.3. Market Segmentation
- 10.3.1. By Product Type
- 10.3.1.1.Drilling Tool
- 10.3.1.1.1.By Value (USD Million) 2022-2032 F
- 10.3.1.1.2. Market Share (%) 2022-2032 F
- 10.3.1.1.3. Y-o-Y Growth (%) 2022-2032 F
- 10.3.1.2. Fastening Tool
- 10.3.1.2.1. By Value (USD Million) 2022-2032 F
- 10.3.1.2.2.Market Share (%) 2022-2032 F
- 10.3.1.2.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.1.3. Heat Gun
- 10.3.1.3.1. By Value (USD Million) 2022-2032 F
- 10.3.1.3.2.Market Share (%) 2022-2032 F
- 10.3.1.3.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.1.4. Angle Grinder
- 10.3.1.4.1.By Value (USD Million) 2022-2032 F
- 10.3.1.4.2. Market Share (%) 2022-2032 F
- 10.3.1.4.3. Y-o-Y Growth (%) 2022-2032 F
- 10.3.1.5. Chain Saw
- 10.3.1.5.1. By Value (USD Million) 2022-2032 F
- 10.3.1.5.2.Market Share (%) 2022-2032 F
- 10.3.1.5.3. Y-o-Y Growth (%) 2022-2032 F
- 10.3.1.6. Orbital Sander
- 10.3.1.6.1. By Value (USD Million) 2022-2032 F
- 10.3.1.6.2.Market Share (%) 2022-2032 F
- 10.3.1.6.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.1.7. Jigsaw
- 10.3.1.7.1. By Value (USD Million) 2022-2032 F
- 10.3.1.7.2.Market Share (%) 2022-2032 F
- 10.3.1.7.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.1.8. Impact Wrench
- 10.3.1.8.1. By Value (USD Million) 2022-2032 F
- 10.3.1.8.2. Market Share (%) 2022-2032 F
- 10.3.1.8.3. Y-o-Y Growth (%) 2022-2032 F
- 10.3.1.9. Circular Saw
- 10.3.1.9.1. By Value (USD Million) 2022-2032 F
- 10.3.1.9.2.Market Share (%) 2022-2032 F
- 10.3.1.9.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.2.By Technology
- 10.3.2.1. Electric
- 10.3.2.1.1. By Value (USD Million) 2022-2032 F
- 10.3.2.1.2.Market Share (%) 2022-2032 F
- 10.3.2.1.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.2.2.Pneumatic
- 10.3.2.2.1.By Value (USD Million) 2022-2032 F
- 10.3.2.2.2. Market Share (%) 2022-2032 F
- 10.3.2.2.3. Y-o-Y Growth (%) 2022-2032 F
- 10.3.3.By Sales Channel
- 10.3.3.1. Online
- 10.3.3.1.1. By Value (USD Million) 2022-2032 F
- 10.3.3.1.2.Market Share (%) 2022-2032 F
- 10.3.3.1.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.3.2.Offline
- 10.3.3.2.1.By Value (USD Million) 2022-2032 F
- 10.3.3.2.2. Market Share (%) 2022-2032 F
- 10.3.3.2.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.4.By Application
- 10.3.4.1. Manufacturing
- 10.3.4.1.1.By Value (USD Million) 2022-2032 F
- 10.3.4.1.2. Market Share (%) 2022-2032 F
- 10.3.4.1.3. Y-o-Y Growth (%) 2022-2032 F
- 10.3.4.2.MRO Services
- 10.3.4.2.1. By Value (USD Million) 2022-2032 F
- 10.3.4.2.2.Market Share (%) 2022-2032 F
- 10.3.4.2.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.4.3.DIY
- 10.3.4.3.1. By Value (USD Million) 2022-2032 F
- 10.3.4.3.2.Market Share (%) 2022-2032 F
- 10.3.4.3.3.Y-o-Y Growth (%) 2022-2032 F
- 10.3.4.4. Construction
- 10.3.4.4.1. By Value (USD Million) 2022-2032 F
- 10.3.4.4.2.Market Share (%) 2022-2032 F
- 10.3.4.4.3.Y-o-Y Growth (%) 2022-2032 F
- 11.North America Power Tools Market Size & Forecast 2022 A -2032 F
- 11.1.Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1.By Product Type
- 11.3.2. By Technology
- 11.3.3. Sales Channel
- 11.3.4. By Application
- 11.4.Country
- 11.4.1. United States
- 11.4.2.Canada
- 12. Europe Power Tools Market Size & Forecast 2022 A -2032 F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Product Type
- 12.3.2.By Technology
- 12.3.3.By Sales Channel
- 12.3.4.By Application
- 12.4. Country
- 12.4.1.Germany
- 12.4.2. United Kingdom
- 12.4.3. France
- 12.4.4. Italy
- 12.4.5. Spain
- 12.4.6. Russia
- 12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 13. Asia Power Tools Market Size & Forecast 2022 A -2032 F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Product Type
- 13.3.2.By Technology
- 13.3.3.By Sales Channel
- 13.3.4.By Application
- 13.4. Country
- 13.4.1.India
- 13.4.2. China
- 13.4.3. South Korea
- 13.4.4. Japan
- 13.4.5. Rest of APAC
- 14. Middle East and Africa Power Tools Market Size & Forecast 2022 A -2032 F
- 14.1.Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Product Type
- 14.3.2.By Technology
- 14.3.3.By Sales Channel
- 14.3.4. By Application
- 14.4. Country
- 14.4.1.Israel
- 14.4.2. GCC
- 14.4.3. North Africa
- 14.4.4. South Africa
- 14.4.5. Rest of Middle East and Africa
- 15. Latin America Power Tools Market Size & Forecast 2022 A -2032 F
- 15.1.Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Product Type
- 15.3.2.By Technology
- 15.3.3.By Sales Channel
- 15.3.4.By Application
- 15.4. Country
- 15.4.1.Mexico
- 15.4.2. Brazil
- 15.4.3. Rest of Latin America
- 16. Competitive Landscape
- 16.1. Company market share, 2021
- 16.2. Key player overview
- 16.3. Key stakeholders
- 17. Company Profiles
- 17.1.Robert Bosch GmbH
- 17.1.1.Company Overview
- 17.1.2. Financial Overview
- 17.1.3. Key Product; Analysis
- 17.1.4.Company Assessment
- 17.1.4.1.Product Portfolio
- 17.1.4.2. Key Clients
- 17.1.4.3. Market Share
- 17.1.4.4. Recent News & Development (Last 3 Yrs.)
- 17.1.4.5. Executive Team
- 17.2. 3 M
- 17.3. Emerson Electric Co.
- 17.4. Stanley Black & Decker Inc.
- 17.5. KYOCERA Corporation
- 17.6. Techtronic Industries Co. Ltd.
- 17.7. Atlas Copco AB
- 17.8. Hilti Corporation
- 17.9. Ingersoll Rand
- 17.10. Husqvarna AB
- 17.11.Makita Corporation
- 17.12. Snap-on Incorporated
- 17.13. Apex Tool Group
- 17.14. Koki Holding Co. Ltd.
- 17.15. Festool GmbH
- 17.16. Other Prominent Players
- 18. Appendix
- 19. Consultant Recommendation
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook