Power Tools Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Power Tools Market
The Power Tools market size was valued at 26.61 billion in 2023, and the market is now projected to grow from 27.51 billion in 2024 to USD 36.82 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period of 2023-2030.
Considering the preliminary COVID-19 effect, Wuhan has been a traditional production base of modern business production of optoelectronic generation, automobile manufacturing, iron manufacturing, and metal production. Thus, it negatively affected the manufacturing sports in various industries, drastically hampering the marketplace growth.
The speedy enlargement of the construction industry is a main factor influencing the worldwide power equipment marketplace increase. Key gamers are manufacturing corded and cordless energy gear that permit construction workers to apply them across various programs. Also, small and mid-sized production firms are bound to apply these equipment to their abilties and flexibility. Additionally, main producers across the globe offer superior products through collaboration and studies. This results in Power Tools market growth.
Companies, which includes Atlas Copco AB, Robert Bosch Tool Corporation, Techtronic Industries Co. Ltd., and others, are growing energy-efficient energy device products with progressive technologies. Industry leaders are also focusing on introducing multi-motive machines that may be used exactly while engaging in severa operations.
Comprehensive Analysis of Power Tools Market
The Power Tools market is rising at an exponential charge due to its marketplace segmentation. On the basis of mode of operation, the market is categorized into pneumatic, hydraulic tools, electric, and others. Based on tool type, the market is divided into demolition tools, material removal tools, drilling & fastening tools, sawing & cutting tools, and others, which include routing tools. Based on application, the market is segmented into industrial (construction, manufacturing, automotive, energy, DIY, and others (shipbuilding).
Asia Pacific has the largest Power Tools market share. Asia Pacific has been diagnosed to be the dominant and exponentially growing vicinity in the global market. The call for those tools is getting directly propagated by means of the growing industrialization, infrastructure development, and urbanization. Coupled with this, the developing Chinese market players manipulate the market with competitive pricing, which might resource boom. Moreover, India is anticipated to witness a giant boom because of Industry Four.Zero and more suitable manufacturing inside the manufacturing zone.
The top players in the market play a crucial role in the Power Tools industry assuring industrial prospectus growth and setting market standards. These players include, Stanley, Black & Decker, Inc. (U.S.), Hilti Corporation (Liechtenstein), Emerson Electric Co. (U.S.), Atlas Copco AB (Sweden),Robert Bosch GmbH (Germany), Makita Corporation (Japan), Techtronic Industries Co. Ltd. (Hong Kong), Hitachi Koki Ltd. (Japan), Ingersoll Rand (U.S.), and Enerpac Tool Group (U.S.).
In July 2021, Makita UK extended its outdoor strength gear segment with its advanced ‘XGT 40VMax machines’. It consists of UR002G 40VMax Cutter and 40VMax Hedge Trimmer which can be brushless.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.3% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Mode of Operation, By Tool Type, By Application, By Region
By Mode of Operation Electric
Pneumatic
Others (Hydraulic)
By Tool Type Drilling & Fastening Tools
Material Removal Tools
Sawing and Cutting tools
Demolition Tools
Others (Routing Tools etc.)
By Application DIY
Industrial
- Manufacturing
- Automotive
- Construction
- Energy
- Others (Ship building, etc.)
By Region North America (By Mode of Operation, Tool Type, Application, and Country)
- U.S. (By Mode of Operation)
- Canada (By Mode of Operation)
Europe (By Mode of Operation, Tool Type, Application, and Country)
- Germany (By Mode of Operation)
- U.K. (By Mode of Operation)
- France (By Mode of Operation)
- Rest of Europe
Asia Pacific (By Mode of Operation, Tool Type, Application, and Country)
- China (By Mode of Operation)
- India (By Mode of Operation)
- Japan (By Mode of Operation)
- Southeast Asia (By Mode of Operation)
- Rest of Asia Pacific
Middle East & Africa (By Mode of Operation, Tool Type, Application, and Country)
- South Africa (By Mode of Operation)
- GCC (By Mode of Operation)
- Rest of the Middle East & Africa
Latin America (By Mode of Operation, Tool Type, Application, and Country)
- Brazil (By Mode of Operation)
- Mexico (By Mode of Operation)
- Rest of Latin America
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Impact of COVID-19 on Economic Outlook
- 3.3.2. Effect of COVID-19 on Supply Chain Management
- 3.3.3. Influence of COVID-19 on Power Tools Market
- 3.3.4. Steps Taken by the Manufacturers to Mitigate COVID-19 Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Power Tools Key Players Market Share Insights and Analysis, 2021
- 5. Global Power Tools Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 5.1. Key Findings
- 5.2. By Mode of Operation (USD)
- 5.2.1. Electric
- 5.2.2. Pneumatic
- 5.2.3. Others (Hydraulic, etc.)
- 5.3. By Tool Type (USD)
- 5.3.1. Drilling & Fastening Tools
- 5.3.2. Material Removal Tools
- 5.3.3. Sawing and Cutting tools
- 5.3.4. Demolition Tools
- 5.3.5. Others (Routing Tools etc.)
- 5.4. By Application (USD)
- 5.4.1. DIY
- 5.4.2. Industrial
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Power Tools Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 6.1. Key Findings
- 6.2. By Mode of Operation (USD)
- 6.2.1. Electric
- 6.2.2. Pneumatic
- 6.2.3. Others (Hydraulic, etc.)
- 6.3. By Tool Type (USD)
- 6.3.1. Drilling & Fastening Tools
- 6.3.2. Material Removal Tools
- 6.3.3. Sawing and Cutting tools
- 6.3.4. Demolition Tools
- 6.3.5. Others (Routing Tools etc.)
- 6.4. By Application (USD)
- 6.4.1. DIY
- 6.4.2. Industrial
- 6.5. By Country (USD)
- 6.5.1. U.S.
- 6.5.1.1. By Mode of Operation (USD)
- 6.5.1.1.1. Electric
- 6.5.1.1.2. Pneumatic
- 6.5.1.1.3. Others (Hydraulic, etc.)
- 6.5.2. Canada
- 6.5.2.1. By Mode of Operation (USD)
- 6.5.2.1.1. Electric
- 6.5.2.1.2. Pneumatic
- 6.5.2.1.3. Others (Hydraulic, etc.)
- 7. Latin America Power Tools Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 7.1. Key Findings
- 7.2. By Mode of Operation (USD)
- 7.2.1. Electric
- 7.2.2. Pneumatic
- 7.2.3. Others (Hydraulic, etc.)
- 7.3. By Tool Type (USD)
- 7.3.1. Drilling & Fastening Tools
- 7.3.2. Material Removal Tools
- 7.3.3. Sawing and Cutting tools
- 7.3.4. Demolition Tools
- 7.3.5. Others (Routing Tools etc.)
- 7.4. By Application (USD)
- 7.4.1. DIY
- 7.4.2. Industrial
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.1.1. By Mode of Operation (USD)
- 7.5.1.1.1. Electric
- 7.5.1.1.2. Pneumatic
- 7.5.1.1.3. Others (Hydraulic, etc.)
- 7.5.2. Mexico
- 7.5.2.1. By Mode of Operation (USD)
- 7.5.2.1.1. Electric
- 7.5.2.1.2. Pneumatic
- 7.5.2.1.3. Others (Hydraulic, etc.)
- 7.5.3. Rest of Latin America
- 8. Europe Power Tools Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 8.1. Key Findings
- 8.2. By Mode of Operation (USD)
- 8.2.1. Electric
- 8.2.2. Pneumatic
- 8.2.3. Others (Hydraulic, etc.)
- 8.3. By Tool Type (USD)
- 8.3.1. Drilling & Fastening Tools
- 8.3.2. Material Removal Tools
- 8.3.3. Sawing and Cutting tools
- 8.3.4. Demolition Tools
- 8.3.5. Others (Routing Tools etc.)
- 8.4. By Application (USD)
- 8.4.1. DIY
- 8.4.2. Industrial
- 8.5. By Country (USD)
- 8.5.1. Germany
- 8.5.1.1. By Mode of Operation (USD)
- 8.5.1.1.1. Electric
- 8.5.1.1.2. Pneumatic
- 8.5.1.1.3. Others (Hydraulic, etc.)
- 8.5.2. U.K.
- 8.5.2.1. By Mode of Operation (USD)
- 8.5.2.1.1. Electric
- 8.5.2.1.2. Pneumatic
- 8.5.2.1.3. Others (Hydraulic, etc.)
- 8.5.3. France
- 8.5.3.1. By Mode of Operation (USD)
- 8.5.3.1.1. Electric
- 8.5.3.1.2. Pneumatic
- 8.5.3.1.3. Others (Hydraulic, etc.)
- 8.5.4. Rest of Europe
- 9. Asia Pacific Power Tools Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 9.1. Key Findings
- 9.2. By Mode of Operation (USD)
- 9.2.1. Electric
- 9.2.2. Pneumatic
- 9.2.3. Others (Hydraulic, etc.)
- 9.3. By Tool Type (USD)
- 9.3.1. Drilling & Fastening Tools
- 9.3.2. Material Removal Tools
- 9.3.3. Sawing and Cutting tools
- 9.3.4. Demolition Tools
- 9.3.5. Others (Routing Tools etc.)
- 9.4. By Application (USD)
- 9.4.1. DIY
- 9.4.2. Industrial
- 9.5. By Country (USD)
- 9.5.1. China
- 9.5.1.1. By Mode of Operation (USD)
- 9.5.1.1.1. Electric
- 9.5.1.1.2. Pneumatic
- 9.5.1.1.3. Others (Hydraulic, etc.)
- 9.5.2. India
- 9.5.2.1. By Mode of Operation (USD)
- 9.5.2.1.1. Electric
- 9.5.2.1.2. Pneumatic
- 9.5.2.1.3. Others (Hydraulic, etc.)
- 9.5.3. Japan
- 9.5.3.1. By Mode of Operation (USD)
- 9.5.3.1.1. Electric
- 9.5.3.1.2. Pneumatic
- 9.5.3.1.3. Others (Hydraulic, etc.)
- 9.5.4. South East Asia
- 9.5.4.1. By Mode of Operation (USD)
- 9.5.4.1.1. Electric
- 9.5.4.1.2. Pneumatic
- 9.5.4.1.3. Others (Hydraulic, etc.)
- 9.5.5. Rest of Asia Pacific
- 10. Middle East & Africa Power Tools Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 10.1. Key Findings
- 10.2. By Mode of Operation (USD)
- 10.2.1. Electric
- 10.2.2. Pneumatic
- 10.2.3. Others (Hydraulic, etc.)
- 10.3. By Tool Type (USD)
- 10.3.1. Drilling & Fastening Tools
- 10.3.2. Material Removal Tools
- 10.3.3. Sawing and Cutting tools
- 10.3.4. Demolition Tools
- 10.3.5. Others (Routing Tools etc.)
- 10.4. By Application (USD)
- 10.4.1. DIY
- 10.4.2. Industrial
- 10.5. By Country (USD)
- 10.5.1. GCC
- 10.5.1.1. By Mode of Operation (USD)
- 10.5.1.1.1. Electric
- 10.5.1.1.2. Pneumatic
- 10.5.1.1.3. Others (Hydraulic, etc.)
- 10.5.2. South Africa
- 10.5.2.1. By Mode of Operation (USD)
- 10.5.2.1.1. Electric
- 10.5.2.1.2. Pneumatic
- 10.5.2.1.3. Others (Hydraulic, etc.)
- 10.5.3. Rest of MEA
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Robert Bosch GmbH
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. Stanley Black & Decker, Inc.
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. Hilti Corporation
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Atlas Copco AB
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Makita Corporation
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. Emerson Electric Co.
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. Koki Holdings Co., Ltd.
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. Ingersoll Rand
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. Techtronic Industries Co. Ltd.
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. Enerpac Tool Group
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
- 11.11. CHERVON (China) Trading Co., Ltd.
- 11.11.1. Overview
- 11.11.2. Offerings/Business Segments
- 11.11.3. Employee Size
- 11.11.4. Key Financials
- 11.11.5. Recent Developments
- 11.12. ANDREAS STIHL AG & Co. KG
- 11.12.1. Overview
- 11.12.2. Offerings/Business Segments
- 11.12.3. Employee Size
- 11.12.4. Key Financials
- 11.12.5. Recent Developments
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