Global Power Tools

Global Power Tools

Global demand for power tools is forecast to increase 3.4% per year to $38.0 billion in 2024. Growth will be driven by rising building construction and durable goods manufacturing in industrializing countries. Advances in battery technology will contribute to rapid gains for cordless electric products worldwide, primarily at the expense of plug-in electric tools.

The report covers power tool demand by product, market, and region. Demand, production, and net exports are presented in US dollar terms.

Demand by product is presented for:
Electric power tools
      Drills
      Saws
      Sanders, polishers, and grinders
      Other electric tools
      Parts and attachments for electric tools
Pneumatic power tools
Tools powered by other energy sources, including engine-driven, hydraulic, and powder-actuated tools
Demand for electric power tools is further segmented into plug-in (corded) and cordless (battery-powered) tools.

Demand by market is presented for:
Consumer
Professional
      Construction
      Motor vehicle aftermarket
      Industrial and other professional markets

Demand by is presented for 19 countries in the following regions:
North America
Central and South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast

Scope of the Report
This report covers the scope, size, and growth of the global power tools market, including key trends in products, markets, and regions. Historical data are provided for 2009, 2014, and 2019 for demand, production, and net exports, with forecasts for 2024. Historical market volatility is also addressed. Data are provided in US dollars. Also included is an analysis of key industry players and their global market shares.