Global Power Tool Accessories Market 2024-2028

Global Power Tool Accessories Market 2024-2028


The power tool accessories market is forecasted to grow by USD 577.7 mn during 2023-2028, accelerating at a CAGR of 3.84% during the forecast period. The report on the power tool accessories market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in sales of passenger cars, growth of fabricated metal products, and rise in construction activities in emerging nations in APAC.

Technavio's power tool accessories market is segmented as below:

By End-user
  • Professional
  • Consumer
By Type
  • Drill bits
  • Screwdriver bits
  • Router bits
  • Others
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the increased integration of internet of things (IoT) in manufacturing processes as one of the prime reasons driving the power tool accessories market growth during the next few years. Also, rise in ev sales and increase in demand for commercial aircraft will lead to sizable demand in the market.

The report on the power tool accessories market covers the following areas:
  • Power tool accessories market sizing
  • Power tool accessories market forecast
  • Power tool accessories market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power tool accessories market vendors that include ANDREAS STIHL AG and Co. KG, Atlas Copco AB, Bahco, Baker Hughes Co., Caterpillar Inc., Drill King International, Emerson Electric Co., Festool GmbH, Halliburton Co., Hilti AG, KKR and Co. Inc., Koki Holdings Co. Ltd., KYOCERA Corp., Makita Corp., Robert Bosch GmbH, Sandvik AB, Snap on Tools Pvt. Ltd., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., and Tools4Trade. Also, the power tool accessories market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Data Table on Incremental Growth
  • Market Landscape
    • Market ecosystem
      • Table Data Table on - Parent Market
    • Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global Power Tool Accessories Market 2018 - 2022
      • Table Historic Market Size - Data Table on Global Power Tool Accessories Market 2018 - 2022 ($ million)
    • End-user segment analysis 2018 - 2022
    • Type segment analysis 2018 - 2022
    • Geography segment analysis 2018 - 2022
    • Country segment analysis 2018 - 2022
  • Five Forces Analysis
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
  • Market Segmentation by End-user
    • Market segments
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Professional - Market size and forecast 2023-2028
      • Table Data Table on Professional - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Professional - Year-over-year growth 2023-2028 (%)
    • Consumer - Market size and forecast 2023-2028
      • Table Data Table on Consumer - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Consumer - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Data Table on Market opportunity by End-user ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Data Table on Comparison by Type
    • Drill bits - Market size and forecast 2023-2028
      • Table Data Table on Drill bits - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Drill bits - Year-over-year growth 2023-2028 (%)
    • Screwdriver bits - Market size and forecast 2023-2028
      • Table Data Table on Screwdriver bits - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Screwdriver bits - Year-over-year growth 2023-2028 (%)
    • Router bits - Market size and forecast 2023-2028
      • Table Data Table on Router bits - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Router bits - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Data Table on Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
  • Geographic Landscape
    • Geographic segmentation
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023-2028
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Canada - Market size and forecast 2023-2028
      • Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Opportunity/Restraints
    • Market drivers
      • Increase in sales of passenger cars
      • Growth of fabricated metal products
      • Rise in construction activities in emerging nations in APAC
    • Market challenges
      • Decline in construction and automobile sales in China
      • High cost of power tools
      • Lack of skilled labors
    • Impact of drivers and challenges
    • Market opportunities/restraints
      • Increased integration of Internet of Things (IoT) in manufacturing processes
      • Rise in EV sales
      • Increase in demand for commercial aircraft
  • Competitive Landscape
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
  • Competitive Analysis
    • Companies profiled
    • Market positioning of companies
    • Atlas Copco AB
    • Bahco
    • Baker Hughes Co.
    • Caterpillar Inc.
    • Drill King International
    • Emerson Electric Co.
    • Festool GmbH
    • Hilti AG
    • Koki Holdings Co. Ltd.
    • KYOCERA Corp.
    • Makita Corp.
    • Robert Bosch GmbH
    • Snap on Tools Pvt. Ltd.
    • Stanley Black and Decker Inc.
    • Techtronic Industries Co. Ltd.
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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