Global Power Tools Market 2024-2028
The power tools market is forecasted to grow by USD 16.84 bn during 2023-2028, accelerating at a CAGR of 7.2% during the forecast period. The report on the power tools 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 rise in global construction and infrastructure development activities, technological innovation accelerating replacement demand, and growing demand for home improvement products.
Technavio's power tools market is segmented as below:
By End-user
By Technology
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the portable power tools with smart technologies as one of the prime reasons driving the power tools market growth during the next few years. Also, flexible battery system and wireless charging in power tools and product innovations in global power tools market will lead to sizable demand in the market.
The report on the power tools market covers the following areas:
- Power tools market sizing
- Power tools market forecast
- Power tools 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 tools market vendors that include Apex Tool Group LLC, Atlas Copco AB, C. and E. Fein GmbH, Chervon Holdings Ltd., Emerson Electric Co., Evolution Power Tools Ltd., Group Silverline Ltd., Hilti AG, Illinois Tool Works Inc., JPW Industries Inc., Koki Holdings Co. Ltd, Makita Power Tools India Pvt. Ltd., Nemo Power Tools Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., Vicky Power Tools, and Zoshab International Power Tools LLP. Also, the power tools 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.