Global Power Tools Market Growth 2023-2029

Global Power Tools Market Growth 2023-2029

A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of power tools use electric motors. Internal combustion engines and compressed air are also commonly used. Other power sources include steam engines, direct burning of fuels and propellants, or even natural power sources like wind or moving water. Tools directly driven by animal power are not generally considered power tools. Power tools are used in industry, in construction, in the garden, for housework tasks such as cooking, cleaning, and around the house for purposes of driving (fasteners), drilling, cutting, shaping, sanding, grinding, routing, polishing, painting, heating and more. Power tools are classified as either stationary or portable, where portable means hand-held. Portable power tools have obvious advantages in mobility. Stationary power tools however often have advantages in speed and accuracy, and some stationary power tools can produce objects that cannot be made in any other way. Stationary power tools for metalworking are usually called machine tools. The term machine tool is not usually applied to stationary power tools for woodworking, although such usage is occasionally heard, and in some cases, such as drill presses and bench grinders, exactly the same tool is used for both woodworking and metalworking.
LPI (LP Information)' newest research report, the “Power Tools Industry Forecast” looks at past sales and reviews total world Power Tools sales in 2022, providing a comprehensive analysis by region and market sector of projected Power Tools sales for 2023 through 2029. With Power Tools sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Tools industry.
This Insight Report provides a comprehensive analysis of the global Power Tools landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Tools portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Power Tools market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Tools and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Tools.
The global Power Tools market size is projected to grow from US$ 32960 million in 2022 to US$ 48600 million in 2029; it is expected to grow at a CAGR of 48600 from 2023 to 2029.
At present, the major players of Power Tools in the world include: Stanley Black & Decker (DeWalt), Bosch, TTI, Makita, HiKOKI, Hilti, Einhell, Snap-on, Chevron Group and Festool, among which Stanley Black & Decker (DeWalt) is the world’s largest Power Tools manufacturer, its market share is about 21%.
North America holds a big market share of the Power Tools market and accounted for over 33% of the global revenue share.
The classification of Power Tools include Electric Power Tools, Pneumatic Power Tools and Hydraulic and other power tool. The market share of Power Tools is about 77%.
Power Tools' application are Residential Applications, Construction, Industry, Gardening and Others. The most proportion of Industry are 37% market shares.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Tools market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Electric Power Tools
Pneumatic Power Tools
Hydraulic and other power tool
Segmentation by application
Residential
Construction
Industrials
Gardening
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Stanley Black & Decker (DeWalt)
Bosch
TTI
Makita
HiKOKI
Hilti
Einhell
Snap-on
Chevron Group
Festool
Apex Tool Group
Dongcheng
C. & E. Fein
Zhejiang Crown
Positec Group
Jiangsu Jinding
KEN
Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Tools market?
What factors are driving Power Tools market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Tools market opportunities vary by end market size?
How does Power Tools break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.