Global Power Tools Market Growth 2025-2031

The global Power Tools market size is predicted to grow from US$ 26440 million in 2025 to US$ 35060 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.

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.

Global key players of Power Tools include Stanley Black & Decker, TTI, Bosch, Makita, Hilti, etc. The top five players hold a share about 72%. North America is the world's largest market for Power Tools and holds a share about 33%, followed by Europe and Asia-Pacific, with share about 30% and 26%, separately. In terms of product type, Electric Power Tools is the largest segment, accounting for a share about 73%. In terms of application, Industry is the largest field with a share about 37 percent.

LP Information, Inc. (LPI) ' newest research report, the “Power Tools Industry Forecast” looks at past sales and reviews total world Power Tools sales in 2024, providing a comprehensive analysis by region and market sector of projected Power Tools sales for 2025 through 2031. 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.

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.

Segmentation by Type:
Electric Power Tools
Pneumatic Power Tools
Hydraulic and Other Power Tool

Segmentation by Application:
Residential Applications
Construction
Industrial
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 analysing the company's coverage, product portfolio, its market penetration.
Stanley Black & Decker
TTI
Bosch
Makita
Hilti
HiKOKI
Dongcheng
CHERVON
Snap-on Incorporated
Emerson
Festool
Ingco
Dartek Power Tools
Positec Group
Jiangsu Jinding
ZHEJIANG XINYUAN ELECTRIC
C. & E. Fein
KEN
Zhejiang Boda Industrial

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 by Type, by Application?

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