Power Tools Market Size, Trends and Insights By Product (Drills, Saws, Wrenches, Grinders, Sanders, Others), By Mode Of Operation (Electric, Pneumatic, Others), By Application (Industrial, Residential), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI23285

Published Date: April 2023

Pages: 220+

Category: Machinery & Equipment

Report Snapshot

CAGR: 7.2%
28.55B
2022
31.78B
2023
54.39B
2030

Source: CMI

Study Period: 2023-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Emerson Electric Co.
  • Hilti Corporation
  • Ingersoll-Rand PLC
  • Koki Holdings Co. Ltd.
  • Makita Corporation
  • Others

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Reports Description

As per the current market research conducted by Custom Market Insight Market Research Team, the global Power Tools market is expected to record a CAGR of 7.2% from 2023 to 2030. In 2023, the market size is projected to reach a valuation of USD 31.78 billion. By 2030, the valuation is anticipated to reach US$ 54.39 billion.

The power tools market refers to the industry that produces and sells electric, battery-operated, and pneumatic tools for various applications such as construction, woodworking, metalworking, gardening, and others. These tools are designed to provide power and convenience to users, enabling them to complete tasks more efficiently and effectively. The power tools market includes a wide range of products, including drills, saws, sanders, grinders, routers, impact wrenches, and many more. The market is driven by factors such as the growth of the construction industry, DIY trends, and technological advancements in power tool design.

Power Tools Market – Significant Growth Factors

The power tools market is experiencing significant growth due to various factors. Some of the significant growth factors driving the power tools market are:

  • Increasing demand from the construction industry: The construction industry is a significant driver of the power tools market. Power tools are widely used in construction activities such as drilling, cutting, grinding, and polishing. The rising demand for power tools in the construction industry is due to their ability to enhance the efficiency and effectiveness of various construction processes.
  • Technological advancements: Advancements in technology have led to the development of more efficient, safe, and user-friendly power tools. Newer technologies such as brushless motors, wireless charging, and smart sensors have significantly improved the performance and functionality of power tools.
  • Growing DIY trends: The growing trend of DIY activities among consumers has led to an increase in demand for power tools. The availability of online tutorials and video guides has made it easier for consumers to undertake DIY projects.
  • Increased adoption of cordless power tools: The demand for cordless power tools is increasing due to their ease of use, portability, and flexibility. Cordless power tools are widely used in outdoor applications such as gardening, landscaping, and construction.
  • The emergence of the automotive industry: The emergence of the automotive industry has led to an increase in demand for power tools. Power tools are used in the manufacturing, repair, and maintenance of automotive components and equipment.
Attributes Value
Power Tools Market Expected Value (2023) USD 31.78 billion
Power Tools Market Forecast Value (2030) US$ 54.39 billion
Power Tools Market Expected CAGR (2023 to 2030) 7.2%

Power Tools Market – Mergers and Acquisitions

The power tools market has witnessed several mergers and acquisitions in recent years. Some notable examples include:

  1. Stanley Black & Decker’s acquisition of the Craftsman brand from Sears Holdings in 2017 for $900 million. This acquisition helped Stanley Black & Decker expand its product portfolio and strengthen its position in the power tools market.
  1. In 2018, Techtronic Industries Co. Ltd. (TTI) acquired the power tools business of the German vacuum cleaner maker Vorwerk & Co. KG. This acquisition helped TTI expand its presence in the European market.
  1. In 2020, Bosch Power Tools acquired the U.S.-based custom tooling and machining company, AMT Machine Systems. This acquisition helped Bosch Power Tools expand its product portfolio and strengthen its position in the North American market.
  1. In 2021, Atlas Copco acquired the German-based company, MEYCO Anlagentechnik GmbH, which specializes in manufacturing and selling equipment for the construction industry. This acquisition helped Atlas Copco strengthen its position in the underground construction market.

These mergers and acquisitions have helped companies to expand their product portfolios, strengthen their positions in regional and international markets, and gain a competitive edge over their rivals.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Power Tools Market Recycled PET Market Smart Polymer Market
CAGR 7.2 % (Approx) CAGR 5.8%

(Approx)

12.53%

(Approx)

US$ 54.39 billion by 2030 USD 12.25 Billion by 2030 USD 10.08 Billion by 2030.

Power Tools Market – Significant Threats

There are several significant threats to the power tools market, including:

  • Increasing competition: The power tools market is highly competitive, with many global and regional players offering a wide range of products. This intense competition can lead to pricing pressures and reduced profit margins.
  • Economic downturns: During economic downturns, consumers and businesses tend to cut back on spending, including on power tools. This can lead to a decline in demand and revenue for power tool manufacturers.
  • Regulatory challenges: Power tools are subject to various regulations and standards related to safety, emissions, and noise levels. Compliance with these regulations can be costly and time-consuming for manufacturers.
  • Counterfeit products: The power tools market is also plagued by counterfeit products, which can not only harm the reputation of legitimate manufacturers but also pose safety risks to consumers.
  • Shift towards electric vehicles: The global trend towards electric vehicles is expected to impact the power tools market as well, as electric vehicles require different types of tools and equipment for maintenance and repair. This could lead to a shift in demand away from traditional power tools towards newer types of equipment.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 31.78 Billion
Projected Market Size in 2030 USD 54.39 Billion
Market Size in 2022 USD  28.55 Billion
CAGR Growth Rate 7.2% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Key Segment By Product, Mode Of Operation, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East &amp, Africa, and South &amp, Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

Product Insights:

The drills segment held the largest market share of 33.52% in 2022 and is expected to maintain its dominance during the forecast period due to its user-friendly nature, affordability, and widespread use in various industries and households for basic repair and maintenance.

The power tools market is categorized into several products, including saws, wrenches, grinders, sanders, and others. The wrenches segment is predicted to grow at a CAGR of 8.5% during the forecast period due to the significant time and manual effort reduction offered by power wrenches compared to traditional ones. Wrenches are widely utilized in production plants, resulting in improved work efficiency. The segment’s growth is also attributed to the increasing automation of production facilities.

The saws segment generated a market value of USD 7,991.7 million in 2022, with the construction industry being a significant consumer of saws for cutting and shaping materials like concrete, metal, and wood. The construction industry’s growth has led to increased demand for saws, and the trend is expected to continue during the forecast period.

The surge in DIY projects has contributed to the rise in demand for sanders. Sanders is used for sanding down surfaces like walls, furniture, and floors, which are common in home renovation and improvement projects. Advancements in sanding technology have made sanders more efficient, versatile, and easier to use. For instance, random orbital sanders can sand in circular patterns, minimizing the risk of leaving scratches or marks on the surface being sanded.

Global Power Tools Market 2023–2030 (By Billion)

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Mode Of Operation Insights:

In 2022, the electric mode of operation category garnered the highest revenue share, comprising approximately 64.35% of the total. This surge in revenue can be attributed to the growing preference for electric power tools, which are lauded for their efficiency, safety, durability, cost-effectiveness, technological advancements, and convenience. With an increasing number of individuals engaging in do-it-yourself (DIY) projects and home improvements, and as the construction and manufacturing sectors continue to expand, the demand for electric power tools is projected to rise continuously.

In 2022, the global market revenue for power tools saw the pneumatic mode of operation accounting for a share of 25.77%. This was driven by the increasing demand for pneumatic power tools due to their versatility, safety, cost-effectiveness, durability, and high power and torque. As the automotive, construction, and manufacturing sectors continue to expand, the market demand for pneumatic power tools is projected to increase steadily.

Meanwhile, the cordless electric mode of operation held a significant market share in 2022 and is expected to dominate the power tools market throughout the forecast period. In response, several power tool manufacturers are modifying their product portfolio to include more cordless power tool offerings for their customers. Additionally, the cordless tools’ ease of use and user-friendly nature makes them suitable for both household and industrial applications.

Power Tools Market – Regional Analysis

The power tools market is analyzed regionally, taking into account factors such as market size, growth potential, and market trends across various regions of the world. The regions typically considered in the analysis include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

  • North America is a significant market for power tools, primarily due to the growth in the construction and automotive industries. The market’s growth is driven by the region’s increasing investment in the construction and manufacturing sectors, coupled with the growth of the DIY culture. The United States is the major contributor to the North American power tools market.
  • In Europe, the market growth is primarily driven by the increasing demand for power tools in the automotive and construction sectors. Germany, France, and the United Kingdom are the major contributors to the European power tools market.
  • The Asia Pacific region is projected to see the highest growth rate during the forecast period, primarily due to the increasing adoption of power tools in the manufacturing, construction, and automotive industries. The presence of several emerging economies such as China, India, and Japan makes the Asia Pacific a major market for power tools.
  • Latin America and the Middle East and Africa are expected to witness significant growth in the power tools market, primarily driven by the increasing investment in the construction and manufacturing sectors. The market’s growth in these regions is driven by the development of infrastructure and the growth of the DIY culture.

Global Power Tools Market 2023–2030 (By Mode Of Operation)

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In conclusion, the power tools market is witnessing growth in all regions of the world, driven by increasing investment in the construction, manufacturing, and automotive industries. While North America and Europe remain significant markets, the Asia Pacific region is projected to see the highest growth rate during the forecast period.

Competitive Landscape – Power Tools Market

The power tools market is highly competitive, with several established players dominating the market. Some of the key players in the market include Emerson Electric, Co.; Hilti Corporation; Ingersoll-Rand PLC; Koki Holdings Co., Ltd.; Makita Corporation; Robert Bosch; Stanley Black & Decker; Techtronic Industries

These companies focus on various strategies such as product innovation, mergers and acquisitions, partnerships, and collaborations to maintain their market position and gain a competitive edge. For instance, in 2021, Stanley Black & Decker launched a new cordless power tool system called STANLEY® VERSASTACK™. Similarly, in 2020, Robert Bosch GmbH launched a new cordless power tool system called the Bosch Professional 18V System.

In addition to established players, several new entrants are also emerging in the power tools market, primarily in developing regions such as the Asia Pacific and the Middle East and Africa. These new entrants are focused on offering cost-effective and innovative power tools to gain market share.

Overall, the power tools market is highly competitive, with established players and new entrants alike focused on innovation and cost-effectiveness to maintain their market position and gain a competitive edge.

Global Power Tools Market 2023–2030 (By Application)

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The Power Tools Market is segmented as follows:

By Product

  • Drills
  • Saws
  • Wrenches
  • Grinders
  • Sanders
  • Others

By Mode Of Operation

  • Electric
  • Pneumatic
  • Others

By Application

  • Industrial
  • Residential

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Power Tools Market, (2023 – 2030) (USD Billion)
    • 2.2 Global Power Tools Market : snapshot
  • Chapter 3. Global Power Tools Market – Industry Analysis
    • 3.1 Power Tools Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing demand from the construction industry
      • 3.2.2 Advancements in technology have led to the development of more efficient, safe and user-friendly power tools
      • 3.2.3 Growing trend of DIY activities among consumers
      • 3.2.4 Increased adoption of cordless power tools
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Mode Of Operation
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Power Tools Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Power Tools Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Power Tools Market – Product Analysis
    • 5.1 Global Power Tools Market overview: By Product
      • 5.1.1 Global Power Tools Market share, By Product, 2022 and 2030
    • 5.2 Drills
      • 5.2.1 Global Power Tools Market by Drills, 2023 – 2030 (USD Billion)
    • 5.3 Saws
      • 5.3.1 Global Power Tools Market by Saws, 2023 – 2030 (USD Billion)
    • 5.4 Wrenches
      • 5.4.1 Global Power Tools Market by Wrenches, 2023 – 2030 (USD Billion)
    • 5.5 Grinders
      • 5.5.1 Global Power Tools Market by Grinders, 2023 – 2030 (USD Billion)
    • 5.6 Sanders
      • 5.6.1 Global Power Tools Market by Sanders, 2023 – 2030 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Power Tools Market by Others, 2023 – 2030 (USD Billion)
  • Chapter 6. Global Power Tools Market – Mode Of Operation Analysis
    • 6.1 Global Power Tools Market overview: By Mode Of Operation
      • 6.1.1 Global Power Tools Market share, By Mode Of Operation, 2022 and 2030
    • 6.2 Electric
      • 6.2.1 Global Power Tools Market by Electric, 2023 – 2030 (USD Billion)
    • 6.3 Pneumatic
      • 6.3.1 Global Power Tools Market by Pneumatic, 2023 – 2030 (USD Billion)
    • 6.4 Others
      • 6.4.1 Global Power Tools Market by Others, 2023 – 2030 (USD Billion)
  • Chapter 7. Global Power Tools Market – Application Analysis
    • 7.1 Global Power Tools Market overview: By Application
      • 7.1.1 Global Power Tools Market share, By Application, 2022 and 2030
    • 7.2 Industrial
      • 7.2.1 Global Power Tools Market by Industrial, 2023 – 2030 (USD Billion)
    • 7.3 Residential
      • 7.3.1 Global Power Tools Market by Residential, 2023 – 2030 (USD Billion)
  • Chapter 8. Power Tool Market – Regional Analysis
    • 8.1 Global Power Tool Market Regional Overview
    • 8.2 Global Power Tool Market Share, by Region, 2022 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Power Tool Market, 2023 – 2030 (USD Billion)
        • 8.3.1.1 North America Power Tool Market, by Country, 2023 – 2030 (USD Billion)
    • 8.4 North America Power Tool Market, by Product, 2023 – 2030
      • 8.4.1 North America Power Tool Market, by Product, 2023 – 2030 (USD Billion)
    • 8.5 North America Power Tool Market, by Mode Of Operation, 2023 – 2030
      • 8.5.1 North America Power Tool Market, by Mode Of Operation, 2023 – 2030 (USD Billion)
    • 8.6 North America Power Tool Market, by Application, 2023 – 2030
      • 8.6.1 North America Power Tool Market, by Application, 2023 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Power Tool Market, 2023 – 2030 (USD Billion)
        • 8.7.1.1 Europe Power Tool Market, by Country, 2023 – 2030 (USD Billion)
    • 8.8 Europe Power Tool Market, by Product, 2023 – 2030
      • 8.8.1 Europe Power Tool Market, by Product, 2023 – 2030 (USD Billion)
    • 8.9 Europe Power Tool Market, by Mode Of Operation, 2023 – 2030
      • 8.9.1 Europe Power Tool Market, by Mode Of Operation, 2023 – 2030 (USD Billion)
    • 8.10 Europe Power Tool Market, by Application, 2023 – 2030
      • 8.10.1 Europe Power Tool Market, by Application, 2023 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Power Tool Market, 2023 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Power Tool Market, by Country, 2023 – 2030 (USD Billion)
    • 8.12 Asia Pacific Power Tool Market, by Product, 2023 – 2030
      • 8.12.1 Asia Pacific Power Tool Market, by Product, 2023 – 2030 (USD Billion)
    • 8.13 Asia Pacific Power Tool Market, by Mode Of Operation, 2023 – 2030
      • 8.13.1 Asia Pacific Power Tool Market, by Mode Of Operation, 2023 – 2030 (USD Billion)
    • 8.14 Asia Pacific Power Tool Market, by Application, 2023 – 2030
      • 8.14.1 Asia Pacific Power Tool Market, by Application, 2023 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Power Tool Market, 2023 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Power Tool Market, by Country, 2023 – 2030 (USD Billion)
    • 8.16 Latin America Power Tool Market, by Product, 2023 – 2030
      • 8.16.1 Latin America Power Tool Market, by Product, 2023 – 2030 (USD Billion)
    • 8.17 Latin America Power Tool Market, by Mode Of Operation, 2023 – 2030
      • 8.17.1 Latin America Power Tool Market, by Mode Of Operation, 2023 – 2030 (USD Billion)
    • 8.18 Latin America Power Tool Market, by Application, 2023 – 2030
      • 8.18.1 Latin America Power Tool Market, by Application, 2023 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Power Tool Market, 2023 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Power Tool Market, by Country, 2023 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Power Tool Market, by Product, 2023 – 2030
      • 8.20.1 The Middle-East and Africa Power Tool Market, by Product, 2023 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Power Tool Market, by Mode Of Operation, 2023 – 2030
      • 8.21.1 The Middle-East and Africa Power Tool Market, by Mode Of Operation, 2023 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Power Tool Market, by Application, 2023 – 2030
      • 8.22.1 The Middle-East and Africa Power Tool Market, by Application, 2023 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Emerson Electric Co.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Hilti Corporation
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Ingersoll-Rand PLC
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Koki Holdings Co. Ltd.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Makita Corporation
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Robert Bosch
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Stanley Black & Decker
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Techtronic Industries
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Emerson Electric Co.
  • Hilti Corporation
  • Ingersoll-Rand PLC
  • Koki Holdings Co. Ltd.
  • Makita Corporation
  • Robert Bosch
  • Stanley Black & Decker
  • Techtronic Industries
  • Others

FAQs

“North America” region will lead the global Power Tools market during the forecast period 2023 to 2030.

The key factors driving the market are Increasing demand from the construction industry, Advancements in technology have led to the development of more efficient, safe, and user-friendly power tools, growing trend of DIY activities among consumers and Increased adoption of cordless power tools.

The key players operating in the Power Tools market are Emerson Electric Co., Hilti Corporation, Ingersoll-Rand PLC, Koki Holdings Co. Ltd., Makita Corporation, Robert Bosch, Stanley Black & Decker, Techtronic Industries.

The global Power Tools market is expanding growth with a CAGR of approximately 7.2% during the forecast period (2023 to 2030).

The global Power Tools market size was valued at USD 31.78 Billion in 2021 and it is projected to reach around USD 54.39 Billion by 2030.

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