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Fastening Power Tools - Global Market Trajectory & Analytics

  • ID: 5140827
  • Report
  • April 2021
  • Region: Global
  • 384 pages
  • Global Industry Analysts, Inc
Global Fastening Power Tools Market to Reach $3.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Fastening Power Tools estimated at US$2.6 Billion in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Rebar Tier, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Corrugated Fasteners segment is readjusted to a revised 6.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $703.6 Million, While China is Forecast to Grow at 8.7% CAGR

The Fastening Power Tools market in the U.S. is estimated at US$703.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$809.3 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Nailer Machine Segment to Record 5.4% CAGR

In the global Nailer Machine segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$331 Million in the year 2020 will reach a projected size of US$464.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$515.9 Million by the year 2027, while Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • Aimco Global
  • C. & E. FEIN GmbH
  • DeWALT
  • Hilti Corporation
  • Hitachi Koki Co., Ltd.
  • Makita Corporation
  • MAX Co., Ltd.
  • Sumake Industrial Co., Ltd.
  • Techtronic Industries Co., Ltd.
  • Wacker Neuson SE
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession

  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown