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Electric Power Tools Market By Tools, By Motor type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 300 Pages
  • August 2022
  • Region: Global
  • Allied Market Research
  • ID: 5031483
The global electric power tools market was valued at $70,164.7 million in 2021, and is projected to reach $124,425.37 million by 2031, registering a CAGR of 5.7% from 2022 to 2031. Electric power tools offer a diversified portfolio that could be used for any construction, manufacturing and material modification activity. In addition, the advancements in technology of electric power tools help in saving time of operation. Thus, this makes these tools suitable for applications in professional, residential and commercial establishments. These tools are available in corded and cordless platforms with varied power capacities. Initially, electric power tools were intended for small jobs, however, improved mechanisms and batteries have improved the functionality & penetration of use for large scale jobs. Further, electric power tools can be used for drilling, sawing, planning, cutting (metal, soft materials, wood, and others), grinding, compacting, hammering, and various other operations. Moreover lawn mowers that are used to cut and trim grass are also included in the scope as a customized part.

Surge in use of efficient power tools for various operations required during construction has led to increased penetration of electric power tools. Different operations such as cutting, chopping, drilling, hammering, and grinding can be easily completed with efficiency and ease with the usage of electric power tools. Thus, growth in adoption of electric power tools in the construction industry is expected to drive the growth of the electric power tools market. Moreover, the requirement of heavy-duty electric power tools has led to constant product development in terms of batteries, motors, and other technologies.

The surge in use of the technology has led to the integration of brushless motors in the electric power tools that led to the development in the electric power tools industry. Although brushless motor technology is not new, the adoption of brushless DC motors in both corded and cordless power tools has upgraded their capabilities to a large extent. Hence, the integration of brushless DC motors (BLDC) in electric power tools has revolutionized the electric power tools industry; thereby, propelling the growth of the electric power tools market. Furthermore, growth in popularity of cordless electric power tools, owing to its application in various remote locations, effortlessness of use, and portability are some of the factors that fuel the adoption of cordless tools. This increased adoption drives the growth of the overall electric power tools market globally.

Conversely, the high costs of manufacturing and maintaining the electric power tools are major restraining factors for the growth of the electric power tools market. The pneumatic power tools have been popular for a long time, owing to their high productive capacities and comparative lower costs than the electric counterparts. This is likely to negatively affect the growth of the electric power tools market.

The introduction of the automation technologies for controlling the operations performed by electric power tools has made it feasible for the operators to track, connect, and customize their tools on multiple jobsites and hence, attain more productivity through the same electric power tool. Such automation technologies are likely to assist in creating opportunities for the growth of electric power tools market during the forecast period. The electric power tools market is segmented on the basis of tool, motor type, application and region. By tool, the market is divided into drills, impact wrenches, hammers, saws, lawn mowers, vacuum cleaners and others. By motor type, the market is divided into brushed and brushless. By application, the market is divided into industrial and DIY.

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The major players profiled in the electric power tools market include Apex Tool Group, Atlas Copco AB, C&E Fein GmbH, Hilti Corporation, Ingersoll Rand Inc., Koki Holding, Co., Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc., Snap-on Incorporated and Techtronic Industries Co., Ltd. Major companies in the market have adopted product launch, business expansion, agreement and acquisition as their key developmental strategies to offer better products and services to customers in the electric power tools market.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric power tools market analysis from 2021 to 2031 to identify the prevailing electric power tools market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the electric power tools market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global electric power tools market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Tools

  • Drills
  • Power input
  • Corded
  • Cordless
  • Impact wrenches
  • Power input
  • Corded
  • Cordless
  • Hammers
  • Power input
  • Corded
  • Cordless
  • Saws
  • Power input
  • Corded
  • Cordless
  • Lawn Mowers
  • Power input
  • Corded
  • Cordless
  • Vacuum cleaners
  • Power input
  • Corded
  • Cordless
  • Others
  • Power input
  • Corded
  • Cordless

By Motor type

  • Brushed
  • Brushless

By Application

  • Industrial
  • DIY

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Middle East
  • Africa
  • Latin America

Key Market Players

  • Apex Tool Group, LLC
  • Atlas Copco AB
  • C&E Fein GmbH
  • Hilti Corporation
  • Ingersoll Rand Inc.
  • Koki Holding, Co., Ltd.
  • Makita Corporation
  • Robert Bosch GmbH
  • Stanley Black & Decker Inc.
  • Snap-On Incorporated
  • Techtronic Industries Co., Ltd

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market

CHAPTER 4: ELECTRIC POWER TOOLS MARKET, BY TOOLS
4.1 Overview
4.1.1 Market size and forecast
4.2 Drills
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Drills Electric Power Tools Market by Power input
4.2.4.1 Corded Market size and forecast, by region
4.2.4.2 Cordless Market size and forecast, by region
4.3 Impact wrenches
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.3.4 Impact wrenches Electric Power Tools Market by Power input
4.3.4.1 Corded Market size and forecast, by region
4.3.4.2 Cordless Market size and forecast, by region
4.4 Hammers
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.4.4 Hammers Electric Power Tools Market by Power input
4.4.4.1 Corded Market size and forecast, by region
4.4.4.2 Cordless Market size and forecast, by region
4.5 Saws
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.5.4 Saws Electric Power Tools Market by Power input
4.5.4.1 Corded Market size and forecast, by region
4.5.4.2 Cordless Market size and forecast, by region
4.6 Lawn Mowers
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.6.4 Lawn Mowers Electric Power Tools Market by Power input
4.6.4.1 Corded Market size and forecast, by region
4.6.4.2 Cordless Market size and forecast, by region
4.7 Vacuum cleaners
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.7.4 Vacuum cleaners Electric Power Tools Market by Power input
4.7.4.1 Corded Market size and forecast, by region
4.7.4.2 Cordless Market size and forecast, by region
4.8 Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
4.8.4 Others Electric Power Tools Market by Power input
4.8.4.1 Corded Market size and forecast, by region
4.8.4.2 Cordless Market size and forecast, by region

CHAPTER 5: ELECTRIC POWER TOOLS MARKET, BY MOTOR TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Brushed
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Brushless
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: ELECTRIC POWER TOOLS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Industrial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 DIY
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: ELECTRIC POWER TOOLS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Tools
7.2.2.1 North America Drills Electric Power Tools Market by Power input
7.2.2.2 North America Impact wrenches Electric Power Tools Market by Power input
7.2.2.3 North America Hammers Electric Power Tools Market by Power input
7.2.2.4 North America Saws Electric Power Tools Market by Power input
7.2.2.5 North America Lawn Mowers Electric Power Tools Market by Power input
7.2.2.6 North America Vacuum cleaners Electric Power Tools Market by Power input
7.2.2.7 North America Others Electric Power Tools Market by Power input
7.2.3 North America Market size and forecast, by Motor type
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Tools
7.2.5.1.2 Market size and forecast, by Motor type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Tools
7.2.5.2.2 Market size and forecast, by Motor type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Tools
7.2.5.3.2 Market size and forecast, by Motor type
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Tools
7.3.2.1 Europe Drills Electric Power Tools Market by Power input
7.3.2.2 Europe Impact wrenches Electric Power Tools Market by Power input
7.3.2.3 Europe Hammers Electric Power Tools Market by Power input
7.3.2.4 Europe Saws Electric Power Tools Market by Power input
7.3.2.5 Europe Lawn Mowers Electric Power Tools Market by Power input
7.3.2.6 Europe Vacuum cleaners Electric Power Tools Market by Power input
7.3.2.7 Europe Others Electric Power Tools Market by Power input
7.3.3 Europe Market size and forecast, by Motor type
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Tools
7.3.5.1.2 Market size and forecast, by Motor type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Tools
7.3.5.2.2 Market size and forecast, by Motor type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Tools
7.3.5.3.2 Market size and forecast, by Motor type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Tools
7.3.5.4.2 Market size and forecast, by Motor type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Tools
7.3.5.5.2 Market size and forecast, by Motor type
7.3.5.5.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Tools
7.4.2.1 Asia-Pacific Drills Electric Power Tools Market by Power input
7.4.2.2 Asia-Pacific Impact wrenches Electric Power Tools Market by Power input
7.4.2.3 Asia-Pacific Hammers Electric Power Tools Market by Power input
7.4.2.4 Asia-Pacific Saws Electric Power Tools Market by Power input
7.4.2.5 Asia-Pacific Lawn Mowers Electric Power Tools Market by Power input
7.4.2.6 Asia-Pacific Vacuum cleaners Electric Power Tools Market by Power input
7.4.2.7 Asia-Pacific Others Electric Power Tools Market by Power input
7.4.3 Asia-Pacific Market size and forecast, by Motor type
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Tools
7.4.5.1.2 Market size and forecast, by Motor type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Tools
7.4.5.2.2 Market size and forecast, by Motor type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Tools
7.4.5.3.2 Market size and forecast, by Motor type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Tools
7.4.5.4.2 Market size and forecast, by Motor type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Tools
7.4.5.5.2 Market size and forecast, by Motor type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Tools
7.4.5.6.2 Market size and forecast, by Motor type
7.4.5.6.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Tools
7.5.2.1 LAMEA Drills Electric Power Tools Market by Power input
7.5.2.2 LAMEA Impact wrenches Electric Power Tools Market by Power input
7.5.2.3 LAMEA Hammers Electric Power Tools Market by Power input
7.5.2.4 LAMEA Saws Electric Power Tools Market by Power input
7.5.2.5 LAMEA Lawn Mowers Electric Power Tools Market by Power input
7.5.2.6 LAMEA Vacuum cleaners Electric Power Tools Market by Power input
7.5.2.7 LAMEA Others Electric Power Tools Market by Power input
7.5.3 LAMEA Market size and forecast, by Motor type
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Tools
7.5.5.1.2 Market size and forecast, by Motor type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Tools
7.5.5.2.2 Market size and forecast, by Motor type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Tools
7.5.5.3.2 Market size and forecast, by Motor type
7.5.5.3.3 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Apex Tool Group, LLC
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Atlas Copco AB
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 C&E Fein GmbH
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Hilti Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Ingersoll Rand Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Koki Holding, Co., Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Makita Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Robert Bosch GmbH
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Stanley Black & Decker Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Snap-On Incorporated
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Techtronic Industries Co., Ltd
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments

List of Tables
Table 1. Global Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 2. Solar Tracker Market, for Single Axis Tracker, by Region, 2021-2031 ($Million)
Table 3. Solar Tracker Market for Single Axis Tracker, by Country, 2021-2031 ($Million)
Table 4. Solar Tracker Market, for Double Axis Tracker, by Region, 2021-2031 ($Million)
Table 5. Solar Tracker Market for Double Axis Tracker, by Country, 2021-2031 ($Million)
Table 6. Global Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 7. Solar Tracker Market, for Photovoltaic, by Region, 2021-2031 ($Million)
Table 8. Solar Tracker Market for Photovoltaic, by Country, 2021-2031 ($Million)
Table 9. Solar Tracker Market, for Concentrated Solar Tracker, by Region, 2021-2031 ($Million)
Table 10. Solar Tracker Market for Concentrated Solar Tracker, by Country, 2021-2031 ($Million)
Table 11. Global Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 12. Solar Tracker Market, for Residential, by Region, 2021-2031 ($Million)
Table 13. Solar Tracker Market for Residential, by Country, 2021-2031 ($Million)
Table 14. Solar Tracker Market, for Commercial, by Region, 2021-2031 ($Million)
Table 15. Solar Tracker Market for Commercial, by Country, 2021-2031 ($Million)
Table 16. Solar Tracker Market, for Utility, by Region, 2021-2031 ($Million)
Table 17. Solar Tracker Market for Utility, by Country, 2021-2031 ($Million)
Table 18. Solar Tracker Market, by Region, 2021-2031 ($Million)
Table 19. North America Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 20. North America Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 21. North America Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 22. North America Solar Tracker Market, by Country, 2021-2031 ($Million)
Table 23. U.S. Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 24. U.S. Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 25. U.S. Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 26. Canada Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 27. Canada Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 28. Canada Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 29. Mexico Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 30. Mexico Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 31. Mexico Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 32. Europe Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 33. Europe Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 34. Europe Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 35. Europe Solar Tracker Market, by Country, 2021-2031 ($Million)
Table 36. Germany Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 37. Germany Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 38. Germany Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 39. Italy Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 40. Italy Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 41. Italy Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 42. UK Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 43. UK Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 44. UK Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 45. Spain Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 46. Spain Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 47. Spain Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 48. France Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 49. France Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 50. France Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 51. Rest of Europe Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 52. Rest of Europe Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 53. Rest of Europe Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 54. Asia-Pacific Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 55. Asia-Pacific Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 56. Asia-Pacific Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 57. Asia-Pacific Solar Tracker Market, by Country, 2021-2031 ($Million)
Table 58. China Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 59. China Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 60. China Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 61. Japan Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 62. Japan Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 63. Japan Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 64. India Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 65. India Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 66. India Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 67. South Korea Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 68. South Korea Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 69. South Korea Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 70. Australia Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 71. Australia Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 72. Australia Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 73. Rest of Asia-Pacific Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 74. Rest of Asia-Pacific Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 75. Rest of Asia-Pacific Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 76. LAMEA Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 77. LAMEA Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 78. LAMEA Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 79. LAMEA Solar Tracker Market, by Country, 2021-2031 ($Million)
Table 80. Brazil Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 81. Brazil Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 82. Brazil Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 83. South Africa, Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 84. South Africa, Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 85. South Africa, Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 86. Saudi Arabia Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 87. Saudi Arabia Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 88. Saudi Arabia Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 89. Rest of LAMEA Solar Tracker Market, by Type, 2021-2031 ($Million)
Table 90. Rest of LAMEA Solar Tracker Market, by Technology, 2021-2031 ($Million)
Table 91. Rest of LAMEA Solar Tracker Market, by Application, 2021-2031 ($Million)
Table 92. Nextracker, Inc.: Company Snapshot
Table 93. Nextracker, Inc.: Operating Segments
Table 94. Nextracker, Inc.: Product Portfolio
Table 95. Nextracker, Inc.: Net Sales
Table 96. Nextracker, Inc.: Key Stratergies
Table 97. Array Technologies, Inc.: Company Snapshot
Table 98. Array Technologies, Inc.: Operating Segments
Table 99. Array Technologies, Inc.: Product Portfolio
Table 100. Array Technologies, Inc.: Net Sales
Table 101. Array Technologies, Inc.: Key Stratergies
Table 102. Pvhardware: Company Snapshot
Table 103. Pvhardware: Operating Segments
Table 104. Pvhardware: Product Portfolio
Table 105. Pvhardware: Net Sales
Table 106. Pvhardware: Key Stratergies
Table 107. Arctech Solar: Company Snapshot
Table 108. Arctech Solar: Operating Segments
Table 109. Arctech Solar: Product Portfolio
Table 110. Arctech Solar: Net Sales
Table 111. Arctech Solar: Key Stratergies
Table 112. Nclave Renewable: Company Snapshot
Table 113. Nclave Renewable: Operating Segments
Table 114. Nclave Renewable: Product Portfolio
Table 115. Nclave Renewable: Net Sales
Table 116. Nclave Renewable: Key Stratergies
Table 117. Convert Italia: Company Snapshot
Table 118. Convert Italia: Operating Segments
Table 119. Convert Italia: Product Portfolio
Table 120. Convert Italia: Net Sales
Table 121. Convert Italia: Key Stratergies
Table 122. Sti Norland: Company Snapshot
Table 123. Sti Norland: Operating Segments
Table 124. Sti Norland: Product Portfolio
Table 125. Sti Norland: Net Sales
Table 126. Sti Norland: Key Stratergies
Table 127. Sti Norland.: Company Snapshot
Table 128. Sti Norland.: Operating Segments
Table 129. Sti Norland.: Product Portfolio
Table 130. Sti Norland.: Net Sales
Table 131. Sti Norland.: Key Stratergies
Table 132. Gonvarri Steel Services: Company Snapshot
Table 133. Gonvarri Steel Services: Operating Segments
Table 134. Gonvarri Steel Services: Product Portfolio
Table 135. Gonvarri Steel Services: Net Sales
Table 136. Gonvarri Steel Services: Key Stratergies
Table 137. Gamechange Solar: Company Snapshot
Table 138. Gamechange Solar: Operating Segments
Table 139. Gamechange Solar: Product Portfolio
Table 140. Gamechange Solar: Net Sales
Table 141. Gamechange Solar: Key Stratergies

List of Figures
Figure 1. Electric Power Tools Market Segmentation
Figure 2. Electric Power Tools Market,2021-2031
Figure 3. Electric Power Tools Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Electric Power Tools Market:Drivers, Restraints and Opportunities
Figure 12. Electric Power Tools Market,By Tools,2021(%)
Figure 13. Comparative Share Analysis of Drills Electric Power Tools Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Impact Wrenches Electric Power Tools Market,2021-2031(%)
Figure 15. Comparative Share Analysis of Hammers Electric Power Tools Market,2021-2031(%)
Figure 16. Comparative Share Analysis of Saws Electric Power Tools Market,2021-2031(%)
Figure 17. Comparative Share Analysis of Lawn Mowers Electric Power Tools Market,2021-2031(%)
Figure 18. Comparative Share Analysis of Vacuum Cleaners Electric Power Tools Market,2021-2031(%)
Figure 19. Comparative Share Analysis of Others Electric Power Tools Market,2021-2031(%)
Figure 20. Electric Power Tools Market,By Motor Type,2021(%)
Figure 21. Comparative Share Analysis of Brushed Electric Power Tools Market,2021-2031(%)
Figure 22. Comparative Share Analysis of Brushless Electric Power Tools Market,2021-2031(%)
Figure 23. Electric Power Tools Market,By Application,2021(%)
Figure 24. Comparative Share Analysis of Industrial Electric Power Tools Market,2021-2031(%)
Figure 25. Comparative Share Analysis of DIY Electric Power Tools Market,2021-2031(%)
Figure 26. Electric Power Tools Market by Region,2021
Figure 27. U.S. Electric Power Tools Market,2021-2031($Million)
Figure 28. Canada Electric Power Tools Market,2021-2031($Million)
Figure 29. Mexico Electric Power Tools Market,2021-2031($Million)
Figure 30. Germany Electric Power Tools Market,2021-2031($Million)
Figure 31. Uk Electric Power Tools Market,2021-2031($Million)
Figure 32. France Electric Power Tools Market,2021-2031($Million)
Figure 33. Italy Electric Power Tools Market,2021-2031($Million)
Figure 34. Rest of Europe Electric Power Tools Market,2021-2031($Million)
Figure 35. China Electric Power Tools Market,2021-2031($Million)
Figure 36. Japan Electric Power Tools Market,2021-2031($Million)
Figure 37. South Korea Electric Power Tools Market,2021-2031($Million)
Figure 38. India Electric Power Tools Market,2021-2031($Million)
Figure 39. Australia Electric Power Tools Market,2021-2031($Million)
Figure 40. Rest of Asia-Pacific Electric Power Tools Market,2021-2031($Million)
Figure 41. Latin America Electric Power Tools Market,2021-2031($Million)
Figure 42. Middle East Electric Power Tools Market,2021-2031($Million)
Figure 43. Africa Electric Power Tools Market,2021-2031($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap of Top 10 Key Players
Figure 50. Apex Tool Group, LLC.: Net Sales ,($Million)
Figure 51. Atlas Copco Ab.: Net Sales ,($Million)
Figure 52. C&E Fein GmbH.: Net Sales ,($Million)
Figure 53. Hilti Corporation.: Net Sales ,($Million)
Figure 54. Ingersoll Rand Inc..: Net Sales ,($Million)
Figure 55. Koki Holding, Co. Ltd..: Net Sales ,($Million)
Figure 56. Makita Corporation.: Net Sales ,($Million)
Figure 57. Robert Bosch GmbH.: Net Sales ,($Million)
Figure 58. Stanley Black & Decker Inc..: Net Sales ,($Million)
Figure 59. Snap-On Incorporated.: Net Sales ,($Million)
Figure 60. Techtronic Industries Co. Ltd.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Electric Power Tools Market," the electric power tools market size was valued at $70.2 billion in 2021, and is estimated to reach $124.4 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031. Surge in adoption of electric power tools in the construction industry is one of the major factor driving the growth of the global market.

In addition, growth in popularity of cordless power tools and integration of brushless motors in electrically powered tools drive the growth of the market. However, high initial costs of the electric power tools in comparison with the pneumatic power tools are expected to hamper the electric power tools market growth to a certain extent.

The power tools find its applications for the construction applications; hence, the introduction of electric power tools has benefitted the construction industry, by providing features such as portability, usability in remote locations, and high productivity. Thus, the adoption of electric power tools has grown significantly, which boosts the electric power tools market share.

Moreover, use of brushless motors for the electric power tools has enhanced the productivity of electric power tools to a high extent. Brushless motors eliminate the generation of friction; thereby, providing more power in same input voltage. This ultimately improves the performance of electric power tool. As a result, the introduction of brushless motors in electric power tools has propelled the use of electric power tools for professional heavy-duty operations; thereby, driving the growth of the electric power tools market globally. In addition, the efficiencies are improved considerably, in terms of life as well as power outputs, owing to constant technological advancements.

This is a major advantage of the use of cordless power tools in remote areas where constant power supply may not be available. In addition, the cordless power tools offer built-in batteries that eliminate the need of carrying extra baggage of compressed air or fuel tanks when compared to pneumatic and fuel powered tools. Hence, growth in popularity of cordless power tools drives the electric power tools market.

On the contrary, high initial prices of electric power tools are likely to restrain the market growth. The brushless motors and high capacity batteries surge the manufacturing costs of the overall electric power tools; thereby, hampering the electric power tools industry growth.

The electric power tools market is segmented on the basis of, tool, motor type, application and region. By tool, the market is divided into drills, impact wrenches, hammers, saws, lawn mowers, vacuum cleaners and others. By motor type, the market is divided into brushed and brushless. By application, the market is divided into industrial and DIY. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The major players profiled in the electric power tools market overview include Apex Tool Group, Atlas Copco AB, C&E Fein GmbH, Hilti Corporation, Ingersoll Rand Inc., Koki Holding, Co., Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc., Snap-on Incorporated and Techtronic Industries Co., Ltd. Major companies in the market have adopted product launch, business expansion, agreement and acquisition as their key developmental strategies to offer better products and services to customers in the market.

Key Findings of the Study

  • The report provides an extensive analysis of the current and emerging global electric power tools market trends and dynamics.
  • By tool, the lawn mowers segment was the largest revenue generator in 2021.
  • By motor type, the brushless segment generated the highest revenue in 2021.
  • By application, the industrial segment generated the highest revenue in 2021.
  • Region wise, North America is anticipated to dominate the global electric power tools market throughout the study period.
  • The report provides an extensive electric power tools market anlaysis.
  • The global electric power tools market forecast analysis from 2022 to 2031 is included in the report.

Companies Mentioned

  • Apex Tool Group, LLC
  • Atlas Copco Ab
  • C&E Fein GmbH
  • Hilti Corporation
  • Ingersoll Rand Inc.
  • Koki Holding, Co. Ltd.
  • Makita Corporation
  • Robert Bosch GmbH
  • Stanley Black & Decker Inc.
  • Snap-On Incorporated
  • Techtronic Industries Co. Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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