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Global Power Tools Market, By Product, By Mode of Operation, By Application & By Region - Forecast and Analysis 2022-2028

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    Report

  • 127 Pages
  • August 2022
  • Region: Global
  • SkyQuest Technology Consulting
  • ID: 5648639
Global power tools market was valued at USD 30.78 billion in 2021, and is expected to attain market size of USD 44.18 billion by 2028, at a CAGR of 5.30% over the forecast period 2022-2028.

A power tool is a device or equipment that is powered by an additional mechanism or source. The most frequent source of power for these tools is an electric motor base, however some are gasoline-powered. They are utilized in a variety of applications, including production and assembly lines, maintenance and repair, packing, and do-it-yourself projects. Some of the primary factors driving the growth of the power tools market across various industries include ease of use, improved efficiency of operation, reduced time and labor, and simple mobility.

Power tool use in the automotive and construction industries is predicted to drive demand over the next seven years. These technologies aid in minimizing time spent on redundant chores and improving overall efficiency. Similarly, vehicle manufacturers and automotive repair and maintenance service providers are increasingly utilizing power tools. Drills, sanders, wrenches, and other equipment are in great demand in the worldwide power tools market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Power Tools market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. 

Segments covered in this report

The global Power Tools market is segmented by product, by mode of operation and by application. Based on product, the market is categorized into Drills, Saws, Wrenches, Grinders, Sanders, Others. Based on mode of operation, the market is categorized into Electric, Pneumatic, Others. Based on application, the market is categorized into Residential, Industrial. By region, the global Power Tools market is categorized into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Driver

Automation technologies are being used by major electric power tool manufacturers to handle electric power tools throughout operations. Companies can now track, connect, and adjust their tools on numerous job sites, resulting in increased production with the same electric power tool. Such automation technologies are projected to contribute in the development of the global electric power tools market over the forecast period.

Restraint

Power tools are made from a variety of metals, including steel, zinc, copper, brass, aluminum, and nickel. In addition, batteries, motors, and electronic components are used in their manufacture. As a result, power tool manufacturers rely substantially on a steady supply of raw materials to ensure seamless operation. Furthermore, fluctuating raw material, component, or finished goods prices have a variety of effects on production operations, frequently resulting in delays, inefficiencies, or the inability to meet the needs of the power tools market.

Market Trends

Do-It-Yourself (DIY) projects are becoming increasingly popular in the power tool market. Today, many companies are developing products with additional safety measures to fulfill the needs of customers who are not skilled specialists. Bosh Power Tools, for example, includes Bosch Prevention features like rotary hammer drill rotation control clutches and angle grinder restart protection. These features help to reduce product-related dangers and increase the acceptance of power tools in residential applications.
Frequently Asked Questions about the Global Power Tools Market

What is the estimated value of the Global Power Tools Market?

The Global Power Tools Market was estimated to be valued at $30.78 Billion in 2021.

What is the growth rate of the Global Power Tools Market?

The growth rate of the Global Power Tools Market is 5.3%, with an estimated value of $44.18 Billion by 2028.

What is the forecasted size of the Global Power Tools Market?

The Global Power Tools Market is estimated to be worth $44.18 Billion by 2028.

Who are the key companies in the Global Power Tools Market?

Key companies in the Global Power Tools Market include Apex Tool Group (US), Atlas Copco AB (Sweden), Emerson Electric, Co. (US), Hilti Corporation (Liechtenstein), Ingersoll, Rand PLC (Ireland), Koki Holdings Co., Limited (Japan), Makita Corporation (Japan) and Stanley Black & Decker (US).

Table of Contents

Executive Summary
Market overview
  • Exhibit: Executive Summary - Chart on Market Overview
  • Exhibit: Executive Summary - Data Table on Market Overview
  • Exhibit: Executive Summary - Chart on Global Global Power Tools Market Characteristics
  • Exhibit: Executive Summary - Chart on Market by Geography
  • Exhibit: Executive Summary - Chart on Market Segmentation
  • Exhibit: Executive Summary - Chart on Incremental Growth
  • Exhibit: Executive Summary - Data Table on Incremental Growth
  • Exhibit: Executive Summary - Chart on Vendor Market Positioning
Parent Market AnalysisMarket overview
Market size
  • Market Dynamics
  • Exhibit: Impact analysis of DROC, 2021
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • SWOT Analysis
Key Market Insights
  • Technology Analysis
  • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
  • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
  • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
  • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
  • Exhibit: Parent Market Ecosystem Market Analysis
  • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
  • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
  • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
  • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
  • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
  • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
  • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators
Covid Impact
  • Introduction
  • Impact On Economy-scenario Assessment
  • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
  • Exhibit: Data Table on Global Global Power Tools Market size and forecast 2021-2028 ($ billion)
  • Impact Of COVID On Key Segments
  • Exhibit: Data Table on Segment Market size and forecast 2021-2028 ($ billion)
  • COVID Strategies By Company
  • Exhibit: Analysis on key strategies adopted by companies
Market Dynamics & Outlook
  • Market Dynamics
  • Exhibit: Impact analysis of DROC, 2021
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Regulatory Landscape
  • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
  • Competitive rivalry
  • Exhibit: Competitive rivalry Impact of key factors, 2021
  • Threat of substitute products
  • Exhibit: Threat of Substitute Products Impact of key factors, 2021
  • Bargaining power of buyers
  • Exhibit: buyers bargaining power Impact of key factors, 2021
  • Threat of new entrants
  • Exhibit: Threat of new entrants Impact of key factors, 2021
  • Bargaining power of suppliers
  • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Special insights on future disruptions
  • Political Impact
  • Economic impact
  • Social Impact
  • Technical Impact
  • Environmental Impact
  • Legal Impact
Global Power Tools Market by Product
  • Market segments
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Data table on Market share 2021-2028 (%)
  • Drills
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Saws
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Wrenches
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Grinders
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Sanders
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Others
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
Global Power Tools Market by Mode Of Operation
  • Market segments
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Data table on Market share 2021-2028 (%)
  • Electric
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Pneumatic
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Others
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
Global Power Tools Market by Application
  • Market segments
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Data table on Market share 2021-2028 (%)
  • Residential
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Industrial
  • Market Estimates & Forecast, 2020-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
Market Size by Region
  • Chart on Market share by geography 2021-2028 (%)
  • Data Table on Market share by geography 2021-2028(%)
  • North America
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • USA
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Canada
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Europe
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • Germany
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Spain
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • France
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • UK
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Rest of Europe
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Asia Pacific
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • China
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • India
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Japan
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • South Korea
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Rest of Asia Pacific
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Latin America
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • Brazil
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Rest of South America
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Middle East & Africa (MEA)
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • GCC Countries
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • South Africa
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
  • Rest of MEA
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ billion)
Key Company Profiles
  • Competitive Landscape
  • Total number of companies covered
  • Exhibit: companies covered in the report, 2021
  • Top companies market positioning
  • Exhibit: company positioning matrix, 2021
  • Top companies market Share
  • Exhibit: Pie chart analysis on company market share, 2021(%)
  • Apex Tool Group (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Atlas Copco AB (Sweden)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Emerson Electric, Co.(US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Hilti Corporation (Liechtenstein)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Ingersoll-Rand PLC (Ireland)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Koki Holdings Co., Limited(Japan)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Makita Corporation (Japan)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Robert Bosch (Germany)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Stanley Black & Decker(US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Techtronic Industries (China)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Apex Tool Group (US)
  • Atlas Copco AB (Sweden)
  • Emerson Electric, Co. (US)
  • Hilti Corporation (Liechtenstein)
  • Ingersoll-Rand PLC (Ireland)
  • Koki Holdings Co., Limited (Japan)
  • Makita Corporation (Japan)
  • Robert Bosch (Germany)
  • Stanley Black & Decker (US)
  • Techtronic Industries (China)