Power Tools Market Report 2026

The power tools market size has grown strongly in recent years. It will grow from $43.66 billion in 2025 to $46.81 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing adoption of electric power tools, reliance on pneumatic tools in automotive service, growth in residential repair and renovation, expansion of industrial manufacturing applications, early use of corded tools.

The power tools market size is expected to see strong growth in the next few years. It will grow to $61.87 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing demand for cordless battery-powered tools, rising need for high-efficiency brushless motors, expansion of smart construction technologies, growth in ergonomic tool design, development of connected tool ecosystems. Major trends in the forecast period include adoption of smart energy-efficient power tools, expansion of robotics-enabled construction technologies, development of cloud-connected tool management platforms, advancement of IoT-based safety and monitoring systems, integration of sustainable low-emission tool designs.

The expansion of the industrial sector has been a major driver of the power tools market. The industrial sector includes a broad range of economic activities related to the large-scale production, manufacturing, and processing of goods and services. Growth across various industrial segments, such as automotive, aerospace, and manufacturing, increases the demand for power tools used in production and maintenance operations. For example, in July 2023, according to Eurostat, a UK-based government statistical agency, industrial output in the European area rose by 0.2%. Additionally, a 0.1% increase was reported in the European Union between April and May 2023. Therefore, global growth in the industrial sector is expected to drive the power tools market.

Major companies in the power tools market are introducing innovative products that are compact and battery-powered to enhance tool handling and reduce energy consumption, thereby maintaining their competitive position. Battery-powered equipment refers to tools that operate using batteries as their energy source, enabling them to function without reliance on a power cord. For instance, in January 2023, Hilti Corporation, a Liechtenstein-based construction and building maintenance equipment manufacturer, announced the addition of more than 30 new NCV 10-22 cordless tools to its Nuron battery-powered lineup used in commercial construction. The new tools include the NCV 10-22 ultimate concrete vibrator, the NCV 4-22 pencil concrete vibrator, the SB 6-22 wide-mouth cordless band saw, and the DSH 700-22 rear-handle cordless cut-off saw.

In March 2023, Andreas STIHL AG & Co. KG, a Germany-based provider of garden and power tools such as chainsaws, trimmers, blowers, and cordless electric tools, acquired Mogatec GmbH for an undisclosed amount. With this acquisition, STIHL aimed to expand its manufacturing capabilities and strengthen its expertise in cordless and electric power tools to meet the growing global demand for battery-powered equipment. Mogatec GmbH is a Germany-based manufacturer of garden and power tools, specializing in designing and producing hedge trimmers, grass trimmers, chainsaws, and components for leading power tool brands.

Major companies operating in the power tools market are Stanley Black & Decker Inc., Robert Bosch GmbH, Techtronic Industries Co. Ltd., Makita Corporation, Hilti Corporation, Ingersoll Rand Inc., Snap-on Incorporated, Apex Tool Group Corp., Hitachi Koki Ltd., Enerpac Tool Group Corp., Husqvarna AB, Ridgid Tools Company, Andreas Stihl AG & CO. KG, YAMABIKO Corporation, Dynabrade Power Tools Pvt. Ltd., Delta Machinery Corp., Chervon Corp., Diamond Products Ltd., Einhell Germany AG, Festool Group GmbH & Co. KG, Metabo Power Tools SA Ltd., Positec Technology Co. Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the power tools market by raising the cost of imported motors, batteries, electronic components, and steel housings essential for producing electric, pneumatic, and fuel-driven tools. Construction, automotive, and industrial sectors in North America and Europe are most affected due to dependence on globally integrated supply chains. Nevertheless, tariffs are encouraging regional tool assembly, diversification of material sourcing, and innovation in durable, energy-efficient designs to enhance long-term market stability and competitiveness.

The power tools market research report is one of a series of new reports that provides power tools market statistics, including power tools industry global market size, regional shares, competitors with a power tools market share, detailed power tools market segments, market trends and opportunities and any further data you may need to thrive in the power tools industry. This power tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Power tools are employed to accelerate the completion of tasks that would otherwise take much longer using traditional tools. These tools encompass a variety of energy-efficient devices powered by electricity, internal combustion, and compressed air. Any equipment propelled by a source other than the human body is categorized as a power tool, with the most common power sources being electric motors and, in some cases, gasoline.

The primary types of power tools include drilling and fastening tools, demolition tools, routing tools, sawing tools, cutting tools, material removal tools, and other tool types. Drilling and fastening tools are utilized to create holes of varying sizes in a given task. Drilling, often performed with a drilling machine, is a metal removal technique. Operations such as drilling, reaming, and boring can be accomplished using these tools. Power tools operate through various modes, including electric, pneumatic, and others, and are distributed through online and offline channels. These tools find applications in diverse industries such as construction, automotive, aerospace, energy, electronics, and others.Asia-Pacific was the largest region in the power tools market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power tools market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The power tools market consists of sales of demolition hammers, chopsaws, angle grinders, miter Saw. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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