Global Power Tools Market Size, Trends, and Growth Opportunity by Tools, Mode of Operation, Application, and Region and Forecast to 2027

Global Power Tools Market

The global power tools market was valued at USD 26.64 billion in 2021 and is expected to reach USD 35.14 billion by 2027 at a CAGR of 4.72% from 2022-2027.

The power tool is equipment that is actuated by an additional power source like an electric motor, compressed air, or IC engines. These tools are used for various applications in shipbuilding, construction, the automotive industry, and energy. Also, power tools have commercial as well as industrial applications like cutting, shaping, sanding, drilling, routing, painting, polishing, heating, etc. Power tools are available in various forms, such as demolition tools, routing tools, material removal tools, sawing and cutting tools, and drilling and fastening/driving tools.

Market Drivers

increase in adoption of DIY techniques and investments in infrastructural developments, which are expected to boost the global power tool industry. Also, increase in disposable income of people will have the positive impact on global power tools market growth. Furthermore, continuous progressions in the power tools industry by key competitors which are expected to propel the growth of power tools industry. For instance, in February 2019, Global Cents launched the next generation of power tools for OpenText. The OpenText Suite platform allows customers to digitally sign documents by using industry-standard services like DocuSign.

Market Restraints

However, high maintenance costs and raw material price fluctuations are the restraining factors expected to hamper the global power tool market's growth.

Market Segmentation

The global power tools market is segmented by tool type, such as demolition tools, routing tools, material removal tools, sawing and cutting tools, drilling and fastening/driving tools, and others, and by mode of operation, such as electric, pneumatic, and others. Further, the global power tools market is segmented by application, such as residential and industrial/professional.

Regional Analysis

The global power tools Market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Due to the constant demand for highly effective and affordable power tools by a wide range of industry verticals, the Asia-Pacific region dominates the global market for power tools in terms of revenue and market share. Additionally, there are more and more government efforts aimed at enhancing the region's industrial manufacturing facilities and infrastructure development.

Market Key Players

Various key players are discussed in this report, such as KOKI Holdings, Snap-On, Ingersoll-Rand, Atlas Copco, Hilti, Makita, Techtronic Industries (TTI), Bosch, and Stanley Black & Decker.

Market Taxonomy

By Tool

Demolition Tools
Routing Tools
Material removal tools
Sawing and cutting tools
Drilling and fastening/driving tools
Others

By Mode of Operation

Electric
Pneumatic
Others

By Application

Residential
Industrial/Professional

By Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope

2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources

3 Executive Summary

4 Global Power Tools Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 Global Power Tools Market, By Tool
5.1 Y-o-Y Growth Comparison, By Tool
5.2 Global Power Tools Market Share Analysis, By Tool
5.3 Global Power Tools Market Size and Forecast, By Tool
5.3.1 Demolition Tools
5.3.2 Routing Tools
5.3.3 Material Removal Tools
5.3.4 Sawing and Cutting Tools
5.3.5 Drilling and Fastening/Driving Tools
5.3.6 Others

6 Global Power Tools Market, By Mode of Operation
6.1 Y-o-Y Growth Comparison, By Mode of Operation
6.2 Global Power Tools Market Share Analysis, By Mode of Operation
6.3 Global Power Tools Market Size and Forecast, By Mode of Operation
6.3.1 Electric
6.3.2 Pneumatic
6.3.3 Others

7 Global Power Tools Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Power Tools Market Share Analysis, By Application
7.3 Global Power Tools Market Size and Forecast, By Application
7.3.1 Residential
7.3.2 Industrial/Professional

8 Global Power Tools Market, By Region
8.1 Global Power Tools Market Share Analysis, By Region
8.2 Global Power Tools Market Share Analysis, By Region
8.3 Global Power Tools Market Size and Forecast, By Region

9 North America Power Tools Market Analysis and Forecast (2022 - 2027)
9.1 Introduction
9.2 North America Power Tools Market Share Analysis, By Tool
9.3 North America Power Tools Market Size and Forecast, By Mode of Operation
9.4 North America Power Tools Market Size and Forecast, By Application
9.5 North America Power Tools Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico

10 Europe Power Tools Market Analysis and Forecast (2022 - 2027)
10.1 Introduction
10.2 Europe Power Tools Market Share Analysis, By Tool
10.3 Europe Power Tools Market Size and Forecast, By Mode of Operation
10.4 Europe Power Tools Market Size and Forecast, By Application
10.5 Europe Power Tools Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe

11 Asia Pacific Power Tools Market Analysis and Forecast (2022 - 2027)
11.1 Introduction
11.2 Asia Pacific Power Tools Market Share Analysis, By Tool
11.3 Asia Pacific Power Tools Market Size and Forecast, By Mode of Operation
11.4 Asia Pacific Power Tools Market Size and Forecast, By Application
11.5 Asia Pacific Power Tools Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific

12 Latin America Power Tools Market Analysis and Forecast (2022 - 2027)
12.1 Introduction
12.2 Latin America Power Tools Market Share Analysis, By Tool
12.3 Latin America Power Tools Market Size and Forecast, By Mode of Operation
12.4 Latin America Power Tools Market Size and Forecast, By Application
12.5 Latin America Power Tools Market Size and Forecast, Country

13 Middle East Power Tools Market Analysis and Forecast (2022 - 2027)
13.1 Introduction
13.2 Middle East Power Tools Market Share Analysis, By Tool
13.3 Middle East Power Tools Market Size and Forecast, By Mode of Operation
13.4 Middle East Power Tools Market Size and Forecast, By Application
13.5 Middle East Power Tools Market Size and Forecast, By Country

14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies

15 Company Profiles
15.1 KOKI Holdings
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Snap-On
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Ingersoll-Rand
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Atlas Copco
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Hilti
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Makita
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Techtronic Industries (TTI)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Bosch
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Stanley Black & Decker
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies