Power Tool Accessories Market Report 2026

The power tool accessories market size has grown strongly in recent years. It will grow from $2.17 billion in 2025 to $2.29 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth in construction and infrastructure projects, expansion of manufacturing activities, increasing use of power tools in workshops, demand for improved job efficiency, rising adoption of diy home improvement.

The power tool accessories market size is expected to see strong growth in the next few years. It will grow to $2.87 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to growth in electric vehicle manufacturing, rising renovation and remodeling activities, demand for precision and finishing tools, expansion of industrial automation, increasing preference for cordless power tools. Major trends in the forecast period include growing demand for high-performance cutting and drilling accessories, rising adoption of durable and long-life tool attachments, increased use of precision accessories for specialized applications, expansion of compatibility across multiple power tool platforms, focus on enhanced safety and reduced vibration accessories.

The rise in construction and renovation activities is expected to drive the growth of the power tool accessories market going forward. The increase in construction and renovation activities is fueled by expanding urbanization, a growing population, and the demand for infrastructure development, supported by government initiatives, investments in smart city projects, and advancements in construction technologies. Power tool accessories play a crucial role in construction tasks such as cutting, grinding, drilling, and fastening, improving efficiency and precision across building and renovation projects. For example, in June 2025, according to Eurostat, a Luxembourg-based statistical office of the European Union, construction production in April 2025 increased by 3% in the euro area and by 2.5% in the EU compared to April 2024. Therefore, the rise in construction and renovation activities is propelling the power tool accessories market.

Major companies in the power tool accessories market are focusing on developing advanced solutions, such as brushless motors, to improve tool performance, extend durability, and reduce maintenance needs. Brushless motors are a technological advancement that removes brushes from the motor, enabling longer runtime, efficient power usage, and reduced wear, allowing professionals to achieve precise and reliable outcomes. For instance, in January 2024, Bosch Power Tools, a Germany-based engineering company, expanded its cordless 18 V platform by introducing several new brushless-motor tools and accessories for cutting, drilling, and fastening applications. These products are designed to deliver enhanced performance, efficiency, and user convenience, helping professionals complete tasks more quickly and with greater accuracy.

In January 2024, Walter Surface Technologies, a Canada-based company specializing in metalworking and safety solutions, acquired Greenfield Industries for an undisclosed amount. This acquisition is aimed at strengthening Walter’s position as a leading supplier in the metalworking industry, particularly in North America. Greenfield Industries, a US-based manufacturer, produces power-cutting tools such as drills and power wood bits.

Major companies operating in the power tool accessories market are Robert Bosch GmbH, Stanley Black & Decker Inc., Techtronic Industries Company Limited (TTI), Hilti Corporation, Makita Corporation, Festool Group GmbH & Co. KG, Metabowerke GmbH (Metabo), Snap-On Incorporated, Husqvarna Group, Chervon Limited (SKIL), Dremel (Bosch Group), L. S. Starrett Company, Apex Tool Group, Kyocera Corporation, Silverline Tools, Evolution Power Tools, Baier GmbH, EAB Tool Company Inc., Irwin Tools (Stanley Black & Decker), Freud Tools (Freud Group / Bosch), Lenox Tools, Morse Cutting Tools.

Asia-Pacific was the largest region in the power tool accessories market in 2025. The regions covered in the power tool accessories 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 tool accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The power tool accessories market consists of sales of power tool batteries, rotary tool bits, and tool holders and adapters. 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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