Power Tools Market - Global Forecast to 2023

  • ID: 4422988
  • Report
  • Region: Global
  • 165 Pages
  • Markets and Markets
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The Power Tools Market is Expected to be Worth USD 35.58 Billion by 2023, Growing at a CAGR of 4.6%

FEATURED COMPANIES

  • Aimco Global
  • C. & E. Fein
  • Deprag Schulz
  • Friedrich Duss
  • Illinois Tool Works (ITW)
  • Kyocera
  • MORE

The power tools market is expected to grow at a CAGR of 4.6% between 2017 and 2023, to reach USD 35.58 billion by 2023. The key driving factors for the growth of the market are the increasing urbanization, constant growth of the construction industry in emerging economies, increasing sales of commercial vehicles across the world, and rising demand for cordless tools. However, the high maintenance cost associated with power tools hinders the market growth.

The electric tools to exhibit a significant growth during the forecast period owing to the increasing adoption of cordless electric tools, which offers mobility and ease of use, by professional as well as DIY users. Cordless electric tools are lightweight, easy to use, and help to reduce workers’ fatigue. Many times, batteries used in cordless tools are interchangeable with other power tools for the convenience purpose. These tools offer flexibility and portability as they don’t rely on secondary power sources. Thus, the increasing adoption of cordless electric tools over pneumatic tools is expected to drive the growth of the market during the forecast period.

The increasing popularity of DIY trend among consumers is driving the growth of the power tools market for residential/DIY applications. Power tools are used by DIY consumers for residential refurbishment and improvement projects.

Remodeling and renovation projects are growing at a faster rate than new construction projects. Therefore, the use of power tools by DIY enthusiasts for remodeling and renovation projects is rising in developed countries such as the US, the UK, and Germany. However, the DIY culture is not very popular in APAC and RoW due to the availability of low-cost labor and high ownership cost of power tools.

Automotive is one of the prominent industries for power tools. Power tools are essential for automotive assembly operations, and service and repair workshops. Power tools such as impact drivers, pulse tools, impact torque wrenches, and nutrunners are widely used for applications such as automotive assembly and manufacturing operations. The increasing global sales of vehicles has resulted in the rising demand for after-sales, maintenance, and repair services. Hence, the automotive industry is driving the adoption of power tools, and a similar trend is likely to continue during the forecast period.

North America is expected to hold the largest market share during the forecast period. The growth of the North American market is mainly driven by the growing construction industry and rising automotive sales in this region. The increasing wind energy installations have boosted the demand for fastening tools in this region. In North America, power tools are extensively used for both industrial as well as residential applications. The DIY trend is already prevalent among consumers in this region and is likely to continue to drive the demand for cordless tools.

The Break-Up of the Profiles of Primary Participants for the Report has been Given Below:

  • By Company Type: Tier 1 - 52%, Tier 2 - 26%, and Tier 3 - 22%
  • By Designation: C-Level Executives - 44%, Directors - 38%, and Others - 18%
  • By Region: North America - 36%, Europe - 28%, APAC - 22%, and RoW - 14%

Major players involved in the market include Robert Bosch (Germany), Stanley Black & Decker (US), Techtronic Industries (TTI) (Hong Kong), Makita (Japan), Hilti (Liechtenstein) Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), Hitachi Koki (Japan), Snap-on (US), and C. & E. Fein (Germany).

Other players in this market include Emerson Electric (US), Panasonic  (Japan), Chevron Group (China), TTS Tooltechnic Systems (Germany), Illinois Tool Works (US), Positec Group (China), CS Unitec (US), FRIEDRICH DUSS (Germany), Uryu Seisaku (Japan), Deprag Schulz (Germany), KYOCERA (Japan), AIMCO Global (US), INTERSKOL (Russia), and FERM. (Netherlands).

Research Coverage:

The research report on the global power tools market covers the market on the basis of mode of operation, tool type, application, and geography.

The power tools market based on mode of operation has been segmented into electric, pneumatic, and other tools. Other power tools include hydraulic and power-actuated tools. Electric power tools have been further classified into corded and cordless tools.

On the basis of tool type, the market has been segmented into drilling and fastening tools, demolition tools, sawing and cutting tools, material removal tools, routing tools, and others that include measuring and layout tools, laser tools, dust extractors, glue guns, and heat guns.

The market based on application has been segmented into industrial/professional and residential/DIY applications. Further, on the basis of industrial applications, the market has been segmented into construction, automotive, aerospace, energy, shipbuilding, and other industries that include mining, oil and gas, and electronics.

The report covers 4 major geographic regions-North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:

  • Illustrative segmentations, analyses, and forecasts for the market based on mode of operation, tool type application, and geography have been conducted to give an overall view of the power tools market.
  • The major drivers, restraints, opportunities, and challenges for the market have been detailed in this report.
  • The report includes a detailed competitive leadership mapping, along with key players, in-depth analysis, and revenues of key players.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aimco Global
  • C. & E. Fein
  • Deprag Schulz
  • Friedrich Duss
  • Illinois Tool Works (ITW)
  • Kyocera
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primary Interviews
2.1.2.3 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Power Tools Market Opportunities
4.2 Electric Power Tools Market for Automotive Industry, By Region
4.3 Power Tools Market, By Tool Type
4.4 Power Tools Market, By Industrial Applications
4.5 Power Tools Market in North America, By Mode of Operation and Country
4.6 Power Tools Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Constantly Growing Construction Industry in Emerging Economies
5.2.1.2 Increasing Global Sales of Commercial Vehicles
5.2.1.3 Rising Adoption of High-Density Lithium-Ion Batteries for Charging Cordless Power Tools
5.2.2 Restraints
5.2.2.1 High Maintenance Cost
5.2.2.2 Comply With Strict Trade Policies and Safety Regulations
5.2.3 Opportunities
5.2.3.1 Focus on Manufacturing Smart Power Tools With Wireless Connectivity
5.2.3.2 Industry 4.0 Creating Opportunities for Assembly Power Tool Providers
5.2.4 Challenges
5.2.4.1 Manufacturing Ergonomic and Lightweight Power Tools

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Development (R&D)
6.2.2 Component Suppliers
6.2.3 Power Tool Manufacturers
6.2.4 Distributors and Retailers
6.2.5 End Users
6.2.6 Post-Sales Services
6.3 Key Trends in the Power Tools Market
6.3.1 Connected Assembly Power Tools
6.3.2 Brushless Dc Motors (Bldc)
6.3.3 High-Density Lithium-Ion (Li-Ion) Batteries
6.3.4 Wireless Charging Technology

7 Power Tools Market, By Mode of Operation
7.1 Introduction
7.2 Electric
7.2.1 Corded Tools
7.2.2 Cordless Tools
7.3 Pneumatic
7.4 Other Tools

8 Power Tools Market, By Tool Type
8.1 Introduction
8.2 Drilling and Fastening/Driving Tools
8.2.1 Drills
8.2.2 Impact Drivers
8.2.3 Impact Wrenches
8.2.4 Screwdrivers and Nutrunners
8.3 Demolition Tools
8.3.1 Rotary Hammers/Hammer Drills/Demolition Hammers
8.4 Sawing and Cutting Tools
8.4.1 Jigsaws
8.4.2 Reciprocating Saws
8.4.3 Circular Saws
8.4.4 Band Saws
8.4.5 Shears and Nibblers
8.5 Material Removal Tools
8.5.1 Sanders/Polishers/Buffers
8.5.2 Grinders
8.5.2.1 Angle Grinders
8.5.2.2 Die Grinders
8.5.2.3 Straight Grinders
8.6 Routing Tools
8.6.1 Routers/Planers/Joiners
8.6.1.1 Palm Routers
8.6.1.2 Laminate Trimmers
8.7 Others

9 Power Tools Market, By Application
9.1 Introduction
9.2 Industrial/Professional
9.2.1 Construction
9.2.2 Automotive
9.2.3 Aerospace
9.2.4 Energy
9.2.5 Shipbuilding
9.2.6 Other Industries
9.3 Residential/Diy

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Rest of APAC
10.5 Row
10.5.1 South America
10.5.2 Middle East and Africa

11 Competitive Landscape
11.1 Overview
11.2 Ranking Analysis of Players in Power Tools Market
11.3 Competitive Situations and Trends
11.3.1 Battle for Market Share: New Product Launches and Developments Emerged as Key Strategies
11.3.2 Product Launches and Developments
11.3.3 Acquisitions and Collaborations
11.3.4 Expansions

12 Company Profiles
12.1 Introduction
12.2 Key Players
12.2.1 Atlas Copco
12.2.2 Stanley Black & Decker
12.2.3 Robert Bosch
12.2.4 Ingersoll-Rand
12.2.5 Hilti
12.2.6 Techtronic Industries (TTI)
12.2.7 Makita
12.2.8 Hitachi Koki
12.2.9 Snap-On
12.2.10 Apex Tool Group
12.3 Key Innovators
12.3.1 Uryu Seisaku
12.3.2 Positec Group
12.3.3 CS Unitec
12.3.4 Deprag Schulz
12.3.5 Friedrich Duss
12.4 Other Key Players
12.4.1 C. & E. Fein
12.4.2 Emerson Electric
12.4.3 Interskol
12.4.4 Panasonic
12.4.5 Chevron Group
12.4.6 Illinois Tool Works (ITW)
12.4.7 Ferm
12.4.8 Aimco Global
12.4.9 TTS Tooltechnic Systems (Festool)
12.4.10 Kyocera

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide for the Power Tools Market

List of Tables

Table 1 Power Tools Market, By Mode of Operation, 2014-2023 (USD Billion)
Table 2 Electric Power Tools Market, By Tool Type, 2014-2023 (USD Billion)
Table 3 Electric Power Tools Market, By Application, 2014-2023 (USD Billion)
Table 4 Electric Power Tools Market, By Industry, 2014-2023 (USD Billion)
Table 5 Electric Power Tools Market for Construction Industry, By Region, 2014-2023 (USD Million)
Table 6 Electric Power Tools Market for Automotive Industry, By Region, 2014-2023 (USD Million)
Table 7 Electric Power Tools Market for Aerospace Industry, By Region, 2014-2023 (USD Million)
Table 8 Electric Power Tools Market for Energy Industry, By Region, 2014-2023 (USD Million)
Table 9 Electric Power Tools Market for Shipbuilding Industry, By Region, 2014-2023 (USD Million)
Table 10 Electric Power Tools Market for Other Industries, By Region, 2014-2023 (USD Million)
Table 11 Electric Power Tools Market for Residential/Diy Application, By Region, 2014-2023 (USD Billion)
Table 12 Electric Power Tools Market, By Power Source, 2014-2023 (USD Billion)
Table 13 Pneumatic Power Tools Market, By Tool Type, 2014-2023 (USD Billion)
Table 14 Pneumatic Power Tools Market, By Industry, 2014-2023 (USD Billion)
Table 15 Pneumatic Power Tools Market for Construction Industry, By Region, 2014-2023 (USD Million)
Table 16 Pneumatic Power Tools Market for Automotive Industry, By Region, 2014-2023 (USD Million)
Table 17 Pneumatic Power Tools Market for Aerospace Industry, By Region, 2014-2023 (USD Million)
Table 18 Pneumatic Power Tools Market for Energy Industry, By Region, 2014-2023 (USD Million)
Table 19 Pneumatic Power Tools Market for Shipbuilding Industry, By Region, 2014-2023 (USD Million)
Table 20 Pneumatic Power Tools Market for Other Industries, By Region, 2014-2023 (USD Million)
Table 21 Other Power Tools Market, By Tool Type, 2014-2023 (USD Billion)
Table 22 Other Power Tools Market, By Industry, 2014-2023 (USD Billion)
Table 23 Other Power Tools Market for Construction Industry, By Region, 2014-2023 (USD Million)
Table 24 Other Power Tools Market for Automotive Industry, By Region, 2014-2023 (USD Million)
Table 25 Other Power Tools Market for Aerospace Industry, By Region, 2014-2023
Table 26 Other Power Tools Market for Energy Industry, By Region, 2014-2023 (USD Million)
Table 27 Other Power Tools Market for Shipbuilding Industry, By Region, 2014-2023 (USD Million)
Table 28 Other Power Tools Market for Other Industries, By Region, 2014-2023 (USD Million)
Table 29 Power Tools Market, By Tool Type, 2014-2023 (USD Billion)
Table 30 Drilling and Fastening Tools Market, By Mode of Operation, 2014-2023 (USD Billion)
Table 31 Demolition Tools Market, By Mode of Operation, 2014-2023 (USD Billion)
Table 32 Sawing and Cutting Tools Market, By Mode of Operation, 2014-2023 (USD Billion)
Table 33 Material Removal Tools Market, By Mode of Operation, 2014-2023 (USD Billion)
Table 34 Routing Tools Market, By Mode of Operation, 2014-2023 (USD Billion)
Table 35 Other Tools Market, By Mode of Operation, 2014-2023 (USD Billion)
Table 36 Power Tools Market, By Application, 2014-2023 (USD Billion)
Table 37 Power Tools Market, By Industrial Application 2014-2023 (USD Billion)
Table 38 Power Tools Market for Industrial Applications, By Region, 2014-2023 (USD Billion)
Table 39 Power Tools Market in Construction Industry, By Mode of Operation, 2014-2023 (USD Billion)
Table 40 Power Tools Market for Construction Industry, By Region, 2014-2023 (USD Billion)
Table 41 Power Tools Market in Automotive Industry, By Mode of Operation, 2014-2023 (USD Billion)
Table 42 Power Tools Market for Automotive Industry, By Region, 2014-2023 (USD Billion)
Table 43 Power Tools Market for Aerospace Industry, By Mode of Operation, 2014-2023 (USD Billion)
Table 44 Power Tools Market for Aerospace Industry, By Region, 2014-2023 (USD Billion)
Table 45 Power Tools Market for Energy Industry, By Mode of Operation, 2014-2023 (USD Billion)
Table 46 Power Tools Market for Energy Industry, By Region, 2014-2023 (USD Billion)
Table 47 Power Tools Market for Shipbuilding Industry, By Mode of Operation, 2014-2023 (USD Million)
Table 48 Power Tools Market for Shipbuilding Industry, By Region, 2014-2023 (USD Million)
Table 49 Power Tools Market for Other Industries, By Mode of Operation, 2014-2023 (USD Billion)
Table 50 Power Tools Market for Others Industries, By Region, 2014-2023 (USD Billion)
Table 51 Electric Power Tools Market for Residential/Diy Applications, By Region, 2014-2023 (USD Billion)
Table 52 Power Tools Market, By Region, 2014-2023 (USD Billion)
Table 53 Power Tools Market in North America, By Mode of Operation, 2014-2023 (USD Billion)
Table 54 Power Tools Market in North America, By Industrial Application,2014-2023 (USD Billion)
Table 55 Power Tools Market in North America, By Country, 2014-2023 (USD Billion)
Table 56 Power Tools Market in Europe, By Mode of Operation, 2014-2023 (USD Billion)
Table 57 Power Tools Market in Europe, By Industrial Application, 2014-2023 (USD Billion)
Table 58 Power Tools Market in Europe, By Country, 2014-2023 (USD Billion)
Table 59 Power Tools Market in APAC, By Mode of Operation, 2014-2023 (USD Billion)
Table 60 Power Tools Market in APAC, By Industrial Application, 2014-2023 (USD Billion)
Table 61 Power Tools Market in APAC, By Country, 2014-2023 (USD Billion)
Table 62 Power Tools Market in Row, By Mode of Operation,2014-2023 (USD Million)
Table 63 Power Tools Market in Row, By Industrial Application, 2014-2023 (USD Million)
Table 64 Power Tools Market in Row, By Region, 2014-2023 (USD Billion)
Table 65 Power Tools Market Players’ Ranking Analysis (2016)
Table 66 Most Significant Product Launches in the Power Tools Market, 2017
Table 67 Most Significant Acquisitions and Collaborations in the Power Tools Market, 2015-2017
Table 68 Most Significant Expansions in the Power Tools Market, 2015-2017

List of Figures

Figure 1 Power Tools Market Segmentation
Figure 2 Power Tools Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Electric Power Tools to Dominate the Market During Forecast Period
Figure 7 Market for Cordless Electric Tools Expected to Grow at A Higher Cagr During the Forecast Period
Figure 8 Market for Drilling and Fastening Tools to Grow at the Highest Cagr During the Forecast Period
Figure 9 the Market for Automotive Industry to Grow at the Highest Cagr During the Forecast Period
Figure 10 North America Held the Largest Market Share in 2016
Figure 11 Attractive Opportunities in the Power Tools Market Between 2017 and 2023
Figure 12 Electric Power Tools Market for Automotive Industry in APAC to Grow at the Highest Cagr During the Forecast Period
Figure 13 Power Tools Market for Drilling and Fastening Tools to Grow at the Highest Cagr Between 2017 and 2023
Figure 14 Automotive Industry to Grow at the Highest Rate Between 2017 and 2023
Figure 15 US to Hold the Largest Share of the Power Tools Market in North America in 2017
Figure 16 North America to Hold the Largest Share of the PowerTools Market By 2023
Figure 17 Power Tools Market Dynamics
Figure 18 GDP From Construction in India and China
Figure 19 Commercial Vehicles Sales (2011-2016)
Figure 20 Power Tools Market: Value Chain
Figure 21 Electric Power Tools to Dominate the Power Tools Market During the Forecast Period
Figure 22 Drilling and Fastening Tools to Lead the Electric Power Tools Market During the Forecast Period
Figure 23 Electric Power Tools Market for Automotive Industry in APAC to Grow at the Highest Rate Between 2017 and 2023
Figure 24 North America to Capture Largest Size of Electric Power Tools for Residential/Diy Application By 2023
Figure 25 Automotive Industry to Dominate the Pneumatic Power Tools Market Between 2017 and 2023
Figure 26 Pneumatic Power Tools Market for Energy Industry in APAC to Grow at the Highest Cagr During 2017-2023
Figure 27 Construction Industry to Lead the Market for Hydraulic and Power-Actuated Power Tools Market During 2017-2023
Figure 28 Drilling and Fastening Tools to Dominate the Power Tools Market During the Forecast Period
Figure 29 Market for Electric Drilling and Fastening Tools to Grow at the Highest Rate During the Forecast Period
Figure 30 Electric Sawing and Cutting Tools to Dominate the Power Tools Market During the Forecast Period
Figure 31 Market for Electric Routing Tools to Grow at the Highest Rate During the Forecast Period
Figure 32 Power Tools Market for Automotive Industry to Grow at the Highest Cagr During the Forecast Period
Figure 33 Power Tools Market for Constriction Industry in APAC to Grow at the Highest Cagr During the Forecast Period
Figure 34 North America to Account for the Largest Size of the Power Tools Market for Aerospace Industry During the Forecast Period
Figure 35 APAC to Hold the Largest Size of the Power Tools Market for Shipbuilding Industry During the Forecast Period
Figure 36 Snapshot of Power Tools Market in North America
Figure 37 Snapshot of Power Tools Market in North America
Figure 38 the US to Hold the Largest Size of the North American Power Tools Market During 2017-2023
Figure 39 Snapshot of Power Tools Market in Europe
Figure 40 Power Tools Market for Automotive Industry in Europe to Grow at the Highest Cagr During the Forecast Period
Figure 41 Snapshot of Power Tools Market in APAC
Figure 42 Power Tools Market India to Grow at the Highest Cagr During the Forecast Period
Figure 43 Power Tools Market in the Middle East and Africa Region to Grow at A Higher Cagr Between 2017 and 2023
Figure 44 Key Players Adopted Product Launches and Developments as Key Growth Strategies Between 2015 and 2017
Figure 45 Atlas Copco: Company Snapshot
Figure 46 Stanley Black & Decker: Company Snapshot
Figure 47 Robert Bosch : Company Snapshot
Figure 48 Ingersoll-Rand: Company Snapshot
Figure 49 Hilti: Company Snapshot
Figure 50 Techtronic Industries (TTI) : Company Snapshot
Figure 51 Makita: Company Snapshot
Figure 52 Hitachi Koki: Company Snapshot
Figure 53 Snap-On: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aimco Global
  • C. & E. Fein
  • Deprag Schulz
  • Friedrich Duss
  • Illinois Tool Works (ITW)
  • Kyocera
  • MORE

The power tools market is expected to be worth USD 35.58 Billion by 2023, growing at a CAGR of 4.6% between 2017 and 2023. The constantly growing construction industry in emerging economies, increasing sales of commercial vehicles across the world, and rising demand for cordless tools. However, the high maintenance cost associated with power tools hinders the market growth. The market has been segmented on the basis of mode of operation, tool type, application, and geography.

In 2016, electric tools held the largest share of the overall power tools market. Corded electric tools are wired tools used as handheld tools. Corded tools need a continuous power supply; therefore, they never run out of power, unlike cordless tools. Corded tools offer more torque than cordless fastening tools. The electric tools market is dominated by corded tools. Due to the improvement in batteries due to a strong replacement of Ni-Cd batteries with Li-Ion batteries and increasing adoption of cordless tools help the market for cordless tools to grow at a higher rate.

Drilling and fastening tools held the largest share of the overall market in 2016. Electric drilling and fastening tools are used by professionals as well as DIY consumers, while most pneumatic drilling and fastening tools are used in industrial environments, such as automotive and aerospace manufacturing plants. The increase in the adoption of fastening tools, such as impact tools, screwdrivers, and nutrunners, is due to the continuously growing automotive sales all over the world and the rising installation of wind power plants as these tools are essential elements in automotive assembly and wind turbine installation operations.

The construction industry held the largest share of the power tools market in 2016. The construction industry is the largest shareholder of the market. Power tools play an important role at every stage of the construction activity, including the design, survey, construction, and maintenance phases. They are used for various construction applications such as drilling, driving, demolition, concrete cutting, and polishing. Tools such as impact drills, drivers, and rotary hammers are widely used in construction projects. The growing construction activities in countries such as the US, China, and India, demand technologically advanced and innovative power tools, thereby driving the market growth.

The APAC region is expected to be the fastest-growing region for the market owing to the continuous infrastructural growth in major countries such as China and India, rising automotive sales all over the world, and increasing installation of wind power plants. China is investing heavily in infrastructure development and urban area planning. This investment in construction projects would drive the market. With the growing urbanization in India, there has been a huge demand for power tools for the construction of urban development projects. Moreover, the shipbuilding industry in South Korea, Japan, and China is expected to fuel the growth of the market to a certain extent.

Power tools, such as assembly tools, are precision instruments. Lots of moving parts of power tools require regular maintenance. The cost of maintenance of power tools is high, and maintenance of these tools need to be carried out regularly. Also, the cost of ownership of power tools increases because of these maintenance and repair requirements. Hence, consumers in developing countries are leasing power tools, which is also hampering the growth of the market.

Atlas Copco (Sweden), Apex Tool Group (US), Robert Bosch (Germany), Hilti (Liechtenstein), Makita (Japan), Ingersoll-Rand (Ireland), Stanley Black & Decker (US), Techtronic Industries (TTI) (Hong Kong), Hitachi Koki (Japan), and  Snap-on  (US) are the major players in the market.

Other key players in the market include C. & E. Fein  (Germany), Emerson Electric (US), Chevron Group (China), Panasonic (Japan), TTS Tooltechnic Systems (Germany), Illinois Tool Works (US), Positec Group (China), CS Unitec (US), FRIEDRICH DUSS (Germany), Uryu Seisaku (Japan), Deprag Schulz (Germany), KYOCERA (Japan), AIMCO Global (US), INTERSKOL (Russia), and FERM (Netherlands).

These players are focusing on product launches and developments, acquisitions, and collaborations to enhance their product offerings and expand their businesses.

Note: Product cover images may vary from those shown
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  • Aimco Global
  • Apex Tool Group
  • Atlas Copco
  • C. & E. Fein
  • CS Unitec
  • Chevron Group
  • Deprag Schulz
  • Emerson Electric
  • Ferm
  • Friedrich Duss
  • Hilti
  • Hitachi Koki
  • Illinois Tool Works (ITW)
  • Ingersoll-Rand
  • Interskol
  • Kyocera
  • Makita
  • Panasonic
  • Positec Group
  • Robert Bosch
  • Snap-On
  • Stanley Black & Decker
  • TTS Tooltechnic Systems (Festool)
  • Techtronic Industries (TTI)
  • Uryu Seisaku
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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