Global Power Tools Market

Global Power Tools Market Size, Share, Growth Analysis, By Product(Drills, Saws), By By Mode of Operation(Electric, Pneumatic), By Application(Residential, Industrial) - Industry Forecast 2024-2031

Report ID: SQMIG20D2077 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 92 | Figures: 76

Global Power Tools Market Competitive Landscape

Global power tools market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of market revenue.

Power Tools Market Top Players Company Profiles

  • Stanley Black & Decker Inc.
  • Robert Bosch GmbH
  • Techtronic Industries Co. Ltd.
  • Makita Corporation
  • Hilti Corporation
  • Atlas Copco AB
  • Snap-on Incorporated
  • Hitachi Koki Co. Ltd.
  • Emerson Electric Co.
  • Metabo AG
  • Chervon (China) Trading Co. Ltd.
  • Koki Holdings Co. Ltd.
  • Apex Tool Group LLC
  • Danaher Corporation
  • Ingersoll-Rand plc
  • FEIN Power Tools Inc.
  • Panasonic Corporation
  • Flex Ltd.
  • KYOCERA Corporation
  • Stanley Engineered Fastening Inc.

Power Tools Market

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Power Tools Market size was valued at USD 25.87 billion in 2019 and is poised to grow from USD 26.61 billion in 2023 to USD 35.13 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

Global power tools market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of market revenue. 'Stanley Black & Decker Inc.', 'Robert Bosch GmbH', 'Techtronic Industries Co. Ltd.', 'Makita Corporation', 'Hilti Corporation', 'Atlas Copco AB', 'Snap-on Incorporated', 'Hitachi Koki Co. Ltd.', 'Emerson Electric Co.', 'Metabo AG', 'Chervon (China) Trading Co. Ltd.', 'Koki Holdings Co. Ltd.', 'Apex Tool Group LLC', 'Danaher Corporation', 'Ingersoll-Rand plc', 'FEIN Power Tools Inc.', 'Panasonic Corporation', 'Flex Ltd.', 'KYOCERA Corporation', 'Stanley Engineered Fastening Inc.'

To manage electric power tools during operations, the major electric power tool manufacturers are using automation technologies. The automation has enabled the companies to track, connect, and configure their tools on multiple job sites, achieving higher productivity with the same electric power tool. During the forecast period, such automation technologies are likely to aid in the development of the global electric power tools market.

Power tools market is witnessing increased trend of Do-It-Yourself (DIY) projects. Today, large number of companies are creating products with enhanced safety features to meet the customer needs who are not qualified, professionals. For instance, Bosh Power Tools includes Bosch Prevention features such as rotary hammer drill rotation control clutches and angle grinder restart protection. These features contribute to the reduction of product-related hazards and the acceptance of power tools in domestic applications.

North America is holding a significant share of the global power tools market, accounting for more than 25% of revenue share in 2021 because of heavy spending on infrastructural and industrial development. In 2021, Asia Pacific dominated the global power tools market by contributing over 32% to the market revenue. This is attributed due to the thriving automotive and construction sectors in countries such as India and China. As a result, the Asia Pacific region is expected to enjoy the fastest growth in the years to come. This is further supported by growing disposable income.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Power Tools Market

Report ID: SQMIG20D2223 | Region: Global | Published Date: April, 2024 | Pages: 202 | Tables: 44 | Figures: 65

Global Micro Solar Energy Harvesting Market
Buy Now GET FREE SAMPLE
Global Power Tools Market

Report ID: SQMIG20D2211 | Region: Global | Published Date: April, 2024 | Pages: 202 | Tables: 92 | Figures: 76

Global Transparent Display Market
Buy Now GET FREE SAMPLE
Global Power Tools Market

Report ID: SQMIG20D2231 | Region: Global | Published Date: April, 2024 | Pages: 200 | Tables: 65 | Figures: 70

Global Gel Battery Market
Buy Now GET FREE SAMPLE
Global Power Tools Market

Report ID: UCMIG20D2018 | Region: Global | Published Date: April, 2024 | Pages: 165 | Tables: Figures:

Chip Antenna Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Power Tools Market

Product ID: SQMIG20D2077

$5,300
BUY NOW GET FREE SAMPLE