Power Tools Market by Tool Type (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools), Mode of Operation (Electric, Pneumatic, Hydraulic), Application and Region - Global Forecast to 2029
The power tools market size is expected to grow from USD 39.5 billion in 2024 to USD 45.5 billion by 2029, at a CAGR of 2.9% during the forecast period. The power tools market is driven by factors such as rising demand for electric fastening tools in various industries and increased adoption of battery-powered power tools globally, Development of smart and connected power tools and growing demand for household application power tools to create a significant growth opportunity for the market players in the next 5 years
“Drilling and fastening tools segment is expected to grow at the highest CAGR during the forecast period”
Drilling and fastening tools segment is expected to grow at the highest CAGR during the forecast period. Drilling and fastening tools are widely used in various industries because they are versatile and practical. Professionals rely on these tools for many different repair and maintenance tasks. Additionally, impact tools, screwdrivers, impact wrenches, and nut runners are commonly used for fitting and fastening in both industrial and residential settings. The automotive industry especially drives market growth by heavily using these tools in its operations. These factors collectively contribute to the anticipated rapid growth of the drilling and fastening tools segment in the power tools market.
“Electric mode of operation is expected to grow at the highest CAGR during the forecast period”
The electric mode of operation is expected to grow at the highest CAGR during the forecast period. Electric power tools offer flexibility, running on either a battery or corded power, based on the task requirements. The increasing trend towards cordless electric tools is driven by their enhanced ease of use and portability. Furthermore, advancements in battery technology have significantly boosted the performance and durability of these cordless options, appealing to both professionals and DIY enthusiasts.
“Residential/DIY Application is expected to grow at the highest CAGR during the forecast period”
Residential/DIY Application is expected to grow at the highest CAGR during the forecast period. Corded electric tools provide convenient plug-and-play functionality, while cordless counterparts are valued for their ease of use, efficiency, and portability. The ergonomic advantages of cordless equipment have led to a preference among users over traditional gas-powered options. Recent innovations in cordless technology have not only increased power but have also introduced features for precise operation, even in challenging environments. The growing demand for portable tools and their uptake among homeowners, due to reduced operating costs resulting from advancements in battery technology and overall performance, are driving the expansion of the electric segment.
“Asia Pacific is expected to grow at the highest CAGR during the forecast period”
Asia Pacific is expected to grow at a higher CAGR during the forecast period. The rapid urbanization and industrialization witnessed in countries such as China, India, and Southeast Asian nations are driving notable investments in infrastructure, construction, and manufacturing. This surge in construction and industrial activities is resulting in a heightened demand for power tools across various sectors. Furthermore, the increasing disposable income and expanding middle-class population in the region are fueling the desire for power tools for residential and DIY applications. Additionally, advancements in technology and the availability of customized power tool solutions for the Asian market are contributing significantly to market expansion.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the power tools market space. The break-up of primary participants for the report has been shown below:
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the power tools market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
“Drilling and fastening tools segment is expected to grow at the highest CAGR during the forecast period”
Drilling and fastening tools segment is expected to grow at the highest CAGR during the forecast period. Drilling and fastening tools are widely used in various industries because they are versatile and practical. Professionals rely on these tools for many different repair and maintenance tasks. Additionally, impact tools, screwdrivers, impact wrenches, and nut runners are commonly used for fitting and fastening in both industrial and residential settings. The automotive industry especially drives market growth by heavily using these tools in its operations. These factors collectively contribute to the anticipated rapid growth of the drilling and fastening tools segment in the power tools market.
“Electric mode of operation is expected to grow at the highest CAGR during the forecast period”
The electric mode of operation is expected to grow at the highest CAGR during the forecast period. Electric power tools offer flexibility, running on either a battery or corded power, based on the task requirements. The increasing trend towards cordless electric tools is driven by their enhanced ease of use and portability. Furthermore, advancements in battery technology have significantly boosted the performance and durability of these cordless options, appealing to both professionals and DIY enthusiasts.
“Residential/DIY Application is expected to grow at the highest CAGR during the forecast period”
Residential/DIY Application is expected to grow at the highest CAGR during the forecast period. Corded electric tools provide convenient plug-and-play functionality, while cordless counterparts are valued for their ease of use, efficiency, and portability. The ergonomic advantages of cordless equipment have led to a preference among users over traditional gas-powered options. Recent innovations in cordless technology have not only increased power but have also introduced features for precise operation, even in challenging environments. The growing demand for portable tools and their uptake among homeowners, due to reduced operating costs resulting from advancements in battery technology and overall performance, are driving the expansion of the electric segment.
“Asia Pacific is expected to grow at the highest CAGR during the forecast period”
Asia Pacific is expected to grow at a higher CAGR during the forecast period. The rapid urbanization and industrialization witnessed in countries such as China, India, and Southeast Asian nations are driving notable investments in infrastructure, construction, and manufacturing. This surge in construction and industrial activities is resulting in a heightened demand for power tools across various sectors. Furthermore, the increasing disposable income and expanding middle-class population in the region are fueling the desire for power tools for residential and DIY applications. Additionally, advancements in technology and the availability of customized power tool solutions for the Asian market are contributing significantly to market expansion.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the power tools market space. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 = 55%, Tier 2 = 30%, and Tier 3 = 15%
- By Designation: C-Level Executives = 48%, Directors = 32%, and Others= 20%
- By Region: North America = 30%, Europe = 20%, Asia Pacific = 45%, and RoW = 5%
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the power tools market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (Increased adoption of battery-powered power tools globally, surging demand for power tools in the automotive industry, growing construction industry in emerging economies, and rising demand for electric fastening tools in various industries ), restraints (High maintenance costs and variations in raw material prices), opportunities (Development of smart and connected power tools, rising demand for fastening tools in the wind energy industry, and growing demand for household application power tools), and challenges (Stringent trade policies and safety standards, and difficulties in designing ergonomic and lightweight power tools).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the power tools market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the power tools market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the power tools market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), Techtronic Industries Co. Ltd. (Hong Kong), Makita Corporation (Japan), Hilti Corporation, (Liechtenstein), and other players.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 MARKETS COVERED
FIGURE 1 POWER TOOLS MARKET SEGMENTATION
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 POWER TOOLS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key interview participants
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF COMPONENTS AND POWER TOOLS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON POWER TOOLS MARKET
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 7 DRILLING AND FASTENING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
FIGURE 8 ELECTRIC SEGMENT TO DOMINATE MARKET FROM 2024 TO 2029
FIGURE 9 INDUSTRIAL/PROFESSIONAL SEGMENT TO HOLD LARGER MARKET SHARE IN 2029
FIGURE 10 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN POWER TOOLS MARKET
FIGURE 11 EXPANDING CONSTRUCTION INDUSTRY IN EMERGING ECONOMIES TO FUEL MARKET GROWTH
4.2 POWER TOOLS MARKET, BY TOOL TYPE
FIGURE 12 DRILLING AND FASTENING TOOLS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
4.3 POWER TOOLS MARKET, BY MODE OF OPERATION
FIGURE 13 ELECTRIC SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.4 POWER TOOLS MARKET, BY APPLICATION
FIGURE 14 INDUSTRIAL/PROFESSIONAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.5 POWER TOOLS MARKET, BY COUNTRY
FIGURE 15 INDIA TO RECORD HIGHEST CAGR IN GLOBAL POWER TOOLS MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 POWER TOOLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing construction activities worldwide
5.2.1.2 Thriving automotive sector
5.2.1.3 Rising preference for battery-powered tools owing to advances in battery technology
5.2.1.4 Surging use of electric fastening tools in various industries
FIGURE 17 POWER TOOLS MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High maintenance costs
5.2.2.2 Fluctuating raw material prices
FIGURE 18 POWER TOOLS MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use of wind energy
FIGURE 19 GLOBAL TREND OF WIND POWER CAPACITY (GW), 2016–2022
5.2.3.2 Development of smart and connected power tools
5.2.3.3 Growing demand for power tools by residential consumers
FIGURE 20 POWER TOOLS MARKET: IMPACT OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Difficulties in designing ergonomic and lightweight power tools
5.2.4.2 Stringent trade policies and safety standards
FIGURE 21 POWER TOOLS MARKET: IMPACT OF CHALLENGES
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 PRICING ANALYSIS
5.4.1 INDICATIVE PRICING TREND OF POWER TOOLS PROVIDED BY MARKET PLAYERS, BY TOOL TYPE, 2023 (USD)
FIGURE 23 INDICATIVE PRICING TREND OF POWER TOOLS OFFERED BY KEY PLAYERS, BY TOOL TYPE, 2023 (USD)
TABLE 1 INDICATIVE PRICING TREND OF POWER TOOLS PROVIDED BY KEY PLAYERS, BY TOOL TYPE, 2023 (USD)
FIGURE 24 AVERAGE SELLING PRICING TREND OF POWER TOOLS, BY TOOL TYPE, 2019–2023 (USD)
5.4.2 AVERAGE SELLING PRICE TREND OF POWER TOOLS, BY REGION, 2019–2023 (USD)
FIGURE 25 AVERAGE SELLING PRICE TREND OF POWER TOOLS, BY REGION, 2019–2023 (USD)
5.5 SUPPLY CHAIN ANALYSIS
FIGURE 26 GLOBAL POWER TOOLS MARKET: SUPPLY CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
FIGURE 27 KEY PLAYERS IN ECOSYSTEM
TABLE 2 ROLE OF PLAYERS IN POWER TOOLS ECOSYSTEM
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Smart and connected assembly power tools
5.7.1.2 Brushless DC motors
5.7.2 COMPLEMENTARY TECHNOLOGIES
5.7.2.1 40V MAX and 80V MAX lithium-ion batteries
5.7.2.2 Wireless charging
5.7.3 ADJACENT TECHNOLOGY
5.7.3.1 Easy start system
5.8 PATENT ANALYSIS
FIGURE 28 TOP 10 COMPANIES WITH SIGNIFICANT NUMBER OF PATENT APPLICATIONS FROM 2014 TO 2023
TABLE 3 MAJOR PATENT OWNERS IN POWER TOOLS MARKET
5.8.1 LIST OF MAJOR PATENTS, 2022–2023
5.9 TRADE ANALYSIS
5.9.1 IMPORT DATA
FIGURE 29 IMPORT DATA FOR HS CODE 8467-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.9.2 EXPORT DATA
FIGURE 30 EXPORT DATA FOR HS CODE 8467-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.10 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 4 POWER TOOLS MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
5.11 CASE STUDY ANALYSIS
5.11.1 DI ENVIRONMENT IMPLEMENTED TRELAWNY’S VL303 VIBRO-LO NEEDLE SCALERS TO REDUCE OPERATOR FATIGUE AND DOWNTIME
5.11.2 BIG IMPLEMENTATION ADOPTED CS UNITEC’S MAB 485 PORTABLE MAGNETIC DRILL FOR DRILLING BOEING 747
5.11.3 RICHMOND PRIMOID DEPLOYED HILTI CORPORATION’S HIGH-QUALITY TOOLS TO ENHANCE JOB EFFICIENCY AND STREAMLINE OPERATIONS
5.12 REGULATIONS AND STANDARDS
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.2 STANDARDS
TABLE 9 POWER TOOLS MARKET: STANDARDS
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 10 POWER TOOLS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 31 POWER TOOLS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF NEW ENTRANTS
5.13.2 THREAT OF SUBSTITUTES
5.13.3 BARGAINING POWER OF SUPPLIERS
5.13.4 BARGAINING POWER OF BUYERS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING CRITERIA
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIAL/PROFESSIONAL APPLICATIONS
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIAL/PROFESSIONAL APPLICATIONS (%)
5.14.2 BUYING CRITERIA
FIGURE 33 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIAL/PROFESSIONAL APPLICATIONS
TABLE 12 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIAL/PROFESSIONAL APPLICATIONS
6 APPLICATIONS OF POWER TOOLS ON DIFFERENT MATERIALS
6.1 INTRODUCTION
FIGURE 34 APPLICATIONS OF POWER TOOLS ON DIFFERENT MATERIALS
6.2 BRICKS/BLOCKS
6.3 CONCRETES
6.4 GLASSES
6.5 WOODS/METALS
6.6 OTHER MATERIALS
7 DISTRIBUTION CHANNELS OF POWER TOOLS
7.1 INTRODUCTION
FIGURE 35 DISTRIBUTION CHANNELS OF POWER TOOLS
7.2 ONLINE
7.3 OFFLINE
8 POWER TOOLS MARKET, BY TOOL TYPE
8.1 INTRODUCTION
FIGURE 36 POWER TOOLS MARKET, BY TOOL TYPE
FIGURE 37 DRILLING AND FASTENING TOOLS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 13 POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 14 POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 15 POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (MILLION UNITS)
TABLE 16 POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (MILLION UNITS)
8.2 DRILLING AND FASTENING TOOLS
8.2.1 DRILLS
8.2.1.1 Portability and light weight of corded power drills to boost demand
8.2.2 IMPACT DRIVERS
8.2.2.1 Ability to provide high torque to drive market
8.2.3 IMPACT WRENCHES
8.2.3.1 Increasing demand from solar industry to offer lucrative growth opportunities
8.2.4 SCREWDRIVERS AND NUTRUNNERS
8.2.4.1 Rising use in aerospace and automotive assembly operations to drive market
8.3 DEMOLITION TOOLS
8.3.1 ROTARY HAMMERS/HAMMER DRILLS/DEMOLITION HAMMERS
8.3.1.1 Rapid demolition of brittle materials with fast drilling and minimum efforts to boost demand
8.4 SAWING AND CUTTING TOOLS
8.4.1 JIGSAWS
8.4.1.1 Rising demand for lightweight and high-speed equipment to foster segmental growth
8.4.2 RECIPROCATING SAWS
8.4.2.1 Growing application in construction and demolition to fuel market growth
8.4.3 CIRCULAR SAWS
8.4.3.1 Expansion of construction industry to propel market
8.4.4 BAND SAWS
8.4.4.1 Increasing use for cutting irregular or curved jigsaws to drive market
8.4.5 SHEARS & NIBBLERS
8.4.5.1 Ability to cut nonferrous metals and plastics from thin plates and strips to boost demand
8.5 MATERIAL REMOVAL TOOLS
8.5.1 SANDERS/POLISHERS/BUFFERS
8.5.1.1 Growing application in industrial and residential sectors to drive market
8.5.2 AIR SCALERS
8.5.2.1 Efficiency in cleaning and removing old paint from metal surfaces to fuel market growth
8.5.3 GRINDERS
8.5.3.1 Growing utilization in abrasive cutting, grinding, and polishing to foster segmental growth
8.5.3.2 Angle grinders
8.5.3.2.1 Growing demand at construction sites for metal fabrications to fuel market growth
8.5.3.3 Die and straight grinders
8.5.3.3.1 Suitability for metal grinding and shipyard maintenance to accelerate demand
8.6 ROUTING TOOLS
8.6.1 QUICK-ACTING SAFETY BRAKE SYSTEM AND SPINDLE-STOP CUTTER-CHANGING FEATURES TO STIMULATE DEMAND
8.6.2 ROUTERS/PLANERS/JOINERS
8.6.2.1 Palm routers and laminate trimmers
8.6.2.1.1 Excellence in creating decorative or corrective edges and crafting crown moldings to drive market
8.7 OTHER TOOLS
9 POWER TOOLS MARKET, BY MODE OF OPERATION
9.1 INTRODUCTION
FIGURE 38 POWER TOOLS MARKET, BY MODE OF OPERATION
FIGURE 39 ELECTRIC SEGMENT TO DOMINATE MARKET IN 2029
TABLE 17 POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 18 POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
9.2 ELECTRIC
TABLE 19 ELECTRIC: POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 20 ELECTRIC: POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 21 ELECTRIC: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 22 ELECTRIC: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 23 ELECTRIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 24 ELECTRIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 25 ELECTRIC: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 26 ELECTRIC: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 27 ELECTRIC: POWER TOOLS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 28 ELECTRIC: POWER TOOLS MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.1 CORDED TOOLS
9.2.1.1 Growing applications for drilling and mining operations to drive market
9.2.2 CORDLESS TOOLS
9.2.2.1 Independence from secondary power sources to fuel market growth
9.3 PNEUMATIC
9.3.1 GROWING DEMAND FROM AUTOMOTIVE INDUSTRY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
TABLE 29 PNEUMATIC: POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 30 PNEUMATIC: POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 31 PNEUMATIC: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 32 PNEUMATIC: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 33 PNEUMATIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 34 PNEUMATIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 35 PNEUMATIC: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 36 PNEUMATIC: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
9.4 HYDRAULIC
9.4.1 INCREASING USES IN ROAD CONSTRUCTIONS AND TRENCH EXCAVATIONS TO BOOST DEMAND
TABLE 37 HYDRAULIC: POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 38 HYDRAULIC: POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 39 HYDRAULIC: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 40 HYDRAULIC: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 41 HYDRAULIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 42 HYDRAULIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 43 HYDRAULIC: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 44 HYDRAULIC: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10 POWER TOOLS MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 40 POWER TOOLS MARKET, BY APPLICATION
FIGURE 41 RESIDENTIAL/DIY SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
TABLE 45 POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 46 POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
10.2 INDUSTRIAL/PROFESSIONAL
FIGURE 42 CONSTRUCTION SEGMENT TO DOMINATE POWER TOOLS MARKET FOR INDUSTRIAL/PROFESSIONAL APPLICATIONS IN 2029
TABLE 47 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 48 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 49 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 50 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.1 CONSTRUCTION
10.2.1.1 Growing demand for impact drills and rotary hammers in construction projects to boost demand
TABLE 51 CONSTRUCTION: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 52 CONSTRUCTION: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 53 CONSTRUCTION: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 54 CONSTRUCTION: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.2 AUTOMOTIVE
10.2.2.1 Ease of maintenance by speeding up repetitive processes to drive demand
TABLE 55 AUTOMOTIVE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 56 AUTOMOTIVE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 57 AUTOMOTIVE: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 58 AUTOMOTIVE: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.3 AEROSPACE
10.2.3.1 Rising demand for fuel-efficient and quiet aircraft components to accelerate demand
TABLE 59 AEROSPACE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 60 AEROSPACE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 61 AEROSPACE: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 62 AEROSPACE: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.4 ENERGY
10.2.4.1 Increasing number of wind projects in developing countries to drive market
TABLE 63 ENERGY: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 64 ENERGY: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 65 ENERGY: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 66 ENERGY: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.5 SHIPBUILDING
10.2.5.1 Growing demand for screwdrivers, electric nutrunners, and impact wrenches to boost demand
TABLE 67 SHIPBUILDING: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 68 SHIPBUILDING: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 69 SHIPBUILDING: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 70 SHIPBUILDING: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.6 OTHER INDUSTRIES
TABLE 71 OTHER INDUSTRIES: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 72 OTHER INDUSTRIES: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 73 OTHER INDUSTRIES: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 74 OTHER INDUSTRIES: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.3 RESIDENTIAL/DIY
10.3.1 GROWING PREFERENCE FOR REMODELING AND REFURBISHING EXISTING HOMES TO BOOST DEMAND
TABLE 75 RESIDENTIAL/DIY: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 76 RESIDENTIAL/DIY: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
11 POWER TOOLS MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 43 POWER TOOLS MARKET, BY REGION
FIGURE 44 INDIA TO RECORD HIGHEST GROWTH RATE IN GLOBAL POWER TOOLS MARKET DURING FORECAST PERIOD
FIGURE 45 NORTH AMERICA TO DOMINATE GLOBAL POWER TOOLS MARKET FROM 2024 TO 2029
TABLE 77 POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 78 POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 IMPACT OF RECESSION ON POWER TOOLS MARKET IN NORTH AMERICA
FIGURE 46 NORTH AMERICA: POWER TOOLS MARKET SNAPSHOT
TABLE 79 NORTH AMERICA: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 80 NORTH AMERICA: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 81 NORTH AMERICA: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 82 NORTH AMERICA: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 83 NORTH AMERICA: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL, 2020–2023 (USD MILLION)
TABLE 84 NORTH AMERICA: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL, 2024–2029 (USD MILLION)
TABLE 85 NORTH AMERICA: POWER TOOLS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 86 NORTH AMERICA: POWER TOOLS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
11.2.2 US
11.2.2.1 Thriving automotive and construction industries to boost demand
11.2.3 CANADA
11.2.3.1 Rising demand in residential construction projects to drive market
11.2.4 MEXICO
11.2.4.1 Implementation of free-trade agreements to drive market
11.3 EUROPE
11.3.1 IMPACT OF RECESSION ON POWER TOOLS MARKET IN EUROPE
FIGURE 47 EUROPE: POWER TOOLS MARKET SNAPSHOT
TABLE 87 EUROPE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 88 EUROPE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 89 EUROPE: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 90 EUROPE: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 91 EUROPE: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL, 2020–2023 (USD MILLION)
TABLE 92 EUROPE: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL, 2024–2029 (USD MILLION)
TABLE 93 EUROPE: POWER TOOLS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 94 EUROPE: POWER TOOLS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Rising focus to upgrade assembly lines for smart manufacturing to boost demand
11.3.3 FRANCE
11.3.3.1 Presence of aircraft manufacturing companies to fuel market growth
11.3.4 UK
11.3.4.1 Increasing construction activities in residential and nonresidential sectors to boost demand
11.3.5 ITALY
11.3.5.1 Wind energy sector to offer lucrative growth opportunities for market players
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 IMPACT OF RECESSION ON POWER TOOLS MARKET IN ASIA PACIFIC
FIGURE 48 ASIA PACIFIC: POWER TOOLS MARKET SNAPSHOT
TABLE 95 ASIA PACIFIC: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 96 ASIA PACIFIC: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 97 ASIA PACIFIC: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 98 ASIA PACIFIC: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 99 ASIA PACIFIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 100 ASIA PACIFIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 101 ASIA PACIFIC: POWER TOOLS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 102 ASIA PACIFIC: POWER TOOLS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Low labor and material costs to drive market
11.4.3 JAPAN
11.4.3.1 Established global exporter of large construction vehicles to accelerate demand
11.4.4 INDIA
11.4.4.1 Government-led initiatives to boost construction industry to drive demand
11.4.5 SOUTH KOREA
11.4.5.1 Growing adoption in shipbuilding industry to accelerate demand
11.4.6 REST OF ASIA PACIFIC
11.5 ROW
11.5.1 IMPACT OF RECESSION ON POWER TOOLS MARKET IN ROW
TABLE 103 ROW: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 104 ROW: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 105 ROW: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 106 ROW: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 107 ROW: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 108 ROW: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 109 ROW: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 110 ROW: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
11.5.2 SOUTH AMERICA
11.5.2.1 Government-led initiatives to develop infrastructure to drive market
11.5.3 GCC COUNTRIES
11.5.3.1 Growing initiatives of smart city projects to drive market
11.5.4 AFRICA & REST OF MIDDLE EAST
11.5.4.1 Expanding commercial and residential real estate sectors to fuel market growth
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 STRATEGIES ADOPTED BY KEY PLAYERS, MARCH 2023–FEBRUARY 2024
TABLE 111 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN POWER TOOLS MARKET, MARCH 2023–FEBRUARY 2024
12.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
FIGURE 49 FIVE-YEAR REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2019–2023
12.4 MARKET SHARE ANALYSIS, 2023
TABLE 112 POWER TOOLS MARKET: DEGREE OF COMPETITION, 2023
FIGURE 50 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
FIGURE 51 VALUATION OF KEY PLAYERS IN POWER TOOLS MARKET, 2024
FIGURE 52 EV/EBITDA OF KEY PLAYERS, 2023
12.6 BRANDS/PRODUCTS COMPARISON
FIGURE 53 BRANDS/PRODUCTS COMPARISON
12.7 COMPETITIVE EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
FIGURE 54 POWER TOOLS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS
12.7.5.1 Company overall footprint
FIGURE 55 COMPANY OVERALL FOOTPRINT
12.7.5.2 Tool type footprint
TABLE 113 POWER TOOLS MARKET: TOOL TYPE FOOTPRINT
12.7.5.3 Mode of operation footprint
TABLE 114 POWER TOOLS MARKET: MODE OF OPERATION FOOTPRINT
12.7.5.4 Application footprint
TABLE 115 POWER TOOLS MARKET: APPLICATION FOOTPRINT
12.7.5.5 Region footprint
TABLE 116 POWER TOOLS MARKET: REGION FOOTPRINT
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
FIGURE 56 POWER TOOLS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
12.8.5 COMPETITIVE BENCHMARKING
12.8.5.1 Detailed list of startups/SMEs
TABLE 117 POWER TOOLS MARKET: LIST OF KEY STARTUPS/SMES
12.8.5.2 Competitive benchmarking of key startups/SMEs
TABLE 118 POWER TOOLS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.9 COMPETITIVE SCENARIOS AND TRENDS
12.9.1 PRODUCT LAUNCHES
TABLE 119 POWER TOOLS MARKET: PRODUCT LAUNCHES, JANUARY 2022–FEBRUARY 2024
12.9.2 DEALS
TABLE 120 POWER TOOLS MARKET: DEALS, JANUARY 2022–FEBRUARY 2024
13 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 KEY PLAYERS
13.1.1 STANLEY BLACK & DECKER, INC.
TABLE 121 STANLEY BLACK & DECKER, INC.: COMPANY OVERVIEW
FIGURE 57 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT
TABLE 122 STANLEY BLACK & DECKER, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 123 STANLEY BLACK & DECKER, INC.: PRODUCT LAUNCHES
TABLE 124 STANLEY BLACK & DECKER, INC.: OTHERS
13.1.2 ROBERT BOSCH GMBH
TABLE 125 ROBERT BOSCH GMBH: COMPANY OVERVIEW
FIGURE 58 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 126 ROBERT BOSCH GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 127 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
13.1.3 TECHTRONIC INDUSTRIES CO. LTD.
TABLE 128 TECHTRONIC INDUSTRIES CO. LTD.: COMPANY OVERVIEW
FIGURE 59 TECHTRONIC INDUSTRIES CO. LTD.: COMPANY SNAPSHOT
TABLE 129 TECHTRONIC INDUSTRIES CO. LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 130 TECHTRONIC INDUSTRIES CO. LTD.: PRODUCT LAUNCHES
13.1.4 MAKITA CORPORATION
TABLE 131 MAKITA CORPORATION: COMPANY OVERVIEW
FIGURE 60 MAKITA CORPORATION: COMPANY SNAPSHOT
TABLE 132 MAKITA CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 133 MAKITA CORPORATION: PRODUCT LAUNCHES
13.1.5 HILTI CORPORATION
TABLE 134 HILTI CORPORATION: COMPANY OVERVIEW
FIGURE 61 HILTI CORPORATION: COMPANY SNAPSHOT
TABLE 135 HILTI CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 136 HILTI CORPORATION: DEALS
13.1.6 ANDREAS STIHL AG & CO. KG
TABLE 137 ANDREAS STIHL AG & CO. KG: COMPANY OVERVIEW
TABLE 138 ANDREAS STIHL AG & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.7 APEX TOOL GROUP, LLC
TABLE 139 APEX TOOL GROUP, LLC: COMPANY OVERVIEW
TABLE 140 APEX TOOL GROUP, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.8 ATLAS COPCO AB
TABLE 141 ATLAS COPCO AB: COMPANY OVERVIEW
FIGURE 62 ATLAS COPCO AB: COMPANY SNAPSHOT
TABLE 142 ATLAS COPCO AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 143 ATLAS COPCO AB: PRODUCT LAUNCHES
13.1.9 INGERSOLL RAND
TABLE 144 INGERSOLL RAND: COMPANY OVERVIEW
FIGURE 63 INGERSOLL RAND: COMPANY SNAPSHOT
TABLE 145 INGERSOLL RAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 INGERSOLL RAND: DEALS
13.1.10 SNAP-ON INCORPORATED
TABLE 147 SNAP-ON INCORPORATED: COMPANY OVERVIEW
FIGURE 64 SNAP-ON INCORPORATED: COMPANY SNAPSHOT
TABLE 148 SNAP-ON INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 SNAP-ON INCORPORATED: PRODUCT LAUNCHES
TABLE 150 SNAP-ON INCORPORATED: DEALS
13.2 OTHER PLAYERS
13.2.1 KOKI HOLDINGS CO., LTD.
TABLE 151 KOKI HOLDINGS CO., LTD.: COMPANY OVERVIEW
13.2.2 YAMABIKO CORPORATION
TABLE 152 YAMABIKO CORPORATION: COMPANY OVERVIEW
13.2.3 PANASONIC INDUSTRY EUROPE GMBH
TABLE 153 PANASONIC INDUSTRY EUROPE GMBH: COMPANY OVERVIEW
13.2.4 KEN HOLDING CO., LTD
TABLE 154 KEN HOLDING CO., LTD: COMPANY OVERVIEW
13.2.5 DYNABRADE INC.
TABLE 155 DYNABRADE INC.: COMPANY OVERVIEW
13.2.6 AMICO
TABLE 156 AMICO: COMPANY OVERVIEW
13.2.7 C. & E. FEIN GMBH
TABLE 157 C. & E. FEIN GMBH: COMPANY OVERVIEW
13.2.8 CHERVON (CHINA) TRADING CO., LTD.
TABLE 158 CHERVON (CHINA) TRADING CO., LTD.: COMPANY OVERVIEW
13.2.9 CS UNITEC, INC.
TABLE 159 CS UNITEC, INC.: COMPANY OVERVIEW
13.2.10 FERM INTERNATIONAL B.V.
TABLE 160 FERM INTERNATIONAL B.V.: COMPANY OVERVIEW
13.2.11 INTERSKOL
TABLE 161 INTERSKOL: COMPANY OVERVIEW
13.2.12 POSITEC TOOL CORPORATION
TABLE 162 POSITEC TOOL CORPORATION: COMPANY OVERVIEW
13.2.13 RIDGID
TABLE 163 RIDGID: COMPANY OVERVIEW
13.2.14 GREENWORKSTOOLS
TABLE 164 GREENWORKSTOOLS: COMPANY OVERVIEW
13.2.15 URYU SEISAKU, LTD.
TABLE 165 URYU SEISAKU, LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 OUTDOOR POWER EQUIPMENT MARKET, BY APPLICATION
TABLE 166 OUTDOOR POWER EQUIPMENT MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 167 OUTDOOR POWER EQUIPMENT MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
14.3 COMMERCIAL
14.3.1 INCREASING CONSTRUCTION ACTIVITIES TO PROPEL MARKET GROWTH
TABLE 168 COMMERCIAL: OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2020–2023 (USD MILLION)
TABLE 169 COMMERCIAL: OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024–2029 (USD MILLION)
TABLE 170 COMMERCIAL: OUTDOOR POWER EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 171 COMMERCIAL: OUTDOOR POWER EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
14.4 RESIDENTIAL/DIY
14.4.1 GROWING POPULARITY OF DIY GARDENING CULTURE TO DRIVE MARKET
TABLE 172 RESIDENTIAL/DIY: OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2020–2023 (USD MILLION)
TABLE 173 RESIDENTIAL/DIY: OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024–2029 (USD MILLION)
TABLE 174 RESIDENTIAL/DIY: OUTDOOR POWER EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 175 RESIDENTIAL/DIY: OUTDOOR POWER EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 MARKETS COVERED
FIGURE 1 POWER TOOLS MARKET SEGMENTATION
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 POWER TOOLS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key interview participants
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF COMPONENTS AND POWER TOOLS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON POWER TOOLS MARKET
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 7 DRILLING AND FASTENING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
FIGURE 8 ELECTRIC SEGMENT TO DOMINATE MARKET FROM 2024 TO 2029
FIGURE 9 INDUSTRIAL/PROFESSIONAL SEGMENT TO HOLD LARGER MARKET SHARE IN 2029
FIGURE 10 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN POWER TOOLS MARKET
FIGURE 11 EXPANDING CONSTRUCTION INDUSTRY IN EMERGING ECONOMIES TO FUEL MARKET GROWTH
4.2 POWER TOOLS MARKET, BY TOOL TYPE
FIGURE 12 DRILLING AND FASTENING TOOLS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
4.3 POWER TOOLS MARKET, BY MODE OF OPERATION
FIGURE 13 ELECTRIC SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.4 POWER TOOLS MARKET, BY APPLICATION
FIGURE 14 INDUSTRIAL/PROFESSIONAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.5 POWER TOOLS MARKET, BY COUNTRY
FIGURE 15 INDIA TO RECORD HIGHEST CAGR IN GLOBAL POWER TOOLS MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 POWER TOOLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing construction activities worldwide
5.2.1.2 Thriving automotive sector
5.2.1.3 Rising preference for battery-powered tools owing to advances in battery technology
5.2.1.4 Surging use of electric fastening tools in various industries
FIGURE 17 POWER TOOLS MARKET: IMPACT OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High maintenance costs
5.2.2.2 Fluctuating raw material prices
FIGURE 18 POWER TOOLS MARKET: IMPACT OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use of wind energy
FIGURE 19 GLOBAL TREND OF WIND POWER CAPACITY (GW), 2016–2022
5.2.3.2 Development of smart and connected power tools
5.2.3.3 Growing demand for power tools by residential consumers
FIGURE 20 POWER TOOLS MARKET: IMPACT OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Difficulties in designing ergonomic and lightweight power tools
5.2.4.2 Stringent trade policies and safety standards
FIGURE 21 POWER TOOLS MARKET: IMPACT OF CHALLENGES
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 PRICING ANALYSIS
5.4.1 INDICATIVE PRICING TREND OF POWER TOOLS PROVIDED BY MARKET PLAYERS, BY TOOL TYPE, 2023 (USD)
FIGURE 23 INDICATIVE PRICING TREND OF POWER TOOLS OFFERED BY KEY PLAYERS, BY TOOL TYPE, 2023 (USD)
TABLE 1 INDICATIVE PRICING TREND OF POWER TOOLS PROVIDED BY KEY PLAYERS, BY TOOL TYPE, 2023 (USD)
FIGURE 24 AVERAGE SELLING PRICING TREND OF POWER TOOLS, BY TOOL TYPE, 2019–2023 (USD)
5.4.2 AVERAGE SELLING PRICE TREND OF POWER TOOLS, BY REGION, 2019–2023 (USD)
FIGURE 25 AVERAGE SELLING PRICE TREND OF POWER TOOLS, BY REGION, 2019–2023 (USD)
5.5 SUPPLY CHAIN ANALYSIS
FIGURE 26 GLOBAL POWER TOOLS MARKET: SUPPLY CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
FIGURE 27 KEY PLAYERS IN ECOSYSTEM
TABLE 2 ROLE OF PLAYERS IN POWER TOOLS ECOSYSTEM
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Smart and connected assembly power tools
5.7.1.2 Brushless DC motors
5.7.2 COMPLEMENTARY TECHNOLOGIES
5.7.2.1 40V MAX and 80V MAX lithium-ion batteries
5.7.2.2 Wireless charging
5.7.3 ADJACENT TECHNOLOGY
5.7.3.1 Easy start system
5.8 PATENT ANALYSIS
FIGURE 28 TOP 10 COMPANIES WITH SIGNIFICANT NUMBER OF PATENT APPLICATIONS FROM 2014 TO 2023
TABLE 3 MAJOR PATENT OWNERS IN POWER TOOLS MARKET
5.8.1 LIST OF MAJOR PATENTS, 2022–2023
5.9 TRADE ANALYSIS
5.9.1 IMPORT DATA
FIGURE 29 IMPORT DATA FOR HS CODE 8467-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.9.2 EXPORT DATA
FIGURE 30 EXPORT DATA FOR HS CODE 8467-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.10 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 4 POWER TOOLS MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
5.11 CASE STUDY ANALYSIS
5.11.1 DI ENVIRONMENT IMPLEMENTED TRELAWNY’S VL303 VIBRO-LO NEEDLE SCALERS TO REDUCE OPERATOR FATIGUE AND DOWNTIME
5.11.2 BIG IMPLEMENTATION ADOPTED CS UNITEC’S MAB 485 PORTABLE MAGNETIC DRILL FOR DRILLING BOEING 747
5.11.3 RICHMOND PRIMOID DEPLOYED HILTI CORPORATION’S HIGH-QUALITY TOOLS TO ENHANCE JOB EFFICIENCY AND STREAMLINE OPERATIONS
5.12 REGULATIONS AND STANDARDS
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.2 STANDARDS
TABLE 9 POWER TOOLS MARKET: STANDARDS
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 10 POWER TOOLS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 31 POWER TOOLS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF NEW ENTRANTS
5.13.2 THREAT OF SUBSTITUTES
5.13.3 BARGAINING POWER OF SUPPLIERS
5.13.4 BARGAINING POWER OF BUYERS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING CRITERIA
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIAL/PROFESSIONAL APPLICATIONS
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIAL/PROFESSIONAL APPLICATIONS (%)
5.14.2 BUYING CRITERIA
FIGURE 33 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIAL/PROFESSIONAL APPLICATIONS
TABLE 12 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIAL/PROFESSIONAL APPLICATIONS
6 APPLICATIONS OF POWER TOOLS ON DIFFERENT MATERIALS
6.1 INTRODUCTION
FIGURE 34 APPLICATIONS OF POWER TOOLS ON DIFFERENT MATERIALS
6.2 BRICKS/BLOCKS
6.3 CONCRETES
6.4 GLASSES
6.5 WOODS/METALS
6.6 OTHER MATERIALS
7 DISTRIBUTION CHANNELS OF POWER TOOLS
7.1 INTRODUCTION
FIGURE 35 DISTRIBUTION CHANNELS OF POWER TOOLS
7.2 ONLINE
7.3 OFFLINE
8 POWER TOOLS MARKET, BY TOOL TYPE
8.1 INTRODUCTION
FIGURE 36 POWER TOOLS MARKET, BY TOOL TYPE
FIGURE 37 DRILLING AND FASTENING TOOLS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 13 POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 14 POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 15 POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (MILLION UNITS)
TABLE 16 POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (MILLION UNITS)
8.2 DRILLING AND FASTENING TOOLS
8.2.1 DRILLS
8.2.1.1 Portability and light weight of corded power drills to boost demand
8.2.2 IMPACT DRIVERS
8.2.2.1 Ability to provide high torque to drive market
8.2.3 IMPACT WRENCHES
8.2.3.1 Increasing demand from solar industry to offer lucrative growth opportunities
8.2.4 SCREWDRIVERS AND NUTRUNNERS
8.2.4.1 Rising use in aerospace and automotive assembly operations to drive market
8.3 DEMOLITION TOOLS
8.3.1 ROTARY HAMMERS/HAMMER DRILLS/DEMOLITION HAMMERS
8.3.1.1 Rapid demolition of brittle materials with fast drilling and minimum efforts to boost demand
8.4 SAWING AND CUTTING TOOLS
8.4.1 JIGSAWS
8.4.1.1 Rising demand for lightweight and high-speed equipment to foster segmental growth
8.4.2 RECIPROCATING SAWS
8.4.2.1 Growing application in construction and demolition to fuel market growth
8.4.3 CIRCULAR SAWS
8.4.3.1 Expansion of construction industry to propel market
8.4.4 BAND SAWS
8.4.4.1 Increasing use for cutting irregular or curved jigsaws to drive market
8.4.5 SHEARS & NIBBLERS
8.4.5.1 Ability to cut nonferrous metals and plastics from thin plates and strips to boost demand
8.5 MATERIAL REMOVAL TOOLS
8.5.1 SANDERS/POLISHERS/BUFFERS
8.5.1.1 Growing application in industrial and residential sectors to drive market
8.5.2 AIR SCALERS
8.5.2.1 Efficiency in cleaning and removing old paint from metal surfaces to fuel market growth
8.5.3 GRINDERS
8.5.3.1 Growing utilization in abrasive cutting, grinding, and polishing to foster segmental growth
8.5.3.2 Angle grinders
8.5.3.2.1 Growing demand at construction sites for metal fabrications to fuel market growth
8.5.3.3 Die and straight grinders
8.5.3.3.1 Suitability for metal grinding and shipyard maintenance to accelerate demand
8.6 ROUTING TOOLS
8.6.1 QUICK-ACTING SAFETY BRAKE SYSTEM AND SPINDLE-STOP CUTTER-CHANGING FEATURES TO STIMULATE DEMAND
8.6.2 ROUTERS/PLANERS/JOINERS
8.6.2.1 Palm routers and laminate trimmers
8.6.2.1.1 Excellence in creating decorative or corrective edges and crafting crown moldings to drive market
8.7 OTHER TOOLS
9 POWER TOOLS MARKET, BY MODE OF OPERATION
9.1 INTRODUCTION
FIGURE 38 POWER TOOLS MARKET, BY MODE OF OPERATION
FIGURE 39 ELECTRIC SEGMENT TO DOMINATE MARKET IN 2029
TABLE 17 POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 18 POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
9.2 ELECTRIC
TABLE 19 ELECTRIC: POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 20 ELECTRIC: POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 21 ELECTRIC: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 22 ELECTRIC: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 23 ELECTRIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 24 ELECTRIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 25 ELECTRIC: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 26 ELECTRIC: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 27 ELECTRIC: POWER TOOLS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 28 ELECTRIC: POWER TOOLS MARKET, BY TYPE, 2024–2029 (USD MILLION)
9.2.1 CORDED TOOLS
9.2.1.1 Growing applications for drilling and mining operations to drive market
9.2.2 CORDLESS TOOLS
9.2.2.1 Independence from secondary power sources to fuel market growth
9.3 PNEUMATIC
9.3.1 GROWING DEMAND FROM AUTOMOTIVE INDUSTRY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
TABLE 29 PNEUMATIC: POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 30 PNEUMATIC: POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 31 PNEUMATIC: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 32 PNEUMATIC: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 33 PNEUMATIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 34 PNEUMATIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 35 PNEUMATIC: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 36 PNEUMATIC: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
9.4 HYDRAULIC
9.4.1 INCREASING USES IN ROAD CONSTRUCTIONS AND TRENCH EXCAVATIONS TO BOOST DEMAND
TABLE 37 HYDRAULIC: POWER TOOLS MARKET, BY TOOL TYPE, 2020–2023 (USD MILLION)
TABLE 38 HYDRAULIC: POWER TOOLS MARKET, BY TOOL TYPE, 2024–2029 (USD MILLION)
TABLE 39 HYDRAULIC: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 40 HYDRAULIC: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 41 HYDRAULIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 42 HYDRAULIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 43 HYDRAULIC: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 44 HYDRAULIC: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10 POWER TOOLS MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 40 POWER TOOLS MARKET, BY APPLICATION
FIGURE 41 RESIDENTIAL/DIY SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
TABLE 45 POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 46 POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
10.2 INDUSTRIAL/PROFESSIONAL
FIGURE 42 CONSTRUCTION SEGMENT TO DOMINATE POWER TOOLS MARKET FOR INDUSTRIAL/PROFESSIONAL APPLICATIONS IN 2029
TABLE 47 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 48 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 49 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 50 INDUSTRIAL/PROFESSIONAL: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.1 CONSTRUCTION
10.2.1.1 Growing demand for impact drills and rotary hammers in construction projects to boost demand
TABLE 51 CONSTRUCTION: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 52 CONSTRUCTION: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 53 CONSTRUCTION: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 54 CONSTRUCTION: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.2 AUTOMOTIVE
10.2.2.1 Ease of maintenance by speeding up repetitive processes to drive demand
TABLE 55 AUTOMOTIVE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 56 AUTOMOTIVE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 57 AUTOMOTIVE: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 58 AUTOMOTIVE: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.3 AEROSPACE
10.2.3.1 Rising demand for fuel-efficient and quiet aircraft components to accelerate demand
TABLE 59 AEROSPACE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 60 AEROSPACE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 61 AEROSPACE: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 62 AEROSPACE: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.4 ENERGY
10.2.4.1 Increasing number of wind projects in developing countries to drive market
TABLE 63 ENERGY: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 64 ENERGY: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 65 ENERGY: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 66 ENERGY: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.5 SHIPBUILDING
10.2.5.1 Growing demand for screwdrivers, electric nutrunners, and impact wrenches to boost demand
TABLE 67 SHIPBUILDING: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 68 SHIPBUILDING: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 69 SHIPBUILDING: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 70 SHIPBUILDING: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.2.6 OTHER INDUSTRIES
TABLE 71 OTHER INDUSTRIES: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 72 OTHER INDUSTRIES: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 73 OTHER INDUSTRIES: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 74 OTHER INDUSTRIES: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.3 RESIDENTIAL/DIY
10.3.1 GROWING PREFERENCE FOR REMODELING AND REFURBISHING EXISTING HOMES TO BOOST DEMAND
TABLE 75 RESIDENTIAL/DIY: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 76 RESIDENTIAL/DIY: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
11 POWER TOOLS MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 43 POWER TOOLS MARKET, BY REGION
FIGURE 44 INDIA TO RECORD HIGHEST GROWTH RATE IN GLOBAL POWER TOOLS MARKET DURING FORECAST PERIOD
FIGURE 45 NORTH AMERICA TO DOMINATE GLOBAL POWER TOOLS MARKET FROM 2024 TO 2029
TABLE 77 POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 78 POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 IMPACT OF RECESSION ON POWER TOOLS MARKET IN NORTH AMERICA
FIGURE 46 NORTH AMERICA: POWER TOOLS MARKET SNAPSHOT
TABLE 79 NORTH AMERICA: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 80 NORTH AMERICA: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 81 NORTH AMERICA: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 82 NORTH AMERICA: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 83 NORTH AMERICA: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL, 2020–2023 (USD MILLION)
TABLE 84 NORTH AMERICA: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL, 2024–2029 (USD MILLION)
TABLE 85 NORTH AMERICA: POWER TOOLS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 86 NORTH AMERICA: POWER TOOLS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
11.2.2 US
11.2.2.1 Thriving automotive and construction industries to boost demand
11.2.3 CANADA
11.2.3.1 Rising demand in residential construction projects to drive market
11.2.4 MEXICO
11.2.4.1 Implementation of free-trade agreements to drive market
11.3 EUROPE
11.3.1 IMPACT OF RECESSION ON POWER TOOLS MARKET IN EUROPE
FIGURE 47 EUROPE: POWER TOOLS MARKET SNAPSHOT
TABLE 87 EUROPE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 88 EUROPE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 89 EUROPE: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 90 EUROPE: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 91 EUROPE: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL, 2020–2023 (USD MILLION)
TABLE 92 EUROPE: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL, 2024–2029 (USD MILLION)
TABLE 93 EUROPE: POWER TOOLS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 94 EUROPE: POWER TOOLS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Rising focus to upgrade assembly lines for smart manufacturing to boost demand
11.3.3 FRANCE
11.3.3.1 Presence of aircraft manufacturing companies to fuel market growth
11.3.4 UK
11.3.4.1 Increasing construction activities in residential and nonresidential sectors to boost demand
11.3.5 ITALY
11.3.5.1 Wind energy sector to offer lucrative growth opportunities for market players
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 IMPACT OF RECESSION ON POWER TOOLS MARKET IN ASIA PACIFIC
FIGURE 48 ASIA PACIFIC: POWER TOOLS MARKET SNAPSHOT
TABLE 95 ASIA PACIFIC: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 96 ASIA PACIFIC: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 97 ASIA PACIFIC: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 98 ASIA PACIFIC: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 99 ASIA PACIFIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 100 ASIA PACIFIC: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 101 ASIA PACIFIC: POWER TOOLS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 102 ASIA PACIFIC: POWER TOOLS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Low labor and material costs to drive market
11.4.3 JAPAN
11.4.3.1 Established global exporter of large construction vehicles to accelerate demand
11.4.4 INDIA
11.4.4.1 Government-led initiatives to boost construction industry to drive demand
11.4.5 SOUTH KOREA
11.4.5.1 Growing adoption in shipbuilding industry to accelerate demand
11.4.6 REST OF ASIA PACIFIC
11.5 ROW
11.5.1 IMPACT OF RECESSION ON POWER TOOLS MARKET IN ROW
TABLE 103 ROW: POWER TOOLS MARKET, BY MODE OF OPERATION, 2020–2023 (USD MILLION)
TABLE 104 ROW: POWER TOOLS MARKET, BY MODE OF OPERATION, 2024–2029 (USD MILLION)
TABLE 105 ROW: POWER TOOLS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 106 ROW: POWER TOOLS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 107 ROW: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2020–2023 (USD MILLION)
TABLE 108 ROW: POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2024–2029 (USD MILLION)
TABLE 109 ROW: POWER TOOLS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 110 ROW: POWER TOOLS MARKET, BY REGION, 2024–2029 (USD MILLION)
11.5.2 SOUTH AMERICA
11.5.2.1 Government-led initiatives to develop infrastructure to drive market
11.5.3 GCC COUNTRIES
11.5.3.1 Growing initiatives of smart city projects to drive market
11.5.4 AFRICA & REST OF MIDDLE EAST
11.5.4.1 Expanding commercial and residential real estate sectors to fuel market growth
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 STRATEGIES ADOPTED BY KEY PLAYERS, MARCH 2023–FEBRUARY 2024
TABLE 111 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN POWER TOOLS MARKET, MARCH 2023–FEBRUARY 2024
12.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
FIGURE 49 FIVE-YEAR REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2019–2023
12.4 MARKET SHARE ANALYSIS, 2023
TABLE 112 POWER TOOLS MARKET: DEGREE OF COMPETITION, 2023
FIGURE 50 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
FIGURE 51 VALUATION OF KEY PLAYERS IN POWER TOOLS MARKET, 2024
FIGURE 52 EV/EBITDA OF KEY PLAYERS, 2023
12.6 BRANDS/PRODUCTS COMPARISON
FIGURE 53 BRANDS/PRODUCTS COMPARISON
12.7 COMPETITIVE EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
FIGURE 54 POWER TOOLS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS
12.7.5.1 Company overall footprint
FIGURE 55 COMPANY OVERALL FOOTPRINT
12.7.5.2 Tool type footprint
TABLE 113 POWER TOOLS MARKET: TOOL TYPE FOOTPRINT
12.7.5.3 Mode of operation footprint
TABLE 114 POWER TOOLS MARKET: MODE OF OPERATION FOOTPRINT
12.7.5.4 Application footprint
TABLE 115 POWER TOOLS MARKET: APPLICATION FOOTPRINT
12.7.5.5 Region footprint
TABLE 116 POWER TOOLS MARKET: REGION FOOTPRINT
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
FIGURE 56 POWER TOOLS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
12.8.5 COMPETITIVE BENCHMARKING
12.8.5.1 Detailed list of startups/SMEs
TABLE 117 POWER TOOLS MARKET: LIST OF KEY STARTUPS/SMES
12.8.5.2 Competitive benchmarking of key startups/SMEs
TABLE 118 POWER TOOLS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.9 COMPETITIVE SCENARIOS AND TRENDS
12.9.1 PRODUCT LAUNCHES
TABLE 119 POWER TOOLS MARKET: PRODUCT LAUNCHES, JANUARY 2022–FEBRUARY 2024
12.9.2 DEALS
TABLE 120 POWER TOOLS MARKET: DEALS, JANUARY 2022–FEBRUARY 2024
13 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 KEY PLAYERS
13.1.1 STANLEY BLACK & DECKER, INC.
TABLE 121 STANLEY BLACK & DECKER, INC.: COMPANY OVERVIEW
FIGURE 57 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT
TABLE 122 STANLEY BLACK & DECKER, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 123 STANLEY BLACK & DECKER, INC.: PRODUCT LAUNCHES
TABLE 124 STANLEY BLACK & DECKER, INC.: OTHERS
13.1.2 ROBERT BOSCH GMBH
TABLE 125 ROBERT BOSCH GMBH: COMPANY OVERVIEW
FIGURE 58 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 126 ROBERT BOSCH GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 127 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
13.1.3 TECHTRONIC INDUSTRIES CO. LTD.
TABLE 128 TECHTRONIC INDUSTRIES CO. LTD.: COMPANY OVERVIEW
FIGURE 59 TECHTRONIC INDUSTRIES CO. LTD.: COMPANY SNAPSHOT
TABLE 129 TECHTRONIC INDUSTRIES CO. LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 130 TECHTRONIC INDUSTRIES CO. LTD.: PRODUCT LAUNCHES
13.1.4 MAKITA CORPORATION
TABLE 131 MAKITA CORPORATION: COMPANY OVERVIEW
FIGURE 60 MAKITA CORPORATION: COMPANY SNAPSHOT
TABLE 132 MAKITA CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 133 MAKITA CORPORATION: PRODUCT LAUNCHES
13.1.5 HILTI CORPORATION
TABLE 134 HILTI CORPORATION: COMPANY OVERVIEW
FIGURE 61 HILTI CORPORATION: COMPANY SNAPSHOT
TABLE 135 HILTI CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 136 HILTI CORPORATION: DEALS
13.1.6 ANDREAS STIHL AG & CO. KG
TABLE 137 ANDREAS STIHL AG & CO. KG: COMPANY OVERVIEW
TABLE 138 ANDREAS STIHL AG & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.7 APEX TOOL GROUP, LLC
TABLE 139 APEX TOOL GROUP, LLC: COMPANY OVERVIEW
TABLE 140 APEX TOOL GROUP, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.8 ATLAS COPCO AB
TABLE 141 ATLAS COPCO AB: COMPANY OVERVIEW
FIGURE 62 ATLAS COPCO AB: COMPANY SNAPSHOT
TABLE 142 ATLAS COPCO AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 143 ATLAS COPCO AB: PRODUCT LAUNCHES
13.1.9 INGERSOLL RAND
TABLE 144 INGERSOLL RAND: COMPANY OVERVIEW
FIGURE 63 INGERSOLL RAND: COMPANY SNAPSHOT
TABLE 145 INGERSOLL RAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 INGERSOLL RAND: DEALS
13.1.10 SNAP-ON INCORPORATED
TABLE 147 SNAP-ON INCORPORATED: COMPANY OVERVIEW
FIGURE 64 SNAP-ON INCORPORATED: COMPANY SNAPSHOT
TABLE 148 SNAP-ON INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 SNAP-ON INCORPORATED: PRODUCT LAUNCHES
TABLE 150 SNAP-ON INCORPORATED: DEALS
13.2 OTHER PLAYERS
13.2.1 KOKI HOLDINGS CO., LTD.
TABLE 151 KOKI HOLDINGS CO., LTD.: COMPANY OVERVIEW
13.2.2 YAMABIKO CORPORATION
TABLE 152 YAMABIKO CORPORATION: COMPANY OVERVIEW
13.2.3 PANASONIC INDUSTRY EUROPE GMBH
TABLE 153 PANASONIC INDUSTRY EUROPE GMBH: COMPANY OVERVIEW
13.2.4 KEN HOLDING CO., LTD
TABLE 154 KEN HOLDING CO., LTD: COMPANY OVERVIEW
13.2.5 DYNABRADE INC.
TABLE 155 DYNABRADE INC.: COMPANY OVERVIEW
13.2.6 AMICO
TABLE 156 AMICO: COMPANY OVERVIEW
13.2.7 C. & E. FEIN GMBH
TABLE 157 C. & E. FEIN GMBH: COMPANY OVERVIEW
13.2.8 CHERVON (CHINA) TRADING CO., LTD.
TABLE 158 CHERVON (CHINA) TRADING CO., LTD.: COMPANY OVERVIEW
13.2.9 CS UNITEC, INC.
TABLE 159 CS UNITEC, INC.: COMPANY OVERVIEW
13.2.10 FERM INTERNATIONAL B.V.
TABLE 160 FERM INTERNATIONAL B.V.: COMPANY OVERVIEW
13.2.11 INTERSKOL
TABLE 161 INTERSKOL: COMPANY OVERVIEW
13.2.12 POSITEC TOOL CORPORATION
TABLE 162 POSITEC TOOL CORPORATION: COMPANY OVERVIEW
13.2.13 RIDGID
TABLE 163 RIDGID: COMPANY OVERVIEW
13.2.14 GREENWORKSTOOLS
TABLE 164 GREENWORKSTOOLS: COMPANY OVERVIEW
13.2.15 URYU SEISAKU, LTD.
TABLE 165 URYU SEISAKU, LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 OUTDOOR POWER EQUIPMENT MARKET, BY APPLICATION
TABLE 166 OUTDOOR POWER EQUIPMENT MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 167 OUTDOOR POWER EQUIPMENT MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
14.3 COMMERCIAL
14.3.1 INCREASING CONSTRUCTION ACTIVITIES TO PROPEL MARKET GROWTH
TABLE 168 COMMERCIAL: OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2020–2023 (USD MILLION)
TABLE 169 COMMERCIAL: OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024–2029 (USD MILLION)
TABLE 170 COMMERCIAL: OUTDOOR POWER EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 171 COMMERCIAL: OUTDOOR POWER EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
14.4 RESIDENTIAL/DIY
14.4.1 GROWING POPULARITY OF DIY GARDENING CULTURE TO DRIVE MARKET
TABLE 172 RESIDENTIAL/DIY: OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2020–2023 (USD MILLION)
TABLE 173 RESIDENTIAL/DIY: OUTDOOR POWER EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2024–2029 (USD MILLION)
TABLE 174 RESIDENTIAL/DIY: OUTDOOR POWER EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 175 RESIDENTIAL/DIY: OUTDOOR POWER EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
