Power Tools Market Size, Share, and Analysis, By Product Type (Drilling Tool, Fastening Tool, Heat Gun, Angle Grinder, Chain Saw, Orbital Sander, Jigsaw, Impact Wrench, Circular Saw), By Technology (Electric, Pneumatic), By Sales Channel (Online, Offline), By Application (Manufacturing, MRO Services, DIY, Construction) and Regional Forecasts, 2022-2032
Power Tools Market Size, Share, and Analysis, By Product Type (Drilling Tool, Fastening Tool, Heat Gun, Angle Grinder, Chain Saw, Orbital Sander, Jigsaw, Impact Wrench, Circular Saw), By Technology (Electric, Pneumatic), By Sales Channel (Online, Offline), By Application (Manufacturing, MRO Services, DIY, Construction) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Power Tools Market size was USD 31.59 billion in 2021 and projected to grow from USD 35.5 billion in 2023 to USD 60.7 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period.
Power Tools are precisely the portable power tools or power-driven hand tools. These names and tools are different from the still power tools like the jointer or miter saw. While these power tools are usually driven by power, the class also comprises small pneumatic tools powered by compressed air like air impact hammers and wrenches. The commonly used power tools are the circular saw (electric) and the electric drill.
MARKET HIGHLIGHTS
Power Tools Market is expected to reach USD 60.7 billion, growing at a CAGR of 6.1% during the forecast period owing to the growing demand for power tools in the manufacturing and automotive industries and expanding use of these tools in multiple functionalities and applications. Moreover, expansion and growth of end use verticals are expected to boost the Power Tools Market over the forecast period.
Power Tools Market Segments:
Growth Drivers
Speedy Expansion of the Construction Sector and Growing Demand of Power Tools from SMEs are Expected to Boost the Market Growth
Growing Industrialization Worldwide is Expected to Boost the Market Growth
Restraint
Price Fluctuations and Market Volatility to Restrain the Market Growth
Key Players
PRODUCT OVERVIEW
Power Tools Market size was USD 31.59 billion in 2021 and projected to grow from USD 35.5 billion in 2023 to USD 60.7 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period.
Power Tools are precisely the portable power tools or power-driven hand tools. These names and tools are different from the still power tools like the jointer or miter saw. While these power tools are usually driven by power, the class also comprises small pneumatic tools powered by compressed air like air impact hammers and wrenches. The commonly used power tools are the circular saw (electric) and the electric drill.
MARKET HIGHLIGHTS
Power Tools Market is expected to reach USD 60.7 billion, growing at a CAGR of 6.1% during the forecast period owing to the growing demand for power tools in the manufacturing and automotive industries and expanding use of these tools in multiple functionalities and applications. Moreover, expansion and growth of end use verticals are expected to boost the Power Tools Market over the forecast period.
Power Tools Market Segments:
- Product Type
- Drilling Tool
- Fastening Tool
- Heat Gun
- Angle Grinder
- Chain Saw
- Orbital Sander
- Jigsaw
- Impact Wrench
- Circular Saw
- Technology
- Electric
- Pneumatic
- Sales Channel
- Online
- Offline
- Application
- Manufacturing
- MRO Services
- DIY
- Construction
Growth Drivers
Speedy Expansion of the Construction Sector and Growing Demand of Power Tools from SMEs are Expected to Boost the Market Growth
Growing Industrialization Worldwide is Expected to Boost the Market Growth
Restraint
Price Fluctuations and Market Volatility to Restrain the Market Growth
Key Players
- Robert Bosch GmbH
- 3M
- Emerson Electric Co.
- Stanley Black & Decker Inc.
- KYOCERA Corporation
- Techtronic Industries Co. Ltd.
- Atlas Copco AB
- Hilti Corporation
- Ingersoll Rand
- Husqvarna AB
- Makita Corporation
- Snap-on Incorporated
- Apex Tool Group
- Koki Holding Co. Ltd.
- Festool GmbH
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3. Power Tools Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Power Tools Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. POWER TOOLS MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. MARKET ANALYSIS
8.1. Porters Five Forces
8.2. PEST Analysis
8.2.1. Political
8.2.2.Economic
8.2.3.Social
8.2.4.Technological
9. POWER TOOLS MARKET
9.1. Overview
9.2.Historical Analysis (2016-2021)
9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
10. POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
10.3.1. By Product Type
10.3.1.1.Drilling Tool
10.3.1.1.1.By Value (USD Million) 2022-2032F
10.3.1.1.2. Market Share (%) 2022-2032F
10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.2. Fastening Tool
10.3.1.2.1. By Value (USD Million) 2022-2032F
10.3.1.2.2.Market Share (%) 2022-2032F
10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.3. Heat Gun
10.3.1.3.1. By Value (USD Million) 2022-2032F
10.3.1.3.2.Market Share (%) 2022-2032F
10.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.4. Angle Grinder
10.3.1.4.1.By Value (USD Million) 2022-2032F
10.3.1.4.2. Market Share (%) 2022-2032F
10.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.5. Chain Saw
10.3.1.5.1. By Value (USD Million) 2022-2032F
10.3.1.5.2.Market Share (%) 2022-2032F
10.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.6. Orbital Sander
10.3.1.6.1. By Value (USD Million) 2022-2032F
10.3.1.6.2.Market Share (%) 2022-2032F
10.3.1.6.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.7. Jigsaw
10.3.1.7.1. By Value (USD Million) 2022-2032F
10.3.1.7.2.Market Share (%) 2022-2032F
10.3.1.7.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.8. Impact Wrench
10.3.1.8.1. By Value (USD Million) 2022-2032F
10.3.1.8.2. Market Share (%) 2022-2032F
10.3.1.8.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.9. Circular Saw
10.3.1.9.1. By Value (USD Million) 2022-2032F
10.3.1.9.2.Market Share (%) 2022-2032F
10.3.1.9.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.By Technology
10.3.2.1. Electric
10.3.2.1.1. By Value (USD Million) 2022-2032F
10.3.2.1.2.Market Share (%) 2022-2032F
10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.2.Pneumatic
10.3.2.2.1.By Value (USD Million) 2022-2032F
10.3.2.2.2. Market Share (%) 2022-2032F
10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.3.By Sales Channel
10.3.3.1. Online
10.3.3.1.1. By Value (USD Million) 2022-2032F
10.3.3.1.2.Market Share (%) 2022-2032F
10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.3.2.Offline
10.3.3.2.1.By Value (USD Million) 2022-2032F
10.3.3.2.2. Market Share (%) 2022-2032F
10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.4.By Application
10.3.4.1. Manufacturing
10.3.4.1.1.By Value (USD Million) 2022-2032F
10.3.4.1.2. Market Share (%) 2022-2032F
10.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.4.2.MRO Services
10.3.4.2.1. By Value (USD Million) 2022-2032F
10.3.4.2.2.Market Share (%) 2022-2032F
10.3.4.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.4.3.DIY
10.3.4.3.1. By Value (USD Million) 2022-2032F
10.3.4.3.2.Market Share (%) 2022-2032F
10.3.4.3.3.Y-o-Y Growth (%) 2022-2032F
10.3.4.4. Construction
10.3.4.4.1. By Value (USD Million) 2022-2032F
10.3.4.4.2.Market Share (%) 2022-2032F
10.3.4.4.3.Y-o-Y Growth (%) 2022-2032F
11.NORTH AMERICA POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Product Type
11.3.2. By Technology
11.3.3. Sales Channel
11.3.4. By Application
11.4.Country
11.4.1. United States
11.4.2.Canada
12. EUROPE POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product Type
12.3.2.By Technology
12.3.3.By Sales Channel
12.3.4.By Application
12.4. Country
12.4.1.Germany
12.4.2. United Kingdom
12.4.3. France
12.4.4. Italy
12.4.5. Spain
12.4.6. Russia
12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
13. ASIA POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product Type
13.3.2.By Technology
13.3.3.By Sales Channel
13.3.4.By Application
13.4. Country
13.4.1.India
13.4.2. China
13.4.3. South Korea
13.4.4. Japan
13.4.5. Rest of APAC
14. MIDDLE EAST AND AFRICA POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product Type
14.3.2.By Technology
14.3.3.By Sales Channel
14.3.4. By Application
14.4. Country
14.4.1.Israel
14.4.2. GCC
14.4.3. North Africa
14.4.4. South Africa
14.4.5. Rest of Middle East and Africa
15. LATIN AMERICA POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product Type
15.3.2.By Technology
15.3.3.By Sales Channel
15.3.4.By Application
15.4. Country
15.4.1.Mexico
15.4.2. Brazil
15.4.3. Rest of Latin America
16. COMPETITIVE LANDSCAPE
16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders
17. COMPANY PROFILES
17.1.Robert Bosch GmbH
17.1.1.Company Overview
17.1.2. Financial Overview
17.1.3. Key Product; Analysis
17.1.4.Company Assessment
17.1.4.1.Product Portfolio
17.1.4.2. Key Clients
17.1.4.3. Market Share
17.1.4.4. Recent News & Development (Last 3 Yrs.)
17.1.4.5. Executive Team
17.2. 3M
17.3. Emerson Electric Co.
17.4. Stanley Black & Decker Inc.
17.5. KYOCERA Corporation
17.6. Techtronic Industries Co. Ltd.
17.7. Atlas Copco AB
17.8. Hilti Corporation
17.9. Ingersoll Rand
17.10. Husqvarna AB
17.11.Makita Corporation
17.12. Snap-on Incorporated
17.13. Apex Tool Group
17.14. Koki Holding Co. Ltd.
17.15. Festool GmbH
17.16. Other Prominent Players
18. APPENDIX
19. CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3. Power Tools Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Power Tools Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. POWER TOOLS MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. MARKET ANALYSIS
8.1. Porters Five Forces
8.2. PEST Analysis
8.2.1. Political
8.2.2.Economic
8.2.3.Social
8.2.4.Technological
9. POWER TOOLS MARKET
9.1. Overview
9.2.Historical Analysis (2016-2021)
9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
10. POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
10.3.1. By Product Type
10.3.1.1.Drilling Tool
10.3.1.1.1.By Value (USD Million) 2022-2032F
10.3.1.1.2. Market Share (%) 2022-2032F
10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.2. Fastening Tool
10.3.1.2.1. By Value (USD Million) 2022-2032F
10.3.1.2.2.Market Share (%) 2022-2032F
10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.3. Heat Gun
10.3.1.3.1. By Value (USD Million) 2022-2032F
10.3.1.3.2.Market Share (%) 2022-2032F
10.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.4. Angle Grinder
10.3.1.4.1.By Value (USD Million) 2022-2032F
10.3.1.4.2. Market Share (%) 2022-2032F
10.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.5. Chain Saw
10.3.1.5.1. By Value (USD Million) 2022-2032F
10.3.1.5.2.Market Share (%) 2022-2032F
10.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.6. Orbital Sander
10.3.1.6.1. By Value (USD Million) 2022-2032F
10.3.1.6.2.Market Share (%) 2022-2032F
10.3.1.6.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.7. Jigsaw
10.3.1.7.1. By Value (USD Million) 2022-2032F
10.3.1.7.2.Market Share (%) 2022-2032F
10.3.1.7.3.Y-o-Y Growth (%) 2022-2032F
10.3.1.8. Impact Wrench
10.3.1.8.1. By Value (USD Million) 2022-2032F
10.3.1.8.2. Market Share (%) 2022-2032F
10.3.1.8.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.9. Circular Saw
10.3.1.9.1. By Value (USD Million) 2022-2032F
10.3.1.9.2.Market Share (%) 2022-2032F
10.3.1.9.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.By Technology
10.3.2.1. Electric
10.3.2.1.1. By Value (USD Million) 2022-2032F
10.3.2.1.2.Market Share (%) 2022-2032F
10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.2.Pneumatic
10.3.2.2.1.By Value (USD Million) 2022-2032F
10.3.2.2.2. Market Share (%) 2022-2032F
10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.3.By Sales Channel
10.3.3.1. Online
10.3.3.1.1. By Value (USD Million) 2022-2032F
10.3.3.1.2.Market Share (%) 2022-2032F
10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.3.2.Offline
10.3.3.2.1.By Value (USD Million) 2022-2032F
10.3.3.2.2. Market Share (%) 2022-2032F
10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.4.By Application
10.3.4.1. Manufacturing
10.3.4.1.1.By Value (USD Million) 2022-2032F
10.3.4.1.2. Market Share (%) 2022-2032F
10.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.4.2.MRO Services
10.3.4.2.1. By Value (USD Million) 2022-2032F
10.3.4.2.2.Market Share (%) 2022-2032F
10.3.4.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.4.3.DIY
10.3.4.3.1. By Value (USD Million) 2022-2032F
10.3.4.3.2.Market Share (%) 2022-2032F
10.3.4.3.3.Y-o-Y Growth (%) 2022-2032F
10.3.4.4. Construction
10.3.4.4.1. By Value (USD Million) 2022-2032F
10.3.4.4.2.Market Share (%) 2022-2032F
10.3.4.4.3.Y-o-Y Growth (%) 2022-2032F
11.NORTH AMERICA POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Product Type
11.3.2. By Technology
11.3.3. Sales Channel
11.3.4. By Application
11.4.Country
11.4.1. United States
11.4.2.Canada
12. EUROPE POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product Type
12.3.2.By Technology
12.3.3.By Sales Channel
12.3.4.By Application
12.4. Country
12.4.1.Germany
12.4.2. United Kingdom
12.4.3. France
12.4.4. Italy
12.4.5. Spain
12.4.6. Russia
12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
13. ASIA POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product Type
13.3.2.By Technology
13.3.3.By Sales Channel
13.3.4.By Application
13.4. Country
13.4.1.India
13.4.2. China
13.4.3. South Korea
13.4.4. Japan
13.4.5. Rest of APAC
14. MIDDLE EAST AND AFRICA POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product Type
14.3.2.By Technology
14.3.3.By Sales Channel
14.3.4. By Application
14.4. Country
14.4.1.Israel
14.4.2. GCC
14.4.3. North Africa
14.4.4. South Africa
14.4.5. Rest of Middle East and Africa
15. LATIN AMERICA POWER TOOLS MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product Type
15.3.2.By Technology
15.3.3.By Sales Channel
15.3.4.By Application
15.4. Country
15.4.1.Mexico
15.4.2. Brazil
15.4.3. Rest of Latin America
16. COMPETITIVE LANDSCAPE
16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders
17. COMPANY PROFILES
17.1.Robert Bosch GmbH
17.1.1.Company Overview
17.1.2. Financial Overview
17.1.3. Key Product; Analysis
17.1.4.Company Assessment
17.1.4.1.Product Portfolio
17.1.4.2. Key Clients
17.1.4.3. Market Share
17.1.4.4. Recent News & Development (Last 3 Yrs.)
17.1.4.5. Executive Team
17.2. 3M
17.3. Emerson Electric Co.
17.4. Stanley Black & Decker Inc.
17.5. KYOCERA Corporation
17.6. Techtronic Industries Co. Ltd.
17.7. Atlas Copco AB
17.8. Hilti Corporation
17.9. Ingersoll Rand
17.10. Husqvarna AB
17.11.Makita Corporation
17.12. Snap-on Incorporated
17.13. Apex Tool Group
17.14. Koki Holding Co. Ltd.
17.15. Festool GmbH
17.16. Other Prominent Players
18. APPENDIX
19. CONSULTANT RECOMMENDATION
