PUBLISHER: Freedonia Group | PRODUCT CODE: 1267294
PUBLISHER: Freedonia Group | PRODUCT CODE: 1267294
Global demand for power tools is forecast to increase 2.5% per year to $48.0 billion in 2027. Growth in construction and durable goods manufacturing activity will provide opportunities for increased sales to professional users. Market performance in the consumer segment will be weaker as social conditions normalize following a period of elevated demand during the COVID-19 pandemic.
This report covers the global power tools market by product, market, and region. Demand, production, and net exports are presented in US dollar terms.
Demand by product is presented for:
Electric power tools
Pneumatic power tools
Tools powered by other energy sources, including hydraulic, powder-actuated, and engine-driven tools
Demand for electric power tools is further segmented into plug-in (corded) and cordless (battery-powered) tools.
Demand by market is presented for:
Professional
Consumer
Demand is presented for 20 countries in the following regions:
North America
Central and South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast
Scope of the Report
This report covers the scope, size, and growth of the global power tools market, including key trends in products, markets, and regions. Historical data are provided for 2012, 2017, and 2022 for demand, production, and net exports, with forecasts for 2027 and 2032. Historical market volatility is also addressed. Data are provided in US dollar terms. Also included is an analysis of key industry players and their global market shares and the impact of the COVID-19 pandemic.
List of Tables