Global Power Tools Market Size study & Forecast, by Product (Drills, Saws, Wrenches, Grinders, Sanders, Others), by Mode of Operation (Electric, Pneumatic, Others), by Application (Industrial, Residential) and Regional Analysis, 2023-2030

Description

List of Tables

Global Power Tools Market is valued at approximately USD 31.08 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.20% during the forecast period 2023-2030. Power tools are specialized mechanical devices designed to perform a variety of tasks with increased efficiency and precision, often powered by electricity, batteries, or compressed air. These tools are instrumental in construction, woodworking, metalworking, and other industrial applications, offering significant advantages over traditional manual tools. The Power Tools Market is expanding because of factors such as rising industrialization and construction activities, the rising trend of do-it-yourself (DIY) activities and rising expansion in the automotive industry.

The growth of industrial and construction sectors globally plays a significant role in driving the demand for power tools. As infrastructure development and construction projects increase, there is a corresponding need for efficient and high-performance tools to expedite tasks resulting in market growth. According to Statista, global expenditure in the construction industry amounted to USD 12 trillion in 2019, experiencing an increase to USD 12.9 trillion in 2021. Projections suggest a further rise to USD 19.2 trillion by 2035. This upward trajectory in construction spending signifies an escalation in construction projects, contributing to the overall growth of the market. In addition, increasing technological innovation and rising demand for power tools in industrial applications are creating new opportunities for market growth. However, the high cost of power tools and limited skilled labor stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Power Tools Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. The robust expansion of the automotive sector in countries such as India and China are anticipated to result in the highest Compound Annual Growth Rate (CAGR) in the region throughout the forecast period. The upswing in disposable income and the escalating scale of construction and infrastructure development projects play pivotal roles in propelling this growth. North America is expected to grow significantly over the forecast period. The surge in infrastructure and industrial development within the region is fueling market demand. Furthermore, the substantial presence of key players such as Stanley Black and Decker, Emerson Electric Co., and Apex Tool Group is bolstering the region's revenue share. Additionally, the scarcity of affordable labor is promoting the uptake of do-it-yourself (DIY) tasks, thereby fostering regional growth.

Major market player included in this report are:

Emerson Electric, Co.
Hilti Group
Ingersoll-Rand
Koki Holdings Co., Ltd.
Makita Corporation
Robert Bosch GmbH
Stanley Black & Decker Inc
Techtronic Industries Company Limited
Hitachi Koki Co., Ltd.
Enerpac Tool Group

Recent Developments in the Market:

In October 2023, Bosch Power Tools unveiled 17 new additions to its growing CORE18V platform in 2023, introducing fresh innovations to its lineup. The latest offerings encompass advancements in the oscillating multi-tool and grinder tool categories, aimed at providing skilled workers with heightened efficiency on the job site.
In July 2021, Makita UK expanded its range of outdoor power tools by introducing the advanced 'XGT 40VMax machines.' This extension comprises the UR002G 40VMax Cutter and the 40VMax Hedge Trimmer, both equipped with brushless technology.

Global Power Tools Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Mode of Operation, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product:

Drills
Saws
Wrenches
Grinders
Sanders
Others

By Mode of Operation:

Electric
Pneumatic
Others

By Application:

Industrial
Residential

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Power Tools Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Power Tools Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Power Tools Market, by Mode of Operation, 2020-2030 (USD Billion)
- 1.2.4. Power Tools Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Power Tools Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Power Tools Market Dynamics

3.1. Power Tools Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising industrialization and construction activities
  - 3.1.1.2. Rising trend of do-it-yourself (DIY) activities
  - 3.1.1.3. Rising expansion in automotive industry
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of power tools
  - 3.1.2.2. Limited skilled labor
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing technological innovation
  - 3.1.3.2. Rising demand for power tools in industrial applications

Chapter 4. Global Power Tools Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Power Tools Market, by Product

5.1. Market Snapshot
5.2. Global Power Tools Market by Product, Performance - Potential Analysis
5.3. Global Power Tools Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Power Tools Market, Sub Segment Analysis
- 5.4.1. Drills
- 5.4.2. Saws
- 5.4.3. Wrenches
- 5.4.4. Grinders
- 5.4.5. Sanders
- 5.4.6. Others

Chapter 6. Global Power Tools Market, by Mode of Operation

6.1. Market Snapshot
6.2. Global Power Tools Market by Mode of Operation, Performance - Potential Analysis
6.3. Global Power Tools Market Estimates & Forecasts by Mode of Operation 2020-2030 (USD Billion)
6.4. Power Tools Market, Sub Segment Analysis
- 6.4.1. Electric
- 6.4.2. Pneumatic
- 6.4.3. Others

Chapter 7. Global Power Tools Market, by Application

7.1. Market Snapshot
7.2. Global Power Tools Market by Application, Performance - Potential Analysis
7.3. Global Power Tools Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Power Tools Market, Sub Segment Analysis
- 7.4.1. Industrial
- 7.4.2. Residential

Chapter 8. Global Power Tools Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Power Tools Market, Regional Market Snapshot
8.4. North America Power Tools Market
- 8.4.1. U.S. Power Tools Market
  - 8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Mode of Operation breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Power Tools Market
8.5. Europe Power Tools Market Snapshot
- 8.5.1. U.K. Power Tools Market
- 8.5.2. Germany Power Tools Market
- 8.5.3. France Power Tools Market
- 8.5.4. Spain Power Tools Market
- 8.5.5. Italy Power Tools Market
- 8.5.6. Rest of Europe Power Tools Market
8.6. Asia-Pacific Power Tools Market Snapshot
- 8.6.1. China Power Tools Market
- 8.6.2. India Power Tools Market
- 8.6.3. Japan Power Tools Market
- 8.6.4. Australia Power Tools Market
- 8.6.5. South Korea Power Tools Market
- 8.6.6. Rest of Asia Pacific Power Tools Market
8.7. Latin America Power Tools Market Snapshot
- 8.7.1. Brazil Power Tools Market
- 8.7.2. Mexico Power Tools Market
8.8. Middle East & Africa Power Tools Market
- 8.8.1. Saudi Arabia Power Tools Market
- 8.8.2. South Africa Power Tools Market
- 8.8.3. Rest of Middle East & Africa Power Tools Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Emerson Electric, Co.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Hilti Group
- 9.3.3. Ingersoll-Rand
- 9.3.4. Koki Holdings Co., Ltd.
- 9.3.5. Makita Corporation
- 9.3.6. Robert Bosch GmbH
- 9.3.7. Stanley Black & Decker Inc.
- 9.3.8. Techtronic Industries Company Limited
- 9.3.9. Hitachi Koki Co., Ltd.
- 9.3.10. Enerpac Tool Group

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Power Tools Market, report scope
TABLE 2. Global Power Tools Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Power Tools Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Power Tools Market estimates & forecasts by Mode of Operation 2020-2030 (USD Billion)
TABLE 5. Global Power Tools Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Power Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Power Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Power Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Power Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Power Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Power Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Power Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Power Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Power Tools Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Power Tools Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Power Tools Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Power Tools Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Power Tools Market
TABLE 71. List of primary sources, used in the study of global Power Tools Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable.

LIST OF FIGURES

FIG 1. Global Power Tools Market, research methodology
FIG 2. Global Power Tools Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Power Tools Market, key trends 2022
FIG 5. Global Power Tools Market, growth prospects 2023-2030
FIG 6. Global Power Tools Market, porters 5 force model
FIG 7. Global Power Tools Market, pest analysis
FIG 8. Global Power Tools Market, value chain analysis
FIG 9. Global Power Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Power Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Power Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Power Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Power Tools Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Power Tools Market, regional snapshot 2020 & 2030
FIG 15. North America Power Tools Market 2020 & 2030 (USD Billion)
FIG 16. Europe Power Tools Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Power Tools Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Power Tools Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Power Tools Market 2020 & 2030 (USD Billion)