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PUBLISHER: Grand View Research | PRODUCT CODE: 1268709
PUBLISHER: Grand View Research | PRODUCT CODE: 1268709
Power Tools Market Size, Share & Trends Analysis Report By Product (Drills, Saws, Wrenches, Grinders, Sanders), By Mode Of Operation (Electric, Pneumatic), By Application, By Region, And Segment Forecasts, 2023 - 2030
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PAGES: 198 Pages
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Power Tools Market Growth & Trends:
The global power tools market size is anticipated to reach USD 54.39 billion by 2030, expanding at a CAGR of 7.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Demand for compact, flexible, and mobile tools is increasing in the industrial as well as residential applications. Power instruments play a crucial role in reducing manual efforts, especially in heavy duty applications; this is projected to have a positive impact on the market.
Increasing use of the instruments in residential applications is projected to escalate the market towards growth trajectories. The surge in popularity of the Do-it-Yourself (DIY) technique is observed as a trend globally. Moreover, the unavailability of household workers has forced people to take up DIY jobs for household repair and maintenance. House repair, gardening, etc. is easier with the help of user-friendly and ergonomic tools which has led to increased demand for these products. Rising disposable income of the people is also a major factor influencing market growth.
Increased use of fastening instruments in the automotive and construction industry has led to significant adoption of the instruments in the industrial application. Increasing sales of commercial vehicles and growing urbanization drive the demand for the instruments in the automotive and construction sectors. Power instruments offer enhanced efficiency making them the preferred choice of workers in the industrial sectors.
The outbreak of the pandemic COVID-19 has impeded market growth in the first quarter of 2020, especially in North America and Europe. The pandemic has led to the slowdown of the manufacturing industries across the globe. However, the revival of industries and the adoption of tools in non-industrial sector are projected to upkeep market growth over the forecast period.
Power Tools Market Report Highlights:
- Based on product type, wrenches are expected to exhibit a significant growth owing to several household and professional applications and affordable prices
- The electric mode of operation segment dominated the market with the share of 65.30% in 2022. The high revenue share is attributed to the increasing adoption of cordless instruments as they are ergonomic, mobile, and portable
- Based on application, industrial segment held more than 62.84% of the revenue share in 2022 and is expected to continue its dominance throughout the forecast period. Rising number of construction activities across the globe is anticipated to drive the segment growth
- Asia Pacific held the largest market share of 34.63% in 2022 owing to the growth in infrastructure and construction activities in the region
Product Code: GVR-4-68038-760-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.4. GVR's Internal Database
- 1.4.1. Secondary Sources & Third-Party Perspectives
- 1.4.2. Primary Research
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Power Tools Industry Outlook
- 3.1. Market Segmentation
- 3.2. Market Size and Growth Prospects, 2018 - 2030
- 3.3. Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market driver analysis
- 3.4.2. Market restraint/challenge analysis
- 3.4.3. Market opportunity analysis
- 3.5. Key Opportunities Prioritized
- 3.6. Industry Analysis - Porter's
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Substitution Threat
- 3.6.4. Threat from new entrant
- 3.7. PEST Analysis
- 3.7.1. Political Landscape
- 3.7.2. Environmental Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technology Landscape
Chapter 4. Power Tools Market: Product Outlook
- 4.1. Power Tools Market Share by Product, 2019 & 2027 (USD Million)
- 4.2. Drills
- 4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.3. Saws
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.4. Wrenches
- 4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.5. Grinders
- 4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.6. Sanders
- 4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.6.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.7. Others
- 4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.7.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
Chapter 5. Power Tools Market: Mode of Operation Outlook
- 5.1. Power Tools Market Share by Mode of Operation, 2019 & 2027 (USD Million)
- 5.2. Electric
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 5.3. Pneumatic
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 5.4. Others
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
Chapter 6. Power Tools Market: Application Outlook
- 6.1. Power Tools Market Share by Application, 2019 & 2027 (USD Million)
- 6.2. Industrial
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 6.3. Residential
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
Chapter 7. Power Tools Market: Regional Outlook
- 7.1. Power Tools Market Share by Region, 2015 & 2025 (USD Million)
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.2.4. Market estimates and forecast by Application, 2018 - 2030 (USD Million)
- 7.2.5. The U.S.
- 7.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.2.5.4. Market estimates and forecast by Application, 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.2.6.4. Market estimates and forecast by Application, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.3.4. Market estimates and forecast by Application, 2018 - 2030 (USD Million)
- 7.3.5. The U.K.
- 7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.3.5.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.3.6.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.3.7.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.4.3.1. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.4.4.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.4.5.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.4.6.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.5.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.5.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.5.5.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.5.5.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
- 7.5.6. Mexico
- 7.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.6.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.5.6.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.5.6.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Millions)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast by Product, 2018 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast by Mode of Operation, 2018 - 2030 (USD Million)
- 7.6.4. Market estimates and forecast by Applications, 2018 - 2030 (USD Million)
Chapter 8. Power Tools Market: Competitive Analysis
- 8.1. Key Global Players, Their Initiatives, & Their Impact on the Market
- 8.2. Competition Categorization
- 8.3. Vendor Landscape
- 8.3.1. List of Key Distributors and Channel Partners
- 8.4. Public Companies
- 8.4.1. Company Market Position Analysis
- 8.5. Private Companies
- 8.5.1. List of Key Emerging Players and Their Geographic Presence
- 8.6. Company Market Share
Chapter 9. Power Tools Market: Company Profiles
- 9.1. Apex Tool Group
- 9.1.1. Company overview
- 9.1.2. Financial performance
- 9.1.3. Product benchmarking
- 9.1.4. Strategic initiatives
- 9.2. Atlas Copco AB
- 9.2.1. Company overview
- 9.2.2. Financial performance
- 9.2.3. Product benchmarking
- 9.2.4. Strategic initiatives
- 9.3. Hilti Corporation
- 9.3.1. Company overview
- 9.3.2. Financial performance
- 9.3.3. Product benchmarking
- 9.3.4. Strategic initiatives
- 9.4. Ingersoll-Rand PLC
- 9.4.1. Company overview
- 9.4.2. Financial performance
- 9.4.3. Product benchmarking
- 9.4.4. Strategic initiatives
- 9.5. Koki Holdings Co., Ltd.
- 9.5.1. Company overview
- 9.5.2. Financial performance
- 9.5.3. Product benchmarking
- 9.5.4. Strategic initiatives
- 9.6. Makita Corporation
- 9.6.1. Company overview
- 9.6.2. Financial performance
- 9.6.3. Product benchmarking
- 9.6.4. Strategic initiatives
- 9.7. Robert Bosch
- 9.7.1. Company overview
- 9.7.2. Financial performance
- 9.7.3. Product benchmarking
- 9.7.4. Strategic initiatives
- 9.8. Stanley Black & Decker
- 9.8.1. Company overview
- 9.8.2. Financial performance
- 9.8.3. Product benchmarking
- 9.8.4. Strategic initiatives
- 9.9. Techtronic Industries
- 9.9.1. Company overview
- 9.9.2. Financial performance
- 9.9.3. Product benchmarking
- 9.9.4. Strategic initiatives
- 9.10 Emerson Electric Co.
- 9.10.1. Company overview
- 9.10.2. Financial performance
- 9.10.3. Product benchmarking
- 9.10.4. Strategic initiatives
Product Code: GVR-4-68038-760-5
List of Tables
- Table 1 Drill power tools market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 2 Saws power tools market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 3 Wrenches power tools market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 4 Grinders power tools market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 5 Sanders power tools market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 6 Others power tools market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 7 Power tools market estimates and forecasts, by electric mode of operation, 2018 - 2030 (USD Million)
- Table 8 Power tools market estimates and forecasts, by pneumatic mode of operation, 2018 - 2030 (USD Million)
- Table 9 Power tools market estimates and forecasts, by other mode of operation, 2018 - 2030 (USD Million)
- Table 10 Power tools market estimates and forecasts, by corded, 2018 - 2030 (USD Million)
- Table 11 Power tools market estimates and forecasts, by cordless, 2018 - 2030 (USD Million)
- Table 12 Power tools market estimates and forecasts, by industrial application, 2018 - 2030 (USD Million)
- Table 13 Power tools market estimates and forecasts, by residential application, 2018 - 2030 (USD Million)
- Table 14 North America Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 15 North America Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 16 North America Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 17 North America Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 18 U.S. Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 19 U.S. Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 20 U.S. Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 21 U.S. Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 22 Canada Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 23 Canada Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 24 Canada Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 25 Canada Power Tools market estimates & forecast, by Application, 2018 - 2030 (USD Million)
- Table 26 Europe Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 27 Europe Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 28 Europe Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 29 Europe Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 30 UK Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 31 UK Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 32 UK Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 33 UK Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 34 Germany Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 35 Germany Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 36 Germany Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 37 Germany Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 38 France Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 39 France Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 40 France Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 41 France Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 42 Asia Pacific Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 43 Asia Pacific Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 44 Asia Pacific Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 45 Asia Pacific Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 46 China Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 47 China Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 48 China Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 49 China Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 50 India Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 51 India Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 52 India Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 53 India Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 54 Japan Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 55 Japan Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 56 Japan Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 57 Japan Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 58 Latin America Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 59 Latin America Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 60 Latin America Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 61 Latin America Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 62 Mexico Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 63 Mexico Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 64 Mexico Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 65 Mexico Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 66 Brazil Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 67 Brazil Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 68 Brazil Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 69 Brazil Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
- Table 70 Middle East & Africa Power Tools market estimates & forecast, 2018 - 2030 (USD Million)
- Table 71 Middle East & Africa Power Tools market estimates & forecast, by Product, 2018 - 2030 (USD Million)
- Table 72 Middle East & Africa Power Tools market estimates & forecast, by Mode of Operation, 2018 - 2030 (USD Million)
- Table 73 Middle East & Africa Power Tools market estimates & forecast, by Applications, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Power Tools market, by 2022 (USD Million)
- Fig. 2 Power Tools market segmentation
- Fig. 3 Value chain analysis
- Fig. 4 Power Tools market dynamics
- Fig. 5 Power Tools market driver impact
- Fig. 6 Power Tools market restraint impact
- Fig. 7 Power Tools market opportunity impact
- Fig. 8 Power Tools penetration & growth prospects mapping
- Fig. 9 Power Tools market - Porter's five forces
- Fig. 10 Power Tools market - PEST analysis
- Fig. 11 Power Tools market, by Region, 2022 & 2030 (USD Million)
- Fig. 12 Power Tools market, by Product, 2022 & 2030 (USD Million)
- Fig. 13 Power Tools market, by Mode of Operation, 2022 & 2030 (USD Million)
- Fig. 14 Power Tools market, by Applications, 2022 & 2030 (USD Million)
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