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The Power Tools Market size was valued at USD 38.42 Billion in 2023 and is expected to reach USD 50.93 Billion by 2032 and grow at a CAGR of 2.86 % over the forecast period 2024-2032.
Apparatuses that are actuated utilizing a power source separated from physical work are named power tools. They are utilized in various applications, for example, creation and mechanical production systems, upkeep and fix, bundling, and DIY occupations. Straightforwardness and proficiency of activity, diminished time and work prerequisites, and simply convey ability are a portion of the noticeable elements driving the interest for power apparatuses across different ventures.
The worldwide power tools market is supposed to develop at a significant rate attributable to a flood in the prevalence of DIY strategies, interest in infrastructural advancements, and an ascent in extra cash for individuals. During a couple of years, India spent almost one-10th portion of its GDP on developmental exercises, which is expected to mount in the forthcoming years. Power tools have changed various enterprises, for example, auto, development, and others by saving the work and time important for basic assignments, for example, screw heading to convoluted errands including breaking and cutting.
MARKET DYNAMICS:
KEY DRIVERS:
Construction sector demand is increasing.
Construction of sophisticated infrastructure.
RESTRAINTS:
Raw materials, component components, and final goods costs fluctuate.
Heavily reliant on raw material availability.
CHALLENGES:
COVID-19 has had a significant influence on automotive firms and production centers.
OPPORTUNITY:
Leading tool companies are concentrating on developing smart and linked power tools.
Smart linked systems adoption in assembly line operations.
IMPACT OF COVID-19:
Coronavirus has caused a few interruptions in the worldwide business sectors. The component of the market is developing quickly. Globally business fields are learning because of the financial emergency. Likewise, the worldwide market is confronting a lot of difficulties. The auto business is experiencing weighty mischance in the pandemic.
The car area is the key end-clients of the power instruments market. The declining request rate in the car market is seriously influencing the market. From North America to the Asia Pacific locales are seeing an ensuing decrease popular. The dialing back of vehicle creation is dialing back the development of the market. Be that as it may, these unfavorable impacts are impermanent. The worldwide Market Trends will change emphatically post Coronavirus.
MARKET ESTIMATION:
The worldwide power tools market is fragmented based on method of activity, apparatus type, application, and district. By method of activity, it is separated into electric (corded and cordless electric power apparatuses), pneumatic, and others. The electric power tools fragment rules the market all through the review period. Based on apparatus type, the worldwide market is classified into drills, torques, material evacuation devices, saws, and others. The drills portion is supposed to rule the market during the estimated time frame. By application, the worldwide market is bifurcated into modern (development, car, aviation, and others) and DIY (Do it yourself).
By Tool Type
Drilling and Fastening Tools
Drills
Impact Drivers
Impact Wrenches
Screwdrivers and Nutrunners
Demolition Tools
Demolition Hammers
Sawing and Cutting Tools
Jigsaw
Reciprocating Saws
Circular Saws
Band Saws
Shears and Nibblers
Material Removal Tools
Sanders/Polishers/Buffers
Air Scalers
Grinders
Angle Grinders
Die and Straight Grinders
Routing Tools
Routers/Planers/Joiners
Others
By Mode of Operations
Electric
Corded Tools
Cordless Tools
Pneumatic
Hydraulic
By Application
Industrial/Professional
Construction
Automotive
Aerospace
Energy
Shipbuilding
Others
Residential/DIY
REGIONAL ANALYSIS:
The power tools market is broadened into Asia Pacific, Europe, the middles east, and North America. Further, the Asia Pacific holds the biggest Market Share. This district will grow out of other provincial players in the gauge time frame. The interest in power tools is enormous because of industrialization, development, and improvement factors. The Chinese market is seeing high income. It is one of the best business sectors on the planet.
Further, India is seeing a wide scope of valuable learning experiences. The Middle East market is the following biggest market. The interest in power tools will arrive at a pinnacle sum in the estimated time frame. The necessity for power tools in the oil and gas area is huge. It is persistent fueling the interest around here. Europe and North America get a huge interest in power tools. The power tools are appropriate for complex undertakings in power enterprises. Besides, these two areas are expanding their portfolios in the estimated time frame.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Asia Pacific
China
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
The key players in the market are Robert borsch Gmbh, ANDREAS STIHL AG &co, Stanley, Black & Decker. Inc, Hilti Corporation, Enerpac Tool Group, Atlas Copco ltd, Snap-on Incorporated., Apex Tool Group, LLC, Ingersoll Rand, Makita Corporation, and Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 38.42 Billion |
| Market Size by 2032 | US$ 50.93 Billion |
| CAGR | CAGR of 2.86% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
• By Tool Type (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Robert borsch Gmbh, ANDREAS STIHL AG &co, Stanley, Black & Decker. Inc, Hilti Corporation, Enerpac Tool Group, Atlas Copco ltd, Snap-on Incorporated., Apex Tool Group, LLC, Ingersoll Rand, Makita Corporation, |
| Key Drivers | •Construction sector demand is increasing. •Construction of sophisticated infrastructure. |
| RESTRAINTS | •Raw materials, component components, and final goods costs fluctuate. •Heavily reliant on raw material availability. |
Ans: - The Power Tools Market size was valued at USD 38.42 Bn in 2023.
Ans: - Raw materials, component components, and final goods costs fluctuate and heavily reliant on raw material availability.
Ans: - The Asia Pacific holds the biggest Market Share.
Ans: - The key players in the market are Robert borsch Gmbh, ANDREAS STIHL AG &co, Stanley, Black & Decker. Inc, CHEVRON, Hilti Corporation, Enerpac tool group, Atlas Copco ltd, Hitachi Koki ltd, Makita Corporation, Emersonelectric and co.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Power Tool Market Segmentation, By Tool Type
9.1 Introduction
9.2 Trend Analysis
9.3 Drilling and Fastening Tools
9.3.1 Impact Wrenches
9.3.2 Impact Drivers
9.3.3 Drills
9.3.4 Screwdrivers and Nutrunners
9.4 Demolition Tools
9.4.1 Demolition Hammers
9.5 Sawing and Cutting Tools
9.5.1 Circular Saws
9.5.2 Reciprocating Saws
9.5.3 Jigsaw
9.5.4 Band Saws
9.5.5 Shears and Nibblers
9.6 Material Removal Tools
9.6.1 Sanders/Polishers/Buffers
9.6.2 Angle Grinders
9.6.3 Air Scalers
9.6.4 Grinders
9.6.5 Die and Straight Grinders
9.7 Routing Tools
9.7.1 Routers/Planers/Joiners
9.8 Others
10. Power Tool Market Segmentation, By Mode of Operations
10.1 Introduction
10.2 Trend Analysis
10.3 Electric
10.3.1 Corded Tools
10.3.2 Cordless Tools
10.4 Pneumatic
10.5 Hydraulic
11. Power Tool Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Industrial/Professional
11.3.1 Construction
11.3.2 Automotive
11.3.3 Aerospace
11.3.4 Energy
11.3.4 Shipbuilding
11.3.5 Others
11.4 Residential/DIY
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Power Tool Market by Country
12.2.3 North America Power Tool Market By Tool Type
12.2.4 North America Power Tool Market By Mode of Operations
12.2.5 North America Power Tool Market By Application
12.2.6 USA
12.2.6.1 USA Power Tool Market By Tool Type
12.2.6.2 USA Power Tool Market By Mode of Operations
12.2.6.3 USA Power Tool Market By Application
12.2.7 Canada
12.2.7.1 Canada Power Tool Market By Tool Type
12.2.7.2 Canada Power Tool Market By Mode of Operations
12.2.7.3 Canada Power Tool Market By Application
12.2.8 Mexico
12.2.8.1 Mexico Power Tool Market By Tool Type
12.2.8.2 Mexico Power Tool Market By Mode of Operations
12.2.8.3 Mexico Power Tool Market By Application
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Power Tool Market by Country
12.3.2.2 Eastern Europe Power Tool Market By Tool Type
12.3.2.3 Eastern Europe Power Tool Market By Mode of Operations
12.3.2.4 Eastern Europe Power Tool Market By Application
12.3.2.5 Poland
12.3.2.5.1 Poland Power Tool Market By Tool Type
12.3.2.5.2 Poland Power Tool Market By Mode of Operations
12.3.2.5.3 Poland Power Tool Market By Application
12.3.2.6 Romania
12.3.2.6.1 Romania Power Tool Market By Tool Type
12.3.2.6.2 Romania Power Tool Market By Mode of Operations
12.3.2.6.4 Romania Power Tool Market By Application
12.3.2.7 Hungary
12.3.2.7.1 Hungary Power Tool Market By Tool Type
12.3.2.7.2 Hungary Power Tool Market By Mode of Operations
12.3.2.7.3 Hungary Power Tool Market By Application
12.3.2.8 Turkey
12.3.2.8.1 Turkey Power Tool Market By Tool Type
12.3.2.8.2 Turkey Power Tool Market By Mode of Operations
12.3.2.8.3 Turkey Power Tool Market By Application
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Power Tool Market By Tool Type
12.3.2.9.2 Rest of Eastern Europe Power Tool Market By Mode of Operations
12.3.2.9.3 Rest of Eastern Europe Power Tool Market By Application
12.3.3 Western Europe
12.3.3.1 Western Europe Power Tool Market by Country
12.3.3.2 Western Europe Power Tool Market By Tool Type
12.3.3.3 Western Europe Power Tool Market By Mode of Operations
12.3.3.4 Western Europe Power Tool Market By Application
12.3.3.5 Germany
12.3.3.5.1 Germany Power Tool Market By Tool Type
12.3.3.5.2 Germany Power Tool Market By Mode of Operations
12.3.3.5.3 Germany Power Tool Market By Application
12.3.3.6 France
12.3.3.6.1 France Power Tool Market By Tool Type
12.3.3.6.2 France Power Tool Market By Mode of Operations
12.3.3.6.3 France Power Tool Market By Application
12.3.3.7 UK
12.3.3.7.1 UK Power Tool Market By Tool Type
12.3.3.7.2 UK Power Tool Market By Mode of Operations
12.3.3.7.3 UK Power Tool Market By Application
12.3.3.8 Italy
12.3.3.8.1 Italy Power Tool Market By Tool Type
12.3.3.8.2 Italy Power Tool Market By Mode of Operations
12.3.3.8.3 Italy Power Tool Market By Application
12.3.3.9 Spain
12.3.3.9.1 Spain Power Tool Market By Tool Type
12.3.3.9.2 Spain Power Tool Market By Mode of Operations
12.3.3.9.3 Spain Power Tool Market By Application
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Power Tool Market By Tool Type
12.3.3.10.2 Netherlands Power Tool Market By Mode of Operations
12.3.3.10.3 Netherlands Power Tool Market By Application
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Power Tool Market By Tool Type
12.3.3.11.2 Switzerland Power Tool Market By Mode of Operations
12.3.3.11.3 Switzerland Power Tool Market By Application
12.3.3.1.12 Austria
12.3.3.12.1 Austria Power Tool Market By Tool Type
12.3.3.12.2 Austria Power Tool Market By Mode of Operations
12.3.3.12.3 Austria Power Tool Market By Application
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Power Tool Market By Tool Type
12.3.3.13.2 Rest of Western Europe Power Tool Market By Mode of Operations
12.3.3.13.3 Rest of Western Europe Power Tool Market By Application
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Power Tool Market by Country
12.4.3 Asia-Pacific Power Tool Market By Tool Type
12.4.4 Asia-Pacific Power Tool Market By Mode of Operations
12.4.5 Asia-Pacific Power Tool Market By Application
12.4.6 China
12.4.6.1 China Power Tool Market By Tool Type
12.4.6.2 China Power Tool Market By Mode of Operations
12.4.6.3 China Power Tool Market By Application
12.4.7 India
12.4.7.1 India Power Tool Market By Tool Type
12.4.7.2 India Power Tool Market By Mode of Operations
12.4.7.3 India Power Tool Market By Application
12.4.8 Japan
12.4.8.1 Japan Power Tool Market By Tool Type
12.4.8.2 Japan Power Tool Market By Mode of Operations
12.4.8.3 Japan Power Tool Market By Application
12.4.9 South Korea
12.4.9.1 South Korea Power Tool Market By Tool Type
12.4.9.2 South Korea Power Tool Market By Mode of Operations
12.4.9.3 South Korea Power Tool Market By Application
12.4.10 Vietnam
12.4.10.1 Vietnam Power Tool Market By Tool Type
12.4.10.2 Vietnam Power Tool Market By Mode of Operations
12.4.10.3 Vietnam Power Tool Market By Application
12.4.11 Singapore
12.4.11.1 Singapore Power Tool Market By Tool Type
12.4.11.2 Singapore Power Tool Market By Mode of Operations
12.4.11.3 Singapore Power Tool Market By Application
12.4.12 Australia
12.4.12.1 Australia Power Tool Market By Tool Type
12.4.12.2 Australia Power Tool Market By Mode of Operations
12.4.12.3 Australia Power Tool Market By Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Power Tool Market By Tool Type
12.4.13.2 Rest of Asia-Pacific Power Tool Market By Mode of Operations
12.4.13.3 Rest of Asia-Pacific Power Tool Market By Application
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Power Tool Market by Country
12.5.2.2 Middle East Power Tool Market By Tool Type
12.5.2.3 Middle East Power Tool Market By Mode of Operations
12.5.2.4 Middle East Power Tool Market By Application
12.5.2.5 UAE
12.5.2.5.1 UAE Power Tool Market By Tool Type
12.5.2.5.2 UAE Power Tool Market By Mode of Operations
12.5.2.5.3 UAE Power Tool Market By Application
12.5.2.6 Egypt
12.5.2.6.1 Egypt Power Tool Market By Tool Type
12.5.2.6.2 Egypt Power Tool Market By Mode of Operations
12.5.2.6.3 Egypt Power Tool Market By Application
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Power Tool Market By Tool Type
12.5.2.7.2 Saudi Arabia Power Tool Market By Mode of Operations
12.5.2.7.3 Saudi Arabia Power Tool Market By Application
12.5.2.8 Qatar
12.5.2.8.1 Qatar Power Tool Market By Tool Type
12.5.2.8.2 Qatar Power Tool Market By Mode of Operations
12.5.2.8.3 Qatar Power Tool Market By Application
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Power Tool Market By Tool Type
12.5.2.9.2 Rest of Middle East Power Tool Market By Mode of Operations
12.5.2.9.3 Rest of Middle East Power Tool Market By Application
12.5.3 Africa
12.5.3.1 Africa Power Tool Market by Country
12.5.3.2 Africa Power Tool Market By Tool Type
12.5.3.3 Africa Power Tool Market By Mode of Operations
12.5.3.4 Africa Power Tool Market By Application
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Power Tool Market By Tool Type
12.5.3.5.2 Nigeria Power Tool Market By Mode of Operations
12.5.3.5.3 Nigeria Power Tool Market By Application
12.5.3.6 South Africa
12.5.3.6.1 South Africa Power Tool Market By Tool Type
12.5.3.6.2 South Africa Power Tool Market By Mode of Operations
12.5.3.6.3 South Africa Power Tool Market By Application
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Power Tool Market By Tool Type
12.5.3.7.2 Rest of Africa Power Tool Market By Mode of Operations
12.5.3.7.3 Rest of Africa Power Tool Market By Application
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Power Tool Market by country
12.6.3 Latin America Power Tool Market By Tool Type
12.6.4 Latin America Power Tool Market By Mode of Operations
12.6.5 Latin America Power Tool Market By Application
12.6.6 Brazil
12.6.6.1 Brazil Power Tool Market By Tool Type
12.6.6.2 Brazil Power Tool Market By Mode of Operations
12.6.6.3 Brazil Power Tool Market By Application
12.6.7 Argentina
12.6.7.1 Argentina Power Tool Market By Tool Type
12.6.7.2 Argentina Power Tool Market By Mode of Operations
12.6.7.3 Argentina Power Tool Market By Application
12.6.8 Colombia
12.6.8.1 Colombia Power Tool Market By Tool Type
12.6.8.2 Colombia Power Tool Market By Mode of Operations
12.6.8.3 Colombia Power Tool Market By Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Power Tool Market By Tool Type
12.6.9.2 Rest of Latin America Power Tool Market By Mode of Operations
12.6.9.3 Rest of Latin America Power Tool Market By Application
13. Company Profiles
13.1 Robert borsch Gmbh
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 ANDREAS STIHL AG &co
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Makita Corporation
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Stanley Black & Decker. Inc.
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Hilti Corporation
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Enerpac Tool Group
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Atlas Copco ltd.
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Snap-on Incorporated.
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Apex Tool Group, LLC
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Ingersoll Rand
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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