Portable Tools Market was valued US$ 44.37 Bn in 2022 and is expected to reach US$ 76.54 Bn by 2029, at a CAGR of 8.1% during the forecast period.Portable Tools Market Defination:
Portable power tools are designed for a wide variety of uses. Circular saws, jigsaws, drills, hammer drills, sanders, grinders, routers, and numerous other power tools, save time and effort on the job. The increased use of power tools heightens the need for awareness of the hazards they present if not operated properly. The market is witnessing steady growth due to expansion in manufacturing and availability of the tools.To know about the Research Methodology :- Request Free Sample Report
Portable Tools Market Dynamics:
Major urbanization and infrastructural growth is being predominantly observed in some of the top countries from developing economies, including India and China. With increasing activities in construction and real estate industries, portable tools are expected to gain high demand in upcoming years. With a growing number of consumers ready to pay more for space with more gardening area, the demand for landscaping is rising in order to provide an aesthetic appeal to residential and commercial properties, which is in turn propelling the portable tools market. Portable tools sales are significantly impacted by macroeconomic factors such as GDP, urbanization, economic growth, and industry value. According to the United Nations Department of Economics and Social Affairs, 68% of the world’s population will live in urban areas by 2050, up from 55% currently. The direct co-relation between macroeconomic growth and portable tools sales is expected to be positive for the stakeholders in this market. DIY tools are helpful in performing several small activities such as decorating, building, and making repairs at home. One of the primary reasons for the increasing demand of portable tools is the high cost of labors such as plumbers, electricians, and mechanics especially in developed countries, Due to this people prefer to do these work by themselves rather than employing a professional.Portable Tools Market Segment Analysis:
Online sales are consuming the revenue share of retail outlets and distributors, promoting it to invade the e-commerce segment. Online sales growth is likely to be xx% more than distributor sales. There are certain categories of products of online sales, which include portable tools, lighting tools, and power tools. Although online channels have been well-received by end-users in North America and Europe, emerging nations have significant growth potential. The DIY trend is gaining momentum, thanks to a range of factors ranging from doorstep delivery through e-commerce and free how-to content on popular video streaming sites. Pursuing DIY projects as a hobby have also led to an increase in demand for portable tools in the residential segment.Portable Tools Market Regional Insights
Europe has traditionally been a profitable market for portable tools manufacturers. Steady demand from the industrial sector, combined with growing adoption in landscaping and DIY projects has ensured a steady stream of opportunities. Demand for portable tools in Europe remains concentrated in EU5. North America is expected to hold a majority of share in the portable tools market in the forecast period, owing to the rising penetration of the automation industry in the region. Apart from this, the high cost of the workers in the region is pushing people to adopt the portable tools for several DIY works. This is expected to offer a substantial boost to the global portable tools market in the region.Portable Tools Market Report Scope: Inquire before buying
Portable Tools Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 44.37 Bn. Forecast Period 2023 to 2029 CAGR: 8.1% Market Size in 2029: US $ 76.54 Bn. Segments Covered: by Sales Channel • Distributor Sales • Retail Outlets • Online Sales by End Use • Industrial • Commercial (Repair shops, etc.) • Household & DIY Portable Tools Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Portable Tools Market Key Players are:
• Akar Tools Ltd. • Stanley Black & Decker, Inc. • Robert Bosch GmbH • Apex Tools Group • Atlas Copco AB • Channellock, Inc. • Danaher Corporation • Emerson Electric Co. (RIDGID) • Fiskars Group • General Tools & Instruments LLC • Makita Corporation • JK Files (India) Limited • Kennametal Inc. • Klein Tools • Q.E.P. Co., Inc. • Snap-On Inc. • Techtronic Industries • Hilti Corporation • Ingersoll-Rand • KOKI Holdings • Stanley Black & Decker, Inc. • Wera Tools Frequently Asked Questions: 1. Which region has the largest share in Global Portable Tools Market? Ans: Europe region held the highest share in 2022. 2. What is the growth rate of Global Portable Tools Market? Ans: The Global Portable Tools Market is growing at a CAGR of 8.1% during forecasting period 2023-2029. 3. What is scope of the Global Portable Tools Market report? Ans: Global Portable Tools Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Portable Tools Market? Ans: The important key players in the Global Portable Tools Market are – Akar Tools Ltd., Robert Bosch GmbH, Apex Tools Group, Atlas Copco AB, Channellock, Inc., Danaher Corporation, Emerson Electric Co., Makita Corporation, JK Files (India) Limited, Kennametal Inc., Klein Tools, Q.E.P. Co., Inc., Snap-On Inc., Techtronic Industries, Hilti Corporation, Ingersoll-Rand, KOKI Holdings, Wera Tools. 5. What is the study period of this Market? Ans: The Global Portable Tools Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Portable Tools Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Portable Tools Market 3.4. Geographical Snapshot of the Portable Tools Market, By Manufacturer share 4. Global Portable Tools Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Portable Tools Market 5. Supply Side and Demand Side Indicators 6. Global Portable Tools Market Analysis and Forecast, 2022-2029 6.1. Global Next Generation Photovoltaics Market Size & Y-o-Y Growth Analysis. 7. Global Portable Tools Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 7.1.1. Distributor Sales 7.1.2. Retail Outlets 7.1.3. Online Sales 7.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 7.2.1. Industrial 7.2.2. Commercial (Repair shops, etc.) 7.2.3. Household & DIY 8. Global Portable Tools Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Portable Tools Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 9.1.1. Distributor Sales 9.1.2. Retail Outlets 9.1.3. Online Sales 9.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 9.2.1. Industrial 9.2.2. Commercial (Repair shops, etc.) 9.2.3. Household & DIY 10. North America Portable Tools Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Portable Tools Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 12. Canada Portable Tools Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 13. Mexico Portable Tools Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 14. Europe Portable Tools Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 15. Europe Portable Tools Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Portable Tools Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 17. France Portable Tools Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 18. Germany Portable Tools Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 19. Italy Portable Tools Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 20. Spain Portable Tools Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 21. Sweden Portable Tools Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 22. CIS Countries Portable Tools Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 23. Rest of Europe Portable Tools Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 24. Asia Pacific Portable Tools Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 25. Asia Pacific Portable Tools Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Portable Tools Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 27. India Portable Tools Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 28. Japan Portable Tools Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 29. South Korea Portable Tools Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 30. Australia Portable Tools Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 31. ASEAN Portable Tools Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 32. Rest of Asia Pacific Portable Tools Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 33. Middle East Africa Portable Tools Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 34. Middle East Africa Portable Tools Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Portable Tools Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 36. GCC Countries Portable Tools Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 37. Egypt Portable Tools Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 38. Nigeria Portable Tools Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 39. Rest of ME&A Portable Tools Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 40. South America Portable Tools Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 41. South America Portable Tools Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Portable Tools Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 43. Argentina Portable Tools Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 44. Rest of South America Portable Tools Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Sales Channel, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Portable Tools Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Akar Tools Ltd. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Apex Tools Group 45.3.3. Atlas Copco AB 45.3.4. Channellock, Inc. 45.3.5. Danaher Corporation 45.3.6. Emerson Electric Co. (RIDGID) 45.3.7. Fiskars Group 45.3.8. General Tools & Instruments LLC 45.3.9. Makita Corporation 45.3.10. JK Files (India) Limited 45.3.11. Kennametal Inc. 45.3.12. Klein Tools 45.3.13. Robert Bosch GmbH 45.3.14. Q.E.P. Co., Inc. 45.3.15. Snap-On Inc. 45.3.16. Stanley Black & Decker, Inc 45.3.17. Techtronic Industries 45.3.18. Hilti Corporation 45.3.19. Ingersoll-Rand 45.3.20. KOKI Holdings 45.3.21. Stanley Black & Decker, Inc. 45.3.22. Wera Tools 46. Primary Key Markets