Global Power Tools Market- Industry Analysis and Forecast (2021-2027) – By Application, By Power Source, By Tool type, By End user and By Region

Global Power Tools Market was worth US$ 29.5 Bn in 2020 and overall revenue is anticipated to rise at a rate of 4.6% from 2021 to 2027, reaching almost US$ 40.42 Bn in 2027. Global Power Tools Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

COVID-19 impact on market:

COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.

Global Power Tools Market Overview:

Power tools are tools that are actuated by a power source rather than manual work. They're employed in a variety of settings, including production and assembly lines, maintenance and repair, packing, and do-it-yourself projects. Power tools are in high demand throughout industries due to their ease of use and efficiency, as well as their reduced time and labour requirements and portability. Power tools are tools that are activated by an additional power source and mechanism. The most prevalent power tools are electric motors, internal combustion engines, and compressed air. The increased use of power tools in the construction industry, as well as the global acceptance of cordless power tools, is driving the market.

Global Power Tools Market Dynamics:

A wide range of battery-powered equipment, such as hammer drills, impact wrenches, and circular saws, as well as nailers and staplers, are included in the cordless power tool category. The market for cordless tools is being driven by the demand for more mobile, versatile, and compact tools. Traditional nickel-cadmium (Ni-Cd) and nickel-metal hydride (Ni-MH) power tools are being replaced by lithium-ion batteries. The usage of cordless power tools with high-density batteries that can last longer once charged is increasing as battery technology improves. Assembly tools are precise devices that require regular maintenance of their moving parts. For exact operations, power tools must be recalibrated on a regular basis. Power tool motors, batteries, power connections, and other components degrade and fail with time. Regular maintenance, such as oiling, sharpening, and replacing parts, as well as other repairs, is essential to keep tools in good operating order, which comes at a significant expense. Because low-cost manual labor is readily available, consumers, particularly in developing nations, are hesitant to spend money on power tool maintenance. Wind turbine installation requires the use of electric fastening tools. Bolts, gearboxes, rotor-bearing tools, and wind turbine foundations all require these fastening tools. These tools are also utilized in the tower maintenance, repair, and inspection processes. To maintain precision, a tightening factor is determined, and torque is applied to joints correspondingly. Electric fastening tools are considered to be the most suitable power tools for this business since wind turbine installation demands accurate torque. Growing installation capacity may present profitable prospects for power tool manufacturers. Power tool product safety and regulatory compliance are major challenges for manufacturers because power tools are supplied worldwide by multiple tool makers to various industries such as automotive, aircraft, energy and power, shipbuilding, and consumer electronics. End-users, as well as domestic and foreign distribution channels, need safety, reliability, and strict adherence to existing and emerging safety standards. As a result, it is critical that tool manufacturers adhere to these safety rules. Manufacturers must address major concerns from retailers and consumers about the quality and environmental sustainability in addition to mandated laws.

Global Power Tools Market Segment Analysis:

Global Power Tool Market is segmented into by Application, Power Source, and Tool type and End user. Based on Application, the market is sub-segmented into Automobiles, Construction, Electronic, Aerospace, Industrial, Logistics, Energy, and Shipbuilding. In 2020, the industrial application accounted for more than 63.0 % of revenue. The usage of tools in industries such as automotive, construction, aerospace, and logistics are examples of industrial applications. The dominance of industrial applications over the residential segment is due to increased technological innovation and acceptance of advanced technology among these industries. Power tools are most commonly used in the automotive and construction industries, which is supporting the industrial segment's rise. Despite the fact that the industrial segment is the largest stakeholder, the residential application segment is expected to grow at the fastest rate of 5.2 % between 2021 and 2027. The rise can mostly be ascribed to the growing popularity of DIY culture. The widespread availability of user-friendly and simple-to-operate power tools is a major factor in the rapid expansion of domestic applications. The use of power tools in the residential sector is increasing as the number of renovation and remodelling projects grows.

Global Power Tools Market Key Highlights:

• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Global Power Tools Market during the forecast period • Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain. • Global Power Tools Market analysis with respect to application, power source, tool type, end user and Geography to assist in strategic business planning. • Global Power Tools Market analysis and forecast for five major geographies North America, Europe, Asia pacific, Middle East & Africa, Latin America and their key regions

Global Power Tools Market Regional Analysis:

In 2020, Asia Pacific had the highest market share of 33.2 %. The region is expected to have the greatest CAGR during the projection period caused by the growing automotive industry in countries such as India and China. Increasing disposable income, as well as increased building and infrastructure development activities, are all important drivers impacting the regional market growth. Germany and the United Kingdom are expected to lead Europe to strong growth in the future. The presence of manufacturing and production operations in numerous European Union countries is propelling market expansion. North America is a major player in the power tool industry, accounting for 26.2 % in 2020. The demand for power tools is being driven by the region's growing infrastructural and industrial growth. The presence of significant firms like Stanley Black & Decker, Emerson Electric Co., and Apex Tool Group also contributes to the region's revenue share. The scarcity of cheap labour encourages the adoption of do-it-yourself jobs, which contributes to regional growth.   Global Power Tools Market

Global Power Tools Market Research Methodology:

The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get unbiased idea of the market. This exercise was done at country level to get fair idea of the market in countries considered for this study. Later this country specific data was accumulated to come up with regional numbers and then arrive at global market value for Global Inspection Machines Market

Key Target Audience:

• Raw material suppliers • Suppliers of bearings • End user industries • Research organisations • Power tools manufacturers • Suppliers of Li-lion Batteries • Government, financial institutions and investment communities • Technology investors and venture capitalists • Suppliers of torque sensors/torque transducers • Original equipment manufacturers (OEMs) of electronic components

Scope of the Global Power Tools Market: Inquire before buying

The research report segments North America Global Power Tools Market based on application, power source, tool type, end user and geography.

Global Power Tools Market, by Application

• Automobiles • Construction • Electronic • Aerospace • Industrial • Logistics • Energy • Shipbuilding

Global Power Tools Market, by Power Source

• Cordless Electric Power tools • Corded Electric Power tools • Pneumatic Power tools

Global Power Tools Market, by Tool type

• Drilling and Driving tools(Screwdrivers, Nutrunners, Impact drivers) • Demolition tools (Rotatory hammers, Hammer drills, Demolition Hammers) • Sawing and Cutting tools (Jigsaw, reciprocating saws, band saws, circular saw, shears and nibblers) • Material removing tools(sanders, polishers, buffers, grinders) • Routing tools(Palm routers, laminate routers) & others

Global Power Tools Market, by End-user

• Residential • Non residential

Global Power Tools Market, by Region

• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America.

Global Power Tools Market Key Players

Robert Bosch GmbH • Actuant Corporation • Danaher Corporation • Techtronic ABB • Stanley Black & Decker • Makita • INTERSKOL • FERM • Positec Group • Emerson Electric • Chevron Group • Snap-on • Atlas Copco • Chevron Group • Deprag Schulz • Hilti • Koki Holdings Co., Ltd. • Festool GmbH • KYOCERA Corporation • Ingersoll Rand • Husqvarna AB • Panasonic Corporation of North America • Techtronic Industries Co. Ltd. Frequently Asked Questions: 1) What was the market size of Global Power Tool Market in 2020? Ans - Global Power Tool Market was worth US$ 29.5 Bn in 2020. 2) What is the market segment of Global Power Tool Market? Ans -The market segments are based on Application, Power source, Tool type and End users. 3) What is forecast period consider for Global Power Tool Market? Ans -The forecast period for Global Power Tool Market 2021 to 2027. 4) Which region is dominated in Global Power Tool Market? Ans -In 2020, Asia Pacific region dominated the Global Power Tool Market. 5) What was the market size of Global Power Tool Market in 2027? Ans - Global Power Tool Market was worth US$ 40.42 Bn in 2027 and CAGR 24.9%.

Available Customization:

Maximize Market Research offers customization of report and scope of the report as per the specific requirement of our client.

Global Power Tools Market

1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1 Market Definition 2.2 Market Scope 2.3 Data Sources 3. MARKET DYNAMICS 3.1 Marker Drivers 3.2 Market Restraints 3.3 Market Opportunities 4. END-USER OVERVIEW 4.1 Value Chain Analysis 4.2 Key Trends 5. GLOBAL POWER TOOLS MARKET, BY APPLICATION (2017-2024) 5.1 Introduction 5.2 Automobiles Power Tools 5.2.1 Automobiles Power Tools Market Overview 5.2.2 Automobiles Power Tools Market Size & Forecast 5.3 Construction Power Tools 5.3.1 Construction Power Tools Market Overview 5.3.2 Construction Power Tools Market Size & Forecast 5.4 Electronic Power Tools 5.4.1 Electronic Power Tools Market Overview 5.4.2 Electronic Power Tools Market Size & Forecast 5.5 Aerospace Power Tools 5.5.1 Aerospace Power Tools Market Overview 5.5.2 Aerospace Power Tools Market Size & Forecast 5.6 Industrial Power Tools 5.6.1 Industrial Power Tools Market Overview 5.6.2 Industrial Power Tools Market Size & Forecast 5.7 Logistics Power Tools 5.7.1 Logistics Power Tools Market Overview 5.7.2 Logistics Power Tools Market Size & Forecast 5.8 Energy Power Tools 5.8.1 Energy Power Tools Market Overview 5.8.2 Energy Power Tools Market Size & Forecast 5.9 Shipbuilding Power Tools 5.9.1 Shipbuilding Power Tools Market Overview 5.9.2 Shipbuilding Power Tools Market Size & Forecast 6. GLOBAL POWER TOOLS MARKET, BY POWER SOURCE (2017-2024) 6.1 Introduction 6.2 Cordless Electric Power tools 6.2.1 Cordless Electric Global Power Tools Market Overview 6.2.2 Cordless Electric Global Power Tools Market Size & Forecast 6.3 Corded Electric Power tools 6.3.1 Corded Electric Global Power Tools Market Overview 6.3.2 Corded Electric Global Power Tools Market Size & Forecast 6.4 Pneumatic Power tools 6.4.1 Pneumatic Global Power Tools Market Overview 6.4.2 Pneumatic Global Power Tools Market Size & Forecast 7. GLOBAL POWER TOOLS MARKET, BY TOOL TYPE (2017-2024) 7.1 Introduction 7.2 Drilling and driving tools 7.2.1 Drilling and Driving tools Market Overview 7.2.1.1 Screwdrivers Market Overview 7.2.1.2 Nutrunners Market Overview 7.2.1.3 Impact drivers 7.2.2 Drilling and driving tools Market Size & Forecast 7.2.2.1 Screwdrivers Market Size & Forecast 7.2.2.2 Nutrunners Market Size & Forecast 7.2.2.3 Impact drivers Market Size & Forecast 7.3 Demolition tools 7.3.1 Demolition tools Market Overview 7.3.1.1 Rotatory hammers Market Overview 7.3.1.2 Hammer drills Market Overview 7.3.1.3 Demolition Hammers Market Overview 7.3.2 Demolition tools Market Size & Forecast 7.3.2.1 Demolition tools Market Size & Forecast 7.3.2.2 Hammer drills Market Size & Forecast 7.3.2.3 Demolition Hammers Market Size & Forecast 7.4 Sawing and Cutting tools 7.4.1 Sawing and Cutting tools Market Overview 7.4.1.1 Jigsaw Market Overview 7.4.1.2 Reciprocating saws Market Overview 7.4.1.3 Band saws Market Overview 7.4.1.4 Circular saws Market Overview 7.4.1.5 Shears and nibblers Market Overview 7.4.2 Sawing and Cutting tools Market Size & Forecast 7.4.2.1 Jigsaw Market Size & Forecast 7.4.2.2 Reciprocating saws Market Size & Forecast 7.4.2.3 Band saws Market Size & Forecast 7.4.2.4 Circular saw Market Size & Forecast 7.4.2.5 Shears and nibblers Market Size & Forecast 7.5 Material removing tools 7.5.1 Material removing tools Market Overview 7.5.1.1 Sanders Market Overview 7.5.1.2 Polishers Market Overview 7.5.1.3 Buffers Market Overview 7.5.1.4 Grinders Market Overview 7.5.2 Material removing tools Market Size & Forecast 7.5.2.1 Sanders Market Size & Forecast 7.5.2.2 Polishers Market Size & Forecast 7.5.2.3 Buffers Market Size & Forecast 7.5.2.4 Grinders Market Size & Forecast 7.6 Routing tools 7.6.1 Routing tools Market Overview 7.6.1.1 Palm routers Market Overview 7.6.1.2 Laminate routers Market Overview 7.6.2 Routing tools Market Size & Forecast 7.6.2.1 Palm routers Market Size & Forecast 7.6.2.2 Laminate routers Market Size & Forecast 8. GLOBAL POWER TOOLS MARKET, BY END USER (2017-2024) 8.1 Introduction 8.2 Residential 8.2.1 Residential Market Overview 8.2.2 Residential Market Size & Forecast 8.3 Non Residential 8.3.1 Non Residential Market Overview 8.3.2 Non Residential Market Size & Forecast 9. GLOBAL POWER TOOLS MARKET, BY GEOGRAPHY (2017-2024) 9.1 North America Power Tools Market 9.1.1 North America Power Tools Market by application 9.1.2 North America Power Tools Market by power source 9.1.3 North America Power Tools Market by tool type 9.1.4 North America Power Tools Market by end user 9.1.5 North America Power Tools Market by region 9.1.5.1 US Power Tools Market 9.1.5.2 Canada Power Tools Market 9.1.5.3 Mexico Power Tools Market 9.2 Europe Power Tools Market 9.2.1 Europe Power Tools Market by application 9.2.2 Europe Power Tools Market by power source 9.2.3 Europe Power Tools Market by tool type 9.2.4 Europe Power Tools Market by end user 9.2.5 Europe Power Tools Market by region 9.2.5.1 France Power Tools Market 9.2.5.2 Germany Power Tools Market 9.2.5.3 Italy Power Tools Market 9.2.5.4 Spain Power Tools Market 9.2.5.5 U.K Power Tools Market 9.2.5.6 Russia Power Tools Market 9.2.5.7 Sweden Power Tools Market 9.2.5.8 Rest of Europe Power Tools Market 9.3 Asia Pacific Power Tools Market 9.3.1 Asia Pacific Power Tools Market by application 9.3.2 Asia Pacific Power Tools Market by power source 9.3.3 Asia Pacific Power Tools Market by tool type 9.3.4 Asia Pacific Power Tools Market by end user 9.3.5 Asia Pacific Power Tools Market by region 9.3.5.1 China Power Tools Market 9.3.5.2 Japan Power Tools Market 9.3.5.3 India Power Tools Market 9.3.5.4 South Korea Power Tools Market 9.3.5.5 Rest of Asia pacific Power Tools Market 9.4 Latin America Power Tools Market 9.4.1 Latin America Power Tools Market by application 9.4.2 Latin America Power Tools Market by power source 9.4.3 Latin America Power Tools Market by tool type 9.4.4 Latin America Power Tools Market by end user 9.4.5 Latin America Power Tools Market by region 9.4.5.1 Brazil Power Tools Market 9.4.5.2 Argentina Power Tools Market 9.4.5.3 Columbia Power Tools Market 9.4.5.4 Rest of Latin America Power Tools Market 9.5 Middle East & Africa Power Tools Market 9.5.1 Middle East & Africa Power Tools Market by application 9.5.2 Middle East & Africa Power Tools Market by power source 9.5.3 Middle East & Africa Power Tools Market by tool type 9.5.4 Middle East & Africa Power Tools Market by end user 9.5.5 Middle East & Africa Power Tools Market by region 9.5.5.1 South Africa Power Tools Market 9.5.5.2 Rest of Middle East & Africa Power Tools Market 10. Market Competition Analysis 10.1 Market Share/Positioning Analysis 10.2 Key Innovators 10.3 Company Profiles 10.3.1 Robert Bosch GmbH 10.3.1.1 Overview 10.3.1.2 Product/End User 10.3.1.3 Strategy 10.3.1.4 Key Developments 10.3.2 Actuant Corporation 10.3.2.1 Overview 10.3.2.2 Product/End User 10.3.2.3 Strategy 10.3.2.4 Key Developments 10.3.3 Danaher Corporation 10.3.3.1 Overview 10.3.3.2 Product/End User 10.3.3.3 Strategy 10.3.3.4 Key Developments 10.3.4 Techtronic ABB 10.3.4.1 Overview 10.3.4.2 Product/End User 10.3.4.3 Strategy 10.3.4.4 Key Developments 10.3.5 Stanley Black & Decker 10.3.5.1 Overview 10.3.5.2 Product/End User 10.3.5.3 Strategy 10.3.5.4 Key Developments 10.3.6 Makita 10.3.6.1 Overview 10.3.6.2 Product/End User 10.3.6.3 Strategy 10.3.6.4 Key Developments 10.3.7 INTERSKOL 10.3.7.1 Overview 10.3.7.2 Product/End User 10.3.7.3 Strategy 10.3.7.4 Key Developments 10.3.8 FERM 10.3.8.1 Overview 10.3.8.2 Product/End User 10.3.8.3 Strategy 10.3.8.4 Key Developments 10.3.9 Positec Group 10.3.9.1 Overview 10.3.9.2 Product/End User 10.3.9.3 Strategy 10.3.9.4 Key Developments 10.3.10 Emerson Electronic 10.3.10.1 Overview 10.3.10.2 Product/End User 10.3.10.3 Strategy 10.3.10.4 Key Developments 10.3.11 Chevron Group 10.3.11.1 Overview 10.3.11.2 Product/End User 10.3.11.3 Strategy 10.3.11.4 Key Developments 10.3.12 Snap-on 10.3.12.1 Overview 10.3.12.2 Product/End User 10.3.12.3 Strategy 10.3.12.4 Key Developments 10.3.13 Atlas Copco 10.3.13.1 Overview 10.3.13.2 Product/End User 10.3.13.3 Strategy 10.3.13.4 Key Developments 10.3.14 Deprag Schulz 10.3.14.1 Overview 10.3.14.2 Product/End User 10.3.14.3 Strategy 10.3.14.4 Key Developments 10.3.15 Hilti 10.3.15.1 Overview 10.3.15.2 Product/End User 10.3.15.3 Strategy 10.3.15.4 Key Developments 10.3.16 Koki Holdings Co., Ltd. 10.3.16.1 Overview 10.3.16.2 Product/End User 10.3.16.3 Strategy 10.3.16.4 Key Developments 10.3.17 Festool GmbH 10.3.17.1 Overview 10.3.17.2 Product/End User 10.3.17.3 Strategy 10.3.17.4 Key Developments 10.3.18 KYOCERA Corporation 10.3.18.1 Overview 10.3.18.2 Product/End User 10.3.18.3 Strategy 10.3.18.4 Key Developments 10.3.19 Husqvarna AB 10.3.19.1 Overview 10.3.19.2 Product/End User 10.3.19.3 Strategy 10.3.19.4 Key Developments 10.3.20 Panasonic Corporation of North America 10.3.20.1 Overview 10.3.20.2 Product/End User 10.3.20.3 Strategy 10.3.20.4 Key Developments 10.3.21 Techtronic Industries Co. Ltd. 10.3.21.1 Overview 10.3.21.2 Product/End User 10.3.21.3 Strategy 10.3.21.4 Key Developments 10.3.22 Ingersoll Rand 10.3.22.1 Overview 10.3.22.2 Product/End User 10.3.22.3 Strategy 10.3.22.4 Key Developments

About This Report

Report ID7226
Category Electronics
Published DateNov 2019
Updated DateSept 2021
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