The global power tools market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. One of the core factors that is fueling the market is the rising demand from the construction industry owing to the development of advanced infrastructures which is propelling the sales of power tools. Power tools have been adopted in the construction industry owing to the increased efficiency and accuracy offered by these tools, along with the improved safety of the workforce. The growth of the construction industry resulted in the boosting demand for power tools, which leads to innovative advanced infrastructural developments. For instance, in June 2019, Bosch launched an innovative, cordless, power tool in the imaging, and measured categories. The construction industry is anticipating witnessing substantial growth across the globe.
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The global power tools market is segmented based on the type, power source, and end-user. Based on the type, the market is segmented into material removal, drilling and fastening, demolition, and sawing. Based on the power source, the market is sub-segmented into the electric, and pneumatic. Based on the end-user, the market is sub-segmented into automotive, construction, residential, and others. The above-mentioned segments can be customized as per the requirements. Based on type, the drilling and fastening segment is anticipated to hold the prominent share in the market owing to the increasing adoption of these power tools in the wind turbine installation operations and automotive assembly while based on the power source, the electric segment is anticipated to hold the prominent share during the forecast period owing to the innovations in the battery system and the rising adoption of cordless tools.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Power Tools Market by Type
- Material Removal
- Drilling and Fastening
- Demolition
- Sawing
Global Power Tools Market by Power Source
- Electric
- Pneumatic
Global Power Tools Market by End-User
- Automotive
- Construction
- Residential
- Others (Aerospace)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Apex Tool Group
- Atlas Copco AB
- Festool GmbH
- Hilti North America
- Husqvarna AB
- Ingersoll Rand
- Koki Holding Co., Ltd.
- KYOCERA Corp.
- Makita Corp.
- Snap-On Inc.
- Techtronic Industries Co. Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power tools market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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