The global power tools market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. One of the key factors that are fueling the market is their quick and precise actions which have made these devices a far better option as compared to the manual tools. In such a time, where everything is fast, and time has so much importance, the old tools in manufacturing or construction are not considered appropriate which has increased the demand for power tools in the past decade as these tools are more safe, quick, easy, and consumes far less human power as compared to hand tools. The rising demand has encouraged market players to be active in the market to stay competitive in the market.
For instance, in January 2022, VTOMAN announced the release of its easy-to-use and practical tool kit on the crowdfunding platform Indiegogo. In the VTOMAN toolkit, every tool shares a common power supply which eliminates the need for a different power source for each power tool. In November 2021, Robert Bosch Gmbh’s power tools branch launched an X-LOCK in India. The product is patented as a new innovative system for rapid and keyless changing of accessories. Such ultimate changing solution support for accessories of a switch angle grinder with just one click, allowing accessory swap up to 5 times quicker while confirming matchless user experience and safety.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Power Source
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including 3M Co., Emerson Electric Co., Honeywell International Inc., Robert Bosch Gmbh, Stanley Black & Decker, Inc., and others.
Power Tools Market Report Segment
By Type
- Material Removal
- Drilling and Fastening
- Demolition
- Sawing
By Power Source
- Electric
- Pneumatic
- By End-User
- Automotive
- Construction
- Residential
- Others (Aerospace)
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Power Tools Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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