Power Tools Market - by Mode (Electric, Pneumatic, and Others), by Tool Type (Drilling & Fastening, Sawing, Demolition, and Material Removal), and by Application (Construction, Automotive, Aerospace, DIY, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Description

The global Power Tools market, which was estimated at was valued at approximately USD 27 billion in 2018 and is predicted to accrue earnings worth USD 36 billion by 2025, is set to record a CAGR of nearly 4.14% over 2018-2025. The report offers valuation and analysis of Power Tools market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Massive DIY technique trends are gaining prominence across the globe and this has resulted in the growing popularity of the power tools in the recent times. In addition to this, power tools have found plethora of applications across automotive and construction industries. Moreover, the time-saving ability of the power tools has increased its demand for performing repetitive tasks like sawing and screw driving. Apart from this, rapidly expanding industrial infrastructure facility and refurbishment of concrete structures within a specific timespan needs used of advanced tools, thereby facilitating the growth of the power tools industry over the forthcoming years. In addition to this, power tools reduce the physical work and enhance the operational efficiency of the production units and this will contribute majorly towards the business growth in the foreseeable future.

Market Growth Dynamics

Prominent use of the power tools in wind turbines to reduce maintenance costs & construction charges will prompt the market surge over the ensuing years. In addition to this, increase in the utilization of electric power tools and production of energy efficient power systems have culminated into huge market demand in the recent years. Moreover, high labor charges in the emerging economies have forced the firms in the manufacturing industry to optimize the use of power tools for increasing the proficiency of the business operations as well as enhance the productivity of material handing instruments. This, in turn, will help the power tools market flourish over the coming decade. Nonetheless, huge costs of the power tools will restraint the expansion of the market in the near future. However, massive use of power tools in the aerospace & aviation sector as well as defense sector will protrude the growth of power tolls business across the globe over the forthcoming years. Apparently, rapid industrialization has further added to the market size in the recent years.

Europe To Account Sizably Towards Overall Market Revenue By 2026

The swift expansion of the market in the European continent over the estimated timeline can be attributed to surge in the DIY activities in the residential & commercial sectors. Apparently, the escalating use of cordless electric power systems in the countries like Germany, France, Russia, Italy, and UK will contribute notably towards the regional market proceeds in the ensuing years. Surge in urbanization and thriving online retailing activities in the region will further pave a way for marked growth of the industry in the continent over the forecasting years.

Key players contributing massively towards the growth of the market and profiled in our study include Atlas Copco, Hilti, hGears, Robert Bosch, Ingersoll-Rand, Stanley Black & Decker, Techtronic Industries, Makita, Apex Tool Group, and C. & E. Fein.

This report segments the global power tools market into:

Global Power Tools Market: Mode Analysis

• Electric
  • Corded
  • Cordless
• Pneumatic
• Others

Global Power Tools Market: Tool Type Analysis

• Drilling and Fastening
• Sawing
• Demolition
• Material Removal

Global Power Tools Market: Application Analysis

• Construction
• Automotive
• Aerospace
• DIY
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Table Of Content

• Chapter 1. Introduction
  • 1.1. Report description and scope
  • 1.2. Research scope
  • 1.3. Research methodology
    • 1.3.1. Market research process
    • 1.3.2. Market research methodology
•  
• Chapter 2. Executive Summary
  • 2.1. Global Power Tools market, 2016-2025 (USD Billion) (Units)
  • 2.2. Global Power Tools market: Snapshot
•  
• Chapter 3. Power Tools Market - Industry Dynamics
  • 3.1. Introduction
  • 3.2. Market Drivers
    • 3.2.1. Global Power Tools market drivers: impact analysis
    • 3.2.2. The flourishing construction industry in emerging nations
  • 3.3. Market Restraints
    • 3.3.1. Global Power Tools market restraints: impact analysis
    • 3.3.2. High maintenance costs
  • 3.4. Opportunities
    • 3.4.1. Focus on manufacturing smart power tools with wireless connectivity
  • 3.5. Porter’s Five Forces Analysis
  • 3.6. Market Attractiveness Analysis
    • 3.6.1. Market attractiveness analysis, by Mode
    • 3.6.2. Market attractiveness analysis, by Tool Type
    • 3.6.3. Market attractiveness analysis, by Application
    • 3.6.4. Market attractiveness analysis, by Region
•  
• Chapter 4. Global Power Tools Market - Competitive Landscape
  • 4.1. Company market share analysis
    • 4.1.1. Global Power Tools market: company market share, 2018
  • 4.2. Strategic development
    • 4.2.1. Acquisitions & mergers
    • 4.2.2. New product launch
    • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
    • 4.2.4. Research and development and regional expansion
•  
• Chapter 5. Global Power Tools Market - Mode Analysis
  • 5.1. Global Power Tools market: Mode overview
    • 5.1.1. Global Power Tools market revenue & volume share, by Mode, 2018 and 2025
  • 5.2. Electric
    • 5.2.1. Global Power Tools market for Electric, 2016-2025 (USD Billion) (Units)
  • 5.3. Pneumatic
    • 5.3.1. Global Power Tools market for Pneumatic, 2016-2025 (USD Billion) (Units)
  • 5.4. Others
    • 5.4.1. Global Power Tools market for Others, 2016-2025 (USD Billion) (Units)
•  
• Chapter 6. Global Power Tools Market - Tool Type Analysis
  • 6.1. Global Power Tools market: Tool Type overview
    • 6.1.1. Global Power Tools market revenue & volume share, by Tool Type, 2018 and 2025
  • 6.2. Drilling & Fastening
    • 6.2.1. Global Power Tools market for Drilling & Fastening, 2016-2025 (USD Billion) (Units)
  • 6.3. Demolition
    • 6.3.1. Global Power Tools market for Demolition, 2016-2025 (USD Billion) (Units)
  • 6.4. Sawing
    • 6.4.1. Global Power Tools market for Sawing, 2016-2025 (USD Billion) (Units)
  • 6.5. Material Removal
    • 6.5.1. Global Power Tools market for Material Removal, 2016-2025 (USD Billion) (Units)
•  
• Chapter 7. Global Power Tools Market - Application Analysis
  • 7.1. Global Power Tools market: Application overview
    • 7.1.1. Global Power Tools market revenue & volume share, by Application, 2018 and 2025
  • 7.2. Construction
    • 7.2.1. Global Power Tools market for Construction, 2016-2025 (USD Billion) (Units)
  • 7.3. Automotive
    • 7.3.1. Global Power Tools market for Automotive, 2016-2025 (USD Billion) (Units)
  • 7.4. Aerospace
    • 7.4.1. Global Power Tools market for Aerospace, 2016-2025 (USD Billion) (Units)
  • 7.5. DIY
    • 7.5.1. Global Power Tools market for DIY, 2016-2025 (USD Billion) (Units)
  • 7.6. Others
    • 7.6.1. Global Power Tools market for Others, 2016-2025 (USD Billion) (Units)
•  
• Chapter 8. Global Power Tools Market - Regional Analysis
  • 8.1. Global Power Tools market: regional overview
    • 8.1.1. Global Power Tools market revenue & volume share, by region, 2018 and 2025
  • 8.2. North America
    • 8.2.1. North America Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
    • 8.2.2. North America Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
    • 8.2.3. North America Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
    • 8.2.4. The U.S.
      • 8.2.4.1. The U.S. Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.2.4.2. The U.S. Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.2.4.3. The U.S. Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
  • 8.3. Europe
    • 8.3.1. Europe Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
    • 8.3.2. Europe Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
    • 8.3.3. Europe Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
    • 8.3.4. UK
      • 8.3.4.1. UK Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.3.4.2. UK Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
      • 8.3.4.3. UK Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
    • 8.3.5. Germany
      • 8.3.5.1. Germany Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.3.5.2. Germany Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.3.5.3. Germany Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
    • 8.3.6. France
      • 8.3.6.1. France Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.3.6.2. France Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.3.6.3. France Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
  • 8.4. Asia Pacific
    • 8.4.1. Asia Pacific Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
    • 8.4.2. Asia Pacific Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
    • 8.4.3. Asia Pacific Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
    • 8.4.4. China
      • 8.4.4.1. China Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.4.4.2. China Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
      • 8.4.4.3. China Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
    • 8.4.5. Japan
      • 8.4.5.1. Japan Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.4.5.2. Japan Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
      • 8.4.5.3. Japan Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
    • 8.4.6. India
      • 8.4.6.1. India Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.4.6.2. India Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
      • 8.4.6.3. India Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
  • 8.5. Latin America
    • 8.5.1. Latin America Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
    • 8.5.2. Latin America Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
    • 8.5.3. Latin America Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
    • 8.5.4. Brazil
      • 8.5.4.1. Brazil Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
      • 8.5.4.2. Brazil Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
      • 8.5.4.3. Brazil Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
  • 8.6. The Middle East and Africa
    • 8.6.1. The Middle East and Africa Power Tools market revenue & volume, by Mode, 2016-2025 (USD Billion) (Units)
    • 8.6.2. The Middle East and Africa Power Tools market revenue & volume, by Tool Type, 2016-2025 (USD Billion) (Units)
    • 8.6.3. The Middle East and Africa Power Tools market revenue & volume, by Application, 2016-2025 (USD Billion) (Units)
•  
• Chapter 9. Company Profile
  • 9.1. Robert Bosch
    • 9.1.1. Overview
    • 9.1.2. Financials
    • 9.1.3. Product portfolio
    • 9.1.4. Business strategy
    • 9.1.5. Recent developments
  • 9.2. Stanley Black & Decker
    • 9.2.1. Overview
    • 9.2.2. Financials
    • 9.2.3. Product portfolio
    • 9.2.4. Business strategy
    • 9.2.5. Recent developments
  • 9.3. Techtronic Industries
    • 9.3.1. Overview
    • 9.3.2. Financials
    • 9.3.3. Product portfolio
    • 9.3.4. Business strategy
    • 9.3.5. Recent developments
  • 9.4. Makita
    • 9.4.1. Overview
    • 9.4.2. Financials
    • 9.4.3. Product portfolio
    • 9.4.4. Business strategy
    • 9.4.5. Recent developments
  • 9.5. Hilti
    • 9.5.1. Overview
    • 9.5.2. Financials
    • 9.5.3. Product portfolio
    • 9.5.4. Business strategy
    • 9.5.5. Recent developments
  • 9.6. Atlas Copco
    • 9.6.1. Overview
    • 9.6.2. Financials
    • 9.6.3. Product portfolio
    • 9.6.4. Business strategy
    • 9.6.5. Recent developments
  • 9.7. Apex Tool Group
    • 9.7.1. Overview
    • 9.7.2. Financials
    • 9.7.3. Product portfolio
    • 9.7.4. Business strategy
    • 9.7.5. Recent developments
  • 9.8. Ingersoll-Rand
    • 9.8.1. Overview
    • 9.8.2. Financials
    • 9.8.3. Product portfolio
    • 9.8.4. Business strategy
    • 9.8.5. Recent developments
  • 9.9. hGears
    • 9.9.1. Overview
    • 9.9.2. Financials
    • 9.9.3. Product portfolio
    • 9.9.4. Business strategy
    • 9.9.5. Recent developments
  • 9.10. C. & E. Fein
    • 9.10.1. Overview
    • 9.10.2. Financials
    • 9.10.3. Product portfolio
    • 9.10.4. Business strategy
    • 9.10.5. Recent developments

Methodology

Free Analysis

Power tools are devices activated by a power source, not necessarily via manual labor. There are different kinds of power tools, such as hammer drills, electric screwdriver, and fast screw guns. These power tools are mainly utilized for construction and various DIY jobs, which include assembly, packaging, production, and maintenance. The power tools are available in various sizes and shapes and are simple and flexible to operate. The oldest power tool is the lathe, which is still used. Manufacturers involved in manufacturing and producing power tools ensure that the manufactured tools adhere to the rules and regulations of the OSHA standards.

The power tools market is likely to grow rapidly over the estimated timeframe, owing to the flourishing construction industry sector, mainly in emerging nations. The rapid urbanization and industrialization are anticipated to further fuel this market’s in the future. The ongoing trend of constructing smart buildings and infrastructures in cities of the emerging nations, such as India, China, and Brazil, is also projected to propel the power tools market growth and development in the years ahead. The increasing automation requirements among various industry verticals have led to a rapid shift from hand tools to power tools, as power tools offer durability, better performance, precision, time efficiency, etc. This, in turn, is also likely to foster the power tools market in the upcoming years. Additionally, owing to technological advancements, the development of cost-effective and energy-efficient tools is expected to positively influence the market in the future. However, the unstable economic condition may hinder market growth and development in the upcoming years.

Based on mode, the power tools market is segmented into electric, pneumatic, and others. The electric segment is further sub-segmented into cord and cordless. By tool type, the market is categorized into drilling and fastening, sawing, demolition, and material removal. By application, the market is segmented into construction, automotive, aerospace, DIY, and others.

By region, Europe held an extensive revenue share of the global power tools market in 2018 and is expected to dominate the global market in the upcoming years. This can be attributed to the growing DIY activities in the residential sector for renovation purposes, which has led to the increasing demand for power tools, and the rising demand for cordless electric power tools. The North American region is expected to provide significant opportunities in the global power tools market over the estimated timeframe, owing to the growing infrastructural developments and its activities in the non-residential and commercial sector and the technological advancements and innovations related to power tools.

Some key players of the global power tools market are Robert Bosch, Stanley Black & Decker, Techtronic Industries, Makita, Hilti, Atlas Copco, Apex Tool Group, Ingersoll-Rand, hGears, and C. & E. Fein, among others.