Power Tools Market

Power Tools Market by Mode (Electric (Corded & Cordless), Pneumatic), Tool Type (Drilling & Fastening, Sawing, Demolition, Material Removal), Application (Industrial (Construction, Automotive, Aerospace, Energy), DIY) - Global Forecast to 2024

Report Code: SE 5705 Aug, 2019, by marketsandmarkets.com

[174 Pages Report] The global power tools market is estimated to grow from USD 31.8 billion in 2019 to USD 41.7 billion by 2024, at a CAGR of 5.5%. The power tools industry is witnessing innovations in every aspect of tool design, ergonomics, efficiency and productivity, battery performance, and other connectivity technologies. Manufacturers are investing more in cordless power tools to better position themselves in a highly competitive market. Key factors driving the market growth include growing adoption of cordless power tools, increasing sales of commercial vehicles, rising demand for fastening tools in industrial environments, and growing construction industry in emerging economies. However, the high maintenance cost of power tools and fluctuations in raw material prices may hamper the growth of the market.

Power Tools Market

The market for material removal tools to grow at a significant rate from 2019 to 2024.

Material removal tools such as grinders are used for abrasive cutting, grinding, and polishing applications. They are mostly used in metal fabrication shops, automotive worksites, and construction sites. Other material removal tools, such as belt sanders, delta sanders, and orbital sanders, are used in industrial and residential applications. Rising demand for material removal tools in industries such as automotive, motor vehicle, and aerospace is driving the growth of the market.

The market for electric-powered equipment to grow at a higher CAGR from 2019 to 2024.

Increasing demand for cordless electric power tools is driving market growth. Power tool manufacturers are focusing on producing cordless tools by launching cordless versions of electric power tools types. The growth of electric power tools is fueled by innovations in lithium-ion battery technology. The energy density of lithium-ion is typically twice than that of the standard nickel–cadmium. In addition, self-discharge in a lithium-ion battery is less than half when compared with nickel–cadmium when the tool is not in use.

Residential/DIY applications are likely to exhibit the highest growth in the power tools market during the forecast period.

One of the biggest trends in the power tools market is the growing trend of DIY culture. All advances in power tools have made easier for DIY enthusiasts to use power tools. This, along with the drop in the availability of professionals working on household jobs, and the availability of ergonomic, user-friendly power tools have stimulated growth in the do-it-yourself (DIY) market. Electric power tools are mostly used by DIY consumers for residential refurbishment and improvement projects. Remodeling and renovation projects are growing at a faster rate than new construction projects. This is especially true in residential projects wherein there is heightened interest in remodeling and refurbishing existing homes rather than purchasing new ones among consumers. Therefore, the use of power tools by DIY enthusiasts for remodeling and renovation projects is driving the demand for power tools, especially in developed countries.

Power Tools Market

Market in APAC to grow at fastest CAGR during forecast period”

APAC is the emerging market for power tools. The power tools market in this region is expected to grow at the fastest rate during the forecast period. Rising urbanization, growing manufacturing industry, and increasing automotive sales in this region are the key factors fueling the growth of the market in APAC. China and India are the major countries in APAC that are witnessing significant growth in GDP. According to the Organization for Economic Cooperation and Development, India’s GDP growth will hover near 7.5% by 2020 compared with 7.25% in 2019. However, China’s economy is expected to register 6% growth in 2020. Moreover, South Asia is witnessing significant demand for power tools. Owing to this, APAC is likely to be the fastest-growing market for power tools during the forecast period.

Key Market Players

As of 2018, Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated (US) were the major players in the power tools market.

Stanley Black & Decker is a leading player in the power tools market. The company offers a diversified range of power tools for residential and industrial applications. The company has a well-balanced product portfolio comprising various brands. The company focuses on producing battery-powered cordless tools. In line with its strategy, the company launched several cordless power tools in 2018. The company dedicatedly works on providing innovative and advanced power tools. The company adopts product innovations and acquisitions as key strategies to foster sustainable revenue growth.

Techtronic Industries (TTI) has a diversified product portfolio pertaining to the power tools market. The company is continuously growing by being on the technology forefront with a cordless product portfolio. Its technological innovation capabilities in lithium battery technology, high performance brushless motors, and system electronics helped achieve about 17% revenue growth in 2018 in the Power Equipment, Accessories & Hand Tools business segment.

Robert Bosch has a diversified product portfolio, including cordless and corded power tools. The company heavily invests in R&D to offer innovative power tools in the market, especially in the fields of battery, sensor technology, and networking of power tools. In 2018, the company introduced a large number of intelligent power tools for professionals. The company has strong geographic footprint with manufacturing plants, sales offices, and distributors.

Scope of Report:

Report Metric

Details

Years considered for providing market size

2016–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD million/billion) and volume (million units)

Segments covered

Tool type, mode of operation, application (industrial & residential)

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated (US) are among the major players in the power tools market. A total of 25 companies are covered in this study.

In this report, the overall power tools market has been segmented on the basis of tool type, mode of operation, application, and region.

By Tool Type

  • Drilling and fastening tools
    • Drills
    • Impact drivers
    • Impact wrenches
    • Screwdrivers and nutrunners
  • Demolition tools
    • Rotary hammers/hammer drills/demolition hammers
  • Sawing and cutting tools
    • Jigsaws
    • Reciprocating saws
    • Circular saws
    • Band saws
    • Sheers and nibblers
  • Material removal tools
    • Sanders/polishers/buffers
    • Grinders
      • Angle grinders
      • Die and straight grinder
  • Routing Tools
    • Routers/planers/joiners
  • Others (measuring and layout tools, laser tools, dust extractors, glue guns, and heat guns)

By Mode of Operation

  • Electric
    • Corded
    • Cordless
  • Pneumatic
  • Others (Hydraulic and power-actuated)

By Application

  • Industrial
    • Construction
    • Automotive
    • Aerospace
    • Energy
    • Shipbuilding
    • Others
  • Residential/DIY

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa

Recent Developments

  • Bosch launched GBH18V-26D 18V EC Brushless 1 In. SDS-plus Bulldog Rotary Hammer with CORE18V battery. The GBH18V-26D rotary hammer weighs 5.8 lbs (tool only) and delivers 1.9 ft-lbs of impact energy for superior impact-to-weight ratio and advanced performance in heavy-duty drilling and chipping applications in concrete.
  • Stanley Black & Decker announced the launch of ATOMIC Compact Series, a part of the 20V MAX* System products. Under this series, the company introduced 20V MAX* Compact Drill/Driver, 20V MAX* Compact Impact Driver, 20V MAX* Compact Hammer Drill/Driver, 20V MAX* Compact Circular Saw, 20V MAX* Compact Oscillating Multi-Tool, and 20V MAX* Compact Reciprocating Saw.
  • Makita U.S.A., Inc. launched the 18V LXT Cordless Compact Band Saw (XBP03) and 18V LXT Cordless Brushless Threaded Rod Cutter (XCS03)—tools for efficient metal cutting.

Critical Questions:

  • How the shift from pneumatic to electric and corded to cordless will change the revenue mix of the manufacturers?
  • Which power tool type is expected to have the highest demand in the future?
  • Who are the top 5 players in the power tools market?
  • What are the growth opportunities for manufacturers in residential and industrial applications?
  • How tool manufacturers can tap high growth opportunities in the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 37)
    4.1 Lucrative Opportunities in Power Tools Market
    4.2 Power Tools Market, By Tool Type
    4.3 Market, By Application
    4.4 Market in North America, By Mode of Operation and Country
    4.5 Market in APAC, By Industrial Application
    4.6 Market, By Region

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Adoption of Cordless Power Tools
                    5.2.1.2 Increasing Sales of Commercial Vehicles
                    5.2.1.3 Rising Demand for Electric Fastening Tools in Industrial Environments
                    5.2.1.4 Growing Construction Industry in Emerging Countries
           5.2.2 Restraints
                    5.2.2.1 High Maintenance Cost
                    5.2.2.2 Raw Material Price Fluctuation
           5.2.3 Opportunities
                    5.2.3.1 Fastening Tools in Wind Energy Industry
                    5.2.3.2 Smart Connectivity in Power Tools
                    5.2.3.3 Connected Power Tools for Industry 4.0
           5.2.4 Challenges
                    5.2.4.1 Designing Ergonomic and Lightweight Power Tools
                    5.2.4.2 Regulatory Compliance and Power Tool Safety

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Research & Development Companies
           6.2.2 Component Suppliers
           6.2.3 Tool Manufacturers
           6.2.4 Distributors and Retailers
           6.2.5 End-User Industries
           6.2.6 Post-Sales Service Providers
    6.3 Key Trends in Power Tools Market
           6.3.1 Shift From Corded to Cordless
           6.3.2 Connected Assembly Power Tools
           6.3.3 Brushless DC Motors
           6.3.4 Lithium-Ion Batteries Replacing NI-CD and NI-MH
           6.3.5 Wireless Charging
           6.3.6 Growth in Diy Activities
           6.3.7 Design of Ergonomic and Powerful Power Tools
           6.3.8 Energy-Efficient Power Tools
    6.4 Power Tools Application, By Trade
           6.4.1 Concrete & Construction
           6.4.2 Woodworking
           6.4.3 Metalworking

7 Power Tools Market, By Tool Type (Page No. - 51)
    7.1 Introduction
    7.2 Drilling and Fastening Tools
           7.2.1 Drills
                    7.2.1.1 Electric Drills to Hold Major Market During Forecast Period
           7.2.2 Impact Drivers
                    7.2.2.1 Impact Drivers are Preferred By Professionals for Driving Applications
           7.2.3 Impact Wrenches
                    7.2.3.1 Automotive Industry is the Key End-User of Impact Wrenches
           7.2.4 Screwdrivers and Nutrunners
                    7.2.4.1 Nutrunners are Widely Used in Automotive and Aerospace Assembly Operations
    7.3 Demolition Tools
           7.3.1 Rotary Hammers/Hammer Drills/Demolition Hammers
                    7.3.1.1 Construction Industry to Drive Demand for Demolition Tools
    7.4 Sawing and Cutting Tools
           7.4.1 Jigsaws
                    7.4.1.1 Jigsaws are Widely Used in Wood and Metal Cutting Applications
           7.4.2 Reciprocating Saws
                    7.4.2.1 Cordless Reciprocating Saws are Gaining Popularity Among Professionals
           7.4.3 Circular Saws
                    7.4.3.1 Circular Saws are Heavy Duty Power Tools for Professional Users
           7.4.4 Band Saws
                    7.4.4.1 Band Saws are Preferred for Stationary Cutting Applications
           7.4.5 Shears and Nibblers
                    7.4.5.1 Shears and Nibblers are Replacing Hand Tools for Metal Cutting Applications
    7.5 Material Removal Tools
           7.5.1 Sanders/Polishers/Buffers
                    7.5.1.1 Demand for Sanders and Polisher is Likely to Grow in Industrial Applications
           7.5.2 Grinders
                    7.5.2.1 Angle Grinders
                               7.5.2.1.1 Construction Industry is Leading the Demand for Angle Grinders
                    7.5.2.2 Die and Straight Grinders
                               7.5.2.2.1 Die and Straight Grinder are Used Mostly in Construction Sites, Automobile Repair Shops, and Metalworking Shops
    7.6 Routing Tools
           7.6.1 Routers/Planers/Joiners
                    7.6.1.1 Palm Routers and Laminate Trimmers
                               7.6.1.1.1 Woodworking Professionals to Drive Demand for Palm Routers and Laminate Trimmers
    7.7 Others

8 Power Tools Market, By Mode of Operation (Page No. - 63)
    8.1 Introduction
    8.2 Electric
           8.2.1 Corded Tools
                    8.2.1.1 Corded Electric Tools to Held Largest Size of Power Tools Market in 2018
           8.2.2 Cordless Tools
                    8.2.2.1 Demand for Cordless Tools to Grow at Highest CAGR During Forecast Period
    8.3 Pneumatic
           8.3.1 Construction and Automotive Industries to Drive Demand for Pneumatic Power Tools During Forecast Period
    8.4 Other Tools
           8.4.1 Construction Industry to Dominate Market for Hydraulic and Power-Actuated Tools

9 Power Tools Market, By Application (Page No. - 81)
    9.1 Introduction
    9.2 Industrial/Professional
           9.2.1 Construction
                    9.2.1.1 Construction Industry Held Largest Size of Market in 2019
           9.2.2 Automotive
                    9.2.2.1 Automotive to Exhibit Highest Growth in Market Between 2019 and 2024
           9.2.3 Aerospace
                    9.2.3.1 Aerospace to Offer Lucrative Opportunity for Material Removal Tool Manufacturers
           9.2.4 Energy
                    9.2.4.1 Wind Energy to Offer Significant Growth Opportunities During Forecast Period
           9.2.5 Shipbuilding
                    9.2.5.1 APAC Held Largest Size of Market for Shipbuilding Industry in 2018
           9.2.6 Other Industries
    9.3 Residential/Diy
           9.3.1 Cordless Power Tools to Drive Market for Residential/Diy Applications

10 Geographic Analysis (Page No. - 98)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US to Hold Largest Size of Power Tools Market From 2019 to 2024
             10.2.2 Canada
                        10.2.2.1 Growing Demand for Cordless Tools to Drive Market in Canada
             10.2.3 Mexico
                        10.2.3.1 Widespread Adoption of Power Tools in Construction Industry is Driving Market Growth in Mexico
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Germany to Remain A Key Market for Power Tools in Europe During Forecast Period
             10.3.2 France
                        10.3.2.1 Presence of Leading Aerospace and Automotive Companies to Drive Demand for Power Tools in France
             10.3.3 UK
                        10.3.3.1 Growing Demand for Cordless Tools From Residential and Nonresidential Users is Driving Power Tools Market in UK
             10.3.4 Italy
                        10.3.4.1 Automotive to Drive Demand for Power Tools in Italy During Forecast Period
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
                        10.4.1.1 China Held Largest Size of Market in APAC
             10.4.2 Japan
                        10.4.2.1 Rising Adoption of Cordless Tools is Driving Demand for Power Tools in Japan
             10.4.3 South Korea
                        10.4.3.1 Shipbuilding Industry is A Key End User of Power Tools in South Korea
             10.4.4 India
                        10.4.4.1 Indian Power Tools Market to Grow at Highest CAGR During Forecast Period
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 South America
                        10.5.1.1 Brazil and Argentina are Major Markets in South America
             10.5.2 Middle East and Africa
                        10.5.2.1 UAE, Saudi Arabia, and South Africa are Key Markets in South America

11 Competitive Landscape (Page No. - 117)
     11.1 Overview
     11.2 Market Ranking Analysis
     11.3 Competitive Leadership Mapping
             11.3.1 Visionary Leaders
             11.3.2 Dynamic Differentiators
             11.3.3 Innovators
             11.3.4 Emerging Companies
     11.4 Strength of Product Portfolio
     11.5 Business Strategy Excellence
     11.6 Competitive Scenario
             11.6.1 Product Launches
             11.6.2 Acquisitions
             11.6.3 Partnerships and Collaborations

12 Company Profiles (Page No. - 129)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     12.1 Key Players
             12.1.1 Stanley Black & Decker
             12.1.2 Bosch
             12.1.3 Techtronic Industries (TTI)
             12.1.4 Makita
             12.1.5 Hilti
             12.1.6 Atlas Copco
             12.1.7 APEX Tool Group
             12.1.8 Ingersoll-Rand
             12.1.9 Snap-On
             12.1.10 Koki Holdings
     12.2 Other Key Players
             12.2.1 Emerson Electric Co.
             12.2.2 Panasonic Corporation
             12.2.3 Illinois Tool Works Inc. (ITW)
             12.2.4 Fortive Corporation
             12.2.5 Positec Tool Group
             12.2.6 Chervon (China) Trading Co. Ltd.
             12.2.7 C. & E. Fein GmbH
             12.2.8 Ferm B.V.
             12.2.9 Aimco Global
             12.2.10 Uryu Seisaku, Ltd.
             12.2.11 Interskol
             12.2.12 TTS Tooltechnic Systems AG & Co. Kg (Festool)
             12.2.13 Kyocera Corporation
             12.2.14 CS Unitec
             12.2.15 Dynabrade

13 Appendix (Page No. - 167)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (68 Tables)

Table 1 Power Tools Market, in Terms of Value and Volume, 2016–2024
Table 2 Market, By Tool Type, 2016–2024 (USD Million)
Table 3 Market for Drilling and Fastening Tools, By Mode of Operation, 2016–2024 (USD Million)
Table 4 Market for Demolition Tools, By Mode of Operation, 2016–2024 (USD Million)
Table 5 Market for Sawing and Cutting Tools, By Mode of Operation, 2016–2024 (USD Million)
Table 6 Market for Material Removal Tools, By Mode of Operation, 2016–2024 (USD Million)
Table 7 Market for Routing Tools, By Mode of Operation, 2016–2024 (USD Million)
Table 8 Market for Other Tools, By Mode of Operation, 2016–2024 (USD Million)
Table 9 Market, By Mode of Operation, 2016–2024 (USD Million)
Table 10 Electric Power Tools Market, By Tool Type, 2016–2024 (USD Million)
Table 11 Electric Market, By Application, 2016–2024 (USD Million)
Table 12 Electric Market, By Industry, 2016–2024 (USD Million)
Table 13 Electric Market for Construction Industry, By Region, 2016–2024 (USD Million)
Table 14 Electric Market for Automotive Industry, By Region, 2016–2024 (USD Million)
Table 15 Electric Market for Aerospace Industry, By Region, 2016–2024 (USD Million)
Table 16 Electric Power Tools Market for Energy Industry, By Region, 2016–2024 (USD Million)
Table 17 Electric Market for Shipbuilding Industry, By Region, 2016–2024 (USD Million)
Table 18 Electric Market for Other Industries, By Region, 2016–2024 (USD Million)
Table 19 Electric Market for Residential/Diy Application, By Region, 2016–2024 (USD Million)
Table 20 Electric Power Tools Market, By Type, 2016–2024 (USD Million)
Table 21 Pneumatic Market, By Tool Type, 2016–2024 (USD Million)
Table 22 Pneumatic Market, By Industry, 2016–2024 (USD Million)
Table 23 Pneumatic Power Tools Market for Construction Industry, By Region, 2016–2024 (USD Million)
Table 24 Pneumatic Market for Automotive Industry, By Region, 2016–2024 (USD Million)
Table 25 Pneumatic Market for Aerospace Industry, By Region, 2016–2024 (USD Million)
Table 26 Pneumatic Market for Energy Industry, By Region, 2016–2024 (USD Million)
Table 27 Pneumatic Power Tools Market for Shipbuilding Industry, By Region, 2016–2024 (USD Million)
Table 28 Pneumatic Market for Other Industries, By Region, 2016–2024 (USD Million)
Table 29 Power Tools Market for Others, By Tool Type, 2016–2024 (USD Million)
Table 30 Market for Others, By Industry, 2016–2024 (USD Million)
Table 31 Power Tools Market, By Application, 2016–2024 (USD Million)
Table 32 Market, By Industrial Application, 2016–2024 (USD Million)
Table 33 Market for Industrial Applications, By Region, 2016–2024 (USD Million)
Table 34 Power Tools Market in Construction Industry, By Mode of Operation, 2016–2024 (USD Million)
Table 35 Market for Construction Industry, By Region, 2016–2024 (USD Million)
Table 36 Market in Automotive Industry, By Mode of Operation, 2016–2024 (USD Million)
Table 37 Market for Automotive Industry, By Region, 2016–2024 (USD Million)
Table 38 Power Tools Market for Aerospace Industry, By Mode of Operation, 2016–2024 (USD Million)
Table 39 Market for Aerospace Industry, By Region, 2016–2024 (USD Million)
Table 40 Market for Energy Industry, By Mode of Operation, 2016–2024 (USD Million)
Table 41 Market for Energy Industry, By Region, 2016–2024 (USD Million)
Table 42 Power Tools Market for Shipbuilding Industry, By Mode of Operation, 2016–2024 (USD Million)
Table 43 Market for Shipbuilding Industry, By Region, 2016–2024 (USD Million)
Table 44 Market for Other Industries, By Mode of Operation, 2016–2024 (USD Million)
Table 45 Market for Others Industries, By Region, 2016–2024 (USD Million)
Table 46 Market for Residential/Diy Applications, By Region, 2016–2024 (USD Million)
Table 47 Hydraulic and Power-Actuated Power Tools Market for Construction, By Region, 2016–2024 (USD Million)
Table 48 Hydraulic and Power-Actuated Market for Automotive, By Region, 2016–2024 (USD Million)
Table 49 Hydraulic and Power-Actuated Power Tools Market for Aerospace, By Region, 2016–2024 (USD Million)
Table 50 Hydraulic and Power-Actuated Market for Energy, By Region, 2016–2024 (USD Million)
Table 51 Hydraulic and Power-Actuated Power Tools Market for Shipbuilding, By Region, 2016–2024 (USD Million)
Table 52 Hydraulic and Power-Actuated Market for Other Industries, By Region, 2016–2024 (USD Million)
Table 53 Power Tools Market, By Region, 2016–2024 (USD Million)
Table 54 Market in North America, By Mode of Operation, 2016–2024 (USD Million)
Table 55 Market in North America, By Industrial Application, 2016–2024 (USD Million)
Table 56 Market in North America, By Country, 2016–2024 (USD Million)
Table 57 Power Tools Market in Europe, By Mode of Operation, 2016–2024 (USD Million)
Table 58 Market in Europe, By Industrial Application, 2016–2024 (USD Million)
Table 59 Market in Europe, By Country, 2016–2024 (USD Million)
Table 60 Power Tools Market in APAC, By Mode of Operation, 2016–2024 (USD Million)
Table 61 Market in APAC, By Industrial Application, 2016–2024 (USD Million)
Table 62 Market in APAC, By Country, 2016–2024 (USD Million)
Table 63 Market in RoW, By Mode of Operation, 2016–2024 (USD Million)
Table 64 Market in RoW, By Industrial Application, 2016–2024 (USD Million)
Table 65 Market in RoW, By Region, 2016–2024 (USD Million)
Table 66 Product Launch, 2017–2019
Table 67 Strategic Acquisitions, 2017–2019
Table 68 Partnership and Collaboration, 2018


List of Figures (60 Figures)

Figure 1 Power Tools Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumption of the Research Study
Figure 7 Drilling & Fastening Tools to Hold Largest Size of Power Tools Market From 2019 to 2024
Figure 8 Electric Tools to Dominate Market During Forecast Period
Figure 9 Residential/Diy Application to Grow at Higher CAGR From 2019 to 2024
Figure 10 Automotive to Grow at Highest CAGR From 2019 to 2024
Figure 11 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 12 Attractive Opportunities in Market From 2019 to 2024
Figure 13 Power Tools Market for Drilling and Fastening Tools to Grow at Highest CAGR During Forecast Period
Figure 14 Industrial Application to Hold Larger Share of Market From 2019 to 2024
Figure 15 US to Hold Largest Share of Market in North America During Forecast Period
Figure 16 Construction to Dominate Market in APAC During Forecast Period
Figure 17 North America to Hold Largest Size of Market During Forecast Period
Figure 18 Power Tools Market Dynamics
Figure 19 Commercial Vehicles Sales (2012–2017)
Figure 20 Global Cumulative Installed Wind Capacity, 2011–2018
Figure 21 Power Tools Market: Value Chain
Figure 22 Power Tool Market, By Tool Type
Figure 23 Drilling and Fastening Tools to Hold Largest Size of Market During Forecast Period
Figure 24 Electric Drilling and Fastening Tools to Dominate Market During Forecast Period
Figure 25 Electric Sawing and Cutting Tools to Dominate Market During Forecast Period
Figure 26 Electric Material Removal Tools to Dominate Market During Forecast Period
Figure 27 Power Tools Market, By Mode of Operation
Figure 28 Electric Power Tools to Dominate Market During Forecast Period
Figure 29 Drilling and Fastening Tools to Lead Electric Market During Forecast Period
Figure 30 Europe to Hold Largest Size of Electric Power Tools Market for Automotive Industry During Forecast Period
Figure 31 North America to Hold Largest Size of Electric Market for Residential/Diy Application During Forecast Period
Figure 32 Automotive Industry to Dominate Pneumatic Power Tools Market During Forecast Period
Figure 33 Pneumatic Power Tools Market for Aerospace Industry in APAC to Grow at Highest CAGR During 2019–2024
Figure 34 Construction Industry to Lead the Market for Other Market During 2019–2024
Figure 35 Power Tools Market, By Application
Figure 36 Market for Automotive Industry to Grow at Highest CAGR During Forecast Period
Figure 37 Market for Constriction Industry in APAC to Grow at Highest CAGR During Forecast Period
Figure 38 North America to Account for Largest Size of Market for Aerospace Industry During Forecast Period
Figure 39 APAC to Hold Largest Size of Market for Shipbuilding Industry During Forecast Period
Figure 40 North America to Hold Largest Size of Market for Residential/Diy Application During Forecast Period
Figure 41 Snapshot of Global Power Tools Market
Figure 42 North America: Snapshot of Market
Figure 43 US to Hold Largest Size of North American Market During 2019–2024
Figure 44 Europe: Snapshot of Power Tools Market
Figure 45 Power Tools Market for Automotive Industry in Europe to Grow at Highest CAGR During Forecast Period
Figure 46 APAC: Snapshot of Market
Figure 47 Market in India to Grow at Highest CAGR During Forecast Period
Figure 48 Market in Middle East and Africa to Grow at Higher CAGR During Forecast Period
Figure 49 Key Players Adopted Product Launches and Acquisitions as Key Growth Strategies During 2016–2019
Figure 50 Ranking of Top 5 Players in Power Tools Market (2018)
Figure 51 Power Tools Market (Global) Competitive Leadership Mapping, 2018
Figure 52 Stanley Black & Decker: Company Snapshot
Figure 53 Bosch: Company Snapshot
Figure 54 Techtronic Industries: Company Snapshot
Figure 55 Makita: Company Snapshot
Figure 56 Hilti: Company Snapshot
Figure 57 Atlas Copco: Company Snapshot
Figure 58 Ingersoll Rand: Company Snapshot
Figure 59 Snap-On: Company Snapshot
Figure 60 Koki Holdings: Company Snapshot

The study involved 4 major activities for estimating the current size of the power tools market. An exhaustive secondary research was carried out to collect information on market. The next step involved the validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. The secondary sources used for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data have been sourced from associations such as European Power Tool Association (EPTA), Power Tool Institute, International Organization of Motor Vehicle Manufacturers (OICA), and American Hardware Manufacturers Association (AHMA).

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information related to power tools. Key players in the power tools market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as CEOs, directors, and marketing personnel.

Power Tools Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the power tools market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size through the estimation process, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

The Objectives of the Study are as Follows:

  • To describe and forecast the power tools market, in terms of value, by mode of operation, tool type, and application
  • To analyze and forecast the overall power tools market in terms of volume
  • To describe and forecast the power tools market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To analyze opportunities in market for stakeholders by identifying high-growth segments in the overall power tools market
  • To provide a detailed overview of the value chain in the power tools market
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall power tools market
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze competitive developments such as product launches, acquisitions, and partnerships in the power tools market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific need. The following customization options are available for the report.

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Market share analysis of top 5 suppliers
Report Code
SE 5705
Published ON
Aug, 2019
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