Power Tools Market with COVID-19 impact Analysis by Mode (Electric (Corded & Cordless), Pneumatic), Tool Type (Drilling & Fastening, Sawing, Demolition, Material Removal), Application (Industrial (Construction, Automotive, Aerospace, Energy), DIY) - Global Forecast to 2025
[191 Pages Report] The power tools market is projected to grow from USD 29.5 billion in 2020 to USD 36.9 billion by 2025; it is expected to grow at a CAGR of 4.6% from 2020 to 2025. The key factors fueling the growth of the market growing adoption of cordless power tools, rising demand for fastening tools in industrial environments, and growing construction industry in emerging economies are the key factors driving the growth of the power tools market. The power tools market offers several opportunities for manufacturers to focus smart connectivity for power tools.
COVID-19 impact on the power tools market
COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The dynamics upon which various industries used to operate are set to change drastically. As the world continues to fight this crisis, multiple industries continue to experience a constant decline. Among these industries, the automotive industry has a diverse effect.
COVID-19 has been spreading across the world, starting from APAC, then moving to Europe, and currently accelerating in North America. COVID-19 has affected nearly all continents; however, the US, Russia, Brazil, India, UK, Spain, Italy, and Germany have experienced a sharp increase in diagnosed cases. Globalization and interconnected economies of most countries would be affected due to COVID-19.
COVID-19 has severely impacted automotive companies, affecting manufacturing hubs in India, China, Italy, Germany, Spain, and the US. These countries have announced the complete or partial lockdown of manufacturing units, apart from assembly plants. Other tier-I manufacturers are also experiencing the decline in their sales of vehicles, due to the lockdown of manufacturing operations. For instance, Germany, which is the car manufacturing hub in the European region, has lost 22 working days, thereby affecting 568,518 employees and has caused a production loss of 456, 977 vehicles. However, it is expected to have high demand for power tools in the automotive sector in 2021, since power tools heavily relies on electronic components for automobile production.
Market Dynamics
Driver: Rising adoption of cordless power tools globally
Cordless power tools include a wide range of battery-powered tools, such as hammer drills, impact wrenches, and circular saws, as well as nailers and staplers. The demand for more mobile, flexible, and compact tools is driving the market for cordless tools. Lithium-ion batteries are replacing conventional nickel-cadmium (Ni-Cd) and nickel-metal hydride (Ni-MH) power tools. Advances in battery technology are contributing to the increasing adoption of cordless power tools with high-density batteries that can last longer once charged.
Lithium-ion batteries provide higher energy density and longer operational life to power tools. These batteries are lightweight and do not exhibit self-discharge. Therefore, lithium-ion batteries have become the most popular option for powering cordless power tools. Furthermore, with consumers attraction toward cordless tools, tool manufacturers are focusing on cordless power tools and launching innovative products in the market.
Restraint: High maintenance cost
Power tools, such as assembly tools, are precision instruments, requiring regular maintenance of its moving parts. Power tools are required to be recalibrated at regular intervals for precise operations. Motors, batteries, power connections, and other components of power tools wear out and fail over time. Regular maintenance, e.g., oiling, sharpening and replacing parts, and other repairs, is required for the proper working of tools, which, in turn, incurs high cost. Consumers, particularly in developing countries, are reluctant to spend on the maintenance of power tools due to the availability of low-cost manual labor. Thus, the high cost of maintenance is restraining the growth of the power tools market. Also, the cost of ownership of power tools increases because of maintenance and repair requirements. Therefore, consumers in developing countries are leasing power tools, which is also hampering the growth of the market for power tools.
Opportunity: Fastening tools in wind energy industry
Electric fastening tools play a vital role in the installation of wind turbines. These fastening tools are used during the foundation of bolts, gearboxes, rotor bearing tools, and wind turbines. Additionally, these tools are used in maintenance, repairing, and inspecting tower processes. To maintain accuracy, a tightening factor is decided and accordingly, torque is applied to joints. As wind turbine installation requires precise torque, electric fastening tools are likely to be the most suitable power tools for this industry. Growing installation capacity may create lucrative opportunities for players in the power tools market.
Challenge: Regulatory compliance and power tool safety
As power tools are supplied worldwide by several tools manufacturers to various industries, such as automotive, aerospace, energy and power, shipbuilding, and consumer electronics, power tool product safety, and regulatory compliance are critical issues for manufacturers. Domestic and international distribution channels, as well as end users, demand safety, reliability, and rigorous compliance with existing and emerging safety standards. Thus, it is important for tool manufacturers to comply with these safety regulations. In addition to mandatory regulations, manufacturers must address important concerns from retailers and consumers regarding quality and environmental sustainability. Depending on the specific type of equipment, additional regulations may address physical safety requirements, electromagnetic interference, operating noise levels, material chemical composition, and product recycling issues. In addition to mandatory requirements, additional product testing results in the increased cost of power tools. Thus, to comply with existing trade policies and support, safety regulations are the major challenges for power tools manufacturers.
The drilling and fastening tools segment of the power tools market is projected to grow at the highest CAGR from 2020 to 2025.
Currently, drilling and fastening tools is projected to grow at highest CAGR during forecasted period. Electric drilling and fastening tools are used by professionals and DIY consumers, while most pneumatic drilling and fastening tools are used in industrial environments such as automotive and aerospace manufacturing plants. Electric drilling and fastening tools are operated either through a battery, based on application or through corded power supply. Hydraulic drilling tools are ideal for heavy industry and construction applications. The prominent players offered drilling and fastening tools, have been affected owing to the outbreak of COVID-19. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the power tools market in FY20.
The electric power tools market is projected to grow at the highest CAGR during the forecast period.
The electric power tools market is projected to grow at the highest CAGR during the forecast period owing to the increasing demand for do-it-yourself (DIY) techniques among household consumers. Electric power tools are also used in a wide range of industries including construction, automotive, aerospace, energy, and shipbuilding. The growth of electric power tools is fueled by innovations in battery technology and the growing adoption of cordless tools among industrial and residential users. Rapid urbanization and industrialization are anticipated to further fuel the growth of the market in the near future.The COVID-19 outbreak is expected to impact all end-user industries. This, in turn, is expected to affect electric power tools production, as well as demand for a power tools in the market.
The power tools market in APAC is projected to grow at the highest CAGR during the forecast period.
APAC is likely to be the fastest-growing region in the power tools market. Countries such as China and India are witnessing rising demand for power tools. COVID-19 forced lockdowns across APAC. The supply chains in and around APAC have been disrupted, which has resulted in limited permissible transportation. Asian countries under lockdown have suffered tremendous loss of business and revenue due to the shutdown of many manufacturing units. This has impacted the demand for power toolss in 2020.
Key Market Players
The power tools players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, contracts, partnerships and, business expansions, to strengthen their offerings in the market. The major players are Atlas Copco AB (Sweden), Apex Tool Group, LLC (US), Robert Bosch GmbH (Germany), Hilti Corporation (Liechtenstein), Makita Corporation (Japan), Ingersoll-Rand plc (Ireland), Stanley Black & Decker, Inc. (US), Techtronic Industries Co., Ltd. (Hong Kong), KOKI Holdings (Japan), and Snap-on Incorporated (US) were the major players in the power tools market.
The study includes an in-depth competitive analysis of these key players in the power tools market with their company profiles, recent developments, and key market strategies.
Report Scope:
|
Report Metric |
Details |
|
Years considered |
20162025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD million/billion) |
|
Segments covered |
Tool type, mode of operation, application (industrial/professional and residential/DIY) |
|
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
- In March 2020, Makita launched a new 18V X2 LXT (36V) Cordless String Trimmer (XRU18). With power equivalent to a 30cc gas string trimmer, the XRU18 is ideal for professional landscapers to use for aggressive applications, such as cutting bushes and tall weeds.
- In April 2019, 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.
- In March 2019, Stanley Black & Decker announced the launch of the 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. These products would be available throughout 2019 and 2020.
Frequently Asked Questions (FAQ):
Which are the major industries uses power tool equipment?
The power tools market is broadly segmented into two type of end user industries include industrial, and residential/DIY. Further, the industrial segment includes automotive, aerospace, construction, energy, shipbuilding, and others.
What are the driving factors for power tools market?
Some of the major driving factors for the growth of this market include The demand for more mobile, flexible, and compact tools, and growing adoption of cordless power tools.
Which major countries are considered in the European region?
The report includes an analysis of the UK, Germany, France, and rest of European countries.
What are the opportunities for new market entrants in this market?
The increasing scope of power tools for wind energy, smart connectivity in power tools, power tools adoption with Industry 4.0 would provide growth opportunities for the players operating in the power tools market
Does this report include the impact of COVID-19 on the streaming analytics market?
Yes, the report includes the impact of COVID-19 on the power tools market. It illustrates the post- COVID-19 market scenario. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 POWER TOOLS MARKET: INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 POWER TOOLS MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 29)
2.1 RESEARCH DATA
FIGURE 2 POWER TOOLS MARKET: RESEARCH DESIGN
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
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS OF POWER TOOLS MARKET SIZE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market share by bottom-up analysis (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 7 ASSUMPTION FOR RESEARCH STUDY
3 EXECUTIVE SUMMARY (Page No. - 39)
FIGURE 8 PRE- AND POST-COVID-19 IMPACT ANALYSIS ON POWER TOOLS MARKET FROM 2017 TO 2025
3.1 PRE-COVID-19
3.2 REALISTIC SCENARIO
3.3 PESSIMISTIC SCENARIO
3.4 OPTIMISTIC SCENARIO
TABLE 1 POWER TOOLS MARKET, IN TERMS OF VALUE AND VOLUME, 20162019
TABLE 2 POWER TOOLS MARKET, IN TERMS OF VALUE AND VOLUME, 20202025
FIGURE 9 DRILLING & FASTENING TOOLS TO HOLD LARGEST SIZE OF POWER TOOLS MARKET FROM 2020 TO 2025
FIGURE 10 ELECTRIC TOOLS TO DOMINATE POWER TOOLS MARKET DURING FORECAST PERIOD
FIGURE 11 CONSTRUCTION TO HOLD LARGEST MARKET SHARE FROM 2020 TO 2025
FIGURE 12 POWER TOOLS MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 LUCRATIVE OPPORTUNITIES IN POWER TOOLS MARKET
FIGURE 13 ATTRACTIVE OPPORTUNITIES IN POWER TOOLS MARKET FROM 2020 TO 2025
4.2 POWER TOOLS MARKET, BY TOOL TYPE
FIGURE 14 POWER TOOLS MARKET FOR DRILLING AND FASTENING TOOLS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 POWER TOOLS MARKET, BY APPLICATION
FIGURE 15 INDUSTRIAL APPLICATION TO HOLD LARGER SHARE OF POWER TOOLS MARKET FROM 2020 TO 2025
4.4 POWER TOOLS MARKET IN NORTH AMERICA, BY MODE OF OPERATION AND COUNTRY
FIGURE 16 US TO HOLD LARGEST SHARE OF POWER TOOLS MARKET IN NORTH AMERICA DURING FORECAST PERIOD
4.5 POWER TOOLS MARKET, BY INDUSTRIAL APPLICATION
FIGURE 17 CONSTRUCTION TO DOMINATE POWER TOOLS MARKET IN APAC IN 2025
4.6 POWER TOOLS MARKET, BY REGION
FIGURE 18 NORTH AMERICA TO DOMINATE POWER TOOLS MARKET IN 2025
5 MARKET OVERVIEW (Page No. - 48)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 POWER TOOLS MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Implications of COVID-19 on power tools ecosystem
5.2.1.2 Rising adoption of cordless power tools globally
5.2.1.3 Surging 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 Fluctuations in raw material prices
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 Declining sales of commercial vehicles due to COVID-19
FIGURE 20 SALES OF COMMERCIAL VEHICLES (20142019)
5.2.4.2 Designing ergonomic and lightweight power tools
5.2.4.3 Regulatory compliance and power tool safety
6 INDUSTRY TRENDS (Page No. - 53)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 21 POWER TOOLS MARKET: VALUE CHAIN
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 APPLICATIONS, BY TRADE
6.4.1 CONCRETE & CONSTRUCTION
6.4.2 WOODWORKING
6.4.3 METALWORKING
7 POWER TOOLS MARKET, BY TOOL TYPE (Page No. - 59)
7.1 INTRODUCTION
FIGURE 22 POWER TOOLS MARKET, BY TOOL TYPE
FIGURE 23 DRILLING AND FASTENING TOOLS TO HOLD LARGEST SIZE OF POWER TOOLS MARKET IN 2025
TABLE 3 POWER TOOLS MARKET, BY TOOL TYPE, 20162019 (USD MILLION)
TABLE 4 POWER TOOLS MARKET, BY TOOL TYPE, 20202025 (USD MILLION)
TABLE 5 POWER TOOLS MARKET SHIPMENT, 20192025 (MILLION UNITS)
7.2 DRILLING AND FASTENING TOOLS
7.2.1 DRILLS
7.2.1.1 Electric drills to hold major market share 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 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
TABLE 6 POWER TOOLS MARKET FOR DRILLING AND FASTENING TOOLS, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 7 POWER TOOLS MARKET FOR DRILLING AND FASTENING TOOLS, BY MODE OF OPERATION, 20202025 (USD MILLION)
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
TABLE 8 POWER TOOLS MARKET FOR DEMOLITION TOOLS, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 9 POWER TOOLS MARKET FOR DEMOLITION TOOLS, BY MODE OF OPERATION, 20202025 (USD MILLION)
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
TABLE 10 POWER TOOLS MARKET FOR SAWING AND CUTTING TOOLS, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 11 POWER TOOLS MARKET FOR SAWING AND CUTTING TOOLS, BY MODE OF OPERATION, 20202025 (USD MILLION)
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 driving demand for angle grinders
7.5.2.2 Die and straight grinders
7.5.2.2.1 Die and straight grinders are used mostly in construction sites, automobile repair shops, and metalworking shops
TABLE 12 POWER TOOLS MARKET FOR MATERIAL REMOVAL TOOLS, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 13 POWER TOOLS MARKET FOR MATERIAL REMOVAL TOOLS, BY MODE OF OPERATION, 20202025 (USD MILLION)
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
TABLE 14 POWER TOOLS MARKET FOR ROUTING TOOLS, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 15 POWER TOOLS MARKET FOR ROUTING TOOLS, BY MODE OF OPERATION, 20202025 (USD MILLION)
7.7 OTHERS
TABLE 16 POWER TOOLS MARKET FOR OTHER TOOLS, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 17 POWER TOOLS MARKET FOR OTHER TOOLS, BY MODE OF OPERATION, 20202025 (USD MILLION)
8 POWER TOOLS MARKET, BY MODE OF OPERATION (Page No. - 72)
8.1 INTRODUCTION
FIGURE 24 POWER TOOLS MARKET, BY MODE OF OPERATION
FIGURE 25 ELECTRIC POWER TOOLS TO DOMINATE POWER TOOLS MARKET DURING FORECAST PERIOD
TABLE 18 POWER TOOLS MARKET, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 19 POWER TOOLS MARKET, BY MODE OF OPERATION, 20202025 (USD MILLION)
8.2 ELECTRIC
TABLE 20 ELECTRIC POWER TOOLS MARKET, BY TOOL TYPE, 20162019 (USD MILLION)
TABLE 21 ELECTRIC POWER TOOLS MARKET, BY TOOL TYPE, 20202025 (USD MILLION)
TABLE 22 ELECTRIC POWER TOOLS MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 23 ELECTRIC POWER TOOLS MARKET, BY APPLICATION, 20202025 (USD MILLION)
TABLE 24 ELECTRIC POWER TOOLS MARKET, BY INDUSTRY, 20162019 (USD MILLION)
TABLE 25 ELECTRIC POWER TOOLS MARKET, BY INDUSTRY, 20202025 (USD MILLION)
TABLE 26 ELECTRIC POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 27 ELECTRIC POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 28 ELECTRIC POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 29 ELECTRIC POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 30 ELECTRIC POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 31 ELECTRIC POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 32 ELECTRIC POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 33 ELECTRIC POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 34 ELECTRIC POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 35 ELECTRIC POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 36 ELECTRIC POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY REGION, 20162019 (USD MILLION)
TABLE 37 ELECTRIC POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY REGION, 20202025 (USD MILLION)
TABLE 38 ELECTRIC POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATION, BY REGION, 20162019 (USD MILLION)
TABLE 39 ELECTRIC POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATION, BY REGION, 20202025 (USD MILLION)
TABLE 40 ELECTRIC POWER TOOLS MARKET, BY TYPE, 20162019 (USD MILLION)
TABLE 41 ELECTRIC POWER TOOLS MARKET, BY TYPE, 20202025 (USD MILLION)
TABLE 42 CORDED ELECTRIC POWER TOOLS MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 43 CORDLESS ELECTRIC POWER TOOLS MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 44 CORDLESS ELECTRIC POWER TOOLS MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 45 CORDED ELECTRIC POWER TOOLS MARKET, BY REGION, 20202025 (USD MILLION)
8.2.1 CORDED TOOLS
8.2.1.1 Corded electric tools to hold largest size of power tools market during forecast period
8.2.2 CORDLESS TOOLS
8.2.2.1 Market 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
TABLE 46 PNEUMATIC POWER TOOLS MARKET, BY TOOL TYPE, 20162019 (USD MILLION)
TABLE 47 PNEUMATIC POWER TOOLS MARKET, BY TOOL TYPE, 20202025 (USD MILLION)
TABLE 48 PNEUMATIC POWER TOOLS MARKET, BY INDUSTRY, 20162019 (USD MILLION)
TABLE 49 PNEUMATIC POWER TOOLS MARKET, BY INDUSTRY, 20202025 (USD MILLION)
TABLE 50 PNEUMATIC POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 51 PNEUMATIC POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 52 PNEUMATIC POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 53 PNEUMATIC POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 54 PNEUMATIC POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 55 PNEUMATIC POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 56 PNEUMATIC POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 57 PNEUMATIC POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 58 PNEUMATIC POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 59 PNEUMATIC POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 20202025 (USD MILLION)
TABLE 60 PNEUMATIC POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY REGION, 20162019 (USD MILLION)
TABLE 61 PNEUMATIC POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY REGION, 20202025 (USD MILLION)
8.4 OTHER TOOLS
TABLE 62 POWER TOOLS MARKET FOR OTHERS, BY TOOL TYPE, 20162019 (USD MILLION)
TABLE 63 POWER TOOLS MARKET FOR OTHERS, BY TOOL TYPE, 20202025 (USD MILLION)
TABLE 64 POWER TOOLS MARKET FOR OTHERS, BY INDUSTRY, 20162019 (USD MILLION)
TABLE 65 POWER TOOLS MARKET FOR OTHERS, BY INDUSTRY, 20202025 (USD MILLION)
9 POWER TOOLS MARKET, BY APPLICATION (Page No. - 92)
9.1 INTRODUCTION
FIGURE 26 POWER TOOLS MARKET, BY APPLICATION
FIGURE 27 INDUSTRIAL APPLICATION IS EXPECTED TO HOLD THE LARGER POWER TOOL MARKET DURING FORECAST PERIOD
TABLE 66 POWER TOOLS MARKET, BY APPLICATION, 20162019 (USD MILLION)
TABLE 67 POWER TOOLS MARKET, BY APPLICATION, 20202025 (USD MILLION)
9.2 INDUSTRIAL/PROFESSIONAL
TABLE 68 POWER TOOLS MARKET, BY INDUSTRIAL APPLICATION, 20162019 (USD MILLION)
TABLE 69 POWER TOOLS MARKET, BY INDUSTRIAL APPLICATION, 20202025 (USD MILLION)
TABLE 70 POWER TOOLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20162019 (USD MILLION)
TABLE 71 POWER TOOLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20202025 (USD MILLION)
9.2.1 CONSTRUCTION
9.2.1.1 Construction industry held largest size of power tools market in 2019
TABLE 72 POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 73 POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 74 POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 75 POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 20202025 (USD MILLION)
9.2.2 AUTOMOTIVE
9.2.2.1 Automotive is among major COVID-19-impacted applications in power tools market
TABLE 76 POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 77 POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 78 POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 79 POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 20202025 (USD MILLION)
9.2.3 AEROSPACE
9.2.3.1 Aerospace to offer lucrative opportunity to material removal tool manufacturers
TABLE 80 POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 81 POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 82 POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 83 POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 20202025 (USD MILLION)
9.2.4 ENERGY
9.2.4.1 Wind energy to offer significant growth opportunities during forecast period
TABLE 84 POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 85 POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 86 POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 20202025 (USD MILLION)
9.2.5 SHIPBUILDING
9.2.5.1 APAC held largest size of power tools market for shipbuilding industry in 2019
TABLE 87 POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 88 POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 89 POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 20162019 (USD MILLION)
TABLE 90 POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 20202025 (USD MILLION)
9.2.6 OTHER INDUSTRIES
TABLE 91 POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 92 POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 93 POWER TOOLS MARKET FOR OTHERS INDUSTRIES, BY REGION, 20162019 (USD MILLION)
TABLE 94 POWER TOOLS MARKET FOR OTHERS INDUSTRIES, BY REGION, 20202025 (USD MILLION)
9.3 RESIDENTIAL/DIY
9.3.1 CORDLESS POWER TOOLS TO DRIVE MARKET FOR RESIDENTIAL/DIY APPLICATIONS
10 GEOGRAPHIC ANALYSIS (Page No. - 108)
10.1 INTRODUCTION
TABLE 95 POWER TOOLS MARKET, BY REGION, 20162019 (USD MILLION)
TABLE 96 POWER TOOLS MARKET, BY REGION, 20202025 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 28 NORTH AMERICA: SNAPSHOT OF POWER TOOLS MARKET
TABLE 97 POWER TOOLS MARKET IN NORTH AMERICA, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 98 POWER TOOLS MARKET IN NORTH AMERICA, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 99 POWER TOOLS MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 20162019 (USD MILLION)
TABLE 100 POWER TOOLS MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 20202025 (USD MILLION)
TABLE 101 POWER TOOLS MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION)
TABLE 102 POWER TOOLS MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
10.2.1 US
10.2.1.1 US to hold largest size of power tools market in 2025
10.2.2 CANADA
10.2.2.1 Growing demand for cordless tools to drive power tools 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
FIGURE 29 EUROPE: SNAPSHOT OF POWER TOOLS MARKET
TABLE 103 POWER TOOLS MARKET IN EUROPE, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 104 POWER TOOLS MARKET IN EUROPE, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 105 POWER TOOLS MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 20162019 (USD MILLION)
TABLE 106 POWER TOOLS MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 20202025 (USD MILLION)
TABLE 107 POWER TOOLS MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 108 POWER TOOLS MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Germany to remain 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 non-residential users is driving power tools market in UK
10.3.4 ITALY
10.3.4.1 Automotive sector to drive demand for power tools in Italy during forecast period
10.3.5 REST OF EUROPE
10.4 APAC
FIGURE 30 APAC: SNAPSHOT OF POWER TOOLS MARKET
TABLE 109 POWER TOOLS MARKET IN APAC, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 110 POWER TOOLS MARKET IN APAC, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 111 POWER TOOLS MARKET IN APAC, BY INDUSTRIAL APPLICATION, 20162019 (USD MILLION)
TABLE 112 POWER TOOLS MARKET IN APAC, BY INDUSTRIAL APPLICATION, 20202025 (USD MILLION)
TABLE 113 POWER TOOLS MARKET IN APAC, BY COUNTRY, 20162019 (USD MILLION)
TABLE 114 POWER TOOLS MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION)
10.4.1 CHINA
10.4.1.1 China held largest size of power tools 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 INDIA
10.4.3.1 Indian power tools market is expected to grow at highest CAGR during forecast period
10.4.4 SOUTH KOREA
10.4.4.1 Shipbuilding industry is key end user of power tools in South Korea
10.4.5 REST OF APAC
10.5 ROW
TABLE 115 POWER TOOLS MARKET IN ROW, BY MODE OF OPERATION, 20162019 (USD MILLION)
TABLE 116 POWER TOOLS MARKET IN ROW, BY MODE OF OPERATION, 20202025 (USD MILLION)
TABLE 117 POWER TOOLS MARKET IN ROW, BY INDUSTRIAL APPLICATION, 20162019 (USD MILLION)
TABLE 118 POWER TOOLS MARKET IN ROW, BY INDUSTRIAL APPLICATION, 20202025 (USD MILLION)
TABLE 119 POWER TOOLS MARKET IN ROW, BY REGION, 20162019 (USD MILLION)
TABLE 120 POWER TOOLS MARKET IN ROW, BY REGION, 20202025 (USD MILLION)
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. - 127)
11.1 OVERVIEW
FIGURE 31 KEY PLAYERS ADOPTED PRODUCT LAUNCHES AND ACQUISITIONS AS KEY GROWTH STRATEGIES DURING 20162019
11.2 MARKET RANKING ANALYSIS
FIGURE 32 RANKING OF TOP 5 PLAYERS IN POWER TOOLS MARKET (2019)
11.3 COMPETITIVE LEADERSHIP MAPPING
11.3.1 VISIONARY LEADERS
11.3.2 DYNAMIC DIFFERENTIATORS
11.3.3 INNOVATORS
11.3.4 EMERGING COMPANIES
FIGURE 33 POWER TOOLS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
11.4 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 34 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN POWER TOOLS MARKET
11.5 BUSINESS STRATEGY EXCELLENCE
FIGURE 35 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN POWER TOOLS MARKET
11.6 COMPETITIVE SCENARIO
11.6.1 PRODUCT LAUNCHES
TABLE 121 PRODUCT LAUNCHES, 20172020
11.6.2 ACQUISITIONS
TABLE 122 STRATEGIC ACQUISITIONS, 20172020
12 COMPANY PROFILES (Page No. - 138)
12.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1.1 STANLEY BLACK & DECKER
FIGURE 36 STANLEY BLACK & DECKER: COMPANY SNAPSHOT
12.1.2 BOSCH
FIGURE 37 BOSCH: COMPANY SNAPSHOT
12.1.3 TECHTRONIC INDUSTRIES (TTI)
FIGURE 38 TECHTRONIC INDUSTRIES: COMPANY SNAPSHOT
12.1.4 MAKITA
FIGURE 39 MAKITA: COMPANY SNAPSHOT
12.1.5 HILTI
FIGURE 40 HILTI: COMPANY SNAPSHOT
12.1.6 ATLAS COPCO
FIGURE 41 ATLAS COPCO: COMPANY SNAPSHOT
12.1.7 APEX TOOL GROUP
12.1.8 INGERSOLL-RAND
FIGURE 42 INGERSOLL RAND: COMPANY SNAPSHOT
12.1.9 SNAP-ON
FIGURE 43 SNAP-ON: COMPANY SNAPSHOT
12.1.10 KOKI HOLDINGS
FIGURE 44 KOKI HOLDINGS: COMPANY SNAPSHOT
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
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 ANDREAS STIHL
12.2.6 POSITEC TOOL GROUP
12.2.7 CHERVON (CHINA) TRADING CO. LTD.
12.2.8 C. & E. FEIN GMBH
12.2.9 FERM B.V.
12.2.10 AIMCO GLOBAL
12.2.11 URYU SEISAKU, LTD.
12.2.12 INTERSKOL
12.2.13 TTS TOOLTECHNIC SYSTEMS AG & CO. KG (FESTOOL)
12.2.14 KYOCERA CORPORATION
12.2.15 CS UNITEC
13 ADJACENT & RELATED MARKETS (Page No. - 176)
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 MARKET DEFINITION
13.4 MARKET OVERVIEW
13.5 ELECTRIC FASTENING SYSTEM MARKET, BY POWER SOURCE
TABLE 123 HANDHELD ELECTRIC FASTENING SYSTEM MARKET, BY POWER SOURCE, 20142023 (USD MILLION)
13.6 ELECTRIC FASTENING SYSTEM MARKET, BY INDUSTRY
TABLE 124 ELECTRIC FASTENING SYSTEM MARKET, BY INDUSTRY, 20142023 (USD MILLION)
13.6.1 AUTOMOTIVE
TABLE 125 ELECTRIC FASTENING SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 20142023 (USD MILLION)
13.6.2 AEROSPACE
TABLE 126 ELECTRIC FASTENING SYSTEM MARKET FOR AEROSPACE INDUSTRY, BY REGION, 20142023 (USD MILLION)
13.6.3 ELECTRONIC AND CONSUMER APPLIANCES
TABLE 127 ELECTRIC FASTENING SYSTEMS MARKET IN ELECTRONICS AND CONSUMER APPLIANCES INDUSTRY, BY REGION, 20142023 (USD MILLION)
13.6.4 ENERGY
TABLE 128 ELECTRIC FASTENING SYSTEM MARKET FOR ENERGY INDUSTRY, BY REGION, 20142023 (USD MILLION)
13.6.5 SHIPBUILDING
TABLE 129 ELECTRIC FASTENING SYSTEM MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 20142023 (USD MILLION)
13.6.6 OTHERS
TABLE 130 ELECTRIC FASTENING SYSTEM MARKET FOR OTHER INDUSTRIES, BY REGION, 20142023 (USD MILLION)
13.7 GEOGRAPHIC ANALYSIS
TABLE 131 ELECTRIC FASTENING SYSTEM MARKET, BY REGION, 20142023 (USD MILLION)
14 APPENDIX (Page No. - 184)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The study involves four major activities for estimating the size of the power tools market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the power tools market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.
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, 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, as well as assess prospects. 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 chief executive officers (CEOs), directors, and marketing personnel.
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.
- Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
- All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- The market sizing for post COVID-19 estimations has been made by referring the quarterly financial reports of various companies in their websites and conducting primaries to discuss the impact of COVID-19 on each segment.
Data Triangulation
After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at 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 the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Study Objectives:
- To 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 for both pre and post COVID-19 global market estimates
- To describe and forecast the power tools market, in terms of value, by regionNorth America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To analyze opportunities in the 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 micromarkets1 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 competencies2, 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 companys 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
Get in-depth analysis of the COVID-19 impact on the Power Tools Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Power Tools Market
Request For Special Pricing
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Power Tools Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Power Tools Market