Power Tools Market by Tool Type (Drilling & Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools, Others), Mode of Operation, Application and Region (2021-2026)
Power Tools Market
Power Tools Market and Top Companies
Stanley Black & Decker, Inc.
Stanley Black & Decker, Inc. is a global provider of power tools, hand tools and associated accessories, engineered fastening systems and products, services and equipment for commercial electronic security and monitoring systems, oil & gas and infrastructure applications, automatic doors, and healthcare solutions. In March 2010, Stanley Works merged with Black & Decker to form Stanley Black & Decker, Inc. The company operates through three business segments: Tools & Storage, Industrial, and Security. Through the Tools & Storage segment, the company offers hand tools, accessories, and storage (HTAS) equipment and power tools and equipment (PTE). Power tools and equipment (PTE) include consumer and professional products. Professional products include professional grade cordless and corded electric power tools and equipment which include impact wrenches and drivers, drills, saws, grinders, sanders and routers, as well as fastners and pneumatic tools which include nails, nail guns, concrete and masonry anchors, and staplers and staples. Consumer products include cordless and corded electric power tools; home products consist of paint tools, handheld vacuums, and cleaning appliances; and lawn and garden products are hedge trimmers, edgers, lawnmowers, string trimmers, and related accessories.
Robert Bosch GmbH
Robert Bosch GmbH is a German multinational and technology company. It operates through four business divisions: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Consumer Goods division comprises the Power Tools and BSH Hausgeräte GmbH businesses. It offers products through two segments: DIY and professional users under the Dremel and Bosch brands. These tools are offered with a subsidiary named Robert Bosch Power Tools GmbH. The company offers power tools for professionals, industry, and DIY users; as well as garden tools, measuring equipment, and accessories. The power tools offered by the company for DIY users are cordless, drills and screwdrivers, saws, sanders while measuring equipment offered by the company are laser and angle measures, detection and inspection devices, and leveling devices.
Techtronic Industries Co. Ltd.
Techtronic Industries Co. Ltd. is a leading provider of hand tools, power tools, outdoor power equipment, and floor care products and appliances to professional users from the home repair, enhancement, maintenance, infrastructure, and construction industries. The company provides products through segments such as Power Equipment and Floorcare. The Power Equipment segment offers power tools, outdoor products, power tool accessories, and accessories of outdoor products for professional, consumer, and industrial applications. RYOBI, HOMELITE, MILWAUKEE, AEG, EMPIRE, and HART are among a few well-known brands through which products are sold by the company under the Power Equipment segment.
Makita Corporation
Makita Corporation is one of the leading manufacturers of electric power tools, pneumatic tools, gardening equipment, and household equipment. The company operates under 3 business segments—Power Tools; Garden Equipment, Household and Others; and Parts, Repairs and Accessories. Under the Power Tools segment, the company offers a wide range of tools such as impact wrenches, drilling/fastening tools, impact drilling/demolition tools, grinding/sanding tools, sawing, among others. The company offers corded and cordless power tools. It offers lightweight, compact, and efficient power tools to professionals and homeowners. Makita also leverages its expertise in DC motors to make its cordless tools more efficient, long-lasting, and lightweight. Power tools engineered with brushless DC motors are manufactured by Makita Corporation.
Hilti Corporation
Hilti Corporation is engaged in the designing and manufacturing of products for various industries such as construction, energy, metals, and railway. The company operated in 2 business segments—Electric Tools & Accessories and Fastening & Protection Systems. The company’s product portfolio includes power tools, cordless tools, direct fastening systems, fastners, dust management and vacuum cleaners, tool inserts, measuring tools and scanners, among others. The company focuses on the construction industry to offer these power tools; however, the company offers its products to several other industries, such as metals, construction, and power and energy. It also offers power tool-related accessories such as battery chargers, lubricants, nail magazines, and washers.
Power Tools Market and Top Applications
Industrial/Professional
Industrial applications have been further classified into construction, automotive, aerospace, energy, shipbuilding, and other industries. The construction industry is at the leading position in the power tools market as these tools are used in a majority of construction projects. Automotive and energy industries are likely to have high growth opportunities in the near future owing to rising commercial vehicle sales and increasing the installation of renewable power plants across the world. Fastening power tools have major applications in automotive, aerospace, and energy industries.
Power Tools by Top Tool Type
Drilling and Fastening Tools
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 power tools market size is projected to reach USD 45.2 billion by 2026, at a CAGR of 5.7%, from USD 34.3 billion in 2021 during the forecast year.
Power tools are used in a wide variety of activities. They can be used on construction sites, in the automotive industry, and even in households. There are many power tool types that are all used for different purposes. One of the most popular types of power tools is electric fastening tools which use magnets to join materials together quickly. They are particularly useful when working with metals or plastics. These products are typically high-voltage cordless devices that drive screws, nuts, and bolts in a fast and precise manner..
The next big market is connected power tools. Connected power tools allow workers to control them remotely from a computer or tablet device. This makes it possible to work over long distances and for tasks that require precision or accuracy.
Manufacturers are now producing power tools that can control other appliances from one device. Examples include drills that can turn lights on and off or pressure washers which can remotely start a water heater.
The growth of the power tools market is being driven by factors such as the increasing demand for electric fastening tools in the industrial environment and the rising construction industry in the emerging economies. Moreover, the development of smart and connected power tools as well as increasing adoption of fastening tools in wind energy industry is expected to drive the demand for power tools in the near future.
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Electric tools were the most extensively consumed power tools in the market in 2020
The electric segment holds the largest share of the power tools market in 2020 and is expected to hold significant CAGR during the forecast period. The electric power tools are widely used in the broad range of industries such as construction, automotive, aerospace, energy, and shipbuilding. The growth of this segment is fueled by innovations in battery technology and the growing adoption of cordless tools among industrial and residential users. Currently, manufacturers are focusing towards the production of cordless electric power tools powered by lithium-ion batteries. As a result, the demand for cordless power tools with lithium-ion batteries is expected to increase during the forecast period.
Drilling and fastening tools to hold the largest share of power tools market in 2020
The market for the drilling and fastening power tools held the largest share in 2020 and is estimated to remain the same during the forecast period. The growth of the segment is attributed to the rising adoption of these tools in the automotive assembly and wind turbine installation operations. 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.
Power tools were extensively used in industrial/professional application
The industrial/professional application holds the largest share in 2020. The demand for power tools is rising extensively in prominent industries such as automotive and construction. The construction industry accounts for the majority of demand for power tools as these tools are used in most construction projects. The resumption of construction activities across the world post the outbreak of the COVID-19 pandemic has led to a surge in demand for power tools. Additionally, the growing industrial expansion as well as rising repair and maintenance operations are also responsible for the growth of the market.
Asia Pacific is expected to be the leading region in the power tools market during the forecast period
APAC is expected to hold the largest growth rate of the global market during the forecast period. One of the major factors driving the growth of the market in the region is the rising road construction and infrastructure activities, especially in emerging economies such as India, Singapore, China, and Japan. Besides, the increasing government initiatives toward enhancing industrial manufacturing facilities and infrastructural development in various countries in APAC is expected to fuel the growth of the market during the forecast period.
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Key Market Players
The power tools market is dominated by a few globally established players such as Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), Techtronic Industries Co. Ltd. (Hong Kong), Makita Corporation (Japan), and Hilti Corporation (Liechtenstein).
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|
Report Metric |
Details |
|
Market Size Available for Years |
2017–2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021–2026 |
|
CAGR |
5.7% |
|
Segments Covered |
Tool Type, Mode of Operation, Application, And Distribution Channel |
|
Geographic Regions Covered |
North America, APAC, Europe, and RoW |
|
Companies Covered |
Major Players: Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), Techtronic Industries Co. Ltd. (Hong Kong), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco AB (Sweden), Ingersoll Rand (US), Snap-on Incorporated (US), Apex Tool Group (US), Koki Holding Co., Ltd. (Japan), and Others- total 25 players have been covered |
This research report categorizes the power tools market by tool type, mode of operation, application, distribution channel, and region.
By Tool Type:
- Drilling and Fastening Tools
- Drills
- Impact Drivers
- Impact Wrenches
- Screwdriver and Nutrunners
- Demolition Tools
- Rotary Hammers/Hammer Drills/Demolition Hammers/Air Hammers
- Sawing and Cutting Tools
- Jigsaws
- Reciprocating Saws
- Circular Saws
- Band Saws
- Shears and Nibblers
- Material Removal Tools
- Sanders/Polishers/Buffers
- Air Scalers
- Grinders
- Angle Grinders
- Die and Straight Grinders
- Routing Tools
- Routers/Planers/Joiners
- Others (Measuring and Layout Tools, Laser Tools, Dust Extractors, Glue Guns, and Heat Guns)
By Mode of Opertion:
- Electric
- Corded Tools
- Cordless Tools
- Pneumatic
- Others
By Application
- Industrial/Professional
- Construction (Concrete and Woodworking)
- Facility Management
- Automotive (Metalworking/Metal Fabrication)
- Aerospace (Metalworking/Metal Fabrication)
- Energy (Metalworking)
- Shipbuilding (Woodworking and Metalworking)
- Other Industries (Mining, Oil & Gas, and Electronics)
- Construction (Concrete and Woodworking)
- Residential/DIY
- Furniture
By Distribution Channel
- Online
- Offline
By Region:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Power Tools Market Dynamics
DRIVERS: Growing construction industry in emerging economies
Rising demand from the construction industry due to advanced infrastructural developments propels the sales of power tools. Power tools are adopted in the construction industry because these tools offer increased efficiency and accuracy, along with enhanced safety of the workforce. The growth of the construction industry boosts the demand for power tools, which leads to advanced infrastructural developments. Power tools such as drills and hammers are widely used in the construction industry. The construction industry is expected to witness significant growth in emerging countries such as India and China due to strong government support and rising income levels, thereby driving the growth of the power tools market.
RESTRAINT: Fluctuations in raw material prices
Power tools are manufactured using resins, ferrous and non-ferrous metals such as steel, zinc, copper, brass, aluminum, and nickel. Power tools also include other components such as batteries, motors, and electronic components. Power tool manufacturers are largely dependent on the supply of raw materials. Fluctuating costs of raw materials, component parts, or finished goods could result in manufacturing interruptions, delays, inefficiencies, or an inability to market products. Raw materials required for power tools are procured globally, and generally available from multiple suppliers at competitive prices.
OPPORTUNITIES: Development of smart and connected power tools
With the advent of IoT and the adoption of smart connected systems in assembly line operations, each equipment within the plant is getting connected. Advancements in technologies and the adoption of smart manufacturing practices lead to innovation of smart and connected tools. Leading tool manufacturers are focusing on the production of smart and connected power tools. For instance, Milwaukee Tool Corporation (Brand of Techtronic Industries) launched ONE-KEY, the digital platform for tools and equipment. This cloud-based platform allows a user to customize torque and speed settings for applications at hand.
CHALLENGES: Declining sales of commercial vehicles due to COVID-19
Power tools are used in automobile manufacturing as well as servicing plants for several applications, such as drilling, fastening, tightening, and polishing. In the automotive industry, power tools are primarily used for installing brakes and seats in an automobile and detecting problems, such as faulty parts, on the assembly line at an early stage, thereby eliminating production errors. 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.
Recent Developments
- In October 2021, Stanley Black & Decker, Inc. has entered into a partnership with Eastman to advance sustainability in the power tools industry. BLACK+DECKER, a Stanley Black & Decker brand, would be releasing a new product line, namely reviva, which would be offering the brand's first sustainability-led power tools that utilize Eastman's Tritan Renew copolyester.
- In October 2021, DEWALT, a Stanley Black & Decker brand, announced the launch of DEWALT POWERSTACK 20V MAX Compact Battery, a next-generation technological breakthrough that marks a new era of performance for DEWALT cordless power tools.
- In December 2020, Hilti has announced the expansion of its its rotary and combination hammer tool portfolio with the next generation TE 70-ATC/AVR, the most powerful SDS-Max combination hammer in its class. The newly launched tool would help commercial contractors and tradespeople drill up to 40% faster in reinforced concrete and demolish more concrete.
- In September 2021, Robert Bosch Power Tools GmbH has announced the expansion of its comprehensive product line of woodworking and wood cutting solutions with the introduction of its 12V and 18V cordless sanders, the GEX12V-5 Brushless 5 In. The newly launched cordless sanders are designed for optimal balance and convenience.
- In August 2021, Robert Bosch Power Tools GmbH has announced the newest entries to its line of random orbit sanders including GEX33-5N, 5 In., GEX33-6N 6 In., and GEX34-6N 6 In. These new sanders are designed for professionals.
Frequently Asked Questions (FAQ):
Is the Power Tools Market among the fastest growing industries?
There is no doubt that the power tools market is one of the fastest growing industries in the world. This is mainly owing to the increasing popularity of these tools among consumers and businesses alike. In addition, the advancement of technology has also contributed to the growth of this market.
Some of the upcoming trends that are likely to boost the power tools market further include:
The increasing demand for cordless power tools: Cordless power tools are becoming increasingly popular among consumers as they offer a number of advantages over their counterparts. Some of these advantages include freedom of movement, lower noise levels, and lesser maintenance requirements. As a result, we can expect to see a rise in the demand for cordless power tools in the coming years.
The growing popularity of smart power tools: Smart power tools are those that are connected to the internet and can be controlled via mobile apps or other such devices. These tools offer a number of benefits such as real-time monitoring, remote diagnostics, and data-driven decision making. Due to these advantages, their popularity is expected to grow in the coming years.
The increasing adoption of battery-powered tools: Battery-powered tools are another type of cordless power tools.
What are the factors that affect Power tools market growth?
There are a few key factors that affect the growth of the Power tools market. The first is innovation. As new technologies and products enter the market, there is always a need for new or improved power tools. This drives companies to invest in research and development, which fuels market growth.
Another important factor is the state of the economy. When the economy is strong, businesses have more money to invest in things like power tools. Conversely, during economic downturns, businesses may cut back on their expenditures, leading to a slowdown in the Power tools market.
Finally, demographics play a role in market growth. For example, as the population ages, there may be more demand for power tools that are designed for seniors or people with disabilities. Alternatively, if there is a surge in home improvement projects, which could lead to an increase in sales of power tools as well.
What Kinds of power tools are being developed by Power tools manufacturers now?
There are lots of new developments in the power tools market. Manufacturers are constantly coming up with new and innovative products to meet the needs of consumers. Some of the upcoming trends include:
More powerful and efficient tools: With advances in technology, manufacturers are able to develop more powerful and efficient tools. This means that users can get more work done in a shorter period of time.
More ergonomic designs: Ergonomics is becoming increasingly important for power tools. Manufacturers are now designing tools that are easier and more comfortable to use for extended periods of time.
Increased safety features: Safety is always a top priority for power tools. Manufacturers are now incorporating more safety features into their products to help reduce the risk of accidents.
More versatile tools: Versatility is another key trend in the power tools market. Consumers are demanding tools that can do more than one thing. Manufactures are responding by developing multi-purpose tools that can complete a variety of tasks.
Cordless options: Cordless power tools are becoming increasingly popular as they offer greater freedom of movement and increased portability.
What are the Emerging Power Tools?
As we move deeper into the 21st century, we're seeing more and more innovative new power tools being released onto the market. While some of these are simply updated versions of existing tools with new bells and whistles, others represent completely new concepts and designs. So, what can we expect to see in the power tools market in the coming years?
One trend that looks set to continue is the rise of cordless power tools. As battery technology continues to improve, we're seeing more and more cordless versions of popular tools being released, such as drills, saws, and impact wrenches. This trend offers a number of advantages for users, including greater portability, less dependence on mains power, and reduced running costs.
Another big trend that we're seeing is the increasing popularity of multi-tools. These all-in-one devices combine a number of different power tools into one convenient package, making them ideal for those who need to be able to tackle a variety of tasks. We're also seeing an increase in the number of attachments and accessories available for power tools, giving users even more options for customizing their toolkits.
What to expect from different power tools?
As we all know, the power tools market is constantly changing and evolving. With new technology being developed all the time, it can be hard to keep up with the latest trends. However, knowing what to expect from different power tools can help you make the best choices for your needs.
One of the biggest trends in power tools right now is cordless technology. This allows for greater portability and convenience, as well as increased safety. With no cords to get tangled or caught on something, there is less risk of injury. Cordless power tools are also typically more lightweight and easier to handle than their corded counterparts.
Another big trend in power tools is energy efficiency. With the rising cost of energy, many consumers are looking for ways to save money. Power tools that are more energy efficient can help you save money on your energy bills.
Finally, one of the most popular trends in power tools is versatility. Many consumers want power tools that can do more than one task. This way, they don't have to buy multiple tools for different jobs. Instead, they can just buy one versatile tool that can handle a variety of tasks.
What are Hot trends in power tools industry?
There is always a continuous change and improvement in the technology used in power tools. Different companies are always trying to outdo each other by coming up with the latest and most innovative tools. Some of the hot trends in the power tools industry include:
Cordless Tools: The days of being tethered to a power outlet are long gone. Nowadays, many power tools are cordless, which gives you the freedom to move around and work in tight spaces.
Lithium-Ion Batteries: Lithium-ion batteries are becoming increasingly popular in power tools because they provide more power and longer run times than traditional batteries.
Brushless Motors: Brushless motors are more efficient than traditional motors and don't require as much maintenance.
Variable Speed Control: This feature allows you to adjust the speed of the tool depending on the task at hand.
LED Lights: LED lights are becoming more common on power tools, as they provide better visibility and last longer than traditional bulbs.
Reviewing who are the major player in power tools?
The power tools market is expected to grow significantly in the next few years. Some of the major players in this market include Bosch, Makita, Milwaukee, and DeWalt. These companies are expected to continue to dominate the market share.
Recent inventions in the power tools industry?
In the power tools industry, recent inventions have made cordless tools more powerful and easier to use. Lithium-ion batteries are now standard in most cordless tools, providing longer run times and shorter charging times. Brushless motors are also becoming more common, as they provide more power and longer life spans than traditional brushed motors. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 31)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 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 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 35)
2.1 RESEARCH DATA
FIGURE 2 POWER TOOLS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY & PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES OF MARKET SIZE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
FIGURE 4 MARKET: 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: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
TABLE 1 LIMITATIONS & ASSOCIATED RESULTS
3 EXECUTIVE SUMMARY (Page No. - 47)
FIGURE 7 COVID-19 IMPACT ANALYSIS ON POWER TOOLS MARKET
3.1 REALISTIC SCENARIO
3.2 PESSIMISTIC SCENARIO
3.3 OPTIMISTIC SCENARIO
TABLE 2 MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2020
TABLE 3 MARKET, IN TERMS OF VALUE AND VOLUME, 2021–2026
FIGURE 8 DRILLING & FASTENING TOOLS TO HOLD LARGEST SIZE OF MARKET FROM 2021 TO 2026
FIGURE 9 ELECTRIC TOOLS TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 10 CONSTRUCTION SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2021 TO 2026
FIGURE 11 MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 53)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR MARKET
FIGURE 12 INCREASING NUMBER OF CONSTRUCTION ACTIVITIES IS LIKELY TO CREATE LUCRATIVE OPPORTUNITIES FOR APAC MARKET
4.2 POWER TOOLS MARKET, BY TOOL TYPE
FIGURE 13 DRILLING & FASTENING TOOLS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 MARKET, BY APPLICATION
FIGURE 14 INDUSTRIAL/PROFESSIONAL APPLICATION TO HOLD LARGER SHARE OF MARKET IN 2021
4.4 MARKET, BY REGION
FIGURE 15 NORTH AMERICA HOLD LARGEST SIZE OF MARKET IN 2021
5 MARKET OVERVIEW (Page No. - 55)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 GLOBAL POWER TOOLS MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing construction industry in emerging economies
FIGURE 17 CONSTRUCTION SPENDING IN US, JUNE 2021–OCTOBER 2021
5.2.1.2 Surging demand for power tools from automotive industry
5.2.1.3 Rising adoption of battery-powered power tools globally
5.2.1.4 Surging demand for electric fastening tools in industrial environments
FIGURE 18 DRIVERS FOR MARKET AND THEIR IMPACT
5.2.2 RESTRAINTS
5.2.2.1 High repair and replacement parts cost of power tools
5.2.2.2 Fluctuations in raw material prices
FIGURE 19 RESTRAINTS FOR MARKET AND THEIR IMPACT
5.2.3 OPPORTUNITIES
5.2.3.1 Rising demand for fastening tools in wind energy industry
FIGURE 20 TOTAL CUMULATIVE INSTALLED WIND POWER CAPACITY, 2015–2020
5.2.3.2 Development of smart and connected power tools
5.2.3.3 Growing demand for power tools for household applications
FIGURE 21 OPPORTUNITIES FOR MARKET AND THEIR IMPACT
5.2.4 CHALLENGES
5.2.4.1 Designing ergonomic and lightweight power tools
5.2.4.2 Stringent regulatory compliance and safety standards
FIGURE 22 CHALLENGES FOR MARKET AND THEIR IMPACT
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 VALUE CHAIN ANALYSIS: GLOBAL POWER TOOLS MARKET
5.3.1 RESEARCH & DEVELOPMENT CENTERS
5.3.2 COMPONENT SUPPLIERS
5.3.3 TOOL MANUFACTURERS
5.3.4 DISTRIBUTORS AND RETAILERS
5.3.5 END USERS
5.4 ECOSYSTEM
FIGURE 24 GLOBAL POWER TOOLS: ECOSYSTEM
TABLE 4 MARKET: ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.6 PORTER’S FIVE FORCE ANALYSIS
TABLE 5 PORTERS 5 FORCES IMPACT ON MARKET
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 CASE STUDY ANALYSIS
5.7.1 NEW RIVER ELECTRICAL CORPORATION USED PORTABLE ELECTRIC BAND SAW FROM CS UNITEC, INC. FOR CUTTING OF LARGE CABLES
5.7.2 LOWE OFFSHORE INTERNATIONAL, LTD USED PNEUMATIC MAGNETIC DRILL FROM CS UNITEC, INC. FOR CONSTRUCTION OF DEVILS TOWER
5.8 TECHNOLOGY TRENDS
5.8.1 CONNECTED ASSEMBLY POWER TOOLS
5.8.2 BRUSHLESS DC MOTORS
5.8.3 WIRELESS CHARGING
5.8.4 EASY START SYSTEM
5.9 PRICING ANALYSIS
TABLE 6 AVERAGE SELLING PRICE OF POWER TOOLS
5.9.1 PRICES OF SOME POWER TOOLS AVAILABLE IN THE MARKET ARE MENTIONED BELOW:
5.10 TRADE ANALYSIS
5.10.1 TRADE ANALYSIS FOR HS CODE 8207
FIGURE 25 IMPORT DATA FOR HS CODE 8207, BY KEY COUNTRY, 2016–2020 (USD MILLION)
FIGURE 26 EXPORT DATA FOR HS CODE 8207, BY KEY COUNTRY, 2016–2020 (USD MILLION)
5.10.2 TRADE ANALYSIS FOR HS CODE 8467
FIGURE 27 IMPORT DATA FOR HS CODE 8467, BY KEY COUNTRY, 2016–2020 (USD MILLION)
FIGURE 28 EXPORT DATA FOR HS CODE 8467, BY KEY COUNTRY, 2016–2020 (USD MILLION)
5.11 PATENT ANALYSIS
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
FIGURE 30 PATENT ANALYSIS RELATED TO POWER TOOLS MARKET
5.11.1 LIST OF MAJOR PATENTS
5.12 MARKET STANDARDS
5.12.1 ANSI/ASA S12.15-1992 (R2020)
5.12.2 ANSI B165.1-2019
5.12.3 ISO 28927-12:2012
5.12.4 ISO/TS 21108:2005
6 POWER TOOLS MARKET, BY DISTRIBUTION CHANNEL (Page No. - 81)
6.1 INTRODUCTION
FIGURE 31 MARKET, BY DISTRIBUTION CHANNEL
FIGURE 32 POWER TOOLS ARE LARGELY SOLD THROUGH OFFLINE DISTRIBUTION CHANNEL
6.2 ONLINE
6.3 OFFLINE
7 POWER TOOLS MARKET, BY TOOL TYPE (Page No. - 83)
7.1 INTRODUCTION
FIGURE 33 MARKET, BY TOOL TYPE
FIGURE 34 DRILLING AND FASTENING TOOLS TO HOLD LARGEST SIZE OF MARKET IN 2021
TABLE 7 MARKET, BY TOOL TYPE, 2017–2020 (USD MILLION)
TABLE 8 MARKET, BY TOOL TYPE, 2021–2026 (USD MILLION)
TABLE 9 MARKET SHIPMENT, 2017–2020 (USD MILLION)
TABLE 10 MARKET SHIPMENT, 2021–2026 (MILLION UNITS)
7.2 DRILLING AND FASTENING TOOLS
7.2.1 DRILLS
7.2.1.1 Electric drills to hold major market share of drilling and fastening tools by 2026
7.2.2 IMPACT DRIVERS
7.2.2.1 Rising adoption of impact drivers by professionals for various applications to drive market growth
7.2.3 IMPACT WRENCHES
7.2.3.1 Rising adoption of impact wrenches in automotive industry to augment market growth
7.2.4 SCREWDRIVERS AND NUTRUNNERS
7.2.4.1 Increasing use of nutrunners in aerospace and automotive assembly operations to underpin market growth
TABLE 11 POWER TOOLS MARKET FOR DRILLING & FASTENING TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 12 MARKET FOR DRILLING & FASTENING TOOLS, BY MODE OF OPERATION, 2021–2026 (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 13 MARKET FOR DEMOLITION TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 14 MARKET FOR DEMOLITION TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
7.4 SAWING AND CUTTING TOOLS
7.4.1 JIGSAWS
7.4.1.1 Jigsaws are mainly used in wood and metal cutting applications
7.4.2 RECIPROCATING SAWS
7.4.2.1 Reciprocating saws can be for wide range of applications
7.4.3 CIRCULAR SAWS
7.4.3.1 Table saws and chop saws are common forms of circular saws
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 suitable for shape-complex cutting applications
TABLE 15 POWER TOOLS MARKET FOR SAWING & CUTTING TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 16 MARKET FOR SAWING & CUTTING TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
7.5 MATERIAL REMOVAL TOOLS
7.5.1 SANDERS/POLISHERS/BUFFERS
7.5.1.1 Sanders, buffers, and polishers are used for removing surface imperfections
7.5.2 AIR SCALERS
7.5.2.1 Air scalers are useful tools for removing old paint, rust, and dirt from metal surfaces
7.5.3 GRINDERS
7.5.3.1 Angle grinders
7.5.3.1.1 Angle grinders are used for abrasive cutting and polishing applications
7.5.3.2 Die and straight grinders
7.5.3.2.1 Die and straight grinders are mostly used in construction sites, automobile repair shops, and metalworking shops
TABLE 17 POWER TOOLS MARKET FOR MATERIAL REMOVAL TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 18 MARKET FOR MATERIAL REMOVAL TOOLS, BY MODE OF OPERATION, 2021–2026 (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 Rising demand for palm routers and laminate trimmers from woodworking professionals to fuel market growth
TABLE 19 MARKET FOR ROUTING TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 20 MARKET FOR ROUTING TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
7.7 OTHERS
TABLE 21 MARKET FOR OTHER TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 22 MARKET FOR OTHER TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
8 POWER TOOLS MARKET, BY MODE OF OPERATION (Page No. - 97)
8.1 INTRODUCTION
FIGURE 35 MARKET, BY MODE OF OPERATION
FIGURE 36 ELECTRIC SEGMENT TO DOMINATE MARKET IN 2021
TABLE 23 MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 24 MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
8.2 ELECTRIC
TABLE 25 ELECTRIC POWER TOOLS MARKET, BY TOOL TYPE, 2017–2020 (USD MILLION)
TABLE 26 ELECTRIC POWER TOOLS, BY TOOL TYPE, 2021–2026 (USD MILLION)
TABLE 27 ELECTRIC POWER TOOLS, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 28 ELECTRIC POWER TOOLS, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 29 ELECTRIC POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION)
TABLE 30 ELECTRIC POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION)
TABLE 31 ELECTRIC POWER TOOLS, BY REGION, 2017–2020 (USD MILLION)
TABLE 32 ELECTRIC POWER TOOLS, BY REGION, 2021–2026 (USD MILLION)
TABLE 33 ELECTRIC POWER TOOLS FOR CONSTRUCTION, BY REGION, 2017–2020 (USD MILLION)
TABLE 34 ELECTRIC POWER TOOLS FOR CONSTRUCTION, BY REGION, 2021–2026 (USD MILLION)
TABLE 35 ELECTRIC POWER TOOLS FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
TABLE 36 ELECTRIC POWER TOOLS FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
TABLE 37 ELECTRIC POWER TOOLS FOR AEROSPACE, BY REGION, 2017–2020 (USD MILLION)
TABLE 38 ELECTRIC POWER TOOLS MARKET FOR AEROSPACE, BY REGION, 2021–2026 (USD MILLION)
TABLE 39 ELECTRIC POWER TOOLS FOR ENERGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 40 ELECTRIC POWER TOOLS FOR ENERGY, BY REGION, 2021–2026 (USD MILLION)
TABLE 41 ELECTRIC POWER TOOLS FOR SHIPBUILDING, BY REGION, 2017–2020 (USD MILLION)
TABLE 42 ELECTRIC POWER TOOLS FOR SHIPBUILDING, BY REGION, 2021–2026 (USD MILLION)
TABLE 43 ELECTRIC POWER TOOLS FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 44 ELECTRIC POWER TOOLS FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)
TABLE 45 ELECTRIC POWER TOOLS FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 46 ELECTRIC POWER TOOLS FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
TABLE 47 ELECTRIC POWER TOOLS, BY TYPE, 2017–2020 (USD MILLION)
TABLE 48 ELECTRIC POWER TOOLS, BY TYPE, 2021–2026 (USD MILLION)
TABLE 49 CORDLESS ELECTRIC POWER TOOLS, BY REGION, 2017–2020 (USD MILLION)
TABLE 50 CORDLESS ELECTRIC POWER TOOLS, BY REGION, 2021–2026 (USD MILLION)
TABLE 51 CORDED ELECTRIC POWER TOOLS, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 CORDED ELECTRIC POWER TOOLS, BY REGION, 2021–2026 (USD MILLION)
8.2.1 CORDED TOOLS
8.2.1.1 Corded electric tools held larger share of power tools market in 2020
8.2.2 CORDLESS TOOLS
8.2.2.1 Increasing adoption of cordless tools for residential/DIY applications is likely to drive market growth
8.3 PNEUMATIC
8.3.1 INCREASING DEMAND FOR PNEUMATIC POWER TOOLS IN HEAVY-DUTY APPLICATIONS TO SUPPORT MARKET GROWTH
TABLE 53 PNEUMATIC POWER TOOLS, BY TOOL TYPE, 2017–2020 (USD MILLION)
TABLE 54 PNEUMATIC POWER TOOLS, BY TOOL TYPE, 2021–2026 (USD MILLION)
TABLE 55 PNEUMATIC POWER TOOLS, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 56 PNEUMATIC POWER TOOLS, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 57 PNEUMATIC POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION)
TABLE 58 PNEUMATIC POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION)
TABLE 59 PNEUMATIC POWER TOOLS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 60 PNEUMATIC POWER TOOLS, BY REGION, 2021–2026 (USD MILLION)
TABLE 61 PNEUMATIC POWER TOOLS FOR CONSTRUCTION, BY REGION, 2017–2020 (USD MILLION)
TABLE 62 PNEUMATIC POWER TOOLS FOR CONSTRUCTION, BY REGION, 2021–2026 (USD MILLION)
TABLE 63 PNEUMATIC POWER TOOLS FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
TABLE 64 PNEUMATIC POWER TOOLS FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
TABLE 65 PNEUMATIC POWER TOOLS FOR AEROSPACE, BY REGION, 2017–2020 (USD MILLION)
TABLE 66 PNEUMATIC POWER TOOLS FOR AEROSPACE, BY REGION, 2021–2026 (USD MILLION)
TABLE 67 PNEUMATIC POWER TOOLS FOR ENERGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 68 PNEUMATIC POWER TOOLS FOR ENERGY, BY REGION, 2021–2026 (USD MILLION)
TABLE 69 PNEUMATIC POWER TOOLS FOR SHIPBUILDING, BY REGION, 2017–2020 (USD MILLION)
TABLE 70 PNEUMATIC POWER TOOLS FOR SHIPBUILDING, BY REGION, 2021–2026 (USD MILLION)
TABLE 71 PNEUMATIC POWER TOOLS FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 72 PNEUMATIC POWER TOOLS FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
8.4 OTHERS
TABLE 73 OTHERS POWER TOOLS MARKET, BY TOOL TYPE, 2017–2020 (USD MILLION)
TABLE 74 OTHERS POWER TOOLS, BY TOOL TYPE, 2021–2026 (USD MILLION)
TABLE 75 OTHERS POWER TOOLS, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 76 OTHERS POWER TOOLS, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 77 OTHERS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION)
TABLE 78 OTHERS POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION)
TABLE 79 OTHER POWER TOOLS, BY REGION, 2017–2020 (USD MILLION)
TABLE 80 OTHER POWER TOOLS, BY REGION, 2021–2026 (USD MILLION)
TABLE 81 OTHERS POWER TOOLS FOR CONSTRUCTION, BY REGION, 2017–2020 (USD MILLION)
TABLE 82 OTHERS POWER TOOLS FOR CONSTRUCTION, BY REGION, 2021–2026 (USD MILLION)
TABLE 83 OTHERS POWER TOOLS FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
TABLE 84 OTHERS POWER TOOLS FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
TABLE 85 OTHERS POWER TOOLS FOR AEROSPACE, BY REGION, 2017–2020 (USD MILLION)
TABLE 86 OTHERS POWER TOOLS FOR AEROSPACE, BY REGION, 2021–2026 (USD MILLION)
TABLE 87 OTHERS POWER TOOLS FOR ENERGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 88 OTHERS POWER TOOLS FOR ENERGY, BY REGION, 2021–2026 (USD MILLION)
TABLE 89 OTHERS POWER TOOLS FOR SHIPBUILDING, BY REGION, 2017–2020 (USD MILLION)
TABLE 90 OTHERS POWER TOOLS FOR SHIPBUILDING, BY REGION, 2021–2026 (USD MILLION)
TABLE 91 OTHERS POWER TOOLS FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 92 OTHERS POWER TOOLS FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
TABLE 93 OTHERS POWER TOOLS FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 94 OTHERS POWER TOOLS FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
9 POWER TOOLS MARKET, BY APPLICATION (Page No. - 126)
9.1 INTRODUCTION
FIGURE 37 MARKET, BY APPLICATION
FIGURE 38 RESIDENTIAL/DIY APPLICATION IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 95 MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 96 MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
9.2 INDUSTRIAL/PROFESSIONAL
FIGURE 39 CONSTRUCTION APPLICATION SEGMENT TO HOLD LARGEST SIZE OF MARKET IN 2026
TABLE 97 MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION)
TABLE 98 MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION)
TABLE 99 MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 100 MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
9.2.1 CONSTRUCTION
9.2.1.1 Construction applications held largest share of power tools market in 2020
TABLE 101 MARKET FOR CONSTRUCTION, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 102 MARKET FOR CONSTRUCTION, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 103 MARKET FOR CONSTRUCTION, BY REGION, 2017–2020 (USD MILLION)
TABLE 104 MARKET FOR CONSTRUCTION, BY REGION, 2021–2026 (USD MILLION)
9.2.2 AUTOMOTIVE
9.2.2.1 Increasing adoption of fastening tools in automotive industry to favor market growth
TABLE 105 POWER TOOLS MARKET FOR AUTOMOTIVE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 106 MARKET FOR AUTOMOTIVE, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 107 MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
TABLE 108 MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
9.2.3 AEROSPACE
9.2.3.1 Rising adoption of material removal tools in aerospace industry to favor market growth
TABLE 109 POWER TOOLS FOR AEROSPACE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 110 MARKET FOR AEROSPACE, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 111 MARKET FOR AEROSPACE, BY REGION, 2017–2020 (USD MILLION)
TABLE 112 MARKET FOR AEROSPACE, BY REGION, 2021–2026 (USD MILLION)
9.2.4 ENERGY
9.2.4.1 Rise in number of wind energy projects to offer significant growth opportunities for market in coming years
TABLE 113 POWER TOOLS MARKET FOR ENERGY, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 114 MARKET FOR ENERGY, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 115 MARKET FOR ENERGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 116 MARKET FOR ENERGY, BY REGION, 2021–2026 (USD MILLION)
9.2.5 SHIPBUILDING
9.2.5.1 APAC held largest size of power tools for shipbuilding in 2020
TABLE 117 MARKET FOR SHIPBUILDING, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 118 MARKET FOR SHIPBUILDING, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 119 MARKET FOR SHIPBUILDING, BY REGION, 2017–2020 (USD MILLION)
TABLE 120 MARKET FOR SHIPBUILDING, BY REGION, 2021–2026 (USD MILLION)
9.2.6 OTHERS
TABLE 121 POWER TOOLS MARKET FOR OTHERS, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 122 MARKET FOR OTHERS, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 123 MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
TABLE 124 MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)
9.3 RESIDENTIAL/DIY
9.3.1 RISING ADOPTION OF CORDLESS POWER TOOLS FROM HOMEOWNERS IS DRIVING MARKET GROWTH
TABLE 125 MARKET FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 126 MARKET FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
10 POWER TOOLS MARKET, BY GEOGRAPHY (Page No. - 143)
10.1 INTRODUCTION
FIGURE 40 MARKET, BY REGION
FIGURE 41 GEOGRAPHIC SNAPSHOT: POWER TOOLS
TABLE 127 MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 128 MARKET, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET
FIGURE 42 SNAPSHOT: NORTH AMERICAN POWER TOOLS MARKET
FIGURE 43 US TO HOLD LARGEST SHARE OF NORTH AMERICAN MARKET IN 2021
TABLE 129 MARKET IN NORTH AMERICA, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 130 MARKET IN NORTH AMERICA, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 131 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 132 MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 133 MARKET IN NORTH AMERICA, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION)
TABLE 134 MARKET IN NORTH AMERICA, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION)
TABLE 135 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 136 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
10.2.2 US
10.2.2.1 US held largest share of market in 2020
10.2.3 CANADA
10.2.3.1 Growing adoption of cordless power tools
10.2.4 MEXICO
10.2.4.1 Rapid adoption of power tools in construction industry
10.3 EUROPE
10.3.1 IMPACT OF COVID-19 ON EUROPEAN MARKET
FIGURE 44 SNAPSHOT: EUROPEAN POWER TOOLS MARKET
FIGURE 45 GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 137 MARKET IN EUROPE, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 138 MARKET IN EUROPE, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 139 MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 140 MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 141 MARKET IN EUROPE, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION)
TABLE 142 MARKET IN EUROPE, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION)
TABLE 143 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 144 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
10.3.2 GERMANY
10.3.2.1 Germany to hold largest share of European power tool market
10.3.3 FRANCE
10.3.3.1 Presence of leading aircraft manufacturing companies
10.3.4 UK
10.3.4.1 Growing adoption of cordless power tools by residential and non-residential users
10.3.5 ITALY
10.3.5.1 Increasing demand for power tools in automotive industry
10.3.6 REST OF EUROPE
10.4 APAC
10.4.1 IMPACT OF COVID-19 ON APAC MARKET
FIGURE 46 SNAPSHOT: APAC POWER TOOLS MARKET
FIGURE 47 CHINA TO DOMINATE APAC MARKET IN 2021
TABLE 145 MARKET IN APAC, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 146 MARKET IN APAC, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 147 MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 148 MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 149 MARKET IN APAC, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION)
TABLE 150 MARKET IN APAC, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION)
TABLE 151 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 152 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
10.4.2 CHINA
10.4.2.1 China to hold largest share of APAC market
10.4.3 JAPAN
10.4.3.1 Growing adoption of battery-powered power tools
10.4.4 INDIA
10.4.4.1 Indian power tools market to grow at highest CAGR
10.4.5 SOUTH KOREA
10.4.5.1 Growing adoption of power tools in shipbuilding industry
10.4.6 REST OF APAC
10.5 ROW
10.5.1 IMPACT OF COVID-19 ON ROW
FIGURE 48 SOUTH AMERICA TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 153 MARKET IN ROW, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 154 MARKET IN ROW, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 155 MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 156 MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 157 MARKET IN ROW, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION)
TABLE 158 MARKET IN ROW, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION)
TABLE 159 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 160 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 161 MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 162 MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2021–2026 (USD MILLION)
10.5.2 SOUTH AMERICA
10.5.2.1 Brazil and Argentina are major markets in South America
10.5.3 MIDDLE EAST AND AFRICA
10.5.3.1 UAE, Saudi Arabia, and South Africa to be key markets in South America
11 COMPETITIVE LANDSCAPE (Page No. - 171)
11.1 INTRODUCTION
TABLE 163 KEY DEVELOPMENTS IN POWER TOOLS MARKET (2020–2021)
11.2 REVENUE ANALYSIS OF TOP FIVE COMPANIES
FIGURE 49 MARKET: REVENUE ANALYSIS (2020)
11.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2020
TABLE 164 MARKET: DEGREE OF COMPETITION
11.4 COMPANY EVALUATION QUADRANT, 2020
11.4.1 STAR
11.4.2 EMERGING LEADER
11.4.3 PERVASIVE
11.4.4 PARTICIPANT
FIGURE 50 MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2020
11.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020
11.5.1 PROGRESSIVE COMPANY
11.5.2 RESPONSIVE COMPANY
11.5.3 DYNAMIC COMPANY
11.5.4 STARTING BLOCK
FIGURE 51 POWER TOOLS MARKET (GLOBAL): SME EVALUATION QUADRANT, 2020
11.5.5 MARKET: COMPANY FOOTPRINT
TABLE 165 COMPANY TOOL TYPE FOOTPRINT
TABLE 166 COMPANY APPLICATION FOOTPRINT
TABLE 167 COMPANY REGION FOOTPRINT
TABLE 168 COMPANY FOOTPRINT
11.6 COMPETITIVE SCENARIO AND TRENDS
11.6.1 PRODUCT LAUNCHES
TABLE 169 MARKET: PRODUCT LAUNCHES, JANUARY 2020–OCTOBER 2021
11.6.2 DEALS
TABLE 170 MARKET: DEALS, FEBRUARY 2020 – OCTOBER 2021
12 COMPANY PROFILES (Page No. - 187)
(Business overview, Products offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS
12.1.1 ANDREAS STIHL AG & CO. KG
TABLE 171 ANDREAS STIHL AG & CO. KG: BUSINESS OVERVIEW
FIGURE 52 ANDREAS STIHL AG & CO. KG: COMPANY SNAPSHOT
TABLE 172 ANDREAS STIHL AG & CO. KG: PRODUCT OFFERING
12.1.2 APEX TOOL GROUP, LLC
TABLE 173 APEX TOOL GROUP, LLC: BUSINESS OVERVIEW
TABLE 174 APEX TOOL GROUP, LLC: PRODUCT OFFERING
12.1.3 ATLAS COPCO AB
TABLE 175 ATLAS COPCO AB: BUSINESS OVERVIEW
FIGURE 53 ATLAS COPCO AB: COMPANY SNAPSHOT
TABLE 176 ATLAS COPCO AB: PRODUCT OFFERING
TABLE 177 ATLAS COPCO AB: PRODUCT LAUNCHES AND DEVELOPMENTS
12.1.4 ROBERT BOSCH GMBH
TABLE 178 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 54 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 179 ROBERT BOSCH GMBH: PRODUCT OFFERING
TABLE 180 ROBERT BOSCH GMBH: PRODUCT LAUNCHES AND DEVELOPMENTS
12.1.5 HILTI CORPORATION
TABLE 181 HILTI CORPORATION: BUSINESS OVERVIEW
FIGURE 55 HILTI CORPORATION: COMPANY SNAPSHOT
TABLE 182 HILTI CORPORATION: PRODUCT OFFERING
TABLE 183 HILTI CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
12.1.6 STANLEY BLACK & DECKER, INC.
TABLE 184 STANLEY BLACK & DECKER, INC.: BUSINESS OVERVIEW
FIGURE 56 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT
TABLE 185 STANLEY BLACK & DECKER, INC.: PRODUCT OFFERING
TABLE 186 STANLEY BLACK & DECKER, INC.: DEALS
TABLE 187 STANLEY BLACK & DECKER, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS
12.1.7 TECHTRONIC INDUSTRIES CO. LTD.
TABLE 188 TECHTRONIC INDUSTRIES CO. LTD.: BUSINESS OVERVIEW
FIGURE 57 TECHTRONIC INDUSTRIES CO. LTD.: COMPANY SNAPSHOT
TABLE 189 TECHTRONIC INDUSTRIES CO. LTD.: PRODUCT OFFERING
12.1.8 MAKITA CORPORATION
TABLE 190 MAKITA CORPORATION: BUSINESS OVERVIEW
FIGURE 58 MAKITA CORPORATION: COMPANY SNAPSHOT
TABLE 191 MAKITA CORPORATION: PRODUCT OFFERING
TABLE 192 MAKITA CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
12.1.9 INGERSOLL RAND
TABLE 193 INGERSOLL RAND: BUSINESS OVERVIEW
FIGURE 59 INGERSOLL RAND: COMPANY SNAPSHOT
TABLE 194 INGERSOLL RAND: PRODUCT OFFERING
TABLE 195 INGERSOLL RAND: DEALS
12.1.10 SNAP-ON INCORPORATED
TABLE 196 SNAP-ON INCORPORATED: BUSINESS OVERVIEW
FIGURE 60 SNAP-ON INCORPORATED: COMPANY SNAPSHOT
TABLE 197 SNAP-ON INCORPORATED.: PRODUCT OFFERING
TABLE 198 SNAP-ON INCORPORATED: PRODUCT LAUNCHES AND DEVELOPMENTS
12.1.11 KOKI HOLDING CO., LTD.
TABLE 199 KOKI HOLDING CO., LTD.: BUSINESS OVERVIEW
TABLE 200 KOKI HOLDING CO., LTD.: PRODUCT OFFERING
12.1.12 YAMABIKO CORPORATION
TABLE 201 YAMABIKO CORPORATION: BUSINESS OVERVIEW
FIGURE 61 YAMABIKO CORPORATION: COMPANY SNAPSHOT
TABLE 202 YAMABIKO CORPORATION: PRODUCT OFFERING
12.1.13 PANASONIC ELECTRIC WORKS EUROPE AG
TABLE 203 PANASONIC ELECTRIC WORKS EUROPE AG: BUSINESS OVERVIEW
TABLE 204 PANASONIC ELECTRIC WORKS EUROPE AG: PRODUCT OFFERING
12.1.14 KEN HOLDING CO., LTD.
TABLE 205 KEN HOLDING CO., LTD.: BUSINESS OVERVIEW
TABLE 206 KEN HOLDING CO., LTD: PRODUCT OFFERING
12.1.15 DYNABRADE
TABLE 207 DYNABRADE POWER TOOLS: BUSINESS OVERVIEW
TABLE 208 DYNABRADE POWER TOOLS: PRODUCT OFFERING
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS
12.2.1 AIMCO
12.2.2 C. & E. FEIN GMBH
12.2.3 CHERVON (CHINA) TRADING CO. LTD.
12.2.4 CS UNITEC
12.2.5 FERM INTERNATIONAL B.V.
12.2.6 INTERSKOL
12.2.7 POSITEC TOOL CORPORATION
12.2.8 RIDIGID, INC.
12.2.9 FESTOOL GROUP GMBH & CO. KG
12.2.10 URYU SEISAKU, LTD.
13 ADJACENT & RELATED MARKETS (Page No. - 230)
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 PRESSURE WASHER MARKET, BY WATER OPERATION
13.3.1 INTRODUCTION
FIGURE 62 PRESSURE WASHER MARKET, BY WATER OPERATION
TABLE 209 PRESSURE WASHER MARKET, BY WATER OPERATION, 2017–2020 (USD MILLION)
TABLE 210 PRESSURE WASHER MARKET, BY WATER OPERATION, 2021–2026 (USD MILLION)
13.3.2 HOT WATER
13.3.2.1 Hot water segment holds larger share of pressure washer market and is estimated to continue to do so during forecast period
TABLE 211 HOT WATER PRESSURE WASHER MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 212 HOT WATER PRESSURE WASHER MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
13.3.3 COLD WATER
13.3.3.1 Rising adoption of cold water pressure washers in residential applications
TABLE 213 COLD WATER PRESSURE WASHER MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 214 COLD WATER PRESSURE WASHER MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
14 APPENDIX (Page No. - 234)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the power tools market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the power tools market.
Secondary Research
Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
The impact and implication of COVID-19 on power tools, have also been discussed in this section. Various secondary sources include corporate filings such as annual reports, investor presentations, and financial statements, trade, business and professional associations, white papers, manufacturing associations, and more.
Primary Research
Primary sources mainly consist of several experts from the core and related industries, along with preferred power tools component suppliers, manufacturers, distributors, standards, and certification organizations related to various segments of this industry’s value chain.
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply-side included various industry experts (with a key focus on the impact of COVID-19), such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from power tools providers, such as Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany), Techtronic Industries Co. Ltd. (Hong Kong), Makita Corporation (Japan), and Hilti Corporation (Liechtenstein); research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Following is the breakdown of primary respondents
The breakdown of primary respondents is provided below.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the power tools market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industry’s value 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.
Global Power Tools market Size: Bottom-Up Approach
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Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. 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.
Report Objectives
- To describe and forecast the power tools market, in terms of tool type, mode of operation, application, and distribution channel.
- To describe and forecast the market, in terms of value, with regard to four main regions: Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW) along with their respective countries
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To provide a detailed overview of the value chain of power tools.
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the power tools market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the power tools
- To strategically 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 strategies, such as product launches, expansions, mergers and acquisitions, adopted by key market players in the power tools market
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
- 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
Would the Power Tools Market be considered an oversaturated market? any information regarding this would be useful.
Hi, I am currently doing a project about analysis the power tools market. pacifically about the competitors market share, the effect of the covid-19, and the forecast about the industry. if I could received any information or data the will be really useful and helpful. Many thanks!!!