Power Tools Market

Power Tools Market by Product (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools), Mode of Operation (Electric, Pneumatic), Application and Region Global Forecast to 2027

Report Code: SE 5705 Dec, 2022, by marketsandmarkets.com

Updated on : January 31, 2023 

[232 Pages Report] The global power tools market size is projected to reach USD 65.5 billion by 2027, growing at a CAGR of 8.9% during forecast. Power tools are highly adopted by industries such as construction, aerospace, automotive, shipbuilding, and energy. Homeowners also utilize them for various residential applications.

Power tools manufacturers design, manufacture, and sell a wide variety of power tools in the market that are made of the highest quality materials. Growing construction activities in emerging economies, high demand for power tools in the automotive industry, and the rising adoption of battery power tools globally are driving the power tools market.

Power Tools Market

Power Tools Market Forecast to 2028

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Power Tools Market Dynamics

DRIVER: Growing construction industry in emerging economies

Rising construction activities across the world result in the growth of the construction industry. Factors such as the rising population in both developed and developing countries, rapid urbanization, and the increasing number of residential and commercial construction projects are fueling the need for advanced infrastructural development.

Infrastructural development projects include projects dealing with the development of roads, railways, airports, energy, utilities, and commercial and residential buildings. A wide range of power tools such as cordless drills, demolition jackhammers, circular saws, jigsaws, and reciprocation saws are widely used at construction sites, as it requires specialized and powerful tools for drilling, demolition of stones or concrete bricks, cutting wooden pieces, fastening screws, which can be used for both industrial and residential construction projects.

RESTRAINT: Fluctuations in raw material prices

The manufacturing of power tools requires resin and ferrous and non-ferrous metals such as steel, zinc, copper, brass, aluminum, and nickel. These tools also require other components such as batteries, motors, brushes, belts, power cords, and other electronic components.

The rising variation in the cost of materials, component parts, or finished goods could result in manufacturing interruptions, delays, inefficiencies, or an inability to market products. The highly varying raw material costs also lead to ineffective price management and fluctuations in profit margins. These instabilities in raw material prices also result in the increased price of power tools and affect the sales of power tools, thereby restraining the growth of the power tools market.

OPPORTUNITY: Growing demand for power tools for household applications

Consumers prefer manual working or hand tools in residential applications such as repairing furniture, fittings, or cutting in plumbing and electrification and residential construction projects. The residential applications carried out by the households themselves are known as Do-it-yourself (DIY) applications. However, using hand tools requires much energy and is time-consuming.

Power tools are gaining traction among residential users to repair furniture and remodel and refurbish existing homes. These tools are efficient, quick, and easy to cut, drill, and fasten. These tools help easily complete time-consuming residential construction and repair tasks without causing any disruptions. Electric cordless power tools are highly adopted by residential users owing to the rising demand for flexible, portable, and compact tools. These household power tools include hammer, cordless drills, jigsaws, sanders, cutters, electric screwdrivers, etc.

CHALLENGE: Designing ergonomic and lightweight power tools

Currently, power tool manufacturing companies are facing the challenge of designing tools to fit operators’ needs. Misuse of electrically powered portable tools can cause many fatal and painful injuries. Presently, customers are looking for tools that offer desired performance, along with a conformable ergonomic design. Ergonomically designed tools reduce fatigue and physical stress and increase user performance.

Such tools also prevent and reduce the health problems associated with or caused by using specific power tools. Ergonomically designed power tools provide better comfort and control to the operator, allowing the work to be completed with ease and less fatigue. Besides, features such as vibration reduction and non-slip grips, balancing tools for heavier machines, lightweight housings, and extra handles help enhance user comfort and efficiency while using the power tools. With the development of cordless tools, the addition of battery elements in power tools has increased the tool's weight. Therefore, the ergonomic and lightweight design of the tool is an important concern for tool manufacturers. To overcome these design-related challenges, manufacturers need to focus more on the ergonomic design and comfort of a user than on the capacity and battery run time of a power tool.

Power Tools Market Size Segment Overview

Material Removal Power Tools is projected to witness the higher growth during forecast period

Material removal tools to grow at higher CAGR during the forecast period. These tools are end-effectors used for removing unwanted materials from the workpieces in order to produce the desired shape.

Various material removal tools used in industrial and residential applications include sanders/polishers/buffers, air scalers, and grinders. These tools are ergonomically designed for the comfort and safety of the users. Either electric or pneumatic power sources power these tools. Cordless electric material removal tools are highly adopted for various industrial applications which are responsible for segmental growth.

Electric power tools held largest share of power tools market in 2021

The most widely used electric power tools are power saws, electric planes, electric milling cutters, electric mortising machines, electric wrenches, power grinders, electric drills, and portable parquet finishers. Corded electric tools are plug-and-play tools, whereas cordless tools are easy to operate, efficient, and handy. Due to their ergonomic advantages, end users prefer cordless tools over conventional tools. The rising demand for lightweight, portable, flexible, and compact tools, as well as the increasing DIY trend among homeowners, is boosting the adoption of electric power tools for residential/DIY applications.

Residential/DIY to be the fastest-growing segment in power tools market during forecast period

Power tools are designed for specific purposes such as drilling, fastening, material removing, cutting, and grinding, and are used for residential/DIY applications. The demand for power tools for residential applications is propelled by the availability of cordless tools, as well as the increasing popularity of the do-it-yourself (DIY) trend. Do-it-yourself (DIY) users prefer smaller and lighter power tools while making ordinary trades. Thus, there is a growing tendency to prefer small, ergonomic tools that are more powerful than traditional ones. This has led to a significant increase in demand for smaller and lighter power tools.

Asia Pacific to grow at highest CAGR during forecast period

The market in Asia Pacific is likely to grow at the highest rate during the forecast period, attributed to the increasing demand for power tools in major countries such as China and Japan. Asia Pacific is estimated to register the highest CAGR during the forecast period. One of the major factors driving the growth of the power tools market in the region is the rising road construction and infrastructure activities, especially in emerging economies such as China, India, Indonesia, the Philippines, and Vietnam. The construction industry in Asia Pacific can be seen developing at a high pace. The low-priced power tools have created intense competition among manufacturers. Techtronic Industries Co Ltd. (Hong Kong), Uryu Seisaku (Japan), and Makita Corporation (Japan) are the leading power tool manufacturers in the Asia Pacific.

Power Tools Market Size, and Share

Power Tools Market by Region

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Key Market Players in Power Tools Industry

The 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), and
  • Makita Corporation (Japan).

Power Tools Market Size Report Scope:

Report Metric

Details

Estimated Market Size

USD 42.8 billion 

Projected Market Size

USD 65.5 billion

Growth Rate

8.9%

Market Size Available for Years

2018–2027

Base Year

2021

Forecast Period

2022–2027

Units

Value (USD Million/Billion)

Segments Covered

Tool Type, Mode of Operation, and Application

Geographic Regions Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

Major Players: Andreas Stihl AG & CO. KG, Apex Tool Group, Atlas Copco, Robert Bosch GmbH, Hilti Corporation, Ingersoll-Rand, Makita Corporation, Snap-on Incorporated, Stanley Black & Decker, Techtronic Industries Co., Ltd., YAMABIKO Corporation, Panasonic Electric Works Europe AG, KEN Holding Co., Ltd., and Dynabrade Power Tools

Power Tools Market Highlights

This research report segments the power tools market based on tool type, mode of operation, application, and region.

Aspect

Details

By Tool Type:

  • Drilling and Fastening Tools
    • Drills
    • Impact Drivers
    • Impact Wrenches
    • Screwdrivers and Nutrunners
  • Demolition Tools
    • Demolition Hammers
  • Sawing and Cutting Tools
    • Jigsaw
    • 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

By Mode of Operations

  • Electric
    • Corded Tools
    • Cordless Tools
  • Pneumatic
  • Others

By Application

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

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Developments in power tools industry

  • In October 2021, DEWALT, a Stanley Black & Decker brand, announced the launch of the DEWALT POWERSTACK 20V MAX* Compact Battery, a next-generation cordless power tool.
  • In September 2021, Robert Bosch Power Tools GmbH announced the expansion of its comprehensive product line of woodworking and wood-cutting solutions with its 12 V and 18 V cordless sanders, the GEX12V-5 Brushless 5 In. The newly launched cordless sanders are designed for optimal balance and convenience.
  • In June 2021, Snap-on Incorporated announced the launch of the CT9010 18V 3/8" Drive Brushless Cordless Impact Wrench Kit. The kit is designed for heavy applications which demand consistently high performance.

Frequently Asked Questions (FAQs):

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USD 42.8 billion

 

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 STUDY SCOPE 
           1.4.1 MARKETS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA 
           FIGURE 1 POWER TOOLS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND 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 2 MARKET SIZE ESTIMATION (SUPPLY SIDE): REVENUE FROM COMPONENTS AND SOLUTIONS OF MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Arrive at market size using bottom-up approach
                               FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Arrive at market size using top-down approach
           FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           FIGURE 6 ASSUMPTIONS
    2.5 LIMITATIONS AND RISK ASSESSMENT 
           TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 7 DRILLING & FASTENING TOOLS TO HOLD LARGEST MARKET SIZE FROM 2022 TO 2027
    FIGURE 8 ELECTRIC TOOLS TO DOMINATE POWER TOOLS MARKET DURING FORECAST PERIOD
    FIGURE 9 CONSTRUCTION SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2022 TO 2027
    FIGURE 10 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN POWER TOOLS MARKET 
           FIGURE 11 CONSTRUCTION ACTIVITIES TO CREATE LUCRATIVE OPPORTUNITIES FOR ASIA PACIFIC MARKET
    4.2 POWER TOOLS MARKET, BY TOOL TYPE 
           FIGURE 12 DRILLING & FASTENING TOOLS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY MODE OF OPERATION 
           FIGURE 13 ELECTRIC POWER TOOLS SEGMENT TO DOMINATE DURING FORECAST PERIOD
    4.4 MARKET, BY APPLICATION 
           FIGURE 14 INDUSTRIAL/PROFESSIONAL APPLICATION TO BOOST MARKET FROM 2022 TO 2027
    4.5 MARKET, BY REGION 
           FIGURE 15 NORTH AMERICA TO HOLD LARGEST MARKET SHARE BY 2027
    4.6 MARKET, BY INDUSTRIAL/ PROFESSIONAL APPLICATION 
           FIGURE 16 CONSTRUCTION INDUSTRY TO DOMINATE MARKET DURING FORECAST PERIOD
    4.7 MARKET, BY COUNTRY 
           FIGURE 17 US TO HOLD LARGEST SHARE OF MARKET FROM 2022 TO 2027
 
5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 18 GLOBAL POWER TOOLS MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing construction industry in emerging economies
                               FIGURE 19 CONSTRUCTION SPENDING IN US, MARCH 2022–JULY 2022
                    5.2.1.2 Surging demand for power tools in automotive industry
                    5.2.1.3 Increased adoption of battery-powered tools globally
                    5.2.1.4 Rising demand for electric fastening tools in various industries
                               FIGURE 20 IMPACT OF DRIVERS ON MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of repair and replacement parts
                    5.2.2.2 Fluctuations in raw material prices
                               FIGURE 21 IMPACT OF RESTRAINTS ON MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising demand for fastening tools in wind energy industry
                               FIGURE 22 TOTAL CUMULATIVE INSTALLED WIND POWER CAPACITY, 2015–2021
                    5.2.3.2 Development of smart and connected power tools
                    5.2.3.3 Growing demand for household application power tools
                               FIGURE 23 IMPACT OF OPPORTUNITIES ON POWER TOOLS MARKET
           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 24 IMPACT OF CHALLENGES ON MARKET
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 25 VALUE CHAIN ANALYSIS: GLOBAL MARKET
           5.3.1 COMPONENT SUPPLIERS
           5.3.2 TOOL MANUFACTURERS
           5.3.3 DISTRIBUTORS AND RETAILERS
           5.3.4 END USERS
           5.3.5 AFTER-SALES SERVICE PROVIDERS
    5.4 ECOSYSTEM 
           FIGURE 26 GLOBAL POWER TOOLS MARKET: ECOSYSTEM
           TABLE 2 MARKET ECOSYSTEM
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
    5.6 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 3 PORTER’S FIVE 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 USE CASE 01: REMOVAL OF LEAD AND ASBESTOS COATINGS WITH LONG-REACH SCRAPERS AND LOW-VIBRATION NEEDLE SCALERS
           5.7.2 USE CASE 02: MAB 485 PORTABLE MAGNETIC DRILL CUTS THROUGH BOEING 747
    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 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING CRITERIA
                    FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
           5.9.2 BUYING CRITERIA
                     FIGURE 29 KEY BUYING CRITERIA FOR TOP THREE END USERS
           TABLE 5 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
    5.10 PRICING ANALYSIS 
           5.10.1 AVERAGE SELLING PRICE OF MARKET PLAYERS, BY TOOL TYPE
                     FIGURE 30 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOOL TYPE
           TABLE 6 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOOL TYPE (USD)
    5.11 TRADE ANALYSIS 
           5.11.1 TRADE ANALYSIS FOR HS CODE 8207
                     FIGURE 31 IMPORT DATA FOR HS CODE 8207, BY KEY COUNTRY, 2017–2021 (USD MILLION)
                     FIGURE 32 EXPORT DATA FOR HS CODE 8207, BY KEY COUNTRY, 2017–2021 (USD MILLION)
           5.11.2 TRADE ANALYSIS FOR HS CODE 8467
                     FIGURE 33 IMPORT DATA FOR HS CODE 8467, BY KEY COUNTRY, 2017–2021 (USD MILLION)
                     FIGURE 34 EXPORT DATA FOR HS CODE 8467, BY KEY COUNTRY, 2017–2021 (USD MILLION)
    5.12 PATENT ANALYSIS 
           FIGURE 35 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS FROM 2012 TO 2021
           FIGURE 36 PATENT ANALYSIS RELATED TO POWER TOOLS MARKET
           TABLE 7 LIST OF MAJOR PATENTS RELATED TO MARKET
           5.12.1 LIST OF MAJOR PATENTS
    5.13 KEY CONFERENCES AND EVENTS IN 2022–2023 
           TABLE 8 MARKET: KEY CONFERENCES AND EVENTS, 2022–2023
    5.14 REGULATION AND STANDARDS 
           TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 12 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.1 MARKET STANDARDS
                    5.14.1.1 ANSI/ASA S12.15-1992 (R2020)
                    5.14.1.2 ANSI B165.1-2019
                    5.14.1.3 ISO 28927-12-2012
                    5.14.1.4 ISO/TS 21108-2005
 
6 POWER TOOLS MARKET, BY MATERIAL (Page No. - 84)
    6.1 INTRODUCTION 
           FIGURE 37 POWER TOOLS: MATERIALS
    6.2 BRICK/BLOCK 
    6.3 CONCRETE 
    6.4 GLASS 
    6.5 WOOD/METAL 
    6.6 OTHERS 
 
7 MARKET, BY DISTRIBUTION CHANNEL (Page No. - 86)
    7.1 INTRODUCTION 
           FIGURE 38 MARKET, BY DISTRIBUTION CHANNEL
    7.2 ONLINE 
    7.3 OFFLINE 
 
8 MARKET, BY TOOL TYPE (Page No. - 88)
    8.1 INTRODUCTION 
           FIGURE 39 MARKET, BY TOOL TYPE
           FIGURE 40 DRILLING & FASTENING TOOLS TO DOMINATE MARKET DURING 2022–2027
           TABLE 13 MARKET, BY TOOL TYPE, 2018–2021 (USD MILLION)
           TABLE 14 MARKET, BY TOOL TYPE, 2022–2027 (USD MILLION)
           TABLE 15 MARKET SHIPMENT, BY TOOL TYPE, 2018–2021 (MILLION UNITS)
           TABLE 16 MARKET SHIPMENT, BY TOOL TYPE, 2022–2027 (MILLION UNITS)
    8.2 DRILLING & FASTENING TOOLS 
           8.2.1 DRILLS
                    8.2.1.1 Electric drills to hold major market share of drilling & fastening tools by 2027
           8.2.2 IMPACT DRIVERS
                    8.2.2.1 Rising adoption of impact drivers to boost market growth
           8.2.3 IMPACT WRENCHES
                    8.2.3.1 Increasing use of impact wrenches in automotive industry to augment market growth
           8.2.4 SCREWDRIVERS AND NUTRUNNERS
                    8.2.4.1 Increasing use of nutrunners in aerospace and automotive assembly operations to drive market growth
                               TABLE 17 DRILLING & FASTENING TOOLS: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                               TABLE 18 DRILLING & FASTENING TOOLS: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
    8.3 DEMOLITION TOOLS 
           8.3.1 ROTARY HAMMERS/HAMMER DRILLS/DEMOLITION HAMMERS
                    8.3.1.1 Construction industry to drive demand for demolition tools
                               TABLE 19 DEMOLITION TOOLS: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                               TABLE 20 DEMOLITION TOOLS: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
    8.4 SAWING & CUTTING TOOLS 
           8.4.1 JIGSAWS
                    8.4.1.1 Used for wood and metal cuts
           8.4.2 RECIPROCATING SAWS
                    8.4.2.1 Useful for wide range of applications
           8.4.3 CIRCULAR SAWS
                    8.4.3.1 Increased adoption by DIY users
           8.4.4 BAND SAWS
                    8.4.4.1 Preferred for stationary cutting applications
           8.4.5 SHEARS & NIBBLERS
                    8.4.5.1 Suitable for shape-complex cutting applications
                               TABLE 21 SAWING & CUTTING TOOLS: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                               TABLE 22 SAWING & CUTTING TOOLS: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
    8.5 MATERIAL REMOVAL TOOLS 
           8.5.1 SANDERS/POLISHERS/BUFFERS
                    8.5.1.1 Used to remove surface imperfections
           8.5.2 AIR SCALERS
                    8.5.2.1 Useful for removing old paint, rust, and dirt from metal surfaces
           8.5.3 GRINDERS
                    8.5.3.1 Angle grinders
                               8.5.3.1.1 Used in cutting and polishing applications
                    8.5.3.2 Die and straight grinders
                               8.5.3.2.1 Used at construction sites, automobile repair shops, and metalworking shops
                                            TABLE 23 MATERIAL REMOVAL TOOLS: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                                            TABLE 24 MATERIAL REMOVAL TOOLS: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
    8.6 ROUTING TOOLS 
           8.6.1 ROUTERS/PLANERS/JOINERS
                    8.6.1.1 Palm routers and laminate trimmers
                               8.6.1.1.1 Rising demand for palm routers and laminate trimmers to fuel market growth
                                            TABLE 25 ROUTING TOOLS: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                                            TABLE 26 ROUTING TOOLS: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
    8.7 OTHERS 
           TABLE 27 OTHER TOOLS: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
           TABLE 28 OTHER TOOLS: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
 
9 POWER TOOLS MARKET, BY MODE OF OPERATION (Page No. - 102)
    9.1 INTRODUCTION 
           FIGURE 41 MARKET, BY MODE OF OPERATION
           FIGURE 42 ELECTRIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 29 MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
           TABLE 30 MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
    9.2 ELECTRIC 
           TABLE 31 ELECTRIC: POWER TOOLS MARKET, BY TOOL TYPE, 2018–2021 (USD MILLION)
           TABLE 32 ELECTRIC: POWER TOOLS, BY TOOL TYPE, 2022–2027 (USD MILLION)
           TABLE 33 ELECTRIC: POWER TOOLS, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 34 ELECTRIC: POWER TOOLS, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 35 ELECTRIC: POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2018–2021 (USD MILLION)
           TABLE 36 ELECTRIC: POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2022–2027 (USD MILLION)
           TABLE 37 ELECTRIC: POWER TOOLS, BY REGION, 2018–2021 (USD MILLION)
           TABLE 38 ELECTRIC: POWER TOOLS, BY REGION, 2022–2027 (USD MILLION)
           TABLE 39 ELECTRIC: POWER TOOLS, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 40 ELECTRIC: POWER TOOLS, BY TYPE, 2022–2027 (USD MILLION)
           9.2.1 CORDED TOOLS
                    9.2.1.1 Corded equipment to offer more torque than their cordless counterparts
           9.2.2 CORDLESS TOOLS
                    9.2.2.1 Increasing adoption of cordless tools for residential/DIY applications likely to drive market
    9.3 PNEUMATIC 
           9.3.1 INCREASING DEMAND FOR PNEUMATIC POWER TOOLS IN HEAVY-DUTY APPLICATIONS TO FUEL MARKET GROWTH
                    TABLE 41 PNEUMATIC: POWER TOOLS MARKET, BY TOOL TYPE, 2018–2021 (USD MILLION)
                    TABLE 42 PNEUMATIC: POWER TOOLS, BY TOOL TYPE, 2022–2027 (USD MILLION)
                    TABLE 43 PNEUMATIC: POWER TOOLS, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 44 PNEUMATIC: POWER TOOLS, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 45 PNEUMATIC: POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 46 PNEUMATIC: POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 47 PNEUMATIC: POWER TOOLS, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 48 PNEUMATIC: POWER TOOLS, BY REGION, 2022–2027 (USD MILLION)
    9.4 OTHERS 
           TABLE 49 OTHERS: POWER TOOLS MARKET, BY TOOL TYPE, 2018–2021 (USD MILLION)
           TABLE 50 OTHERS: POWER TOOLS, BY TOOL TYPE, 2022–2027 (USD MILLION)
           TABLE 51 OTHERS: POWER TOOLS, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 52 OTHERS: POWER TOOLS, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 53 OTHERS: POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2018–2021 (USD MILLION)
           TABLE 54 OTHERS: POWER TOOLS, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2022–2027 (USD MILLION)
           TABLE 55 OTHERS: POWER TOOLS, BY REGION, 2018–2021 (USD MILLION)
           TABLE 56 OTHERS: POWER TOOLS, BY REGION, 2022–2027 (USD MILLION)
 
10 POWER TOOLS MARKET, BY APPLICATION (Page No. - 115)
     10.1 INTRODUCTION 
             FIGURE 43 POWER TOOLS, BY APPLICATION
             FIGURE 44 RESIDENTIAL/DIY APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 57 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 58 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     10.2 INDUSTRIAL/PROFESSIONAL 
             FIGURE 45 CONSTRUCTION APPLICATION SEGMENT TO DOMINATE DURING FORECAST PERIOD
             TABLE 59 INDUSTRIAL/PROFESSIONAL APPLICATIONS: POWER TOOLS MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 60 INDUSTRIAL/PROFESSIONAL APPLICATIONS: MARKET, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 61 INDUSTRIAL/PROFESSIONAL APPLICATIONS: MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 62 INDUSTRIAL/PROFESSIONAL APPLICATIONS: MARKET, BY REGION, 2022–2027 (USD MILLION)
             10.2.1 CONSTRUCTION
                        10.2.1.1 Use of power tools in construction industry to drive market growth
                                     TABLE 63 CONSTRUCTION: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                                     TABLE 64 CONSTRUCTION: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
                                     TABLE 65 CONSTRUCTION: MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 66 CONSTRUCTION: MARKET, BY REGION, 2022–2027 (USD MILLION)
             10.2.2 AUTOMOTIVE
                        10.2.2.1 Adoption of fastening tools in automotive industry to favor market growth
                                     TABLE 67 AUTOMOTIVE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                                     TABLE 68 AUTOMOTIVE: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
                                     TABLE 69 AUTOMOTIVE: MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 70 AUTOMOTIVE: MARKET, BY REGION, 2022–2027 (USD MILLION)
             10.2.3 AEROSPACE
                        10.2.3.1 Increasing use of material removal tools in aerospace industry to favor market growth
                                     TABLE 71 AEROSPACE: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                                     TABLE 72 AEROSPACE: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
                                     TABLE 73 AEROSPACE: MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 74 AEROSPACE: MARKET, BY REGION, 2022–2027 (USD MILLION)
             10.2.4 ENERGY
                        10.2.4.1 Rise in number of wind energy projects to augment market growth
                                     TABLE 75 ENERGY: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                                     TABLE 76 ENERGY: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
                                     TABLE 77 ENERGY: MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 78 ENERGY: MARKET, BY REGION, 2022–2027 (USD MILLION)
             10.2.5 SHIPBUILDING
                        10.2.5.1 Presence of ship manufacturers in Asia Pacific to drive market
                                     TABLE 79 SHIPBUILDING: POWER TOOLS MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
                                     TABLE 80 SHIPBUILDING: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
                                     TABLE 81 SHIPBUILDING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 82 SHIPBUILDING: MARKET, BY REGION, 2022–2027 (USD MILLION)
             10.2.6 OTHERS
                        TABLE 83 OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS: POWER TOOLS MARKET, BY MODE OF OPERATION, 018–2021 (USD MILLION)
                        TABLE 84 OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS:  MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
                        TABLE 85 OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 86 OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS: MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.3 RESIDENTIAL/DIY 
             10.3.1 RISING ADOPTION OF CORDLESS POWER TOOLS BY HOMEOWNERS TO DRIVE MARKET GROWTH
                        TABLE 87 RESIDENTIAL/DIY APPLICATIONS: POWER TOOLS MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 88 RESIDENTIAL/DIY APPLICATIONS: MARKET, BY REGION, 2022–2027 (USD MILLION)
 
11 POWER TOOLS MARKET, BY REGION (Page No. - 131)
     11.1 INTRODUCTION 
             FIGURE 46 MARKET, BY REGION
             FIGURE 47 GEOGRAPHIC POWER TOOLS SNAPSHOT (2022–2027)
             FIGURE 48 NORTH AMERICA TO HOLD LARGEST SHARE OF GLOBAL MARKET DURING FORECAST PERIOD
             TABLE 89 MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 90 MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.2 NORTH AMERICA 
             FIGURE 49 NORTH AMERICA: POWER TOOLS MARKET SNAPSHOT
             FIGURE 50 US TO HOLD LARGEST SHARE OF NORTH AMERICAN MARKET DURING FORECAST PERIOD
             TABLE 91 NORTH AMERICA: MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
             TABLE 92 NORTH AMERICA: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
             TABLE 93 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 94 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 95 NORTH AMERICA: MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2018–2021 (USD MILLION)
             TABLE 96 NORTH AMERICA: MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2022–2027 (USD MILLION)
             TABLE 97 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 98 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             11.2.1 US
                        11.2.1.1 Likely to hold largest market share in 2021
             11.2.2 CANADA
                        11.2.2.1 Growing adoption of cordless power tools in various industries
             11.2.3 MEXICO
                        11.2.3.1 Rapid use of power tools in construction industry
     11.3 EUROPE 
             FIGURE 51 EUROPE: POWER TOOLS MARKET SNAPSHOT
             FIGURE 52 GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 99 EUROPE: MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
             TABLE 100 EUROPE: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
             TABLE 101 EUROPE: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 102 EUROPE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 103 EUROPE: MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2018–2021 (USD MILLION)
             TABLE 104 EUROPE: MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2022–2027 (USD MILLION)
             TABLE 105 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 106 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Increasing demand for power tools in automobile industry
             11.3.2 FRANCE
                        11.3.2.1 Leading aircraft manufacturing companies to fuel market growth
             11.3.3 UK
                        11.3.3.1 Growing adoption of cordless power tools by residential and nonresidential users
             11.3.4 ITALY
                        11.3.4.1 Increasing demand for power tools to augment market growth
             11.3.5 REST OF EUROPE
     11.4 ASIA PACIFIC 
             FIGURE 53 ASIA PACIFIC: POWER TOOLS MARKET SNAPSHOT
             FIGURE 54 CHINA TO DOMINATE ASIA PACIFIC MARKET DURING FORECAST PERIOD
             TABLE 107 ASIA PACIFIC: MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
             TABLE 108 ASIA PACIFIC: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
             TABLE 109 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 110 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 111 ASIA PACIFIC: MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2018–2021 (USD MILLION)
             TABLE 112 ASIA PACIFIC: MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2022–2027 (USD MILLION)
             TABLE 113 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 114 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 Likely to hold largest share of Asia Pacific market
             11.4.2 JAPAN
                        11.4.2.1 Growing adoption of battery-powered tools by DIY population to fuel market growth
             11.4.3 INDIA
                        11.4.3.1 Government initiatives to fuel adoption of power tools in construction and manufacturing industries
             11.4.4 SOUTH KOREA
                        11.4.4.1 Growing adoption of power tools in shipbuilding industry
             11.4.5 REST OF ASIA PACIFIC
     11.5 REST OF THE WORLD 
             FIGURE 55 SOUTH AMERICA TO DOMINATE POWER TOOLS MARKET DURING FORECAST PERIOD
             TABLE 115 ROW: MARKET, BY MODE OF OPERATION, 2018–2021 (USD MILLION)
             TABLE 116 ROW: MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)
             TABLE 117 ROW: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 118 ROW: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 119 ROW: MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2018–2021 (USD MILLION)
             TABLE 120 ROW: MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2022–2027 (USD MILLION)
             TABLE 121 ROW:  MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 122 ROW:  MARKET, BY REGION, 2022–2027 (USD MILLION)
             TABLE 123 MIDDLE EAST & AFRICA: POWER TOOLS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 124 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             11.5.1 SOUTH AMERICA
                        11.5.1.1 Brazil and Argentina to hold major market share
             11.5.2 MIDDLE EAST & AFRICA
                        11.5.2.1 UAE, Saudi Arabia, and South Africa to be key markets
 
12 COMPETITIVE LANDSCAPE (Page No. - 156)
     12.1 INTRODUCTION 
             TABLE 125 KEY DEVELOPMENTS IN POWER TOOLS MARKET (2021–2022)
     12.2 REVENUE ANALYSIS OF TOP FIVE COMPANIES 
             FIGURE 56 MARKET SHARE ANALYSIS (2021)
     12.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021 
             TABLE 126 MARKET: DEGREE OF COMPETITION
     12.4 COMPETITIVE EVALUATION QUADRANT, 2021 
             12.4.1 STARS
             12.4.2 EMERGING LEADERS
             12.4.3 PERVASIVE PLAYERS
             12.4.4 PARTICIPANTS
                        FIGURE 57 POWER TOOLS MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2021
     12.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021 
             12.5.1 PROGRESSIVE COMPANIES
             12.5.2 RESPONSIVE COMPANIES
             12.5.3 DYNAMIC COMPANIES
             12.5.4 STARTING BLOCKS
                        FIGURE 58 POWER TOOLS MARKET (GLOBAL) SME EVALUATION QUADRANT, 2021
             12.5.5 MARKET: COMPANY FOOTPRINT
                        TABLE 127 COMPANY TOOL TYPE FOOTPRINT
                        TABLE 128 COMPANY APPLICATION FOOTPRINT
                        TABLE 129 COMPANY REGION FOOTPRINT
                        TABLE 130 COMPANY FOOTPRINT
     12.6 COMPETITIVE BENCHMARKING 
             TABLE 131 POWER TOOLS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 132 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.7 COMPETITIVE SITUATIONS AND TRENDS 
             12.7.1 PRODUCT LAUNCHES
                        TABLE 133 MARKET: PRODUCT LAUNCHES, 2021–2022
             12.7.2 DEALS
                        TABLE 134 MARKET: DEALS, 2021–2022
 
13 COMPANY PROFILES (Page No. - 175)
     13.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*  
             13.1.1 ANDREAS STIHL AG & CO. KG
                        TABLE 135 ANDREAS STIHL AG & CO. KG: BUSINESS OVERVIEW
                        FIGURE 59 ANDREAS STIHL AG & CO. KG: COMPANY SNAPSHOT
                        TABLE 136 ANDREAS STIHL AG & CO. KG: PRODUCT OFFERING
             13.1.2 APEX TOOL GROUP, LLC
                        TABLE 137 APEX TOOL GROUP, LLC: BUSINESS OVERVIEW
                        TABLE 138 APEX TOOL GROUP, LLC: PRODUCT OFFERING
             13.1.3 ATLAS COPCO AB
                        TABLE 139 ATLAS COPCO AB: BUSINESS OVERVIEW
                        FIGURE 60 ATLAS COPCO AB: COMPANY SNAPSHOT
                        TABLE 140 ATLAS COPCO AB: PRODUCT OFFERING
                        TABLE 141 ATLAS COPCO AB: PRODUCT LAUNCHES AND DEVELOPMENTS
             13.1.4 ROBERT BOSCH GMBH
                        TABLE 142 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
                        FIGURE 61 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                        TABLE 143 ROBERT BOSCH GMBH: PRODUCT OFFERING
                        TABLE 144 ROBERT BOSCH GMBH: PRODUCT LAUNCHES AND DEVELOPMENTS
             13.1.5 HILTI CORPORATION
                        TABLE 145 HILTI CORPORATION: BUSINESS OVERVIEW
                        FIGURE 62 HILTI CORPORATION: COMPANY SNAPSHOT
                        TABLE 146 HILTI CORPORATION: PRODUCT OFFERING
                        TABLE 147 HILTI CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 148 HILTI CORPORATION: DEALS
             13.1.6 STANLEY BLACK & DECKER, INC.
                        TABLE 149 STANLEY BLACK & DECKER, INC.: BUSINESS OVERVIEW
                        FIGURE 63 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT
                        TABLE 150 STANLEY BLACK & DECKER, INC.: PRODUCT OFFERING
                        TABLE 151 STANLEY BLACK & DECKER, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 152 STANLEY BLACK & DECKER, INC.: DEALS
             13.1.7 TECHTRONIC INDUSTRIES CO. LTD.
                        TABLE 153 TECHTRONIC INDUSTRIES CO. LTD.: BUSINESS OVERVIEW
                        FIGURE 64 TECHTRONIC INDUSTRIES CO. LTD.: COMPANY SNAPSHOT
                        TABLE 154 TECHTRONIC INDUSTRIES CO. LTD.: PRODUCT OFFERING
             13.1.8 MAKITA CORPORATION
                        TABLE 155 MAKITA CORPORATION: BUSINESS OVERVIEW
                        FIGURE 65 MAKITA CORPORATION: COMPANY SNAPSHOT
                        TABLE 156 MAKITA CORPORATION: PRODUCT OFFERING
                        TABLE 157 MAKITA CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
             13.1.9 INGERSOLL RAND
                        TABLE 158 INGERSOLL RAND: BUSINESS OVERVIEW
                        FIGURE 66 INGERSOLL RAND: COMPANY SNAPSHOT
                        TABLE 159 INGERSOLL RAND: PRODUCT OFFERING
                        TABLE 160 INGERSOLL RAND: DEALS
             13.1.10 SNAP-ON INCORPORATED
                        TABLE 161 SNAP-ON INCORPORATED: BUSINESS OVERVIEW
                        FIGURE 67 SNAP-ON INCORPORATED: COMPANY SNAPSHOT
                        TABLE 162 SNAP-ON INCORPORATED: PRODUCT OFFERING
                        TABLE 163 SNAP-ON INCORPORATED: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 164 SNAP-ON INCORPORATED: DEALS
             13.1.11 KOKI HOLDING CO., LTD.
                        TABLE 165 KOKI HOLDING CO., LTD.: BUSINESS OVERVIEW
                        TABLE 166 KOKI HOLDING CO., LTD.: PRODUCT OFFERING
             13.1.12 YAMABIKO CORPORATION
                        TABLE 167 YAMABIKO CORPORATION: BUSINESS OVERVIEW
                        FIGURE 68 YAMABIKO CORPORATION: COMPANY SNAPSHOT
                        TABLE 168 YAMABIKO CORPORATION: PRODUCT OFFERING
             13.1.13 PANASONIC ELECTRIC WORKS EUROPE AG
                        TABLE 169 PANASONIC ELECTRIC WORKS EUROPE AG: BUSINESS OVERVIEW
                        TABLE 170 PANASONIC ELECTRIC WORKS EUROPE AG: PRODUCT OFFERING
             13.1.14 KEN HOLDING CO., LTD.
                        TABLE 171 KEN HOLDING CO., LTD.: BUSINESS OVERVIEW
                        TABLE 172 KEN HOLDING CO., LTD.: PRODUCT OFFERING
             13.1.15 DYNABRADE POWER TOOLS
                        TABLE 173 DYNABRADE POWER TOOLS: BUSINESS OVERVIEW
                        TABLE 174 DYNABRADE POWER TOOLS: PRODUCT OFFERING
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.  
     13.2 OTHER PLAYERS 
             13.2.1 AIMCO
             13.2.2 C. & E. FEIN GMBH
             13.2.3 CHERVON (CHINA) TRADING CO. LTD.
             13.2.4 CS UNITEC
             13.2.5 FERM INTERNATIONAL B.V.
             13.2.6 INTERSKOL
             13.2.7 POSITEC TOOL CORPORATION
             13.2.8 RIDGID, INC.
             13.2.9 FESTOOL GROUP GMBH & CO. KG
             13.2.10 URYU SEISAKU, LTD.
 
14 ADJACENT & RELATED MARKETS (Page No. - 221)
     14.1 INTRODUCTION 
     14.2 LIMITATIONS 
     14.3 PRESSURE WASHER MARKET, BY WATER OPERATION 
             14.3.1 INTRODUCTION
                        FIGURE 69 PRESSURE WASHER MARKET, BY WATER OPERATION
                        TABLE 175 PRESSURE WASHER MARKET, BY WATER OPERATION, 2017–2020 (USD MILLION)
                        TABLE 176 PRESSURE WASHER MARKET, BY WATER OPERATION, 2021–2026 (USD MILLION)
             14.3.2 HOT WATER
                        14.3.2.1 Hot water segment projected to hold largest share of pressure washer market during forecast period
                                     TABLE 177 HOT WATER PRESSURE WASHER MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                     TABLE 178 HOT WATER PRESSURE WASHER MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
             14.3.3 COLD WATER
                        14.3.3.1 Rising adoption of cold water pressure washers in residential applications
                                     TABLE 179 COLD WATER PRESSURE WASHER MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                                     TABLE 180 COLD WATER PRESSURE WASHER MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
 
15 APPENDIX (Page No. - 225)
     15.1 INSIGHTS OF INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 
 

 

The study involved four major activities in estimating the current size of the power tools market. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Finally, both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to identify and collect information relevant to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research was conducted mainly to obtain key information about the industry’s supply chain, value chain of the market, the total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include experts such as CEOs, VPs, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the power tools ecosystem. Following is the breakdown of primary respondents:

Power Tools Market Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the size of the overall power tools market and the market based on segments. The research methodology used to estimate the market size was given below:

  • Major players operating in the power tools market were identified and considered for the report through extensive secondary research.
  • The supply chain and market size of the power tools market, both in terms of value and units, were estimated/determined through secondary and primary research processes.
  • All estimations and calculations, including percentage share, revenue mix, splits, and breakdowns, were determined through the use of secondary sources, which were further verified through primary sources.

Global Power Tools market Size: Bottom-Up Approach

Power Tools Market Size, and Bottom-Up Approach

Data Triangulation

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

Report Objectives:

  • To describe and forecast the power tools market, in terms of value, based on tool type, mode of operation, and application
  • To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific, and the Rest of World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide a detailed overview of the value chain of the Power Tools ecosystem
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders and details of the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies
  • To analyze the major growth strategies implemented by key market players, such as contracts, agreements, acquisitions, product launches, expansions, and partnerships

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)
Report Code
SE 5705
Published ON
Dec, 2022
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