Power Tools Market

The global Power Tools market was valued at US$ 34670 million in 2022 and is projected to reach US$ 49640 million by 2029, at a CAGR of 5.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of power tools use electric motors. Internal combustion engines and compressed air are also commonly used. Other power sources include steam engines, direct burning of fuels and propellants, or even natural power sources like wind or moving water. Tools directly driven by animal power are not generally considered power tools. Power tools are used in industry, in construction, in the garden, for housework tasks such as cooking, cleaning, and around the house for purposes of driving (fasteners), drilling, cutting, shaping, sanding, grinding, routing, polishing, painting, heating and more. Power tools are classified as either stationary or portable, where portable means hand-held. Portable power tools have obvious advantages in mobility. Stationary power tools however often have advantages in speed and accuracy, and some stationary power tools can produce objects that cannot be made in any other way. Stationary power tools for metalworking are usually called machine tools. The term machine tool is not usually applied to stationary power tools for woodworking, although such usage is occasionally heard, and in some cases, such as drill presses and bench grinders, exactly the same tool is used for both woodworking and metalworking.

Power Tools Market aims to provide a comprehensive presentation of the global market for Power Tools, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Tools. Power Tools Market contains market size and forecasts of Power Tools in global, including the following market information:

• Global Power Tools Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global Power Tools Market Sales, 2018-2023, 2024-2029, (M Units)
• Global top five Power Tools companies in 2022 (%)

At present, the major players of Power Tools in the world include: Stanley Black & Decker (DeWalt), Bosch, TTI, Makita, HiKOKI, Hilti, Einhell, Snap-on, Chevron Group and Festool, among which Stanley Black & Decker (DeWalt) is the world?s largest Power Tools manufacturer, its market share is about 21%.

North America holds a big market share of the Power Tools market and accounted for over 33% of the global revenue share.

The classification of Power Tools include Electric Power Tools, Pneumatic Power Tools and Hydraulic and other power tool. The market share of Power Tools is about 77%.

Power Tools' application are Residential Applications, Construction, Industry, Gardening and Others. The most proportion of Industry are 37% market shares.

We surveyed the Power Tools manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Power Tools Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Units)

Global Power Tools Market Segment Percentages, by Type, 2022 (%)

• Electric Power Tools
• Pneumatic Power Tools
• Hydraulic and other power tool

Global Power Tools Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Units)

Global Power Tools Market Segment Percentages, by Application, 2022 (%)

• Residential
• Construction
• Industrials
• Gardening
• Other

Global Power Tools Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Units)

Global Power Tools Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Power Tools revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Power Tools revenues share in global market, 2022 (%)

Key companies Power Tools sales in global market, 2018-2023 (Estimated), (M Units)

Key companies Power Tools sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Stanley Black & Decker (DeWalt)
• Bosch
• TTI
• Makita
• HiKOKI
• Hilti
• Einhell
• Snap-on
• Chevron Group
• Festool
• Apex Tool Group
• Dongcheng
• C. & E. Fein
• Zhejiang Crown
• Positec Group
• Jiangsu Jinding
• KEN

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Power Tools, market overview.
• Chapter 2: Global Power Tools market size in revenue and volume.
• Chapter 3: Detailed analysis of Power Tools manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Power Tools in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global Power Tools capacity by region & country.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.