Power Tools Market, By Tool Type (Drilling Solutions, Material Removal, Sawing, Wrenches, and Other Solutions) By Mode of Operation (Electric (Corded and Cordless), Pneumatic) By Application (Industrial and DIY), and by Region (North America, Latin Americ

Power Tools Market, By Tool Type (Drilling Solutions, Material Removal, Sawing, Wrenches, and Other Solutions) By Mode of Operation (Electric (Corded and Cordless), Pneumatic) By Application (Industrial and DIY), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Power tools are equipment powered by additional power sources such as battery and electric motors. Power tools are used for various applications in various industries such as construction industry, manufacturing, and others. Moreover, power tools are used for various household applications such as cutting, shaping, grinding, and drilling. Power tools are available in different size and are easy to operate, which include hammer drills, electric screwdriver, and fast screw guns.
Market Dynamics
The growth for the power tools market is majorly attributed to the growing construction industry in the emerging economies such as China, India, across the globe. In the construction industry, power tools are used for number of applications such as woodcutting, drilling, welding, reshaping, which boosts demand. For instance, according to Invest India, by the year 2025, the construction industry is expected to be the third-largest market, globally, and construction output is expected to grow on average by 7.1% each year. In addition, cordless power tool is majorly getting adopted in various industries, as they are flexible, compact, and are easy to use.
Power tools are precision tools that require frequent maintenance, and need to be recalibrated after a regular interval of time. Motors, batteries, rotor that requires a frequent maintenance is expected to be a challenging factor for the power tools market growth.
Key features of the study:
This report provides in-depth analysis of the global power tools market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global power tools market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as part of this study include Apex Tool Group LLC, Atlas Copco AB, Emerson Electric, Co Techtronic Industries, Hilti Corporation, Stanley Black & Decker, Ingersoll-Rand plc, Robert Bosch, Koki Holdings Co., Ltd., and Makita Corporation.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global power tools market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global power tools market
Detailed Segmentation
Global Power Tools Market, By Tool Type:
Drilling Solutions
Material Removal
Sawing
Wrenches
Other Solutions
Global Power Tools Market, By Mode of Operation:
Electric
Corded
Cordless
Pneumatic
Global Power Tools Market, By Application:
Industrial
DIY
Global Power Tools Market, By Region:
North America
By Tool Type
Drilling Solutions
Material Removal
Sawing
Wrenches
Other Solutions
By Mode of Operation
Electric
Corded
Cordless
Pneumatic
By Application
Industrial
DIY
By Country:
U.S.
Canada
Europe
By Tool Type
Drilling Solutions
Material Removal
Sawing
Wrenches
Other Solutions
By Mode of Operation
Electric
Corded
Cordless
Pneumatic
By Application
Industrial
DIY
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Tool Type
Drilling Solutions
Material Removal
Sawing
Wrenches
Other Solutions
By Mode of Operation
Electric
Corded
Cordless
Pneumatic
By Application
Industrial
DIY
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Tool Type
Drilling Solutions
Material Removal
Sawing
Wrenches
Other Solutions
By Mode of Operation
Electric
Corded
Cordless
Pneumatic
By Application
Industrial
DIY
By Country:
Brazil
Mexico
Rest of Latin America
Middle East & Africa
By Tool Type
Drilling Solutions
Material Removal
Sawing
Wrenches
Other Solutions
By Mode of Operation
Electric
Corded
Cordless
Pneumatic
By Application
Industrial
DIY
By Country/Region:
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
Atlas Copco AB*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Apex Tool Group, LLC
Emerson Electric, Co
Techtronic Industries
Hilti Corporation
Stanley Black & Decker
Ingersoll-Rand plc
Robert Bosch
Koki Holdings Co., Ltd
Makita Corporation
“*” marked represents similar segmentation in other categories in the respective section. Show more