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Global DIY Power Tools Market 2017-2021

About DIY Power Tools

Power tools are used to create products with ease and convenience. Engine-driven, electric, and pneumatic are the three types of power tools. They help in performing tasks such as screw driving, drilling, chiseling, routing, sanding, buffing, polishing, and leveling. Skilled professionals use power tools mainly in the construction industry and are used by home users undertaking refurbishment and improvement projects. Applications of power tools are spread across sectors such as automotive, consumer, infrastructure, construction, woodworking, aerospace, and electrical and electronics. The global DIY power tools market includes both corded and cordless power tools used by the consumer segment.

Technavio’s analysts forecast the global DIY Power Tools market to grow at a CAGR of 4.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global DIY Power Tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of cordless and corded DIY power tools by vendors in the market to the consumer segment.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global DIY Power Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Makita
  • Robert Bosch Tools
  • Stanley Black & Decker
  • Techtronic Industries
Other prominent vendors
  • Atlas Copco
  • BAIER
  • Casals
  • Craftsman
  • Freudenberg
  • Hilti
  • Husqvarna
  • IRWIN TOOLS
  • Klein Tools
  • Snap-on
Market driver
  • DIY concept gaining momentum in developed countries
  • For a full, detailed list, view our report
Market challenge
  • High cost for power tools
  • For a full, detailed list, view our report
Market trend
  • Emergence of energy-efficient power tools
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global DIY Power Tools Market 2017-2021

Technavio recognizes the following companies as the key players in the global DIY power tools market: Makita, Robert Bosch Tools, Stanley Black & Decker, and Techtronic Industries.

Other Prominent Vendors in the market are: Atlas Copco, BAIER, Casals, Craftsman, Freudenberg, Hilti, Husqvarna, IRWIN TOOLS, Klein Tools, and Snap-on.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of energy-efficient power tools. Inflation rates and fluctuations in the economy signify that organizations worldwide need to accomplish increased productivity with maximum cost savings. Energy management is one of the key cost factors that concern organizations. In addition, the development of power tools with high power consumption creates several problems that need to be faced by companies as well as customers and other end-users. This increases the cost of utilizing power tools.”

According to the report, one of the major drivers for this market is DIY concept gaining momentum in developed countries. DIY is a method of building, repairing, and modifying things without the help of any professionals. Many companies are adopting the idea of DIY to reduce their operational costs and provide products to the customer at a reduced price. One of such companies is IKEA where to the DIY concept has been modified to ready to assemble (RTA). This concept has reduced the company’s operational expenses, and the company can focus on product development. The company’s product comes with all the instructions and tools required to assemble them.

Further, the report states that one of the major factors hindering the growth of this market is High cost for power tools. Different power tools are developed for efficient and easy movement of goods. These power tools are available with various capabilities and features to increase the operational convenience. Also, they are available with increased usability, accurate controls, and fool-proof technology to eliminate the risks in mishandling high-speed power tools, which increases the cost of power tools. The high cost of consumables coupled with high maintenance costs causes several small-scale industries to avoid investing in efficient and effective power tools. In addition, high-quality and energy-efficient power tools are expensive, which small-scale industries and the residential sector cannot afford. The decline in demand for power tools is expected to hinder the growth of the DIY power tools market.



Companies Mentioned

Makita, Robert Bosch Tools, Stanley Black & Decker, and Techtronic Industries.Atlas Copco, BAIER, Casals, Craftsman, Freudenberg, Hilti, Husqvarna, IRWIN TOOLS, Klein Tools, and Snap-on.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global DIY power tools market 2016-2021
  • Market landscape
    • Market overview
      • Table Global DIY power tools market 2016-2021
    • Market size and forecast
      • Table Global DIY power tools market 2016-2021 ($ millions)
      • Table US construction spending share by sectors in December 2016
      • Table Factors driving construction industry in US
      • Table US new residential construction 2005-2016 (thousand units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Market overview
      • Table Global DIY power tools by type 2016-2021 ($ millions)
    • Corded power tools
      • Table Global DIY corded power tools market 2016-2021 ($ millions)
    • Cordless power tools
      • Table Number of new privately-owned housing units started in US November 2015- October 2016 (thousands of units)
      • Table Global DIY cordless power tools market 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global DIY power tools market by geography
    • DIY power tools market in APAC
      • Table DIY power tools market in APAC 2016-2021 ($ millions)
    • DIY power tools market in EMEA
      • Table DIY power tools market in EMEA 2016-2021 ($ millions)
      • Table GDP of leading countries in Europe 2012-2015
    • DIY power tools market in Americas
      • Table DIY power tools market in Americas 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Major challenges of DIY concept
    • Market challenges
  • Market trends
    • Emergence of energy-efficient power tools
    • Demand for smaller and more powerful power tools
    • Increased competition from Chinese manufacturers
  • Vendor landscape
    • Other prominent vendors
  • Key vendor analysis
    • Makita
      • Table Makita Power Tools: Segments and categories of products offered
    • Robert Bosch Tool
      • Table Robert Bosch Tools: Products
    • Stanley Black & Decker
    • Techtronic Industries
    • Hitachi Koki
  • Appendix
    • List of abbreviations
  • Explore Technavio

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