Global Power Tools (Electric & Pneumatic) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

Global Power Tools (Electric & Pneumatic) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global power tools market is estimated to reach US$57.4 billion in 2024, growing at a CAGR of 5.18% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, growing urban population, growing spending on construction and infrastructure projects, growing adoption of cordless power tools, growing automotive industry and rising remodeling and renovation projects are expected to drive the market. However, growth of the industry will be challenged by high maintenance cost of power tools and fluctuations in raw material prices. A few notable trends include advances in lithium batteries, growth of DIY activities and smart and connected power tools.

The global power tools market is segmented into electric, pneumatic and others. The global power tools market is highly dominated by electric power tools owing to its application in construction as well as manufacturing activities.

The global power tools market is expected to grow in future due to rising infrastructural developments, growing urbanization and rising industrialization. In terms of region, North America is the major contributor to the global power tools market supported by increasing demand for power tools among industrial and residential sectors. Asia Pacific represents the fastest growing market for power tools with rapid increase in the industrialization and urbanization across China, India, and Southeast Asian countries.

Scope of the report:

  • The report provides a comprehensive analysis of the global power tools market, segmented into electric, pneumatic and others.
  • The major regional markets (North America, Europe and Asia Pacific) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Bosch Limited, Stanley Black & Decker, Inc., Techtronic Industries Co. Ltd., Makita Corporation, Hilti Corporation and Hitachi, Ltd.) are also presented in detail.
Key Target Audience:
  • Power Tools Manufacturers
  • Construction Industry
  • Automotive Industry
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Power Tools
1.2 Common Types of Power Tools
Table 1: Common Power Tools
1.3 Segmentation of Power Tools
Table 2: Power Tools Segmentation
1.4 Distribution of Power Tools
Table 3: Distribution channels in Power Tools Market
2. Impact of COVID-19
2.1 Decline in Global GDP Growth
Table 4: Global GDP Growth Rate (2005-2020)
2.2 Rise in Unemployment
Table 5: Unemployment Based on Income Groups (2020)
2.3 Fall in Aviation Industry
Table 6: Monthly Passenger Traffic (2019-2020)
2.4 Decline in Global Trade
Table 7: Global Merchandise Trade Values (2019-2020)
2.5 Trade in Medical Goods
Table 8: Trade Flows of Medical Goods (2020)
2.6 Decline in Manufacturing Production
Table 9: Industrial Production Index (2019-2020)
2.7 Crisis in Tourism Sector
Table 10: International Tourists Arrival (2020)
2.8 Accelerating Poverty
Table 11: Global Poverty Rate (2015-2020)
2.9 Disruption in Education Sector
Table 12: Learners Affected by Global School Closures (April 2020)
3. Global Market Analysis
3.1 Global Power Tools Market by Value
Table 13: Global Power Tools Market by Value (2015-2019)
3.2 Global Power Tools Market Forecast by Value
Table 14: Global Power Tools Market Forecast by Value (2020-2024)
3.3 Global Power Tools Production Volume
Table 15: Global Power Tools Production Volume (2015-2019)
3.4 Global Power Tools Production Volume Forecast
Table 16: Global Power Tools Production Volume Forecast (2020-2024)
3.5 Global Power Tools Market by Segment
Table 17: Global Power Tools Market by Segment (2019)
3.5.1 Global Electric Power Tools Market by Value
Table 18: Global Electric Power Tools Market by Value (2015-2019)
3.5.2 Global Electric Power Tools Market Forecast by Value
Table 19: Global Electric Power Tools Market Forecast by Value (2020-2024)
3.6 Global Power Tools Market by Energy Sources
Table 20: Global Power Tools Market by Energy Sources (2019)
3.6.1 Global Cordless Power Tools Market by Value
Table 21: Global Cordless Power Tools Market by Value (2015-2019)
3.6.2 Global Cordless Power Tools Market Forecast by Value
Table 22: Global Cordless Power Tools Market Forecast by Value (2020-2024)
3.6.3 Global Cordless Power Tools Cost Breakdown
Table 23: Global Cordless Power Tools Cost Breakdown (2019)
3.7 Global Power Tools Market by Application
Table 24: Global Power Tools Market by Application (2019)
3.8 Global Power Tools Market by End Users
Table 25: Global Power Tools Market by End Users (2019)
3.9 Global Power Tools Market by Raw Materials
Table 26: Global Power Tools Market by Raw Materials (2019)
3.10 Global Power Tools Market by Region
Table 27: Global Power Tools Market by Region (2019)
4. Regional Power Tools Market Analysis
4.1 North America
4.1.1 North America Power Tools Market by Value
Table 28: North America Power Tools Market by Value (2015-2019)
4.1.2 North America Power Tools Market Forecast by Value
Table 29: North America Power Tools Market Forecast by Value (2020-2024)
4.2 Europe
4.2.1 Europe Power Tools Market by Value
Table 30: Europe Power Tools Market by Value (2015-2019)
4.2.2 Europe Power Tools Market Forecast by Value
Table 31: Europe Power Tools Market Forecast by Value (2020-2024)
4.3 Asia-Pacific
4.3.1 Asia-Pacific Power Tools Market by Value
Table 32: Asia-Pacific Power Tools Market by Value (2015-2019)
4.3.2 Asia Pacific Power Tools Market Forecast by Value
Table 33: Asia Pacific Power Tools Market Forecast by Value (2020-2024)
4.3.3 China Power Tools Production Volume
Table 34: China Power Tools Production Volume (2015-2019)
4.3.4 China Power Tools Production Volume Forecast
Table 35: China Power Tools Production Volume Forecast (2015-2019)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Per Capita Disposable Income
Table 36: Global GNI Per Capita (2015-2019)
5.1.2 Growing Urban Population
Table 37: Global Urban Population (2015-2019)
5.1.3 Growing Spending on Construction and Infrastructure Projects
Table 38: Global Construction Market (2015-2019)
5.1.4 Growing Adoption of Cordless Power Tools
Table 39: Global Cordless Power Tools Penetration (2015-2019)
5.1.5 Growing Automotive Industry
Table 40: Global Commercial Vehicles Sales (2015-2019)
5.1.6 Rising Remodeling and Renovation Projects
5.2 Key Trends & Developments
5.2.1 Advances in Lithium Batteries
Table 41: Global Power Tool Li-battery Installations (2015-2019)
5.2.2 Growth of DIY Activities
5.2.3 Smart and Connected Power Tools
5.3 Challenges
5.3.1 High Maintenance Cost of Power Tools
5.3.2 Fluctuations in Raw Material Prices
6. Competitive Landscape
6.1 Global Power Tools Market
6.1.1 Key Players - Revenue Comparison
Table 42: Key Players - Revenue Comparison (2019/2020)
6.1.2 Key Players - Market Cap Comparison
Table 43: Key Players - Market Cap Comparison (2019)
6.1.3 Global Power Tools Market Share by Company
Table 44: Global Power Tools Market Share by Company (2019)
6.1.4 Global Power Tools Market –Brand Comparison
Table 45: Global Power Tools Market –Brand Comparison (2019)
6.1.5 Global Power Tools Market –Competitive Landscape
Table 46: Global Power Tools Market –Competitive Landscape (2019)
7. Company Profiles
7.1 Bosch Limited
7.1.1 Business Overview
7.1.2 Financial Overview
Table 47: Bosch Limited Sales by Segments (2019)
Table 48: Bosch Limited Sales by Geography (2019)
Table 49: Bosch Limited Sales and Net Income (2015-2019)
7.1.3 Business Strategies
7.2 Stanley Black & Decker, Inc.
7.2.1 Business Overview
7.2.2 Financial Overview
Table 50: Stanley Black & Decker Net Sales by Region (2019)
Table 51: Stanley Black & Decker Net Sales and Earnings (2015-2019)
7.2.3 Business Strategies
7.3 Techtronic Industries Co. Ltd.
7.3.1 Business Overview
7.3.2 Financial Overview
Table 52: Techtronic Industries Revenue by Segment (2019)
Table 53: Techtronic Industries Revenue by Geography Regions (2019)
Table 54: Techtronic Industries Revenue and Net Profit (2015-2019)
7.3.3 Business Strategies
7.4 Makita Corporation
7.4.1 Business Overview
7.4.2 Financial Overview
Table 55: Makita Corporation Revenue by Segments (2020)
Table 56: Makita Corporation Revenue by Region (2020)
Table 57: Makita Corporation Revenue and Net Income (2016-2020)
7.4.3 Business Strategies
7.5 Hilti Corporation
7.5.1 Business Overview
7.5.2 Financial Overview
Table 58: Hilti Corporation Sales by Region (2019)
Table 59: Hilti Corporation Revenue and Net Income (2015-2019)
7.5.3 Business Strategies
7.6 Hitachi, Ltd
7.6.1 Business Overview
7.6.2 Financial Overview
Table 60: Hitachi, Ltd Revenue by Segments (2020)
Table 61: Hitachi, Ltd Sales by Region (2020)
Table 62: Hitachi, Ltd Revenue and Net Income (2016-2020)
7.6.3 Business Strategies

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook