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Power Tools Market by Mode (Electric (Corded & Cordless), Pneumatic, Others), Tool Type (Drilling & Fastening, Sawing, Demolition, Material Removal), Application (Industrial (Construction, Automotive, Aerospace, Energy), DIY) - Global Forecast to 2023

Power Tools Market by Mode (Electric (Corded & Cordless), Pneumatic, Others), Tool Type (Drilling & Fastening, Sawing, Demolition, Material Removal), Application (Industrial (Construction, Automotive, Aerospace, Energy), DIY) - Global Forecast to 2023

“Power tools market to exhibit significant growth potentials between 2017 and 2023”
The power tools market is expected to grow at a CAGR of 4.6% between 2017 and 2023, to reach USD 35.58 billion by 2023. The key driving factors for the growth of the market are the increasing urbanization, constant growth of the construction industry in emerging economies, increasing sales of commercial vehicles across the world, and rising demand for cordless tools. However, the high maintenance cost associated with power tools hinders the market growth.

“Electric tools to hold the largest market share during the forecast period”
The electric tools to exhibit a significant growth during the forecast period owing to the increasing adoption of cordless electric tools, which offers mobility and ease of use, by professional as well as DIY users. Cordless electric tools are lightweight, easy to use, and help to reduce workers’ fatigue. Many times, batteries used in cordless tools are interchangeable with other power tools for the convenience purpose. These tools offer flexibility and portability as they don’t rely on secondary power sources. Thus, the increasing adoption of cordless electric tools over pneumatic tools is expected to drive the growth of the market during the forecast period.

“The market for residential/DIY applications is expected to grow at the highest rate during the forecast period”
The increasing popularity of DIY trend among consumers is driving the growth of the power tools market for residential/DIY applications. Power tools are used by DIY consumers for residential refurbishment and improvement projects.

Remodeling and renovation projects are growing at a faster rate than new construction projects. Therefore, the use of power tools by DIY enthusiasts for remodeling and renovation projects is rising in developed countries such as the US, the UK, and Germany. However, the DIY culture is not very popular in APAC and RoW due to the availability of low-cost labor and high ownership cost of power tools.

“The market for the automotive industry is expected to grow at the highest CAGR during the forecast period”
Automotive is one of the prominent industries for power tools. Power tools are essential for automotive assembly operations, and service and repair workshops. Power tools such as impact drivers, pulse tools, impact torque wrenches, and nutrunners are widely used for applications such as automotive assembly and manufacturing operations. The increasing global sales of vehicles has resulted in the rising demand for after-sales, maintenance, and repair services. Hence, the automotive industry is driving the adoption of power tools, and a similar trend is likely to continue during the forecast period.

“North America is expected to hold the largest market share during the forecast period”
North America is expected to hold the largest market share during the forecast period. The growth of the North American market is mainly driven by the growing construction industry and rising automotive sales in this region. The increasing wind energy installations have boosted the demand for fastening tools in this region. In North America, power tools are extensively used for both industrial as well as residential applications. The DIY trend is already prevalent among consumers in this region and is likely to continue to drive the demand for cordless tools.

The break-up of the profiles of primary participants for the report has been given below:
• By Company Type: Tier 1 = 52%, Tier 2 = 26%, and Tier 3 = 22%
• By Designation: C–Level Executives = 44%, Directors = 38%, and Others = 18%
• By Region: North America = 36%, Europe = 28%, APAC = 22%, and RoW = 14%

Major players involved in the market include Robert Bosch (Germany), Stanley Black & Decker (US), Techtronic Industries (TTI) (Hong Kong), Makita (Japan), Hilti (Liechtenstein) Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), Hitachi Koki (Japan), Snap-on (US), and C. & E. Fein (Germany).

Other players in this market include Emerson Electric (US), Panasonic (Japan), Chevron Group (China), TTS Tooltechnic Systems (Germany), Illinois Tool Works (US), Positec Group (China), CS Unitec (US), FRIEDRICH DUSS (Germany), Uryu Seisaku (Japan), Deprag Schulz (Germany), KYOCERA (Japan), AIMCO Global (US), INTERSKOL (Russia), and FERM. (Netherlands).

Research Coverage:
The research report on the global power tools market covers the market on the basis of mode of operation, tool type, application, and geography.

The power tools market based on mode of operation has been segmented into electric, pneumatic, and other tools. Other power tools include hydraulic and power-actuated tools. Electric power tools have been further classified into corded and cordless tools.

On the basis of tool type, the market has been segmented into drilling and fastening tools, demolition tools, sawing and cutting tools, material removal tools, routing tools, and others that include measuring and layout tools, laser tools, dust extractors, glue guns, and heat guns.

The market based on application has been segmented into industrial/professional and residential/DIY applications. Further, on the basis of industrial applications, the market has been segmented into construction, automotive, aerospace, energy, shipbuilding, and other industries that include mining, oil and gas, and electronics.

The report covers 4 major geographic regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
Illustrative segmentations, analyses, and forecasts for the market based on mode of operation, tool type application, and geography have been conducted to give an overall view of the power tools market.
The major drivers, restraints, opportunities, and challenges for the market have been detailed in this report.
The report includes a detailed competitive leadership mapping, along with key players, in-depth analysis, and revenues of key players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • POWER TOOLS MARKET OPPORTUNITIES
    • ELECTRIC POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION
    • POWER TOOLS MARKET, BY TOOL TYPE
    • POWER TOOLS MARKET, BY INDUSTRIAL APPLICATIONS
    • POWER TOOLS MARKET IN NORTH AMERICA, BY MODE OF OPERATION AND COUNTRY
    • POWER TOOLS MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
      • RESEARCH AND DEVELOPMENT (R&D)
      • COMPONENT SUPPLIERS
      • POWER TOOL MANUFACTURERS
      • DISTRIBUTORS AND RETAILERS
      • END USERS
      • POST-SALES SERVICES
    • KEY TRENDS IN THE POWER TOOLS MARKET
      • CONNECTED ASSEMBLY POWER TOOLS
      • BRUSHLESS DC MOTORS (BLDC)
      • HIGH-DENSITY LITHIUM-ION (LI-ION) BATTERIES
      • WIRELESS CHARGING TECHNOLOGY
  • POWER TOOLS MARKET, BY MODE OF OPERATION
    • INTRODUCTION
      • Table POWER TOOLS MARKET, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
    • ELECTRIC
      • Table ELECTRIC POWER TOOLS MARKET, BY TOOL TYPE, 2014-2023 (USD BILLION)
      • Table ELECTRIC POWER TOOLS MARKET, BY APPLICATION, 2014-2023 (USD BILLION)
      • Table ELECTRIC POWER TOOLS MARKET, BY INDUSTRY, 2014-2023 (USD BILLION)
      • Table ELECTRIC POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table ELECTRIC POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table ELECTRIC POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table ELECTRIC POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table ELECTRIC POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table ELECTRIC POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
      • Table ELECTRIC POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATION, BY REGION, 2014-2023 (USD BILLION)
      • CORDED TOOLS
      • CORDLESS TOOLS
        • Table ELECTRIC POWER TOOLS MARKET, BY POWER SOURCE, 2014-2023 (USD BILLION)
    • PNEUMATIC
      • Table PNEUMATIC POWER TOOLS MARKET, BY TOOL TYPE, 2014-2023 (USD BILLION)
      • Table PNEUMATIC POWER TOOLS MARKET, BY INDUSTRY, 2014-2023 (USD BILLION)
      • Table PNEUMATIC POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table PNEUMATIC POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2014- 2023 (USD MILLION)
      • Table PNEUMATIC POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table PNEUMATIC POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table PNEUMATIC POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table PNEUMATIC POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
    • OTHER TOOLS
      • Table OTHER POWER TOOLS MARKET, BY TOOL TYPE, 2014-2023 (USD BILLION)
      • Table OTHER POWER TOOLS MARKET, BY INDUSTRY, 2014-2023 (USD BILLION)
      • Table OTHER POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OTHER POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OTHER POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2014-2023
      • Table OTHER POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OTHER POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OTHER POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
  • POWER TOOLS MARKET, BY TOOL TYPE
    • INTRODUCTION
      • Table POWER TOOLS MARKET, BY TOOL TYPE, 2014-2023 (USD BILLION)
    • DRILLING AND FASTENING/DRIVING TOOLS
      • DRILLS
      • IMPACT DRIVERS
      • IMPACT WRENCHES
      • SCREWDRIVERS AND NUTRUNNERS
        • Table DRILLING AND FASTENING TOOLS MARKET, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
    • DEMOLITION TOOLS
      • ROTARY HAMMERS/HAMMER DRILLS/DEMOLITION HAMMERS
        • Table DEMOLITION TOOLS MARKET, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
    • SAWING AND CUTTING TOOLS
      • JIGSAWS
      • RECIPROCATING SAWS
      • CIRCULAR SAWS
      • BAND SAWS
      • SHEARS AND NIBBLERS
        • Table SAWING AND CUTTING TOOLS MARKET, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
    • MATERIAL REMOVAL TOOLS
      • SANDERS/POLISHERS/BUFFERS
      • GRINDERS
        • Table MATERIAL REMOVAL TOOLS MARKET, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
    • ROUTING TOOLS
      • ROUTERS/PLANERS/JOINERS
        • Table ROUTING TOOLS MARKET, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
    • OTHERS
      • Table OTHER TOOLS MARKET, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
  • POWER TOOLS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table POWER TOOLS MARKET, BY APPLICATION, 2014-2023 (USD BILLION)
    • INDUSTRIAL/PROFESSIONAL
      • Table POWER TOOLS MARKET, BY INDUSTRIAL APPLICATION 2014-2023 (USD BILLION)
      • Table POWER TOOLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2014-2023 (USD BILLION)
      • CONSTRUCTION
        • Table POWER TOOLS MARKET IN CONSTRUCTION INDUSTRY, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
        • Table POWER TOOLS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD BILLION)
      • AUTOMOTIVE
        • Table POWER TOOLS MARKET IN AUTOMOTIVE INDUSTRY, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
        • Table POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2014-2023 (USD BILLION)
      • AEROSPACE
        • Table POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
        • Table POWER TOOLS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2014-2023 (USD BILLION)
      • ENERGY
        • Table POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
        • Table POWER TOOLS MARKET FOR ENERGY INDUSTRY, BY REGION, 2014-2023 (USD BILLION)
      • SHIPBUILDING
        • Table POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY MODE OF OPERATION, 2014-2023 (USD MILLION)
        • Table POWER TOOLS MARKET FOR SHIPBUILDING INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • OTHER INDUSTRIES
        • Table POWER TOOLS MARKET FOR OTHER INDUSTRIES, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
        • Table POWER TOOLS MARKET FOR OTHERS INDUSTRIES, BY REGION, 2014-2023 (USD BILLION)
    • RESIDENTIAL/DIY
      • Table ELECTRIC POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2014-2023 (USD BILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table POWER TOOLS MARKET, BY REGION, 2014-2023 (USD BILLION)
    • NORTH AMERICA
      • Table POWER TOOLS MARKET IN NORTH AMERICA, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
      • Table POWER TOOLS MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2014-2023 (USD BILLION)
      • Table POWER TOOLS MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD BILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table POWER TOOLS MARKET IN EUROPE, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
      • Table POWER TOOLS MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2014-2023 (USD BILLION)
      • Table POWER TOOLS MARKET IN EUROPE, BY COUNTRY, 2014-2023 (USD BILLION)
      • GERMANY
      • FRANCE
      • UK
      • ITALY
      • REST OF EUROPE
    • APAC
      • Table POWER TOOLS MARKET IN APAC, BY MODE OF OPERATION, 2014-2023 (USD BILLION)
      • Table POWER TOOLS MARKET IN APAC, BY INDUSTRIAL APPLICATION, 2014-2023 (USD BILLION)
      • Table POWER TOOLS MARKET IN APAC, BY COUNTRY, 2014-2023 (USD BILLION)
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • REST OF APAC
    • ROW
      • Table POWER TOOLS MARKET IN ROW, BY MODE OF OPERATION, 2014-2023 (USD MILLION)
      • Table POWER TOOLS MARKET IN ROW, BY INDUSTRIAL APPLICATION, 2014-2023 (USD MILLION)
      • Table POWER TOOLS MARKET IN ROW, BY REGION, 2014-2023 (USD BILLION)
      • SOUTH AMERICA
      • MIDDLE EAST AND AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING ANALYSIS OF PLAYERS IN POWER TOOLS MARKET
      • Table POWER TOOLS MARKET PLAYERS' RANKING ANALYSIS (2016)
    • COMPETITIVE SITUATIONS AND TRENDS
      • BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES AND DEVELOPMENTS EMERGED AS KEY STRATEGIES
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table MOST SIGNIFICANT PRODUCT LAUNCHES IN THE POWER TOOLS MARKET, 2017
      • ACQUISITIONS AND COLLABORATIONS
        • Table MOST SIGNIFICANT ACQUISITIONS AND COLLABORATIONS IN THE POWER TOOLS MARKET, 2015-2017
      • EXPANSIONS
        • Table MOST SIGNIFICANT EXPANSIONS IN THE POWER TOOLS MARKET, 2015-2017
  • COMPANY PROFILES
    • INTRODUCTION
    • KEY PLAYERS
      • ATLAS COPCO
      • STANLEY BLACK & DECKER
      • ROBERT BOSCH
      • INGERSOLL-RAND
      • HILTI
      • TECHTRONIC INDUSTRIES (TTI)
      • MAKITA
      • HITACHI KOKI
      • SNAP-ON
      • APEX TOOL GROUP
    • KEY INNOVATORS
      • URYU SEISAKU
      • POSITEC GROUP
      • CS UNITEC
      • DEPRAG SCHULZ
      • FRIEDRICH DUSS
    • OTHER KEY PLAYERS
      • C. & E. FEIN
      • EMERSON ELECTRIC
      • INTERSKOL
      • PANASONIC
      • CHEVRON GROUP
      • ILLINOIS TOOL WORKS (ITW)
      • FERM
      • AIMCO GLOBAL
      • TTS TOOLTECHNIC SYSTEMS (FESTOOL)
      • KYOCERA
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE FOR THE POWER TOOLS MARKET
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORT
    • AUTHOR DETAILS

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