Global Power Tools Market, By Product (Drills, Saws, Wrenches, Grinders, Sanders, Others), By Mode of Operation (Electric [Corded, Cordless], Pneumatic, Others), By Application (Industrial, Construction, Automotive, Aerospace, Others, Do-It-Yourself (DIY)), and opportunities and forecast 2020-2027
Power Tools Market Overview
Power tools are those tools that are triggered by a power source instead of physical work. Power tools are in large demand across sectors owing to their high efficiency and hassle-free use, along with their mobility, decreased use of labor, and time. The global Power Tools market is expected to rise at a considerable rate in the forthcoming years.
In the coming period, the demand for power tools is anticipated to increase due to increased usage in the construction and automotive industries. Fastening tasks abound on automobile manufacturing and assembly lines. These uses are expected to heighten the demand for power tools in the near future. Eventually, it boosts the growth of the global Power Tools market. Furthermore, power tools help to lessen the time spent on needless, repetitive activities while also increasing efficiency. As a result, power tools are progressively being employed by manufacturers of vehicles and providers of automotive maintenance and repair service solutions. Similarly, the construction industry's increased usage of wrenches, sanders, drills, and other equipment is rising demand for these items. Owing to their high mobility and simplicity of use, power tools are becoming more common in-home applications. This key fact is expected to contribute more to the global Power Tools market expansion during the forecast period.
Covid-19 Impact on Power Tools Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Power Tools Market Segment Overview
Based on the Product, the Drills segment dominated the market and is predicted to continue its dominance in the forecast period. Drills are easy to use, cheaper as compared to other power tools, and are generally used in industrial and household applications. In addition, drills are also prominently used as a basic repair and maintenance tool. All these crucial factors are escalating the growth of the segment. According to Mode of Operation, the Electric segment accounted for the largest share of the market. The large share is attributed to the easy mobility and operation efficiency of electric tools. The arrival of powerful battery packs has resulted in the increased power of electric tools.
Power Tools Market, By Product · Drills · Saws · Wrenches · Grinders · Sanders · Others
Power Tools Market, By Mode of Operation
Electric
Corded
Cordless
Pneumatic
Others
Power Tools Market, By Application · Industrial · Construction · Automotive · Aerospace · Others · Do-It-Yourself (DIY)
Power Tools Regional Overview
In terms of region, North America is a significant shareholder of the Power Tools market. Increasing infrastructure development and industrial expansion in the region are key reasons for the growth of the market in this region. Moreover, the unavailability of cheap labor helps in the adoption of DIY jobs, this fact contributing more to the market’s growth in this region. Similarly, the market of the Asia Pacific is projected to grow at the fastest rate owing to the thriving automotive industry in countries such as India and China. Growing disposable income, rising construction & infrastructure development activities are key factors escalating the growth of the regional market. Further, the market in Europe is expected to witness healthy growth in the future. The presence of manufacturing and production plants across several countries of the European Union is boosting the growth of the market in this region.
Power Tools Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Power Tools Market Competitor overview
Some key developments and strategies adopted by manufacturers in Power Tools are highlighted below.
· In September 2021, Bosch Power Tools, a global leader for power tools and power tool accessories, expands its comprehensive line of woodworking and wood cutting solutions with the introduction of its 12V and 18V cordless sanders, the GEX12V-5 Brushless 5 In. Random Orbit Sander and GEX18V-5 Brushless 5 In. Random Orbit Sander. Delivering one of the best user experiences on the market, the new cordless sanders feature brushless motors and are designed for optimal balance and convenience. Thus, allowing users to tackle hard-to-reach work areas with power, control, and precision.
Power Tools Market, Key Players
· Koki Holdings Co., Ltd. · Atlas Copco AB · Ingersoll-Rand plc · Emerson Electric Co. · Hilti Corporation · Makita Corporation · Snap-on Incorporated · Robert Bosch GmbH
Power Tools Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Power Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product
5.2.1. Drills
5.2.2. Saws
5.2.3. Wrenches
5.2.4. Grinders
5.2.5. Sanders
5.2.6. Others
5.3. Market Analysis, Insights and Forecast – By Mode of Operation
5.3.1. Electric
5.3.1.1. Corded
5.3.1.2. Cordless
5.3.2. Pneumatic
5.3.3. Others
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. Industrial
5.4.2. Construction
5.4.3. Automotive
5.4.4. Aerospace
5.4.5. Others
5.4.6. Do-It-Yourself (DIY)
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America, Middle East and Africa
6. North America Power Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Product
6.2.1. Drills
6.2.2. Saws
6.2.3. Wrenches
6.2.4. Grinders
6.2.5. Sanders
6.2.6. Others
6.3. Market Analysis, Insights and Forecast – By Mode of Operation
6.3.1. Electric
6.3.1.1. Corded
6.3.1.2. Cordless
6.3.2. Pneumatic
6.3.3. Others
6.4. Market Analysis, Insights and Forecast – By Application
6.4.1. Industrial
6.4.2. Construction
6.4.3. Automotive
6.4.4. Aerospace
6.4.5. Others
6.4.6. Do-It-Yourself (DIY)
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Power Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Product
7.2.1. Drills
7.2.2. Saws
7.2.3. Wrenches
7.2.4. Grinders
7.2.5. Sanders
7.2.6. Others
7.3. Market Analysis, Insights and Forecast – By Mode of Operation
7.3.1. Electric
7.3.1.1. Corded
7.3.1.2. Cordless
7.3.2. Pneumatic
7.3.3. Others
7.4. Market Analysis, Insights and Forecast – By Application
7.4.1. Industrial
7.4.2. Construction
7.4.3. Automotive
7.4.4. Aerospace
7.4.5. Others
7.4.6. Do-It-Yourself (DIY)
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK
7.5.2. Germany
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia Pacific Power Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Product
8.2.1. Drills
8.2.2. Saws
8.2.3. Wrenches
8.2.4. Grinders
8.2.5. Sanders
8.2.6. Others
8.3. Market Analysis, Insights and Forecast – By Mode of Operation
8.3.1. Electric
8.3.1.1. Corded
8.3.1.2. Cordless
8.3.2. Pneumatic
8.3.3. Others
8.4. Market Analysis, Insights and Forecast – By Application
8.4.1. Industrial
8.4.2. Construction
8.4.3. Automotive
8.4.4. Aerospace
8.4.5. Others
8.4.6. Do-It-Yourself (DIY)
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. Australia
8.5.5. South East Asia
8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Power Tools Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Product
9.2.1. Drills
9.2.2. Saws
9.2.3. Wrenches
9.2.4. Grinders
9.2.5. Sanders
9.2.6. Others
9.3. Market Analysis, Insights and Forecast – By Mode of Operation
9.3.1. Electric
9.3.1.1. Corded
9.3.1.2. Cordless
9.3.2. Pneumatic
9.3.3. Others
9.4. Market Analysis, Insights and Forecast – By Application
9.4.1. Industrial
9.4.2. Construction
9.4.3. Automotive
9.4.4. Aerospace
9.4.5. Others
9.4.6. Do-It-Yourself (DIY)
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. Brazil
9.5.2. Saudi Arabia
9.5.3. UAE
9.5.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. Koki Holdings Co., Ltd.
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. Atlas Copco AB
10.6. Ingersoll-Rand plc
10.7. Emerson Electric Co.
10.8. Hilti Corporation
10.9. Makita Corporation
10.10. Snap-on Incorporated
List of Figures
Figure 1: Global Power Tools Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Power Tools Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Power Tools Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Power Tools Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Power Tools Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Power Tools Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Power Tools Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Power Tools Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Power Tools Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Power Tools Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Power Tools Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Power Tools Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Power Tools Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Power Tools Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Power Tools Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Power Tools Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Power Tools Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Power Tools Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Power Tools Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Power Tools Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Power Tools Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Power Tools Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Power Tools Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Power Tools Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Power Tools Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Power Tools Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Power Tools Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Power Tools Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Power Tools Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Power Tools Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Power Tools Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Power Tools Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Power Tools Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Power Tools Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Power Tools Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Power Tools Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Power Tools Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Power Tools Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Power Tools Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Power Tools Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Power Tools Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Power Tools Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Power Tools Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Power Tools Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Power Tools Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Power Tools Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Power Tools Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Power Tools Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Power Tools Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Power Tools Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Power Tools Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Power Tools Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Power Tools Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Power Tools Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Power Tools Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Power Tools Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Power Tools Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Power Tools Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Power Tools Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Power Tools Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Power Tools Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Power Tools Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Power Tools Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Power Tools Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Power Tools Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Power Tools Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Power Tools Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Power Tools Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Power Tools Market Revenue (USD Billion) Forecast, by Country, 2016-2027
