Power Tools Market OverviewPower 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 OverviewBased 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
- Pneumatic
- Others
Power Tools Market, By Application
· Industrial
· Construction
· Automotive
· Aerospace
· Others
· Do-It-Yourself (DIY)
Power Tools Regional OverviewIn 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 overviewSome 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
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
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
