Global Power Tools Market is Expected to Grow at 4.7% in the Forecast Period of 2020 to 2027

The power tools industry is anticipated to augment business growth in the prediction interval of 2020 to 2027 advancing at an annual growth comparison of 4.70% in the stated forecast interval with factor such as increasing need for advanced tools for better productivity in various industry verticals.

Power tools market has shown an exceptional penetration in countries such as the U.S., China, and India. Advancement in technologies is increasing the penetration in developed countries. In developing countries, government initiative to start new infrastructure projects is boosting the market.

Power Tools Market Scenario

According to Data Bridge Market Research, the market for power tools in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is Techtronic Industries Co. Ltd. which accounts an estimated market share of approximately 15% to 25% in the North America region. The company has gained outstanding sales through their industrial product which includes drilling and breaking tools, fastening tools, angle grinder and others.

Power Tools MarketTrends Impacting the Market

Now the question is which other regions Techtronic Industries Co. Ltd., Stanley Black & Decker, Inc. and Makita Corporation are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific power tools market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2020.

The power tools market is becoming more competitive every year with companies such as Techtronic Industries Co. Ltd., Stanley Black & Decker, Inc. and Makita Corporation as they are the market leaders for power tools market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Power tools market.

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Power Tools Market Development in 2019

  • In September 2019, CRAFTSMAN, a power tool brand of Stanley Black & Decker, Inc. announced the launch of V20* Cordless System. The new cordless system included power tools such as V20* Cordless Wet Tile Saw with 17-inch cut capacity. The new system enhanced the product portfolio of the company.

Scope of the Power Tools Market

Global power tools market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and rest of Middle East & Africa.

  • All country based analysis of power tools market is further analyzed based on further segmentation. On the basis of type, the market is segmented into sawing and cutting tools, drilling and fastening tools, demolition tools, routing tools, portable nibblers, air-powered tools, material removal tools, electric cords and plugs, accessories, and others. On the basis of mode of operation, the market is segmented into electric, liquid fuel tool, hydraulic, pneumatic, and powder-actuated tools. On the basis of application, the market is segmented into concrete and construction, woodworking, metalworking, welding, and others. On the basis of material, the market is segmented into concrete, wood/metal, brick/block, glass, and others. On the basis of end user, the market is segmented into industrial/professional, and residential. On the basis of sales channel, the market is segmented into indirect sales, and direct sales.

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Key Pointers Covered in Power Tools Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Atlas Copco AB
  • Stanley Black & Decker, Inc.
  • Snap-on Incorporated
  • Robert Bosch GmbH
  • Koki Holdings Co., Ltd.
  • Emerson Electric Co.
  • Festool GmbH
  • KYOCERA Corporation
  • Ingersoll Rand
  • Makita Corporation
  • Hilti AG
  • Husqvarna AB
  • Panasonic Corporation of North America (A subsidiary of Panasonic Corporation)
  • Techtronic Industries Co. Ltd
  • Apex Tool Group, LLC.
  • Ferm International B.V.
  • 3M
  • Delta Power Equipment Corporation
  • C. & E. Fein GmbH

Above are the key players covered in the report, to know about more and exhaustive list of power tools companies’, contact us

Research Methodology: Global Power Tools Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Managers, Automobile Industry, and Construction Industry
  • Supply Side: Service Providers, Product Managers, Power Tools Manufacturer, Marketing Managers, C-Level Executives, Distributors, and Regulatory Affairs Managers among others.

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