Techtronic Industries Co. Ltd., Stanley Black & Decker, Inc. and Makita Corporation are Dominating the Global Power Tools Market in 2019

Global Power Tools Market is expected to grow with the CAGR of 4.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global power tools market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global power tools market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2020, Milwaukee, a power tool division of Techtronic Industries Co. Ltd. launched Cordless 1” D-Handle High Torque Impact Wrench, this product will be used in fastening applications of 2” bolts and features with 2,000 ft-lbs of nut-busting torque.

Techtronic Industries Co. Ltd. is the dominating player in global power tools market. The other key players existing in the market includes 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), Apex Tool Group, LLC, INTERSKOL, Ferm International B.V., 3M, Delta Power Equipment Corporation, C. & E. Fein GmbH among others.

Techtronic Industries Co. Ltd.:  

Techtronic Industries Co. Ltd. is headquartered in Hong Kong, China and was founded in year 1985. The company focuses on providing power tools, outdoor power equipment, hand tools and accessories for infrastructure and construction and for various industrial users. The company operates in power equipment, floor care and appliances segments out of which power equipment is market focused segment. The company offers wide range of brand categories such as Milwaukee, Empire, AEG, Ryobi, Homelite, Hoover, Dirt Devil, Vax, Oreck in which Milwaukee, AEG, Ryobi are market focused categories.

For instance,

  • In May 2020, Milwaukee, a power tool division of Techtronic Industries Co. Ltd. launched MX FUEL Breaker. It is the new demolition tool which is powered by battery and offering low vibration and light weight with the capacity of breaking 2 tons per charge.

The company has wide global presence across North America, Europe, Middle East and Africa, Asia-Pacific, and South America with its various subsidiaries such as Milwaukee Electric Tool (U.S.), Ryobi (Japan), Hoover (U.S.), Homelite Corporation (U.S.), Vax (U.K.) among others.

Stanley Black & Decker, Inc.:

Stanley Black & Decker, Inc. is headquartered in Connecticut, U.S. and was founded in 1843. The company focuses in providing tools and storage products through their various brands such as Stanley, Dewalt, Black+Decker and others. The company operates in business segments such as tools & storage, industry, and security out of which tools & storage is the market focused segment. The company offers brand categories such as Stanley, Dewalt, Black + Decker, Craftsman, Irwin Tools, Porter + Cable, Facom, Lenox, Lista, Stanley Engineered Fastening, Mac Tools, Stanley Security, Vidmar, Bostitch, Stanley Healthcare, Stanley Infrastructure, Sonitrol, Stanley Access Technologies, Proto, AeroScout, Paladin, Pengo, CAM out of which Dewalt, Black + Decker, Craftsman, Porter + Cable, and Bostitch are market focused categories.

For instance,

  • In September 2019, CRAFTSMAN, a power tool division of Stanley Black & Decker, Inc. launched V20* Cordless System, this new cordless system comprises of power tools such as V20* Cordless Wet Tile Saw with 17-inch cut capacity.

The company has wide global presence across Americas, Europe, Asia-Pacific, Middle East and Africa and generates revenue from subsidiaries such as DEWALT (U.S.), BLACK+DECKER (U.S.), Facom (France), Irwin Industrial Tools (U.S.), Proto (U.S.) among others.

Makita Corporation: 

Makita Corporation headquartered in Aichi, Japan was founded in 1915. The company focuses in production and selling of electric power tools, household equipment, pneumatic tools, gardening equipment. The company offers product categories such as cordless, drilling / fastening, impact drilling / demolition, cutting (new material, masonry), grinding / sanding, sawing, planing / routering, pneumatic, outdoor power equipment, dust extraction out of which cordless, drilling / fastening, impact drilling / demolition, cutting (new material, masonry), grinding / sanding, sawing, outdoor power equipment are the market focused categories.

For instance,

  • In April 2017, Makita Corporation expanded its business with its new office building in New Zealand which is built with a larger warehouse for the production of cordless products. The new building has also features with maintenance of the supply of products. 

The company has presence across the globe in Americas, Africa & Middle East, Asia/Oceania, and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Dolmar (Germany), Makita (Australia) Pty Limited (Australia), Makita U.S.A., Inc. (U.S.), Makita Corporation of America (U.S.) Makita (China) Co., Ltd. (China) among others.