The latest update of “Global Power Tools Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Power Tools Market.
Overview of the Power Tools Market:
Power Tools have become ubiquitous, making their presence felt in many different industries. Hand and power tools are useful for simple household tasks, such as sanding, painting, and woodworking. Although hand tools are convenient, power tools are more effective for jobs that require a lot of precision and speed. There are several types of power tools available in the market. Circular saws, miter saws, table saws, and angle grinders are useful for cutting metal and wood. Wood routers are great for cutting grooves and patterns in wood.
Market Drivers:
Growth in construction industry in developing countries, increasing demand for power tools in automotive industry is expected to propel growth of the global power tools market over the forecast period. In 2021 Union Budget, the government of India allocated US$ 1.89 Bn for initiatives such as Housing For All and Smart Cities Mission in the country.
Moreover, increasing adoption of wireless power tools across the globe, and rising demand for electric fastening tools is also anticipated to boost growth of the global power tools market during the forecast period.
Market Restraints:
High cost of repair and replacement of parts of power tools and fluctuations in prices of raw material are expected to restrain growth of the global power tools market over the forecast period.
Regional Insights:
Asia Pacific is projected to witness substantial growth in the global power tools market over the forecast period due to increasing industrialization, urbanization and infrastructural development in the region, specifically in India. Moreover, Latin America is expected to witness moderate growth in the global power tools market during the forecast period. This is attributed to stable growth in industrial sector of the region.
Competitive Section:
Major players operating in the global power tools market are ANDREAS STIHL AG & Co. KG, Robert Bosch GmbH, CHERVON (China) Trading Co., Ltd., Stanley, Black & Decker, Inc., Carborundum Universal Limited, Hilti Corporation, Enerpac Tool Group, Atlas Copco AB, Techtronic Industries Co. Ltd., Makita Corporation, Ingersoll Rand, Emerson Electric Co., and Hitachi Koki Ltd.
In November 2021, Bosch Power Tools, a leading provider of power tools and accessories launched X-LOCK, its new patented innovative system for quick and keyless changing of accessories, in India.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Power Tools Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Power Tools Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Robert Bosch GmbH (Germany)
- Stanley, Black & Decker, Inc. (U.S.)
- Hilti Corporation (Liechtenstein)
- Atlas Copco AB (Sweden)
- Makita Corporation (Japan)
- Emerson Electric Co. (U.S.)
- Hitachi Koki Ltd. (Japan)
- Ingersoll Rand (U.S.)
- Techtronic Industries Co. Ltd. (Hong Kong)
- Enerpac Tool Group (U.S.)
- Carborundum Universal Limited (India)
- CHERVON (China) Trading Co., Ltd. (China)
- ANDREAS STIHL AG & Co. KG (
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Power Tools Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Electric
- Pneumatic
- Others (Hydraulic, etc.)
By Applications, the market is segmented into:
- Drilling & Fastening Tools
- Material Removal Tools
- Sawing and Cutting tools
- Demolition Tools
- Others (Routing Tools etc.)
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Power Tools Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Power Tools Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Power Tools Market
1.6.1 How the Covid-19 is Affecting the Power Tools Market
1.6.1.1 Power Tools Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Power Tools Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Power Tools Market Perspective (2015-2028)
2.2 Power Tools Market Growth Trends by Regions
2.2.1 Power Tools Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Power Tools Market Historic Market Share by Regions (2015-2021)
2.2.3 Power Tools Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Power Tools Market Growth Strategy
2.3.6 Primary Interviews with Key Power Tools Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Power Tools Market Players by Market Size
3.1.1 Global Top Power Tools Market Players by Revenue (2015-2021)
3.1.2 Global Power Tools Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Power Tools Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Power Tools Market Concentration Ratio
3.2.1 Global Power Tools Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Power Tools Market Revenue in 2019
3.3 Power Tools Market Key Players Head office and Area Served
3.4 Key Players Power Tools Market Product Solution and Service
3.5 Date of entering into Power Tools Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Power Tools Market Historic Market Size by Type (2015-2021)
4.2 Global Power Tools Market Forecasted Market Size by Type (2021-2028)
5 Power Tools Market Breakdown Data by Application (2015-2028)
5.1 Global Power Tools Market Size by Application (2015-2021)
5.2 Global Power Tools Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Power Tools Market Size (2015-2021)
6.2 Power Tools Market Key Players in North America (2019-2021)
6.3 North America Power Tools Market Size by Type (2015-2021)
6.4 North America Power Tools Market Size by Application (2015-2021)
7 Europe
7.1 Europe Power Tools Market Size (2015-2021)
7.2 Power Tools Market Key Players in Europe (2019-2021)
7.3 Europe Power Tools Market Size by Type (2015-2021)
7.4 Europe Power Tools Market Size by Application (2015-2021)
8 China
8.1 China Power Tools Market Size (2015-2021)
8.2 Power Tools Market Key Players in China (2019-2021)
8.3 China Power Tools Market Size by Type (2015-2021)
8.4 China Power Tools Market Size by Application (2015-2021)
9 Japan
9.1 Japan Power Tools Market Size (2015-2021)
9.2 Power Tools Market Key Players in Japan (2019-2021)
9.3 Japan Power Tools Market Size by Type (2015-2021)
9.4 Japan Power Tools Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Power Tools Market Size (2015-2021)
10.2 Power Tools Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Power Tools Market Size by Type (2015-2021)
10.4 Southeast Asia Power Tools Market Size by Application (2015-2021)
11 India
11.1 India Power Tools Market Size (2015-2021)
11.2 Power Tools Market Key Players in India (2019-2021)
11.3 India Power Tools Market Size by Type (2015-2021)
11.4 India Power Tools Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Power Tools Market Size (2015-2021)
12.2 Power Tools Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Power Tools Market Size by Type (2015-2021)
12.4 Central & South America Power Tools Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Power Tools Market Introduction
13.4 Power Tools Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Power Tools Market Key Market Segments
Table 2. Key Players Covered: Ranking by Power Tools Market Revenue
Table 3. Ranking of Global Top Power Tools Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Power Tools Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Power Tools Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Power Tools Market Players to Combat Covid-19 Impact
Table 10. Global Power Tools Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Power Tools Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Power Tools Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Power Tools Market Share by Regions (2015-2021)
Table 14. Global Power Tools Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Power Tools Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Power Tools Market Growth Strategy
Table 20. Main Points Interviewed from Key Power Tools Market Players
Table 21. Global Power Tools Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Power Tools Market Share by Players (2015-2021)
Table 23. Global Top Power Tools Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Power Tools Market as of 2019)
Table 24. Global Power Tools Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Power Tools Market Product Solution and Service
Table 27. Date of entering into Power Tools Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Power Tools Market Size by Type (2015-2021) (Million US$)
Table 30. Global Power Tools Market Size Share by Type (2015-2021)
Table 31. Global Power Tools Market Revenue Market Share by Type (2021-2028)
Table 31. Global Power Tools Market Size Share by Application (2015-2021)
Table 33. Global Power Tools Market Size by Application (2015-2021) (Million US$)
Table 34. Global Power Tools Market Size Share by Application (2021-2028)
Table 35. North America Key Players Power Tools Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Power Tools Market Share (2019-2021)
Table 37. North America Power Tools Market Size by Type (2015-2021) (Million US$)
Table 38. North America Power Tools Market Share by Type (2015-2021)
Table 39. North America Power Tools Market Size by Application (2015-2021) (Million US$)
Table 40. North America Power Tools Market Share by Application (2015-2021)
Table 41. Europe Key Players Power Tools Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Power Tools Market Share (2019-2021)
Table 43. Europe Power Tools Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Power Tools Market Share by Type (2015-2021)
Table 45. Europe Power Tools Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Power Tools Market Share by Application (2015-2021)
Table 47. China Key Players Power Tools Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Power Tools Market Share (2019-2021)
Table 49. China Power Tools Market Size by Type (2015-2021) (Million US$)
Table 50. China Power Tools Market Share by Type (2015-2021)
Table 51. China Power Tools Market Size by Application (2015-2021) (Million US$)
Table 52. China Power Tools Market Share by Application (2015-2021)
Table 53. Japan Key Players Power Tools Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Power Tools Market Share (2019-2021)
Table 55. Japan Power Tools Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Power Tools Market Share by Type (2015-2021)
Table 57. Japan Power Tools Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Power Tools Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Power Tools Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Power Tools Market Share (2019-2021)
Table 61. Southeast Asia Power Tools Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Power Tools Market Share by Type (2015-2021)
Table 63. Southeast Asia Power Tools Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Power Tools Market Share by Application (2015-2021)
Table 65. India Key Players Power Tools Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Power Tools Market Share (2019-2021)
Table 67. India Power Tools Market Size by Type (2015-2021) (Million US$)
Table 68. India Power Tools Market Share by Type (2015-2021)
Table 69. India Power Tools Market Size by Application (2015-2021) (Million US$)
Table 70. India Power Tools Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Power Tools Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Power Tools Market Share (2019-2021)
Table 73. Central & South America Power Tools Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Power Tools Market Share by Type (2015-2021)
Table 75. Central & South America Power Tools Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Power Tools Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Power Tools Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Power Tools Market Share by Type: 2021 VS 2028
Figure 2. Global Power Tools Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Power Tools Market Report Years Considered
Figure 8. Global Power Tools Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Power Tools Market Share by Regions: 2021 VS 2028
Figure 10. Global Power Tools Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Power Tools Market Share by Players in 2019
Figure 13. Global Top Power Tools Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Power Tools Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Power Tools Market Revenue in 2019
Figure 15. North America Power Tools Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Power Tools Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Power Tools Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Power Tools Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Power Tools Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Power Tools Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Power Tools Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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