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Power Tools Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Power Tools Market- (By Tool Type - Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, and Others; By Mode of Operation – Electric, Pneumatic, and Hydraulic; By Application – Industrial and Residential; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 02-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322154
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Power Tools Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 31,994.7 Mn
Expected Revenue in 2027US$ 43,278.3 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR5.2%
Segments coveredBy Tool Type,  Mode of Operation, Application,  and Region
Key CompaniesRobert Bosch GmbH, Stanley Black & Decker, Inc., Hilti Corporation, Techtronic Industries Co. Ltd.,  and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Power tools are primarily used to cut, wrench, saw drill and polish materials.

Power tools are used by various industries such as construction, automotive, aerospace, energy, and shipbuilding among others.

Global Power Tools Market was valued at US$ 31,994.7 Mn in 2021.

Global Power Tools Market is estimated to witness a compounded annual growth rate of 5.2% over the forecast period 2022-2027.

The growth of power tools market is attributed to factors such as growing application of power tools in construction industry and rising adoption of cordless power tools globally.

The growing use of drills, sanders, wrenches, and other tools in the construction industry is augmenting the demand for power tools.

The high maintenance cost along with regular price fluctuations in raw materials of power tools are limiting the growth of the power tools market globally.

Growing emergence of smart connectivity in power tools industry is an emerging opportunity in the market.

The drilling and fastening tools segment is estimated to have the highest market share in 2021.

Electric mode of operation segment has the highest share in the power tools market in 2021.

Industrial application segment holds the highest share in the power tools market globally. 

North America dominates the Global Power Tools Market in 2021.

The key players in the global power tools market are Robert Bosch GmbH, Stanley Black & Decker, Inc., Hilti Corporation, Techtronic Industries Co. Ltd., and Makita among others.