24/7 Customer Support

Power Tools Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Power Tools Market: By Tool Type (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, and Others); Mode of Operation (Electric, Pneumatic, and Hydraulic); Application (Industrial and Residential); and Region)—Industry Dynamics, Market Size and Opportunity Forecast, 2023-2031

  • Published Date: Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322154  | Delivery: 2 to 4 Hours
Power Tools Market

View Full Infographic


Report AttributeDetails
Market Size Value in 2022US$ 33,487.7 Mn
Expected Revenue in 2031US$ 52,329 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Tool Type, By Mode of Operation, By Application, By Region
Key Companies                                                                                                                3M, ANDREAS STIHL AG & Co. KG, APEX Tool Group, LLC, Atlas Copco AB, C. & E. FEIN GmbH, Delta Power Equipment Corporation, Emerson Electric Co., Ferm International B.V., Festool GmbH, Hilti Corporation, Husqvarna AB, Ingersoll-Rand, Interskol, KOKI Holdings Co. Ltd., Kyocera Corporation, Makita Corporation, Panasonic Corporation, Robert Bosch GmbH, Snap-On, Stanley, Black & Decker, Inc., Techtronic Industries (TTI), Positec Tool Group, Uryu Seisaku, Ltd., CS Unitec, Fortive Corporation, Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization


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$ 33,487.7 Mn in 2022.

Global Power Tools Market is estimated to witness a compounded annual growth rate of 5.9% over the forecast period 2023-2031.

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 2022.

Electric mode of operation segment has the highest share in the power tools market in 2022.

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

North America dominates the Global Power Tools Market in 2022.

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.