The global Power Tools Market By 2024 is expected to witness significant growth, with its market size projected to increase from USD 27.51 billion in 2023 to 2032 by USD 40.20 billion. This reflects a compound annual growth rate (CAGR) of 4.4% over the forecast period. This report highlights industry growth trends, key drivers such as cost-effective solutions and sustainable practices, and emerging opportunities across residential, commercial, and industrial sectors.

The Power Tools Market comprises key manufacturers such as 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.) Expansions, collaborations, and deals were some of the major strategies adopted by these key players to enhance their positions in the Power Tools Market.

Market Scope:

Featuring in-depth analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address challenges in the Power Tools Market. Key recent industry developments include;

  • Makita UK extended its outdoor power tools segment with its advanced ‘XGT 40VMax machines’. It includes UR002G 40VMax Cutter and 40VMax Hedge Trimmer that are brushless.
  • Makita Corporation introduced an advanced nailer named 18 Gauge 2” Brad Nailer (AF506). It is a battery-operated power tool with better ergonomics. It can be used on hard and soft wooden surfaces.
  • Hilti Corporation announced an expansion of its rotary hammer segment and combination portfolio with an introduction ‘TE 70-ATC/AVR’, the powerful SDS-Max-Combination Hammer. The newly presented tool delivers ~40% sooner concrete drilling.
  • Robert Bosch GmbH introduced cult screwdriver ‘Ixo Classic’ that is utilized for precise screwdriving on sensitive materials. 30% shorter charging time attributed to the electronic updates results in re-use of this tool within two hours.

Power Tools Market Highlights:

The report provides valuable insights into the Compound Annual Growth Rate (CAGR) of the Power Tools Market, projecting its growth from 2023 to 2032. It offers a comprehensive analysis of the key drivers fueling market expansion, highlighting the factors that will propel growth during the forecast period. Additionally, the report delivers precise estimates of the market size and share, helping stakeholders understand the Power Tools Market’s position in the broader industry.

Future trends and consumer behavior forecasts are also covered, offering a forward-looking perspective on market shifts. The report includes a regional growth analysis, breaking down the performance of the Power Tools Market across;

  • North America (By Mode of Operation, Tool Type, Application, and Country)
    • U.S. (By Mode of Operation)
    • Canada (By Mode of Operation)
  • Europe (By Mode of Operation, Tool Type, Application, and Country)
    • Germany (By Mode of Operation)
    • U.K. (By Mode of Operation)
    • France (By Mode of Operation)
    • Rest of Europe
  • Asia Pacific (By Mode of Operation, Tool Type, Application, and Country)
    • China (By Mode of Operation)
    • India (By Mode of Operation)
    • Japan (By Mode of Operation)
    • Southeast Asia (By Mode of Operation)
    • Rest of Asia Pacific
  • Middle East & Africa (By Mode of Operation, Tool Type, Application, and Country)
    • South Africa (By Mode of Operation)
    • GCC (By Mode of Operation)
    • Rest of the Middle East & Africa
  • Latin America (By Mode of Operation, Tool Type, Application, and Country)
    • Brazil (By Mode of Operation)
    • Mexico (By Mode of Operation)
    • Rest of Latin America

Segmentation of this market:

Power Tools Market Size, Share & COVID-19 Impact Analysis, By Mode of Operation (Electric, Pneumatic and Others), By Tool Type (Drilling & Fastening Tools, Material Removal Tools, Sawing & Cutting Tools, Demolition Tools, and Others), By Application (DIY and Industrial) and Regional Forecast, 2023-2030

Explore a comprehensive Table of Contents, featuring detailed charts, tables, and figures, spread across 120+ pages. This report offers exclusive data, key statistics, industry trends, and insights into the competitive landscape within this niche sector.

Table of Contents:

  • Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Drivers
    • Restraints
    • Opportunities
  • Key Insights
  • Industry Developments – Mergers, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Advancements
  • Value Chain Analysis

TOC Continued…!

Drivers & Restrains:

  • Drivers:
    • Increasing demand for efficient and time-saving tools in the construction and DIY sectors.
    • Technological advancements in battery and motor technologies enhancing the performance and portability of power tools.
  • Restraints:
    • High initial costs associated with advanced power tools limiting adoption among small-scale users.
    • Safety concerns and the risk of accidents related to power tool usage impacting market growth.

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