Report Scope & Overview:

The Power Tools Market size was valued at USD 33.67 Bn in 2022 and is expected to reach USD 55.72 Bn by 2030 and grow at a CAGR of 6.5% over the forecast period 2023-2030.

Apparatuses that are actuated utilizing a power source separated from physical work are named power tools. They are utilized in various applications, for example, creation and mechanical production systems, upkeep and fix, bundling, and DIY occupations. Straightforwardness and proficiency of activity, diminished time and work prerequisites, and simply convey ability are a portion of the noticeable elements driving the interest for power apparatuses across different ventures.

Power Tools Market Revenue Analysis

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The worldwide power tools market is supposed to develop at a significant rate attributable to a flood in the prevalence of DIY strategies, interest in infrastructural advancements, and an ascent in extra cash for individuals. During a couple of years, India spent almost one-10th portion of its GDP on developmental exercises, which is expected to mount in the forthcoming years. Power tools have changed various enterprises, for example, auto, development, and others by saving the work and time important for basic assignments, for example, screw heading to convoluted errands including breaking and cutting.



  • Construction sector demand is increasing.

  • Construction of sophisticated infrastructure.


  • Raw materials, component components, and final goods costs fluctuate.

  • Heavily reliant on raw material availability.


  • COVID-19 has had a significant influence on automotive firms and production centers.


  • Leading tool companies are concentrating on developing smart and linked power tools.

  • Smart linked systems adoption in assembly line operations.


Coronavirus has caused a few interruptions in the worldwide business sectors. The component of the market is developing quickly. Globally business fields are learning because of the financial emergency. Likewise, the worldwide market is confronting a lot of difficulties. The auto business is experiencing weighty mischance in the pandemic.

The car area is the key end-clients of the power instruments market. The declining request rate in the car market is seriously influencing the market. From North America to the Asia Pacific locales are seeing an ensuing decrease popular. The dialing back of vehicle creation is dialing back the development of the market. Be that as it may, these unfavorable impacts are impermanent. The worldwide Market Trends will change emphatically post Coronavirus.


The worldwide power tools market is fragmented based on method of activity, apparatus type, application, and district. By method of activity, it is separated into electric (corded and cordless electric power apparatuses), pneumatic, and others. The electric power tools fragment rules the market all through the review period. Based on apparatus type, the worldwide market is classified into drills, torques, material evacuation devices, saws, and others. The drills portion is supposed to rule the market during the estimated time frame. By application, the worldwide market is bifurcated into modern (development, car, aviation, and others) and DIY (Do it yourself).


On The Basis of Product:

  • Drills

  • Saws

  • Wrenches

  • Grinders

  • Sanders

  • Others

On The Basis of Mode of Operation:

  • Electric

  • Corded

  • Cordless

  • Pneumatic

  • Others

On The Basis of Application:

  • Industrial

  • Residential

Power Tools Market Segmentation Analysis

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The power tools market is broadened into Asia Pacific, Europe, the middles east, and North America. Further, the Asia Pacific holds the biggest Market Share. This district will grow out of other provincial players in the gauge time frame. The interest in power tools is enormous because of industrialization, development, and improvement factors. The Chinese market is seeing high income. It is one of the best business sectors on the planet.

Further, India is seeing a wide scope of valuable learning experiences. The Middle East market is the following biggest market. The interest in power tools will arrive at a pinnacle sum in the estimated time frame. The necessity for power tools in the oil and gas area is huge. It is persistent fueling the interest around here. Europe and North America get a huge interest in power tools. The power tools are appropriate for complex undertakings in power enterprises. Besides, these two areas are expanding their portfolios in the estimated time frame.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the market are Robert borsch Gmbh, ANDREAS STIHL AG &co, Stanley, Black & Decker. Inc, CHEVRON, Hilti Corporation, Enerpac Tool Group, Atlas Copco ltd, Hitachi Koki ltd, Makita Corporation, Emersonelectric and co. & Other Players

Robert borsch Gmbh-Company Financial Analysis

Power Tools Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 33.67 Billion
Market Size by 2030   US$ 55.27 Billion
CAGR  CAGR of 6.5% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments

• By Product (Drills, Saws, Wrenches, Grinders, Sanders, Others)
• By Operation (Electric, Corded, Cordless, Pneumatic, Others)

• By Application (Industrial and residential)

Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Robert borsch Gmbh, ANDREAS STIHL AG &co, Stanley, Black & Decker. Inc, CHEVRON, Hilti Corporation, Enerpac tool group, Atlas Copco ltd, Hitachi Koki ltd, Makita Corporation, Emersonelectric and co. 
Key Drivers •Construction sector demand is increasing.

•Construction of sophisticated infrastructure.
RESTRAINTS •Raw materials, component components, and final goods costs fluctuate.

•Heavily reliant on raw material availability.

Frequently Asked Questions

Ans: - The Power Tools Market size was valued at USD 33.67 Bn in 2022.

Ans: - Raw materials, component components, and final goods costs fluctuate and heavily reliant on raw material availability.

Ans: - The Asia Pacific holds the biggest Market Share.


Ans: - The key players in the market are Robert borsch Gmbh, ANDREAS STIHL AG &co, Stanley, Black & Decker. Inc, CHEVRON, Hilti Corporation, Enerpac tool group, Atlas Copco ltd, Hitachi Koki ltd, Makita Corporation, Emersonelectric and co.

Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Power tools Market Segmentation, by-product

8.1 Drills

8.2 Saws

8.3 Wrenches

8.4 Grinders

8.5 Sanders

8.6 Others


9. Power tools Market Segmentation, by operation

9.1 Electric

9.2 Corded

9.3 Cordless

9.4 Pneumatic

9.4 Others


10. Power tools Segmentation, by operation

10.1 Industrial

10.2 Residential


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA









11.3.6The Netherlands

11.3.7Rest of Europe



11.4.2South Korea




11.4.6Rest of Asia-Pacific

11.5The Middle East & Africa



11.5.3South Africa


11.6Latin America



11.6.3Rest of Latin America


12. Company Profiles

12.1 Robert borsch Gmbh

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view


12.3 Stanley, Black & Decker. Inc


12.5 Hilti Corporation

12.6 Enerpac tool group

12.7Atlas Copco ltd

12.8 Hitachi Koki ltd

12.9 Makita Corporation

12.10 Emerson Electric and co. 


13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments


14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

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