Report Id: SNS/EQIP/1107 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Power Tools Market size was valued at USD 33.22 Bn in 2022 and is expected to reach USD 47.60 Bn by 2030, and grow at a CAGR of 4.6% 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.
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.
IMPACT OF COVID-19:
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).
KEY MARKET SEGMENTS:
On The Basis of Product:
On The Basis of Mode of Operation:
On The Basis of Application:
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.
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 33.22 Billion|
|Market Size by 2030||US$ 47.60 Billion|
|CAGR||CAGR of 4.6% From 2023 to 2030|
|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 (FAQ) :
Ans: - The Power Tools Market size was valued at USD 31.76 Bn in 2021.
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Power tools Market Segmentation, by-product
9. Power tools Market Segmentation, by operation
10. Power tools Segmentation, by application
11. Regional Analysis
11.2 North America
11.3.7Rest of Europe
11.4.6Rest of Asia-Pacific
11.5The Middle East & Africa
11.6.3Rest of Latin America
12. Company Profiles
12.1 Robert borsch Gmbh
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 ANDREAS STIHL AG &co
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
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