China Taiwan Crises
Power Tool Market

Power Tool Market Size, Share & Segmentation by Product (Drills, Saws, Wrenches, Grinders, Sanders, Others), by Operation (Electric, Corded, Cordless, Pneumatic, Others), by Application (Industrial and residential), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/EQIP/1107 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Power Tools Market size was valued at USD 31.76 Bn in 2021 and is expected to reach USD 47.60 Bn by 2028, and grow at a CAGR of 4.6% over the forecast period 2022-2028.

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 Graph

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.

MARKET DYNAMICS:

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.

CHALLENGES:

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

OPPORTUNITY:

  • 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.

MARKET ESTIMATION:

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:

  • 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 Segment Chart

KEY PLAYERS:

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. 

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • 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

Power Tools Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 31.76  Billion
Market Size by 2028 US$ 47.60  Billion
CAGR CAGR of 4.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. 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 the Ukraine- Russia war

 

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

11.2.2Canada

11.2.3Mexico

11.3Europe

11.3.1Germany

11.3.2UK

11.3.3France

11.3.4Italy

11.3.5Spain

11.3.6The Netherlands

11.3.7Rest of Europe

11.4Asia-Pacific

11.4.1Japan

11.4.2South Korea

11.4.3China

11.4.4India

11.4.5Australia

11.4.6Rest of Asia-Pacific

11.5The Middle East & Africa

11.5.1Israel

11.5.2UAE

11.5.3South Africa

11.5.4Rest

11.6Latin America

11.6.1Brazil

11.6.2Argentina

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

12.2 ANDREAS STIHL AG &co

12.3 Stanley, Black & Decker. Inc

12.4 CHEVRON

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 a good and accurate research report and selecting the best methodology to complete 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 a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

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Secondary Research

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