Power Tools Market

Substantial Growth in the Commercial and Residential Construction Sector is expected to continue boosting the market

Power Tools Market by Product Type, Technology, Application, Sales Channel End User & Region Forecast- 2022 to 2032

Power Tools Market Outlook (2022-2032)

[250 Pages Report] The global power tools market is expected to reach US$ 33.36 Bn in 2022. As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming years.

Soaring application in automotive, construction, aerospace, and other industries also will create demand for handheld and pneumatic power tools. The report also predicts power tools sales to constitute nearly 7% to 8% of the global tooling industry.

Attribute	Details
Power Tools Market Estimated Size 2022	US$ 33.36 Billion
Power Tools Market Value-Based CAGR (2022-2032)	5.1%
Power Tools Market Value 2032	US$ 51.2 Billion

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Power Tools Demand Analysis (2016 to 2021) Vs Market Outlook (2022 to 2032)

The global Power Tools market is expected to grow at a 3.7% CAGR between 2022 and 2032, in comparison to 7.3% CAGR registered from 2016-2021.

Scope for application is expected to rise across diverse industries as manufacturers offer intelligent solutions for corded and non-corded power tools. As per FMI, rapid expansion in end-use industries including aerospace, automotive, furniture, and others is positively fuelling the demand for power tools. With features such as electric motors, power tools applications have been surging to eliminate strenuous manual labor across industries.

Leading power tool manufacturers are focusing on developing technologically advanced products with higher efficiency and improved performance especially for the cordless power tools market. This is projected to give tailwinds to the power tools market growth through 2032. For instance, power tools market players such as Robert Bosch, Stanley Black & Decker, and others are developing cordless power tools in-built with Li-ion batteries to offer enhanced performance. These advancements have been crucial in fuelling demand for power tools globally.

Backed by the aforementioned factors, sales are projected to increase at a healthy 5.1% CAGR over the assessment period. The overall demand for Power Tools is projected to grow at a CAGR of 5.1% between 2022 and 2032, totaling around US$ 51.2 Million by 2032.

Which Drivers Underpin Power Tools Industry Expansion?

Commercial Potential of Power Tools Propelling the Sales

The portability and easy maneuverability of power tools have been fuelling their demand at a higher rate than conventional hand tools. Demand from manufacturing assembly units, fabrication as well as service sectors are expected to fuel the demand for power tools. Construction sector is expected to be a crucial end user aiding the market growth.

Spurred by these factors, commercial opportunities are likely to soar for power tool manufacturers. Especially with innovation of cordless power tools leading to the launch of advanced versions of impact wrenches, circular saws, and hammer drills among others, sales prospects have improved.

Consequently, there is immense focus towards launching flexible, mobile, and compact tools to keep pace with dynamic consumer preferences. Moreover, nickel-metal hydride (Ni-MH) and nickel-cadmium (Ni-Cd) power tools are increasingly being replaced with lithium ion batteries. For instance, in 2019 Bosch launched cordless power tools, fitted with lithium-ion batteries to offer improved power and efficiency. These advances have been crucial in improving the commercial potential of power tools.

Furthermore, professionals around the world are seeking out solutions to make their jobs easier and ultimately save time and resources. As a matter of fact, they are looking for a good mix of solutions to increase productivity. While their evolving needs led to advancements in wireless technologies including motors, electronics, and batteries, the demand for productivity solutions has been encouraging innovations in the power tools market.

For example, there is immense focus on going green. Market players looking to carve a niche amid rising competition, have been consciously introducing eco-friendly alternatives to popular technologies. An increasing number of power tools manufacturers are therefore ruling out fossil fuel models to offer more energy-saving power solutions.

With the world struggling with massive storms, chaotic heat waves, and wildfires, the need to move away from pollutants is more than ever before. Catering to changing consumer preferences, Santa Monica, Calif.-based start-up Graze Mowing announced a next-generation autonomous robot for lawn mowing at a commercial scale in September 2020. While the company hopes to use solar power in the near future, currently it has been working with swappable batteries that promise to save significantly on the cost incurred on fuel and electricity.

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Which Factors are limiting the Growth of the Power Tools Market?

Price Sensitivity in the Market to Hamper the Growth

Raw materials predominantly used in power tools are steel and aluminum. With fluctuating costs of aluminum and steel, the cost of raw material is also bound to increase or decrease.

This will have a significant impact on the power tools market in the near term which is set to witness a marginal downturn. In order to sustain through the slowdown, manufacturers will look at stabilizing the pricing of power tools through diversification and newer pricing strategies.

Country-wise Insights

How big is the Opportunity in the U.S.?

Substantial Growth in the Commercial and Residential Construction Sector is Fueling Growth in the U.S.

FMI has projected North America to remain one of the most lucrative markets throughout the course of the forecast period. Growth within this region is expected to be spearheaded by the U.S. One of the key factors supporting expansion in the country is the substantial growth in commercial and residential construction. As per the U.S. Census Bureau, construction spending recorded by the country stood at US$ 1,459.4 Bn in November 2020. With both private and public spending on construction activities surging, power tools manufacturers will have lucrative prospects to capitalize on in the near future.

Besides this, prospects for growth will rise as the demand for MRO services rises within the automotive sector. SelectUSA has predicted automotive sales in the U.S. to gradually recover post-COVID-19, which will present attractive opportunities for power tool sales within the U.S. in the coming years.

How Lucrative Are Opportunities in the U.K.?

Favorable Government Support for Infrastructure Development Spurring Demand

The remarkable growth in infrastructure development and construction activities in the U.K. is driving power tools Market sales within the country. The refined projections for the construction industry growth in the U.K. have been paving the way for power tools Market sales. The gradually reviving construction sector is expected to offset a sharp decline in sales witnessed on account of COVID-19. According to the Office of National Statistics, U.K., construction output has improved marginally by 1% in October 2020.

Besides this, Britain is identified as one of the leading manufacturers in the world, which places it as a lucrative market for power tools globally. Make UK has reported annual output worth £192 billion, as manufacturing continues to drive exports and R&D in the country. Against this backdrop, power tools manufacturers are likely to find the country as a lucrative pocket for sales.

How Are Construction Activities Driving the German Market?

Growing Inclination towards Power Tools for Increasing Productivity Will Boost Sales

FMI has identified Germany as the leading power tools market within Europe. The growth outlook continues to be positive for the country, especially as demand is expected to soar amid improving construction activities. The upbeat performance exhibited by Germany’s construction sector will continue aiding power tools sales.

According to the Federal Statistics Office, Destatis, construction sector turnover in Germany was up by 2.2% in October 2020 in comparison to the corresponding month of the previous year. Consistently rising spending towards construction will remain a chief driver, since the construction sector will continue to be one of the leading end-users of power tools.

How Will China Market Ride-on Recovery Post COVID-19?

Improving Industrial Activities in the Region to Push Sales

China has been among the few nations to have been exhibiting recovery post-COVID-19 at an impressive rate. Despite encountering a temporary slowdown amid COVID-19, China’s rapid pace of economic recovery has bode well for the power tools market. According to the National Bureau of Statistics, exports and imports have significantly grown in the country from September 2020 onwards, with imports increasing by 13.2% and exports surging 9.9% in comparison to the previous year.

The aforementioned figures are indicative of improving industrial activities, which will present attractive opportunities for power tools Market sales. Also, China’s unique response to COVID-19 to ensure an unhindered food supply amid COVID-19 has been aiding the steady growth of the power tools market. Their efforts have also been discussed by the Food and Agricultural Organization (FAO) of the United Nations.

How Is the Expanding Agricultural Sector Supporting Growth in Brazil?

Significant Advancements in the Agricultural Sector to Support the Growth

According to a United States Department of Agriculture (USDA) report, the agriculture sector in Brazil has transformed from one that includes indigenous systems of production with limited use of modern technologies to a global leader in agriculture. Macro-economic reforms undertaken by the country have been a key enabler of the growth of Brazil's agriculture sector. The report also mentioned that the country’s value-added surged an average of 3.4% annually over the past two decades, with agricultural output nearly doubling during the time.

The rising investment towards technology has been a key enabler of the expansion of the agricultural sector in Brazil, which also is indicative of lucrative opportunities for power tools sales in the region.

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Category-wise Insights

Which Product is highly Sought-after?

Demand for Drilling Tools Will Continue to Outclass Other Products

Drilling tools are highly sought-after power tools due to their increasing application across diverse industries, including construction, manufacturing, and others. In fact drilling tools also are used in various do-it-yourself projects, which has been fuelling their demand in commercial and household applications besides their increasing adoption across industries. The drilling tools segment is expected to account for over 17% of the market by the end of 2032 and is expected to remain dominant through the forecast period.

Why do Construction Applications Hold a Higher Share?

Construction Application Drives Continue to Account for the Bulk of Demand

Accounting for nearly 30% of the overall share through the forecast period, construction applications drives continue to account for the bulk of demand for power tools Market. Growth in the segment is primarily due to the rapid development of the construction industry along with the bulk deployment of power tools in construction projects. Increasing construction spending in countries such as the U.S., the U.K., and China will continue aiding the expansion of the market.

Increasing do-it-yourself (DIY) activities and high capita spending on DIY tools in developed countries from North America and Europe are driving the consumer inclination towards DIY activities e.g. interior home renovation, plumbing, gardening, and others. The footprint of DIY tools is also expected to expand in developing regions. The use of DIY products lowers long-term costs than work outsourced to hired labor resulting in increased demand for power tools for DIY and household applications. Additionally, the advent of e-commerce has enabled easy access and discounts for consumers. These factors are expected to ascend the demand for power tools in DIY applications.

Why is Electric Technology More in Demand?

Increasing Investments for the Launch of Advanced Technologies Driving Growth

Electric and pneumatic are currently the leading technologies available, of which the demand for the former has been surging at a higher pace. The advent of cordless technology is expected to fuel growth opportunities within the market. Some of the leading players such as Bosch, Milwaukee, Hitachi, and others include cordless power tools in their portfolios.

Also driven by surging demand, they are increasingly investing in the launch of advanced technologies, which will ultimately fuel demand within the electric category. For instance, Bosch has recently launched cordless power tools in-built with lithium-ion batteries in June 2019. According to FMI, over 6 out of 10 power tools sold will be from the electric category in 2022.

What Supports Continuing Dominance of Offline Sales Channels?

Instant Gratification to Push Offline sales to a Great Extent

According to FMI, offline sales channels will continue dominating through the forecast period. By 2022, offline sales are expected to account for 64.3% of the overall share. Offline sales offer instant gratification, which continues to be a key driver.

However, the COVID-19 outbreak has exposed the vulnerabilities of this medium. As a result, there is an increasing focus on diversification. Market players are exploring opportunities across online sales channels. According to FMI, online channels will report growth at a higher pace than their offline counterparts.

Start-Ups for Power Tools Market

Some key start-ups in the Power Tools market include-

Canadian startup Ioticiti uses the Industrial Internet of Things (IIoT) to build a fleet management product. The startup’s solution equips vehicles with a M2M connectivity platform to map and manage unload wait-times and optimize product deliveries. The solutions can be applied in the construction, cold-chain, and waste management industries.
RoboticsX is a German startup that develops machine-to-machine solutions to empower digital factories. X1 Grid, their manufacturing software platform, transfers data from connected industrial devices to enterprise resource planning (ERP) programs in real-time to increase the efficiency of the factory. The platform also assists engineers in reconfiguring devices without programming.
The US-based start-up Elemental Machines provides M2M solutions for technology-based industries. Their product, Element-D, collects metadata from OEM devices to provide actionable insights about workflows, machine health, and capacity utilization. The startup also provides solutions for monitoring ambient temperature and environmental conditions in manufacturing facilities and containers.

Who are the Leading Players in the Power Tools Market?

The top Power Tools market players are constantly upgrading their offerings to help end users. They are investing in partnerships, acquisitions, collaborations, and new product launches to gain a competitive edge in the market. For instance:

In October 2021, Stanley Black & Decker, Inc. entered into a partnership with Eastman to advance sustainability in the power tools industry. BLACK+DECKER, a Stanley Black & Decker brand, would be releasing a new product line, namely reviva, which would be offering the brand's first sustainability-led power tools that utilize Eastman's Tritan Renew copolyester.
In December 2020, Hilti Corporation announced the expansion of its rotary and combination hammer tool portfolio with the next- generation TE 70-ATC/AVR, the most powerful SDS-Max combination hammer in its class. The newly launched tool would help Commercial contractors and tradespeople drill up to 40% faster in reinforced concrete and demolish more concrete.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 5.1% from 2022-2032
Market Value in 2022	US$ 33.36 Million
Market Value in 2032	US$ 51.2 Million
Base Year for Estimation	2021
Historical Data	2016-2021
Forecast Period	2022-2032
Quantitative Units	Revenue in US$ Million and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type Technology Application Sales Channel End User
Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East and Africa (MEA)
Key Countries Profiled	U.S Canada Brazil Mexico Germany U.K France Spain Italy China Japan South Korea Malaysia Singapore Australia New Zealand GCC South Africa Israel
Key Companies Profiled	Robert Bosch Power Tools GmbH Stanley Black & Decker, Inc. Makita Corporation Hilti Corporation Atlas Copco AB Techtronic Industries Company Limited Snap-on Incorporated Actuant Corporation Husqvarna AB Illinois Tool Works Panasonic Corporation Hitachi Corporation Ingersoll Rand, Inc. Enerpac Tool Group Kyocera Corporation Apex Tool Group Ridgid Tools Koki Holdings Co., Ltd.

Key Segments Covered in the Power Tools Industry Analysis

By Product Type:

Drilling Tool
Fastening Tool
Heat Gun
Angle Grinder
Chain Saw
Orbital Sander
Jigsaw
Impact Wrench
Circular Saw

By Technology:

Electric
- Corded
- Cordless
Pneumatic

By Application:

Manufacturing
- Metal Fabrication
- Automotive
- Railways
- Aerospace
- Furniture
- Others
MRO Services
- Facility Management
- Automotive
- Aerospace
- Other Industrial
DIY
Construction

By Sales Channel:

Online
Offline

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa (MEA)

Frequently Asked Questions

What is the expected market value for Power Tools in 2022?

As of 2022, the Power Tools market is slated to reach a valuation of US$ 33.36 Million.

At what rate will the Power Tools market flourish from 2022-2032?

From 2022-2032, sales of Power Tools is expected to grow at a 5.1% CAGR.

What is the expected market value for Power Tools in 2032?

By 2032, Future Market Insights expects the Power Tools market to reach US$ 51.2 Million.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2016-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Units) Analysis, 2016-2021

5.2. Current and Future Market Volume (Units) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis by Product Type

6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2016-2021 and Forecast, 2022-2032

7.1. Historical Market Value (US$ Mn) Analysis, 2016-2021

7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

7.2.1. Y-o-Y Growth Trend Analysis

7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors

8.1.1. Global GDP Growth Outlook

8.1.2. Global Industry Value Added Outlook

8.1.3. Global Construction Industry Growth Outlook

8.1.4. Other Macro-Economic Factor

8.2. Forecast Factors - Relevance & Impact

8.2.1. Top Companies Historical Growth

8.2.2. Repair and Maintenance Services Outlook

8.3. Value Chain

8.4. List of Key Market Participants

8.5. COVID-19 Crisis – Impact Assessment

8.5.1. Current Statistics

8.5.2. Short-Mid-Long Term Outlook

8.5.3. Likely Rebound

8.6. Market Dynamics

8.6.1. Drivers

8.6.2. Restraints

8.6.3. Opportunity Analysis

9. Global Market Analysis 2016-2021 and Forecast 2022-2032, by Product type

9.1. Introduction / Key Findings

9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product type, 2016-2021

9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product type, 2022-2032

9.3.1. Drilling Tool

9.3.2. Fastening Tool

9.3.3. Heat Gun

9.3.4. Angle Grinder

9.3.5. Chain Saw

9.3.6. Orbital Sander

9.3.7. Jigsaw

9.3.8. Impact Wrench

9.3.9. Circular Saw

9.4. Market Attractiveness Analysis By Product type

10. Global Market Analysis 2016-2021 and Forecast 2022-2032, by Technology

10.1. Introduction / Key Findings

10.2. Historical Market Size (US$ Mn) and Volume Analysis By Technology, 2016-2021

10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Technology, 2022-2032

10.3.1. Electric

10.3.1.1. Corded

10.3.1.2. Cordless

10.3.1.2.1. Ni-Cd

10.3.1.2.2. Ni-MH

10.3.1.2.3. Li-ion

10.3.2. Pneumatic

10.4. Market Attractiveness Analysis By Technology

11. Global Market Analysis 2016-2021 and Forecast 2022-2032, by Application

11.1. Introduction / Key Findings

11.2. Historical Market Size (US$ Mn) and Volume Analysis By Technology, 2016-2021

11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2022-2032

11.3.1. Manufacturing

11.3.1.1. Metal Fabrication

11.3.1.2. Automotive

11.3.1.3. Railways

11.3.1.4. Aerospace

11.3.1.5. Furniture

11.3.1.6. Others

11.3.2. MRO Services

11.3.2.1. Facility Management

11.3.2.2. Automotive

11.3.2.3. Aerospace

11.3.2.4. Other Industrial

11.3.3. DIY

11.3.4. Construction

11.4. Market Attractiveness Analysis By Application

12. Global Market Analysis 2016-2021 and Forecast 2022-2032, by Sales Channel

12.1. Introduction / Key Findings

12.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2016-2021

12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sales Channel, 2022-2032

12.3.1. Online

12.3.2. Offline

12.4. Market Attractiveness Analysis By Sales Channel

13. Global Market Analysis 2016-2021 and Forecast 2022-2032, by Region

13.1. Introduction

13.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2016-2021

13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022-2032

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. South Asia and Pacific

13.3.5. East Asia

13.3.6. Middle East & Africa

13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2016-2021 and Forecast 2022-2032

14.1. Introduction

14.2. Pricing Analysis

14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

14.4.1. By Country

14.4.1.1. U.S.

14.4.1.2. Canada

14.4.2. By Product type

14.4.3. By Technology

14.4.4. By Application

14.4.5. By Sales Channel

14.5. Market Attractiveness Analysis

14.5.1. By Country

14.5.2. By Product type

14.5.3. By Technology

14.5.4. By Application

14.5.5. By Sales Channel

14.6. Drivers and Restraints - Impact Analysis

15. Latin America Market Analysis 2016-2021 and Forecast 2022-2032

15.1. Introduction

15.2. Pricing Analysis

15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

15.4.1. By Country

15.4.1.1. Brazil

15.4.1.2. Mexico

15.4.1.3. Rest of Latin America

15.4.2. By Product type

15.4.3. By Technology

15.4.4. By Application

15.4.5. By Sales Channel

15.5. Market Attractiveness Analysis

15.5.1. By Country

15.5.2. By Product type

15.5.3. By Technology

15.5.4. By Application

15.5.5. By Sales Channel

15.6. Drivers and Restraints - Impact Analysis

16. Europe Market Analysis 2016-2021 and Forecast 2022-2032

16.1. Introduction

16.2. Pricing Analysis

16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

16.4.1. By Country

16.4.1.1. Germany

16.4.1.2. Italy

16.4.1.3. France

16.4.1.4. U.K.

16.4.1.5. Spain

16.4.1.6. BENELUX

16.4.1.7. Russia

16.4.1.8. Rest of Europe

16.4.2. By Product type

16.4.3. By Technology

16.4.4. By Application

16.4.5. By Sales Channel

16.5. Market Attractiveness Analysis

16.5.1. By Country

16.5.2. By Product type

16.5.3. By Technology

16.5.4. By Application

16.5.5. By Sales Channel

16.6. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Market Analysis 2016-2021 and Forecast 2022-2032

17.1. Introduction

17.2. Pricing Analysis

17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

17.4.1. By Country

17.4.1.1. India

17.4.1.2. Thailand

17.4.1.3. Indonesia

17.4.1.4. Malaysia

17.4.1.5. Oceania

17.4.1.6. Rest of South Asia and Pacific

17.4.2. By Product type

17.4.3. By Technology

17.4.4. By Application

17.4.5. By Sales Channel

17.5. Market Attractiveness Analysis

17.5.1. By Country

17.5.2. By Product type

17.5.3. By Technology

17.5.4. By Application

17.5.5. By Sales Channel

17.6. Drivers and Restraints - Impact Analysis

18. East Asia Market Analysis 2016-2021 and Forecast 2022-2032

18.1. Introduction

18.2. Pricing Analysis

18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

18.4.1. By Country

18.4.1.1. China

18.4.1.2. Japan

18.4.1.3. South Korea

18.4.2. By Product type

18.4.3. By Technology

18.4.4. By Application

18.4.5. By Sales Channel

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Product type

18.5.3. By Technology

18.5.4. By Application

18.5.5. By Sales Channel

18.6. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Market Analysis 2016-2021 and Forecast 2022-2032

19.1. Introduction

19.2. Pricing Analysis

19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016-2021

19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

19.4.1. By Country

19.4.1.1. GCC Countries

19.4.1.2. Turkey

19.4.1.3. Northern Africa

19.4.1.4. South Africa

19.4.1.5. Rest of Middle East and Africa

19.4.2. By Product type

19.4.3. By Technology

19.4.4. By Application

19.4.5. By Sales Channel

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Product type

19.5.3. By Technology

19.5.4. By Application

19.5.5. By Sales Channel

19.6. Drivers and Restraints - Impact Analysis

20. Key and Emerging Countries Market Analysis

20.1. U.S. Market Analysis

20.1.1. By Product type

20.1.2. By Technology

20.1.3. By Application

20.1.4. By Sales Channel

20.2. Canada Market Analysis

20.2.1. By Product type

20.2.2. By Technology

20.2.3. By Application

20.2.4. By Sales Channel

20.3. Mexico Market Analysis

20.3.1. By Product type

20.3.2. By Technology

20.3.3. By Application

20.3.4. By Sales Channel

20.4. Brazil Market Analysis

20.4.1. By Product type

20.4.2. By Technology

20.4.3. By Application

20.4.4. By Sales Channel

20.5. Germany Market Analysis

20.5.1. By Product type

20.5.2. By Technology

20.5.3. By Application

20.5.4. By Sales Channel

20.6. Italy Market Analysis

20.6.1. By Product type

20.6.2. By Technology

20.6.3. By Application

20.6.4. By Sales Channel

20.7. France Market Analysis

20.7.1. By Product type

20.7.2. By Technology

20.7.3. By Application

20.7.4. By Sales Channel

20.8. U.K. Market Analysis

20.8.1. By Product type

20.8.2. By Technology

20.8.3. By Application

20.8.4. By Sales Channel

20.9. Spain Market Analysis

20.9.1. By Product type

20.9.2. By Technology

20.9.3. By Application

20.9.4. By Sales Channel

20.10. Russia Market Analysis

20.10.1. By Product type

20.10.2. By Technology

20.10.3. By Application

20.10.4. By Sales Channel

20.11. China Market Analysis

20.11.1. By Product type

20.11.2. By Technology

20.11.3. By Application

20.11.4. By Sales Channel

20.12. Japan Market Analysis

20.12.1. By Product type

20.12.2. By Technology

20.12.3. By Application

20.12.4. By Sales Channel

20.13. S. Korea Market Analysis

20.13.1. By Product type

20.13.2. By Technology

20.13.3. By Application

20.13.4. By Sales Channel

20.14. India Market Analysis

20.14.1. By Product type

20.14.2. By Technology

20.14.3. By Application

20.14.4. By Sales Channel

20.15. ASEAN Market Analysis

20.15.1. By Product type

20.15.2. By Technology

20.15.3. By Application

20.15.4. By Sales Channel

20.16. Australia and New Zealand Market Analysis

20.16.1. By Product type

20.16.2. By Technology

20.16.3. By Application

20.16.4. By Sales Channel

20.17. Turkey Market Analysis

20.17.1. By Product type

20.17.2. By Technology

20.17.3. By Application

20.17.4. By Sales Channel

20.18. South Africa Market Analysis

20.18.1. By Product type

20.18.2. By Technology

20.18.3. By Application

20.18.4. By Sales Channel

21. Market Structure Analysis

21.1. Market Analysis by Tier of Companies

21.2. Market Share Analysis of Top Players

21.3. Market Presence Analysis

22. Competition Analysis

22.1. Competition Dashboard

22.2. Competition Benchmarking

22.3. Competition Deep Dive

22.3.1. Robert Bosch GmbH

22.3.1.1. Overview

22.3.1.2. Product Portfolio

22.3.1.3. Sales Footprint

22.3.1.4. Strategy Overview

22.3.2. Stanley Black & Decker, Inc.

22.3.2.1. Overview

22.3.2.2. Product Portfolio

22.3.2.3. Sales Footprint

22.3.2.4. Strategy Overview

22.3.3. Makita Corporation

22.3.3.1. Overview

22.3.3.2. Product Portfolio

22.3.3.3. Sales Footprint

22.3.3.4. Strategy Overview

22.3.4. Hilti Corporation

22.3.4.1. Overview

22.3.4.2. Product Portfolio

22.3.4.3. Sales Footprint

22.3.4.4. Strategy Overview

22.3.5. Atlas Copco AB

22.3.5.1. Overview

22.3.5.2. Product Portfolio

22.3.5.3. Sales Footprint

22.3.5.4. Strategy Overview

22.3.6. Techtronic Industries Company Limited

22.3.6.1. Overview

22.3.6.2. Product Portfolio

22.3.6.3. Sales Footprint

22.3.6.4. Strategy Overview

22.3.7. Snap-on Incorporated

22.3.7.1. Overview

22.3.7.2. Product Portfolio

22.3.7.3. Sales Footprint

22.3.7.4. Strategy Overview

22.3.8. Actuant Corporation

22.3.8.1. Overview

22.3.8.2. Product Portfolio

22.3.8.3. Sales Footprint

22.3.8.4. Strategy Overview

22.3.9. Husqvarna AB

22.3.9.1. Overview

22.3.9.2. Product Portfolio

22.3.9.3. Sales Footprint

22.3.9.4. Strategy Overview

22.3.10. ITW

22.3.10.1. Overview

22.3.10.2. Product Portfolio

22.3.10.3. Sales Footprint

22.3.10.4. Strategy Overview

22.3.11. Panasonic Corporation

22.3.11.1. Overview

22.3.11.2. Product Portfolio

22.3.11.3. Sales Footprint

22.3.11.4. Strategy Overview

22.3.12. Hitachi

22.3.12.1. Overview

22.3.12.2. Product Portfolio

22.3.12.3. Sales Footprint

22.3.12.4. Strategy Overview

22.3.13. Ingersoll Rand, Inc.

22.3.13.1. Overview

22.3.13.2. Product Portfolio

22.3.13.3. Sales Footprint

22.3.13.4. Strategy Overview

22.3.14. ENERPAC tool group

22.3.14.1. Overview

22.3.14.2. Product Portfolio

22.3.14.3. Sales Footprint

22.3.14.4. Strategy Overview

22.3.15. Kyocera Corporation

22.3.15.1. Overview

22.3.15.2. Product Portfolio

22.3.15.3. Sales Footprint

22.3.15.4. Strategy Overview

22.3.16. Apex tool group

22.3.16.1. Overview

22.3.16.2. Product Portfolio

22.3.16.3. Sales Footprint

22.3.16.4. Strategy Overview

22.3.17. Ridgid

22.3.17.1. Overview

22.3.17.2. Product Portfolio

22.3.17.3. Sales Footprint

22.3.17.4. Strategy Overview

22.3.18. Koki Holdings Co., Ltd.

22.3.18.1. Overview

22.3.18.2. Product Portfolio

22.3.18.3. Sales Footprint

22.3.18.4. Strategy Overview

22.3.19. C. & E. Fein GmbH

22.3.19.1. Overview

22.3.19.2. Product Portfolio

22.3.19.3. Sales Footprint

22.3.19.4. Strategy Overview

22.3.20. DeWalt

22.3.20.1. Overview

22.3.20.2. Product Portfolio

22.3.20.3. Sales Footprint

22.3.20.4. Strategy Overview

22.3.21. Milwaukee Electric Tool

22.3.21.1. Overview

22.3.21.2. Product Portfolio

22.3.21.3. Sales Footprint

22.3.21.4. Strategy Overview

22.3.22. Andreas Stihl AG & Co.

22.3.22.1. Overview

22.3.22.2. Product Portfolio

22.3.22.3. Sales Footprint

22.3.22.4. Strategy Overview

23. Assumptions and Acronyms Used

24. Research Methodology

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List of Tables

Table 01: Global Market Volume (Units) Forecast by Product Type, 2016-2032

Table 02: Global Market Size (US$ Mn) & Volume (Units) Forecast by Product Type, 2016-2032

Table 03: Global Market Size (US$ Mn) & Volume (Units) Forecast by Technology, 2016-2032

Table 04: Global Market Size (US$ Mn) & Volume (Units) Forecast by Application, 2016-2032

Table 05: Global Market Size (US$ Mn) & Volume (Units) Forecast by Sales Channel, 2016-2032

Table 06: Global Market Size (US$ Mn) & Volume (Units) Forecast by Region, 2016-2032

Table 07: North America Market Size (US$ Mn) & Volume (Units) Forecast by Country, 2016-2032

Table 08: North America Market Size (US$ Mn) & Volume (Units) Forecast by Product Type, 2016-2032

Table 09: North America Market Size (US$ Mn) & Volume (Units) Forecast by Technology, 2016-2032

Table 10: North America Market Size (US$ Mn) & Volume (Units) Forecast by Application, 2016-2032

Table 11: North America Market Size (US$ Mn) & Volume (Units) Forecast by Sales Channel, 2016-2032

Table 12: Latin America Market Size (US$ Mn) & Volume (Units) Forecast by Country, 2016-2032

Table 13: Latin America Market Size (US$ Mn) & Volume (Units) Forecast by Product Type, 2016-2032

Table 14: Latin America Market Size (US$ Mn) & Volume (Units) Forecast by Technology, 2016-2032

Table 15: Latin America Market Size (US$ Mn) & Volume (Units) Forecast by Application, 2016-2032

Table 16: Latin America Market Size (US$ Mn) & Volume (Units) Forecast by Sales Channel, 2016-2032

Table 17: Europe Market Size (US$ Mn) & Volume (Units) Forecast by Country, 2016-2032

Table 18: Europe Market Size (US$ Mn) & Volume (Units) Forecast by Product Type, 2016-2032

Table 19: Europe Market Size (US$ Mn) & Volume (Units) Forecast by Technology, 2016-2032

Table 20: Europe Market Size (US$ Mn) & Volume (Units) Forecast by Application, 2016-2032

Table 21: Europe Market Size (US$ Mn) & Volume (Units) Forecast by Sales Channel, 2016-2032

Table 22: East Asia Market Size (US$ Mn) & Volume (Units) Forecast by Country, 2016-2032

Table 23: East Asia Market Size (US$ Mn) & Volume (Units) Forecast by Product Type, 2016-2032

Table 24: East Asia Market Size (US$ Mn) & Volume (Units) Forecast by Technology, 2016-2032

Table 25: East Asia Market Size (US$ Mn) & Volume (Units) Forecast by Application, 2016-2032

Table 26: East Asia Market Size (US$ Mn) & Volume (Units) Forecast by Sales Channel, 2016-2032

Table 27: South Asia Pacific Market Size (US$ Mn) & Volume (Units) Forecast by Country, 2016-2032

Table 28: South Asia Pacific Market Size (US$ Mn) & Volume (Units) Forecast by Product Type, 2016-2032

Table 29: South Asia Pacific Market Size (US$ Mn) & Volume (Units) Forecast by Technology, 2016-2032

Table 30: South Asia Pacific Market Size (US$ Mn) & Volume (Units) Forecast by Application, 2016-2032

Table 31: South Asia Pacific Market Size (US$ Mn) & Volume (Units) Forecast by Sales Channel, 2016-2032

Table 32: MEA Market Size (US$ Mn) & Volume (Units) Forecast by Country, 2016-2032

Table 33: MEA Market Size (US$ Mn) & Volume (Units) Forecast by Product Type, 2016-2032

Table 34: MEA Market Size (US$ Mn) & Volume (Units) Forecast by Technology, 2016-2032

Table 35: MEA Market Size (US$ Mn) & Volume (Units) Forecast by Application, 2016-2032

Table 36: MEA Market Size (US$ Mn) & Volume (Units) Forecast by Sales Channel, 2016-2032

Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Market Historical Volume (Units), 2016-2021

Figure 2: Global Market Volume (Units) Forecast, 2022-2032

Figure 3: Global Market Value (US$ Mn) Historical Data and Forecast 2016-2032

Figure 4: Global Market Absolute $ Opportunity Analysis, 2016-2032

Figure 5: Global Market Share and BPS Analysis by Product Type– 2022 & 2032

Figure 6: Global Market Y-o-Y Growth Projections by Product Type, 2022-2032

Figure 7: Global Market Attractiveness by Product Type, 2022-2032

Figure 8: Global Market Absolute $ Opportunity by Product Type

Figure 9: Global Market Share and BPS Analysis by Technology– 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Projections by Technology, 2022-2032

Figure 11: Global Market Attractiveness by Technology, 2022-2032

Figure 12: Global Market Absolute $ Opportunity by Technology

Figure 13: Global Market Share and BPS Analysis by Application– 2022 & 2032

Figure 14: Global Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 15: Global Market Attractiveness by Application, 2022-2032

Figure 16: Global Market Absolute $ Opportunity by Application

Figure 17: Global Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 18: Global Market Y-o-Y Growth Projections by Sales Channel, 2022-2032

Figure 19: Global Market Attractiveness by Sales Channel, 2022-2032

Figure 20: Global Market Absolute $ Opportunity by Sales Channel

Figure 21: Global Market Share and BPS Analysis by Region– 2022 & 2032

Figure 22: Global Market Y-o-Y Growth Projections by Region, 2022-2032

Figure 23: Global Market Attractiveness by Region, 2022-2032

Figure 24: Global Market Absolute $ Opportunity by North America

Figure 25: Global Market Absolute $ Opportunity by Latin America

Figure 26: Global Market Absolute $ Opportunity by Europe

Figure 27: Global Market Absolute $ Opportunity by East Asia

Figure 28: Global Market Absolute $ Opportunity by South Asia Pacific

Figure 29: Global Market Absolute $ Opportunity by MEA

Figure 30: North America Market Share and BPS Analysis by Country– 2022 & 2032

Figure 31: North America Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 32: North America Market Attractiveness by Country, 2022-2032

Figure 33: North America Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 34: North America Market Y-o-Y Growth Projections by Product Type, 2022-2032

Figure 35: North America Market Attractiveness by Product Type, 2022-2032

Figure 36: North America Market Share and BPS Analysis by Technology– 2022 & 2032

Figure 37: North America Market Y-o-Y Growth Projections by Technology, 2022-2032

Figure 38: North America Market Attractiveness by Technology, 2022-2032

Figure 39: North America Market Share and BPS Analysis by Application– 2022 & 2032

Figure 40: North America Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 41: North America Market Attractiveness by Application, 2022-2032

Figure 42: North America Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 43: North America Market Y-o-Y Growth Projections by Sales Channel, 2022-2032

Figure 44: North America Market Attractiveness by Sales Channel, 2022-2032

Figure 45: Latin America Market Share and BPS Analysis by Country– 2022 & 2032

Figure 46: Latin America Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 47: Latin America Market Attractiveness by Country, 2022-2032

Figure 48: Latin America Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 49: Latin America Market Y-o-Y Growth Projections by Product Type, 2022-2032

Figure 50: Latin America Market Attractiveness by Product Type, 2022-2032

Figure 51: Latin America Market Share and BPS Analysis by Technology– 2022 & 2032

Figure 52: Latin America Market Y-o-Y Growth Projections by Technology, 2022-2032

Figure 53: Latin America Market Attractiveness by Technology, 2022-2032

Figure 54: Latin America Market Share and BPS Analysis by Application– 2022 & 2032

Figure 55: Latin America Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 56: Latin America Market Attractiveness by Application, 2022-2032

Figure 57: Latin America Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 58: Latin America Market Y-o-Y Growth Projections by Sales Channel, 2022-2032

Figure 59: Latin America Market Attractiveness by Sales Channel, 2022-2032

Figure 60: Europe Market Share and BPS Analysis by Country– 2022 & 2032

Figure 61: Europe Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 62: Europe Market Attractiveness by Country, 2022-2032

Figure 63: Europe Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 64: Europe Market Y-o-Y Growth Projections by Product Type, 2022-2032

Figure 65: Europe Market Attractiveness by Product Type, 2022-2032

Figure 66: Europe Market Share and BPS Analysis by Technology– 2022 & 2032

Figure 67: Europe Market Y-o-Y Growth Projections by Technology, 2022-2032

Figure 68: Europe Market Attractiveness by Technology, 2022-2032

Figure 69: Europe Market Share and BPS Analysis by Application– 2022 & 2032

Figure 70: Europe Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 71: Europe Market Attractiveness by Application, 2022-2032

Figure 72: Europe Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 73: Europe Market Y-o-Y Growth Projections by Sales Channel, 2022-2032

Figure 74: Europe Market Attractiveness by Sales Channel, 2022-2032

Figure 75: East Asia Market Share and BPS Analysis by Country– 2022 & 2032

Figure 76: East Asia Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 77: East Asia Market Attractiveness by Country, 2022-2032

Figure 78: East Asia Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 79: East Asia Market Y-o-Y Growth Projections by Product Type, 2022-2032

Figure 80: East Asia Market Attractiveness by Product Type, 2022-2032

Figure 81: East Asia Market Share and BPS Analysis by Technology– 2022 & 2032

Figure 82: East Asia Market Y-o-Y Growth Projections by Technology, 2022-2032

Figure 83: East Asia Market Attractiveness by Technology, 2022-2032

Figure 84: East Asia Market Share and BPS Analysis by Application– 2022 & 2032

Figure 85: East Asia Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 86: East Asia Market Attractiveness by Application, 2022-2032

Figure 87: East Asia Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 88: East Asia Market Y-o-Y Growth Projections by Sales Channel, 2022-2032

Figure 89: East Asia Market Attractiveness by Sales Channel, 2022-2032

Figure 90: South Asia Pacific Market Share and BPS Analysis by Country– 2022 & 2032

Figure 91: South Asia Pacific Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 92: South Asia Pacific Market Attractiveness by Country, 2022-2032

Figure 93: South Asia Pacific Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 94: South Asia Pacific Market Y-o-Y Growth Projections by Product Type, 2022-2032

Figure 95: South Asia Pacific Market Attractiveness by Product Type, 2022-2032

Figure 96: South Asia Pacific Market Share and BPS Analysis by Technology– 2022 & 2032

Figure 97: South Asia Pacific Market Y-o-Y Growth Projections by Technology, 2022-2032

Figure 98: South Asia Pacific Market Attractiveness by Technology, 2022-2032

Figure 99: South Asia Pacific Market Share and BPS Analysis by Application– 2022 & 2032

Figure 100: South Asia Pacific Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 101: South Asia Pacific Market Attractiveness by Application, 2022-2032

Figure 102: South Asia Pacific Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 103: South Asia Pacific Market Y-o-Y Growth Projections by Sales Channel, 2022-2032

Figure 104: South Asia Pacific Market Attractiveness by Sales Channel, 2022-2032

Figure 105: MEA Market Share and BPS Analysis by Country– 2022 & 2032

Figure 106: MEA Market Y-o-Y Growth Projections by Country, 2022-2032

Figure 107: MEA Market Attractiveness by Country, 2022-2032

Figure 108: MEA Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 109: MEA Market Y-o-Y Growth Projections by Product Type, 2022-2032

Figure 110: MEA Market Attractiveness by Product Type, 2022-2032

Figure 111: MEA Market Share and BPS Analysis by Technology– 2022 & 2032

Figure 112: MEA Market Y-o-Y Growth Projections by Technology, 2022-2032

Figure 113: MEA Market Attractiveness by Technology, 2022-2032

Figure 114: MEA Market Share and BPS Analysis by Application– 2022 & 2032

Figure 115: MEA Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 116: MEA Market Attractiveness by Application, 2022-2032

Figure 117: MEA Market Share and BPS Analysis by Sales Channel– 2022 & 2032

Figure 118: MEA Market Y-o-Y Growth Projections by Sales Channel, 2022-2032

Figure 119: MEA Market Attractiveness by Sales Channel, 2022-2032