Power Tools Market size to grow by USD 11.43 billion from 2022 to 2027, Power Tools Market, including ANDREAS STIHL AG and Co. KG, Apex Tool Group LLC, and more among the key companies in the market - Technavio

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Oct 30, 2023, 22:30 ET

NEW YORK, Oct. 30, 2023 /PRNewswire/ -- Technavio has been monitoring the power tools market, and it is expected to grow by USD 11.43 billion from 2022 to 2027. As per the latest report, the market will progress at a CAGR of 5.74% during the forecast period. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 vendors operating in the Power Tools Market, including ANDREAS STIHL AG and Co. KG, Apex Tool Group LLC, Atlas Copco AB, C. and E. Fein GmbH, Evolution Power Tools Ltd., Group Silverline Ltd., Hilti Corp., Illinois Tool Works Inc., JPW Industries Inc., Koki Holdings Co. Ltd., Makita USA Inc., Nemo Power Tools Ltd., Panasonic Holdings Corp., Positec Tool Corp., Robert Bosch GmbH, Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., Chervon Holdings Ltd., and Emerson Electric Co. Backed with competitive intelligence and benchmarking, our research reports on the Power Tools Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. Download the Latest Sample Report within minutes!

Technavio has announced its latest market research report titled Global Power Tools Market

Power Tools Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our power tools market report covers the following areas:

Power ToolsMarket 2023-2027: Market Dynamics

Key Trend

Product innovations in the global power tools market is a key trend.
This report aid business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment.
The power tools market has changed significantly during the last two decades as a result of the adoption of cordless power tools, innovative designs, and other technologies.
Such innovations have led to the adoption of power tools among many end-user segments, especially the home improvement segment.
Power tool market companies have been investing significant capital in developing better-performance power tools and increasing the utility of the existing designs.

Key Driver

The increase in global construction and infrastructure development activities is driving the growth of the market.
The construction industry is a major user of power tools, which are used to carry out operations such as drilling, cutting, and grinding.
The growth in construction activities is expected to have a positive impact on the growth of the global power tools market.
The rising demand for public infrastructure in emerging markets such as Russia, Brazil, China, India, and South Africa also drives market growth.

Major Challenges

A major challenge to the growth of the power tools market is the volatility in the prices of raw materials.
Commodity price volatility can be a major challenge for suppliers and manufacturers because several market players are starting to compete based on price to sell their products.
Power tools production involves the use of steel, copper, rubber, plastic, and other composites. Additionally, the motor inside most electric power tools constitutes magnets that are made of rare earth materials.
The price of neodymium, a rare earth material used for producing magnets for motors, is also highly volatile. Though the risk against price volatility can be hedged by derivative instruments, it will continue to represent a significant challenge for the global power tool market.

Power Tools Market 2023-2027: Segmentation

End-user

Industrial
Residential

Technology

Electric
Pneumatic
Others

Geography

North America
Europe
APAC
Middle East And Africa
South America

The market share growth by the industrial segment will be significant for the overall market growth during the forecast period. Some of the variables influencing the growth of the segment include industry-specific requirements, technological advancements, and economic growth. To meet their production needs, manufacturers need effective and dependable power tools. Hence, it is anticipated that the demand for power tools in the industrial sector will increase during the forecast period due to the growing number of construction projects, particularly in developing nations.

The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market, download a sample report!

What's New? -

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings

ANDREAS STIHL AG and Co. KG - The company offers power tools under the subsidiary Andreas Stihl Pvt. Ltd.
Apex Tool Group LLC - The company offers power tools under the brands Weller, Cleco, and Apex.
Atlas Copco AB - The company offers power tools such as assembly tools and screw feeders.

Power Tools Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist power tools market growth during the next five years
Estimation of the power tools market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the power tools market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of power tools market vendors

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Power Tools Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.74%
Market growth 2023-2027	USD 11.43 billion
Market structure	Fragmented
YoY growth 2022- 2023 (%)	4.98
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 44%
Key countries	US, China, Japan, Germany, and France
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ANDREAS STIHL AG and Co. KG, Apex Tool Group LLC, Atlas Copco AB, C. and E. Fein GmbH, Evolution Power Tools Ltd., Group Silverline Ltd., Hilti Corp., Illinois Tool Works Inc., JPW Industries Inc., Koki Holdings Co. Ltd., Makita USA Inc., Nemo Power Tools Ltd., Panasonic Holdings Corp., Positec Tool Corp., Robert Bosch GmbH, Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., Chervon Holdings Ltd., and Emerson Electric Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (USD billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (USD billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global power tools market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global power tools market 2017 - 2021 (USD billion)

4.2 End-user Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 (USD billion)

4.3 Technology Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 (USD billion)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (USD billion)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (USD billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments

Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

6.2 Comparison by End-user

Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user

6.3 Industrial - Market size and forecast 2022-2027

Exhibit 34: Chart on Industrial - Market size and forecast 2022-2027 (USD billion)
Exhibit 35: Data Table on Industrial - Market size and forecast 2022-2027 (USD billion)
Exhibit 36: Chart on Industrial - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

6.4 Residential - Market size and forecast 2022-2027

Exhibit 38: Chart on Residential - Market size and forecast 2022-2027 (USD billion)
Exhibit 39: Data Table on Residential - Market size and forecast 2022-2027 (USD billion)
Exhibit 40: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Residential - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by End-user

Exhibit 42: Market opportunity by End-user (USD billion)
Exhibit 43: Data Table on Market opportunity by End-user (USD billion)

7 Market Segmentation by Technology

7.1 Market segments

Exhibit 44: Chart on Technology - Market share 2022-2027 (%)
Exhibit 45: Data Table on Technology - Market share 2022-2027 (%)

7.2 Comparison by Technology

Exhibit 46: Chart on Comparison by Technology
Exhibit 47: Data Table on Comparison by Technology

7.3 Electric - Market size and forecast 2022-2027

Exhibit 48: Chart on Electric - Market size and forecast 2022-2027 (USD billion)
Exhibit 49: Data Table on Electric - Market size and forecast 2022-2027 (USD billion)
Exhibit 50: Chart on Electric - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Electric - Year-over-year growth 2022-2027 (%)

7.4 Pneumatic - Market size and forecast 2022-2027

Exhibit 52: Chart on Pneumatic - Market size and forecast 2022-2027 (USD billion)
Exhibit 53: Data Table on Pneumatic - Market size and forecast 2022-2027 (USD billion)
Exhibit 54: Chart on Pneumatic - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Pneumatic - Year-over-year growth 2022-2027 (%)

7.5 Others - Market size and forecast 2022-2027

Exhibit 56: Chart on Others - Market size and forecast 2022-2027 (USD billion)
Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 (USD billion)
Exhibit 58: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Technology

Exhibit 60: Market opportunity by Technology (USD billion)
Exhibit 61: Data Table on Market opportunity by Technology (USD billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 67: Chart on North America - Market size and forecast 2022-2027 (USD billion)
Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 (USD billion)
Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 (USD billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 (USD billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 (USD billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 (USD billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 (USD billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (USD billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027

Exhibit 83: Chart on South America - Market size and forecast 2022-2027 (USD billion)
Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 (USD billion)
Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 87: Chart on US - Market size and forecast 2022-2027 (USD billion)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 (USD billion)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 91: Chart on China - Market size and forecast 2022-2027 (USD billion)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 (USD billion)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027

Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 (USD billion)
Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 (USD billion)
Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 Japan - Market size and forecast 2022-2027

Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 (USD billion)
Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 (USD billion)
Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.12 France - Market size and forecast 2022-2027

Exhibit 103: Chart on France - Market size and forecast 2022-2027 (USD billion)
Exhibit 104: Data Table on France - Market size and forecast 2022-2027 (USD billion)
Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 107: Market opportunity by geography (USD billion)
Exhibit 108: Data Tables on Market opportunity by geography (USD billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 111: Overview on factors of disruption

11.4 Industry risks

Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 113: Vendors covered

12.2 Market positioning of vendors

Exhibit 114: Matrix on vendor position and classification

12.3 ANDREAS STIHL AG and Co. KG

Exhibit 115: ANDREAS STIHL AG and Co. KG - Overview
Exhibit 116: ANDREAS STIHL AG and Co. KG - Product / Service
Exhibit 117: ANDREAS STIHL AG and Co. KG - Key news
Exhibit 118: ANDREAS STIHL AG and Co. KG - Key offerings

12.4 Apex Tool Group LLC

Exhibit 119: Apex Tool Group LLC - Overview
Exhibit 120: Apex Tool Group LLC - Product / Service
Exhibit 121: Apex Tool Group LLC - Key offerings

12.5 Atlas Copco AB

Exhibit 122: Atlas Copco AB - Overview
Exhibit 123: Atlas Copco AB - Business segments
Exhibit 124: Atlas Copco AB - Key news
Exhibit 125: Atlas Copco AB - Key offerings
Exhibit 126: Atlas Copco AB - Segment focus

12.6 Emerson Electric Co.

Exhibit 127: Emerson Electric Co. - Overview
Exhibit 128: Emerson Electric Co. - Business segments
Exhibit 129: Emerson Electric Co. - Key news
Exhibit 130: Emerson Electric Co. - Key offerings
Exhibit 131: Emerson Electric Co. - Segment focus

12.7 Evolution Power Tools Ltd.

Exhibit 132: Evolution Power Tools Ltd. - Overview
Exhibit 133: Evolution Power Tools Ltd. - Product / Service
Exhibit 134: Evolution Power Tools Ltd. - Key offerings

12.8 Hilti Corp.

Exhibit 135: Hilti Corp. - Overview
Exhibit 136: Hilti Corp. - Product / Service
Exhibit 137: Hilti Corp. - Key offerings

12.9 Illinois Tool Works Inc.

Exhibit 138: Illinois Tool Works Inc. - Overview
Exhibit 139: Illinois Tool Works Inc. - Business segments
Exhibit 140: Illinois Tool Works Inc. - Key news
Exhibit 141: Illinois Tool Works Inc. - Key offerings
Exhibit 142: Illinois Tool Works Inc. - Segment focus

12.10 JPW Industries Inc.

Exhibit 143: JPW Industries Inc. - Overview
Exhibit 144: JPW Industries Inc. - Product / Service
Exhibit 145: JPW Industries Inc. - Key news
Exhibit 146: JPW Industries Inc. - Key offerings

12.11 Koki Holdings Co. Ltd.

Exhibit 147: Koki Holdings Co. Ltd. - Overview
Exhibit 148: Koki Holdings Co. Ltd. - Product / Service
Exhibit 149: Koki Holdings Co. Ltd. - Key offerings

12.12 Makita USA Inc.

Exhibit 150: Makita USA Inc. - Overview
Exhibit 151: Makita USA Inc. - Product / Service
Exhibit 152: Makita USA Inc. - Key offerings

12.13 Panasonic Holdings Corp.

Exhibit 153: Panasonic Holdings Corp. - Overview
Exhibit 154: Panasonic Holdings Corp. - Business segments
Exhibit 155: Panasonic Holdings Corp. - Key news
Exhibit 156: Panasonic Holdings Corp. - Key offerings
Exhibit 157: Panasonic Holdings Corp. - Segment focus

12.14 Robert Bosch GmbH

Exhibit 158: Robert Bosch GmbH - Overview
Exhibit 159: Robert Bosch GmbH - Business segments
Exhibit 160: Robert Bosch GmbH - Key news
Exhibit 161: Robert Bosch GmbH - Key offerings
Exhibit 162: Robert Bosch GmbH - Segment focus

12.15 Snap On Inc.

Exhibit 163: Snap On Inc. - Overview
Exhibit 164: Snap On Inc. - Business segments
Exhibit 165: Snap On Inc. - Key offerings
Exhibit 166: Snap On Inc. - Segment focus

12.16 Stanley Black and Decker Inc.

Exhibit 167: Stanley Black and Decker Inc. - Overview
Exhibit 168: Stanley Black and Decker Inc. - Business segments
Exhibit 169: Stanley Black and Decker Inc. - Key news
Exhibit 170: Stanley Black and Decker Inc. - Key offerings
Exhibit 171: Stanley Black and Decker Inc. - Segment focus

12.17 Techtronic Industries Co. Ltd.

Exhibit 172: Techtronic Industries Co. Ltd. - Overview
Exhibit 173: Techtronic Industries Co. Ltd. - Business segments
Exhibit 174: Techtronic Industries Co. Ltd. - Key offerings
Exhibit 175: Techtronic Industries Co. Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist

13.3 Currency conversion rates for USUSD

Exhibit 178: Currency conversion rates for USUSD

13.4 Research methodology

Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources

13.5 List of abbreviations

Exhibit 182: List of abbreviations

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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