Power Tools Market will Accelerate at a CAGR of 5.74% through 2022-2027; the rise in global construction and infrastructure development activities to boost market growth- Technavio

NEW YORK, June 28, 2023 /PRNewswire/ -- The power tools market size is set to grow by USD 11.43 billion between 2022 and 2027 and register a CAGR of 5.74%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment - View Sample Report

The report also covers the following areas:

• Power Tools Market size
• Power Tools Market trends
• Power Tools Market industry analysis

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 industrial segment will account for a major share of the market's growth during the forecast period. The primary factor driving the market growth is the expansion of the manufacturing industry. The consumer and industrial product demand is rising, due to which manufacturers need effective and dependable power tools so that they can meet their production needs. Furthermore, power tools find their usage in the construction industry to drill, cut, and shape building materials. They are also used for assembling and disassembling vehicle parts in the automotive industry. Hence, these various advantages and applications of power tools are expected to drive the growth of the segment during the forecast period.

Power Tools Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the power tools market in the industry include 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. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the power tools market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Vendor Offerings

• Atlas Copco AB - The company offers power tools such as assembly Tools and screw feeders.
• Group Silverline Ltd. - The company offers power tools such as corded, cordless, and tile saws.
• Hilti Corp. - The company offers power tools such as cordless tools, EXT chargers, and EXT batteries.

Power Tools Market 2023-2027: Market Dynamics

Key Drivers

• The rise in construction and infrastructure development activities is a key factor driving the growth of the power tools market.
• These power tools are used in the construction industry for various operations such as cutting, drilling, and grinding.
• In addition, these tools increase the efficiency and productivity of labor at construction sites.
• Many emerging markets such as Brazil, Russia, India, China, South Africa, and Arab states are the major countries where the demand for construction activities is rapidly increasing.
• Furthermore, governments are investing highly in infrastructure development due to the growing population and urbanization.
• Hence, these factors are expected to drive the power tools market during the forecast period.

Major Trends

• Product innovations are a major trend shaping the power tools market.
• The adoption of cordless power tools, innovative designs, and other technologies has changed the market significantly.
• Furthermore, the focus of the companies is to develop better-performance power tools and increase the utility of the existing designs so that they can penetrate emerging markets.
• For example, Stanley Black & Decker's brand DEWALT launched the FLEXVOLT battery system.
• These batteries do not require frequent charging to maintain greater runtime.
• Therefore, these innovations are expected to drive market growth during the forecast period.

 Significant Challenges

• The volatility in prices of raw materials is a major challenge restricting the power tools market.
• The primary factor is the pricing competition between the various market players.
• The material which is used to make power tools includes steel, copper, rubber, plastic, and other composites.
• Furthermore, a significant share of the production cost is from materials such as steel and aluminum.
• Most of the raw materials which are used to produce power tools are traded globally and the volatility in prices is high.
• Hence, these factors are expected to pose a challenge to market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from 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!

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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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 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ 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 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Technology Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ 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 ($ billion)
• Exhibit 35: Data Table on Industrial - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 39: Data Table on Residential - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 43: Data Table on Market opportunity by End-user ($ 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 ($ billion)
• Exhibit 49: Data Table on Electric - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 53: Data Table on Pneumatic - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 61: Data Table on Market opportunity by Technology ($ 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 ($ billion)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ 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 ($ billion)
• Exhibit 108: Data Tables on Market opportunity by geography ($ 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 US$ 
• Exhibit 178: Currency conversion rates for US$

• 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

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