Global Power Tools Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Based on tool type, the market is categorised into drilling & fastening tools and demolition tools among which drilling & fastening is sub-segmented into drills, impact drivers, impact wrenches, screwdrivers, and nut runners. Demolition tools are subcategorised into rotary hammers, sawing & cutting tools, material removal tools, and routing tools. Among which drilling and fastening tools holding to the largest market share among all other tool types in the power tools market and is likely to continue during the forecast period. Drilling and fastening tools are used in various industries, which includes automotive, aerospace, electronics, and consumer appliances, energy, and shipbuilding owing to which the market is experiencing substantial growth.

Based on the end user, the market is segmented into automotive, aerospace, residential, construction, and others. Construction is the largest shareholder in the market. The construction industry is majorly dependent on power tools. They are utilised for various construction applications, which includes drilling, driving, demolition, concrete cutting, and polishing. The growing construction activities in countries such as the US, China, and India, demand technologically advanced and innovative power tools, thereby driving the market growth.

Geographically analysis on the global market gives information by regions, and the regions are Asia-Pacific, Europe, North America, South America and the Middle East and Africa. Among which North America is anticipated to dominate the market owing to the significant growth in construction and manufacturing and automotive industries. APAC is the fastest-growing region for the market owing to the continuous infrastructural growth in emerging countries such as China and India. Rising automotive sales all over the world, and increasing installation of wind power plants. With the growing urbanisation in India, there has been a huge demand for power tools for the construction of urban development projects. The shipbuilding industry in South Korea, Japan, and China is expected to fuel the growth of the market to a certain extent.

Global Power Tools Market Trends:

• The shift towards cordless power tools.
• Battery switches and product developments.

Global Power Tools Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions, which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players are

• Atlas Copco India Ltd
• Apex tool group
• Stanley Black & Decker Inc.
• Snap-on Inc.
• Robert Bosch GmBH

Along with these companies, there were many other companies considered/cited in the report while analysing the automotive sunroof market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.”