Market Forecast By Tool Types(Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools & Others), By Modes of Operation(Electric (Corded Tools, Cordless Tools, Pneumatic), By Applications (Industrial (Aerospace, Construction, Automotive, Energy), Residential), By Regions (North America, Europe, Asia Pacific, Latin America Middle East & Africa), By Key Countries and Competitive Landscape
Product Code: ETC001551 | Publication Date: Jul 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 29 |
Global power tools market report thoroughly covers the market by tool types, modes of operation, Applications, and regions including the Asia Pacific, North America, Latin America, Middle East, Africa, Europe, and key countries. The global power tools market outlook provides an unbiased and detailed analysis of the ongoing global power tools market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Global Power Tools Market is anticipated to project moderate growth during the upcoming years on account of growing consumer inclination towards electric and wireless power tools, rising industrial demand for drilling tools primarily in the automotive sector, and the rapidly growing construction industry have driven the demand for power tools market globally. On the other hand, volatile raw material prices and the high maintenance cost of power tools may serve as dampeners to Global Power Tools Market growth.
According to 6Wresearch, Global Power Tools Market is anticipated to register significant growth during 2020-2026. The expansion in the construction industry coupled with the surging application of power tools in various industries is driving the Power Tools Market Share. Increasing development in the automotive industry coupled with surging sales of vehicles is driving the growth of the market. However, the regular maintenance required in power tools is one of the restraining factors in the growth of the market. The outburst of coronavirus has impacted the Power Tools Market Share leading to the disruption in the supply chain. Various restrictions across the globe have also led to a decline in the growth of the automotive industry which has further declined the development of the market.
The global power tool market is projected to register sound revenues throughout the foreseeable future backed by rising in infrastructural investment due to increasing urban population coupled with an increase in household construction which is instigating the use of power tools and would instigate the significant deployment of power tools equipment in the coming years.
Global Power Tool market is anticipated to gain traction in the upcoming six years on the back of rising industrial infrastructure such as aerospace, energy, and construction in the developed and developing countries. Additionally, the rising DIY technique coupled with portable and easy handling promotes high adoption of power tools and is estimated to shape the residential sector, as a result, paving the way towards the potential growth of power tool products.
Asia Pacific region is the leading revenue-generating region in the power tools market and is expected to maintain its dominance during the forecast period. An increase in the inflow of investments in residential and infrastructure sectors across the region is projected to positively impact the construction industry, thereby propelling the market for power tools, particularly in India and China. Additionally, the Middle East region shows massive potential for growth in the market for power tools on the back of growing construction, tourism, and automotive sectors.
Based on tool types, drilling and fastening tools are expected to record the highest growth during the forecast period due to their growing demand in the construction, automotive, and energy industries, followed by material removal tools. Based on modes of operation, electric tools occupy the largest share in the market and their market share is likely to expand in the forecast period on account of increased focus on energy efficiency and ease of operation.
The Global Power Tools Market report provides a detailed analysis of the following market segments:
Drilling and Fastening Tools
By Modes of Operation
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Power Tools Market Overview |
3.1 Global Country Indicators |
3.2 Global Power Tools Market Revenues, 2016-2026F |
3.3 Global Power Tools Market Revenue Share, By Tool Types, 2019 & 2026F |
3.4 Global Power Tools Market Revenue Share, By Modes of Operation, 2019 & 2026F |
3.5 Global Power Tools Market Revenue Share, By Applications, 2019 & 2026F |
3.6 Global Power Tools Market Revenue Share, By Regions, 2019 & 2026F |
3.7 Global Power Tools Market - Industry Life Cycle |
3.8 Global Power Tools Market - Porter’s Five Forces |
4 Global Power Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Power Tools Market Trends |
6 Global Power Tools Market Overview, By Tool Types |
6.1 Global Drilling and Fastening Tools Market Revenues, 2016-2026F |
6.2 Global Demolition Tools Market Revenues, 2016-2026F |
6.3 Global Sawing and Cutting Tools Market Revenues, 2016-2026F |
6.4 Global Material Removal Tools Market Revenues, 2016-2026F |
6.5 Global Other Power Tools Market Revenues, 2016-2026F |
7 Global Power Tools Market Overview, By Applications |
7.1 Global Power Tools Market Revenues, By Industrial Application, 2016-2026F |
7.2 Global Industrial Application Power Tools Market Revenues, By Types, 2016-2026F |
7.2.1 Global Power Tools Market Revenues, By Construction Industrial Application, 2016-2026F |
7.2.2 Global Power Tools Market Revenues, By Aerospace Industrial Application, 2016-2026F |
7.2.3 Global Power Tools Market Revenues, By Automotive Industrial Application, 2016-2026F |
7.2.4 Global Power Tools Market Revenues, By Energy Industrial Application, 2016-2026F |
7.2.5 Global Power Tools Market Revenues, By Other Industrial Application, 2016-2026F |
7.3 Global Power Tools Market Revenues, By Residential Application, 2016-2026F |
8 Global Power Tools Market Overview, By Modes of Operation |
8.1 Global Electric Power Tools Market Revenues, 2016-2026F |
8.2 Global Electric Power Tools Market Revenues, By Types, 2016-2026F |
8.2.2 Global Corded Electric Power Tools Market Revenues, 2016-2026F |
8.2.3 Global Cordless Electric Power Market Revenues, 2016-2026F |
8.3 Global Pneumatic Power Tools Market Revenues, 2016-2026F |
9 North America Power Tools Market Overview |
9.1 North America Power Tools Market Revenues, 2016-2026F |
9.2 North America Power Tools Market Revenue, By Tool Types, 2016-2026F |
9.3 North America Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
9.4 North America Power Tools Market Revenue, By Applications, 2016-2026F |
9.5 North America Power Tools Market Revenue, By Countries, 2016-2026F |
10 Europe Power Tools Market Overview |
10.1 Europe Power Tools Market Revenues, 2016-2026F |
10.2 Europe Power Tools Market Revenue, By Tool Types, 2016-2026F |
10.3 Europe Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
10.4 Europe Power Tools Market Revenue, By Applications, 2016-2026F |
10.5 Europe Power Tools Market Revenue, By Countries, 2016-2026F |
11 Asia Pacific Power Tools Market Overview |
11.1 Asia Pacific Power Tools Market Revenues, 2016-2026F |
11.2 Asia Pacific Power Tools Market Revenue, By Tool Types, 2016-2026F |
11.3 Asia Pacific Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
11.4 Asia Pacific Power Tools Market Revenue, By Applications, 2016-2026F |
11.5 Asia Pacific Power Tools Market Revenue, By Countries 2016-2026F |
12 Latin America Power Tools Market Overview |
12.1 Latin America Power Tools Market Revenues, 2016-2026F |
12.2 Latin America Power Tools Market Revenue, By Tool Types, 2016-2026F |
12.3 Latin America Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
12.4 Latin America Power Tools Market Revenue, By Applications, 2016-2026F |
12.5 Latin America Power Tools Market Revenue, By Countries, 2016-2026F |
13 the Middle East and Africa Power Tools Market Overview |
13.1 the Middle East and Africa Power Tools Market Revenues, 2016-2026F |
13.2 the Middle East and Africa Power Tools Market Revenue, By Tool Types, 2016-2026F |
13.3 the Middle East and Africa Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
13.4 the Middle East and Africa Power Tools Market Revenue, By Applications, 2016-2026F |
13.5 the Middle East and Africa Power Tools Market Revenue, By Countries, 2016-2026F |
14 Global Power Tools Market Key Performance Indicators |
15 Global Power Tools Market Opportunity Assessment |
15.1 Global Power Tools Market Opportunity Assessment, By Tool Types, 2026F |
15.2 Global Power Tools Market Opportunity Assessment, By Applications 2026F |
15.3 Global Power Tools Market Opportunity Assessment, By Modes of Operation, 2026F |
16 Global Power Tools Market Competitive Landscape |
16.1 Global Power Tools Market Revenue Share, By Companies, 2019 |
16.1.1 North America Power Tools Market Revenue Share, By Companies, 2019 |
16.1.2 Europe Power Tools Market Revenue Share, By Companies, 2019 |
16.1.3 Asia Pacific Power Tools Market Revenue Share, By Companies, 2019 |
16.1.4 Latin America Power Tools Market Revenue Share, By Companies, 2019 |
16.1.5 the Middle East and Africa Power Tools Market Revenue Share, By Companies, 2019 |
16.2 Global Power Tools Market Competitive Benchmarking, By Operating Parameters |
17 Company Profiles |
18 Key Strategic Recommendations |
19 Disclaimer |