Global Power Tools Market Size & Outlook, 2022-2030

The power tools industry worldwide is expected to reach a projected revenue of US$ 54,398.0 million by 2030. A compound annual growth rate of 7.2% is expected of the worldwide power tools industry from 2023 to 2030.
Revenue, 2022 (US$M)
$31,085.9
Forecast, 2030 (US$M)
$54,398.0
CAGR, 2023 - 2030
7.2%
Report Coverage
Worldwide

Global power tools market highlights

  • The global power tools market generated a revenue of USD 31,085.9 million in 2022 and is expected to reach USD 54,398.0 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 7.2% by 2030.
  • In terms of segment, drills accounted for a revenue of USD 9,861.0 million in 2022.
  • Drills is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 31,085.9 million
Market revenue in 2030USD 54,398.0 million
Growth rate7.2% (CAGR from 2022 to 2030)
Largest segmentDrills
Fastest growing segmentDrills
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDrills, Saws, Wrenches, Grinders, Sanders

Other key industry trends

  • In terms of revenue, the North America accounted for 25.7% of the global power tools market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Mexico is the fastest growing regional market and is projected to reach USD 1,593.5 million by 2030.

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Power Tools Market Companies

Name Profile # Employees HQ Website

Global power tools market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to power tools market will help companies and investors design strategic landscapes.


Drills was the largest segment with a revenue share of 31.72% in 2022. Horizon Databook has segmented the Global power tools market based on drills, saws, wrenches, grinders, sanders covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Power Tools Product Outlook (Revenue, USD Million, 2018-2030)
    • Drills
    • Saws
    • Wrenches
    • Grinders
    • Sanders
    • Others
  • Global Power Tools Mode of Operation Outlook (Revenue, USD Million, 2018-2030)
    • Electric
    • Pneumatic
    • Others
  • Global Power Tools Application Outlook (Revenue, USD Million, 2018-2030)
    • Industrial
    • Residential

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Target buyers of Global power tools market databook

  • Our clientele includes a mix of power tools market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global power tools market , including forecasts for subscribers. This global databook contains high-level insights into Global power tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global power tools market size, by regions, 2018-2030 (US$M)

Top 10 countries: Power tools market size, 2022 (US$M)

Global power tools market share, by product, 2022 & 2030 (%, US$M)

Power tools market: Opportunity assessment by country

Global power tools market, by region, 2022 (US$M)

Global power tools market size, by regions, 2018-2030 (US$M)

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