Power Tools Market Size, Share & Trends Report

Power Tools Market Size, Share & Trends Analysis Report By Product (Drills, Saws, Wrenches, Grinders, Sanders), By Mode Of Operation (Electric, Pneumatic), By Application, By Region, And Segment Forecasts, 2023 - 2030

Report ID: GVR-4-68038-760-5
Number of Pages: 198
Format: Electronic (PDF)

Historical Range: 2018 - 2021
Industry: Advanced Materials

Market Segmentation

Power Tools Product Outlook (Revenue, USD Million, 2018 - 2030)
- Drills
- Saws
- Wrenches
- Grinders
- Sanders
- Others
Power Tools Mode of Operation Outlook (Revenue, USD Million, 2018 - 2030)
- Electric
- Pneumatic
- Others
Power Tools Application Outlook (Revenue, USD Million, 2018 - 2030)
- Industrial
- Residential
Power Tools Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Power Tools Market, By Product
    - Drills
    - Saws
    - Wrenches
    - Grinders
    - Sanders
    - Others
  - North America Power Tools Market, By Market Mode of Operation
    - Electric
    - Pneumatic
    - Others
  - North America Power Tools Market, By Application
    - Industrial
    - Residential
  - The U.S.
    - U.S. Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - U.S. Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - U.S. Power Tools Market, By Application
      - Industrial
      - Residential
  - Canada
    - Canada Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - Canada Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - Canada Power Tools Market, By Application
      - Industrial
      - Residential
- Europe
  - Europe Power Tools Market, By Product
    - Drills
    - Saws
    - Wrenches
    - Grinders
    - Sanders
    - Others
  - Europe Power Tools Market, By Market Mode of Operation
    - Electric
    - Pneumatic
    - Others
  - Europe Power Tools Market, By Application
    - Industrial
    - Residential
  - The U.K.
    - U.K. Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - U.K. Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - U.K. Power Tools Market, By Application
      - Industrial
      - Residential
  - Germany
    - Germany Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - Germany Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - Germany Power Tools Market, By Application
      - Industrial
      - Residential
  - France
    - France Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - France Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - France Power Tools Market, By Application
      - Industrial
      - Residential
- Asia Pacific
  - Asia Pacific Power Tools Market, By Product
    - Drills
    - Saws
    - Wrenches
    - Grinders
    - Sanders
    - Others
  - Asia Pacific Power Tools Market, By Market Mode of Operation
    - Electric
    - Pneumatic
    - Others
  - Asia Pacific Power Tools Market, By Application
    - Industrial
    - Residential
  - China
    - China Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - China Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - China Power Tools Market, By Application
      - Industrial
      - Residential
  - India
    - India Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - India Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - India Power Tools Market, By Application
      - Industrial
      - Residential
  - Japan
    - Japan Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - Japan Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - Japan Power Tools Market, By Application
      - Industrial
      - Residential
- Latin America
  - Latin America Power Tools Market, By Product
    - Drills
    - Saws
    - Wrenches
    - Grinders
    - Sanders
    - Others
  - Latin America Power Tools Market, By Market Mode of Operation
    - Electric
    - Pneumatic
    - Others
  - Latin America Power Tools Market, By Application
    - Industrial
    - Residential
  - Brazil
    - Brazil Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - Brazil Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - Brazil Power Tools Market, By Application
      - Industrial
      - Residential
  - Mexico
    - Mexico Power Tools Market, By Product
      - Drills
      - Saws
      - Wrenches
      - Grinders
      - Sanders
      - Others
    - Mexico Power Tools Market, By Market Mode of Operation
      - Electric
      - Pneumatic
      - Others
    - Mexico Power Tools Market, By Application
      - Industrial
      - Residential
- Middle East & Africa
  - Middle East & Africa Power Tools Market, By Product
    - Drills
    - Saws
    - Wrenches
    - Grinders
    - Sanders
    - Others
  - Middle East & Africa Power Tools Market, By Market Mode of Operation
    - Electric
    - Pneumatic
    - Others
  - Middle East & Africa Power Tools Market, By Application
    - Industrial
    - Residential

Power Tools Market Dynamics

Driver-Increasing Construction Spending Driving Power Tool Adoption

Power tools typically include power drills, impact wrenches, saws, hammers, screwdrivers, and grinders, among others, which are used across several construction activities. For instance, power drills are used for drywall installations, electrical fittings, boring holes, and driving screws, among other tasks, while impact wrenches envisage a heavy-duty, fastening device that is used extensively in repairs, equipment maintenance, and product assembly. Power tools help in simplifying heavy-load tasks and in increasing operational efficiency. Hence, they are extensively used in both industrial and residential environments. As governments across the globe are undertaking infrastructure development projects, the demand for power tools used in construction activities is anticipated to grow in the coming years.

Driver-Changing Consumer Behavior and Growing Preference for DIY

DIY projects envisage activities undertaken by individuals of all age groups, including residents, hobbyists, enthusiasts, and professionals, to engage themselves in activities, such as maintenance, repairs, and remodeling of their homes and household appliances most of which fall under home improvement. The changing behavior of consumers and the growing preference for DIY bodes well for the growth of the power tools market. The growing preference for DIY is particularly prompting power tool vendors to introduce affordable and easy-to-use power tools featuring long-lasting batteries for household usage. Home improvement activities typically call for power tools, such as power drills, circular saws, impact wrenches, hammer drills, and grinders.

Restraint-Rising Prices of Power Tools and High Maintenance Costs

Power tools feature various electronic components and assemblies, including batteries, motors, and power circuitry. While advances in technology have led to the introduction of cordless electric power tools, these power tools tend to be more expensive than conventional power tools. The fluctuating prices of raw materials, such as steel, aluminum, and ferrous materials, have also increased the cost of power tools. On the other hand, the lifespan of power tools depends on various factors, such as the frequency of use, type of operation, and exposure to outdoor environments. Extensive use, heavy-duty operations, and dust exposure can lead to excessive wear and tear of the power tools. In such circumstances, the maintenance costs of the power tools may even exceed 50% of the replacement value of the products, thereby challenging the adoption of power tools.

What Does This Report Include?

This section will provide insights into the contents included in this power tools market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Power tools market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Power tools market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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