Power tools covered of types such as transportable and stationary power tools and that are driven by electricity. Power tools are presented in numerous shapes and sizes and they are easy to operate. Different type of power tools such as drilling and fastening driving tools, demolition tools, sawing and cutting tools, material removal tools, and routing tools are used in several industries. Hammer drills, electric screwdriver, and fast screw guns are the most preferred power tools. Power tools have advantages over other tools such as high speed, more effective and high efficiency. Power tools are extensively used in numerous industries such as construction, aerospace, automobile repair and maintenance, electronics industry. Power tools have many applications in commercial and home establishments. The growing demand for more efficient, more powerful, and smarter products are increasing the demand for power tools from the automotive and construction sector. The increase in middle-class income and the young population are resulting in the development of the automotive industrial and maintenance industry.

The power tools market is projected to grow more than US$ 37 billion by 2027; it is expected to grow at a CAGR of 4.6% from 2022 to 2027.

In adding, the booming construction sector and the increasing renovation and infrastructural growths across different countries of the globe are anticipated to boosts the sales of the power tools. Additionally, the rising advancements in cordless power tools are expected to promote the growth of the power tools market. Nevertheless, the high maintenance and improved difficulty of the power tools hamper its market growth. Additionally, the integration of power tools in automation across numerous industries is expected to serve lucrative opportunities for the power tools market in the near future.

Global Power Tools market is segmented based on the Application as, (Industrial (Construction, Automotive, Aerospace, Energy), DIY). On the basis of Mode as, the global Power Tools market is segregated as, Electric (Corded & Cordless), Pneumatic. Global Power Tools market is segmented based on the Tool Type as, (Drilling & Fastening, Sawing, Demolition, Material Removal)  

Global Power Tools market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Power Tools market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.

Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of Power Tools market manufacturers. The revenue generated from the sales of Power Tools manufacturer has been calculated through primary and secondary research.

The market size estimation also considered leading players revenues as part of triangulation the key players considered are Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated Availability Services among others operating in the Power Tools market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes types of segmentation determined using secondary sources and verified through primary sources.

The Power Tools Market has been segmented as below:

Power Tools Market, By Tool Type

• Drilling and Fastening Tools

• Drills
• Impact Drivers
• Impact Wrenches
• Screwdrivers and Nutrunners

• Demolition Tools

• Rotary Hammers/Hammer Drills/Demolition Hammers

• Sawing and Cutting Tools

• Jigsaws
• Reciprocating Saws
• Circular Saws
• Band Saws
• Shears and Nibblers

• Material Removal Tools

• Sanders/Polishers/Buffers
• Grinders

• Angle Grinders
• Die and Straight Grinders

• Routing Tools

• Routers/Planers/Joiners

• Palm Routers and Laminate Trimmers

• Others

Power Tools Market, By Mode of Operation

• Electric

• Corded Tools
• Cordless Tools

• Pneumatic
• Other Tools

Power Tools Market, By Application

• Industrial/Professional

• Construction
• Automotive
• Aerospace
• Energy
• Shipbuilding
• Other Industries

• Residential/Diy

Power Tools Market, By Region

• North America
• Europe
• Asia Pacific
• Rest of World

Report scope:

The global Power Tools market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends. The report scope includes market analysis on regional as well as country level.

Reasons to Buy this Report:

• Gain comprehensive insights on the industry trends
• Identify industry opportunities and key growth segments
• Obtain complete market study on the Power Tools market

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