The Global Power Tools Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Power Tools Market expansion.
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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain. The global power tools market is projected to witness a rise in revenue from US$ 33,487.7 Mn in 2022 to US$ 52,329 Mn by 2031. The market is registering a CAGR of 5.9% over the forecast period 2023-2031.
The report gives a thorough analysis of the Power Tools Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- 3M
- ANDREAS STIHL AG & Co. KG
- APEX Tool Group, LLC
- Atlas Copco AB
- C. & E. FEIN GmbH
- Delta Power Equipment Corporation
- Emerson Electric Co.
- Ferm International B.V.
- Festool GmbH
- Hilti Corporation
- Husqvarna AB
- Ingersoll-Rand
- Interskol
- KOKI Holdings Co. Ltd.
- Kyocera Corporation
- Makita Corporation
- Panasonic Corporation
- Robert Bosch GmbH
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global Power Tools Market includes
By Tool Type:
- Drilling and Fastening Tools
- Drills
- Screwdrivers and Nut-Runners
- Wrenches
- Drivers
- Demolition Tools
- Demolition Hammer
- Hammer Drill
- Breaker
- Rotary Hammer
- Others
- Sawing and Cutting Tools
- Circular Saws
- Jigsaws
- Multi-Cutter Saws
- Chop Saws
- Band Saws
- Reciprocating Saws
- Shears and Nibblers
- Material Removal Tools
- Grinders
- Die and Straight Grinder
- Angle Grinder
- Rotary Files
- Bench Grinder
- Pencil Grinders
- Sanders
- Polishers/ Buffers
- Routing Tools
- Routers/Planer
- Joiners
- Air-Powered Tools
- Air Hoses
- Air Hammers
- Air Scalers
- Others
- Others
- Grinders
By Mode of Operation:
- Electric
- Corded
- Cordless
- Pneumatic
- Hydraulic
By Application:
- Industrial
- Construction
- Automotive
- Aerospace
- Energy
- Shipbuilding
- Metal & Fabrication
- Other Industries
- Residential
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Overall, Astute Analytica’s report on the global Power Tools Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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