The Power Tools Market is expected to grow from US$41.392 billion in 2025 to US$51.465 billion in 2030, at a CAGR of 4.45%.
A power tool is a device or machine powered by an additional source or mechanism other than the human body. Urbanization has played a significant role in the increased use of power tools and machinery in order to reduce human effort and simplify work for people. With the advancement in smart technologies and the development of low-cost, energy-efficient tools, its usage has increased to such an extent that now it is used everywhere- be it in Houses, Gardens, Garages, Construction sites and etc.
Rising global construction and infrastructure activities, steady growth in the automotive sector, and growing demand for home-improved products are the key factors that are driving the growth of the Power Tools Market. DIY (Do it Yourself) is also gaining ground in developed and developing countries. The adoption of power tools by DIY customers is another factor that has helped in the growth of this market.
With respect to technology, the global market is segmented as electric power tools, engine-driven power tools, pneumatic power tools, powder actuated, and hydraulic power tools. Electric power tools dominate the global market in terms of value. Pneumatic and powder-actuated power tools are still emerging as alternatives to electric power tools in industries. Although commercial production of Pneumatic tools is still low due to their high price.
With respect to end-users, the global market is segmented into Non-Residential (Industrial) Users and Residential Users. Automotive, Aerospace, Construction, Mining and etc. come under Non Residential Users. The emerging concept of DIY (Do it yourself) and home improvement tools in emerging markets have created a new customer base for this market.
Geographically, the Global Power Tools market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. North America, Asia –Pacific, and Europe are considered to be the largest market whose growth has risen due to the development of low-cost and efficient power tools, rising demand for home improved tools in both developed and developing countries, and rising construction activities around the world.
The global power tools market is competitive owing to the presence of well-diversified global and regional players. The global key players are Emerson, Stanley Black & Decker, Inc., Hitachi Koki Co., Ltd., OTTO BAIER GmbH, and Techtronic Industries Co. Ltd, among others.
The global power tools market has been analyzed through the following segments:
By Technology
Electric
Pneumatic
Engine Driven
Others
By End User
Non-Residential
Automotive
Construction
Aerospace
Mining
Others
Residential
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
Italy
United Kingdom
Others
Middle East and Africa
Israel
Saudi Arabia
UAE
Others
Asia Pacific
Japan
China
India
Australia
South Korea
Others