Home / Semiconductor & Electronics / Power Tools Market By Type (Electric Power Tools, Pneumatic Power Tools, Hybrid Power Tools), By End-Use Application (Non-Residential, Residential) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Power Tools Market By Type (Electric Power Tools, Pneumatic Power Tools, Hybrid Power Tools), By End-Use Application (Non-Residential, Residential) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Published: Jun 2016 | Report Code: 57954-06-16

Resurgence in the housing sector post economic recovery is identified as the major driving factor for the global power tools market. Growing trend of modernizing housing stock, especially in emerging countries is expected to have positive impact on the overall demand for power tools. In addition, steady advancements in battery technologies are expected to propel demand for electric cordless power tools in both residential and non-residential applications. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 5.2% during the forecast period 2016 – 2023. Although high cost of electric cordless tools may pose challenge to their swift adoption in the initial years, we expect unit prices of cordless models to drop as competition rises. The global power tools market  is expected to expand at a CAGR of 5.2% from 2016 to 2023, reaching US$ 41.0 Bn by 2023.

Power Tools Market

Report Scope

This report analyzes the global power tools market in terms of type (power source), end-use application, and geography. On the basis of type (power source), the market is segmented into electric power tools (plug-in, cordless), pneumatic power tools, and hydraulic power tools among others. Similarly, on the basis of end-use application, the market for power tools is further classified into non-residential (construction and mining, automotive, semiconductor, and aerospace among others); and residential. The geographical distribution of the global power tools market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

 Power Tools Market

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Power Tools Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global power tools market.

Target Audience

  • Industry Investors
  • Power Tool Manufacturers
  • Hand Tool Manufacturers
  • End-users
  • USP and Key Offerings

The report titled “Global Power Tools Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global power tools market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, types (power source), and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading power tools manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the power tools market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Value Chain Analysis
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global power tools market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Power Tools Market Snapshot

3. Global Power Tools Market Analysis
3.1. Global Power Tools Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Power Tools Market Revenue, By Type (Power Source) (Power Source), 2014 – 2023 (US$ Bn)
4.1. Tornado Analysis
4.2. Electric Power Tools
4.2.1. Plug-In
4.2.2. Cordless
4.3. Pneumatic Power Tools
4.4. Hybrid Power Tools
4.5. Others (Engine Driven, etc.)

5. Global Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
5.1. Tornado Analysis
5.2. Non-residential
5.2.1. Construction
5.2.2. Automotive
5.2.3. Semiconductors
5.2.4. Aerospace
5.2.5. Others
5.3. Residential

6. North America Power Tools Market Analysis, 2014 – 2023 (US$ Bn)
6.1. North America Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
6.1.1. Electric Power Tools
6.1.1.1. Plug-In
6.1.1.2. Cordless
6.1.2. Pneumatic Power Tools
6.1.3. Hybrid Power Tools
6.1.4. Others (Engine Driven, etc.)
6.2. North America Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
6.2.1. Non-residential
6.2.1.1. Construction
6.2.1.2. Automotive
6.2.1.3. Semiconductors
6.2.1.4. Aerospace
6.2.1.5. Others
6.2.2. Residential
6.3. North America Power Tools Market Revenue, By Country, 2014 – 2023 (US$ Bn)
6.3.1. U.S.
6.3.1.1. U.S. Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
6.3.1.2. U.S. Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
6.3.2. Canada
6.3.2.1. Canada Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
6.3.2.2. Canada Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)

7. Europe Power Tools Market Analysis, 2014 – 2023 (US$ Bn)
7.1. Europe Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
7.1.1. Electric Power Tools
7.1.1.1. Plug-In
7.1.1.2. Cordless
7.1.2. Pneumatic Power Tools
7.1.3. Hybrid Power Tools
7.1.4. Others (Engine Driven, etc.)
7.2. Europe Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.2.1. Non-residential
7.2.1.1. Construction
7.2.1.2. Automotive
7.2.1.3. Semiconductors
7.2.1.4. Aerospace
7.2.1.5. Others
7.2.2. Residential
7.3. Europe Power Tools Market Revenue, By Region, 2014 – 2023 (US$ Bn)
7.3.1. U.K.
7.3.1.1. U.K. Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
7.3.1.2. U.K. Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.2. Germany
7.3.2.1. Germany Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
7.3.2.2. Germany Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.3. France
7.3.3.1. France Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
7.3.3.2. France Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
7.3.4. Rest of Europe
7.3.4.1. Rest of Europe Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
7.3.4.2. Rest of Europe Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)

8. Asia Pacific Power Tools Market Analysis, 2014 – 2023 (US$ Bn)
8.1. Asia Pacific Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
8.1.1. Electric Power Tools
8.1.1.1. Plug-In
8.1.1.2. Cordless
8.1.2. Pneumatic Power Tools
8.1.3. Hybrid Power Tools
8.1.4. Others (Engine Driven, etc.)
8.2. Asia Pacific Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
8.2.1. Non-residential
8.2.1.1. Construction
8.2.1.2. Automotive
8.2.1.3. Semiconductors
8.2.1.4. Aerospace
8.2.1.5. Others
8.2.2. Residential
8.3. Asia Pacific Power Tools Market Revenue, By Country, 2014 – 2023 (US$ Bn)
8.3.1. Japan
8.3.1.1. Japan Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
8.3.1.2. Japan Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
8.3.2. China
8.3.2.1. China Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
8.3.2.2. China Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
8.3.3. India
8.3.3.1. India Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
8.3.3.2. India Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
8.3.4.2. Rest of Asia Pacific Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)

9. Rest of World Power Tools Market Analysis, 2014 – 2023 (US$ Bn)
9.1. Rest of World Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
9.1.1. Electric Power Tools
9.1.1.1. Plug-In
9.1.1.2. Cordless
9.1.2. Pneumatic Power Tools
9.1.3. Hybrid Power Tools
9.1.4. Others (Engine Driven, etc.)
9.2. Rest of World Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
9.2.1. Non-residential
9.2.1.1. Construction
9.2.1.2. Automotive
9.2.1.3. Semiconductors
9.2.1.4. Aerospace
9.2.1.5. Others
9.2.2. Residential
9.3. Rest of World Power Tools Market Revenue, By Region, 2014 – 2023 (US$ Bn)
9.3.1. Latin America
9.3.1.1. Latin America Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
9.3.1.2. Latin America Pacific Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)
9.3.2. Middle-East and Africa
9.3.2.1. Middle-East and Africa Power Tools Market Revenue, By Type (Power Source), 2014 – 2023 (US$ Bn)
9.3.2.2. Middle-East and Africa Power Tools Market Revenue, By End-use Application, 2014 – 2023 (US$ Bn)

10. Company Profiles
10.1. Stanley, Black & Decker, Inc.
10.2. Emerson Electric Co.
10.3. Robert Bosch GmbH
10.4. Actuant Corporation
10.5. Makita Corporation
10.6. SKF AB
10.7. Danaher Corporation
10.8. Hilti Corporation
10.9. Techtronic Industries
10.10. Hitachi Koki Ltd.

List Of Table :

TABLE 1 Market Snapshot: Global Power Tools Market
TABLE 2 Evolution of Power Tools
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 6 North America Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 7 North America Power Tools Market Revenue, By Country, 2014 - 2023 (US$ Bn)
TABLE 8 U.S. Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 9 U.S. Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 10 Canada Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 11 Canada Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 12 Europe Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 13 Europe Power Tools Market Revenue, By End-use Application, 2015 - 2023 (US$ Bn)
TABLE 14 Europe Power Tools Market Revenue, By Country, 2014 - 2023 (US$ Bn)
TABLE 15 U.K. Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 16 U.K. Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 17 France Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 18 France Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 19 Germany Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 20 Germany Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 21 Rest of Europe Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 22 Rest of Europe Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 23 Asia Pacific Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 24 Asia Pacific Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 25 Asia Pacific Power Tools Market Revenue, By Country, 2014 - 2023 (US$ Bn)
TABLE 26 China Power Tools Market Revenue, By Product Type (Power Source), 2014- 2023 (US$ Bn)
TABLE 27 China Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 28 Japan Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 29 Japan Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 30 India Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 31 India Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 32 Rest of Asia Pacific Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 33 Rest of Asia Pacifc Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 34 Rest of World Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 35 Rest of World Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 36 Rest of World Power Tools Market Revenue, By Region, 2014 - 2023 (US$ Bn)
TABLE 37 Latin America Power Tools Market Revenue, By Product ype, 2014 - 2023 (US$ Bn)
TABLE 38 Latin America Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)
TABLE 39 Middle-East and Africa Power Tools Market Revenue, By Product Type (Power Source), 2014 - 2023 (US$ Bn)
TABLE 40 Middle-East and Africa Power Tools Market Revenue, By End-use Application, 2014 - 2023 (US$ Bn)

List Of Figure :

FIG. 1 Global Power Tools: Market Segmentation
FIG. 2 Global Power Tools Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Power Tools Market, By Product Type (Power Source), 2015 (US$ Bn)
FIG. 5 Global Power Tools Market, By End-use Application, 2015 (US$ Bn)
FIG. 6 Global Power Tools Market, By Geography, 2015 (US$ Bn)
FIG. 7 Global Power Tools Market Revenue and Growth, 2014 - 2023, (US$ Bn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Power Tools Market
FIG. 9 Value Chain Analysis: Global Power Tools Industry
FIG. 10 Market Positioning of Key Industry Participants, 2015
FIG. 11 Global Power Tools Market Revenue Contribution, By Product Type (Power Source), 2015 & 2023 (Value %)
FIG. 12 Global Electric Power Tools Market Revenue and Growth, 2014 - 2023, (US$ Bn)
FIG. 13 Global Pneumatic Power Tools Market Revenue and Growth, 2014 - 2023, (US$ Bn)
FIG. 14 Global Hydraulic Power Tools Market Revenue and Growth, 2014 - 2023, (US$ Bn)
FIG. 15 Global Power Tools Market Revenue and Growth for Other Product Types, 2014 - 2023, (US$ Bn)
FIG. 16 Global Power Tools Market Revenue Contribution, By End-use Application, 2015 & 2023 (US$ Bn)
FIG. 17 Global Power Tools Market Revenue and Growth for Non-residential Applications, 2014 - 2023, (US$ Bn)
FIG. 18 Global Power Tools Market Revenue and Growth for Construction & Mining Applications, 2014 - 2023, (US$ Bn)
FIG. 19 Global Power Tools Market Revenue and Growth for Agriculture Applications, 2014 - 2023, (US$ Bn)
FIG. 20 Global Power Tools Market Revenue and Growth for Automotive Applications, 2014 - 2023, (US$ Bn)
FIG. 21 Global Power Tools Market Revenue and Growth for Semiconductor Applications, 2014 - 2023, (US$ Bn)
FIG. 22 Global Power Tools Market Revenue and Growth for Aerospace Applications, 2014 - 2023, (US$ Bn)
FIG. 23 Global Power Tools Market Revenue and Growth for Other Non-residential Applications, 2014 - 2023, (US$ Bn)
FIG. 24 Global Power Tools Market Revenue and Growth for Residential Applications, 2014 - 2023, (US$ Bn)
FIG. 25 North America Power Tools Market Revenue and Growth, 2014 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 26 Europe Power Tools Market Revenue and Growth, 2014 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 27 Asia Pacific Power Tools Market Revenue and Growth, 2014 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 28 RoW Power Tools Market Revenue and Growth, 2014– 2023, (US$ Bn) (Y-o-Y %)

On the basis of power source, the global power tools market is categorized into following segments:

  • Electric Power Tools
    • Plug-In Electric Power Tools
    • Cordless Electric Power Tools
  • Pneumatic Power Tools
  • Hydraulic Power tools
  • Others (Engine Driven, etc.)

Power Tools Market

In terms of revenue, electric power tools dominated the global power tools market in the base year of 2015. The dominance of electric power tools is a reflection of their widespread use owing to ease of use as compared to other variants. Electric power tools are further classified into plug-in electric power tools and cordless electric power tools. Although plug-in electric power tools outnumbered cordless electric power tools, they are presumed to witness comparatively slower growth during the forecast period 2016. The growth in the cordless electric models is majorly driven by improvements in battery technologies. Cordless electric power tool manufacturers are currently focused on developing product offerings around single battery framework, which would increase the convenience of consumers by limiting the need to carry spare batteries. However, higher cost of cordless electric tools is a limiting factor.

On the basis of application, the global power tools market is categorized into following segments:

  • Non-Residential
    • Construction and Mining
    • Automotive
    • Semiconductor
    • Aerospace
    • Others
  • Residential

The contribution of these application segments and sub-segmenmts to the global power tools market in 2015 and 2023 is as shown in the figure below

 Power Tools Market

As of 2015, the global power tools market was led by the non residential application segment comprising construction & mining, electrical and electronics, automotives, and aerospace among others. The segment accounted for around two-third of the global power tools market revenue in the same year and is expected to exhibit steady growth during the forecast period 2016 - 2023. The trend shall prolong and the segment is poised to retain its dominance throughout the forecast period. The majority of the non-residential segment revenue is contributed by the construction sector. The use of power tools in the semiconductor industry is driven by the proliferation of consumer electronics, requiring manufacturers to supply products in a time bound manner. On the other hand, the market for residential applications is expected to witness maximum growth during the forecast period. The anticipated growth can be attributed to the growing interest in do-it-yourself (DIY) activities.

On the basis of geography, the global power tools market is segmented into following regions and countries.

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • United Kingdo
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global power tools market in 2015 is as shown in the figure below

 Power Tools Market

In the base year of 2015, North America comprising Canada and the United States was the largest power tools market worldwide. The region accounted for around 30% of the global power tools market revenue in the same year. The region is expected to exhibit steady growth led by the resurgence in the housing and automotive sector. However, Asia Pacific is presumed to witness maximum growth during the forecast period. In the last few years, China has emerged as the largest exporter of power tools worldwide and the trend shall continue over the forecast period. China-based power tools manufacturers are fast penetrating the market on account of wide range of offerings at competitive-price range.

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