A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. The most common types of power tools use electric motors. Internal combustion engines and compressed air are also commonly used. Other power sources include steam engines, direct burning of fuels and propellants, or even natural power sources like wind or moving water. Tools directly driven by animal power are not generally considered power tools.
In the industry, Stanley Black&Decker (DeWalt) profits most in 2020 and recent years, while Bosch and TTI ranked 2 and 3.The market share of them is 17.83%, 17.76% and 17.40% in 2020.The gap of market share is keep on enlarged due to different strategy.
The Power Tools market was valued at 23500 Million US$ in 2020 and is projected to reach 38600 Million US$ by 2026, at a CAGR of 6.4% during the forecast period. In this study, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Power Tools.
This report covers the present status and the future prospects of the global Power Tools market for 2015-2026.
The report offers detailed coverage of Power Tools industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Power Tools by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Stanley Black&Decker (DeWalt), Bosch, TTI, Makita, Hitachi Koki, Hilti, Metabo, Snap-on, DEVON (Chevron Group), Festool, Apex Tool Group, Dongcheng, C. & E. Fein, Zhejiang Crown, Positec Group, Jiangsu Jinding, KEN
Market Segment as follows:
Market by Order Type
Electric power tool
Pneumatic power tool
Hydraulic and other power tool
Power Tools Breakdown Data by Application
Residential Applications
Construction Field
Industry Field
Gardening Field
Other
Power Tools market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Power Tools market for the forecast period 2021 - 2026?
• What are the driving forces in the Power Tools market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Power Tools industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.