Le Lézard
Classified in: Covid-19 virus

Global Power Tools Markets, 2024-2028 with Robert Bosch, Emerson Electric, Stanley Black & Decker, Atlas Copco, Makita, and Ingersoll Rand Dominating - ResearchAndMarkets.com


The "Global Power Tools Market (by Mode of Operation, End-User & Region): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)" report has been added to ResearchAndMarkets.com's offering.

The global power tools market is expected to record a value of US$56.19 billion in 2028, rising at a CAGR of 5.70%, for the time period of 2024-2028

Factors such as surging number of construction activities, expansion of automotive industry, rising demand from wind energy industry and expanding urbanization would drive the growth of the market. However, the market growth would be challenged by stringent regulatory compliance and safety standards, fluctuations in raw material prices and high costs associated with the repair and replacement of power tools. A few notable trends include accelerating adoption of cordless power tools, increasing demand for home improvement products and advancements in technology.

Power tools are exactly as described and include relatively common tools like screwdrivers, drills, saws, and sanders, which are used both at home and by professionals. The global power tools market has been segmented on the basis of mode of operation and end-user. On the basis of mode of operation, the global market can be bifurcated into electric, pneumatic and hydraulic & other power tools. Whereas, in terms of end-user, the global power tools market can be divided into industrial & professional and consumer.

The fastest growing regional market was Asia Pacific due to the rising urbanization, growing manufacturing industry, and increasing automotive sales in this region, increasing government initiatives toward enhancing industrial manufacturing facilities and infrastructural development in various countries in APAC. Further, the outbreak of COVID-19 pandemic negatively influenced the market growth during 2020 due to supply chain disruptions and halted various manufacturing activities of key end users.

Scope of the report

Key Target Audience

Key Attributes:

Report Attribute Details
No. of Pages 74
Forecast Period 2024 - 2028
Estimated Market Value (USD) in 2024 $45.02 Billion
Forecasted Market Value (USD) by 2028 $56.19 Billion
Compound Annual Growth Rate 5.7%
Regions Covered Global

Key Topics Covered:

1. Market Overview

1.1 Introduction

1.2 Categories of Power Tools

1.3 Classification of Power Tools based on their Energy Use

1.4 Different Types of Power Tools based on their Purpose

1.5 Value Chain Analysis of Power Tools

1.6 Advantages of Power Tools

1.7 Disadvantages of Power Tools

2. Impact of COVID-19

2.1 Slow Growth Rate of Automotive Industry

2.2 Reduction in Demand from Shipbuilding Industry

2.3 Decline in Disposable Income

3. Global Market Analysis

3.1 Global Power Tools Market by Value

3.2 Global Power Tools Market Forecast by Value

3.3 Global Power Tools Market by Mode of Operation

3.3.1 Global Electric Power Tools Market by Value

3.3.2 Global Electric Power Tools Market Forecast by Value

3.3.3 Global Electric Power Tools Market by Power Technology

3.3.4 Global Electric Power Tools Technology Market by Value

3.3.5 Global Electric Power Tools Technology Market Forecast by Value

3.3.6 Global Electric Power Tools Market by End-User

3.3.7 Global Electric Power Tools End-User Market by Value

3.3.8 Global Electric Power Tools End-User Market Forecast by Value

3.3.9 Global Pneumatic Power Tools Market by Value

3.3.10 Global Pneumatic Power Tools Market Forecast by Value

3.3.11 Global Hydraulic & Other Power Tools Market by Value

3.3.12 Global Hydraulic & Other Power Tools Market Forecast by Value

3.4 Global Power Tools Market by End-User

3.4.1 Global Power Tools End-User Market by Value

3.4.2 Global Power Tools End-User Market Forecast by Value

3.5 Global Power Tools Market by Region

4. Regional Market Analysis

4.1 Asia Pacific

4.1.1 Asia Pacific Power Tools Market by Value

4.1.2 Asia Pacific Power Tools Market Forecast by Value

4.2 North America

4.2.1 North America Power Tools Market by Value

4.2.2 North America Power Tools Market Forecast by Value

4.2.3 The U.S. Power Tools Market Forecast by Value

4.3 Europe

4.3.1 Europe Power Tools Market by Value

4.3.2 Europe Power Tools Market Forecast by Value

4.4 Rest of the World

4.4.1 Rest of the World Power Tools Market by Value

4.4.2 Rest of the World Power Tools Market Forecast by Value

5. Market Dynamics

5.1 Growth Drivers

5.1.1 Surging Number of Construction Activities

5.1.2 Expansion of Automotive Industry

5.1.3 Rising Demand from Wind Energy Industry

5.1.4 Expanding Urbanization

5.2 Key Trends & Developments

5.2.1 Accelerating Adoption of Cordless Power Tools

5.2.2 Increasing Demand for Home Improvement Products

5.2.3 Advancements in Technology

5.3 Challenges

5.3.1 Stringent Regulatory Compliance and Safety Standards

5.3.2 Fluctuations in Raw Material Prices

5.3.3 High Costs Associated with Repair & Replacement of Power Tools

6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/kb3uo9

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


These press releases may also interest you

at 17:55
Broadway Financial Corporation ("Broadway," "we," or the "Company") , parent company of City First Bank, National Association, announced today it received a Staff Delisting Determination letter (the "Staff Determination") from the Listing...

at 16:35
InfuSystem Holdings, Inc. ("InfuSystem" or the "Company"), a leading national health care service provider, facilitating outpatient care for durable medical equipment manufacturers and health care providers, announced today that the Company's Board...

at 16:35
Nordson Corporation today reported results for the fiscal second quarter ended April 30, 2024. Sales were $651 million, comparable to the prior year's second quarter sales of $650 million. The second quarter 2024 sales included a favorable...

at 16:30
Simpson Manufacturing Co., Inc. (the "Company") , an industry leader in engineered structural connectors and building solutions, today announced Udit Mehta has joined the Company as Chief Technology Officer, effective May 10, 2024....

at 16:28
?Patients Treated with ARIKAYCE Plus Macrolide-Based Background Regimen Had Meaningfully Greater Improvements in Respiratory Symptoms vs. Macrolide-Based Background Regimen Alone, As Measured By the QOL-B Respiratory Domain Instrument? ?QOL-B...

at 16:20
First Trust High Income Long/Short Fund (the "Fund") has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on June 17, 2024, to shareholders of record as of June 3, 2024. The...



News published on and distributed by: