Global Power Tools Market (2020-2026) | Size, Share, industry, Growth, Revenue, Trend & COVID-19 IMPACT

Global power tools market report thoroughly covers the market by tool types, modes of operation, Applications, and regions including the Asia Pacific, North America, Latin America, Middle East, Africa, Europe, and key countries. The global power tools market outlook provides an unbiased and detailed analysis of the ongoing global power tools market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global Power Tools Market Synopsis

Global Power Tools Market is anticipated to project moderate growth during the upcoming years on account of growing consumer inclination towards electric and wireless power tools, rising industrial demand for drilling tools primarily in the automotive sector, and the rapidly growing construction industry have driven the demand for power tools market globally. On the other hand, volatile raw material prices and the high maintenance cost of power tools may serve as dampeners to Global Power Tools Market growth.

According to 6Wresearch, Global Power Tools Market is anticipated to register significant growth during 2020-2026. The expansion in the construction industry coupled with the surging application of power tools in various industries is driving the Power Tools Market Share.  Increasing development in the automotive industry coupled with surging sales of vehicles is driving the growth of the market. However, the regular maintenance required in power tools is one of the restraining factors in the growth of the market. The outburst of coronavirus has impacted the Power Tools Market Share leading to the disruption in the supply chain. Various restrictions across the globe have also led to a decline in the growth of the automotive industry which has further declined the development of the market. 

The global power tool market is projected to register sound revenues throughout the foreseeable future backed by rising in infrastructural investment due to increasing urban population coupled with an increase in household construction which is instigating the use of power tools and would instigate the significant deployment of power tools equipment in the coming years. 

Global Power Tool market is anticipated to gain traction in the upcoming six years on the back of rising industrial infrastructure such as aerospace, energy, and construction in the developed and developing countries. Additionally, the rising DIY technique coupled with portable and easy handling promotes high adoption of power tools and is estimated to shape the residential sector, as a result, paving the way towards the potential growth of power tool products.

Market Analysis by Region

Asia Pacific region is the leading revenue-generating region in the power tools market and is expected to maintain its dominance during the forecast period. An increase in the inflow of investments in residential and infrastructure sectors across the region is projected to positively impact the construction industry, thereby propelling the market for power tools, particularly in India and China. Additionally, the Middle East region shows massive potential for growth in the market for power tools on the back of growing construction, tourism, and automotive sectors.

Market Analysis by tool types

Based on tool types, drilling and fastening tools are expected to record the highest growth during the forecast period due to their growing demand in the construction, automotive, and energy industries, followed by material removal tools. Based on modes of operation, electric tools occupy the largest share in the market and their market share is likely to expand in the forecast period on account of increased focus on energy efficiency and ease of operation.

Key Highlights of the Report:

• Global Power Tools Market Overview
• Global Power Tools Market Outlook
• Global Power Tools Market Forecast
• Historical Data of Global Power Tools Market Revenues and Volume, for the Period 2016-2019
• Global Power Tools Market Size and Global Power Tools Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Global Power Tools Market Revenues and Volume, By Tool Types, for the Period 2016-2019
• Market Size & Forecast of Global Power Tools Market Revenues and Volume, By Tool Types, Until 2026
• Historical Data of Global Power Tools Market Revenues and Volume, By Modes of Operation, for the Period 2016-2019
• Market Size & Forecast of Global Power Tools Market Revenues and Volume, By Modes of Operation, Until 2026
• Historical Data of Power Tools Market Revenues and Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of Global Power Tools Market Revenues and Volume, By Applications, Until 2026
• Historical Data of North America Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of North America Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Europe Power Tools Market Revenues and Volume, for the Period 2016-201
• Market Size & Forecast of Europe Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Asia-Pacific Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Asia-Pacific Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Latin America Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Latin America Power Tools Market Revenues and Volume, Until 2026
• Historical Data of the Middle East and Africa Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of the Middle East and Africa Power Tools Market Revenues and Volume, Until 2026
• Market Drivers and Restraints
• Global Power Tools Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Power Tools Market Share, By Players
• Global Power Tools Market Share, By Regions
• Global Power Tools Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Power Tools Market report provides a detailed analysis of the following market segments:

By Tool Types

Drilling and Fastening Tools

• Demolition Tools
• Sawing and Cutting Tools
• Material Removal Tools
• Others

By Modes of Operation

• • Electric

• • • Corded Tools
    • Cordless Tools

• • Pneumatic

• By Applications

  • Industrial
    • Aerospace
    • Construction
    • Automotive
    • Energy
    • Others
  • Residential

• By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Other Key Reports Available:

• North America Power Tools Market Report
• Latin America Power Tools Market Report
• Europe Power Tools Market Report
• Asia-Pacific Power Tools Market Report
• The Middle East & Africa Power Tools Market Report

Global Power Tools Market: FAQs