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Research Reports

Power Tools Market Worth $48,677.0 Million by 2027 | Covid-19 Impact & Competitive Analysis

The global power tools market has observed substantial growth in the past few years, due to the rise in investment in various end-user industries such as construction, energy, mining,and others.A number of power tool manufacturers are expanding their businesses all over the globe, due to rise in customer base, higher effective operations,expandedgeographical reach, andtechnologically advancedContinue reading “Power Tools Market Worth $48,677.0 Million by 2027 | Covid-19 Impact & Competitive Analysis”

Published : 3 years ago, on

The global power tools market has observed substantial growth in the past few years, due to the rise in investment in various end-user industries such as construction, energy, mining,and others.A number of power tool manufacturers are expanding their businesses all over the globe, due to rise in customer base, higher effective operations,expandedgeographical reach, andtechnologically advanced product portfolios. This is anticipated to fuel the demand for the power tools

The global power tools market size was $32.7 billion in 2019, and is projected to reach $48.7 billion by 2027, registering a CAGR of 4.8% from 2020 to 2027.

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Power tools have varied applications in non-residential and residential sectors. There has been a growth in theapplication of power tools,which is facilitated by work efficiency attained through the use of advanced sensors to analyze and execute tasks with minimum errors. There is an increase in thedevelopment of the global power tools market, due to boost in trend of automation empoweringgreater returns on investments (ROI) and cost optimization.

Top 10 Key Market Players

  • Atlas Copco AB
  • Emerson Electric Co.
  • Hilti Corporation
  • Ingersoll-Rand plc.
  • Koki Holdings Co., Ltd.
  • Makita Corporation
  • Robert Bosch GmbH
  • Snap-on Incorporated
  • Stanley Black & Decker Inc.
  • Techtronic Industries Co. Ltd.

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Key Market Segments

By Mode Of Operation

  • Electric
  • Corded Power Tools
  • Cordless Power Tools
  • Pneumatic
  • Others

By Tool Type

  • Drills
  • Saws
  • Wrenches
  • Material Removal Tool
  • Others

By Application

  • Industrial
  • Construction
  • Automotive
  • Aerospace
  • Others
  • Do-It-Yourself (DIY)

By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication's content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.

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