Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Research Reports > What are Leading Technology Developments in Power Tools?

Research Reports

What are Leading Technology Developments in Power Tools?

Published by linker 5

Posted on February 5, 2021

3 min read

Last updated: January 21, 2026

Infographic illustrating NGS Sample Preparation Market analysis and trends - Global Banking & Finance Review — This image showcases an infographic summarizing key segments and benefits of the NGS Sample Preparation Market, highlighting statistical insights and forecasts for 2021 to 2027.

The power tools market prospect stays optimistic with firm market fundamentals projected to sustain momentum. In case it is integrated connectivity, battery performance, design, and ergonomics, innovations in this field are keeping the producers on the hooks. The global power tools market is slated to record a CAGR of 6% during the forecast period of 2020-2030.

Key Developments & Product Innovation

Rising preference for electric power tools among the consumers is anticipated to influence market players to broaden their product portfolio. Companies such as Milwaukee and Bosch have presented on new battery platforms that have solutions for innumerable problems encountered by end-users based on durability and charging. Based on wireless transmission of switching magnetic fields, inductive charging is a novel technology that is at present only presented by Bosch.

To remain ‘ahead’ of your competitors, request for a sample>>> https://www.futuremarketinsights.com/reports/sample/rep-gb-760

Key Takeaways of Market Study

The global market will foresee higher implementation in the industrial sector, therefore, prompting the market to attain an estimation of US$ 58.2 Bn by 2030.
Based on end-use, the DIY/individual trend has proliferated during the COVID-19 crisis as individuals are increasingly buying these tools to do minor household jobs.
Power tools are seeing increased implementation in the automotive sector. With the power tools ability to execute heavy-duty tasks, for example, metal sheets cutting, producers in the automotive sector are taking advantage of these for increased sales

Impact of COVID-19 on the Market

The power tools market is amid near-term variations with halted production and sluggish demand at production facilities. The first half of 2020 has foreseen a considerable drop in both volume and value for power tools, due to the outbreak of coronavirus in China, one of the biggest production hubs for power tools.

Restriction on discretional spending and stalled projects is a negating requirement in the construction industry. As manufacturing resumes and begins to hit an even keel, producers will limit their reliance on mainstream end-uses to other areas to endure the widespread uncertainty.

Get Access to Research Methodology Prepared by Experts>>> https://www.futuremarketinsights.com/ask-question/rep-gb-760

Regional Insights

Post-COVID-19, the expansion of the power tools market is poised to be the maximum in the APAC region. With the recommencement of production and trade in China, companies will also target nations such as India for reduced dependency on supply chains and re-shoring to China. Until now the low cost of China produced power tools was keeping up the competition scenario. This will vary in the aftermath of the COVID-19 situation as impacted regions look at bringing down their reliance on China

Competition Landscape

One of the top players, Stanley Black and Decker is in the global market offering its solutions for storage, several power tools, as well as related accessories. For example, its pro coping saw and retractable utility knives not only offers a reformed grip and additionally quicker blade replacement.