Power Tools Market Report 2025

This Power Tools report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The power tools market size has grown strongly in recent years. It will grow from $41.51 billion in 2024 to $44.36 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in construction and diy industries, expansion of manufacturing and fabrication, demand for efficient and cordless tools, increase in home improvement projects, regulatory standards for tool safety.

The power tools market size is expected to see strong growth in the next few years. It will grow to $59.97 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to customized power tool solutions for specific trades, sustainable and eco-friendly power tool designs, growth in electric and cordless tool options, innovation in smart and connected power tools, increased use in precision and microtools. Major trends in the forecast period include smart and iot-enabled power tools, regulatory compliance in power tool safety, ergonomic and user-friendly tool designs, personalized power tool kits for professionals, transparency in tool performance and maintenance.

The growth in the industrial sector has significantly fueled the expansion of the power tools market. This sector encompasses a wide array of economic activities related to the large-scale production, manufacturing, and processing of goods and services. As various industrial sectors - including automotive, aerospace, and manufacturing - continue to grow, the demand for power tools for both production and maintenance purposes is increasing. For instance, in July 2023, Eurostat, a UK-based government statistical agency, reported a 0.2% increase in industrial output within the European area, while a 0.1% increase was noted in the European Union between May and April 2023. Consequently, this upward trend in the global industrial sector is expected to drive further growth in the power tools market, as companies seek efficient and effective tools to enhance productivity and meet rising demands.

The rapid expansion of the construction industry is expected to significantly drive the growth of the power tools market. The construction industry focuses on the manufacturing and trade of building, maintaining, and repairing structures, where power tools play a crucial role due to their ability to enhance efficiency, accuracy, and worker safety. For example, a report from the Office for National Statistics, published in March 2023, indicated that in the fourth quarter of 2022, construction production in the UK increased by 0.3% compared to the previous quarter. Furthermore, following a record growth of 12.8% in 2021, the annual production of construction rose by 5.6% in 2022 compared to 2021. This ongoing expansion in the construction sector is driving demand for power tools, as builders and contractors seek advanced tools to meet increasing project requirements and ensure high-quality results.

New product innovations have emerged as a key trend gaining traction in the power tools market. Major companies in this sector are actively developing innovative products to maintain their competitive edge. For example, in January 2023, Bosch Power Tools, an India-based manufacturer known for its power tools in the construction, woodworking, and metalworking industries, launched the GWS 800 Professional. This addition to its extensive range of angle grinders is a "Make-in-India" product specifically designed to fit the palm size of the average Indian user. Weighing just 1.6 kg, the GWS 800 Professional is engineered to minimize arm fatigue, even during overhead applications. Furthermore, the tool is equipped with a metal flange and high-quality carbon brushes, ensuring easy maintenance and long-lasting performance. Such innovations not only enhance user comfort and efficiency but also reflect the industry’s commitment to meeting the evolving needs of its customers.

Companies in the power tools market are strategically focusing on compact and battery-powered innovations to reduce energy consumption and enhance tool handling. Battery-powered tools, utilizing batteries as their energy source, provide flexibility and mobility without the constraints of a power cord. For example, in January 2023, Hilti Corporation, a Liechtenstein-based construction and building maintenance manufacturing company, unveiled over 30 new cordless tools in its Nuron battery-powered tools portfolio, designed for commercial construction applications. These tools include the NCV 10-22 ultimate concrete vibrator, NCV 4-22 pencil concrete vibrator, SB 6-22 wide-mouth cordless band saw, and DSH 700-22 rear-handle cordless cut-off saw.

In August 2022, Koki Holdings America Ltd., a US-based manufacturer of industrial adhesives and bonding solutions, merged with Metabo HPT and Metabo Power Tools for an undisclosed amount. This strategic initiative aims to enhance operational efficiency and strengthen market presence for both brands by consolidating their headquarters, factory service center, and distribution functions in Braselton, Georgia. The merger is expected to leverage the strengths of both companies, particularly in advanced battery technologies and tool offerings, allowing them to more effectively serve both residential and industrial markets. Metabo Power Tools, a Germany-based manufacturer, is renowned for its high-performance power tools, and this partnership positions them to expand their reach and innovate further within the power tools sector.

Major companies operating in the power tools market include Stanley Black & Decker Inc., Robert Bosch GmbH, Techtronic Industries Co. Ltd., Makita Corporation, Hilti Corporation, Atlas Corp., Ingersoll Rand Inc., Snap-on Incorporated, Apex Tool Group Corp., Hitachi Koki Ltd., Emerson Electric Co., Enerpac Tool Group Corp., Carborundum Universal Limited, Electrex India Limited, Husqvarna AB, Panasonic Corporation, Kyocera Corporation, Ridgid Tools Company, Andreas Stihl AG & CO. KG, YAMABIKO Corporation, KEN Holding Co. Ltd., Dynabrade Power Tools Pvt. Ltd., Delta Machinery Corp., Chervon Corp., Diamond Products Ltd., Einhell Germany AG, Elliott Tool Technologies Ltd., Festool Group GmbH & Co. KG, Ideal Industries Inc., Illinois Tool Works Inc., Metabo Power Tools SA Ltd., OLFA Corp., Positec Technology Co. Ltd., Sandvik AB.

Asia-Pacific was the largest region in the power tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power tools market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the power tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Power tools are employed to accelerate the completion of tasks that would otherwise take much longer using traditional tools. These tools encompass a variety of energy-efficient devices powered by electricity, internal combustion, and compressed air. Any equipment propelled by a source other than the human body is categorized as a power tool, with the most common power sources being electric motors and, in some cases, gasoline.

The primary types of power tools include drilling and fastening tools, demolition tools, routing tools, sawing tools, cutting tools, material removal tools, and other tool types. Drilling and fastening tools are utilized to create holes of varying sizes in a given task. Drilling, often performed with a drilling machine, is a metal removal technique. Operations such as drilling, reaming, and boring can be accomplished using these tools. Power tools operate through various modes, including electric, pneumatic, and others, and are distributed through online and offline channels. These tools find applications in diverse industries such as construction, automotive, aerospace, energy, electronics, and others.

The power tools market research report is one of a series of new reports that provides power tools market statistics, including power tools industry global market size, regional shares, competitors with a power tools market share, detailed power tools market segments, market trends and opportunities and any further data you may need to thrive in the power tools industry. This power tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The power tools market consists of sales of demolition hammers, chopsaws, angle grinders, miter Saw. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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