Product Code: A05890
The global electric power tools market was valued at $70,164.7 million in 2021, and is projected to reach $124,425.37 million by 2031, registering a CAGR of 5.7% from 2022 to 2031. Electric power tools offer a diversified portfolio that could be used for any construction, manufacturing and material modification activity. In addition, the advancements in technology of electric power tools help in saving time of operation. Thus, this makes these tools suitable for applications in professional, residential and commercial establishments. These tools are available in corded and cordless platforms with varied power capacities. Initially, electric power tools were intended for small jobs, however, improved mechanisms and batteries have improved the functionality & penetration of use for large scale jobs. Further, electric power tools can be used for drilling, sawing, planning, cutting (metal, soft materials, wood, and others), grinding, compacting, hammering, and various other operations. Moreover lawn mowers that are used to cut and trim grass are also included in the scope as a customized part.
Surge in use of efficient power tools for various operations required during construction has led to increased penetration of electric power tools. Different operations such as cutting, chopping, drilling, hammering, and grinding can be easily completed with efficiency and ease with the usage of electric power tools. Thus, growth in adoption of electric power tools in the construction industry is expected to drive the growth of the electric power tools market. Moreover, the requirement of heavy-duty electric power tools has led to constant product development in terms of batteries, motors, and other technologies.
The surge in use of the technology has led to the integration of brushless motors in the electric power tools that led to the development in the electric power tools industry. Although brushless motor technology is not new, the adoption of brushless DC motors in both corded and cordless power tools has upgraded their capabilities to a large extent. Hence, the integration of brushless DC motors (BLDC) in electric power tools has revolutionized the electric power tools industry; thereby, propelling the growth of the electric power tools market. Furthermore, growth in popularity of cordless electric power tools, owing to its application in various remote locations, effortlessness of use, and portability are some of the factors that fuel the adoption of cordless tools. This increased adoption drives the growth of the overall electric power tools market globally.
Conversely, the high costs of manufacturing and maintaining the electric power tools are major restraining factors for the growth of the electric power tools market. The pneumatic power tools have been popular for a long time, owing to their high productive capacities and comparative lower costs than the electric counterparts. This is likely to negatively affect the growth of the electric power tools market.
The introduction of the automation technologies for controlling the operations performed by electric power tools has made it feasible for the operators to track, connect, and customize their tools on multiple jobsites and hence, attain more productivity through the same electric power tool. Such automation technologies are likely to assist in creating opportunities for the growth of electric power tools market during the forecast period. The electric power tools market is segmented on the basis of tool, motor type, application and region. By tool, the market is divided into drills, impact wrenches, hammers, saws, lawn mowers, vacuum cleaners and others. By motor type, the market is divided into brushed and brushless. By application, the market is divided into industrial and DIY.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the electric power tools market include Apex Tool Group, Atlas Copco AB, C&E Fein GmbH, Hilti Corporation, Ingersoll Rand Inc., Koki Holding, Co., Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker, Inc., Snap-on Incorporated and Techtronic Industries Co., Ltd. Major companies in the market have adopted product launch, business expansion, agreement and acquisition as their key developmental strategies to offer better products and services to customers in the electric power tools market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric power tools market analysis from 2021 to 2031 to identify the prevailing electric power tools market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electric power tools market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electric power tools market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Tools
- Drills
- Power input
- Corded
- Cordless
- Impact wrenches
- Power input
- Corded
- Cordless
- Hammers
- Power input
- Corded
- Cordless
- Saws
- Power input
- Corded
- Cordless
- Lawn Mowers
- Power input
- Corded
- Cordless
- Vacuum cleaners
- Power input
- Corded
- Cordless
- Others
- Power input
- Corded
- Cordless
By Motor type
By Application
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Middle East
- Africa
- Latin America
- Key Market Players
- Apex Tool Group, LLC
- Atlas Copco AB
- C&E Fein GmbH
- Hilti Corporation
- Ingersoll Rand Inc.
- Koki Holding, Co., Ltd.
- Makita Corporation
- Robert Bosch GmbH
- Stanley Black & Decker Inc.
- Snap-On Incorporated
- Techtronic Industries Co., Ltd
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: ELECTRIC POWER TOOLS MARKET, BY TOOLS
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Drills
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.2.4 Drills Electric Power Tools Market by Power input
- 4.2.4.1 Corded Market size and forecast, by region
- 4.2.4.2 Cordless Market size and forecast, by region
- 4.3 Impact wrenches
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.3.4 Impact wrenches Electric Power Tools Market by Power input
- 4.3.4.1 Corded Market size and forecast, by region
- 4.3.4.2 Cordless Market size and forecast, by region
- 4.4 Hammers
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.4.4 Hammers Electric Power Tools Market by Power input
- 4.4.4.1 Corded Market size and forecast, by region
- 4.4.4.2 Cordless Market size and forecast, by region
- 4.5 Saws
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
- 4.5.4 Saws Electric Power Tools Market by Power input
- 4.5.4.1 Corded Market size and forecast, by region
- 4.5.4.2 Cordless Market size and forecast, by region
- 4.6 Lawn Mowers
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market analysis by country
- 4.6.4 Lawn Mowers Electric Power Tools Market by Power input
- 4.6.4.1 Corded Market size and forecast, by region
- 4.6.4.2 Cordless Market size and forecast, by region
- 4.7 Vacuum cleaners
- 4.7.1 Key market trends, growth factors and opportunities
- 4.7.2 Market size and forecast, by region
- 4.7.3 Market analysis by country
- 4.7.4 Vacuum cleaners Electric Power Tools Market by Power input
- 4.7.4.1 Corded Market size and forecast, by region
- 4.7.4.2 Cordless Market size and forecast, by region
- 4.8 Others
- 4.8.1 Key market trends, growth factors and opportunities
- 4.8.2 Market size and forecast, by region
- 4.8.3 Market analysis by country
- 4.8.4 Others Electric Power Tools Market by Power input
- 4.8.4.1 Corded Market size and forecast, by region
- 4.8.4.2 Cordless Market size and forecast, by region
CHAPTER 5: ELECTRIC POWER TOOLS MARKET, BY MOTOR TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Brushed
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Brushless
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
CHAPTER 6: ELECTRIC POWER TOOLS MARKET, BY APPLICATION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Industrial
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 DIY
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
CHAPTER 7: ELECTRIC POWER TOOLS MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Tools
- 7.2.2.1 North America Drills Electric Power Tools Market by Power input
- 7.2.2.2 North America Impact wrenches Electric Power Tools Market by Power input
- 7.2.2.3 North America Hammers Electric Power Tools Market by Power input
- 7.2.2.4 North America Saws Electric Power Tools Market by Power input
- 7.2.2.5 North America Lawn Mowers Electric Power Tools Market by Power input
- 7.2.2.6 North America Vacuum cleaners Electric Power Tools Market by Power input
- 7.2.2.7 North America Others Electric Power Tools Market by Power input
- 7.2.3 North America Market size and forecast, by Motor type
- 7.2.4 North America Market size and forecast, by Application
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Market size and forecast, by Tools
- 7.2.5.1.2 Market size and forecast, by Motor type
- 7.2.5.1.3 Market size and forecast, by Application
- 7.2.5.2 Canada
- 7.2.5.2.1 Market size and forecast, by Tools
- 7.2.5.2.2 Market size and forecast, by Motor type
- 7.2.5.2.3 Market size and forecast, by Application
- 7.2.5.3 Mexico
- 7.2.5.3.1 Market size and forecast, by Tools
- 7.2.5.3.2 Market size and forecast, by Motor type
- 7.2.5.3.3 Market size and forecast, by Application
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Tools
- 7.3.2.1 Europe Drills Electric Power Tools Market by Power input
- 7.3.2.2 Europe Impact wrenches Electric Power Tools Market by Power input
- 7.3.2.3 Europe Hammers Electric Power Tools Market by Power input
- 7.3.2.4 Europe Saws Electric Power Tools Market by Power input
- 7.3.2.5 Europe Lawn Mowers Electric Power Tools Market by Power input
- 7.3.2.6 Europe Vacuum cleaners Electric Power Tools Market by Power input
- 7.3.2.7 Europe Others Electric Power Tools Market by Power input
- 7.3.3 Europe Market size and forecast, by Motor type
- 7.3.4 Europe Market size and forecast, by Application
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 Germany
- 7.3.5.1.1 Market size and forecast, by Tools
- 7.3.5.1.2 Market size and forecast, by Motor type
- 7.3.5.1.3 Market size and forecast, by Application
- 7.3.5.2 UK
- 7.3.5.2.1 Market size and forecast, by Tools
- 7.3.5.2.2 Market size and forecast, by Motor type
- 7.3.5.2.3 Market size and forecast, by Application
- 7.3.5.3 France
- 7.3.5.3.1 Market size and forecast, by Tools
- 7.3.5.3.2 Market size and forecast, by Motor type
- 7.3.5.3.3 Market size and forecast, by Application
- 7.3.5.4 Italy
- 7.3.5.4.1 Market size and forecast, by Tools
- 7.3.5.4.2 Market size and forecast, by Motor type
- 7.3.5.4.3 Market size and forecast, by Application
- 7.3.5.5 Rest of Europe
- 7.3.5.5.1 Market size and forecast, by Tools
- 7.3.5.5.2 Market size and forecast, by Motor type
- 7.3.5.5.3 Market size and forecast, by Application
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Tools
- 7.4.2.1 Asia-Pacific Drills Electric Power Tools Market by Power input
- 7.4.2.2 Asia-Pacific Impact wrenches Electric Power Tools Market by Power input
- 7.4.2.3 Asia-Pacific Hammers Electric Power Tools Market by Power input
- 7.4.2.4 Asia-Pacific Saws Electric Power Tools Market by Power input
- 7.4.2.5 Asia-Pacific Lawn Mowers Electric Power Tools Market by Power input
- 7.4.2.6 Asia-Pacific Vacuum cleaners Electric Power Tools Market by Power input
- 7.4.2.7 Asia-Pacific Others Electric Power Tools Market by Power input
- 7.4.3 Asia-Pacific Market size and forecast, by Motor type
- 7.4.4 Asia-Pacific Market size and forecast, by Application
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Market size and forecast, by Tools
- 7.4.5.1.2 Market size and forecast, by Motor type
- 7.4.5.1.3 Market size and forecast, by Application
- 7.4.5.2 Japan
- 7.4.5.2.1 Market size and forecast, by Tools
- 7.4.5.2.2 Market size and forecast, by Motor type
- 7.4.5.2.3 Market size and forecast, by Application
- 7.4.5.3 South Korea
- 7.4.5.3.1 Market size and forecast, by Tools
- 7.4.5.3.2 Market size and forecast, by Motor type
- 7.4.5.3.3 Market size and forecast, by Application
- 7.4.5.4 India
- 7.4.5.4.1 Market size and forecast, by Tools
- 7.4.5.4.2 Market size and forecast, by Motor type
- 7.4.5.4.3 Market size and forecast, by Application
- 7.4.5.5 Australia
- 7.4.5.5.1 Market size and forecast, by Tools
- 7.4.5.5.2 Market size and forecast, by Motor type
- 7.4.5.5.3 Market size and forecast, by Application
- 7.4.5.6 Rest of Asia-Pacific
- 7.4.5.6.1 Market size and forecast, by Tools
- 7.4.5.6.2 Market size and forecast, by Motor type
- 7.4.5.6.3 Market size and forecast, by Application
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Tools
- 7.5.2.1 LAMEA Drills Electric Power Tools Market by Power input
- 7.5.2.2 LAMEA Impact wrenches Electric Power Tools Market by Power input
- 7.5.2.3 LAMEA Hammers Electric Power Tools Market by Power input
- 7.5.2.4 LAMEA Saws Electric Power Tools Market by Power input
- 7.5.2.5 LAMEA Lawn Mowers Electric Power Tools Market by Power input
- 7.5.2.6 LAMEA Vacuum cleaners Electric Power Tools Market by Power input
- 7.5.2.7 LAMEA Others Electric Power Tools Market by Power input
- 7.5.3 LAMEA Market size and forecast, by Motor type
- 7.5.4 LAMEA Market size and forecast, by Application
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 Latin America
- 7.5.5.1.1 Market size and forecast, by Tools
- 7.5.5.1.2 Market size and forecast, by Motor type
- 7.5.5.1.3 Market size and forecast, by Application
- 7.5.5.2 Middle East
- 7.5.5.2.1 Market size and forecast, by Tools
- 7.5.5.2.2 Market size and forecast, by Motor type
- 7.5.5.2.3 Market size and forecast, by Application
- 7.5.5.3 Africa
- 7.5.5.3.1 Market size and forecast, by Tools
- 7.5.5.3.2 Market size and forecast, by Motor type
- 7.5.5.3.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Key developments
CHAPTER 9: COMPANY PROFILES
- 9.1 Apex Tool Group, LLC
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
- 9.2 Atlas Copco AB
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
- 9.3 C&E Fein GmbH
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
- 9.4 Hilti Corporation
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
- 9.5 Ingersoll Rand Inc.
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
- 9.6 Koki Holding, Co., Ltd.
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
- 9.7 Makita Corporation
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
- 9.8 Robert Bosch GmbH
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
- 9.9 Stanley Black & Decker Inc.
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
- 9.10 Snap-On Incorporated
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments
- 9.11 Techtronic Industries Co., Ltd
- 9.11.1 Company overview
- 9.11.2 Company snapshot
- 9.11.3 Operating business segments
- 9.11.4 Product portfolio
- 9.11.5 Business performance
- 9.11.6 Key strategic moves and developments