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Power Tools Market Size, Share & Industry Analysis, By Mode of Operation (Electric, Pneumatic, Others), By Tool Type (Frilling & Fastening Tools, Material Removal Tools, Sawing and Cutting Tools, Demolition Tools, Others), By Application (DIY, Industrial), and Regional Forecast, 2019-2026

Region : Global | Format: PDF | Report ID: FBI101444



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Power tool is primarily used to cut, wrench, saw, drill, and to polish the material. Various industries such as automotive, construction, aerospace, oil and gas, petrochemical, etc. has transformed by using handy and energy-efficient tools. These tools are easy to use, thus provides comfort while operating, which allows in achieving elevated results.

Furthermore, the market is expected to grow significantly in the coming future, owing to the adoption of cordless equipment resulting in increased operating hours. However, factors such as high costs and maintenance of moving parts, fluctuations in prices of raw materials are hampering the growth of the market.

Companies sell their products in two divisions, i.e. professional and consumer products. Professional products include corded or cordless power tools, such as pneumatic and fasteners (wrenches and drivers, drills, saws, guns, nails, concrete, masonry anchors, etc.). On the other side, hedge trimmers, string trimmers, lawn movers, edgers are few gardening products that falls under consumer product division.

Moreover, by following new power tools industry trends in the market, several companies are working continuously on developing products that requires low maintenance and can provide multi-purpose operations with lower prices. For instance, in March 2020, Robert Bosch Tool Corporation has launched a product named “Chameleon”, which is a cordless power tool machine. It is a 5-in-1 drill/driver system integrated with CORE18V battery.


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Development of Multi-purpose Products and their Accessories is Boosting the Market Growth

Companies such as Atlas Copco AB, Danaher Corporation, Robert Bosch Tool Corporation, and Techtronic Industries Co. Ltd., are working in developing energy-efficient products with innovative technologies. Industry leaders are also focused on developing multi-purpose machines that can be used precisely while conducting numerous operations. On the other side, the consumers are expecting cordless products that are easy to operate on high-torque, light in weight, compact and efficient. Therefore, the increasing demand for error-less products from consumers is allowing the companies to achieve their height of disruptive innovation. For instance, Milwaukee Tool has recently launched cordless nailer, named as M18 FUEL. This product is designed to deliver great productivity and comfort. It is also designed to fulfill the consumer’s house-hold daily requirements.

Hence, the development of new and innovative products is allowing the market to spur in the forecast period.


Growth in Construction Industry and Manufacturing Sector in Emerging Economies

Rapid growth in the construction industry is a major factor that is influencing the growth of the market. Key industry players in this market are manufacturing both cord and cordless tools that allows construction workers to use them wherever they want to. Among corded and cordless power tools, cordless are mostly preferred in the construction industry.

Moreover, increasing use of these tools in the manufacturing sector is also playing an important role in pushing the market in the upward direction. Many times, small and mid-sized manufacturing enterprises are bound to use power tools, owing to their flexibility and capability of delivering productive solutions to their customers.

Furthermore, to provide better products to the end users, leading manufacturers across the globe are collaborating with each other. This is allowing manufacturers to develop efficient products, especially for the employees working in construction industry and manufacturing sector. For instance, in May 2018, Robert Bosch Tool Corporation and Triax Technologies, Inc. partnered to develop tracking solution device, which will allow construction firms to track equipment and tool location, monitor real-time worker, asset utilization and safety data.


Price Fluctuations of Raw Materials is Hindering to the Market Growth

Power tools are expected to generate huge demand from industrialized countries, such as US, U.K., Japan, China, India and many more. However, price fluctuations of raw materials is an important factor that is affecting the growth of the market. Generally, such equipment are made up of material such as steel, metal and aluminum. Such materials are usually imported from other countries and the price fluctuations majorly depend on the exchange rates and increasing volatility of the markets.

Hence, regular price fluctuation in raw materials is the primary factor that is hampering the growth of the market.


By Mode of Operation

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Adoption Electric Power Tools is Expected to Dominate the Market

On the basis of mode of operation, the market is categorized into electric, pneumatic and others which include hydraulic tools. Among these, electric power tools, which includes cordless and corded tools, remains dominant and also is anticipated to witness a notable growth. Moreover, it is been observed that electric tools have revolutionized the work culture of industries such as automotive, construction, etc., as it saves the time and efforts required for conducting various operations. According to The European Power Tool Association, the rechargeable battery industry beholds a heavy investment in the research & development activities. As a result, cordless tools are expected to witness a huge demand during the forecast period

Furthermore, the demand for pneumatic power tools is estimated to slow down as these pneumatic tools are expected to be replaced by electric tools. Pneumatic tools work on compressed air and are conventional in nature but are resulting in overuse of energy. According to the U.S. Department of Energy, the tools that are powered with compressed air are less efficient for any manufacturing plant and also such tools are frequently used inaccurately. Therefore, the demand of these tools are anticipated to deteriorate over the forecast period.

Other tools such as hydraulic tools are anticipated to have a moderate growth over the forecast period.

By Tool Type Analysis

Drilling and Fastening Tools Will Witness Huge Demand in the Forecast Period

In the scope of study, power tools are divided in to drilling & fastening tools, material removal tools, sawing and cutting tools, demolition tools and others, which include the routing tools.

Drilling and fastening tools are estimated to hold the highest market share in 2018. This is attributed by the advancements inculcated in the drilling technology by the power tools manufacturers. These advancements have enhanced the characteristics such as resistance to the unbalanced temperature, high resistance to shocks and vibrations and increased durability.

Material removal tools are anticipated to witness the highest growth, owing to their demand across the car factories, metal processing workshops, and other industrial sites. Material removal tools such as grinders, sanders and others are also having considerable penetration across the residential and industrial projects.

Sawing and demolition tools are projected to grow moderately as they have not much hold compared to the drilling and material removal tools.

By Application Analysis

Do-it-Yourself (DIY) Tools Application Segment is Expected to Hold the Highest Market Share During the Forecast Period

The Do-it-Yourself (DIY) application is projected to have a remarkable impact on the market owing to the growth and trend witnessed by the DIY enthusiasts. This is mainly due to the increasing spending capability and increasing households across the developed and developing countries. Furthermore, there is a broad spectrum of creative DIY enthusiasts who are focusing on getting equipped with the necessary power tools. This in turn has attracted the players to focus to manufacture tools that can be used across the DIY application.

On a perpetual note, it has been noticed that major manufacturers such as Robert Bosch GmbH, Stanley and Decker are majorly emphasizing on manufacturing these tools that can be user friendly. For instance, Robert Bosch introduces sensor technology for such tools that can make them more intelligent and reduce the risk of injury. Owing to these initiatives and a positive response received from the users, DIY application segment is expected propel the market revenue.

Industrial sector segment is anticipated to dominate the market but is expected to witness moderate growth over the forecast period. The dominance of this sector is due to the demand of the tools across the aerospace, automotive, energy and power, construction and others. Despite of its dominance, the depreciation in the growth rate is due to the increasing competitive pressure and also the reluctance to convince the industrialists to switch from the manual to power tools.


Asia Pacific Power Tools Market Size, 2018 (USD Billion)

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By region, the global market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Among these, the market in Asia Pacific has proven to be the dominant and the exponentially growing region. The demand for power tools is directly proportional to the increase in the industrialization, infrastructure development and urbanization. Compiled with it, is the increasing number of the Chinese players that are gaining control over the market and also providing tools at a competitive pricing. Moreover, India is expected to witness a significant growth for the market.

Followed by Asia Pacific, the market in the Middle East and Africa  is also projected to have a positive impact for the market. This is mainly to the growing industrialization across the construction, power and energy, oil & gas sectors. Furthermore, players are also finding these regions to be potential to expand their business portfolio.

Europe and North America are expected to grow at a steady growth rate during the forecast period. These regions are considered to be relatively mature and therefore are not able witness a substantial construction expenditure. Likewise, Latin America is also expected to grow at a very moderate rate.


Prominent players in this market, globally are working on developing smart tools for end users, which will be equipped with monitoring, locating and tracking technologies. Also, key industry leaders are adopting partnership and acquiring strategies to develop innovative products. They are also focused on increasing their footprints in different other developing countries.

List of Key Companies Profiled:


  • February 2020 – Makita Corporation launched innovative nailer named 18 Gauge 2” Brad Nailer (AF506). It is a cordless power tool and features better ergonomics and can be used at hard and soft wooden surfaces.

  • July 2017 – Atlas Copco changed the name of its Construction Technique business area into power technique. The company’s power technique will target multiple consumer and industrial segments, such as construction, oil and gas, petrochemicals and many more.


Major Companies are Focusing on Acquiring Small and Mid-sized Companies

Robert Bosch GmbH, Makita Corporation, Stanley, Black & Decker, Inc. and Hilti Corporation are the major companies in this market. These companies are likely to hold approximately 50% - 55% of the market share. Moreover, these companies have strong presence in Asia Pacific, North America and Europe. Hence, major companies are focused on acquiring small and mid-sized companies that have strong local presence in the market. This strategy is allowing the companies to expand their business and customer base in other regions/countries.


The power tools market report focuses on leading regions across the globe to offer a better understanding to end-users. Moreover, the report offers insight of the industry dynamics and analyzes technologies that are utilized at a rapid pace across the world. It also displays some of the key factors and restraints to help the readers to gain in-depth knowledge about the market.

An Infographic Representation of Power Tools Market

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Study Period

  2015 – 2026

Base Year


Forecast Period

  2019 – 2026

Historical Period

  2015 – 2017


  Value (USD billion)


By Mode of Operation

  • Electric

  • Pneumatic

  • Others (Hydraulic, etc.)

By Tool Type

  • Drilling & Fastening Tools

  • Material Removal Tools

  • Sawing and Cutting tools

  • Demolition Tools

  • Others (Routing Tools etc.)

By Application

  • DIY

  • Industrial

By Region

  • North America (U.S. and Canada)

  • Europe (Germany, U.K., France and Rest of Europe)

  • Asia Pacific (China, India, Japan, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

Frequently Asked Questions

Fortune Business Insights says that the market was valued at USD 24.55 billion in 2018.

Fortune Business Insights says that the market is expected to reach USD 33.46 billion in 2026.

Growth of 4.0% CAGR will be observed in the market during the forecast period (2019-2026)

Within the mode of operation category, the electric category is expected to lead the market growth during the forecast period.

Growth in construction industry and manufacturing sector in emerging economies

Robert Bosch GmbH, Makita Corporation, Stanley, Black & Decker, Inc. and Hilti Corporation are the top companies in the market

The material removal tool category is expected to grow significantly at the highest CAGR.

The revenue of the market in Asia Pacific in 2018 was USD 8.44 billion.

Development of Multi-Purpose Products and their Accessories is Boosting the Market Growth

Power Tools Market Size, Share and Global Industry Trend Forecast till 2026
  • May, 2020
  • 2018
  • 2015-2017
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