Semiconductor and Electronics Power Tools Market

The power tools market is estimated to grow at a CAGR 3.26% rate during the forecast period. Key factors driving the market growth include growing adoption of cordless power tools, increasing sales of commercial vehicles, rising demand for fastening tools in industrial environments, and growing construction industry in emerging economies. However, the high maintenance cost of power tools and fluctuations in raw material prices may hamper the growth of the market.

Material removal tools to grow at a significant rate during the forecast period. Material removal tools such as grinders are used for abrasive cutting, grinding, and polishing applications. They are mostly used in metal fabrication shops, automotive worksites, and construction sites. Other material removal tools, such as belt sanders, delta sanders, and orbital sanders, are used in industrial and residential applications. Rising demand for material removal tools in industries such as automotive, motor vehicle, and aerospace is driving the growth of the market.

The market for electric-powered equipment to grow at a higher CAGR during the forecast period. Increasing demand for cordless electric power tools is driving market growth. Power tool manufacturers are focusing on producing cordless tools by launching cordless versions of electric power tools types. The growth of electric power tools is driven by innovations in lithium-ion battery technology. The energy density of lithium-ion is typically twice than that of the standard nickel–cadmium. In addition, self-discharge in a lithium-ion battery is less than half when compared with nickel–cadmium when the tool is not in use.

APAC is expected to grow at the highest CAGR. The power tools market in this region is expected to grow at the fastest rate during the forecast period. Rising urbanization, growing manufacturing industry, and increasing automotive sales in this region are the key factors driving the growth of the market in APAC. China and India are the major countries in APAC that are witnessing significant growth in GDP.

Key Market Players includes Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated (US)

Key Questions Addressed by the Report

  • How the shift from pneumatic to electric and corded to cordless will change the revenue mix of the manufacturers?
  • Which power tool type is expected to have the highest demand in the future?
  • Who are the top 5 players in the power tools market?
  • What are the growth opportunities for manufacturers in residential and industrial applications?
  • How tool manufacturers can tap high growth opportunities in the market?

  1. Introduction
  2. Market Definition
  3. Study Scope
  4. Study Period
  5. Market Stakeholders
  6. Research Methodology
  7. Secondary Research
  8. Primary Research
  9. Research Design
  10. Data Validation
  11. Limitations and Assumptions
  12. Market Dynamics
  13. Drivers
  14. Growing Adoption of Cordless Power Tools
  15. Increasing Sales of Commercial Vehicles
  16. Rising Demand for Electric Fastening Tools in Industrial Environments
  17. Growing Construction Industry in Emerging Countries
  18. Challenges
  19. High Maintenance cost
  20. Raw Material Price Fluctuation
  21. Designing Ergonomic and Lightweight Power Tools
  22. Regulatory Compliance and Power Tool Safety
  23. Opportunities
  24. Fastening Tools in Wind Energy Industry
  25. Smart Connectivity in Power Tools
  26. Connected Power Tools for Industry 4.0
  27. Executive Summary
  28. Power Tools Market, By Tool Type
  29. Drilling and fastening tools
  30. Drills
  31. Impact drivers
  32. Impact wrenches
  33. Screwdrivers and nutrunners
  34. Demolition tools
  35. Sawing and cutting tools
  36. Jigsaws
  37. Reciprocating saws
  38. Circular saws
  39. Band saws
  40. Shears and nibblers
  41. Material removal tools
  42. Sanders/polishers/buffers
  43. Grinders
  44. Routing tools
  45. others
  46. Power Tools Market, By Mode of Operation
  47. Electric
  48. Corded tools
  49. Cordless tools
  50. Pneumatic
  51. Others
  52. Power Tools Market, By Application
  53. Industrial/professional
  54. Construction
  55. Automotive
  56. Aerospace
  57. Energy
  58. Shipbuilding
  59. Others
  60. Residential/DIY
  61. Power Tools Market, By Region
  62. North America
  63. US
  64. Canada
  65. Mexico
  66. Europe
  67. UK
  68. Germany
  69. France
  70. Italy
  71. Rest of Europe
  72. Asia Pacific
  73. Japan
  74. China
  75. India
  76. South Korea
  77. Rest of APAC
  78. Rest of the World
  79. South America
  80. Middle East and Africa
  81. Company Profiles
  82. Leading Companies in Power Tools Market
  83. Stanley Black & Decker
  84. Bosch
  85. Techtronic Industries (TTI)
  86. Makita
  87. Hilti
  88. Atlas Copco
  89. APEX Tool Group
  90. Ingersoll-Rand
  91. Snap-On
  92. Koki Holdings
  93. Other Companies in Power Tools Market

*Company introduction, financial information, recent developments, SWOT analysis

  1. Conclusion and Recommendations
  2. Appendix
  3. About
  4. Related Reports
  5. Glossary

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