Market Overview:
The global handheld power tool market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The increasing demand for handheld power tools in residential applications, construction, industrial use, automotive and other applications are the major factors driving the growth of this market. Additionally, the growing demand for electric power tools as compared to pneumatic and hydraulic power tools is also propelling the growth of this market. However, fluctuations in raw material prices may hamper the growth of this market during the forecast period.
Product Definition:
A handheld power tool is a type of power tool that can be operated with one hand. They are often used to drill holes, cut wood or metal, sand surfaces and more.
Electric Power Tool:
An electric power tool (EPT) is a self-contained mechanical device that comprises an electrical motor, one or more power sources such as rechargeable batteries, and electronic control circuits. The term “power tool” is often used interchangeably with the term “handheld power tools”; however, they are two distinct concepts.
Pneumatic Power Tool:
Pneumatic power tools are used to apply high force in a controlled manner. The pneumatic power tool uses compressed air as an energy source to perform work on the construction site, industrial operation, or household activity. Pneumatic Power Tools can be categorized into two types as fixed pressure and variable pressure. Variable Pressure Power Tool (VPPM) is also known as Air-Lift Portable Power Tool (APT).
Application Insights:
The construction segment accounted for the largest share of over 30.0% in 2017 and is anticipated to witness significant growth over the forecast period. The increasing number of residential and commercial construction activities across various regions is expected to drive the demand for handheld power tools, thereby supporting market growth.
The industrial use segment was valued at USD 478.1 million in 2017 owing to its wide application in manufacturing industries including metal, plastic, paper, mining & quarrying as well as glass & ceramics among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in construction activities, which is likely to drive product demand. In addition, rising disposable income levels and changing lifestyles are anticipated to fuel regional product demand. Europe also held a significant share of global revenue in 2017 owing to high adoption of power tools driven by increasing need for convenient tooling that can be used anywhere at anytime as well as increased efficiency resulting from technological advancements made with handheld power tools.
North America accounted for a significant share of revenue due to growing consumer awareness regarding benefits offered by these products such as convenience, portability along with ability offer enhanced performance compared with traditional counterparts such as corded ones. Moreover, presence of key players undertaking extensive expansion strategies will support regional growth over the forecast period (2018-2030).
Growth Factors:
- Increasing demand for handheld power tools in the construction and automotive industries.
- Rising demand from emerging markets such as China and India.
- Growing popularity of cordless handheld power tools among consumers due to their convenience and portability.
- Increasing adoption of handheld power tools in DIY applications by homeowners and hobbyists.
- Technological advancements that result in better performance, durability, and safety features of handheld power tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Handheld Power Tool Market Research Report
By Type
Electric Power Tool, Pneumatic Power Tool, Hydraulic Power Tool
By Application
Residential Applications, Construction, Industrial Use, Automotive, Other Applications
By Companies
Bosch, Stanley Black & Decker, Makita, Hilti, TTI, Hitachi Koki, Festool (TTS), Snap-on, Husqvarna, Interskol, Bosch, Baier, Collomix, Metabo, Milwaukee Electric Tool (TTI), Copper (Eaton)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Handheld Power Tool Market Report Segments:
The global Handheld Power Tool market is segmented on the basis of:
Types
Electric Power Tool, Pneumatic Power Tool, Hydraulic Power Tool
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Applications, Construction, Industrial Use, Automotive, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Stanley Black & Decker
- Makita
- Hilti
- TTI
- Hitachi Koki
- Festool (TTS)
- Snap-on
- Husqvarna
- Interskol
- Bosch
- Baier
- Collomix
- Metabo
- Milwaukee Electric Tool (TTI)
- Copper (Eaton)
Highlights of The Handheld Power Tool Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Power Tool
- Pneumatic Power Tool
- Hydraulic Power Tool
- By Application:
- Residential Applications
- Construction
- Industrial Use
- Automotive
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Handheld Power Tool Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A handheld power tool is a powered hand tool that is held in the user's hand.
Some of the key players operating in the handheld power tool market are Bosch, Stanley Black & Decker, Makita, Hilti, TTI, Hitachi Koki, Festool (TTS), Snap-on, Husqvarna, Interskol, Bosch, Baier, Collomix, Metabo, Milwaukee Electric Tool (TTI), Copper (Eaton).
The handheld power tool market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Handheld Power Tool Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Handheld Power Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Handheld Power Tool Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Handheld Power Tool Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Handheld Power Tool Market Size & Forecast, 2018-2028
4.5.1 Handheld Power Tool Market Size and Y-o-Y Growth
4.5.2 Handheld Power Tool Market Absolute $ Opportunity
Chapter 5 Global Handheld Power Tool Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Handheld Power Tool Market Size Forecast by Type
5.2.1 Electric Power Tool
5.2.2 Pneumatic Power Tool
5.2.3 Hydraulic Power Tool
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Handheld Power Tool Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Handheld Power Tool Market Size Forecast by Applications
6.2.1 Residential Applications
6.2.2 Construction
6.2.3 Industrial Use
6.2.4 Automotive
6.2.5 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Handheld Power Tool Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Handheld Power Tool Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Handheld Power Tool Analysis and Forecast
9.1 Introduction
9.2 North America Handheld Power Tool Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Handheld Power Tool Market Size Forecast by Type
9.6.1 Electric Power Tool
9.6.2 Pneumatic Power Tool
9.6.3 Hydraulic Power Tool
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Handheld Power Tool Market Size Forecast by Applications
9.10.1 Residential Applications
9.10.2 Construction
9.10.3 Industrial Use
9.10.4 Automotive
9.10.5 Other Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Handheld Power Tool Analysis and Forecast
10.1 Introduction
10.2 Europe Handheld Power Tool Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Handheld Power Tool Market Size Forecast by Type
10.6.1 Electric Power Tool
10.6.2 Pneumatic Power Tool
10.6.3 Hydraulic Power Tool
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Handheld Power Tool Market Size Forecast by Applications
10.10.1 Residential Applications
10.10.2 Construction
10.10.3 Industrial Use
10.10.4 Automotive
10.10.5 Other Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Handheld Power Tool Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Handheld Power Tool Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Handheld Power Tool Market Size Forecast by Type
11.6.1 Electric Power Tool
11.6.2 Pneumatic Power Tool
11.6.3 Hydraulic Power Tool
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Handheld Power Tool Market Size Forecast by Applications
11.10.1 Residential Applications
11.10.2 Construction
11.10.3 Industrial Use
11.10.4 Automotive
11.10.5 Other Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Handheld Power Tool Analysis and Forecast
12.1 Introduction
12.2 Latin America Handheld Power Tool Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Handheld Power Tool Market Size Forecast by Type
12.6.1 Electric Power Tool
12.6.2 Pneumatic Power Tool
12.6.3 Hydraulic Power Tool
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Handheld Power Tool Market Size Forecast by Applications
12.10.1 Residential Applications
12.10.2 Construction
12.10.3 Industrial Use
12.10.4 Automotive
12.10.5 Other Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Handheld Power Tool Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Handheld Power Tool Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Handheld Power Tool Market Size Forecast by Type
13.6.1 Electric Power Tool
13.6.2 Pneumatic Power Tool
13.6.3 Hydraulic Power Tool
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Handheld Power Tool Market Size Forecast by Applications
13.10.1 Residential Applications
13.10.2 Construction
13.10.3 Industrial Use
13.10.4 Automotive
13.10.5 Other Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Handheld Power Tool Market: Competitive Dashboard
14.2 Global Handheld Power Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Stanley Black & Decker
14.3.3 Makita
14.3.4 Hilti
14.3.5 TTI
14.3.6 Hitachi Koki
14.3.7 Festool (TTS)
14.3.8 Snap-on
14.3.9 Husqvarna
14.3.10 Interskol
14.3.11 Bosch
14.3.12 Baier
14.3.13 Collomix
14.3.14 Metabo
14.3.15 Milwaukee Electric Tool (TTI)
14.3.16 Copper (Eaton)
