Market Overview:
The global multi-tool power tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cordless multi-tool power tools from household and contractor applications. Additionally, the growing construction industry in emerging economies is also contributing to the growth of the global multi-tool power tools market. North America accounted for majority of the share in terms of revenue in 2017 and is expected to maintain its dominance during the forecast period.
Product Definition:
A multi-tool power tool is a handheld device that combines several tools into one unit. Multi-tool power tools are often used by construction workers, electricians, and other professionals who need to have a variety of tools at their disposal. Multi-tool power tools can be used for a variety of purposes, including cutting metal, drilling holes in wood or metal, and sanding surfaces.
Cordless:
Cordless power tools have been gaining popularity among the consumers due to its convenience and flexibility. These tools are battery-powered, which eliminates the need for plugging into an electrical outlet. The growing trend of Do-It-Yourself (DIY) activities has increased the demand for lightweight, easy to use equipment that offers improved safety and greater operational mobility.
Corded:
Corded power tools are powered through an electric cord, and they are more efficient as compared to their battery-powered counterparts. The primary benefit of these tools is that they do not require any external source of power other than the one provided by the manufacturer. This eliminates the need for buying additional batteries or charging units, thereby saving both time and money.
Application Insights:
The household segment dominated the global multi-tool power tools market, accounting for more than 50.0% share of the overall revenue in 2017. The growth can be attributed to increasing working population and rapid urbanization, especially in developing regions such as Asia Pacific and Latin America. In addition, growing awareness regarding electrical safety is also expected to drive demand over the forecast period.
The contractors' application segment is expected to expand at a CAGR of XX%, in terms of revenue from 2018 to 2030 owing to rising demand for high performance cutting tools by construction workers onsite or offsite locations across various industries worldwide including automotive, building & construction and industrial applications among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction activities and rising disposable income of consumers. Furthermore, government initiatives encouraging people to adopt energy-efficient products are anticipated to drive product demand in this region. For instance, China has implemented a National Energy Conservation Law that promotes energy efficiency among various industrial sectors including power tools industry.
North America accounted for a significant share of revenue in 2017 owing with high spending on home improvement activities across U.S., which resulted into increased sales volume of multi-tool power tools across this region as well as Europe and Asia Pacific regions (excluding Middle East & Africa). However, slow economic growth along with limited new housing constructions may hinder regional market expansion over the next eight years due North American Free Trade Agreement (NAFTA) allowing free trade agreement between U.S.
Growth Factors:
- Increasing demand for multi-tool power tools in the construction and automotive industries due to their versatility and efficiency.
- Rising popularity of DIY projects and home improvement initiatives, which is driving demand for multi-tool power tools among consumers.
- Growing awareness about the benefits of using multi-tool power tools among professionals and hobbyists alike.
- Technological advancements that have led to the development of more efficient and versatile multi-tool power tools models in recent years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-Tool Power Tools Market Research Report
By Type
Cordless, Corded
By Application
Household, Contractors, Others
By Companies
C. & E. Fein GmbH, TTI, Stanley BLACK+DECKER (DeWalt), Positec Group, Bosch, Hitachi Koki, Makita Tools, Festool, DEVON (Chevron Group), Einhell, Emerson Electric (Ridgid), Richpower Industries (Genesis), CROWN, Dongcheng
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Multi-Tool Power Tools Market Report Segments:
The global Multi-Tool Power Tools market is segmented on the basis of:
Types
Cordless, Corded
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
Household, Contractors, Others
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:
- C. & E. Fein GmbH
- TTI
- Stanley BLACK+DECKER (DeWalt)
- Positec Group
- Bosch
- Hitachi Koki
- Makita Tools
- Festool
- DEVON (Chevron Group)
- Einhell
- Emerson Electric (Ridgid)
- Richpower Industries (Genesis)
- CROWN
- Dongcheng
Highlights of The Multi-Tool Power Tools 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:
- Cordless
- Corded
- By Application:
- Household
- Contractors
- Others
- 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 Multi-Tool Power Tools 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.
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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?
Multi-Tool Power Tools is a category of power tools that includes a variety of different types of hand-held tools. These tools can be used for various purposes, such as carpentry, construction, and home improvement.
Some of the major companies in the multi-tool power tools market are C. & E. Fein GmbH, TTI, Stanley BLACK+DECKER (DeWalt), Positec Group, Bosch, Hitachi Koki, Makita Tools, Festool, DEVON (Chevron Group), Einhell, Emerson Electric (Ridgid), Richpower Industries (Genesis), CROWN, Dongcheng.
The multi-tool power tools market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-Tool Power Tools 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 Multi-Tool Power Tools Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Multi-Tool Power Tools 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 Multi-Tool Power Tools 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 Multi-Tool Power Tools Market Size & Forecast, 2020-2028 4.5.1 Multi-Tool Power Tools Market Size and Y-o-Y Growth 4.5.2 Multi-Tool Power Tools Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cordless
5.2.2 Corded
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Contractors
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-Tool Power Tools 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 Multi-Tool Power Tools 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cordless
9.6.2 Corded
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 Market Size Forecast by Applications
9.10.1 Household
9.10.2 Contractors
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cordless
10.6.2 Corded
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 Market Size Forecast by Applications
10.10.1 Household
10.10.2 Contractors
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cordless
11.6.2 Corded
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 Market Size Forecast by Applications
11.10.1 Household
11.10.2 Contractors
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cordless
12.6.2 Corded
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 Market Size Forecast by Applications
12.10.1 Household
12.10.2 Contractors
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cordless
13.6.2 Corded
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) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Contractors
13.10.3 Others
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 Multi-Tool Power Tools Market: Competitive Dashboard
14.2 Global Multi-Tool Power Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 C. & E. Fein GmbH
14.3.2 TTI
14.3.3 Stanley BLACK+DECKER (DeWalt)
14.3.4 Positec Group
14.3.5 Bosch
14.3.6 Hitachi Koki
14.3.7 Makita Tools
14.3.8 Festool
14.3.9 DEVON (Chevron Group)
14.3.10 Einhell
14.3.11 Emerson Electric (Ridgid)
14.3.12 Richpower Industries (Genesis)
14.3.13 CROWN
14.3.14 Dongcheng