Market Overview:
The global planning power tools market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for cordless planning power tools from residential and construction applications. Additionally, the growing demand for these tools from industrial applications is also propelling the growth of this market. North America dominates the global planning power tools market, followed by Europe and Asia Pacific.
Product Definition:
Planing power tools are used to smooth the surface of a piece of wood by shaving thin layers off the top. This is important because it gives the wood a more finished appearance and makes it less likely to snag or splinter.
Corded:
Corded power tools have been dominating the market due to their high performance and efficiency. Cordless power tools are also gaining popularity among professionals due to their flexibility in usage. The corded/cordless duality is a trend that will continue in the future as well, with more manufacturers offering products both ways.
The corded segment has been growing at a faster rate than the cordless segment, which can be attributed to factors such as increased demand from industrial applications.
Cordless:
Cordless power tools are powered by a rechargeable battery pack, which is either integrated into the body of the tool or attached to the cord. The first type of cordless power tools that were introduced were those with a rechargeable battery integrated into the body of the tool; these were popular among users because they did not need an external charging source and could be used anywhere.
Application Insights:
The construction field was the largest application segment in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to increasing urbanization, which has resulted in an increased need for construction activities across the globe.
Planning power tools are widely used by professionals for accurate and precise cuts in various materials including wood, plastic, glass etc., as they provide high accuracy while cutting edges remain sharp ensuring clean cuts every time. These products have replaced traditional hand saws or jigsaws owing to their ease of use and efficiency along with a lower risk of accidents due to their ergonomic design features such as soft handles that prevent fatigue while using them for long hours on end.
Regional Analysis:
Asia Pacific dominated the global planing power tools market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing construction spending, rapid urbanization, and growing awareness of product benefits. China is one of the largest consumers of planing power tools owing to its rapidly expanding residential sector coupled with a robust industrial manufacturing base.
Europe accounted for a significant share in terms of revenue as well as volume in 2017 owing to high demand from countries such as Germany, Italy, U.K., France among others which are majorly driven by their strong construction industry growth along with increasing consumer disposable income levels after recession period 2009-2011. Moreover, rising infrastructural requirements due to population expansion will drive product demand further over the next eight years thereby supporting regional market growth during the forecast period from 2018 To 2030 (estimated).
Growth Factors:
- Increasing demand for woodworking and carpentry
- Rising disposable income of consumers in developing countries
- Technological advancements in power tools industry
- Growing popularity of do-it-yourself (DIY) projects among consumers
- Rising number of home improvement and renovation projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Planing Power Tools Market Research Report
By Type
Corded, Cordless
By Application
Residential Applications, Construction Field, Industry Field, Others
By Companies
Stanley Black&Decker (DeWalt), Bosch, TTI, Makita, HiKOKI, Hilti, Einhell, Snap-on, DEVON (Chevron Group), Festool, Apex Tool Group, Dongcheng, C. & E. Fein, Zhejiang Crown, Positec Group, Jiangsu Jinding, KEN
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Planing Power Tools Market Report Segments:
The global Planing Power Tools market is segmented on the basis of:
Types
Corded, Cordless
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 Field, Industry Field, 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:
- Stanley Black&Decker (DeWalt)
- Bosch
- TTI
- Makita
- HiKOKI
- Hilti
- Einhell
- Snap-on
- DEVON (Chevron Group)
- Festool
- Apex Tool Group
- Dongcheng
- C. & E. Fein
- Zhejiang Crown
- Positec Group
- Jiangsu Jinding
- KEN
Highlights of The Planing 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:
- Corded
- Cordless
- By Application:
- Residential Applications
- Construction Field
- Industry Field
- 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 Planing 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.
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?
Planing power tools are a type of hand tool that use a blade or other cutting edge to create precise, accurate cuts in wood, plastic, and other materials. They are often used by carpenters and other construction professionals to make detailed cuts in lumber and other building materials.
Some of the major companies in the planing power tools market are Stanley Black&Decker (DeWalt), Bosch, TTI, Makita, HiKOKI, Hilti, Einhell, Snap-on, DEVON (Chevron Group), Festool, Apex Tool Group, Dongcheng, C. & E. Fein, Zhejiang Crown, Positec Group, Jiangsu Jinding, KEN.
The planing 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 Planing 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 Planing Power Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Planing 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 Planing 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 Planing Power Tools Market Size & Forecast, 2018-2028
4.5.1 Planing Power Tools Market Size and Y-o-Y Growth
4.5.2 Planing Power Tools Market Absolute $ Opportunity
Chapter 5 Global Planing Power Tools 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 Planing Power Tools Market Size Forecast by Type
5.2.1 Corded
5.2.2 Cordless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Planing Power Tools 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 Planing Power Tools Market Size Forecast by Applications
6.2.1 Residential Applications
6.2.2 Construction Field
6.2.3 Industry Field
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Planing 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 Planing 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 Planing Power Tools Analysis and Forecast
9.1 Introduction
9.2 North America Planing Power Tools 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 Planing Power Tools Market Size Forecast by Type
9.6.1 Corded
9.6.2 Cordless
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 Planing Power Tools Market Size Forecast by Applications
9.10.1 Residential Applications
9.10.2 Construction Field
9.10.3 Industry Field
9.10.4 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 Planing Power Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Planing Power Tools 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 Planing Power Tools Market Size Forecast by Type
10.6.1 Corded
10.6.2 Cordless
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 Planing Power Tools Market Size Forecast by Applications
10.10.1 Residential Applications
10.10.2 Construction Field
10.10.3 Industry Field
10.10.4 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 Planing Power Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Planing Power Tools 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 Planing Power Tools Market Size Forecast by Type
11.6.1 Corded
11.6.2 Cordless
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 Planing Power Tools Market Size Forecast by Applications
11.10.1 Residential Applications
11.10.2 Construction Field
11.10.3 Industry Field
11.10.4 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 Planing Power Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Planing Power Tools 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 Planing Power Tools Market Size Forecast by Type
12.6.1 Corded
12.6.2 Cordless
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 Planing Power Tools Market Size Forecast by Applications
12.10.1 Residential Applications
12.10.2 Construction Field
12.10.3 Industry Field
12.10.4 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) Planing Power Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Planing Power Tools 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) Planing Power Tools Market Size Forecast by Type
13.6.1 Corded
13.6.2 Cordless
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) Planing Power Tools Market Size Forecast by Applications
13.10.1 Residential Applications
13.10.2 Construction Field
13.10.3 Industry Field
13.10.4 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 Planing Power Tools Market: Competitive Dashboard
14.2 Global Planing Power Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stanley Black&Decker (DeWalt)
14.3.2 Bosch
14.3.3 TTI
14.3.4 Makita
14.3.5 HiKOKI
14.3.6 Hilti
14.3.7 Einhell
14.3.8 Snap-on
14.3.9 DEVON (Chevron Group)
14.3.10 Festool
14.3.11 Apex Tool Group
14.3.12 Dongcheng
14.3.13 C. & E. Fein
14.3.14 Zhejiang Crown
14.3.15 Positec Group
14.3.16 Jiangsu Jinding
14.3.17 KEN
