Market Overview:
The global portable 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 tools, owing to their portability and easy maneuverability, and rising construction spending across the globe. In terms of type, the corded tools segment is expected to dominate the global portable power tools market during the forecast period 2018-2030. This can be attributed to their high performance as compared to cordless tools and longer battery life. However, with advancements in technology, cordless power tools are becoming more popular among consumers due to their portability and ease of use.
Product Definition:
A portable power tool is a type of power tool that can easily be transported to different work sites. They are often battery-operated, but some models plug into an electrical outlet. Portable power tools are important because they allow workers to complete tasks quickly and easily without having to move heavy equipment around.
Corded Tools:
Corded tools are the ones that have an electric motor integrated with a power cord. They are mostly used in the industries where there is a need to provide high torque at low speed, and they can be used for both indoor and outdoor applications. Corded tools can also be classified into two types as per their usage; 1) those that use 120V or 240V AC input voltage, commonly known as power tool battery packs; and 2) those that use direct current (DC).
Cordless Tools:
Cordless tools are portable power tools that do not have a cord for plugging into an electric outlet. The term “cordless” is used to differentiate these types of power tools from the traditional ones with a cord. These modern-day devices are equipped with rechargeable batteries and can be operated without being plugged in, making them more convenient and flexible to use as compared to the traditional ones.
Application Insights:
The residential application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. Portable power tools are widely used in household applications such as construction, automotive, gardening and home maintenance among others. Increasing urbanization along with rising disposable income levels has created a positive impact on residential applications across various regions including Asia Pacific, North America and Europe among others.
The industrial use segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand for high precision tools by manufacturers across various industries including metalworking, construction and electronics among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing disposable income, coupled with growing construction and automotive industries in developing economies including China, India, and Japan. Moreover, rising awareness regarding power tool usage among consumers is anticipated to fuel regional product demand during the forecast period. Europe portable power tools market was valued at USD X billion in 2017 owing to high demand from countries including Germany and France that are home for some of the major players operating in this industry such as Bosch Tools GmbH; DeWALT Industrial Tool Group; Makita Corporation.; and SEGWAY INC.
North America accounted for a significant share of global revenue due to presence of several key players such as Stanley Black & Decker Inc.; Emerson Electric Co.; VICTOOLS KGaA mbH; Milwaukee Electric Tool Corp.; Stanley Works Ltd., etc.
Growth Factors:
- Increasing demand for portable power tools from the construction and automotive industries.
- Rising demand for cordless power tools, as they are more convenient and easy to use than traditional ones.
- Growing popularity of DIY projects among homeowners and hobbyists, which is driving the demand for portable power tools.
- Technological advancements in portable power tool design and functionality that are making them more efficient and user-friendly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Power Tools Market Research Report
By Type
Corded Tools, Cordless Tools
By Application
Residential Applications, Construction, Industrial Use, Automotive, Others Applications
By Companies
Robert Bosch, Hilti, Koki Holdings, Makita Corporation, Stanley Black & Decker, Techtronic Industries, Husqvarna, Robert Bosch
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Portable Power Tools Market Report Segments:
The global Portable Power Tools market is segmented on the basis of:
Types
Corded Tools, Cordless Tools
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, Others 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:
- Robert Bosch
- Hilti
- Koki Holdings
- Makita Corporation
- Stanley Black & Decker
- Techtronic Industries
- Husqvarna
- Robert Bosch
Highlights of The Portable 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 Tools
- Cordless Tools
- By Application:
- Residential Applications
- Construction
- Industrial Use
- Automotive
- Others 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 Portable 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?
Portable power tools are a type of tool that can be taken with you when you are working. They include drills, saws, and other types of tools.
Some of the major players in the portable power tools market are Robert Bosch, Hilti, Koki Holdings, Makita Corporation, Stanley Black & Decker, Techtronic Industries, Husqvarna, Robert Bosch.
The portable power tools 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 Portable 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 Portable Power Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable 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 Portable 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 Portable Power Tools Market Size & Forecast, 2018-2028
4.5.1 Portable Power Tools Market Size and Y-o-Y Growth
4.5.2 Portable Power Tools Market Absolute $ Opportunity
Chapter 5 Global Portable 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 Portable Power Tools Market Size Forecast by Type
5.2.1 Corded Tools
5.2.2 Cordless Tools
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Portable 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 Portable Power Tools 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 Others Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable 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 Portable 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 Portable Power Tools Analysis and Forecast
9.1 Introduction
9.2 North America Portable 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 Portable Power Tools Market Size Forecast by Type
9.6.1 Corded Tools
9.6.2 Cordless Tools
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 Portable Power Tools 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 Others 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 Portable Power Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Portable 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 Portable Power Tools Market Size Forecast by Type
10.6.1 Corded Tools
10.6.2 Cordless Tools
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 Portable Power Tools 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 Others 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 Portable Power Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Portable 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 Portable Power Tools Market Size Forecast by Type
11.6.1 Corded Tools
11.6.2 Cordless Tools
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 Portable Power Tools 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 Others 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 Portable Power Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Portable 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 Portable Power Tools Market Size Forecast by Type
12.6.1 Corded Tools
12.6.2 Cordless Tools
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 Portable Power Tools 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 Others 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) Portable Power Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Portable 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) Portable Power Tools Market Size Forecast by Type
13.6.1 Corded Tools
13.6.2 Cordless Tools
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) Portable Power Tools 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 Others 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 Portable Power Tools Market: Competitive Dashboard
14.2 Global Portable Power Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Hilti
14.3.3 Koki Holdings
14.3.4 Makita Corporation
14.3.5 Stanley Black & Decker
14.3.6 Techtronic Industries
14.3.7 Husqvarna
14.3.8 Robert Bosch
