Market Overview:
The global portable 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 factors such as the increasing demand for hand tools, power tools, garage tools, and lighting tools from industrial and commercial applications; and rising disposable income of consumers in developing countries. In terms of type, the hand tool segment is expected to lead the global portable tools market during the forecast period. This can be attributed to their low cost as compared to powertools and other types of portable tools; easy portability; and wide range of applications across industries.
Product Definition:
A portable tool is a hand-held or lightweight device that can be easily moved from one place to another. Portable tools are important because they allow workers to complete tasks quickly and efficiently. Some common portable tools include hammers, screwdrivers, wrenches, and saws.
Hand Tools:
Hand tools are used for small-scale operations that require high precision, such as tight spots or places where the larger equipment cannot go. Hand tools include pliers, screwdrivers, wrenches and sockets, nut drivers, chisel and plane handles among others. The hand tool market is expected to witness significant growth over the forecast period owing to its increasing demand in automotive industry for repair work as well as new product development.
Power Tools:
Power tools are classified into two categories, namely stationary and portable. Stationary power tools include drills, saws, grinders and others; while the portable ones are nail clippers, screwdrivers etc. The demand for power tools is increasing rapidly on account of growing construction industry in emerging economies such as India & China and automotive industry in Brazil & Mexico. Growth of these industries has led to requirement for more precision equipment which will increase market size over the forecast period.
Application Insights:
The industrial application segment accounted for the largest share of over 60.0% in 2017 and is projected to witness significant growth over the forecast period. Portable tools are widely used in various industries including construction, automotive, manufacturing, mining and civil engineering among others. Industrial applications include workshops or garages at residential as well as commercial places where people assemble or repair machines and equipment.
Regional Analysis:
Asia Pacific portable tools market is expected to witness significant growth over the forecast period owing to the increasing demand for power tools, hand tools, and other applications in construction and automotive industries. The region held a dominant share of more than 35% in 2017. Increasing number of manufacturing facilities along with rapid urbanization has led to an increase in commercial construction activities across emerging economies such as India, China, Indonesia among others which will drive product demand further.
North America is projected to be one of the most lucrative regions for industry participants during the forecast period due to several initiatives undertaken by governments at both federal and state levels aimed at encouraging domestic manufacturing practices through tax benefits or financial incentives etc. This trend is anticipated to positively influence regional product demand over next eight years.
Growth Factors:
- Increasing demand for lightweight and portable tools due to the increasing trend of DIY projects and home improvement.
- Growing popularity of portable power tools among professional contractors as they offer more flexibility and maneuverability on job sites.
- Proliferation of online marketplaces that allow users to buy and sell used or refurbished portable tools, thereby expanding the user base for these products.
- Development of innovative new features in portable power tools that make them more efficient and easier to use, such as wireless connectivity or automatic tool-tracking capabilities.
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Tools Market Research Report
By Type
Hand Tools, Power Tools, Garage Tools, Lighting Tools, Personal Protective Equipment
By Application
Industrial, Commercial, Household
By Companies
Akar Tools, Apex Tools, Atlas Copco, Channellock, Danaher, Emerson Electric, Fiskars, General Tools & Instruments, Makita, JK Files, Kennametal, Klein Tools, Robert Bosch, Q.E.P., Snap-On, Stanley Black & Decker, Techtronic Industries, Wera Tools
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Portable Tools Market Report Segments:
The global Portable Tools market is segmented on the basis of:
Types
Hand Tools, Power Tools, Garage Tools, Lighting Tools, Personal Protective Equipment
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
Industrial, Commercial, Household
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:
- Akar Tools
- Apex Tools
- Atlas Copco
- Channellock
- Danaher
- Emerson Electric
- Fiskars
- General Tools & Instruments
- Makita
- JK Files
- Kennametal
- Klein Tools
- Robert Bosch
- Q.E.P.
- Snap-On
- Stanley Black & Decker
- Techtronic Industries
- Wera Tools
Highlights of The Portable 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:
- Hand Tools
- Power Tools
- Garage Tools
- Lighting Tools
- Personal Protective Equipment
- By Application:
- Industrial
- Commercial
- Household
- 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 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 tools are small, lightweight tools that can be easily transported and used to perform tasks. They may include a variety of different tools, such as hammers, screwdrivers, saws and drills.
Some of the major companies in the portable tools market are Akar Tools, Apex Tools, Atlas Copco, Channellock, Danaher, Emerson Electric, Fiskars, General Tools & Instruments, Makita, JK Files, Kennametal, Klein Tools, Robert Bosch, Q.E.P., Snap-On, Stanley Black & Decker, Techtronic Industries, Wera Tools.
The portable 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 Portable 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 Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable 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 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 Tools Market Size & Forecast, 2020-2028
4.5.1 Portable Tools Market Size and Y-o-Y Growth
4.5.2 Portable 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 Hand Tools
5.2.2 Power Tools
5.2.3 Garage Tools
5.2.4 Lighting Tools
5.2.5 Personal Protective Equipment
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 Industrial
6.2.2 Commercial
6.2.3 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable 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 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 Hand Tools
9.6.2 Power Tools
9.6.3 Garage Tools
9.6.4 Lighting Tools
9.6.5 Personal Protective Equipment
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 Industrial
9.10.2 Commercial
9.10.3 Household
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 Hand Tools
10.6.2 Power Tools
10.6.3 Garage Tools
10.6.4 Lighting Tools
10.6.5 Personal Protective Equipment
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 Industrial
10.10.2 Commercial
10.10.3 Household
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 Hand Tools
11.6.2 Power Tools
11.6.3 Garage Tools
11.6.4 Lighting Tools
11.6.5 Personal Protective Equipment
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 Industrial
11.10.2 Commercial
11.10.3 Household
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 Hand Tools
12.6.2 Power Tools
12.6.3 Garage Tools
12.6.4 Lighting Tools
12.6.5 Personal Protective Equipment
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 Industrial
12.10.2 Commercial
12.10.3 Household
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 Hand Tools
13.6.2 Power Tools
13.6.3 Garage Tools
13.6.4 Lighting Tools
13.6.5 Personal Protective Equipment
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 Industrial
13.10.2 Commercial
13.10.3 Household
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 Tools Market: Competitive Dashboard
14.2 Global Portable Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akar Tools
14.3.2 Apex Tools
14.3.3 Atlas Copco
14.3.4 Channellock
14.3.5 Danaher
14.3.6 Emerson Electric
14.3.7 Fiskars
14.3.8 General Tools & Instruments
14.3.9 Makita
14.3.10 JK Files
14.3.11 Kennametal
14.3.12 Klein Tools
14.3.13 Robert Bosch
14.3.14 Q.E.P.
14.3.15 Snap-On
14.3.16 Stanley Black & Decker
14.3.17 Techtronic Industries
14.3.18 Wera Tools
