Market Overview:
The global residential power tools market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for residential power tools from private homes and public spaces across the globe. Additionally, factors such as technological advancements in power tool products and rising disposable income are also contributing to the growth of this market. Based on type, the global residential power tools market is segmented into lithium-ion battery, Ni-Cad battery, NiMH battery and others. Among these segments, lithium-ion batteries are expected to witness highest growth during the forecast period owing to its high efficiency and longer life span as compared to other types of batteries. Based on application, the global residential power tools market is segmented into private home and public space. Private home is further subsegmented into kitchen & bathroom renovation work, painting & wallpapering work etc., while public space includes government buildings/offices (e.g., hospitals), schools/colleges etc.).
Product Definition:
Residential power tools are typically used by homeowners and contractors to complete tasks such as sanding, sawing, drilling, and screwdriving. These tools can make the job easier and faster than if done by hand.
Lithium-Ion Battery:
Lithium-ion (Li-ion) batteries are the most popular type of rechargeable battery used in power tools. They offer a high energy density, low self-discharge rate and a long service life when used for power applications in electric toothbrushes, mobile phones, laptops and other consumer electronic products.
Ni-Cad Battery:
A Ni-Cad battery is a rechargeable secondary battery that uses metallic lithium as its positive and electrically conductive carbon as its negative terminal. The two terminals are connected by an electrolyte, which facilitates electrical communication between the Positive and Negative electrodes. These batteries are used in power tools for their ability to provide high current density during short periods of time; they have a limited capacity to hold a charge.
Application Insights:
The public space application segment led the market and accounted for more than 60.0% share of the global revenue in 2017. The growth is attributed to an increase in construction activities across developing countries, such as India, China and Brazil. Moreover, increasing government initiatives to promote electric vehicles are expected to drive the demand for residential power tools over the forecast period.
For instance, under its Electric Vehicle Mission Mode Campaign Phase II initiative announced by Government of India in 2018-19, it has provided funding support up to USD 15,000 per vehicle for purchasing and installing necessary equipment including electric motor controller & battery packs at bus stands along with chargers.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing disposable income, coupled with growing awareness about power tools among consumers. Furthermore, rising construction activities in emerging economies are expected to drive product demand further. Increasing penetration of electric vehicles is also likely to boost product demand over the forecast period.
North America accounted for a significant share of revenue in 2017 owing to high consumer awareness regarding power tools and their benefits along with increased spending on home improvement activities across this region as compared to other regions. Moreover, presence of key players such as Stanley Black & Decker; Makita Corporation; DeWALT Industrial Tools LLC.; and E-Clip Technology Inc., has led North America market growth significantly over the past few years.
Growth Factors:
- Increasing demand for power tools from the construction and automotive industries.
- Rising disposable income of consumers in developing countries.
- Technological advancements in power tool designs and features.
- Growing popularity of do-it-yourself (DIY) projects among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Power Tools Market Research Report
By Type
Lithium-Ion Battery, Ni-Cad Battery, NiMH Battery, Others
By Application
Private Home, Public Space
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, 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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Residential Power Tools Market Report Segments:
The global Residential Power Tools market is segmented on the basis of:
Types
Lithium-Ion Battery, Ni-Cad Battery, NiMH Battery, Others
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
Private Home, Public Space
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
- Crown
- Positec Group
- Jiangsu Jinding
- KEN
Highlights of The Residential 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:
- Lithium-Ion Battery
- Ni-Cad Battery
- NiMH Battery
- Others
- By Application:
- Private Home
- Public Space
- 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 Residential 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?
Residential power tools are those that are designed for use in the home. They include a variety of tools, including drills, saws, and hammers.
Some of the major companies in the residential 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, Crown, Positec Group, Jiangsu Jinding, KEN.
The residential 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 Residential 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 Residential Power Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential 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 Residential 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 Residential Power Tools Market Size & Forecast, 2020-2028
4.5.1 Residential Power Tools Market Size and Y-o-Y Growth
4.5.2 Residential 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 Lithium-Ion Battery
5.2.2 Ni-Cad Battery
5.2.3 NiMH Battery
5.2.4 Others
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 Private Home
6.2.2 Public Space
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential 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 Residential 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 Lithium-Ion Battery
9.6.2 Ni-Cad Battery
9.6.3 NiMH Battery
9.6.4 Others
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 Private Home
9.10.2 Public Space
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 Lithium-Ion Battery
10.6.2 Ni-Cad Battery
10.6.3 NiMH Battery
10.6.4 Others
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 Private Home
10.10.2 Public Space
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 Lithium-Ion Battery
11.6.2 Ni-Cad Battery
11.6.3 NiMH Battery
11.6.4 Others
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 Private Home
11.10.2 Public Space
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 Lithium-Ion Battery
12.6.2 Ni-Cad Battery
12.6.3 NiMH Battery
12.6.4 Others
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 Private Home
12.10.2 Public Space
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 Lithium-Ion Battery
13.6.2 Ni-Cad Battery
13.6.3 NiMH Battery
13.6.4 Others
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 Private Home
13.10.2 Public Space
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 Residential Power Tools Market: Competitive Dashboard
14.2 Global Residential 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 Crown
14.3.15 Positec Group
14.3.16 Jiangsu Jinding
14.3.17 KEN
