Market Overview:
The global power tool switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for power tools across various applications, such as saws, drills, hammers, and others. In addition, the growing construction and automotive industries are also contributing to the growth of this market. The global power tool switches market is segmented on the basis of type into speed switches, trigger switches, microswitches, and others. The trigger switch segment is expected to hold the largest share in this market during the forecast period owing to its high demand across various applications.
Product Definition:
A power tool switch is a component of an electric power tool that switches the electrical current on and off. The switch is usually located on the handle of the tool.
Speed Switches:
The global speed switches, also known as trigger switches or foot-operated controls, market size was valued at USD 1.5 billion in 2015 and is expected to witness significant growth over the forecast period. The growing demand for power tools across various industry verticals such as construction, automotive and electronics is anticipated to drive the product demand over the next seven years.
Trigger Switches:
A trigger switch is a type of power tool switches used to perform an action when the user presses or activates it. It’s basically an on-off button that enables the functionality of a power tool. The most common types of trigger switches are toggle, rocker, and slide switches.
Toggle switch: This is one of the simplest forms as it only has two positions; On position and Off position.
Application Insights:
The saws segment dominated the global power tool switches market in terms of revenue share in 2017. This is attributed to the high usage of power tools for cutting materials such as wood, metal, and stone. The rising demand for construction and building materials has also been contributing to the growth of this segment. For instance, according to a study published by World Data Lab in 2018, it was estimated that there will be a shortage of around 40 million tons of construction material by 2030 if current trends continue. This factor is projected to increase product demand over the forecast period.
The drills segment is expected register significant growth over the forecast period owing to its wide application across various industries including automotive & transportation.
Regional Analysis:
Asia Pacific power tool switches market is anticipated to witness significant growth over the forecast period. The region’s rapid industrialization and increasing need for better infrastructure are expected to drive the regional product demand in construction, automotive, marine and other industries. China dominated the APAC market in 2017 owing to its large manufacturing base of power tools as well as consumer appliances such as refrigerators, washing machines and air conditioners.
The North America market was valued at USD X million in 2017 owing to high disposable income of consumers coupled with growing awareness regarding electrical safety standards across various industries including construction, automotive and others. Europe accounted for a significant share of revenue due to rising preference for ‘Green’ products by manufacturers coupled with stringent government regulations on energy consumption associated with each product category including speed switches. Moreover, presence of key industry players such as ABB Ltd., Siemens AG & Co.
Growth Factors:
- Increasing demand for power tools from construction and manufacturing industries
- Rising disposable income of consumers in developing countries
- Technological advancements in power tool switches that offer better performance and safety features
- Growing popularity of DIY projects among consumers
- Expansion of retail networks by leading players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Tool Switches Market Research Report
By Type
Speed Switches, Trigger Switches, Micro Switches, Others
By Application
Saws, Drills, Hammers, Others
By Companies
Defond, Marquardt Gruppe, Bremas, CPX Switch, Superior Electric, Tyco Electronics, Weida, Kedu Electric, TACLEX, ALONG, Baokezhen
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Power Tool Switches Market Report Segments:
The global Power Tool Switches market is segmented on the basis of:
Types
Speed Switches, Trigger Switches, Micro Switches, 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
Saws, Drills, Hammers, 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:
- Defond
- Marquardt Gruppe
- Bremas
- CPX Switch
- Superior Electric
- Tyco Electronics
- Weida
- Kedu Electric
- TACLEX
- ALONG
- Baokezhen
Highlights of The Power Tool Switches 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:
- Speed Switches
- Trigger Switches
- Micro Switches
- Others
- By Application:
- Saws
- Drills
- Hammers
- 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 Power Tool Switches 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?
Power tool switches are the buttons on power tools that allow you to turn the power on and off.
Some of the key players operating in the power tool switches market are Defond, Marquardt Gruppe, Bremas, CPX Switch, Superior Electric, Tyco Electronics, Weida, Kedu Electric, TACLEX, ALONG, Baokezhen.
The power tool switches market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Tool Switches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Power Tool Switches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Tool Switches Market - Supply Chain
4.5. Global Power Tool Switches Market Forecast
4.5.1. Power Tool Switches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Tool Switches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Tool Switches Market Absolute $ Opportunity
5. Global Power Tool Switches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Power Tool Switches Market Size and Volume Forecast by Type
5.3.1. Speed Switches
5.3.2. Trigger Switches
5.3.3. Micro Switches
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Power Tool Switches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Power Tool Switches Market Size and Volume Forecast by Application
6.3.1. Saws
6.3.2. Drills
6.3.3. Hammers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power Tool Switches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Power Tool Switches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Power Tool Switches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Power Tool Switches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Power Tool Switches Demand Share Forecast, 2019-2026
9. North America Power Tool Switches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Power Tool Switches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Power Tool Switches Market Size and Volume Forecast by Application
9.4.1. Saws
9.4.2. Drills
9.4.3. Hammers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Tool Switches Market Size and Volume Forecast by Type
9.7.1. Speed Switches
9.7.2. Trigger Switches
9.7.3. Micro Switches
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Power Tool Switches Demand Share Forecast, 2019-2026
10. Latin America Power Tool Switches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Power Tool Switches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Power Tool Switches Market Size and Volume Forecast by Application
10.4.1. Saws
10.4.2. Drills
10.4.3. Hammers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Tool Switches Market Size and Volume Forecast by Type
10.7.1. Speed Switches
10.7.2. Trigger Switches
10.7.3. Micro Switches
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Power Tool Switches Demand Share Forecast, 2019-2026
11. Europe Power Tool Switches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Power Tool Switches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Power Tool Switches Market Size and Volume Forecast by Application
11.4.1. Saws
11.4.2. Drills
11.4.3. Hammers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Tool Switches Market Size and Volume Forecast by Type
11.7.1. Speed Switches
11.7.2. Trigger Switches
11.7.3. Micro Switches
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Typ
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Power Tool Switches Demand Share, 2019-2026
12. Asia Pacific Power Tool Switches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Power Tool Switches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Power Tool Switches Market Size and Volume Forecast by Application
12.4.1. Saws
12.4.2. Drills
12.4.3. Hammers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Tool Switches Market Size and Volume Forecast by Type
12.7.1. Speed Switches
12.7.2. Trigger Switches
12.7.3. Micro Switches
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Power Tool Switches Demand Share, 2019-2026
13. Middle East & Africa Power Tool Switches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Power Tool Switches Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Power Tool Switches Market Size and Volume Forecast by Application
13.4.1. Saws
13.4.2. Drills
13.4.3. Hammers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Tool Switches Market Size and Volume Forecast by Type
13.7.1. Speed Switches
13.7.2. Trigger Switches
13.7.3. Micro Switches
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Power Tool Switches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power Tool Switches Market: Market Share Analysis
14.2. Power Tool Switches Distributors and Customers
14.3. Power Tool Switches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Defond
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Marquardt Gruppe
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bremas
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CPX Switch
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Superior Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tyco Electronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Weida
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kedu Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TACLEX
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ALONG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Baokezhen
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
