Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Power Tools Drill Bits Market by Type (High-Speed Steel (HSS), Carbon Steel, Carbide, Cobalt Steel, Others), By Application (Metal, Wood, Construction Materials, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Power Tools Drill Bits Market by Type (High-Speed Steel (HSS), Carbon Steel, Carbide, Cobalt Steel, Others), By Application (Metal, Wood, Construction Materials, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 158628 3300 Machinery & Equipment 377 231 Pages 4.7 (47)

Market Overview:

The global power tools drill bits market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for power tools drill bits in metal, wood, and construction materials applications across the globe. Additionally, the growing demand for cobalt steel power tools drill bits is also propelling the growth of this market. However, factors such as high cost of premium quality power tools drill bits and volatility in prices of raw materials are restraining the growth of this market to some extent. On basis of type, high-speed steel (HSS) accounted for a major share of the global power tools drill bits market in 2017 and is projected to maintain its dominance during the forecast period as well. This can be attributed to its properties such as toughness and wear resistance that make it suitable for use in various applications including metalworking, carpentry work, joinery work etc.

Global Power Tools Drill Bits Industry Outlook

Product Definition:

A power tool drill bit is a cutting tool used in power drills. It is usually made of high-speed steel or other hard materials and has a pointed end and a fluted body. The drill bit is rotated by the drill's motor, creating holes in material such as wood, metal, or plastic.

High-Speed Steel (HSS):

High-speed steel is a type of steel that has been heat treated and contains higher carbon content than standard carbon steel. The material is used in the manufacturing of drill bits for power tools on account of its ability to provide superior cutting performance at high speed as compared to standard carbon steel drill bit materials.

Carbon Steel:

Carbon steel is a form of iron alloy containing carbon and other metals such as silicon, sulfur, and phosphorus. The product name comes from the fact that it has high carbon content compared to low manganese or silicon steel. It also contains small amount of nickel, molybdenum, titanium and other metals.

Application Insights:

The metal application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The increasing demand for high-speed steel (HSS) bits from various industries including automotive, construction, and energy is expected to drive product demand in metal applications globally.

The wood application segment was valued at USD 281.3 million in 2017 owing to increased use of these products for drilling holes through hardwood materials such as oak, maple etc., on a commercial scale across the globe especially in North America and Europe regions.

Regional Analysis:

Asia Pacific held the largest market share of over 35% in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for power tools from developing countries such as China and India. In addition, rising disposable income levels and growing population are likely to contribute towards increased demand for power tools, thereby supporting regional growth.

The North America market was valued at USD X million in 2017 and is anticipated to witness significant growth during the forecast period on account of high product adoption rate by consumers coupled with a well-established industrial sector in U.S., Canada, and Mexico.

Growth Factors:

  • Increasing demand for power tools in construction and automotive industries
  • Rising per capita income of consumers in developing countries
  • Technological advancements in power tool drill bits design and manufacturing process
  • Growing popularity of do-it-yourself (DIY) projects among consumers
  • Increasing penetration of online retail channels

Scope Of The Report

Report Attributes

Report Details

Report Title

Power Tools Drill Bits Market Research Report

By Type

High-Speed Steel (HSS), Carbon Steel, Carbide, Cobalt Steel, Others

By Application

Metal, Wood, Construction Materials, Others

By Companies

Stanley Black & Decker, Bosch, Techtronic, Makita, Hilti, ITW, Top Eastern Group, Metabo, Regal Cutting Tools, IZAR Cutting Tools, Hartner, RUKO GmbH

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Power Tools Drill Bits Market Report Segments:

The global Power Tools Drill Bits market is segmented on the basis of:


High-Speed Steel (HSS), Carbon Steel, Carbide, Cobalt Steel, 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.


Metal, Wood, Construction Materials, 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:

  1. Stanley Black & Decker
  2. Bosch
  3. Techtronic
  4. Makita
  5. Hilti
  6. ITW
  7. Top Eastern Group
  8. Metabo
  9. Regal Cutting Tools
  10. IZAR Cutting Tools
  11. Hartner
  12. RUKO GmbH

Global Power Tools Drill Bits Market Overview

Highlights of The Power Tools Drill Bits Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. High-Speed Steel (HSS)
    2. Carbon Steel
    3. Carbide
    4. Cobalt Steel
    5. Others
  1. By Application:

    1. Metal
    2. Wood
    3. Construction Materials
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Power Tools Drill Bits 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:

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Global Power Tools Drill Bits Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Power tools drill bits are specifically designed for use with power drills. They have a sharp, pointed end that is used to make holes in various materials.

Some of the major players in the power tools drill bits market are Stanley Black & Decker, Bosch, Techtronic, Makita, Hilti, ITW, Top Eastern Group, Metabo, Regal Cutting Tools, IZAR Cutting Tools, Hartner, RUKO GmbH.

The power tools drill bits market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Power Tools Drill Bits 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 Tools Drill Bits Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Power Tools Drill Bits Market - Supply Chain
   4.5. Global Power Tools Drill Bits Market Forecast
      4.5.1. Power Tools Drill Bits Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Power Tools Drill Bits Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Power Tools Drill Bits Market Absolute $ Opportunity

5. Global Power Tools Drill Bits 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 Tools Drill Bits Market Size and Volume Forecast by Type
      5.3.1. High-Speed Steel (HSS)
      5.3.2. Carbon Steel
      5.3.3. Carbide
      5.3.4. Cobalt Steel
      5.3.5. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Power Tools Drill Bits 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 Tools Drill Bits Market Size and Volume Forecast by Application
      6.3.1. Metal
      6.3.2. Wood
      6.3.3. Construction Materials
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Power Tools Drill Bits 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 Tools Drill Bits 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 Tools Drill Bits 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 Tools Drill Bits 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 Tools Drill Bits Demand Share Forecast, 2019-2026

9. North America Power Tools Drill Bits 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 Tools Drill Bits 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 Tools Drill Bits Market Size and Volume Forecast by Application
      9.4.1. Metal
      9.4.2. Wood
      9.4.3. Construction Materials
      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 Tools Drill Bits Market Size and Volume Forecast by Type
      9.7.1. High-Speed Steel (HSS)
      9.7.2. Carbon Steel
      9.7.3. Carbide
      9.7.4. Cobalt Steel
      9.7.5. 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 Tools Drill Bits Demand Share Forecast, 2019-2026

10. Latin America Power Tools Drill Bits 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 Tools Drill Bits 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 Tools Drill Bits Market Size and Volume Forecast by Application
      10.4.1. Metal
      10.4.2. Wood
      10.4.3. Construction Materials
      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 Tools Drill Bits Market Size and Volume Forecast by Type
      10.7.1. High-Speed Steel (HSS)
      10.7.2. Carbon Steel
      10.7.3. Carbide
      10.7.4. Cobalt Steel
      10.7.5. 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 Tools Drill Bits Demand Share Forecast, 2019-2026

11. Europe Power Tools Drill Bits 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 Tools Drill Bits 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 Tools Drill Bits Market Size and Volume Forecast by Application
      11.4.1. Metal
      11.4.2. Wood
      11.4.3. Construction Materials
      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 Tools Drill Bits Market Size and Volume Forecast by Type
      11.7.1. High-Speed Steel (HSS)
      11.7.2. Carbon Steel
      11.7.3. Carbide
      11.7.4. Cobalt Steel
      11.7.5 Others
   11.8. Basis Point Share (BPS) Analysis by Type
   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 Tools Drill Bits Demand Share, 2019-2026

12. Asia Pacific Power Tools Drill Bits 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 Tools Drill Bits 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 Tools Drill Bits Market Size and Volume Forecast by Application
      12.4.1. Metal
      12.4.2. Wood
      12.4.3. Construction Materials
      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 Tools Drill Bits Market Size and Volume Forecast by Type
      12.7.1. High-Speed Steel (HSS)
      12.7.2. Carbon Steel
      12.7.3. Carbide
      12.7.4. Cobalt Steel
      12.7.5. 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 Tools Drill Bits Demand Share, 2019-2026

13. Middle East & Africa Power Tools Drill Bits 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 Tools Drill Bits 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 Tools Drill Bits Market Size and Volume Forecast by Application
      13.4.1. Metal
      13.4.2. Wood
      13.4.3. Construction Materials
      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 Tools Drill Bits Market Size and Volume Forecast by Type
      13.7.1. High-Speed Steel (HSS)
      13.7.2. Carbon Steel
      13.7.3. Carbide
      13.7.4. Cobalt Steel
      13.7.5. 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 Tools Drill Bits Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Power Tools Drill Bits Market: Market Share Analysis
   14.2. Power Tools Drill Bits Distributors and Customers
   14.3. Power Tools Drill Bits Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Stanley Black & Decker Overview Financials Developments Strategic Outlook
      14.4.2. Bosch Overview Financials Developments Strategic Outlook
      14.4.3. Techtronic Overview Financials Developments Strategic Outlook
      14.4.4. Makita Overview Financials Developments Strategic Outlook
      14.4.5. Hilti Overview Financials Developments Strategic Outlook
      14.4.6. ITW Overview Financials Developments Strategic Outlook
      14.4.7. Top Eastern Group Overview Financials Developments Strategic Outlook
      14.4.8. Metabo Overview Financials Developments Strategic Outlook
      14.4.9. Regal Cutting Tools Overview Financials Developments Strategic Outlook
      14.4.10. IZAR Cutting Tools Overview Financials Developments Strategic Outlook
      14.4.11. Hartner Overview Financials Developments Strategic Outlook
      14.4.12. RUKO GmbH Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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