Market Overview:
The global professional 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 electric power tools from residential applications and construction field. Additionally, the growing demand for hydraulic and other power tools from industry field is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis of type, engine-driven power tool segment is expected to dominate the global professional power tools market with a share of more than 50% by 2030 end. This dominance can be attributed to its high usage in construction field and other industrial applications owing to its high performance and durability as compared electric counterparts.
Product Definition:
Power tools are any type of tool that uses electricity, compressed air, or hydraulic fluid to create rotational energy. This energy is then transferred to the tool's cutting edge, allowing it to cut through material.
Engine-driven power tool:
Engine-driven power tools are also known as gear-driven power tools. They are characterized by the fact that they have a motor which drives the cutting tool directly without any intermediate transmission being involved. The engine is usually mounted on an open frame construction, and may be either stationary or portable depending upon the application at hand.
Electric power tool:
An electric power tool is a device, which consists of an motor and electrical components like batteries, switches, corded connectors & sockets. It has different types of tools attached to it that are used for performing various tasks by means of electricity. The main objective behind the development of such devices was to make work easier and more effective. Electric power tools have replaced manual labor in many applications; they have made complicated procedures easy and simple ones with improved safety measures at every stage.
Application Insights:
The construction field was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing urbanization, which has led to an increase in construction activities across the globe. Moreover, rising demand for electric power tools among residential contractors due to their ability of handling tough jobs with ease is also a key factor driving this segment.
The industry field held a significant share of global revenue in 2017 and it is expected that by 2030, this share will increase further as compared with 2018. Increasing industrialization across developing countries such as India & China has led manufacturers there adopt advanced manufacturing technologies resulting into increased production volumes which eventually drives down prices thereby attracting more consumers leading towards higher market penetration over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding power tool usage, rising disposable income of consumers, and expanding manufacturing sector in emerging economies such as China, India, Japan. Moreover, growing construction activities coupled with rapid urbanization in these countries will drive product demand further.
The Asia Pacific professional power tools market is dominated by China owing to its low production cost coupled with high labor cost associated with it’s industry. It also has a large consumer base which makes it an attractive region for manufacturers looking for lucrative sales outside their home country or region. For instance; In 2017 DeWalt Corporation had a revenue of USD X billion from outside North America (China & Europe). This trend is projected to continue over the next eight years thereby making China one of the major markets driving this industry globally along with other developing nations such as India & Brazil etc.
Growth Factors:
- Increasing demand for professional power tools from the construction and automotive industries.
- Growing popularity of DIY projects and home improvement initiatives among consumers.
- Rising investments by leading players in research and development to introduce innovative products.
- Proliferation of online retail platforms that offer a wide range of power tools at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Professional Power Tools Market Research Report
By Type
Engine-driven power tool, Electric power tool, Pneumatic power tool, Hydraulic and other power tool
By Application
Residential Applications, Construction Field, Industry Field, Gardening Field, Other
By Companies
Bosch, Stanley Black & Decker, Makita, Hilti, TTI, Hitachi Koki, Festool (TTS), Snap-on, Husqvarna, Interskol, Dongcheng, KEN, Jiangsu Guoqiang
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Professional Power Tools Market Report Segments:
The global Professional Power Tools market is segmented on the basis of:
Types
Engine-driven power tool, Electric power tool, Pneumatic power tool, Hydraulic and other power tool
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 Field, Industry Field, Gardening Field, Other
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:
- Bosch
- Stanley Black & Decker
- Makita
- Hilti
- TTI
- Hitachi Koki
- Festool (TTS)
- Snap-on
- Husqvarna
- Interskol
- Dongcheng
- KEN
- Jiangsu Guoqiang
Highlights of The Professional 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:
- Engine-driven power tool
- Electric power tool
- Pneumatic power tool
- Hydraulic and other power tool
- By Application:
- Residential Applications
- Construction Field
- Industry Field
- Gardening Field
- Other
- 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 Professional 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?
Professional Power Tools is a company that manufactures and sells tools for professionals. The company's products include power tools, handtools, and accessories.
Some of the major companies in the professional power tools market are Bosch, Stanley Black & Decker, Makita, Hilti, TTI, Hitachi Koki, Festool (TTS), Snap-on, Husqvarna, Interskol, Dongcheng, KEN, Jiangsu Guoqiang.
The professional power tools market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Professional Power Tools 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. Professional Power Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Professional Power Tools Market - Supply Chain
4.5. Global Professional Power Tools Market Forecast
4.5.1. Professional Power Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Professional Power Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Professional Power Tools Market Absolute $ Opportunity
5. Global Professional Power Tools 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. Professional Power Tools Market Size and Volume Forecast by Type
5.3.1. Engine-driven power tool
5.3.2. Electric power tool
5.3.3. Pneumatic power tool
5.3.4. Hydraulic and other power tool
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Professional Power Tools 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. Professional Power Tools Market Size and Volume Forecast by Application
6.3.1. Residential Applications
6.3.2. Construction Field
6.3.3. Industry Field
6.3.4. Gardening Field
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Professional Power Tools 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. Professional Power Tools 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 Professional Power Tools 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. Professional Power Tools 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 Professional Power Tools Demand Share Forecast, 2019-2026
9. North America Professional Power Tools 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 Professional Power Tools 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 Professional Power Tools Market Size and Volume Forecast by Application
9.4.1. Residential Applications
9.4.2. Construction Field
9.4.3. Industry Field
9.4.4. Gardening Field
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Professional Power Tools Market Size and Volume Forecast by Type
9.7.1. Engine-driven power tool
9.7.2. Electric power tool
9.7.3. Pneumatic power tool
9.7.4. Hydraulic and other power tool
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 Professional Power Tools Demand Share Forecast, 2019-2026
10. Latin America Professional Power Tools 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 Professional Power Tools 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 Professional Power Tools Market Size and Volume Forecast by Application
10.4.1. Residential Applications
10.4.2. Construction Field
10.4.3. Industry Field
10.4.4. Gardening Field
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Professional Power Tools Market Size and Volume Forecast by Type
10.7.1. Engine-driven power tool
10.7.2. Electric power tool
10.7.3. Pneumatic power tool
10.7.4. Hydraulic and other power tool
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 Professional Power Tools Demand Share Forecast, 2019-2026
11. Europe Professional Power Tools 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 Professional Power Tools 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 Professional Power Tools Market Size and Volume Forecast by Application
11.4.1. Residential Applications
11.4.2. Construction Field
11.4.3. Industry Field
11.4.4. Gardening Field
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Professional Power Tools Market Size and Volume Forecast by Type
11.7.1. Engine-driven power tool
1.7.2. Electric power tool
11.7.3. Pneumatic power tool
11.7.4. Hydraulic and other power tool
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 Professional Power Tools Demand Share, 2019-2026
12. Asia Pacific Professional Power Tools 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 Professional Power Tools 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 Professional Power Tools Market Size and Volume Forecast by Application
12.4.1. Residential Applications
12.4.2. Construction Field
12.4.3. Industry Field
12.4.4. Gardening Field
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Professional Power Tools Market Size and Volume Forecast by Type
12.7.1. Engine-driven power tool
12.7.2. Electric power tool
12.7.3. Pneumatic power tool
12.7.4. Hydraulic and other power tool
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 Professional Power Tools Demand Share, 2019-2026
13. Middle East & Africa Professional Power Tools 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 Professional Power Tools 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 Professional Power Tools Market Size and Volume Forecast by Application
13.4.1. Residential Applications
13.4.2. Construction Field
13.4.3. Industry Field
13.4.4. Gardening Field
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Professional Power Tools Market Size and Volume Forecast by Type
13.7.1. Engine-driven power tool
13.7.2. Electric power tool
13.7.3. Pneumatic power tool
13.7.4. Hydraulic and other power tool
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 Professional Power Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Professional Power Tools Market: Market Share Analysis
14.2. Professional Power Tools Distributors and Customers
14.3. Professional Power Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bosch
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stanley Black & Decker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Makita
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hilti
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TTI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi Koki
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Festool (TTS)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Snap-on
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Husqvarna
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Interskol
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dongcheng
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. KEN
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jiangsu Guoqiang
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
