The Business Research Company’s Power Tools Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Power Tools Global Market Report 2023 evaluates power tools market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global power tools market size grew from $35.96 billion in 2022 to $39.35 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The power tools market size is expected to grow to $53.58 billion in 2027 at a CAGR of 8.0%.
The power tools market segments in the report are:
1) By Tool Type: Drilling and Fastening Tools, Demolition Tools, Routing Tools, Sawing and Cutting Tools, Material Removal Tools, Other Tool Types
2) By Mode Of Operation: Electric, Pneumatic, Other Mode of Operations
3) By Distribution Channel: Online, Offline
4) By Application: Construction, Automotive, Aerospace, Energy, Electronics, Other Applications
Top Key Players
- Stanley Black & Decker Inc.
- Robert Bosch GmbH
- Techtronic Industries Co. Ltd.
- Makita Corporation
- Hilti Corporation
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The table of contents in TBRC’s power tools market report includes:
- Executive Summary
- Power Tools Market Characteristics
- Power Tools Market Trends And Strategies
- Power Tools Market – Macro Economic Scenario
- Power Tools Market Size And Growth
.
- Power Tools Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Power Tools Market
- Power Tools Market Future Outlook and Potential Analysis
- Appendix
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