Press release
Power Tools Market, valued at USD 33.76 Bn in 2023, is projected to reach USD 46.25 Bn. by 2030, growing at 4.6 Percent CAGR.
๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ was worth US$ 33.76 Bn in 2023 and overall revenue is anticipated to rise at a rate of 4.6% from 2024 to 2030, reaching almost US$ 46.25 Bn in 2030.๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The power tools market is witnessing robust growth, driven by their widespread application across industries such as construction, automotive, aerospace, and residential sectors. These tools, powered by sources like electric motors, compressed air, and internal combustion engines, are renowned for their efficiency, portability, and ability to save time and labor. Increasing adoption of cordless tools equipped with advanced lithium-ion batteries has revolutionized the market, offering greater mobility and performance. Furthermore, the expanding DIY culture and rising demand for user-friendly tools in residential applications are contributing to market growth. The Asia-Pacific region leads the market, bolstered by rapid industrialization, infrastructure development, and the automotive industry's growth in countries like China and India.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ :https://www.maximizemarketresearch.com/request-sample/7226/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
The power tools market is driven by advancements in battery technology, particularly the transition to lithium-ion batteries, which enhance tool efficiency, portability, and longevity. The surge in construction and infrastructure development activities, especially in emerging economies, has amplified the demand for power tools. Additionally, the growing DIY trend among consumers and the increasing need for precision tools in industries like automotive and aerospace are significant growth factors. The adoption of electric fastening tools in renewable energy sectors, such as wind turbine installations, further fuels the market. Moreover, rising disposable incomes and technological innovations continue to propel the adoption of power tools.
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฉ๐๐๐ญ๐๐ฌ
๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's burgeoning construction and manufacturing sectors are driving the demand for power tools. The government's focus on infrastructure development has led to increased adoption of these tools in various projects. Additionally, the rise of small and medium-sized enterprises (SMEs) in the country is contributing to market growth.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/7226/
๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's power tools market is experiencing growth due to the expansion of the automotive and construction industries. The government's investments in infrastructure projects are further propelling the demand for power tools. Moreover, the increasing popularity of DIY activities among consumers is boosting market expansion.
๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
The Japan power tools market is projected to grow from USD 1,273.92 million in 2023 to USD 1,619.11 million by 2032, reflecting a CAGR of 2.70%. This growth is driven by the demand for construction and renovation activities, supported by government initiatives to upgrade infrastructure. The rising popularity of DIY projects among consumers and the increasing adoption of cordless power tools due to their convenience and portability are significant trends shaping the market.
๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's power tools market is witnessing consolidation with key players expanding their product portfolios to cater to diverse industrial needs. The country's strong electronics and automotive sectors are significant consumers of power tools, driving market growth. Technological advancements and the adoption of smart tools are also contributing to the market's expansion.
๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's emphasis on smart nation initiatives and advanced infrastructure is leading to the adoption of innovative power tools. The construction sector's focus on efficiency and precision is driving the demand for updated power tools equipped with the latest technologies. Additionally, the rise in home renovation projects is contributing to market growth.
๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The U.S. power tools market dominated the market, accounting for a significant share in 2022. The demand for power tools in the U.S. has been increasing steadily, driven by factors such as the growth in the construction industry, the popularity of DIY projects, and the increasing adoption of power tools in industrial and manufacturing settings.
๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's power tools market is expected to witness substantial growth, with projections indicating a market size of USD 12.54 billion by 2033. This growth is attributed to advancements in tool technology and a strong focus on home improvement projects, supported by a steady increase in disposable income.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ญ๐๐ง๐ฅ๐๐ฒ ๐๐ฅ๐๐๐ค & ๐๐๐๐ค๐๐ซ'๐ฌ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ซ๐๐๐ญ๐ฌ๐ฆ๐๐ง: In 2017, Stanley Black & Decker acquired the Craftsman brand from Sears Holdings for $900 million, expanding its product portfolio and strengthening its position in the power tools market.
๐๐๐๐ก๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ' ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐: In 2018, Techtronic Industries Co. Ltd. (TTI) acquired the power tools business of the German vacuum cleaner maker Vorwerk & Co. KG, enhancing its presence in the European market.
๐๐จ๐ฌ๐๐ก ๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ' ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐: In 2020, Bosch Power Tools acquired the U.S.-based custom tooling and machining company, AMT Machine Systems, expanding its product portfolio and strengthening its position in the North American market.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/7226/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
by Application
Automobiles
Construction
Electronic
Aerospace
Industrial
Logistics
Energy
Shipbuilding
by Power Source
Cordless Electric Power tools
Corded Electric Power tools
Pneumatic Power tools
by Tool Type
Drilling and Driving tools(Screwdrivers, Nutrunners, Impact drivers)
Demolition tools (Rotatory hammers, Hammer drills, Demolition Hammers)
Sawing and Cutting tools (Jigsaw, reciprocating saws, band saws, circular saw, shears and nibblers)
Material removing tools(sanders, polishers, buffers, grinders)
Routing tools(Palm routers, laminate routers) & others
by End-User
Residential
Non residential
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-power-tools-market/7226/
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐จ๐ฐ๐๐ซ ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Robert Bosch GmbH
2. Actuant Corporation
3. Danaher Corporation
4. Techtronic ABB
5. Stanley Black & Decker
6. Makita
7. INTERSKOL
8. FERM
9. Positec Group
10. Emerson Electric
11. Chevron Group
12. Snap-on
13. Atlas Copco
14. Chevron Group
15. Deprag Schulz
16. Hilti
17. Koki Holdings Co., Ltd.
18. Festool GmbH
19. KYOCERA Corporation
20. Ingersoll Rand
21. Husqvarna AB
22. Panasonic Corporation of North America
23. Techtronic Industries Co. Ltd.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
โฆ Automotive NVH Materials Market : https://www.maximizemarketresearch.com/market-report/global-automotive-nvh-materials-market/29484/
โฆ Air Quality Monitoring Software Market : https://www.maximizemarketresearch.com/market-report/air-quality-monitoring-software-market/1113/
โฆ Nitrogen Fertilizers Market : https://www.maximizemarketresearch.com/market-report/global-nitrogen-fertilizers-market/31208/
โฆ Water Soluble Polymers Market : https://www.maximizemarketresearch.com/market-report/global-water-soluble-polymers-market/27404/
โฆ Europe Agriculture Drone Market : https://www.maximizemarketresearch.com/market-report/europe-agriculture-drone-market/2014/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐. ๐๐๐.
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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