Press release
Power Tools Market Driven by Technological Advancements, Cordless Tool Dominance, and Growing Demand Across Key Industries as per Stellar Market Research
Power Tools Market
Power Tools Market size was valued at USD 48.98 Billion in 2024. The total Power Tools Market revenue is expected to grow by 5.76% from 2024 to 2032, reaching nearly USD 76.34 billion.
About the Market
Power tools market, driven by cordless tool dominance, technological advancements, and rising demand across construction, automotive, and DIY sectors, is set for strong growth. Efficiency, safety, and smart tech integration enhance appeal. Regions like Asia Pacific and South America offer major opportunities due to urbanization, while innovation continues to shape tools for both professionals and consumers.
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/power-tools-market/2591
Power Tools Market Segment Analysis
In 2024, Drilling and Fastening Tools Segment Held the Dominant Position with A Share of Above 33% While Cordless Segment Dominated the Power Tools Market In 2024 and accounted for 55.88% Of the Global Revenue Share.
By Product Type
Drilling and Fastening Tools
Demolition Tools
Sawing and Cutting Tools
Material Removal Tools
Sander
Grinders
Others
Get More Information Click Here: https://www.stellarmr.com/report/power-tools-market/2591
By Mode of Operation
Electric
Corded
Cordless
Pneumatic
Others
By Application
Industrial
Automotive
Construction
Aerospace & Defense
Energy & Utilities
Manufacturing
Others
Residential
Power Tools Market Regional Insights
In 2024, Asia Pacific held the largest revenue share in the Power Tools Market, contributing approximately 35.79%, followed by North America as the second-largest region with around 33.9% of the market share. They lead due to rapid urbanization, strong manufacturing, rising DIY culture, government initiatives, and tech adoption. North America follows with a mature DIY/pro market, high purchasing power, innovative brands, strict safety norms, and tech-savvy consumers.
Market key players Fueling industry evolution
These companies are leading the Power Tools Market, demonstrating strong financial performance and strategic investments in product development and market expansion:
Techtronic Industries Co. Ltd. (TTI) - US$14.6 billion
Stanley Black & Decker - US$15.4 billion
Makita Corporation - US$5.1 billion
Hilti Corporation - US$7.1 billion
Bosch Power Tools - US$ 69.6 million
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/power-tools-market/2591
New Related Markets Published by Maximize Market Research.
Power Tool Battery Market: Power Tool Battery Market size was valued at US$ 28.20 Billion. in 2023. Global Power Tool Battery Market is estimated to grow at a CAGR of 8.20% over the forecast period.
Power Electronics Market: Power Electronics Market size was valued at US$ 49.36 Billion in 2024 and the total Power Electronics revenue is expected to grow at 5.7% through 2025 to 2032, reaching nearly US$ 76.91 Billion.
Machine Tools Market: Machine Tools Market was valued nearly US$ 93.69 Bn. in 2024. Global Machine Tools Market size is estimated to grow at a CAGR of 4% and is expected to reach at US$ 128.22 Bn. by 2032.
Contact Stellar Market Research:
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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