Power Tool Accessories Market on Track for Strong Growth, Estimated to Grow at 5.8% CAGR Through 2029

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What Is the Expected CAGR for the Power Tool Accessories Market Through 2025?
In recent years, there has been consistent growth in the market size of power tool accessories. It is projected to increase from $2.07 billion in 2024 to $2.17 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. The historical growth of this market can be credited to an upswing in construction and renovation tasks, a surge in DIY trends, expansion in the automotive sector, the need for precision tools, enhancements in material durability, and the proliferation of industrial automation.

What's the Projected Size of the Global Power Tool Accessories Market by 2029?
We anticipate robust expansion in the power tool accessories market over the coming years, with forecasts indicating growth to $2.72 billion by 2029, representing a compound annual growth rate (CAGR) of 5.8%. This expected growth during the forecast period can be linked to an upturn in construction and DIY activities, a surge in the demand for effective and long-lasting tools, an increase in industrial automation, the growth of the e-commerce sector, a trend towards cordless tools, and ramped-up investment in infrastructure development. The period under review will be marked by major trends such as wireless technology advancements, smart connectivity, enhanced durability, precision engineering, the use of environmentally friendly materials, ergonomic designs, and automation system integration.

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Top Growth Drivers in the Power Tool Accessories Industry: What's Accelerating the Market?
The power tool accessories market is forecasted to grow due to an increase in construction and renovation activities. This growth is spurred by factors such as escalating urbanization, population growth, and the need for infrastructure development. Government incentives, smart city investments, and advancements in construction technology further stimulate these activities. Power tool accessories, essential for cutting, grinding, drilling, and fastening, increase the efficiency and accuracy of various construction and renovation projects. For example, the Office for National Statistics reported that the UK experienced an annual construction output growth of 5.6% in February 2023, following a sizable increase of 12.8% in 2021. Consequently, the expansion of construction and renovation activities is fuelling the power tool accessories market.

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Which Emerging Trends Are Transforming the Power Tool Accessories Market in 2025?
Main players in the power tool accessories market are concentrating efforts on creating accessories that are more efficient and long-lasting - such as brushless motors - in order to enhance overall performance. This addresses the growing demand for high-performing tools. Brushless motors guarantee longer operation times and increased durability since they eliminate the need for brush replacement. They also promote efficient power consumption and extend the lifespan of the tool. As an example, the engineering firm Robert Bosch GmbH, based in Germany, introduced the GWS12V-30 12V Max Brushless 3-inch Angle Grinder in June 2022. This grinder, suitable for heavy-duty cutting, features a brushless motor, optimised gears and rapid breaking for safety and battery efficiency. It operates at a speed of 19,500 RPM, enabling it to easily cut through tough materials. Its compact, ergonomic design ensures comfort and ease of control for professional users over prolonged periods of use. Its innovative spindle-lock design enables swift wheel changes, and it also features a rapid braking system that stops the wheel within a second of being turned off. The combination of power, speed, and convenience make this tool a worthy addition to any professional's tool set.

What Are the Main Segments in the Power Tool Accessories Market?
The power tool accessoriesmarket covered in this report is segmented -

1) By Type: Drill Bits, Circular Saw Blades, Screwdriver Bits, Router Bits, Other Types
2) By Operation Type: Cutting, Drilling, Fastening, Routing And Planning, Other Operation Types
3) By Distribution Channel: Offline, Online
4) By End-User: Industrial, Commercial, Residential

Subsegments:
1) By Drill Bits: Twist Drill Bits, Hammer Drill Bits, Masonry Drill Bits, Spade Drill Bits, Auger Drill Bits, Step Drill Bits, Core Drill Bits, Countersink Drill Bits
2) By Circular Saw Blades: Wood Cutting Blades, Metal Cutting Blades, Diamond Circular Saw Blades, Carbide-Tipped Circular Saw Blades, General Purpose Circular Saw Blades, Abrasive Circular Saw Blades, Specialty Circular Saw Blades
3) By Screwdriver Bits: Phillips Bits, Slotted Bits, Torx Bits, Square Drive (Robertson) Bits, Hex Bits, Pozidriv Bits, Security Bits, Impact Driver Bits
4) By Router Bits: Straight Router Bits, Spiral Router Bits, Edge-Forming Router Bits, Flush Trim Router Bits, Dovetail Router Bits, Chamfer Router Bits, Round-Over Router Bits, Rabbeting Router Bits
5) By Other Types: Sanding Discs And Belts, Jigsaw Blades, Oscillating Multi-Tool Blades, Polishing Pads, Angle Grinder Discs, Taps and Dies, Drill Chucks And Clamps

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Which Top Companies are Driving Growth in the Power Tool Accessories Market?
Major companies operating in the power tool accessories market are Robert Bosch GmbH, Hitachi Ltd, Stanley Black & Decker Inc., Kyocera Corporation, Atlas Copco AB, Emerson Electric Co., Techtronic Industries Company Limited, Hilti Corporation, Ingersoll-Rand Plc, Makita Corporation, Husqvarna Group, Snap-On Incorporated, Chervon Limited (Skil), Festool Group GmbH & Co. KG, Metabowerke GmbH, Klein Tools Inc., L. S. Starrett Company, Bain Capital LP (Apex Tool Group), Silverline Tools, Evolution Power Tools, Craftsman, Dremel, Baier GmbH, EAB Tool Company Inc

Which Regions Will Dominate the Power Tool Accessories Market Through 2029?
Asia-Pacific was the largest region in the power tool accessories market in 2024. The regions covered in the power tool accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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