이 조사 보고서는 전 세계 전동공구 시장을 주요 5개 지역별로 현재 시장 동향, 시장 규모, 시장 점유율, 최근 동향, 2031년까지의 예측에 중점을 두고 분석했습니다.
세계 전동공구 시장은 2024년부터 2031년까지 5.6%의 연평균 복합 성장률(CAGR)로 2031년까지 571억 달러에 달할 것으로 예상됩니다.
배터리 기술의 발전, 건설 산업에서의 활동 증가, 자동차 분야에서의 전동 공구 사용 증가가 전동 공구 시장의 성장을 주도하고 있습니다. 그러나 원자재 가격의 변동은 이 시장의 성장을 억제하고 있습니다.
또한, 스마트하고 연결된 전동공구를 제공하기 위해 IoT와 센서 기술의 통합이 증가하고 주거용 전동공구에 대한 수요가 증가함에 따라 이 시장의 이해관계자들에게 성장 기회를 제공할 것으로 예상됩니다. 그러나 엄격한 무역 정책과 안전 기준은 전동공구 시장의 성장에 영향을 미치는 주요 과제입니다.
(주 : 주요 5개사의 SWOT 분석을 제공합니다.)
Power Tools Market by Type (Power Tool Machines (Drills, Saws, Hammers), Power Tool Accessories), Mode of Operation (Electric, Pneumatic), End User (Industrial & Professional, Residential Consumer), and Geography-Global Forecast to 2031.
The research report titled, 'Power Tools Market by Type (Power Tool Machines (Drills, Saws, Hammers), Power Tool Accessories), Mode of Operation (Electric, Pneumatic), End User (Industrial & Professional, Residential Consumer), and Geography-Global Forecast to 2031,' provides an in-depth analysis of global power tools market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The global power tools market is projected to reach $57.1 billion by 2031, at a CAGR of 5.6% from 2024 to 2031.
The power tools market's growth is driven by advancements in battery technology, increasing activities in the construction industry, and increasing use of power tools in the automotive sector. However, fluctuations in raw material prices restrain the growth of this market.
Furthermore, the increasing integration of IoT and sensor technology to offer smart and connected power tools and the growing demand for power tools for residential use are expected to generate growth opportunities for the stakeholders in this market. However, stringent trade policies and safety standards are a major challenge impacting the growth of the power tools market.
The global power tools market is segmented by type (power tool machines (joiners, drills, saws, electric screwdrivers, hammers, grinders & vibrators, sanders & polishers, nibblers, cutters, impact wrenches, lawn mowers, blowers, heat guns, power mixers, other power tool machines), power tool accessories(power tool attachments, circular saw blades, diamond abrasive blades, jigsaw blades, power tool stands, wheel brushes, chain saw blades, flexible shaft, screwdriver bits, sanding and polishing accessories, other power tool accessories)), mode of operation (electric (corded tools, cordless tools), pneumatic, hydraulic), end user (industrial & professional (automotive, construction, aerospace & defense, energy & utilities, manufacturing, agriculture, others industrial & professional end users), residential consumer). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type, the global power tools market is segmented into power tool machines and power tool accessories. In 2024, the power tool machines segment is expected to account for the larger share of ~74% of the global power tools market. The large market share of this segment is attributed to the increased demand for tools for building new infrastructure, residential areas, and commercial properties and increasing innovation in power tools to improve safety features. In January 2024, the Bosch India Group (India), a subsidiary of Robert Bosch GmbH (Germany), launched GWS 800 Professional, a grinder with high material removal rate powered by an 800W motor and lightweight, ergonomic body for grinding and cutting applications for Indian users. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on mode of operation, the global power tools market is segmented into electric, pneumatic, and hydraulic. In 2024, the electric segment is expected to account for the largest share of ~72% of the global power tools market. The large market share of this segment is attributed to the increasing use of electric power tools by residential consumers and the increasing offering of electric tools by market players to offer various features such as cheaper cost, lighter weight, more compact, and easier to handle. In January 2024, Hilti Inc (U.S.) launched new cordless tools on the 22V Nuron battery platform for cutting in wood, fiberboard, drywall, and solid surfaces. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on end user, the global power tools market is segmented into industrial & professional and residential consumers. In 2024, the industrial & professional segment is expected to account for the larger share of ~71% of the global power tools market. The large market share of this segment is attributed to the increasing use of power tools in the industrial sector to improve worker efficiency & safety and increase productivity. In April 2024, Zoho Corporation Pvt. Ltd. (India) launched a new venture, Karuvi, a power tools manufacturing company, to design and manufacture industrial and consumer power tools and other mechanical systems. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on geography, the power tools market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global power tools market. The market growth in North America is driven by the booming construction sector in the region, increasing demand for cordless power tools due to their convenience, portability, and advancements in battery technology, and increasing integration of IoT and sensor technologies in power tools by US manufacturers. In January 2024, Stanley Black & Decker, Inc. (U.S.) partnered with Eastman Chemical Company (U.S.) to create and offer a new product line of power tools, reviva, by using Eastman's Tritan Renew copolyester.
However, the Asia-Pacific region is projected to record the highest CAGR of ~7% during the forecast period. The growth of this market is attributed to the increasing demand for power tools in the region's industrial sector, including automotive, manufacturing, and aerospace, and increasing government initiatives and policies to encourage infrastructure development and industrial growth in the region. In November 2021, Robert Bosch GmbH (Germany) launched X-LOCK, a new innovative system for quick and keyless changing of accessories in India. The system helps to switch angle grinder accessories with just one click to provide greater convenience while ensuring matchless safety and user experience.
The key players operating in the global power tools market are Stanley Black & Decker, Inc. (U.S.), Techtronic Industries Co. Ltd. (China), Robert Bosch GmbH (Germany), Hilti Corporation (Liechtenstein), Makita Corporation (Japan), Ingersoll Rand (U.S.), Snap-on Incorporated (U.S.), Atlas Copco AB (Sweden), Apex Tool Group (U.S.), Koki Holding Co., Ltd. (Japan), Emerson Electric Co. (U.S.), 3M (U.S.), Honeywell International Inc. (U.S.), Festool GmbH (Germany), and Husqvarna AB (Sweden).
Power Tools Market Assessment-by Type
Power Tools Market Assessment-by Mode of Operation
Power Tools Market Assessment-by End User
Power Tools Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)