Power Tools Market Size, Share, Demand and Forecast Report to 2027

Global Power Tools Market was valued at USD 30.25 billion in 2019 which is expected to reach USD 45.12 billion by 2027 at a CAGR 4.88%.

The power tool is equipment which actuated by additional power source like electric motor, compressed air, and IC engines. These tools are used for various applications in shipbuilding, construction, automotive industry, and energy. Also, power tools have commercial as well as industrial application like cutting, shaping, sanding, drilling, routing, painting, polishing, and heating etc. Power tools are available in various forms such as Demolition Tools, Routing Tools, Material Removal Tools, Sawing and Cutting Tools, and Drilling and Fastening/Driving Tools.

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Market Drivers

Increase in adoption of DIY techniques and investments in infrastructural developments which are expected to boost the global power tools industry. Also, increase in disposable income of people will have the positive impact on global power tools market growth. Furthermore, continuous progressions in the power tools industry by key competitors which are expected to propel the growth of power tools industry.

Market Restraints

However, high maintenance cost and raw material price fluctuations are the restraining factors which are expected to hamper the global power tools market growth.

Market Segmentation

Global Power Tools Market is segmented into tool such as Demolition Tools, Routing Tools, Material Removal Tools, Sawing and Cutting Tools, Drilling and Fastening/Driving Tools, and Others, by mode of operation such as Electric, Pneumatic, and Others. Further, Global Power Tools Market is segmented into application such as Residential, and Industrial/Professional.

Also, Global Power Tools Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

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Market Taxonomy

By Tool

Demolition Tools
Routing Tools
Material Removal Tools
Sawing and Cutting Tools
Drilling and Fastening/Driving Tools
Others

By Mode of Operation

Electric
Pneumatic
Others

By Application

Residential
Industrial/Professional

By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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