Global Power Tools Market Size, Trends, and Growth Opportunity by Tools (Demolition Tools, Routing Tools, Material Removal Tools, Sawing and Cutting Tools, Drilling and Fastening/Driving Tools, and Others), Mode of Operation (Electric, Pneumatic, and Others), Application (Residential, Industrial, and Professional), and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East) and Forecast to 2027.
Market Overview
The global power tools market was valued at USD 26.64 billion in 2022 and is expected to reach USD 35.14 billion by 2027 at a CAGR of 4.72%.
The power tool is equipment that is actuated by an additional power source like an electric motor, compressed air, or IC engines. These tools are used for various applications in shipbuilding, construction, the automotive industry, and energy. Also, power tools have commercial as well as industrial applications like cutting, shaping, sanding, drilling, routing, painting, polishing, 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.
Market Drivers
increase in adoption of DIY techniques and investments in infrastructural developments, which are expected to boost the global power tool 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. For instance, in February 2019, Global Cents launched the next generation of power tools for OpenText. The OpenText Suite platform allows customers to digitally sign documents by using industry-standard services like DocuSign.
Market Restraints
However, high maintenance costs and raw material price fluctuations are the restraining factors expected to hamper the global power tool market's growth.
Market Segmentation
The global power tools market is segmented by tool type, such as demolition tools, routing tools, material removal tools, sawing and cutting tools, drilling and fastening/driving tools, and others, and by mode of operation, such as electric, pneumatic, and others. Further, the global power tools market is segmented by application, such as residential and industrial/professional.
Regional Analysis
The global power tools Market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Due to the constant demand for highly effective and affordable power tools by a wide range of industry verticals, the Asia-Pacific region dominates the global market for power tools in terms of revenue and market share. Additionally, there are more and more government efforts aimed at enhancing the region's industrial manufacturing facilities and infrastructure development.
Market Key Players
Various key players are discussed in this report, such as KOKI Holdings, Snap-On, Ingersoll-Rand, Atlas Copco, Hilti, Makita, Techtronic Industries (TTI), Bosch, and Stanley Black & Decker.
 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 and Africa

Global Power Tools Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Power Tools Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Power Tools Market, By Tool
5.1 Y-o-Y Growth Comparison, By Tool 
5.2 Global Power Tools Market Share Analysis, By Tool 
5.3 Global Power Tools Market Size and Forecast, By Tool
5.3.1 Demolition Tools
5.3.2Routing Tools
5.3.3Material Removal Tools
5.3.4Sawing and Cutting Tools
5.3.5Drilling and Fastening/Driving Tools
5.3.6Others
6 Global Power Tools Market, By Mode of Operation
6.1 Y-o-Y Growth Comparison, By Mode of Operation
6.2 Global Power Tools Market Share Analysis, By Mode of Operation
6.3 Global Power Tools Market Size and Forecast, By Mode of Operation
6.3.1 Electric
6.3.2 Pneumatic
6.3.3Others
7 Global Power Tools Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Power Tools Market Share Analysis, By Application
7.3 Global Power Tools Market Size and Forecast, By Application
7.3.1 Residential
7.3.2 Industrial/Professional
8Global Power Tools Market, By Region
8.1 Global Power Tools Market Share Analysis, By Region
8.2 Global Power Tools Market Share Analysis, By Region
8.3 Global Power Tools Market Size and Forecast, By Region
9 North America Power Tools Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Power Tools Market Share Analysis, By Tool
9.3 North America Power Tools Market Size and Forecast, By Mode of Operation
9.4 North America Power Tools Market Size and Forecast, By Application
9.5 North America Power Tools Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Power Tools Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Power Tools Market Share Analysis, By Tool 
10.3 Europe Power Tools Market Size and Forecast, By Mode of Operation 
10.4 Europe Power Tools Market Size and Forecast, By Application
10.5 Europe Power Tools Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Power Tools Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Power Tools Market Share Analysis, By Tool 
11.3 Asia Pacific Power Tools Market Size and Forecast, By Mode of Operation 
11.4 Asia Pacific Power Tools Market Size and Forecast, By Application
11.5 Asia Pacific Power Tools Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Power Tools Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Power Tools Market Share Analysis, By Tool 
12.3 Latin America Power Tools Market Size and Forecast, By Mode of Operation 
12.4 Latin America Power Tools Market Size and Forecast, By Application
12.5 Latin America Power Tools Market Size and Forecast, Country
13Middle East Power Tools Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Power Tools Market Share Analysis, By Tool 
13.3 Middle East Power Tools Market Size and Forecast, By Mode of Operation 
13.4 Middle East Power Tools Market Size and Forecast, By Application
13.5 Middle East Power Tools Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 KOKI Holdings
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Snap-On
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Ingersoll-Rand
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Atlas Copco
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Hilti
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Makita
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Techtronic Industries (TTI)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8  Bosch 
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Stanley Black & Decker
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies