It is forecasted that the global electric power tools market will experience a compound annual growth rate (CAGR) of 5.0% in value terms over the forecast period, resulting in an estimated value of USD 41,779 million by the year 2029.
The global electric power tools market is segmented by power technology into cordless, corded, parts, and accessories for the respective time periods. In 2023, the cordless segment emerged as the dominant force in the market. The valuation of the cordless segment is projected to reach USD 18,704 million by 2029. Additionally, the cordless segment is anticipated to demonstrate the highest CAGR of 7.7% during the forecast period from 2024 to 2029.
In terms of revenue, the global electric power tools market is further categorized by online and offline segments from 2020 to 2029. The revenue of the online segment has witnessed robust growth from USD 2,802 million in 2020 to USD 3,801 million in 2023, showcasing a CAGR of 10.7%. It is expected that the total revenue of the online segment will reach USD 6,913 million in 2029, with a CAGR of 10.5% from 2024 to 2029.
The electric power tools market can be segmented into residential and industrial & professional categories. The residential segment is projected to reach USD 11,727 million by 2029, representing a CAGR of 4.3% over the forecast period from 2024 to 2029. Furthermore, the revenue of the industrial & professional segment is anticipated to grow at a CAGR of 5.2% to USD 30,052 million in 2029.
Geographically, North America has emerged as the leading player in the electric power tools market as of 2023, closely followed by Europe and Asia-Pacific.
Key players in the global electric power tools market include Techtronic Industries Company Limited, Robert Bosch GmbH, Stanley Black & Decker, Inc., Makita Corporation, Hilti Corporation, Koki Holdings Co., Ltd., Chervon Holdings Limited, Jiangsu Dongcheng Power Tools Co., Ltd., Atlas Copco Group, Snap-on Incorporated, Andreas Stihl AG & Co., Metabowerke GmbH, among others. As of 2023, the top 5 players collectively accounted for 70% of the market share.
This study aims to analyze the global market for various segments of electric power tools, including:
Power Technology: Cordless, Corded, and Parts & Accessories.
Distribution Channel: Online and Offline.
End-User: Residential and Industrial & Professional.
Region: North America, Europe, Asia-Pacific, and Rest of World (RoW).
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 7
Part 2. Scope and Methodology 8
Report Scope 9
Power Technology 9
Distribution Channel 9
End-User 9
Region 9
Research Methodology 10
Part 3. Electric Power Tools Market Overview 12
Summary 12
Part 4. Global Electric Power Tools Market by Power Technology 13
Part 5. Global Electric Power Tools Market by Distribution Channel 15
Part 6. Global Electric Power Tools Market by End-User 17
Part 7. Global Electric Power Tools Market by Region 19
Part 8. North America Electric Power Tools Market 22
North America Electric Power Tools Market Overview 22
North America Electric Power Tools Market by Power Technology 22
North America Electric Power Tools Market by Distribution Channel 24
North America Electric Power Tools Market by End-User 26
Part 9. Europe Electric Power Tools Market 29
Europe Electric Power Tools Market Overview 29
Europe Electric Power Tools Market by Power Technology 29
Europe Electric Power Tools Market by Distribution Channel 31
Europe Electric Power Tools Market by End-User 33
Part 10. Asia Pacific Electric Power Tools Market 36
Asia Pacific Electric Power Tools Market Overview 36
Asia Pacific Electric Power Tools Market by Power Technology 36
Asia Pacific Electric Power Tools Market by Distribution Channel 38
Asia Pacific Electric Power Tools Market by End-User 40
Part 11. RoW Electric Power Tools Market 43
RoW Electric Power Tools Market Overview 43
RoW Electric Power Tools Market by Power Technology 43
RoW Electric Power Tools Market by Distribution Channel 45
RoW Electric Power Tools Market by End-User 47
Part 12. Competitive Analysis 49
Competition Overview 49
Recent Developments 50
Techtronic Industries Company Limited 51
Business Overview 51
Contact Information 53
Robert Bosch GmbH 54
Business Overview 54
Contact Information 56
Stanley Black & Decker, Inc. 57
Business Overview 57
Contact Information 59
Makita Corporation 60
Business Overview 60
Contact Information 62
Hilti Corporation 63
Business Overview 63
Contact Information 65
Koki Holdings Co., Ltd. 66
Business Overview 66
Contact Information 66
Other Leading Competitors 67
Disclaimer 68
FIGURES AND TABLES
Global Electric Power Tools Market, Net Growth, 2020-2029 (USD Million)
Global Electric Power Tools Market by Power Technology, 2020-2029 (USD Million)
Global Electric Power Tools Market by Power Technology, CAGR Historic and Forecast, 2020-2029
Global Electric Power Tools Market by Distribution Channel, 2020-2029 (USD Million)
Global Electric Power Tools Market by Distribution Channel, CAGR Historic and Forecast, 2020-2029
Global Electric Power Tools Market by End-User, 2020-2029 (USD Million)
Global Electric Power Tools Market by End-User, CAGR Historic and Forecast, 2020-2029
Global Electric Power Tools Market Share by Region, 2023
Global Electric Power Tools Market by Region, 2020-2029 (USD Million)
Global Electric Power Tools Market by Region, CAGR Historic and Forecast, 2020-2029
North America Electric Power Tools Market, Net Growth, 2020-2029 (USD Million)
North America Electric Power Tools Market by Power Technology, 2020-2029 (USD Million)
North America Electric Power Tools Market by Power Technology, CAGR Historic and Forecast, 2020-2029
North America Electric Power Tools Market by Distribution Channel, 2020-2029 (USD Million)
North America Electric Power Tools Market by Distribution Channel, CAGR Historic and Forecast, 2020-2029
North America Electric Power Tools Market by End-User, 2020-2029 (USD Million)
North America Electric Power Tools Market by End-User, CAGR Historic and Forecast, 2020-2029
Europe Electric Power Tools Market, Net Growth, 2020-2029 (USD Million)
Europe Electric Power Tools Market by Power Technology, 2020-2029 (USD Million)
Europe Electric Power Tools Market by Power Technology, CAGR Historic and Forecast, 2020-2029
Europe Electric Power Tools Market by Distribution Channel, 2020-2029 (USD Million)
Europe Electric Power Tools Market by Distribution Channel, CAGR Historic and Forecast, 2020-2029
Europe Electric Power Tools Market by End-User, 2020-2029 (USD Million)
Europe Electric Power Tools Market by End-User, CAGR Historic and Forecast, 2020-2029
Asia Pacific Electric Power Tools Market, Net Growth, 2020-2029 (USD Million)
Asia Pacific Electric Power Tools Market by Power Technology, 2020-2029 (USD Million)
Asia Pacific Electric Power Tools Market by Power Technology, CAGR Historic and Forecast, 2020-2029
Asia Pacific Electric Power Tools Market by Distribution Channel, 2020-2029 (USD Million)
Asia Pacific Electric Power Tools Market by Distribution Channel, CAGR Historic and Forecast, 2020-2029
Asia Pacific Electric Power Tools Market by End-User, 2020-2029 (USD Million)
Asia Pacific Electric Power Tools Market by End-User, CAGR Historic and Forecast, 2020-2029
RoW Electric Power Tools Market, Net Growth, 2020-2029 (USD Million)
RoW Electric Power Tools Market by Power Technology, 2020-2029 (USD Million)
RoW Electric Power Tools Market by Power Technology, CAGR Historic and Forecast, 2020-2029
RoW Electric Power Tools Market by Distribution Channel, 2020-2029 (USD Million)
RoW Electric Power Tools Market by Distribution Channel, CAGR Historic and Forecast, 2020-2029
RoW Electric Power Tools Market by End-User, 2020-2029 (USD Million)
RoW Electric Power Tools Market by End-User, CAGR Historic and Forecast, 2020-2029
Global Electric Power Tools Market Share (%), by Competitors, 2023
Techtronic Industries Company Limited Financial Overview (HKD Million)
Techtronic Industries Company Limited Revenue, by Segment, 2022
Techtronic Industries Company Limited Revenue, by Region, 2022
Robert Bosch GmbH Financial Overview (EUR Million)
Robert Bosch GmbH Revenue, by Segment, 2022
Robert Bosch GmbH Revenue, by Region, 2022
Stanley Black & Decker, Inc. Financial Overview (USD Million)
Stanley Black & Decker, Inc. Revenue, by Segment, 2023
Stanley Black & Decker, Inc. Revenue, by Region, 2023
Makita Corporation Financial Overview (JPY Million)
Makita Corporation Revenue, by Segment, 2023
Makita Corporation Revenue, by Region, 2023
Hilti Corporation Financial Overview (CHF Million)
Hilti Corporation Revenue, by Segment, 2022
Hilti Corporation Revenue, by Region, 2022