According to a market report by Lucintel, the future of the global power tool market looks promising with opportunities in the residential, construction, industrial, and gardening markets. The global power tool market is expected to grow with a CAGR of 4.6% from 2025 to 2031. The major drivers for this market are the increasing demand for DIY home improvement, the rising adoption of cordless power tools, and the growing construction & renovation industry activities.
A more
than 150-page report to understand trends, opportunity and forecast in global power
tool market to 2031 by type (electric, pneumatic, hydraulic, and others),
application (residential, construction, industrial, gardening, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, electric is expected to witness the
highest growth over the forecast period.
Within the
application category, construction is expected to witness the highest growth.
Download
sample by clicking on power tool market.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Stanley
Black & Decker, TTI, Bosch, Makita, Hilti, HiKOKI, Dongcheng, CHERVON,
Snap-on Incorporated, Emerson are the major suppliers in the power tool market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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