Global Power Tools Market By Type (Engine-Driven Power Tool, Electric Power Tool, Pneumatic Power Tool, And Hydraulic And Other Power Tool), By Application (Residential Applications, Construction Field, Industry Field, Gardening Field, And Other), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Power Tools Market By Type (Engine-Driven Power Tool, Electric Power Tool, Pneumatic Power Tool, And Hydraulic And Other Power Tool), By Application (Residential Applications, Construction Field, Industry Field, Gardening Field, And Other), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Power Tools Market by Mode Type (Electric Type, Pneumatic Type, Engine Driver Type, Hydraulic Type and Powder-Actuated Type), By Application (Residential Applications, Construction Field, Industry Field Gardening Field and Other Applications), and by Region -Global Forecast to 2030, which offers a holistic view of the global Power Tools market through systematic segmentation that covers every aspect of the target market.

The global Power Tools market is projected to be US$ 29,913.7 Mn in 2020 to reach US$ 49,187.5 Mn by 2030 at a CAGR of 5.6%.

These tools are available with various energy sources, including electric, hydraulic, pneumatic, powder actuated, etc. Currently, electric motor-driven power tools are more popular than any other type of tools, and these can be either corded or battery-powered. Tools that operate on gasoline such as chainsaws or trimmers are usually used for outdoor purposes. The tools also vary from consumer-to-consumer, professional power tools will be double insulated, not earthed, and will have more power, whereas, DIY or household tools will come with relatively lower power.

Power tools are governed under the OSHA (Occupational Safety and Health Administration) standards across various countries. Several OSHA standards mandate the use of safety gear such as gloves, helmet, welding helmet, earmuffs, etc. since, improper use of these tools can result in serious damage to people, as well, as property. Earlier, these tools were housed in cast metal housings; however, with recent advancements and implications of safety rules, these tools come in a  thermoset polymer plastics housings, which provides more safety advantage to these tools.


Global Power Tools Market Revenue (US$ Mn), 2021 to 2030


The construction sector is one of the key end-user segments for power tools, and increasing use of power tools such as drills, hammers, concrete saw, chain saw, etc. for various construction activities is expected to gain momentum in the coming years. Growth and recovery of the construction sector in developing and developed economies, respectively, with infused investments in building and infrastructural activities are anticipated to be the major factor driving growth of the global power tools market.

However, Stringent regulations posed by OSHA (Occupational Safety and Health Administration) for manufacture and safety guidelines for power tools, particularly in developed economies such as the US and European Union, may hamper the growth of the global power tools market to a certain extent. Nonetheless, Technological advancements in power tools such as the introduction of pneumatic and powder-actuated tools, brushless motors, and other advancements in handheld power tools providing more flexibility, smarter functions, bolster strength and lifespan are expected to provide lucrative opportunities to players in the market, thereby further boosting growth of the global power tools market.

Global Power Tools market is segmented on the basis of mode type, application, and region. On the basis of mode type, the market is segmented into Electric Type, Pneumatic Type, Engine Driver Type, Hydraulic Type, and Powder-Actuated Type. The Electric Type segment accounts for the majority share and is expected to register the highest growth over forecast period. On the basis of application, the market is segmented into Residential Applications, Construction Field, Industry Field Gardening Field, and Other Applications. The Construction Field segment accounts for a majority share in the global Power Tools market.


Global Power Tools Market Attractiveness Analysis by Mode Type, 2018


On the basis of region, the market is segmented into the USA, Europe, APAC, South America, South Africa, and Rest of the World. The APAC accounts for the majority share in the global Power Tools market and is expected to register highest growth rate over forecast period.

The research report on the global Power Tools market includes profiles of some of the major companies such as Stanley Black & Decker, Inc., Ingersoll-Rand Plc, Techtronic Industries Company Limited, Hitachi, Ltd. (Hitachi Koki) and Emerson.



Below are the active patents related to Power Tools Market.


Patent Number: US8820955B2

Power tool with light emitting assembly

Abstract

A power tool includes a housing having a large diameter rear portion and a narrow diameter nosepiece. An end effector is rotatably coupled to the housing. A holder with a substantially annular holder body is received over the nosepiece and non-rotatably coupled to the housing. A substantially annular cover having at least one transparent surface, and an internal annular groove, is received at least partially inside the holder body, and non-rotatably and axially fixed with respect to the holder. A substantially annular printed circuit board is received at least partially inside the annular groove in the cover, and non-rotatably and axially fixed with respect to the cover. A plurality of lighting elements is operatively connected to the printed circuit board and radially disposed about the printed circuit board. The lighting elements are aligned with the at least one transparent surface so as to illuminate a workpiece.

Application File Date: 2013-07-02

Application Granted Date: 2014-09-02

Current Assignee: Black and Decker Inc

Patent Number: US7066691B2

Power drill/driver

Abstract

A hand-held power tool having a multi-speed transmission and a clutch. The multi-speed transmission and the clutch are coupled to one another via a set of interconnecting tabs that are slidingly engaged to one another and secured with pins to inhibit the withdrawal of the tabs from one another. The clutch may include a clutch member, a unitarily formed clutch plate and a plurality of engagement members. The clutch plate includes an annular plate member and a plurality of leg members that extend generally perpendicularly from the annular plate member and which bias the engagement members into engagement with the clutch member. The clutch member may be coupled to an element of the multi-speed transmission, such as to the ring gear of a planetary gear set, so as to reduce the overall size of the power tool.

Application File Date: 2003-01-06

Application Granted Date: 2006-06-27

Current Assignee: Black and Decker Inc

Patent Number: US20100071924A1

Impact wrench with a lubricated impact mechanism

Abstract

An impact wrench comprises a housing, a rotation motor, an output shaft, and an impact mechanism including an inertia drive member with an impact chamber, a drive socket coupling the drive member to the motor, and anvil formed integral with an output shaft extends into the impact chamber, and a coupling means arranged to transfer kinetic energy from the drive member to the anvil, a lubricant provided in the impact chamber, and barrier forming cover element mounted on the drive member to seal off the impact chamber and prevent lubricant from being expelled from the impact chamber at rotation of the drive member.

Application File Date: 2007-10-08

Application Granted Date: 2011-05-10

Current Assignee: Atlas Copco Industrial Technique AB

Key Market Segments:

By Type

  
Engine-driven power tool
  
Electric power tool
  
Pneumatic power tool
  
Hydraulic and other power tool

By Application

  
Residential Applications
  
Construction Field
  
Industry Field
  
Gardening Field
  
Other


Key Market Players included in the report:


  
3M
  
Actuant Corporation
  
Apex Tool Group (US)
  
Atlas Copco (Sweden)
  
C. & E. Fein GmbH
  
Delta Power Equipment Corporation
  
Emerson Electric Co.
  
Enerpac Tool Group
  
Ferm International B.V.
  
Festool GmbH
  
Hilti Corporation (Liechtenstein)
  
Hitachi Ltd. (Hitachi Koki)
  
Husqvarna AB
  
Illinois Tool Works
  
Ingersoll-Rand (Ireland)
  
INTERSKOL
  
KOKI Holdings (Japan)
  
Kyocera Corporation
  
Makita Corporation (Japan)
  
Panasonic Corporation of North America (A subsidiary of Panasonic Corporation)
  
Ridgid Tools
  
Robert Bosch (Germany)
  
Robert Bosch Power Tools GmbH
  
Snap-on Incorporated (US)
  
Stanley Black & Decker (US)
  
Techtronic Industries (Hong Kong)
  
Techtronic Industries Company Limited


Below are the key development related to Power Tools Market in 2020 and 2021.


May 2021: RYOBI™ 18V ONE+™ Platform Celebrates 25 Years with 225+ Products Sharing the Same Battery 60 Power Tools and Outdoor Products Added, with More to Come. ANDERSON, S.C., Techtronic Industries (TTI) Power Equipment proudly announces that the RYOBI™ 18V ONE+™ Platform is celebrating 25 years of battery compatibility with a new, best-in-class milestone – over 225 products in the 18V ONE+™ system, that all share the same battery. The RYOBI™ 18V ONE+™ system continues to expand with many new cordless solutions, offering users incredible value from the home to the jobsite and everywhere in between. Over the last nine months, over 60 new RYOBI™ power tools and outdoor products have been launched, strengthening the brands cordless portfolio, with many more new products in development. In late 2020, the new RYOBI™ 18V ONE+™ HP Brushless Series was introduced, greatly enhancing the RYOBI™ 18V ONE+™ platform. This series of over 25 power tools and outdoor products combine high performance brushless motors, advanced technology, and industry leading Lithium-Ion technology. With these advancements, users can harness more power, run-time, and durability allowing them to work faster and more efficiently than ever before. The new RYOBI™ ONE+™ HP Brushless products deliver peak performance and run time in the most ergonomic design packages. Source

July 2020: Applied Industrial Technologies Introduces its New 2020-2021 Industrial Products Catalog with More Than 31,000 Products. Applied Industrial Technologies (NYSE: AIT) has published its annual Product Catalog for 2020/2021 with more than 31,000 of its most popular industrial and maintenance products, including bearings, belts, hoses, motors, drives, power transmission products, hydraulic and pneumatic components, tools, lubricants, maintenance products, safety items, janitorial supplies, and more. This well-organized, printed catalog helps maintenance and production managers save time by profiling the best-selling products from nearly 200 manufacturers. Source

June 2020: Milwaukee Unveils Cordless 1” D-Handle High Torque Impact Wrench This is Milwaukee Tools most powerful cordless impact wrench. Milwaukee Tool has a new tool for working with 2”+ bolts with the companys first cordless 1” D-handle high torque impact wrench. The M18 FUEL 1” D-Handle High Torque Impact Wrench w/ ONE-KEY replaces the need for pneumatic, delivering up to 2,000 ft-lbs of nut-busting torque and 1,900 ft-lbs of fastening torque for the most demanding applications. True to all M18 FUEL solutions, the new M18 FUEL 1” D-Handle High Torque Impact Wrench combines three technologies – the POWERSTATE brushless motor, REDLINK PLUS intelligence, and REDLITHIUM battery pack. The POWERSTATE brushless motor packs more torque for demanding applications, while REDLINK PLUS Intelligence ensures maximum performance and protects the tool against overloads, overheating, and over-discharge. The M18 REDLITHIUM Battery Pack ensures this tool provides more work per charge and more work over the life of the pack. When equipped with an M18 REDLITHIUM HIGH OUTPUT HD12.0 Battery Pack, this D-handle impact wrench has the run-time to install up to (200) 1-1/4” bolts. Finally, a four-mode DRIVE CONTROL feature provides users the versatility to switch between modes to match the power and speed for the application. As an added benefit, ONE-KEY provides the ability to customize, track, and manage this impact wrench, as well as set a repeatable torque. Within the ONE-KEY app, users can modify one of four fully customizable modes in order to achieve the ideal combination of power, speed, and torque repeatability for their most common applications. These new M18 FUEL 1” D-Handle Impact Wrenches are fully compatible with the M18 line, now offering more than 200 power tool products. Source