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[ 英語タイトル ] Power Tools Market by Mode (Electric (Corded & Cordless), Pneumatic, Others), Tool Type (Drilling & Fastening, Sawing, Demolition, Material Removal), Application (Industrial (Construction, Automotive, Aerospace, Energy), DIY) - Global Forecast to 2023


Product Code : MNMSE00108976
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Semiconductor and Electronics
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
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[Report Description]

“Power tools market to exhibit significant growth potentials between 2017 and 2023”
The power tools market is expected to grow at a CAGR of 4.6% between 2017 and 2023, to reach USD 35.58 billion by 2023. The key driving factors for the growth of the market are the increasing urbanization, constant growth of the construction industry in emerging economies, increasing sales of commercial vehicles across the world, and rising demand for cordless tools. However, the high maintenance cost associated with power tools hinders the market growth.

“Electric tools to hold the largest market share during the forecast period”
The electric tools to exhibit a significant growth during the forecast period owing to the increasing adoption of cordless electric tools, which offers mobility and ease of use, by professional as well as DIY users. Cordless electric tools are lightweight, easy to use, and help to reduce workers’ fatigue. Many times, batteries used in cordless tools are interchangeable with other power tools for the convenience purpose. These tools offer flexibility and portability as they don’t rely on secondary power sources. Thus, the increasing adoption of cordless electric tools over pneumatic tools is expected to drive the growth of the market during the forecast period.

“The market for residential/DIY applications is expected to grow at the highest rate during the forecast period”
The increasing popularity of DIY trend among consumers is driving the growth of the power tools market for residential/DIY applications. Power tools are used by DIY consumers for residential refurbishment and improvement projects.
Remodeling and renovation projects are growing at a faster rate than new construction projects. Therefore, the use of power tools by DIY enthusiasts for remodeling and renovation projects is rising in developed countries such as the US, the UK, and Germany. However, the DIY culture is not very popular in APAC and RoW due to the availability of low-cost labor and high ownership cost of power tools.

“The market for the automotive industry is expected to grow at the highest CAGR during the forecast period”
Automotive is one of the prominent industries for power tools. Power tools are essential for automotive assembly operations, and service and repair workshops. Power tools such as impact drivers, pulse tools, impact torque wrenches, and nutrunners are widely used for applications such as automotive assembly and manufacturing operations. The increasing global sales of vehicles has resulted in the rising demand for after-sales, maintenance, and repair services. Hence, the automotive industry is driving the adoption of power tools, and a similar trend is likely to continue during the forecast period.

“North America is expected to hold the largest market share during the forecast period”
North America is expected to hold the largest market share during the forecast period. The growth of the North American market is mainly driven by the growing construction industry and rising automotive sales in this region. The increasing wind energy installations have boosted the demand for fastening tools in this region. In North America, power tools are extensively used for both industrial as well as residential applications. The DIY trend is already prevalent among consumers in this region and is likely to continue to drive the demand for cordless tools.

The break-up of the profiles of primary participants for the report has been given below:
• By Company Type: Tier 1 = 52%, Tier 2 = 26%, and Tier 3 = 22%
• By Designation: C–Level Executives = 44%, Directors = 38%, and Others = 18%
• By Region: North America = 36%, Europe = 28%, APAC = 22%, and RoW = 14%
Major players involved in the market include Robert Bosch (Germany), Stanley Black & Decker (US), Techtronic Industries (TTI) (Hong Kong), Makita (Japan), Hilti (Liechtenstein) Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), Hitachi Koki (Japan), Snap-on (US), and C. & E. Fein (Germany).

Other players in this market include Emerson Electric (US), Panasonic (Japan), Chevron Group (China), TTS Tooltechnic Systems (Germany), Illinois Tool Works (US), Positec Group (China), CS Unitec (US), FRIEDRICH DUSS (Germany), Uryu Seisaku (Japan), Deprag Schulz (Germany), KYOCERA (Japan), AIMCO Global (US), INTERSKOL (Russia), and FERM. (Netherlands).

Research Coverage:
The research report on the global power tools market covers the market on the basis of mode of operation, tool type, application, and geography.
The power tools market based on mode of operation has been segmented into electric, pneumatic, and other tools. Other power tools include hydraulic and power-actuated tools. Electric power tools have been further classified into corded and cordless tools.
On the basis of tool type, the market has been segmented into drilling and fastening tools, demolition tools, sawing and cutting tools, material removal tools, routing tools, and others that include measuring and layout tools, laser tools, dust extractors, glue guns, and heat guns.
The market based on application has been segmented into industrial/professional and residential/DIY applications. Further, on the basis of industrial applications, the market has been segmented into construction, automotive, aerospace, energy, shipbuilding, and other industries that include mining, oil and gas, and electronics.
The report covers 4 major geographic regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
Illustrative segmentations, analyses, and forecasts for the market based on mode of operation, tool type application, and geography have been conducted to give an overall view of the power tools market.
The major drivers, restraints, opportunities, and challenges for the market have been detailed in this report.
The report includes a detailed competitive leadership mapping, along with key players, in-depth analysis, and revenues of key players.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 List of major secondary sources 19
2.1.1.2 Key data from secondary sources 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Primary interviews with experts 20
2.1.2.2 Breakdown of primary interviews 21
2.1.2.3 Key data from primary sources 21
2.1.3 SECONDARY AND PRIMARY RESEARCH 22
2.1.3.1 key industry insights 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.1.1 Approach for capturing the market share by bottom-up analysis (demand side) 23
2.2.2 TOP-DOWN APPROACH 24
2.2.2.1 Approach for capturing the market share by top-down analysis (supply side) 25
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 26
2.4 RESEARCH ASSUMPTIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 34
4.1 POWER TOOLS MARKET OPPORTUNITIES 34
4.2 ELECTRIC POWER TOOLS MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION 35
4.3 POWER TOOLS MARKET, BY TOOL TYPE 35
4.4 POWER TOOLS MARKET, BY INDUSTRIAL APPLICATIONS 36
4.5 POWER TOOLS MARKET IN NORTH AMERICA, BY MODE OF OPERATION AND COUNTRY 37
4.6 POWER TOOLS MARKET, BY GEOGRAPHY 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 39
5.2 MARKET DYNAMICS 39
5.2.1 DRIVERS 40
5.2.1.1 Constantly growing construction industry in emerging economies 40
5.2.1.2 Increasing global sales of commercial vehicles 40
5.2.1.3 Rising adoption of high-density lithium-ion batteries for charging cordless power tools 41
5.2.2 RESTRAINTS 42
5.2.2.1 High maintenance cost 42
5.2.2.2 Comply with strict trade policies and safety regulations 42
5.2.3 OPPORTUNITIES 42
5.2.3.1 Focus on manufacturing smart power tools with wireless connectivity 42
5.2.3.2 Industry 4.0 creating opportunities for assembly power tool providers 43
5.2.4 CHALLENGES 43
5.2.4.1 Manufacturing ergonomic and lightweight power tools 43
6 INDUSTRY TRENDS 44
6.1 INTRODUCTION 44
6.2 VALUE CHAIN ANALYSIS 44
6.2.1 RESEARCH AND DEVELOPMENT (R&D) 45
6.2.2 COMPONENT SUPPLIERS 45
6.2.3 POWER TOOL MANUFACTURERS 45
6.2.4 DISTRIBUTORS AND RETAILERS 45
6.2.5 END USERS 45
6.2.6 POST-SALES SERVICES 45
6.3 KEY TRENDS IN THE POWER TOOLS MARKET 45
6.3.1 CONNECTED ASSEMBLY POWER TOOLS 46
6.3.2 BRUSHLESS DC MOTORS (BLDC) 46
6.3.3 HIGH-DENSITY LITHIUM-ION (LI–ION) BATTERIES 46
6.3.4 WIRELESS CHARGING TECHNOLOGY 47
7 POWER TOOLS MARKET, BY MODE OF OPERATION 48
7.1 INTRODUCTION 49
7.2 ELECTRIC 50
7.2.1 CORDED TOOLS 57
7.2.2 CORDLESS TOOLS 57
7.3 PNEUMATIC 58
7.4 OTHER TOOLS 63
8 POWER TOOLS MARKET, BY TOOL TYPE 69
8.1 INTRODUCTION 70
8.2 DRILLING AND FASTENING/DRIVING TOOLS 71
8.2.1 DRILLS 71
8.2.2 IMPACT DRIVERS 72
8.2.3 IMPACT WRENCHES 72
8.2.4 SCREWDRIVERS AND NUTRUNNERS 72
8.3 DEMOLITION TOOLS 73
8.3.1 ROTARY HAMMERS/HAMMER DRILLS/DEMOLITION HAMMERS 73
8.4 SAWING AND CUTTING TOOLS 74
8.4.1 JIGSAWS 74
8.4.2 RECIPROCATING SAWS 74
8.4.3 CIRCULAR SAWS 74
8.4.4 BAND SAWS 74
8.4.5 SHEARS AND NIBBLERS 75
8.5 MATERIAL REMOVAL TOOLS 76
8.5.1 SANDERS/POLISHERS/BUFFERS 76
8.5.2 GRINDERS 76
8.5.2.1 Angle grinders 76
8.5.2.2 Die grinders 76
8.5.2.3 Straight grinders 76
8.6 ROUTING TOOLS 77
8.6.1 ROUTERS/PLANERS/JOINERS 77
8.6.1.1 Palm routers 77
8.6.1.2 Laminate trimmers 77
8.7 OTHERS 79
9 POWER TOOLS MARKET, BY APPLICATION 80
9.1 INTRODUCTION 81
9.2 INDUSTRIAL/PROFESSIONAL 81
9.2.1 CONSTRUCTION 83
9.2.2 AUTOMOTIVE 85
9.2.3 AEROSPACE 86
9.2.4 ENERGY 88
9.2.5 SHIPBUILDING 89
9.2.6 OTHER INDUSTRIES 91
9.3 RESIDENTIAL/DIY 92

10 GEOGRAPHIC ANALYSIS 93
10.1 INTRODUCTION 94
10.2 NORTH AMERICA 96
10.2.1 US 100
10.2.2 CANADA 100
10.2.3 MEXICO 100
10.3 EUROPE 101
10.3.1 GERMANY 105
10.3.2 FRANCE 105
10.3.3 UK 105
10.3.4 ITALY 105
10.3.5 REST OF EUROPE 105
10.4 APAC 106
10.4.1 CHINA 110
10.4.2 JAPAN 110
10.4.3 SOUTH KOREA 110
10.4.4 INDIA 110
10.4.5 REST OF APAC 111
10.5 ROW 111
10.5.1 SOUTH AMERICA 113
10.5.2 MIDDLE EAST AND AFRICA 113
11 COMPETITIVE LANDSCAPE 114
11.1 OVERVIEW 114
11.2 RANKING ANALYSIS OF PLAYERS IN POWER TOOLS MARKET 115
11.3 COMPETITIVE SITUATIONS AND TRENDS 116
11.3.1 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES AND DEVELOPMENTS EMERGED AS KEY STRATEGIES 117
11.3.2 PRODUCT LAUNCHES AND DEVELOPMENTS 117
11.3.3 ACQUISITIONS AND COLLABORATIONS 118
11.3.4 EXPANSIONS 118

12 COMPANY PROFILES 119
12.1 INTRODUCTION 119
(Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View)*
12.2 KEY PLAYERS 120
12.2.1 ATLAS COPCO 120
12.2.2 STANLEY BLACK & DECKER 124
12.2.3 ROBERT BOSCH 127
12.2.4 INGERSOLL-RAND 129
12.2.5 HILTI 131
12.2.6 TECHTRONIC INDUSTRIES (TTI) 133
12.2.7 MAKITA 136
12.2.8 HITACHI KOKI 139
12.2.9 SNAP-ON 142
12.2.10 APEX TOOL GROUP 145
12.3 KEY INNOVATORS 147
12.3.1 URYU SEISAKU 147
12.3.2 POSITEC GROUP 147
12.3.3 CS UNITEC 147
12.3.4 DEPRAG SCHULZ 148
12.3.5 FRIEDRICH DUSS 148
12.4 OTHER KEY PLAYERS 149
12.4.1 C. & E. FEIN 149
12.4.2 EMERSON ELECTRIC 149
12.4.3 INTERSKOL 150
12.4.4 PANASONIC 150
12.4.5 CHEVRON GROUP 151
12.4.6 ILLINOIS TOOL WORKS (ITW) 151
12.4.7 FERM 152
12.4.8 AIMCO GLOBAL 152
12.4.9 TTS TOOLTECHNIC SYSTEMS (FESTOOL) 152
12.4.10 KYOCERA 153
*Details on Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 154
13.1 INSIGHTS OF INDUSTRY EXPERTS 154
13.2 DISCUSSION GUIDE FOR THE POWER TOOLS MARKET 155
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 158
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 160
13.5 AVAILABLE CUSTOMIZATIONS 162
13.6 RELATED REPORT 162
13.7 AUTHOR DETAILS 163

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