Power Tools Market Analysis | ANDREAS STIHL AG and Co. KG, Apex Tool Group LLC, Atlas Copco AB are Market Pioneers

Competitive Benchmarking and  Forecasts for Core Companies 2023-2027

The Power Tools Market is estimated to grow by USD 11.43Bn between 2022 and 2027 accelerating at a compound annual growth rate (CAGR) of 5.74% worldwide. 

Rising global construction and infrastructure development activities, technological innovation accelerating replacement demand, and the growing demand for home improvement products are propelling the market advancement of the Power Tools Market turning it into a billion-dollar industry.​​​​​

​​​​​​Power Tools  Market Analysis

Key Market Players and their Key Offerings: When it comes to the key market placers in the market landscape companies are implementing strategic alliances and Product launches, to enhance their market presence in the ​​​​​​Power Tools  Market ​​​​​.

• ANDREAS STIHL AG and Co. KG y offer power tools under the subsidiary Andreas Stihl Pvt. Ltd. Also, the company offers power tools under the subsidiary Andreas Stihl Pvt. Ltd.
• Apex Tool Group LLC offers power tools under the brands Weller, Cleco, and Apex. Also, through this segment, the company offers its hand tools and power tools to various markets such as Industrial, Vehicle service, Motor vehicle industry, Aerospace, Construction/DIY, and Electronics.

Some of the prominent names are ANDREAS STIHL AG and Co. KG, Apex Tool Group LLC, Atlas Copco AB, C. and E. Fein GmbH, Evolution Power Tools Ltd., Group Silverline Ltd., Hilti Corp., Illinois Tool Works Inc., JPW Industries Inc., Koki Holdings Co. Ltd., Makita USA Inc., Nemo Power Tools Ltd., Panasonic Holdings Corp., Positec Tool Corp., Robert Bosch GmbH, Snap On Inc., etc. Our report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. 

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors market players must distinguish their product and service offerings through a clear and unique value proposition. Download our sample report for more insights on the​​​​​​ Power Tools  Market.

Power Tools Market Highlights

• The Power tools market is segmented by End-user (Industrial and Residential), Technology (Electric, Pneumatic, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).
• APAC led the market with 43% of the market growth set to originate from this region during the forecast period.
• The rise in global construction and infrastructure development activities is one of the primary factors driving the growth of the power tools market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.