Power Tools Market Analysis

Mode of Operation (Electric, Liquid Fuel, Hydraulic, Pneumatic, Powder-Actuated)

The electric segment is estimated to account for 36% share of the global power tools market in the coming years owing to the growing popularity of cordless technology. The most common electric power tools are power saws, electric planes, electric milling cutters, electric mortising machines, and portable parquet finishers. They can be corded or cordless. 

Corded electric tools require plug-and-play whereas cordless tools are handier to operate. Consumers increasingly prefer cordless tools that are lightweight, portable, flexible, and compact. Bosch Power Tools had launched more than 60 new cordless tools for professional users, in the last two years, more than 25 of which in 2021. By 2023, the range is supposed to cover a total of around 100 new cordless tools. 

Type (Sawing and Cutting, Fastening, Demolition, Routing, Portable Nibblers, Air-Powered, Material Removal)

Power tools market from the material removal segment is set to garner a notable share shortly. These tools are used as end-effectors to remove material from a part to produce the desired shape. Material removal tasks such as deburring using, deflating, edge-breaking, surface finishing, etc., require beveling tools, chipping hammers, circular cutters, drilling solutions, grinders, pneumatic saws, riveting hammers, and others. They can be powered by electric or pneumatic sources.

Our in-depth analysis of the global market includes the following segments: