Power Tools Market Share

APAC Market Forecast

Power tools market in Asia Pacific is predicted to account for the largest share of 34% by 2037 impelled by the growing population. China has a population of 1.4 billion and India with 1.3 billion inhabitants, remains the two most populous countries, comprising 19% and 18% of the total global population respectively. This would lead to development of more houses and commercial buildings in the region, which necessitate the use of power tools for various tasks such as drilling and fastening. Lately, India has more than 1.420.6270.660 people, a growth of over 0.79% from 2022.

North American Market Statistics

The North America power tools market is estimated to be the second largest, during the forecast timeframe led by increasing advancement in technology which has led to the development of more efficient power tools for several industrial and household purposes. This may significantly increase the demand for power tools in the region.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of power tools is assessed at USD 33.36 billion.

The power tools market size was over USD 31.71 billion in 2024 and is poised to reach USD 68.21 billion by the end of 2037, growing at around 6.6% CAGR during the forecast period i.e., between 2025-2037. Growing construction industry worldwide and the huge demand for power tools in modern households will boost the market growth.

Asia Pacific industry is predicted to account for 34% share by 2037, impelled by the growing population in the region.

The major players in the market include Robert Bosch GmbH, Recent DevelopmentsEmerson Electric, Co., Hilti Corporation, Ingersoll-Rand PLC, Koki Holdings Co., Ltd., Stanley Black & Decker, Techtronic Industries, Snap-on Incorporated, 3M Company, Honeywell International Inc.

Power Tools Market Share