Power Tools Market Share

APAC Market Insights

Asia Pacific in the power tools market is anticipated to garner the highest share of 45.1% by the end of 2035. The market’s upliftment in the region is highly fueled by the region’s position as the largest manufacturing center, huge government-based infrastructure investments, and unprecedented urbanization. Besides, India’s Make in India and China’s Belt and Road Strategy, along with Southeast Asia’s industrial expansion, are also responsible for boosting the market in the region. Furthermore, the market is successfully shifting from conventional to advanced lithium-ion models, owing to a surge in labor expenses and manufacturing sophistication. According to the 2023 IEA Organization article, there has been a growing demand for vehicles in China by more than 70%, while electric car sales increased by 80% as of 2022. Therefore, there is a huge demand for batteries in the region, particularly in China, which denotes a huge growth opportunity for the market in the region.

Battery Demand in China by Mode (2016-2022)

Source: IEA Organization

China in the power tools market is growing significantly, owing to its status as the world’s factory, along with the strategic government push for industrial upgradation and colossal domestic infrastructure development. Besides, the National Development and Reform Commission (NDRC) is continuing to accept huge infrastructure projects from urban clusters to high-speed rail, which consume massive quantities of professional-grade power tools. According to an article published by the International Review of Economics & Finance in November 2024, the country’s digital economy has witnessed increased growth, amounting from 27.2 trillion yuan in 2017 to 50.2 trillion yuan in 2022. In addition, there has been a rise in the country’s contribution to the gross domestic product (GDP) from 32.9% to 41.5%, which is also proliferating the market’s growth.

India in the power tools market is also growing due to the government-based spending, an upsurge in the manufacturing industry based on production-linked incentive (PLI) schemes, and increased urbanization. According to a report published by the Invest Budget Government data report in December 2024, the capital spending by the country’s union government for major infrastructure industries has been growing at a 38.8% between 2020 and 2024. Moreover, the National Infrastructure Pipeline (NIP) has been unveiled, which has readily targeted a projected infrastructure investment of approximately ₹111 lakh crore by the end of 2025. This particular strategy has encompassed more than 9,766 projects as well as schemes across 37 sub-sectors, thus suitable for driving the market’s exposure in the country.

Europe Market Insights

Europe in the power tools market is projected to emerge as the fastest-growing region during the forecast period. The market’s development in the region is extremely uplifted by increased focus on technological advancements, sustainability, and quality. In addition, the growth is further driven by the region’s ambitious shift to double the yearly energy renovation rate of buildings. As stated in an article published by the Europe Commission in July 2024, there has been an increase in advanced manufacturing centers from 1,900 to 4,500 between 2009 and 2023. This has further demonstrated over 10% of the industrial applications for progressive technologies in manufacturing processes. Besides, 3D printing is considered the highest manufacturing technological area, with the ADMAN sector readily accounting for 39% of activities by utilizing this technology in the region.

Germany in the market is gaining increased traction, owing to the massive private and public investment in energy transition and industrial modernization, along with a leading manufacturing hub. In addition, the country’s Industrial Strategy 2030, as well as its commitment to climate neutrality, has also catalyzed unprecedented capital spending. In this regard, the 2025 State Government data report indicated that the U.S.-based foreign direct investment (FDI) in the country amounted to USD 193 billion. Besides, the €1 trillion package comprises generous investments in infrastructure and defense, along with €500 billion effectively allocated to a specialized fund for infrastructure development, and €100 billion for climate-based investments. Furthermore, notable U.S.-specific FDI industries in the country are also driving the market’s growth in the country.

U.S. FDI Investments in Germany (2025)

Source: State Government

Poland in the market is also developing due to its pivotal role as the nearshoring center for regional manufacturing, the booming residential construction industry, and the increased absorption of regional recovery funds. As per a report published by the Europe Commission in 2025, the provision of €59.8 billion as plan valuation, €25.3 billion as RRF grants, and €34.5 billion as RRF loans caters to the country’s plan to become resilient, sustainable, and prepared for opportunities, particularly in digital transition and green transition. Moreover, based on this objective, the country comprises 56 investment streams, along with 55 reforms. Additionally, 46.6% of the plan is poised to support the green transition, and 21.3% of the plan caters to the digital transition, thereby denoting an optimistic outlook for the market’s development in the country.

North America Market Insights

North America in the power tools market is predicted to witness steady growth by the end of the stipulated duration. The market’s growth in the region is highly propelled by the sustained residential and industrial demand. This is followed by the increased adoption of battery-powered and cordless tools, which is driven by innovations in lithium-ion battery ecosystems for notable players. As stated in a data report published by the Congress Government in November 2025, lithium-ion batteries in the U.S. represent 17% of the overall energy storage battery imports, which increased to 84% by the end of 2024. Likewise, in the case of exports, non-lead-acid battery parts are exported to Mexico, which increased from USD 43 million in 2023 to USD 1.9 billion as of 2024. Therefore, this effectively catered to 96% of all non-lead-acid battery part exports from the U.S. in 2024, thereby making it suitable to boost the market growth in the region.

The power tools market in the U.S. is gaining increased exposure due to federal budget allocation, along with advanced manufacturing, safety programs, and environmental sustainability approaches. For instance, according to an article published by the Department of Energy in May 2023, the U.S. Department of Energy's (DOE) Hydrogen and Fuel Cell Technologies Office announced an estimated USD 42 million in grants to support 22 new projects. The purpose was to make advancements in critical technologies for deploying, storing, and producing hydrogen. These projects, in turn, progressed DOE’s Hydrogen Shot objective of reducing the hydrogen cost to USD 1 per kilogram in a decade. Besides, as per the February 2023 ASC Organization article, the U.S. chemical producers increased by 3.9% as of 2022, and the chemical sector employment continued to grow, with a surge in payrolls by over 15,000 in the same year, thus creating an optimistic outlook for the overall market.

The power tools market in Canada is also growing, owing to the existence of housing plans, federal infrastructure, industrial investment, critical minerals strategy, energy retrofits, green building codes, digitalization, and skilled trades migration. According to the April 2024 Government of Canada article, the Budget 2024 outlined a bold approach to unveil 3.8 million new homes by the end of 2031. This comprised a minimum of 2 million net new homes, and 1.8 million homes are projected to be developed by 2031. Moreover, federal actions supported 1.2 million homes and have instructed to build more than 800,000 housing properties by the end of 2031. As per the March 2025 HJS Organization report, the country implemented the Canada Critical Minerals Strategy in 2022, which has stipulated CAD 3.8 billion for research and development, which positively impacts the market’s growth.