Power Tools Market Size

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

The reason behind the growth is impelled by the growing construction industry worldwide. Power tools are of great value and widely used at construction sites, as they provide workers with the additional strength and capability they need to finish difficult construction projects. The construction sector is one of the largest in the world economy, with about USD10 trillion spent on construction-related goods and services every year.

The huge demand for power tools in modern households are believed to fuel the market growth. With the surge in consumers becoming aware and technically equipped they prefer repairing the furniture or any electrical equipment manually. Even refurbishing existing fittings, or plumbing they prefer to do themselves to save costs of a paid technician. As such the demand for modern power tools to make tasks easier is much in demand.  The essential power tools for home use include a power drill + driver, jigsaw, circular saw, miter saw, oscillating multi-tool, random orbital sander, cordless brad nail gun, and table saw.