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Electric Power Tools Market Share

Report ID: GMI5579
Published Date: Apr 2024
Report Format: PDF

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Electric Power Tools Market Share

Global Electric Power Tools Company Market Share Analysis, 2023

Electric power tools industry seem to be fragmented in nature due to presence of local and global players across the globe. In 2023, the market players such as Stanley Black & Decker, Inc., Robert Bosch GmbH, Makita Corporation, Hilti Corporation, Hitachi Koki Co., Ltd., Techtronic Industries Co. Ltd., Milwaukee Electric Tool Corporation, DeWalt collectively held around 30%-40% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Electric Power Tools Market Companies

Major players operating in the electric power tools industry are:

Atlas Copco AB
DeWalt
Emerson Electric Co.
Fein Power Tools Inc.
Festool Group
Hilti Corporation
Hitachi Koki Co., Ltd.
Makita Corporation
Milwaukee Electric Tool Corporation
Panasonic Corporation
Robert Bosch GmbH
Ryobi Limited
Snap-on Incorporated
Stanley Black & Decker, Inc.
Techtronic Industries Co. Ltd.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of electric power tools market was reached USD 46.4 billion in 2023 and is expected to register 4.1% CAGR from 2024 to 2032, owing to the rapid urbanization and infrastructure improvement initiatives which includes production activities worldwide.

Electric power tools industry from the drills and fastening tools segment recorded USD 17 billion in 2023 due to its rising usage in ongoing creation initiatives, renovations, and infrastructure development sports activities, requiring drilling, screwing, and fastening operations.

North America electric power tools industry is expected to reach USD 15 billion by 2032 due to continued investments in business and home construction, infrastructure upgrades, and urban development tasks in the region.

Hitachi Koki Co., Ltd., Makita Corporation, Milwaukee Electric Tool Corporation, Panasonic Corporation, Robert Bosch GmbH, Ryobi Limited, Snap-on Incorporated, Stanley Black & Decker, Inc., and Techtronic Industries Co. Ltd., are some of the major electric power tools companies worldwide.