Rotary Tool Market Size - By Product Type, By Speed, By End-use, By Distribution Channel Analysis, Share, Growth Forecast, 2024 - 2032

Rotary Tool Market Size

The global rotary tools market was valued at USD 796.5 million in 2023 and is estimated to grow at a CAGR of over 4.3% from 2024 to 2032.
 

The COVID-19 pandemic certainly acted as a driver in disguise as a lot of people engaged in DIY (do-it-yourself) projects, resulting in a high surge of promotion. Homeowners redoing renovation alone. Due to this pivot, there was a spike in the use of rotary tools that are essential for a plethora of tasks such as woodwork, metal, and crafting. With the availability of blogs, videos, and tutorials existing in the market, consumers were engaging and spending on projects which revolved around the conception of home tools, using rotary tools to get professional quality without having to leave the house.
 

Furthermore, rotary tools are used in the automotive, aerospace, electronics, and construction industries, to name a few. These tools are commonly used for cutting, grinding, sanding, and polishing in the manufacturing process. Thus, the need for industries to acquire durable rotary tools for accuracy and consistency has increased. This is especially important in the precision parts manufacture and engineering business domains. Moreover, the increasing number of small and medium enterprises in the construction and craft industries has contributed to the growing demand for rotary tools because versatile tools are needed in these businesses.
 

Rotary Tool Market Trends

• There is an increased demand for rotary tools as consumers have more access to these products through e-commerce platforms, due to the rise of online shopping. E-commerce websites enable consumers to shop around and get the most competitive prices, allowing customers to make suitable purchasing decisions.
   
• These platforms promote product analysis and comparison, which instils greater trust in customers purchasing rotary tools. Because of this trend, companies have started to innovate their products and services based on consumer reviews. Furthermore, companies are moving towards DTC strategies, enhancing customer trust and satisfaction while also improving the supply chain.
   
• The increase in urban populations generates higher demand for housing and related infrastructure, thus increasing the demand for rotary tools in construction projects.
   
• The demand for tools is fuelled by cities currently expanding in Asia-Pacific and Africa. Boost economic development, there is an increase in government spending on construction and housing which allows rotary tool manufacturers to access a market where construction companies are looking for superior quality equipment.
   

Rotary Tool Market Analysis

• The rotary tool industry exhibits a prominent level of rivalry due to the constant entrance of new firms as well as established ones. Competition in prices and the launching of cheap substitutes puts pressure on profit margins in the industry.
   
• The very low-cost equipment will exacerbate the problem of unqualified products entering the market which can harm the company and cause consumer discontent. Economic challenges such as recessions can lower the purchasing power of the consumer in areas that are not deemed as necessities, including tools which is a concern for the manufacturers.
   
• Rapid developments in technology can also lead to older models being obsolete which pushes for continuous innovation and change for the plants to remain competitive in the market.

The rotary tool market is further divided on the basis of product type into electric and pneumatic. The electric component witnessed revenue of approximately USD 504.4 Million in the year 2023, and the same is projected to witness a growth rate of roughly 4.7% during 2024 to 2032.
 

• The cordless tool industry shows great promise with the emergence of lithium-ion batteries. This newer technology is capable of greater energy density, longer operating times, and shorter charging times.
   
• Beneficial tools have become readily available for use with only a small number of recharges. The safety and durability of batteries are enhanced by modern battery management systems which seamlessly integrate into the tools. Combining features like thermal safeguard and overcharge protection makes using power tools much more appealing.
   
• The use of fast chargers and other technological breakthroughs has allowed batteries to be replaced in a short period; therefore, all non-essential tend to delay tools for people who require high operational output.
   
• Manufacturers are creating and producing battery-operated tools with environmental consumers in mind due to the rise in awareness. Products that have readily made usage out of recyclable material or that consume energy at a small rate have been gaining useful traction.

There are two end uses for the global rotary tool market in accordance with types: professional/industrial and DIY/home improvement. The professional/industrial part lost approximately 63% of the rotary tool industry in terms of share for the year 2023, yet growth rates of 4% are predicted for the upcoming forecast. Over the forecast period, DIY/home improvement is predicted to reach a 4.9% growth rate.
 

• People have reported attempting to do home improvement and renovation more often since the COVID-19 pandemic began, making it evident that people have started to stay at home for a longer period.
   
• To improve their living places, homeowners are seeking more rotary tools, and this considerable increase in demand stems from the growing DIY culture as social media has increased tutorials and assisted more individuals in working on projects on their own.
   
• More rotary tools have also begun to replace handheld tools among do-it-yourself markets as they serve functions such as woodworking, crafting, and much more. Moreover, automotive, aerospace, and construction industries are also integrating rotary tools in their increasingly greater supply and demand for precise and efficient tools. There is increased growth in the rotary tool market as a result.
   
• Cordless rotary tools are an essential asset in a range of professional settings because they give the user more freedom of movement. Since professional workers are required to frequently change between tasks and work locations, the cordless option is an essential one.
   
• With the increasing rate of urbanization, there is a growing need for home repair or renovation. This movement presents huge opportunities for rotary tools which are mainly used during small DIY jobs as well as in industrial settings.  

In terms of the country, United States that leads the other North America-based market in the sale of rotary tools, and in 2023 their earnings were at a value of USD 172.8 million with an approximated compound annual growth rate of 4.4% from the year 2024 to 2032.
 

• A strong manufacturing presence can still be seen in the United States, especially in the automotive, aerospace, and electronics industries. Precision methods such as cutting, grinding, and polishing all require the use of high-grade rotary tools, and such industries contribute heavily to the demand for these tools.
   
• More efficient types of tools have to be used due to the adoption of modern manufacturing technologies; thus, the strict functional requirements stimulate the growth of the market.
   
• The introduction of lithium-ion batteries has transformed rotary tools by lengthening their run time while simultaneously lowering their charge time. These advancements make tools more comfortable to use and versatile, which in turn makes them more popular.
   
• Rotary tools incorporating innovations like App and Bluetooth connectivity attract technology-conscious consumers wanting added features and performance tracking.
   

North America: According to the country, the US is the strongest, with an approximate 76% share of the North American rotary tool market. However, as American consumers become more aware, there is a growing focus for tools to be energy efficient and to be made of environmentally friendly materials, which is also changing. There is a growing trend in consumers actively seeking tools that are high-quality, durable, repairable rather than replaceable, and are humane. In the US, rapid urbanization is creating a shift in perceptive turning the demand for home redesign and improvement creating demand for living space further consumer in urban areas shift to use of rotary tools for such projects
 

The Canadian market rotary tools are said to have grown at a growth rate of 3.2% in the year 2023 alone. More Canadians are becoming fans of home improvement DIY activities. There is a good demand for rotary tools that are skilled at several applications in an effort to fix house aesthetics and improve their efficiency so that they are multifunctional. More Canadians have been able to participate in projects as a result of the abundance of Do-it-Yourself materials online, which has increased the demand over rotary tools. The construction and manufacturing sectors of Canada are also among the greatest in number and use rotary tools for multiple tasks, and the need for precision and efficiency is the reason for the majority of the market growth. Government funding in construction and infrastructure such as housing or public transit is an active market for rotary tool manufacturers as artisans always look for good equipment to work with. Thus,
 

Asia Pacific: The rotary tool market in Asia Pacific is in only third place in this region, somewhere about 34% in 2023 and projected growth of 5.6%. Among nations, China rotary tools market showing significant growth at 6.4% with clear indicators of upward trajectory due to impressive growth in 2023. China remains one of the most powerful producers in the world and its portfolio includes everything from electronics to automobiles and everything in between. This describes an extensive network of production we see, therefore, there is a high need for rotary tools as they are significant for getting the right precision while doing work related to many industries.
 

The policies made by the government in China today aim at improving productivity in manufacturing and increasing competitiveness and as a result, more money is needed for new tools and technologies. At the same time, Chinese homeowners are increasingly using home improvement projects due to the empowering effect of more disposable income. The trend indicates a cultural shift towards a more do it yourself approach to home beauty and comfort enhancement. Furthermore, the increased use of social networks by youth enhances the visibility of DIY and home renovation activities and therefore rotary tools.
 

Rotary Tools Market Share

In 2023, Bosch, Makita, Craftsman, and Techtronic companies accounted for approximately 40-45% of total market share. To widen its client base and solidify the company’s market standing, these types of firms are undergoing processes such as merging and acquiring, expansion of facilities, and collaborating with other equity holders.
 

Such companies continue to significantly invest in studies and research to enhance and develop innovative and smart rotary tools that correspond to the evolving preferences of industry. Competitive approaches normally include differentiation strategies where companies differentiate their products using additional features and also geographic expansion strategies that target new markets. In particular, these innovative and market responsive approaches place such companies in a promising growth position.
 

Rotary Tools Market Companies

Major players operating in the rotary tools industry are:

• Bosch
• Craftsman
• Dremel
• Duratool
• Emerson
• Makita
• Milwaukee
• Proxxon
• Ryobi
• Stanley
• WEN Products
• Worx
   

Rotary Tools Industry News

• In May 2024, The Dremel brand made the debut of two new rotary tools that optimize DIYers hands-on experience. The introduction of model 3100 and improvement of model 4000 have helped Dremel with extending their corded rotary tool collection with dwellings that have partial plastic. The tools have been placed in a box of How2Recycle which is acceptably repurpose able.
   

This rotary tool market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Product Type

• Electric
  •  Corded
  • Cordless 
• Pneumatic

Market, By Speed

• Up to 15,000 rpm
• 15,000 rpm to 30,000 rpm
• Above 30,000 rpm

Market, By End-use

• DIY/Home improvement projects
• Industrial/professional 
  • Automotive
  • Aerospace
  • Energy
  • Building & construction
  • Others (electronics, oil & gas, etc.)

Market, By Distribution Channel

• Online
• Offline

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa