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Rotary Tool Market Share

Report ID: GMI12180
Published Date: Nov 2024
Report Format: PDF

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Rotary Tools Market Share

U.S. Rotary Tools Market Size, 2021 – 2032, (USD Million)

In 2023, key companies like Bosch, Makita, Craftsman, Techtronic companies held a combined market share of 40-45%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced and smart rotary tools that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

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

Authors: Aviansh Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for rotary tools was reached USD 796.5 million in 2023 and is estimated to grow at a 4.3% CAGR from 2024 to 2032, driven by the rising home DIY culture.

The electric segment generated revenue of around USD 504.4 million in 2023 and is projected to grow at a 4.7% CAGR from 2024 to 2032, due to their efficiency and versatility in various applications.

The industrial/professional segment held around 63% of the market share in 2023 and is anticipated to grow at a 4% CAGR from 2024 to 2032, led by the demand for precision tasks in manufacturing sectors.

The DIY/home improvement segment is expected to grow at a 4.9% CAGR through 2032, fueled by the increasing popularity of DIY projects among homeowners.

The U.S. rotary tools market size exceeded USD 172.8 million in 2023 and is estimated to grow at a 4.4% CAGR from 2024 to 2032, led by the robust manufacturing base in automotive, aerospace, and electronics sectors.

Key players in the rotary tools industry include Bosch, Craftsman, Dremel, Duratool, Emerson, Makita, Milwaukee, Proxxon, Ryobi, Stanley, WEN Products, and Worx.