Home > Industrial Machinery > Industrial Equipment > Tools > Rotary Tool Market

Rotary Tool Market Size

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

Download Free Sample

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 has catalyzed a significant increase in DIY (Do-It-Yourself) home projects, prompting many homeowners to undertake renovation tasks independently. This shift has substantially driven the demand for rotary tools, which are crucial for various applications such as woodworking, metalworking, and crafting. The widespread availability of online tutorials, videos, and DIY blogs has empowered consumers to engage in complex projects, thereby encouraging investments in rotary tools to achieve professional-quality results at home.

To get key market trends

Download Free Sample

Rotary tools are also indispensable across multiple industrial sectors, including automotive, aerospace, electronics, and construction. These tools are essential for cutting, grinding, sanding, and polishing tasks, making them integral to production processes. As industries strive for enhanced efficiency and precision, the demand for high-quality rotary tools that deliver consistent results has surged. This trend is particularly evident in precision engineering and manufacturing sectors. Additionally, the expansion of SMEs in sectors such as construction and crafts has further fueled the demand for rotary tools, as these businesses require versatile tools capable of handling a wide range of applications.

Rotary Tool Market Report Attributes
Report Attribute	Details
Base Year:	2023
Rotary Tool Market Size in 2023:	USD 796.5 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	4.3%
2024 – 2032 Value Projection:	USD 1.15 Billion
Historical Data for:	2021 - 2023
No. of Pages:	220
Tables, Charts & Figures:	180
Segments covered:	Product Type, Speed, End Use, Distribution Channel and Region
Growth Drivers:	Growing construction & renovation activities Rising home DIY culture Urbanization & infrastructure development
Pitfalls & Challenges:	Fluctuating raw material costs Intense competition

Learn more about the key segments shaping this market

Download Free Sample

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.