Global Portable Power Tools Market Overview
A portable power tool is the power tools which are powered by electricity. Portable power tools are widely used in electricity, industrial job, plumbing, and construction. Power tools can be used to complete the construction work and repair work with less effort and minimum time. Power tools have multiple application in the commercial establishment and home.
Global Portable Power Tools Market Drivers & Restraints
Portable power tool provides the power to the devices without any electric connection once it is charged which is the major driving factor for the growth of portable power tools market. Additionally, it can be carried wherever required which is another propelling factor for the growth of the target market. Furthermore, the portable power tool provides accuracy than that of hand tools which are the boosting factor for the growth of the global portable power tool market. Moreover, it saves time and manpower due to the use of mechanical and electrical force in tool thus, fueling factor for the growth of the target market. However, the high cost of a portable power tool is the major restraining factor for the growth of the global market. Also, if it is not used properly, power tools can be very dangerous which is another hampering factor for the growth of the target market.
Global Portable Power Tools Market Segmentations & Regional Insights
Portable power tools market is segmented based on type, tool, application, and region.
Based on type, the portable power tools market is segmented into a corded tool and cordless tool. The cordless tool-type segment is dominating the global market and is expected to maintain its dominance over the forecast period. This is mainly attributed due to its features of the cordless tool that makes the use of tool simpler than that of the tool with cord. Based on the tool, the target market is segmented into drilling & fastening, sawing, demolition, and material removal. Based on application, the global market is classified into residential applications, construction, industrial use, automotive, and others.
Based on the region the portable power tools market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global market in the North America region is seen to have a matured growth since this market correlates with the increasing use of advanced technology of portable power tool during the forecast period. In the North America region, the increasing use of portable power tool due to developed life-style of the population is driving the growth of the global market.
Portable Power Tools Market, By Type:
- Corded Tools
- Cordless Tools
Portable Power Tools Market, By Tool:
- Drilling & Fastening
- Sawing
- Demolition
- Material Removal
Portable Power Tools Market, By Application:
- Residential Applications
- Construction
- Industrial Use
- Automotive
- Other
Portable Power Tools Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Portable Power Tools Market, By Type
- Middle East & Africa Portable Power Tools Market, By Tool
- Middle East & Africa Portable Power Tools Market, By Application
- Middle East & Africa Portable Power Tools Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Portable Power Tools Market, By Type
- Latin America Portable Power Tools Market, By Tool
- Latin America Portable Power Tools Market, By Application
- Latin America Portable Power Tools Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Portable Power Tools Market, By Type
- Asia Pacific Portable Power Tools Market, By Tool
- Asia Pacific Portable Power Tools Market, By Application
- Asia Pacific Portable Power Tools Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Portable Power Tools Market, By Type
- Europe Portable Power Tools Market, By Tool
- Europe Portable Power Tools Market, By Application
- Europe Portable Power Tools Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Portable Power Tools Market, By Type
- North America Portable Power Tools Market, By Tool
- North America Portable Power Tools Market, By Application
- North America Portable Power Tools Market, By Country
- The U.S.
- Canada
- Middle East & Africa
Global Portable Power Tools Market Competitive Landscape & Key Players
The key players operating in the portable power tools market involves Robert Bosch Tool Corporation, Stanley Black & Decker, Inc., Metabo AG, Hilti Corporation, Techtronic Industries Co. Ltd., Makita Corporation, Wurth Group, Koki Holdings Co., Ltd., TOYA S.A., Atlas Copco, Ingersoll-Rand, and Snap-on Incorporated. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.
Global Portable Power Tools Market Company Profile
- Robert Bosch Tool Corporation*
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Stanley Black & Decker, Inc.
- Metabo AG
- Hilti Corporation
- Techtronic Industries Co. Ltd.
- Makita Corporation
- Wurth Group
- Koki Holdings Co., Ltd.
- TOYA S.A.
- Atlas Copco
- Ingersoll-Rand
- Snap-on Incorporated
“*” marked represents similar segmentation in other categories in the respective section
FAQs
Portable power tools market is segmented based on type, tool, application, and region.
The Portable Power Tools Market is primarily driven by the growth in construction and infrastructure development, rising popularity of DIY projects, and technological advancements enhancing tool performance. Industrial automation and the expanding electric vehicle market also contribute significantly to the market's growth.
The regions typically considered in reports on the Portable Power Tools Market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is projected to dominate the market due to rapid industrialization, urbanization, and infrastructure development, particularly in countries like China and India. However, North America and Europe also hold significant market shares owing to robust construction activities and technological advancements in the region.
The key players operating the target market includes, Robert Bosch Tool Corporation, Stanley Black & Decker, Inc., Metabo AG, Hilti Corporation, Techtronic Industries Co. Ltd., Makita Corporation, Wurth Group, Koki Holdings Co., Ltd., TOYA S.A., Atlas Copco, Ingersoll-Rand, and Snap-on Incorporated.