Need immediate assistance? Call 1 800.927.5900 or Contact Us
Global demand for professional power tools is forecast to rise 3.7% per year to $27.7 billion in 2024. While sales declined 3.0% in 2020, mainly due to a reduction in construction and manufacturing activity caused by the COVID-19 pandemic, demand will begin to recover in 2021. Rebounds in these industries will be the largest drivers of sales gains through 2024, while ongoing expansion of the global motor vehicle fleet will also contribute to demand growth in the motor vehicle aftermarket.
Cordless Electric Products Continue to Lead Growth
Cordless electric tools significantly outperformed the market between 2009 and 2019 as battery technology improved. This trend is expected to continue through 2024, with cordless products accounting for 51% of professional power tool sales growth.
While products like cordless drills have been common for some time, the existence of many other types of professional-grade corded tools – particularly sanders, polishers, and grinders – is a relatively new phenomenon. As a result, significant potential for market share gains remains. Factors driving greater adoption of cordless electric tools include:
- greater power
- longer run times
- faster and more convenient battery charging
- the deployment of product lines built around a single battery architecture
Industrializing Nations to Post Above Average Gains
The COVID-19 pandemic significantly reduced growth outlooks for building construction and manufacturing in mature power tools markets. In the US and West European nations, growth in sales volumes will be limited, and demand gains will be largely attributable to pricing growth as users increasingly invest in advanced cordless products.
Stronger growth will occur in the Asia/Pacific region, with India and China representing the world’s two fastest growing national markets for professional power tools. In addition, industrializing Southeast Asian nations like Indonesia and Vietnam are expected to post rapid gains. Growth in these areas will be driven by relatively strong advances in building construction and manufacturing activity.
Construction Market Fuels Volatility
The construction market is the largest outlet for professional power tools by far; in 2019, it accounted for 61% of sales. As the construction industry tends to be highly volatile, aggregate power tool demand can fluctuate significantly from year to year. However, this is offset to an extent by the motor vehicle aftermarket, as the demand for power tools in automotive maintenance applications is relatively stable.
Add This Study To Your Cart.
Register, Checkout and
Verify Payment.
Your Report Is Available.
Table of Contents
1. Executive Summary
2. About This Report
Report Details
Study Scope & Product Description
Impact of COVID-19 Pandemic
3. Overview
Historical Market Trends
Demand by Region
Demand by Power Source
Impact of Workplace Safety Issues
Leading Producers
4. Markets
Demand by Market
Construction
Motor Vehicle Aftermarket
Industrial & Other Professional Markets
5. North America
North America: Professional Power Tool Market Size
North America: Demand by Country & Product
United States
Canada
Mexico
6. Central & South America
Central & South America: Professional Power Tool Market Size
Central & South America: Demand by Country & Product
Brazil
Other Central & South America
7. Western Europe
Western Europe: Professional Power Tool Market Size
Western Europe: Demand by Country & Product
Germany
France
United Kingdom
Italy
Spain
Netherlands
Sweden
Other Western Europe
8. Eastern Europe
Eastern Europe: Professional Power Tool Market Size
Eastern Europe: Demand by Country & Product
Russia
Poland
Other Eastern Europe
9. Asia/Pacific
Asia/Pacific: Professional Power Tool Market Size
Asia/Pacific: Demand by Country & Product
China
Japan
South Korea
Australia
India
Other Asia/Pacific
10. Africa/Mideast
Africa/Mideast: Professional Power Tool Market Size
Africa/Mideast: Demand by Country & Product
Turkey
Other Africa/Mideast
11. Appendix
Scope
Definitions
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Country Lists by Region
Macroeconomic Assumptions
Global Economic Outlook
Global Population
Global Building Construction Outlook
Global Manufacturing Outlook
Global Motor Vehicle Production Outlook
List of Tables
2. About This Report
Table 2-1 | Annual Global Professional Power Tool Demand by Market, 2019 - 2021 (million dollars)
3. Overview
Table 3-1 | Global Professional Power Tool Demand, 2009 - 2019 (million dollars)
Table 3-2 | Global Professional Power Tool Demand by Region, 2009 - 2024 (million dollars)
Table 3-3 | Global Professional Power Tool Demand by Power Source, 2009 - 2024 (million dollars)
4. Markets
Table 4-1 | Global Professional Power Tool Demand by Market, 2009 - 2024 (million dollars)
Table 4-2 | Global Professional Construction Power Tool Demand by Region, 2009 - 2024 (million dollars)
Table 4-3 | Global Professional Motor Vehicle Aftermarket Power Tool Demand by Region, 2009 - 2024 (million dollars)
Table 4-4 | Global Industrial & Other Professional Power Tool Demand by Region, 2009 - 2024 (million dollars)
5. North America
Table 5-1 | North America: Professional Power Tool Demand by Country & Product, 2009 - 2024 (million dollars)
Table 5-2 | United States: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 5-3 | Canada: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million US dollars)
Table 5-4 | Mexico: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
6. Central & South America
Table 6-1 | Central & South America: Professional Power Tool Demand by Country & Product, 2009 - 2024 (million dollars)
Table 6-2 | Brazil: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 6-3 | Other Central & South America: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
7. Western Europe
Table 7-1 | Western Europe: Professional Power Tool Demand by Country & Product, 2009 - 2024 (million dollars)
Table 7-2 | Germany: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 7-3 | France: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 7-4 | United Kingdom: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 7-5 | Italy: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 7-6 | Spain: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 7-7 | Netherlands: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 7-8 | Sweden: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 7-9 | Other Western Europe: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
8. Eastern Europe
Table 8-1 | Eastern Europe: Professional Power Tool Demand by Country & Product, 2009 - 2024 (million dollars)
Table 8-2 | Russia: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 8-3 | Poland: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 8-4 | Other Eastern Europe: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
9. Asia/Pacific
Table 9-1 | Asia/Pacific: Professional Power Tool Demand by Country & Product, 2009 - 2024 (million dollars)
Table 9-2 | China: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 9-3 | Japan: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 9-4 | South Korea: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 9-5 | Australia: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million US dollars)
Table 9-6 | India: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 9-7 | Other Asia/Pacific: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
10. Africa/Mideast
Table 10-1 | Africa/Mideast: Professional Power Tool Demand by Country & Product, 2009 - 2024 (million dollars)
Table 10-2 | Turkey: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
Table 10-3 | Other Africa/Mideast: Professional Power Tool Demand by Product, Application, & Power Source, 2009 - 2024 (million dollars)
11. Appendix
Table 11-1 | Relevant NAICS & SIC Codes
Table 11-2 | Relevant HS Codes
Table 11-3 | Relevant NACE Codes
Table 11-4 | Countries in North America
Table 11-5 | Countries in Central & South America
Table 11-6 | Countries in Western Europe
Table 11-7 | Countries in Eastern Europe
Table 11-8 | Countries in the Asia/Pacific Region
Table 11-9 | Countries in the Africa/Mideast Region
Table 11-10 | Global Gross Domestic Product by Region & Country, 2009 - 2024 (billion 2018 dollars)
Table 11-11 | Global Population by Region & Country, 2009 - 2024 (million persons)
Table 11-12 | Global Building Construction Expenditures by Region & Country, 2009 - 2024 (million 2018 dollars)
Table 11-13 | Global Manufacturing Value Added by Region & Country, 2009 - 2024 (billion 2018 dollars)
Table 11-14 | Global Motor Vehicle Production by Region & Country, 2009 - 2024 (thousand units)
List of Figures
1. Executive Summary
Figure 1-1 | Professional Power Tool Global Market Outlook
2. About This Report
Figure 2-1 | Global Professional Power Tool Demand, 2009 - 2024 (million dollars)
3. Overview
Figure 3-1 | Global Professional Power Tool Demand, 2005 - 2019 (million dollars)
Figure 3-2 | Global Professional Power Tool Demand by Region, 2009 - 2024 (million dollars)
Figure 3-3 | Global Professional Power Tool Demand by Power Source, 2009 - 2024 (million dollars)
4. Markets
Figure 4-1 | Global Professional Power Tool Demand by Application, 2009 - 2024 (million dollars)
5. North America
Figure 5-1 | North America: Professional Power Tool Market Key Indicators, 2019
Figure 5-2 | North America: Professional Power Tool Demand, 2009 - 2019 (million dollars)
Figure 5-3 | North America: Professional Power Tool Demand by Country, 2009 - 2024 (million dollars)
Figure 5-4 | United States: Professional Power Tool Market Key Indicators, 2019
Figure 5-5 | Canada: Professional Power Tool Market Key Indicators, 2019
Figure 5-6 | Mexico: Professional Power Tool Market Key Indicators, 2019
6. Central & South America
Figure 6-1 | Central & South America: Professional Power Tool Market Key Indicators, 2019
Figure 6-2 | Central & South America: Professional Power Tool Demand, 2009 - 2019 (million dollars)
Figure 6-3 | Central & South America: Professional Power Tool Demand by Country, 2009 - 2024 (million dollars)
Figure 6-4 | Brazil: Professional Power Tool Market Key Indicators, 2019
Figure 6-5 | Other Central & South America: Professional Power Tool Market Key Indicators, 2019
7. Western Europe
Figure 7-1 | Western Europe: Professional Power Tool Market Key Indicators, 2019
Figure 7-2 | Western Europe: Professional Power Tool Demand, 2009 - 2019 (million dollars)
Figure 7-3 | Western Europe: Professional Power Tool Demand by Country, 2009 - 2024 (million dollars)
Figure 7-4 | Germany: Professional Power Tool Market Key Indicators, 2019
Figure 7-5 | France: Professional Power Tool Market Key Indicators, 2019
Figure 7-6 | United Kingdom: Professional Power Tool Market Key Indicators, 2019
Figure 7-7 | Italy: Professional Power Tool Markets Key Indicators, 2019
Figure 7-8 | Spain: Professional Power Tool Market Key Indicators, 2019
Figure 7-9 | Netherlands: Professional Power Tool Market Key Indicators, 2019
Figure 7-10 | Sweden: Professional Power Tool Market Key Indicators, 2019
Figure 7-11 | Other Western Europe: Professional Power Tool Market Key Indicators, 2019
8. Eastern Europe
Figure 8-1 | Eastern Europe: Professional Power Tool Market Key Indicators, 2019
Figure 8-2 | Eastern Europe: Professional Power Tool Demand, 2009 - 2019 (million dollars)
Figure 8-3 | Eastern Europe: Professional Power Tool Demand by Country, 2009 - 2024 (million dollars)
Figure 8-4 | Russia: Professional Power Tool Market Key Indicators, 2019
Figure 8-5 | Poland: Professional Power Tool Market Key Indicators, 2019
Figure 8-6 | Other Eastern Europe: Professional Power Tool Market Key Indicators, 2019
9. Asia/Pacific
Figure 9-1 | Asia/Pacific: Professional Power Tool Market Key Indicators, 2019
Figure 9-2 | Asia/Pacific: Professional Power Tool Demand, 2009 - 2019 (million dollars)
Figure 9-3 | Asia/Pacific: Professional Power Tool Demand by Country, 2009 - 2024 (million dollars)
Figure 9-4 | China: Professional Power Tool Market Key Indicators, 2019
Figure 9-5 | Japan: Professional Power Tool Market Key Indicators, 2019
Figure 9-6 | South Korea: Professional Power Tool Market Key Indicators, 2019
Figure 9-7 | Australia: Professional Power Tool Market Key Indicators, 2019
Figure 9-8 | India: Professional Power Tool Market Key Indicators, 2019
Figure 9-9 | Other Asia/Pacific: Professional Power Tool Market Key Indicators, 2019
10. Africa/Mideast
Figure 10-1 | Africa/Mideast: Professional Power Tool Market Key Indicators, 2019
Figure 10-2 | Africa/Mideast: Professional Power Tool Demand, 2009 - 2019 (million dollars)
Figure 10-3 | Africa/Mideast: Professional Power Tool Demand by Country, 2009 - 2024 (million dollars)
Figure 10-4 | Turkey: Professional Power Tool Market Key Indicators, 2019
Figure 10-5 | Other Africa/Mideast: Professional Power Tool Market Key Indicators, 2019
11. Appendix
© by The Freedonia Group, a division of MarketResearch.com