Electric Power Tools Market Share, Trends & Growth Graph By 2033

(MENAFN- Straits Research) Introduction

Electric power tools have a variety of uses in construction, manufacturing, and material modification. Electric power tools have transformed the working process by fostering operation and saving time. As a result of their versatile functionality, these tools are suitable for use in a variety of applications, including professional, residential, and commercial settings. Electric power tools are available in corded and cordless platforms with varying power capacities. Electric power tools were initially designed for small jobs; however, enhanced mechanisms and batteries have elevated their functionality and spread of use for large-scale projects. Furthermore, electric power tools can be used for a variety of tasks such as drilling, sawing, planning, cutting (metal, soft materials, wood, and other materials), grinding, compacting, and hammering.

Market Dynamics Increasing Adoption of Electric Power Tools in the Construction Industry Drives the Market

Electric power tools help with a variety of construction tasks, such as drilling, grinding, cutting, and sawing. Electric power tools used for heavy-duty construction tasks have become more productive as a result of recent technological advancements. Electric power tools' popularity in the construction industry is growing due to their ability to reduce manual labor by assisting in labor-intensive tasks. Furthermore, because of their portability, lightweight, and ability to complete tasks in less time, the diverse portfolio of electric power tools, which includes power drills, hammers, and sanders, increases reliance on these tools. The major manufacturers have created products that are specifically designed for specific construction tasks. Electric tool manufacturers have also included technologies such as anti-vibration and dust control systems in their products to reduce operational risks and make work easier. Such advancements are hastening the adoption of electric power tools in the construction industry, driving the global electric power tool market.

The widespread use of automation technologies has enabled tool productivity to be monitored from remote platforms such as computer software, mobile application platforms, and others. Inventory management options are included in the automation technologies to reduce the amount of time and money wasted on inefficient tool and tool operation management. The major tool manufacturers have already embraced these technologies to improve tool performance. For example, Stanley Black & Decker's DeWALT brand offers a Tool Connect Inventory management solution. It has a Wi-Fi connection between the mobile app and the power tool, and the data collected can be sent to an inventory management portal. It allows you to track materials, tools, and equipment across multiple job sites from a single location. Tool Connect technology keeps track of diagnostics for tools such as battery life, operating temperatures, and others in order to perform real-time diagnostics. These technologies may improve the functionality of electric power tools, allowing the market for these tools to grow over the forecast period.

Regional Analysis

North America region is the highest contributor to the market and is expected to grow at a CAGR of 7.61% during the forecast period. Because of the high adoption rates, the major manufacturers of electric power tools are primarily focused on the North American market. Many major corporations, including Stanley Black & Decker, Techtronic Industries Co., Ltd., and others, manufacture electric power tools in the United States. The majority of Stanley Black & Decker's tools are manufactured in various states across the United States. Furthermore, the German-based Robert Bosch GmbH intends to provide an extensive selection of electric power tools for non-professional use in North America through its consumer goods segment, which consists of power tools and home appliances. Furthermore, the extensive network of retailers and wholesalers makes electric power tools more accessible, boosting sales in this region. Online retail platforms also make it easier to sell electric power tools because customers can get them from the comfort of their own homes. As a result, the number of DIY users has increased, primarily in the United States and Canada.

Europe is expected to witness dynamic growth in the electric power tools market, with a CAGR of 8.35% during the forecast period. Electric power tools are primarily used in the construction and industrial sectors in Europe. Incorporating electric power tools into manufacturing and assembly processes saves time while increasing productivity. The region's major countries, such as Germany, the United Kingdom, France, and others, are important development centers for the automotive, aerospace, and defense industries, which increases demand for electric power tools in these countries. Electric power tool manufacturers are paying attention to Germany's rapid industrial expansion. The dominance of several brands in the German market increases the reliance on electric power tools for the production and assembly of automobiles, aerospace, and other similar products. This encourages power tool manufacturers to develop new products.

Asia-Pacific is expected to witness a significant CAGR of 10.25% in the electric power tools market during the forecast period. In terms of consumption and production, China dominates the global market for electric power tools. However, due to rapid technological development, developing countries such as India, Singapore, Hong Kong, Taiwan, and others have been identified as significant markets. The major players are attempting to establish manufacturing facilities in these markets to increase production and better serve the Asian construction, automobile, and consumer goods industries, among others. Furthermore, as Asian nations' lifestyles and per capita incomes improve, opportunities for the home improvement and do-it-yourself (DIY) market emerge, increasing demand for electric power tools for DIY applications.

The LAMEA region is expected to witness a moderate CAGR of 6.8% in the global electric power tools market during the forecast period. Emerging regions such as Latin America are concentrating their efforts on establishing new electric power tool manufacturing hubs. Electric power tool manufacturing establishments in South Africa have the highest growth potential. The Middle East region is likely to generate demand for professional electric power tools due to an increase in various construction activities. Major electric power tool manufacturers have established subsidiaries to improve sales and services in developing regions. Furthermore, demand from the energy industries, particularly oil and gas, may increase Middle Eastern adoption of electric power tools. Furthermore, advancements in battery technology and brushless D.C. motors have the potential to increase demand for electric power tools in manufacturing facilities located primarily in Latin America and Africa.

Key Highlights

• The global electric power tools market size was valued at USD 82.43 billion in 2024 . It is projected to reach from USD 86.92 billion in 2025 to USD 132.89 billion by 2033 , growing at a CAGR of 5.45% during the forecast period (2025-2033).

• Based on product type, the global electric power tools market is bifurcated into corded power tools and cordless power tools. The cordless power tools segment is the highest contributor to the market and is expected to grow at a CAGR of 8.74% during the forecast period.
• Based on the end user, the global electric power tools market is bifurcated into construction, automotive, aerospace, and others. The construction segment is the highest contributor to the market and is expected to grow at a CAGR of 9.3% during the forecast period
• North America region is the highest contributor to the market and is expected to grow at a CAGR of 7.61% during the forecast period

The global electric power tools market's major key players are Apex Tool Group, Hilti Corporation, Makita Corporation, LLC, Atlas Copco AB, C&E Fein GmbH, Robert Bosch GmbH, Stanley Black & Decker Inc., Ingersoll Rand Inc., Koki Holding, Co., Ltd.,., Snap-On Incorporated, and Techtronic Industries Co., Ltd

• In November 2022, Hilti Corporation and Trimble partnered for product integration to provide tool tracking and accurate job allocation effectively.
• In September 2022, Koki Holdings America Ltd merged two of its organizations, Metabo HPT and Metabo, in North America to expand further.

By Product Type

• Corded Power Tools
• Cordless Power Tools

• Construction
• Automotive
• Aerospace

• North America
• Europe
• Asia-Pacific
• LAMEA

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