The global power
tools market size is expected to grow from USD 39.5 billion in 2024 to USD
45.5 billion by 2029, at a CAGR of 2.9%. Power tools are mechanical devices
powered by electricity, batteries, and compressed air. These tools are designed
to perform specific tasks more efficiently and with less manual effort compared
to traditional hand tools. Power tools are commonly used in construction,
woodworking, metalworking, and other industrial applications. They include a
wide range of devices such as drills, saws, sanders, grinders, nail guns,
routers, and impact wrenches, among others.
Stanley Black &
Decker, Inc. (US), Robert Bosch GmbH (Germany), Techtronic Industries Co. Ltd.
(Hong Kong), Makita Corporation (Japan), Hilti Corporation, (Liechtenstein),
Andreas Stihl AG & Co. KG (STIHL) (Germany), Atlas Copco AB (Sweden), Apex
Tool Group, LLC (US), Ingersoll Rand (US), Snap-on Incorporated (US), among
others.
Stanley Black &
Decker, Inc.
Stanley Black &
Decker, Inc. is a leading global provider of hand tools, power equipment,
outdoor products, and accessories. It also provides engineered fastening
solutions and attachment tools tailored for infrastructure applications. The
company operates through two major business segments: Tools & Outdoor and
Industrial. The Tools & Outdoor segment includes the Power Tools Group
(PTG), Hand Tools, Accessories & Storage (HTAS), and Outdoor Power
Equipment (Outdoor) businesses. The PTG business encompasses both professional
and consumer product lines. Professional offerings consist of high-grade corded
and cordless electric power tools and equipment, including drills, impact
wrenches, drivers, grinders, saws, routers, and sanders, alongside pneumatic
tools, and fasteners such as nail guns, nails, staplers, staples, and
concrete/masonry anchors.
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Robert Bosch GmbH
Robert Bosch GmbH is a
leading technology and engineering company. It operates through four business
segments: Mobility Solutions, Industrial Technology, Consumer Goods, Energy and
Building Technology. The company offers power tools through the Consumer Goods
division, which also provides an extensive range of products such as outdoor
power equipment, garden equipment, power-tool accessories, and measuring
technology for both professional and DIY users. The company offers various type
of power tools such as saws; drills, hammers drills & impact drivers;
grinders and metalworking; hammers (rotary & demolition); planers, and
others.
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