Global Electric Power Tools Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Corded and Cordless.

By Tool Type;

Drilling & Fastening Tools, Demolition Tools, Sawing & Cutting Tools, Material Removal Tools, and Routing Tools.

By Mode of Operation;

Electric, Pneumatic, and Hydraulic.

By End-user;

Construction, Automotive, Aerospace, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn693387894 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electric Power Tools Market (USD Million), 2021 - 2031

In the year 2024, the Global Electric Power Tools Market was valued at USD 34,437.17 million. The size of this market is expected to increase to USD 54,579.08 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.

The global electric power tools market is experiencing significant growth, driven by the increasing demand for efficient, high-performance tools across various industries, including construction, manufacturing, automotive, and home improvement. Electric power tools, which offer greater speed, precision, and ease of use compared to manual tools, are becoming essential for professionals and DIY enthusiasts alike. As urbanization accelerates and infrastructure projects expand worldwide, the demand for electric power tools is rising to meet the need for faster, more efficient construction and maintenance work. Additionally, the growing popularity of home improvement projects and renovations among consumers is further driving the market for electric power tools.

Technological advancements are playing a key role in the growth of the electric power tools market. The integration of features such as cordless operation, longer battery life, and more efficient motors has made electric power tools more convenient and versatile. Cordless power tools, powered by lithium-ion batteries, are particularly in demand, offering greater mobility and flexibility for users. Manufacturers are also focusing on innovations that improve tool ergonomics, reduce vibration, and enhance user safety. As a result, electric power tools are becoming more sophisticated, offering a wider range of functions that cater to specific tasks, from drilling and sanding to cutting and grinding.

Regionally, the Asia-Pacific region holds the largest market share, primarily due to the growing industrialization in countries like China, India, and Japan. These countries are major hubs for manufacturing and construction, driving significant demand for electric power tools. North America and Europe also represent significant markets, with strong demand for power tools in construction, automotive repair, and home improvement sectors. The increasing focus on energy efficiency and sustainability is also encouraging the development of more eco-friendly electric power tools, creating new opportunities in the market. As innovation continues and new applications emerge, the global electric power tools market is poised for sustained growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Tool Type
    3. Market Snapshot, By Mode of Operation
    4. Market Snapshot, By End-user
    5. Market Snapshot, By Region
    6. Global Electric Power Tools Market Dynamics
      1. Drivers, Restraints and Opportunities
        1. Drivers
          1. Increasing Demand for Efficient and High-Performance Tools Across Industries
          2. Growth in Construction, Manufacturing, and Home Improvement Sectors
          3. Technological Advancements in Battery Life, Ergonomics, and Tool Efficiency
          4. Rising Popularity of DIY Projects and Home Renovations
          5. Growing Urbanization and Infrastructure Development Worldwide
        2. Restraints
          1. High Initial Cost of Advanced Electric Power Tools
          2. Limited Battery Life and Charging Time for Cordless Tools
          3. Safety Concerns and Risks of Accidents During Tool Operation
          4. Environmental Impact of Lithium-Ion Batteries and Disposal Challenges
          5. Availability of Cheap, Low-Quality Alternatives in Emerging Markets

        3. Opportunities
          1. Expansion of E-commerce Platforms and Online Sales Channels
          2. Increasing Adoption of Cordless and Rechargeable Power Tools
          3. Technological Innovations for Enhanced Energy Efficiency and Sustainability
          4. Rising Demand for Compact, Lightweight, and User-Friendly Tools
      2. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      3. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Competitive Rivalry
  4. Market Segmentation
    1. Global Electric Power Tools Market, By Product Type, 2021 - 2031 (USD Million)
      1. Corded
      2. Cordless
    2. Global Electric Power Tools Market, By Tool Type, 2021 - 2031 (USD Million)
      1. Drilling & Fastening Tools

      2. Demolition Tools

      3. Sawing & Cutting Tools

      4. Material Removal Tools

      5. Routing Tools

    3. Global Electric Power Tools Market, By Mode of Operation, 2021 - 2031 (USD Million)
      1. Electric
      2. Pneumatic
      3. Hydraulic
    4. Global Electric Power Tools Market, By End-user, 2021 - 2031 (USD Million)
      1. Construction
      2. Automotive
      3. Aerospace
      4. Others
    5. Global Electric Power Tools Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  5. Competitive Landscape
    1. Company Profiles
      1. Apex Tool Group
      2. Atlas Copco AB
      3. Hilti Corporation
      4. Ingersoll Rand Inc
      5. Koki Holding Co Ltd.
      6. Makita Corporation
      7. Robert Bosch GmbH
      8. Stanley Black & Decker Inc.
      9. Snap-on Incorporated
      10. Techtronic Industries Co Ltd
  6. Analyst Views
  7. Future Outlook of the Market