Power Tools Market Summary

The global power tools market size was estimated at USD 32.95 billion in 2024 and is projected to reach USD 54.50 billion by 2030, growing at a CAGR of 9.4% from 2025 to 2030. The growth of the market is primarily driven by ongoing infrastructure development projects initiated by governments across the globe. As construction activities expand, the demand for power tools used in these operations is expected to rise significantly over the forecast period.

Such initiatives are expected to generate substantial investments in non-residential construction projects, further fueling the demand for power tools in the coming years. The U.S. market dominated and accounted for a market share of 86.4% in 2024. The demand for power tools in the U.S. has witnessed steady growth due to the expansion of the construction sector, increasing interest in DIY home improvement activities, and the wider adoption of power tools across industrial and manufacturing applications. The ongoing technological advancements and introduction of cordless and energy-efficient tools are also supporting the market expansion. Overall, the demand for power tools in the U.S. is anticipated to continue growing as both industrial users and consumers increasingly adopt modern and efficient equipment.

Key Market Trends & Insights

  • Asia Pacific held the largest market share of 35.6% in 2024. The region’s dominance is attributed to rapid urbanization, industrialization, and extensive government initiatives aimed at infrastructure and housing development. The growing manufacturing base and increasing adoption of advanced tools in countries such as China, India, and Japan further strengthen the market growth.
  • The U.S. power tools market is witnessing consistent expansion owing to the thriving aerospace, automotive, and construction industries, which heavily rely on advanced and precise tools for assembly, maintenance, and production activities.
  • In terms of product, the drills segment dominated the market in 2024 with a revenue share of 32.9% and is expected to maintain its leading position throughout the forecast period due to its wide range of applications in both professional and household tasks.
  • By application, the industrial segment held more than 62.1% of the revenue share in 2024, supported by extensive usage in manufacturing, fabrication, and repair operations across multiple industries.
  • By mode of operation, the electric mode of operation segment accounted for the largest revenue share of around 66.0% in 2024, primarily due to the rising adoption of battery-powered and cordless tools that offer enhanced flexibility and performance.

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Market Size & Forecast

  • 2024 Market Size: USD 32.95 Billion
  • 2030 Projected Market Size: USD 54.50 Billion
  • CAGR (2025-2030): 9.4%
  • Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Some key players operating in the market include Atlas Copco and Hitachi Koki Co., Ltd.

  • Atlas Copco AB manufactures power equipment, compressors, and industrial machines.
  • Koki Holdings Co., Ltd. manufactures and sells power tools. Major brands include HIKOKI, Metabo HPT, and Metabo.

Stanley Black & Decker & Hilti Corporation are some emerging market participants in the Power Tools market.  

  • Stanley Black & Decker offers hand and power tools with related accessories, fastening systems and products, services, and equipment for various industries such as oil & gas and infrastructure, security systems, and healthcare solutions.
  • Hilti Corporation is a technology company focused on product development and manufacturing, logistics, sales, and servicing of technological equipment.

Key Players

  • Makita Corporation
  • Robert Bosch Group
  • Stanley Black & Decker
  • Techtronic Industries Co., Ltd.
  • Emerson Electric Co.
  • Atlas Copco
  • Hilti Corporation
  • Ingersoll Rand, Inc.
  • Hitachi Koki Co., Ltd.
  • Apex Tool Group, LLC

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Conclusion

The global power tools market is set for strong expansion driven by rapid industrialization, urbanization, and continuous infrastructure development worldwide. The growing focus on advanced technologies, energy-efficient models, and the shift toward cordless solutions is further propelling market growth. Additionally, the increasing popularity of DIY activities, along with rising industrial applications, is boosting demand across both developed and emerging economies. With North America and Asia Pacific emerging as key regions, the market is expected to experience steady growth as manufacturers invest in innovation, automation, and ergonomic tool designs to cater to evolving consumer and industrial needs.