Electric Power Tools Market Demand and Analysis 2034
Global Electric Power Tools Market Size - By Type, By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: SEMI2567 | Pages: 1 - 269 | Formats*: |
| Category : Semiconductor and Electronics | |||
Global Electric Power Tools Market Introduction and Overview
According to SPER Market Research, the Global Electric Power Tools Market is estimated to reach USD 78.17 billion by 2034 with a CAGR of 4.73%.
The report includes an in-depth analysis of the Global Electric Power Tools Market, including market size and trends, product mix, Applications, and supplier analysis. The Global Electric Power Tools Market was valued at USD 49.24 billion in 2024 and is estimated to grow at a CAGR 4.73% from 2025 to 2034. Growing demand in the manufacturing, DIY, automotive, and construction industries is propelling the global market for electric power tools. These electrically driven tools are vital for both personal and professional use because they provide increased efficiency, accuracy, and convenience. Performance and user experience are being revolutionized by developments in ergonomic designs, smart tool integration, and battery technology. However, the primary barriers to widespread adoption across all user segments are the high upfront expenditures of sophisticated technologies and safety issues associated with inappropriate usage.
By Type Insights
The market for electric power tools is divided into corded and cordless tools based on product type. The corded segment accounted for a sizable portion of the market in 2024. Because of their reliable power source and increased output, corded electric power tools are used in manufacturing, construction, and industrial settings. This makes them perfect for demanding tasks like drilling, cutting, and grinding. These tools are prized for their ability to execute tasks that demand maximal torque and continuous operation. In the meantime, cordless tools are becoming more and more well-liked due to their portability and ease of use, particularly in isolated, outdoor, or cramped spaces without convenient access to power outlets.
By Application Insights
The market for electric power tools is divided into industrial, do-it-yourself, and other segments based on application. The industrial segment became the largest source of market revenue in 2024. Power tools are essential for increased productivity and accuracy in a variety of industrial applications, such as logistics, construction, automotive, and aerospace. Industrial applications now outnumber residential ones due to technological advancements and the addition of sophisticated features. The usage of power tools in industries is also fueled by the rising demands for automation, safety, and productivity. Growing industries like manufacturing and aerospace continue to increase demand in the industrial category as the world economy develops.
Regional Insights
The market for electric power tools was dominated by North America in 2024 due to the region's expanding infrastructure and industrial development. The demand is still growing as a result of more construction projects and improvements in manufacturing technology. Over the course of the projected period, this region is anticipated to expand at the fastest rate. Europe is also expected to grow steadily, with nations like Germany and the United Kingdom dominating the regional market because of their robust industrial bases and sustained demand for cutting-edge power tools.
Market Competitive Landscape
Leading players in the electric power tools market focus on innovation, cordless technology, and ergonomic design. Companies are expanding globally through new product launches, strategic partnerships, mergers, and investments to meet rising demand across industrial and DIY segments. Some of the key market players are Atlas Copco AB, DeWalt, Emerson Electric Co, Fein Power Tools Inc, Festool Group, Hilti Corporation, Hitachi Koki Co., Ltd, Makita Corporation, Milwaukee Electric Tool Corporation, Panasonic Corporation.
Recent Developments:
In February 2024, In Canada, Green Work Tools had two state-of-the-art plants in Ontario and Nevada. These top-notch structures include an office, warehouse, and creative studio, allowing the business to improve customer service, expedite shipping on the West Coast, and fortify its operations.
In January 2024, The Mean Green Fury 32, introduced by EcoTeq, can run continuously for up to seven hours on a single charge. With its 32-inch cutting width twin blades, this mower is a desirable standup choice for lawn care experts.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Product, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Atlas Copco AB, DeWalt, Emerson Electric Co, Fein Power Tools Inc, Festool Group, Hilti Corporation, Hitachi Koki Co., Ltd, Makita Corporation, Milwaukee Electric Tool Corporation, Panasonic Corporation. |
Key Topics Covered in the Report
- Global Electric Power Tools Market Size (FY’2021-FY’2034)
- Overview of Global Electric Power Tools Market
- Segmentation of Global Electric Power Tools Market By Type (Corded, Cordless)
- Segmentation of Global Electric Power Tools Market By Product (Drills and Fastening Tools, Hammers, Saws, Lawn Mowers, Vacuum cleaners, Others)
- Segmentation of Global Electric Power Tools Market By Application (Industrial, DIY, Others)
- Statistical Snap of Global Electric Power Tools Market
- Expansion Analysis of Global Electric Power Tools Market
- Problems and Obstacles in Global Electric Power Tools Market
- Competitive Landscape in the Global Electric Power Tools Market
- Details on Current Investment in Global Electric Power Tools Market
- Competitive Analysis of Global Electric Power Tools Market
- Prominent Players in the Global Electric Power Tools Market
- SWOT Analysis of Global Electric Power Tools Market
- Global Electric Power Tools Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Electric Power Tools Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Power Tools Market
7.Global Electric Power Tools Market, By Type (USD Million) 2021-2034
7.1.Corded7.2.Cordless
8.Global Electric Power Tools Market, By Product (USD Million) 2021-2034
8.1.Drills and Fastening Tools8.2.Hammers8.3.Saws8.4.Lawn Mowers8.5.Vacuum cleaners8.6.Others
9.Global Electric Power Tools Market, By Application (USD Million) 2021-2034
9.1.Industrial9.2.DIY9.3.Others
10.Global Electric Power Tools Market (USD Million) 2021-2034
10.1.Global Electric Power Tools Market Size and Market Share
11.Global Electric Power Tools Market, By Region, (USD Million) 2021-2034
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.Atlas Copco AB
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.DeWalt
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Emerson Electric Co
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Fein Power Tools Inc
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.Festool Group
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Hilti Corporation
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.Hitachi Koki Co., Ltd
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.Makita Corporation
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Milwaukee Electric Tool Corporation
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.Panasonic Corporation
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Electric Power Tools Market is projected to reach USD 78.17 billion by 2034, growing at a CAGR of 4.73% during the forecast period.
Electric Power Tools Market size from 2025. The Market is expected to reach USD 78.17 billion by 2034, at a CAGR of 4.73% during the forecast period.
Electric Power Tools Market CAGR of 4.73% during the forecast period.
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Electric Power Tools Market size is USD 78.17 billion from 2025 to 2034.
Electric Power Tools Market covered By Type, By Product, By Application
The North America is anticipated to have the highest Market share in the Electric Power Tools Market.
Atlas Copco AB, DeWalt, Emerson Electric Co, Fein Power Tools Inc, Festool Group, Hilti Corporation, Hitachi Koki Co., Ltd, Makita Corporation, Milwaukee Electric Tool Corporation, Panasonic Corporation.
The report includes an in-depth analysis of the Global Electric Power Tools Market, including market size and trends, product mix, Applications, and supplier analysis.
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