The Portable Power Tools Market is an ever-growing segment of the power tools industry. Portable power tools are designed for use in a variety of locations, from home workshops to construction sites and any other place that requires efficient and effective power tool operation. Portable power tool manufacturers have improved the performance, portability, and safety features on their products in recent years, making them increasingly popular among consumers.
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The market is anticipated to hold a market value of over US$ 86.6 Bn by 2018 end, which will possibly cross a value of over US$ 122 Bn by the end of 2026. According to the analysis presented in the report, the global portable tools market is expected to grow at a CAGR of 4.4% during the forecast period 2018-2026.
Manufacturers of portable power tools are investing in research and development aimed at improving the products’ longevity and user experience. This includes making them lighter weight, easier to carry around the job site or workshop, and integrating advanced technologies such as lithium-ion batteries into the design. Portable power tool manufacturers have also improved safety features like soft-start motors that reduce accidental start-up triggers. Additionally, many portable power tool manufacturers now offer accessories such as cases for storage solutions and blades that make their products even more versatile.
By End-Use
• Industrial
Manufacturing Industry
Construction Industry
• Commercial (Repair shops, etc.)
• Household & DIY
By Sales Channel
• Distributor Sales
• Retail Outlets
• Online Sales
By Region
• North America
• Latin America
• Europe
• South East Asia and Pacific
• Middle East and Africa
• China
• Japan
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A new research report by Persistence Market Research is based on the market analysis of the current and prospective growth conditions for various types of portable tools. The report is titled ‘Portable Power Tools Market Global Industry Analysis 2013-2017 and Forecast 2018-2026’ and highlights global as well as regional market scenario of portable tools.
Portable power tools come in a wide range of varieties such as drills, saws, screwdrivers, wrenches and more. Each type serves its own purpose and helps users perform tasks quickly and efficiently. The market for portable power tools also includes accessories such as batteries, cases, storage solutions, blades etc., which help make these tools more versatile.
Key Players-
• Akar Tools Ltd.
• Apex Tools Group
• Atlas Copco AB
• Channellock, Inc.
• Danaher Corporation
• Emerson Electric Co. (RIDGID)
• Fiskars Group
• General Tools & Instruments LLC
• Makita Corporation
• JK Files (India) Limited
• Kennametal Inc.
• Klein Tools
• Robert Bosch GmbH
• Q.E.P. Co., Inc.
• Snap-On Inc.
• Stanley Black & Decker, Inc.
• Techtronic Industries Company Limited
• Wera Tools
• 3M Co.
• DowDuPont Inc
• Honeywell International Inc.
• Ansell Limited
• Avon Rubber Plc.
• Msa Safety Inc.
• Lakeland Industries Inc.
• Uvex Safety Group
• Alpha Pro Tech, Ltd
• Rock Fall Ltd.
• Others.
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In terms of market size and trends, North America is currently the largest regional market for portable power tools with a projected compound annual growth rate of 5%. Europe follows closely behind in second place with an estimated CAGR of 4% over the same period. Asia Pacific is projected to see strong growth from 2021 until 2026 due to its increasing population size and rising demand for power tools in countries like India and China.
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