World - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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Power tool market: get access to the latest statistics secured by an Ai-driven business intelligence tool. Facts and figures contain trade, imports, consumption, exports, market size, market prices, companies, and production. There is a breakdown by region, including Russia, the Middle East, China, the U.K., Africa, the U.S., Latin America, and EU. Market dynamics and forecast to 2030 are also provided in the reports.
Power Tool - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | Japan |
| 3 | China |
| 4 | Russia |
| 5 | Germany |
In value terms, the largest power tool markets worldwide were the United States, Japan and China, together comprising 48% of the global market. These countries were followed by Russia, Germany, France, the UK, Canada, Mexico, Australia, Thailand, Italy and Brazil, which together accounted for a further 28%.
Russia saw the highest growth rate of market size, in terms of the main consuming countries over the period under review, while power tool market for the other global leaders experienced more modest paces of growth.
Power Tool Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| China | 30 | 30 | 30 | -0.2% |
| Malaysia | 37 | 39 | 36 | -0.5% |
| Netherlands | 38 | 39 | 39 | 0.7% |
| Mexico | 45 | 45 | 45 | -0.1% |
| Hungary | 54 | 50 | 50 | -3.9% |
| Belgium | 79 | 80 | 77 | -1.2% |
| Germany | 86 | 80 | 79 | -4.3% |
| Average | 42 | 42 | 42 | -0.2% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($79 per unit), while China ($30 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| Australia | 53 | 53 | 65 | 11.0% |
| United States | 49 | 54 | 54 | 5.7% |
| Germany | 54 | 55 | 53 | -0.7% |
| United Kingdom | 51 | 47 | 51 | -0.3% |
| Belgium | 68 | 58 | 49 | -14.9% |
| France | 59 | 52 | 48 | -9.9% |
| Canada | 66 | 72 | 46 | -16.2% |
| Poland | 42 | 42 | 46 | 4.1% |
| Netherlands | 43 | 42 | 42 | -0.8% |
| Spain | 37 | 37 | 37 | 0.7% |
| Russia | 33 | 29 | 30 | -5.7% |
| Mexico | 35 | 31 | 29 | -9.5% |
| Brazil | 23 | 23 | 21 | -4.9% |
| Average | 47 | 47 | 48 | 0.8% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Australia ($65 per unit), while Brazil ($21 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the other global leaders experienced more modest paces of growth.
Power Tool - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 4.1 | 4.7 | 5.5 | 15.7% |
| Germany | 1.9 | 1.9 | 2.1 | 5.2% |
| France | 1 | 1 | 1 | -1.5% |
| United Kingdom | 0.8 | 0.6 | 0.8 | 2.7% |
| Canada | 0.6 | 0.6 | 0.7 | 6.9% |
In value terms, the United States ($5.5B) constitutes the largest market for imported power tools worldwide, comprising 29% of global imports. The second position in the ranking was occupied by Germany ($2.1B), with a 11% share of global imports. It was followed by France, with a 5.2% share.
From 2018 to 2020, the average annual growth rate of value in the United States stood at +15.7%. In the other countries, the average annual rates were as follows: Germany (+5.2% per year) and France (-1.5% per year).
Power Tool - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 8.4 | 8.7 | 9.4 | 5.5% |
| Germany | 2.4 | 2.3 | 2.4 | 0.3% |
| Mexico | 0.7 | 0.7 | 0.8 | 5.0% |
| Belgium | 0.5 | 0.5 | 0.5 | -0.9% |
| Hungary | 0.5 | 0.4 | 0.5 | -3.2% |
In value terms, China ($9.4B) remains the largest power tool supplier worldwide, comprising 50% of global exports. The second position in the ranking was occupied by Germany ($2.4B), with a 13% share of global exports. It was followed by Mexico, with a 4.1% share.
In China, power tool exports increased at an average annual rate of +5.5% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (+0.3% per year) and Mexico (+5.0% per year).
Power Tool - Market Forecast
Driven by increasing demand for power tool worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Power Tool - Top Companies
BSH Hausgeräte GmbH, The Black & Decker Corporation, Husqvarna AB, Snap-On Incorporated, MAKITA CORPORATION, DYSON EXCHANGE LIMITED, Mtd Holdings Inc., Mtd Products Inc, Husqvarna Consumer Outdoor Products N.A., Inc., Conair Corporation, BSH ELECTRODOMESTICOS ESPAÑA SA, LG ELEKTRONIKS RUS, OOO, GORENJE, d.d., Broan-Nutone Canada ULC, BSH SPRZET GOSPODARSTWA DOMOWEGO SP Z O O, Robert Bosch Tool Corporation, YAMABIKO CORPORATION, Venmar Ventilation ULC, Black & Decker (u.s.) Inc., The Kitchen Collection LLC
Power Tool - Product Coverage
- HS 846721 - Tools; for working in the hand, with self-contained electric motor; drills of all kinds
- HS 846722 - Tools; for working in the hand, with self-contained electric motor; saws
- HS 846729 - Tools; for working in the hand, with self-contained electric motor; other than saws and drills
This report provides an in-depth analysis of the global power tool market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241190 -
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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In 2016, the global imports of electro-mechanical tool totaled X tons, picking up by X% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relativel...
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In 2016, the global imports of electro-mechanical tool totaled X tons, picking up by X% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relativel...
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In 2015, the value of total imports on the global electro-mechanical tool market stood at X million USD. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical terms, the total volume of electro-mechanical too
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China dominates in the global electro-mechanical tool trade. In 2014, China exported X thousand tons of electro-mechanical tools totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X
