市场调查报告书
商品编码
1543606
电动工具市场评估:依工具类型、应用、携带性、最终用户、销售管道和地区划分的机会和预测(2017-2031)Power Tools Market Assessment, By Tool Type, By Application, By Portability, By End-user, By Sales Channel, By Region, Opportunities and Forecast, 2017-2031F |
全球电动工具市场规模预计将从2023年的410.2亿美元成长到2031年的584.2亿美元,预测期内年复合成长率为 4.52%。
新的无线技术以及这些工具的高移动性和安全性将对市场成长产生重大影响。无线电动工具提供自由和多功能性。电池技术的发展使这些工具更强大、更耐用、更易于处理各种任务。向无线工具的过渡是对最终用户日益成长的需求的回应,也是工具设计中提高效率和适应性的大趋势的一部分。此外,无刷马达技术提高製造和生产的效率和可操作性。
人们的环保意识越来越强,永续性在製造商推广其产品的方式中发挥着重要作用。未来十年,主要製造商将减少其化石燃料型号。除了为客户选择节能电源选项外,提高生产力并消除整个生产过程中的浪费也很重要。最终产品可能是具有更环保应用和设计的电动工具。此类创新将使新公司凭藉电动工具产品线进入市场。电动工具市场的世界领导者投资新技术。
智慧电动工具和在地化设计的出现将推动市场成长
智慧电动工具影响库存管理和维护。这些技术可以透过通知使用者维护需求和监控工具使用情况来帮助防止停机并提高生产力。企业可以受益于生产力的提高和工具利用率的可见性,制定更智慧的部署和采购计划。人工智慧将电动工具变成极其灵活的小工具,可以根据喜好进行定制,并提供见解以改善工作流程。智慧工具的进步表明,这些设备具有学习、提高生产力和开闢新的艺术表达途径的潜力。公司也致力于产品线在地化并推出与该地区更相关的产品。
本报告调查了全球电动工具市场,提供了市场定义和概述、市场规模趋势和预测、各个细分和地区的详细分析、行业结构以及影响市场成长的因素分析、案例研究、竞争格局、主要公司的简介等。
Global power tools market is projected to witness a CAGR of 4.52% during the forecast period 2024-2031, growing from USD 41.02 billion in 2023 to USD 58.42 billion in 2031. The evolving power tool proposition helps the global power tools market. New cordless technology, along with higher mobility and safety in these machines, are likely to transform market growth. There's no denying the freedom and versatility that cordless power tools provide. These tools are becoming more powerful and long-lasting due to developments in battery technology and easy handling with a wide range of jobs. The transition to cordless tools is a response to end-user's growing desire for portable equipment that matches their operability, which is a part of a larger trend in tool design toward efficiency and adaptability. Furthermore, brushless motor technology is increasing the efficiency and operability of overall manufacturing and production.
People have become more environmentally conscious, wherein sustainability plays a significant role in how producers promote their goods. For the next ten years, fossil fuel models, including power tools are being rejected by major players. In addition to choosing energy-efficient power options for clients, increasing productivity and eliminating waste throughout the production process will be crucial. Power tools with greener applications and designs are going to be the end product. These innovations lead new companies into the market with their power tool product line. Global leaders in the power tool market are investing in new technologies.
For instance, in April 2024, Matebo HPT and Matebo (Matebo AG) launched 10 tools and accessories including 18V multivolt 18-Ga compact brad nailer kit, 18V MultiVolt 18-Ga 1-1/2" Narrow crown stapler kit (1x2.0Ah), and 18V multiVolt cordless brushless 1/2" hammer drill. The Metabo HPT MultiVolt System, which now includes all of the cordless equipment, is a growing collection of 18 and 36-volt power tools.
Advent of Smart Power Tools and Localized Designs to Fuel Market Growth
Smart power tools have consequences for inventory control and maintenance. These technologies can aid in preventing downtime and streamlining productivity by informing users of maintenance requirements and monitoring tool usage. Businesses can benefit from increased productivity and a greater grasp of tool utilization, which can result in more intelligent deployment and purchase plans. Artificial Intelligence (AI) is converting power tools into incredibly flexible gadgets that can adjust to user preferences and offer insights that can improve the workflow. This advancement toward intelligent tools portends a time when these devices will be able to learn, enhancing productivity and possibly opening new avenues for artistic expression. Companies focus on localizing their product line and introducing products that are more relevant to the region.
In January 2023, Robert Bosch GmbH's India division launched a new powerful, compact, and made-in-India GWS 800 professional. In addition to being a Made in India device, the GWS 800 Professional was specifically built with the average Indian user's palm size in mind. This was done to cater to the Indian market. Additionally, the newest angle grinder's small weight of 1.6 kg guarantees that users' arms will have less arm strain even when using its overhead.
Cordless Equipment and IoT Integration to Fuel Market Growth
Improved battery technology with higher efficiency and backup are fueling the adoption of cordless power tools. Nothing is more important than the shift from traditional power sources to modern day lithium-ion batteries. These are lighter in weight, have a higher energy density and last longer compared to the earlier versions such as nickel cadmium (NiCd) or nickel-metal hydride (NiMH) batteries. The move has increased mobility and use of cordless gadgets, making them more interesting for experts and amateurs in various professions. There is an emerging trend of putting internet connectivity into cordless tools based on the Internet of Things (IoT). This helps in increasing connectivity options and gives smart functions, hence enabling better control and monitoring of the performance of tools by their owners. Companies are devoting their attention to research and development by including these technologies to stimulate a more robust expansion of market segments.
For instance, in October 2023, Stanley Black & Decker, Inc.'s DeWalt launched blind rivet cordless tools. These brands involve two new cordless, brushless rivet tools for fastening aluminum, steel, and stainless-steel blind rivets.
Increased DIY Activities and Urbanization to Fuel Portable Segment's Growth
Portable segments lead the global power tools market in 2023, and is projected to maintain its dominance in the forecast period, owing to increased need for portable power tools due to the growing trend of do-it-yourself projects amongst home-owners, driving demand toward making tools that are lightweight and easy to handle. Again, the availability of internet resources and tutorials has simplified DIY projects, hence promoting its growth. Emerging economies experience increased urbanization and infrastructure projects that generate provision for mobile power instruments. An expanding city coupled with a new structure means that it is necessary for a contractor or builder to have portable equipment which will result in efficiency and versatility needed in their work. Furthermore, portable equipment is further segmented into cordless and corded tools, innovating the overall market. However, major woodworking solutions equip stationary power tools with the use of cordless power tools.
For instance, in January 2024, Hilti Corporation introduced new cordless tools. The company launched new cordless tools on a 22V Nuron battery platform, adding it to its global innovative portfolio. For cutting wood, fiber board, drywall, and solid surfaces, including precise cut-outs and straight cuts, SC 6WP-22 Plunge Saw is designed for all operations.
Asia-Pacific Dominates the Global Power Tools Market Share
Asia-Pacific dominates the market due to rapid industrialization and rising disposable income. Asia-Pacific, especially countries such as China and India, are experiencing rapid industrialization and infrastructure development, which is driving demand for power tools in construction, manufacturing, and automotive sectors. Rising disposable incomes and expanding middle-class populations in the region are significant drivers of demand for power tools, particularly for residential and DIY purposes. Technological advancements such as smart power monitoring, tool ergonomics, and app-based live tracking have helped reduce operation time and ease of use, boosting market growth. Furthermore, major players such as Robert Bosch GmbH, Stanley Black & Decker, Inc., Techtronic Industries Co. Ltd., and Makita Corporation have a strong presence in the Asia-Pacific market, contributing to its overall growth. Companies in the region are starting their power tool venture as they record rapid growth of the market.
For instance, in April 2024, Software-as-a-Service (SaaS) firm, Zoho Corporation announced its entry into the manufacturing of tools with its new venture Karuvi. This business endeavor is a noteworthy addition to Zoho's broad portfolio.
Future Market Scenario (2024 - 2031F)
The advanced design focusing on enhanced gripping and effective operations are anticipated to fuel market growth.
The efficient and sustainable motor and battery technology is likely to transform the global power tool market.
New players entering the power tool market along with the higher investment in research and development activities are projected to propel market growth.
Increased DIY operations along with the advent of power tool kits are expected to garner market expansion.
Key Players Landscape and Outlook
Companies are focusing on developing innovative products that incorporate the latest technologies, such as smart features, enhanced battery life, and improved ergonomics. With the growing demand for cordless power tools, manufacturers are investing in the development of high-performance battery packs that extend the operational time of these tools, making them more appealing to professionals and DIY users. Key players are forming partnerships with technology firms and other manufacturers to enhance their product offerings.
For instance, in February 2024, Makita U.S.A. Inc. introduced the 5-inch Paddle Switch Angle Grinder with AC/DC Switch (9558HP) in February 2024. Employees in the plumbing, mechanical, and electrical fields and those who work in metal fabrication industries now have an option with this new product.
In October 2023, Hitachi Koki Co. Ltd. launched a cordless lighting range. HiKOKI range's lights have exceptional running times and are compatible with the company's 18V or MultiVolt batteries. A few models include hybrid power options, as they can be used either corded or cordless.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.