Latest Market Research Report 2025

  Power Tools Market Growth & Trends According to a recent report by Grand View Research, Inc., the global  power tools market  is projected to reach a market size of USD 54.50 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.4% from 2025 to 2030. The market's growth trajectory is strongly influenced by rising demand for compact, versatile, and mobile tools in both industrial and residential applications. Power tools play a pivotal role in enhancing productivity and minimizing manual labor, particularly in heavy-duty tasks, making them a preferred solution across various end-use sectors. One of the primary drivers of market expansion is the increased adoption of power tools for residential use. Globally, the Do-it-Yourself (DIY) trend continues to gain momentum, with consumers becoming more inclined toward performing home repairs, maintenance, and improvement projects on their own. This shift is partly fueled by the limited availability of househo...

  The global  power tools market  size is anticipated to reach USD 54.39 billion by 2030, expanding at a CAGR of 7.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Demand for compact, flexible, and mobile tools is increasing in the industrial as well as residential applications. Power instruments play a crucial role in reducing manual efforts, especially in heavy duty applications; this is projected to have a positive impact on the market.   Increasing use of the instruments in residential applications is projected to escalate the market towards growth trajectories. The surge in popularity of the Do-it-Yourself (DIY) technique is observed as a trend globally. Moreover, the unavailability of household workers has forced people to take up DIY jobs for household repair and maintenance. House repair, gardening, etc. is easier with the help of user-friendly and ergonomic tools which has led to increased demand for these products. Rising disposa...

  Power Tools  Industry Overview The global power tools market size was estimated at USD 31.08 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. As governments across the globe are undertaking infrastructure development projects, the demand for power tools used in construction activities is anticipated to grow in the coming years. Such initiatives are expected to lead to aggressive investments in non-residential construction projects, and subsequently drive the demand for power tools over the forecast period. The outbreak of the COVID-19 pandemic took a severe toll on economies across the globe, slowing down consumer spending and disrupting supply chains. The shutdown of production and manufacturing facilities in the first quarter of 2020 led to a shortage of products and resulted in declined revenues for companies operating in the market. The U.S. power tools market dominated the market and accounted for a mar...

  Power Tools   Industry Overview The global power tools market size was estimated at USD 31.08 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. As governments across the globe are undertaking infrastructure development projects, the demand for power tools used in construction activities is anticipated to grow in the coming years. Such initiatives are expected to lead to aggressive investments in non-residential construction projects, and subsequently drive the demand for power tools over the forecast period. The outbreak of the COVID-19 pandemic took a severe toll on economies across the globe, slowing down consumer spending and disrupting supply chains. The shutdown of production and manufacturing facilities in the first quarter of 2020 led to a shortage of products and resulted in declined revenues for companies operating in the market. Gather more insights about the market drivers, restrains and growth of ...