Here’s a quick executive summary of the linked report (Fortune Business Insights: Power Tools Market, Report ID: FBI101444):
Key figures
Global market size: USD 27.51B (2023) → USD 28.52B (2024) → USD 40.20B (2032) CAGR: 4.4% (2024–2032) Regional highlight: Asia Pacific led with 35.77% share in 2023 U.S. outlook: projected to reach USD 7.34B by 2032 What’s driving growth
Shift to cordless tools (higher convenience, torque-to-weight efficiency) Multi-purpose, energy‑efficient innovations from leading brands (Atlas Copco, Bosch, TTI, etc.) Broad industrial adoption: construction, automotive, aerospace, oil & gas; plus steady DIY demand Constraints/risks
High maintenance costs for moving parts Volatile raw material prices COVID-era supply chain/production disruptions (historical headwind noted) Segmentation (per report)
Mode of operation: Electric, Pneumatic, Others Tool type: Drilling & Fastening; Material Removal; Sawing & Cutting; Demolition; Others Application: DIY and Industrial Regions: North America, Europe, Asia Pacific, South America, Middle East & Africa (with country-level splits) Notable trend
Strong traction in cordless, compact, high‑torque tools and broader accessory ecosystems; emphasis on multi-functionality and user ergonomics. Implications
Vendors that accelerate cordless platforms and cross‑tool ecosystems should capture share. Price and distribution strategies in APAC are pivotal given current leadership. Cost management (materials, maintenance) and resilient supply chains remain competitive differentiators. Source: Fortune Business Insights, “Power Tools Market Size, Share & Industry Analysis … 2024–2032” ( https://www.fortunebusinessinsights.com/industry-reports/power-tools-market-101444 )
Would you like a competitor landscape (Bosch, TTI/Milwaukee, Stanley Black & Decker, Makita, Hilti, etc.), a region-by-region outlook, or a slide-ready chart pack?