Asia Pacific Power Tools Market Size & Outlook, 2022-2030
Asia Pacific power tools market, 2018-2030 (US$M)
Related Markets
Asia Pacific power tools market highlights
- The Asia Pacific power tools market generated a revenue of USD 10,764.4 million in 2022.
- The market is expected to grow at a CAGR of 8.8% from 2023 to 2030.
- In terms of segment, drills was the largest revenue generating product in 2022.
- Drills is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 10,764.4 million |
| Market revenue in 2030 | USD 21,110.7 million |
| Growth rate | 8.8% (CAGR from 2022 to 2030) |
| Largest segment | Drills |
| Fastest growing segment | Drills |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drills, Saws, Wrenches, Grinders, Sanders |
| Key market players worldwide | Emerson Electric Co, Ingersoll Rand Inc, Hitachi Ltd, Makita Corp, Robert Bosch Engineering & Business Solutions, Stanley Black & Decker, Techtronic Industries Co Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.6% of the global power tools market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 21,110.7 million by 2030.
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Power Tools Market Scope
Power Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific power tools market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to power tools market will help companies and investors design strategic landscapes.
Drills was the largest segment with a revenue share of 31.37% in 2022. Horizon Databook has segmented the Asia Pacific power tools market based on drills, saws, wrenches, grinders, sanders covering the revenue growth of each sub-segment from 2018 to 2030.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific power tools market databook
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Our clientele includes a mix of power tools market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific power tools market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific power tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific power tools market size, by country, 2018-2030 (US$M)
Asia Pacific Power Tools Market Outlook Share, 2022 & 2030 (US$M)
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