Gitnux/Report 2026

Power Tools Industry Statistics

Cordless dominates: 58% of global power tools revenue came from battery-powered tools in 2022. See the stats behind who drives demand.
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July 23, 2026Updated
Power Tools Industry Statistics
Sophie MorelandWritten by Sophie Moreland·Edited by Nathan Caldwell·Fact-checked by Nicholas Chambers
Published ·Updated
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This page maps how the power tools industry is shifting across product choice, buyers, and regional markets. In 2022, cordless tools accounted for 58% of global revenue, while buyers increasingly value performance features like battery life. We also break down category shares—from drills to saws and grinders—and connect demand patterns to revenues and unit sales across key countries.

Key Takeaways

  • Stanley Black & Decker held 22% market share in global power tools in 2022.
  • Bosch commanded 18.5% of the cordless power tools market worldwide in 2023.
  • Makita Corporation's power tools revenue was USD 4.2 billion in FY2022.
  • 68% of power tools purchasers prefer cordless models in 2023 surveys.
  • 45% of US homeowners bought power tools for DIY projects in 2022.
  • Millennial consumers represent 35% of power tools buyers globally 2023.
  • The global power tools market size was valued at USD 34.2 billion in 2022 and is projected to reach USD 51.8 billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030.
  • Cordless power tools accounted for 58% of the global power tools market revenue in 2022.
  • The power tools market in North America generated USD 8.9 billion in revenue in 2023.
  • Drill segment accounted for 28% of global power tools market in 2022.
  • Saws category represented 22% revenue share in power tools 2023.
  • Grinders and cut-off tools 19% market share globally 2022.
  • Global power tools market in China reached USD 12.5 billion in 2022.
  • US power tools market size USD 10.3 billion in 2023.
  • Germany power tools sales EUR 2.8 billion in 2022.

Cordless demand is driving rapid global growth as key brands like Stanley Black and Decker and Bosch lead market share.

Related reading

01 · Category

Company Market Shares24 stats

01
Stanley Black & Decker held 22% market share in global power tools in 2022.
02
Bosch commanded 18.5% of the cordless power tools market worldwide in 2023.
03
Makita Corporation's power tools revenue was USD 4.2 billion in FY2022.
04
DeWalt (Stanley Black & Decker) had 15% share in North American power tools market 2023.
05
Techtronic Industries (TTI) reported 12% global power tool market share in 2022.
06
Hilti AG captured 8% of professional power tools segment in Europe 2023.
07
Milwaukee (TTI) held 14% share in cordless drills market US 2023.
08
Snap-on Incorporated's power tools division revenue USD 1.1 billion in 2022.
09
Festool (TTS Tooltechnic Systems) 5% share in woodworking power tools Europe 2022.
10
Ryobi (TTI) dominated DIY segment with 20% US market share 2023.
11
Kobalt (Lowe's private label) 7% share in retail power tools US 2022.
12
Black+Decker consumer segment 10% global market share 2023.
13
Metabo HPT (Hitachi) 6% share in angle grinders market 2022.
14
Porter-Cable (Stanley) 4% share in routers and sanders US 2023.
15
Worx (Positec) 9% share in garden power tools integrated segment 2022.
16
Craftsman (Stanley) regained 11% US market share post-relaunch 2023.
17
Einhell Germany AG 3.5% Europe power tools market share 2022.
18
Grizzly Industrial 2% share in stationary power tools US 2023.
19
Flex Ltd power tools OEM share 5% global 2022.
20
Chervon Holdings 4.8% share in cordless vacuum-integrated tools 2023.
21
Apex Tool Group (Danaher) 7% industrial power tools share 2022.
22
Ingersoll Rand 9% pneumatic power tools market share 2023.
23
Atlas Copco tools division 6.5% assembly tools share Europe 2022.
24
Husqvarna Group 11% outdoor power tools share global 2023.
Interpretation

Company Market Shares Interpretation

The company market share data shows a highly concentrated global landscape, with Stanley Black & Decker at 22% of global power tools in 2022 and TTI following at 12% in 2022, while regional leaders like DeWalt hold 15% in North America and Bosch leads cordless tools at 18.5% in 2023.

03 · Category

Market Size And Growth30 stats

01
The global power tools market size was valued at USD 34.2 billion in 2022 and is projected to reach USD 51.8 billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030.
02
Cordless power tools accounted for 58% of the global power tools market revenue in 2022.
03
The power tools market in North America generated USD 8.9 billion in revenue in 2023.
04
Global power tools market is expected to witness a volume growth of 4.8% annually from 2024 to 2028.
05
The residential end-use segment held 42% share of the power tools market in 2022.
06
Asia-Pacific power tools market is anticipated to grow at a CAGR of 6.1% from 2023 to 2030.
07
Industrial power tools segment revenue reached USD 14.7 billion globally in 2022.
08
The global electric power tools market was valued at USD 25.6 billion in 2021 and expected to grow to USD 38.4 billion by 2028.
09
Pneumatic power tools market size was USD 11.2 billion in 2022, projected to USD 15.9 billion by 2030.
10
DIY power tools segment is growing at 5.5% CAGR, driven by home improvement trends post-2020.
11
Global power tools accessories market valued at USD 7.8 billion in 2023.
12
Lithium-ion battery powered tools segment captured 65% market share in cordless tools in 2022.
13
The power tools market in Europe was worth EUR 9.5 billion in 2022.
14
Handheld power tools dominated with 72% revenue share in 2022 globally.
15
Global stationary power tools market size estimated at USD 4.3 billion in 2023.
16
Power tools market in construction sector valued at USD 12.1 billion in 2022.
17
The market for brushless power tools grew 12% YoY in 2023.
18
Global power tools e-commerce sales reached USD 6.2 billion in 2023.
19
Automotive power tools segment projected to grow at 4.9% CAGR to 2030.
20
Woodworking power tools market size was USD 5.6 billion in 2022.
21
Global power tools rental market valued at USD 3.4 billion in 2023.
22
Angle grinders segment held 18% share of power tools market in 2022.
23
Power tools market in Middle East & Africa expected to reach USD 2.1 billion by 2028.
24
Corded power tools revenue declined 2.3% in 2023 globally.
25
Global smart power tools market nascent but growing at 15% CAGR from 2023.
26
Power tools market for HVAC applications valued at USD 1.8 billion in 2022.
27
Latin America power tools market grew 7.2% in 2023.
28
Professional power tools segment 55% of total market revenue in 2022.
29
Global power tool kits market size USD 2.9 billion in 2023.
30
Impact wrenches segment market value USD 3.7 billion in 2022.
Interpretation

Market Size And Growth Interpretation

The market size and growth outlook shows strong momentum with the global power tools market rising from USD 34.2 billion in 2022 to an expected USD 51.8 billion by 2030, supported by steady volume growth of 4.8% annually from 2024 to 2028 and the growing dominance of cordless tools at 58% revenue in 2022.

More related reading

04 · Category

Product Segments26 stats

01
Drill segment accounted for 28% of global power tools market in 2022.
02
Saws category represented 22% revenue share in power tools 2023.
03
Grinders and cut-off tools 19% market share globally 2022.
04
Sanders 12% of power tools sales volume 2023.
05
Wrenches and ratchets 11% segment share 2022.
06
Fastening tools like nailers 9% global market 2023.
07
Routers and joiners 5% woodworking power tools 2022.
08
Demolition tools 7% construction segment 2023.
09
Heat guns and torches 3% niche segment 2022.
10
Multi-purpose tools 4.5% emerging share 2023.
11
Lawn and garden power tools 8% of total outdoor segment 2022.
12
Compressors integrated power tools 6% industrial 2023.
13
Lighting and laser tools 2% accessory-integrated 2022.
14
Battery packs as power tool component 15% value add 2023.
15
Blades and bits accessories 25% of power tools aftermarket 2022.
16
Dust extraction systems 10% bundled with tools 2023.
17
Smart sensors in power tools 1.5% but growing 20% 2022.
18
Pneumatic drills 14% of pneumatic segment 2023.
19
Hydraulic power tools 2% heavy-duty share 2022.
20
Concrete vibrators power tools variant 4% construction 2023.
21
Power staplers 3.2% fastening sub-segment 2022.
22
Tile cutters electric 5% flooring tools 2023.
23
Paint sprayers airless 6.8% painting segment 2022.
24
Wall chasers 2.5% electrical installation tools 2023.
25
Core drills 4.1% drilling sub-category 2022.
26
Biscuit cutters power 1.8% joinery 2023.
Interpretation

Product Segments Interpretation

In the product segments of the power tools market, drill tools lead with 28% in 2022 while the next major categories, saws at 22% in 2023 and grinders and cut off tools at 19% in 2022, show a clear concentration of demand in a few top segments rather than an even spread.

05 · Category

Regional Markets24 stats

01
Global power tools market in China reached USD 12.5 billion in 2022.
02
US power tools market size USD 10.3 billion in 2023.
03
Germany power tools sales EUR 2.8 billion in 2022.
04
India power tools market grew 9.5% YoY to USD 1.9 billion in 2023.
05
Brazil power tools market valued at USD 1.2 billion in 2022.
06
Japan power tools industry revenue JPY 650 billion in FY2022.
07
UK power tools market GBP 1.4 billion in 2023.
08
Mexico power tools sales USD 850 million in 2022.
09
Australia power tools market AUD 1.1 billion 2023.
10
South Korea power tools USD 1.5 billion in 2022.
11
France power tools market EUR 1.9 billion 2023.
12
Indonesia power tools growth 8.2% to USD 750 million 2022.
13
Canada power tools CAD 2.3 billion in 2023.
14
Russia power tools market RUB 120 billion pre-2022 sanctions.
15
Turkey power tools USD 650 million 2022.
16
Saudi Arabia power tools SAR 2.1 billion 2023.
17
South Africa power tools ZAR 8.5 billion 2022.
18
Vietnam power tools USD 450 million growing 12% 2023.
19
Argentina power tools USD 320 million 2022.
20
Netherlands power tools EUR 550 million 2023.
21
Thailand power tools THB 35 billion 2022.
22
UAE power tools AED 1.8 billion 2023.
23
Philippines power tools PHP 25 billion 2022.
24
Sweden power tools SEK 12 billion 2023.
Interpretation

Regional Markets Interpretation

In the regional markets for power tools, strong localized demand stands out, with China hitting USD 12.5 billion in 2022 and India accelerating from that momentum to grow 9.5% year over year to USD 1.9 billion in 2023.

06 · Category

Sales Volume And Units25 stats

01
Global power tools unit sales reached 850 million units in 2022.
02
Cordless drills sold 120 million units worldwide in 2023.
03
US power tools retail sales volume 45 million units in 2022.
04
Angle grinders global sales 95 million units annually average 2020-2023.
05
Impact drivers/wrenches sold 65 million units in Asia-Pacific 2022.
06
Circular saws unit sales 28 million globally in 2023.
07
Random orbital sanders 22 million units sold worldwide 2022.
08
Jigsaws sales volume 15 million units Europe 2023.
09
Reciprocating saws 35 million units global sales 2022.
10
Hammer drills 80 million units sold in construction sector 2023.
11
Multi-tools/oscillating tools 12 million units US sales 2022.
12
Bench grinders stationary tools 5.5 million units global 2023.
13
Nail guns 18 million units North America 2022.
14
Heat guns 8.2 million units Europe sales 2023.
15
Glue guns power tools variant 4.1 million units global 2022.
16
Router tools 16 million units woodworking segment 2023.
17
Biscuit joiners niche 1.2 million units US 2022.
18
Power planers 9 million units Asia sales 2023.
19
Demolition hammers 25 million units construction global 2022.
20
Torque wrenches digital 3.8 million units industrial 2023.
21
Band saws portable 7.5 million units 2022.
22
Table saws 4.2 million units residential US 2023.
23
Miter saws 6.8 million units global sales 2022.
24
Power files 2.1 million units automotive repair 2023.
25
Die grinders 11 million units manufacturing 2022.
Interpretation

Sales Volume And Units Interpretation

Across the sales volume and units category, global power tools are selling at a massive scale, with cordless drills reaching 120 million units in 2023 and angle grinders averaging 95 million units annually from 2020 to 2023, showing sustained high-volume demand for core tool types.
Reference

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APA
Sophie Moreland. (2026, February 13). Power Tools Industry Statistics. Gitnux. https://gitnux.org/power-tools-industry-statistics
MLA
Sophie Moreland. "Power Tools Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/power-tools-industry-statistics.
Chicago
Sophie Moreland. 2026. "Power Tools Industry Statistics." Gitnux. https://gitnux.org/power-tools-industry-statistics.

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