Electric Power Tools Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Machine Type (Drilling Tools, Cutting/Sawing Tools, Fastening Tools, Breaker Tools, Others), By Motor Type (Brushed, Brushless), By Mobility (Stationery, and Portable), By Application (Residential, Commercial, and Industrial), By Region, By Competition, 2020-2030F

Market Overview

Global Electric Power Tools Market was valued at USD 22.08 billion in 2024 and is anticipated to reach USD 30.01 billion by 2030 with a CAGR of 5.09% through 2030. The electric power tools market refers to a dynamic and diverse sector of the global economy dedicated to the production, distribution, and sale of a wide range of electrical devices and equipment designed to assist users in performing various tasks and applications across multiple industries. Electric power tools are versatile, handheld or stationary machines powered by electricity, and they are employed for purposes such as cutting, drilling, grinding, sanding, fastening, and shaping materials like wood, metal, and concrete.

This market encompasses a vast array of tools, including but not limited to drills, saws, grinders, sanders, impact drivers, and power screwdrivers, among others. These tools serve both professional users, such as contractors, craftsmen, and industrial workers, and non-professional or DIY enthusiasts who engage in home improvement, repair, and hobbyist activities. Driven by factors such as technological innovation, industrialization, construction, automotive maintenance, and the burgeoning do-it-yourself (DIY) trend, the electric power tools market continues to evolve. Government policies related to safety, environmental compliance, and energy efficiency also play a significant role in shaping this market. Additionally, the advent of e-commerce has transformed the distribution landscape, making power tools more accessible to consumers worldwide. Overall, the electric power tools market remains a vibrant and essential component of various sectors, facilitating productivity, efficiency, and innovation across industries and user segments.

Key Market Drivers

Industrialization and Infrastructure Development

One of the primary drivers of the global electric power tools market is industrialization and infrastructure development. As countries undergo industrialization and urbanization processes, there is a growing demand for power tools across various sectors, including construction, manufacturing, and energy. In the construction industry, electric power tools such as drills, saws, and concrete mixers are essential for tasks like drilling, cutting, and concrete work. With urban populations on the rise, there is a continuous need for residential and commercial buildings, roads, bridges, and other infrastructure projects. This sustained construction activity fuels the demand for electric power tools.

• As of 2023, global construction output reached USD12 trillion, with significant spending in emerging markets such as India, China, and Indonesia.
• Over 55% of the global population now lives in urban areas, projected to rise to 68% by 2050, driving demand for urban infrastructure.
• Infrastructure investment in the U.S. alone was USD1.7 trillion under the Infrastructure Investment and Jobs Act (2021–2026).
• The International Energy Agency (IEA) forecasts renewable energy capacity to grow by 2,400 GW between 2022–2027, requiring extensive tool usage in solar and wind installations.
• Construction employment globally crossed 220 million workers in 2023, with each worker requiring at least basic sets of power tools.

Infrastructure development also extends to sectors like energy generation and transmission. Power plants, renewable energy installations, and electrical grid expansion projects require power tools for installation, maintenance, and repair. The growth of renewable energy sources, in particular, has created opportunities for electric power tool manufacturers as wind turbines, solar panels, and battery storage systems become more prevalent. As developing and emerging economies invest in building and upgrading their infrastructure, the electric power tools market benefits from the increasing demand for high-quality, reliable tools. Manufacturers are continually innovating to meet the specific needs of these industries, driving growth in the market.

DIY and Home Improvement Trends

The global electric power tools market is experiencing significant growth due to the increasing popularity of do-it-yourself (DIY) and home improvement projects. A combination of factors, including the availability of information online, changing consumer lifestyles, and the desire to personalize living spaces, is driving this trend. Consumers are increasingly turning to DIY projects for various reasons, including cost savings and a sense of accomplishment. Electric power tools are essential for tasks such as woodworking, home renovation, landscaping, and crafting. These tools empower individuals to take on a wide range of projects, from building custom furniture to installing energy-efficient appliances.

• The DIY tools market in North America accounts for nearly 60% of home improvement tool sales.
• Post-COVID-19, over 75% of U.S. homeowners reported engaging in at least one DIY project in 2022.
• YouTube has over 15 million DIY videos, with the top DIY channels collectively exceeding 500 million views monthly.
• Pinterest searches for home improvement projects grew by 35% year-over-year between 2020–2023.
• Over 45% of global electric power tool users are now non-professional DIY consumers, up from 32% in 2018.

Online platforms, including video tutorials and social media, have made it easier than ever for people to access DIY guides and inspiration. Consumers can find step-by-step instructions and ideas for home improvement projects, encouraging them to invest in electric power tools to achieve their goals. The COVID-19 pandemic also accelerated the DIY trend, as more people spent time at home and sought ways to enhance their living spaces. Home offices, outdoor entertainment areas, and home gyms became popular projects, all of which often require electric power tools for construction and customization. Manufacturers in the electric power tools market are responding to this trend by designing user-friendly tools with ergonomic features, improved safety mechanisms, and easy-to-follow instructions. They are also expanding their product lines to cater to the specific needs of DIY enthusiasts, further driving market growth.

Technological Advancements and Innovation

Technological advancements and innovation are key drivers of the global electric power tools market. Manufacturers are constantly investing in research and development to introduce cutting-edge technologies and features that enhance the performance, efficiency, and safety of electric power tools.

Some notable technological advancements driving the market include:

• Brushless Motors: Brushless motor technology offers higher efficiency, longer lifespan, and reduced maintenance compared to traditional brushed motors. Electric power tools equipped with brushless motors deliver better performance and longer runtime.
• Lithium-Ion Batteries: The transition from nickel-cadmium (NiCd) batteries to lithium-ion (Li-ion) batteries has revolutionized the industry. Li-ion batteries offer higher energy density, faster charging times, and longer-lasting power, making electric power tools more convenient and efficient.
• Smart Features: Electric power tools with smart features, such as Bluetooth connectivity and mobile app compatibility, provide users with real-time data, remote control, and customization options. These features enhance user experience and tool performance.
• Improved Safety Mechanisms: Innovations in safety mechanisms, including electronic braking systems, kickback reduction, and anti-vibration technologies, contribute to safer tool operation, reducing the risk of accidents and injuries.
• Ergonomic Design: Manufacturers are focusing on ergonomic designs to enhance user comfort during prolonged tool use. Ergonomically designed handles, grips, and weight distribution contribute to reduced user fatigue.
• Environmental Sustainability: Sustainability is a growing trend, and manufacturers are developing electric power tools with reduced environmental impact. This includes using eco-friendly materials and designing tools for longevity and recyclability.

These technological advancements not only attract professional users seeking higher productivity but also appeal to DIY enthusiasts looking for convenience and ease of use. As manufacturers continue to innovate and introduce new features, the electric power tools market remains dynamic and competitive.

Growth in the Automotive Industry

The growth of the global automotive industry is a significant driver of the electric power tools market. Electric power tools play a crucial role in automotive manufacturing, assembly, maintenance, and repair processes, making them indispensable for both original equipment manufacturers (OEMs) and repair shops.

Several factors contribute to the automotive industry's impact on the electric power tools market:

Manufacturing and Assembly: Electric power tools are essential in the manufacturing and assembly of vehicles. They are used for tasks such as welding, fastening, painting, and bodywork. As the automotive industry experiences growth and diversification, the demand for power tools continues to rise.

Maintenance and Repair: Automotive repair shops rely heavily on electric power tools for servicing vehicles. From engine diagnostics to brake repairs, power tools enable mechanics to perform tasks efficiently and accurately. The increasing number of vehicles on the road drives ongoing demand for repair and maintenance services, leading to a steady demand for power tools.

Technological Advancements: Advancements in electric power tool technology, such as high-torque motors and precision control systems, have enabled automotive professionals to work more efficiently and with greater precision. These tools contribute to the overall quality and reliability of automotive work.

Electric and Hybrid Vehicles: The growth of electric and hybrid vehicles presents new opportunities for electric power tool manufacturers. Electric and hybrid vehicles require specialized tools for servicing their unique components, such as high-voltage systems and battery packs.

• The automotive repair sector employs over 14 million technicians globally, each relying on powered tools daily.
• Global car production reached 93.5 million units in 2023, all involving electric tool usage in assembly lines.
• Electric and hybrid vehicle sales surpassed 14 million units in 2023, with specialized power tools required for servicing.
• The average auto repair shop uses over 100 different power tools during diagnostic and repair operations.
• The automotive aftermarket tool demand grew by 9% YoY, driven by complex maintenance needs for EVs.

The automotive industry's expansion, coupled with the need for advanced and specialized electric power tools, ensures a consistent and robust demand for these tools. Manufacturers in this market segment are continuously developing tools tailored to the specific needs of the automotive sector, further driving market growth.

Renewable Energy and Green Technologies

The increasing focus on renewable energy sources and green technologies is a significant driver of the global electric power tools market. The transition to cleaner and more sustainable energy generation and storage methods has created new opportunities for power tools, particularly in the installation, maintenance, and servicing of renewable energy systems.

Several key factors contribute to the impact of renewable energy and green technologies on the electric power tools market:

• Solar Power: Solar panel installation and maintenance require electric power tools for tasks such as drilling, fastening, and wiring. As solar energy adoption grows, the demand for power tools in the solar industry also increases.
• Wind Energy: The wind turbine industry relies on electric power tools for installation and maintenance tasks, including tower assembly, blade repair, and electrical connections. Wind farms, both onshore and offshore, create ongoing demand for power tools.
• Battery Storage: The growth of battery energy storage systems, used for grid stabilization and energy storage, requires electric power tools for installation and maintenance. These tools are essential for handling high-capacity batteries and electrical components.
• Energy Efficiency Retrofits: As energy efficiency becomes a priority, power tools are needed for retrofitting buildings and industrial facilities with green technologies. These retrofits include energy-efficient lighting, HVAC systems, and insulation installations.
• Environmental Concerns: The environmental impact of power tools, such as emissions and noise pollution, is a focus for manufacturers. Eco-friendly electric power tools designed for sustainable use are in higher demand.

The drive toward renewable energy and green technologies aligns with global sustainability goals and government incentives for clean energy adoption. Electric power tool manufacturers are responding by developing specialized tools and equipment tailored to the needs of the renewable energy sector, creating a niche market within the industry.

E-Commerce and Online Retail

The growth of e-commerce and online retail channels is a significant driver of the global electric power tools market. The convenience and accessibility of online shopping have transformed the way consumers purchase power tools, influencing market dynamics and distribution strategies.

Several key factors illustrate the impact of e-commerce and online retail on the electric power tools market:

• Wide Product Selection: Online platforms offer consumers a vast selection of electric power tools from various manufacturers and brands. This extensive product range allows consumers to compare features, prices, and customer reviews, enabling informed purchasing decisions.
• Convenience: E-commerce provides consumers with the convenience of shopping for power tools from the comfort of their homes or workplaces. They can browse, research, and make purchases 24/7, eliminating the need to visit physical stores.
• Price Transparency: Online retail platforms often display price comparisons and discounts, allowing consumers to find the best deals. Price transparency contributes to competitive pricing and increased affordability.
• Customer Reviews and Ratings: Online platforms feature customer reviews and ratings that provide valuable insights into the performance and reliability of electric power tools. This information helps consumers make informed choices.
• Global Access: Consumers can access a global marketplace of electric power tools, making it possible to purchase tools not available locally. This opens up opportunities for manufacturers to reach international customers.
• Direct Sales and Marketplaces: Manufacturers can sell directly to consumers through their websites or participate in online marketplaces, expanding their reach and streamlining distribution.

To remain competitive in the digital age, electric power tool manufacturers are enhancing their online presence, optimizing e-commerce platforms, and focusing on digital marketing strategies. E-commerce has become a driving force behind the accessibility, availability, and growth of the electric power tools market, catering to a diverse and global customer base.

Key Market Trends

Shift Toward Cordless and Brushless Tools

A major trend in the global electric power tools market is the rapid shift toward cordless and brushless technologies. Users across both industrial and residential segments are increasingly demanding tools that offer greater mobility, less maintenance, and improved performance. Cordless tools, powered by advanced lithium-ion batteries, are gaining popularity due to their longer runtimes, fast charging, and reduced dependence on fixed power sources. Brushless motors are also becoming more prevalent, as they offer higher efficiency, better torque, and lower heat generation compared to brushed motors. These tools are lighter, more compact, and have longer service lives—ideal for professionals in construction, woodworking, and automotive sectors. Additionally, manufacturers are bundling cordless platforms with interchangeable batteries, making them more economical for users. This trend is also fueled by improvements in battery technology, which have made cordless tools just as powerful as their corded counterparts. As prices for battery packs decline, cordless tools are becoming more affordable and accessible. As a result, this segment is expected to dominate market growth in the coming years.

Expansion of Smart and Connected Tools

Smart and connected power tools are transforming how users interact with their equipment. Integration of Bluetooth, IoT sensors, and app-based control features is creating a new category of tools that allow users to customize performance settings, monitor tool usage, and perform diagnostics remotely. Contractors and fleet managers benefit significantly from these features, as they can track inventory, prevent unauthorized tool usage, and identify wear patterns that indicate upcoming maintenance needs. These smart tools are especially useful on large job sites where asset tracking and performance monitoring help reduce downtime and losses. Moreover, digital platforms allow companies to offer value-added services such as firmware updates, usage reports, and remote locking capabilities. This trend is creating opportunities for recurring revenue models and ecosystem-based customer retention, as users become tied to a specific brand's digital infrastructure.

Growing Demand in Industrial and Construction Sectors

The construction and industrial sectors remain the largest consumers of electric power tools, and demand continues to grow due to increased infrastructure projects, urbanization, and industrial automation. Electric tools are widely used in drilling, cutting, grinding, fastening, and demolition work across these segments. The move toward safer, more energy-efficient job sites is accelerating the replacement of pneumatic and gas-powered tools with electric alternatives. Industrial-grade electric tools now offer robust performance while reducing noise, vibration, and emissions. Additionally, cordless platforms allow workers to operate in remote or outdoor locations without needing generators or wired connections. Construction companies are also focusing on improving workforce productivity, and modern electric tools support this goal through ergonomic designs and faster operation. As projects grow in scale and complexity, the need for high-precision, durable, and efficient tools continues to rise. This trend will continue to fuel innovation and investment in professional-grade tool development.

Rising DIY Adoption and E-Commerce Penetration

Another trend reshaping the electric power tools market is the surge in DIY (do-it-yourself) projects, particularly among homeowners and hobbyists. This growth is supported by increasing awareness of tool usage, a growing interest in home improvement, and the rise of e-commerce platforms that provide easy access to a wide range of power tools. Online retail channels are playing a crucial role in reaching new users, especially in emerging economies. Platforms now offer detailed product descriptions, video tutorials, and user reviews, making it easier for consumers to select tools that suit their needs. The availability of combo kits and starter packs has further encouraged adoption. Manufacturers are also designing tools with enhanced safety features, compact sizes, and simplified controls to attract DIY users. Battery-powered drills, sanders, and saws are among the most popular categories in this segment. As more people turn to self-reliant solutions for home repairs, renovations, and creative projects, the DIY segment is expected to contribute significantly to overall market growth.

Emphasis on Sustainability and Emission Reduction

Environmental sustainability is increasingly influencing the electric power tools market. Governments, companies, and consumers are demanding greener alternatives to gas-powered and pneumatic tools. As a result, manufacturers are focusing on developing electric tools that reduce emissions, consume less energy, and produce less noise. Electric tools offer a cleaner and quieter alternative, which is particularly important in urban construction zones and indoor environments. Many jurisdictions are introducing regulations that restrict the use of gas-powered tools, pushing industries toward electric replacements. Moreover, companies are investing in recyclable materials, energy-efficient motors, and sustainable packaging. The rise of modular and repairable designs is also encouraging longer product lifecycles and less waste. Some manufacturers are even introducing battery recycling programs to reduce environmental impact. Sustainability is no longer a secondary consideration—it is becoming a central part of product design, procurement decisions, and brand identity. Companies that align with these values are likely to gain a competitive advantage in both industrial and consumer markets

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Key Market Challenges

Rapid Technological Advancements and Obsolescence

One of the prominent challenges facing the global electric power tools market is the rapid pace of technological advancements and the resulting issue of obsolescence. In this era of innovation, power tool manufacturers are constantly introducing new features, designs, and technologies to stay competitive and meet evolving consumer expectations.

While technological advancements offer benefits such as improved performance, increased efficiency, and enhanced safety, they also come with drawbacks. One of the main challenges is the risk of rendering existing power tool models obsolete. As newer, more advanced models enter the market, older tools can quickly become outdated, making it challenging for consumers who have invested in the previous generation of tools.

This challenge poses several significant issues for both manufacturers and consumers:

• Short Product Lifecycles: The rapid introduction of new power tool models can result in shorter product lifecycles. Manufacturers may phase out older models sooner than expected, which can disrupt the supply chain and create difficulties for consumers seeking replacement parts or support for their existing tools.
• Consumer Discontent: Consumers who have invested in older electric power tools may feel frustrated when their equipment becomes outdated. They may perceive the need to frequently upgrade as a financial burden and question the sustainability of such practices.
• Environmental Impact: The disposal of obsolete power tools contributes to electronic waste (e-waste), which poses environmental challenges. E-waste disposal can lead to environmental pollution and resource depletion if not managed properly.
• Reduced Resale Value: As new models flood the market, the resale value of older electric power tools diminishes quickly. Consumers may hesitate to invest in higher-end tools, fearing that their investment will lose value rapidly.

To address this challenge, manufacturers must strike a balance between innovation and product stability. They can consider offering long-term support for older models, including providing replacement parts and ensuring backward compatibility with accessories. Additionally, clear communication about product lifecycles and potential obsolescence can help manage consumer expectations and reduce dissatisfaction.

Consumers can also take proactive steps, such as researching product roadmaps and considering long-term needs before making a purchase. Additionally, properly disposing of obsolete power tools through recycling programs can mitigate the environmental impact.

Increasing Price Pressure in the Competitive Market

Another significant challenge in the global electric power tools market is the increasing price pressure resulting from intense competition and evolving consumer preferences. As the market becomes more crowded with manufacturers and brands, pricing strategies play a critical role in gaining market share and maintaining profitability.

Several factors contribute to the price pressure challenge:

• Competition: The electric power tools market is highly competitive, with numerous manufacturers vying for consumers' attention. This intense competition can lead to price wars, where companies reduce prices to attract customers. While lower prices can benefit consumers, they may also squeeze profit margins for manufacturers.
• Globalization: The globalization of manufacturing and supply chains has led to a wide range of price points for similar electric power tools. Consumers can easily compare prices across different brands and regions, putting additional pressure on manufacturers to offer competitive pricing.
• Consumer Expectations: Consumers increasingly expect high-quality electric power tools at affordable prices. This has created demand for cost-effective solutions without compromising on performance or durability. Meeting these expectations can be challenging for manufacturers, especially in the face of rising material and labor costs.
• Online Retail: The growth of e-commerce and online retail platforms has intensified price competition. Online retailers often promote competitive pricing, which can force traditional brick-and-mortar stores and manufacturers to adjust their pricing strategies.

To address the price pressure challenge, manufacturers must carefully consider their pricing strategies while maintaining product quality and features. Strategies may include:

• Value Differentiation: Emphasizing the value-added features and benefits of electric power tools to justify slightly higher price points.
• Cost Efficiency: Streamlining production processes, optimizing supply chains, and controlling manufacturing costs to maintain competitive pricing.
• Diversification: Offering a range of electric power tool models at various price points to cater to different consumer segments.
• Brand Reputation: Leveraging a strong brand reputation for quality and reliability to justify premium pricing.

Ultimately, striking a balance between competitive pricing and maintaining profitability is essential to thrive in the competitive global electric power tools market. Manufacturers must adapt to evolving market dynamics and consumer preferences while managing cost pressures to remain successful in the long term.

Segmental Insights

Machine Type Insights

The Drilling Tools segment had the largest market share in 2024 & expected to maintain it in the forecast period. Drilling tools are incredibly versatile and find applications across a wide range of industries and tasks. They are used for creating holes in various materials, including wood, metal, concrete, and masonry. Whether it's drilling holes for electrical wiring, plumbing, construction, or DIY projects, drilling tools are indispensable. Drilling is a fundamental operation in many industries and projects. It is often one of the first steps in building, construction, or assembly processes. As such, the demand for drilling tools remains consistent, making them a staple in the toolkits of professionals and DIY enthusiasts alike. Drilling tools cater to a broad user base, including professionals in construction, woodworking, metalworking, and manufacturing, as well as homeowners and DIYers.

This wide appeal ensures a steady demand for drilling tools globally. The drilling tool segment has witnessed continuous innovation, leading to the development of more advanced and efficient tools. Features like cordless operation, variable speed settings, ergonomic designs, and brushless motors have made drilling tools more user-friendly and capable of handling a variety of drilling tasks. Advances in battery technology, such as the use of lithium-ion batteries, have greatly improved the performance and runtime of cordless drilling tools. This has made cordless drills increasingly popular in both professional and consumer markets. Beyond new construction, drilling tools are essential for maintenance and repair tasks. This ensures ongoing demand for drilling tools even in mature markets.

The do-it-yourself (DIY) culture has been on the rise, with more homeowners and hobbyists taking on various projects themselves. Drilling tools are among the most common Electric Power Tools used in DIY projects, further boosting their market dominance. The drilling tool market is relatively stable, with consistent demand, making it an attractive segment for manufacturers and retailers.

Application Insights

Residential segment dominated in the Global Electric Power Tools Market in 2024 driven by strong demand from DIY (Do-It-Yourself) enthusiasts, home renovation trends, and rising urbanization. Increasing homeownership rates and consumer interest in enhancing living spaces spurred the use of electric power tools for personal projects. Homeowners are increasingly engaging in self-managed tasks such as furniture assembly, gardening, carpentry, painting, and general home repairs—driving demand for user-friendly, compact, and affordable tools. A surge in DIY culture, especially amplified during and after the COVID-19 pandemic, continued into 2024. Consumers turned to digital platforms such as YouTube and Pinterest for tutorials and inspiration, boosting interest in home improvement projects. Electric power tools like cordless drills, sanders, jigsaws, and screwdrivers became essential household items, making the residential user base a major revenue contributor for manufacturers.

Additionally, the availability of ergonomic, lightweight, and battery-powered tools equipped with lithium-ion batteries made electric power tools more accessible to non-professionals. Brands increasingly tailored their marketing and product development toward the residential segment by emphasizing safety, ease of use, and aesthetics. E-commerce played a pivotal role in residential market dominance. Online marketplaces like Amazon, Home Depot, and Lowe’s provided consumers with product comparisons, reviews, tutorials, and competitive pricing, streamlining the purchasing process. Promotions, discounts, and bundled packages further fueled residential sales volumes. Moreover, rising disposable incomes, particularly in emerging economies, enabled middle-class consumers to invest in quality home improvement tools. The trend was particularly prominent in countries across North America, Europe, and Asia-Pacific, where urban dwellers focused on modernizing and maintaining their homes.

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Regional Insights

Asia Pacific was the largest market for electric power tools in 2024. driven by rapid industrialization, booming construction activity, and growing manufacturing output across major economies such as China, India, Japan, and Southeast Asian countries. The region's dynamic economic growth, combined with large-scale infrastructure investments, continues to generate robust demand for electric power tools across multiple industries. One of the primary factors behind Asia Pacific’s dominance is the expanding construction sector. Countries like China and India are investing heavily in residential, commercial, and infrastructure projects, including smart cities, highways, airports, and metro systems. These developments require a wide array of electric power tools for activities such as drilling, fastening, and cutting, creating significant market opportunities.

Strong growth in the manufacturing and automotive industries further fuels demand. China, the world’s largest manufacturing hub, and India, with its expanding industrial base, both rely heavily on electric power tools for assembly, repair, and maintenance tasks. The region's automotive production is expected to continue growing, especially in electric vehicles, further boosting tool usage in manufacturing and aftermarket services. Low-cost manufacturing advantages have also made Asia Pacific a key production base for major power tool brands, leading to a wide availability of affordable, locally-produced tools. Companies such as Makita, Hitachi, and Techtronic Industries have strong regional footprints and contribute to market growth through continuous innovation and aggressive pricing strategies. Rising urbanization and a growing middle-class population are supporting the surge in do-it-yourself (DIY) activities, particularly in countries like Japan, South Korea, and India. As disposable income increases and homeownership rises, consumers are investing in personal toolkits for home improvement and maintenance.

Recent Developments

• In May 2025, Epiroc announced the relocation of its rotary and raiseboring drilling tool production from Langley, Canada to its Matehuala, Mexico facility, where rock drills are already manufactured. The transition begins in Q3 2025 and concludes by Q1 2027, impacting approximately 65 employees. This move aims to streamline operations and strengthen regional supply capabilities. Restructuring costs are estimated at MSEK 70. Epiroc’s CEO emphasized the necessity of this decision to improve operational agility and better serve customers across the Americas.
• In October 2024, Redback has formed a strategic alliance with Enovate Ai to revolutionize drilling performance through AI-driven Bottom Hole Assembly (BHA) optimization and real-time predictive practices. This partnership integrates Redback’s oil and gas expertise with Enovate Ai’s advanced technology to improve roller reamer placement, enhance drilling efficiency, reduce costs, and increase productivity. The collaboration underscores both companies' commitment to delivering innovative, value-focused solutions that align with the industry's growing demand for operational precision and performance enhancement in complex drilling environments.
• In March 2025, Star Equity Holdings has acquired Alliance Drilling Tools (ADT), a U.S.-based drilling equipment and repair firm operating across multiple energy sectors. The deal, valued at USD12.65 million (including USD3 million in real estate), was funded through USD4.9 million in cash and USD7.75 million in preferred stock. The acquisition supports Star’s long-term growth strategy and broadens its presence in energy equipment supply. The move enhances Star’s service capabilities and positions the company for expanded operations across the oil, gas, mining, and geothermal markets.
• In March 2025, Consolidated Suppliers has entered into a strategic partnership with Drilling Tools International (DTI) to advance next-generation drilling solutions. This collaboration leverages both firms’ technical strengths to improve service delivery, boost efficiency, and foster innovation within the drilling industry. The partnership aims to address evolving market demands through enhanced operational capabilities, increased reliability, and jointly developed technologies. It marks a proactive step toward delivering integrated and value-driven services to industry stakeholders across oil, gas, and other drilling-intensive sectors.

Key Market Players

• Stanley Black & Decker, Inc
• Robert Bosch GmbH
• Techtronic Industries Company Limited
• Makita Electric Power Tools India Pvt. Ltd
• Hilti Corporation
• Koki Holdings Co., Ltd
• Snap-on Incorporated
• Husqvarna Motorcycles GmbH
• Emerson Electric Co.
• Milwaukee Electric Tool Corporation

Report Scope:

In this report, the Global Electric Power Tools Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Electric Power Tools Market, By Machine Type:

o   Drilling Tools

o   Cutting/Sawing Tools

o   Fastening Tools

o   Breaker Tools

o   Others   

• Electric Power Tools Market, By Motor Type:

o   Brushed

o   Brushless

• Electric Power Tools Market, By Mobility:

o   Stationery

o   Portable  

• Electric Power Tools Market, By Application:

o   Residential

o   Commercial

o   Industrial

• Electric Power Tools Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electric Power Tools Market.

Available Customizations:

Global Electric Power Tools market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

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