Worldwide Power Tool Accessories Industry to 2027 - Players Include Atlas Copco, Husqvarna and Robert Bosch Among Others -

The "Power Tool Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to's offering.

The global power tool accessories market reached a value of US$ 1.85 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 2.59 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027.

Companies Mentioned

  • Apex Tool Group LLC (Bain Capital Partners)
  • Atlas Copco AB
  • Hilti Aktiengesellschaft
  • Husqvarna Group
  • Ingersoll-Rand Plc (Gardner Denver Holdings Inc.)
  • Klein Tools Inc.
  • Koki Holdings Co. Ltd. (KKR & Co. Inc.)
  • Makita Corporation
  • Robert Bosch GmbH
  • Snap-On Incorporated
  • Stanley Black & Decker Inc.
  • Techtronic Industries Company Limited

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Power tools accessories refer to the additional fittings that are used in various engine-driven power, electric and pneumatic power devices. Drills, screwdrivers, and router bits, abrasives wheels, saw blades, chippers and threading products are some of the commonly used power tool accessories. These accessories are ergonomically designed to enhance the efficiency, convenience of use, battery performance and connectivity of the power tools. They also aid in simplifying repetitive tasks and minimizing the chances of human errors and injuries. Owing to this, they find extensive applications across various sectors, including electronics, construction, logistics, manufacturing and aerospace.

Rapid industrialization, along with the emerging trend of automation across the globe, is one of the key factors driving the growth. Furthermore, expansion in the construction and automotive industries is also providing a boost to the market growth. In line with this, there is a growing demand for fabricated metals, such as stamped metal products, fasteners and springs, which are manufactured using power tools, thereby increasing the utilization of power tool accessories.

The widespread adoption of cordless power tools equipped with high-density Lithium-ion (Li-ion) batteries is also creating a positive impact on the market growth. In comparison to the traditionally used devices, cordless power tools, such as hammer drills, impact wrenches and circular saws, are more compact, mobile, multi-purpose and have a longer operational life. Other factors, including rapid urbanization, along with the development of smart technologies and low-cost and energy-efficient power tools, are projected to drive the market further.

Key Questions Answered in this Report

1. What is the global power tool accessories market growth?

2. What are the global power tool accessories market drivers?

3. What are the key industry trends in the global power tool accessories market?

4. What is the impact of COVID-19 on the global power tool accessories market?

5. What is the global power tool accessories market breakup by type?

6. What is the global power tool accessories market breakup by application?

7. What is the global power tool accessories market breakup by end-use sector?

8. What are the major regions in the global power tool accessories market?

9. Who are the key companies/players in the global power tool accessories market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Power Tool Accessories Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

7 Market Breakup by Application

8 Market Breakup by End-Use Sector

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

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