• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Power Tool Accessories Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global power tool accessories market grew at a CAGR of around 4% during 2014-2019. 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. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years.

Breakup by Type:

  • Drill Bits
  • Screwdriver Bits
  • Router Bits
  • Circular Saw Blades
  • Jig Saw Blades
  • Band Saw Blades
  • Abrasive Wheels
  • Reciprocating Saw Blades
  • Others
     

Breakup by Application:

  • Hole Saws
  • Miter Saw Blades
  • Wire Wheels and Brushes
  • Sander Backing Pad
  • Abrasive Sanding Discs
  • Others
     

Breakup by End-Use Sector:

  • Industrial
    • Automotive
    • Construction
    • Aerospace and Defense
    • Energy
    • Marine
    • Others
  • Residential
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.

Key Questions Answered in This Report:

The global power tool accessories market was worth US$ 1.6 Billion in 2019.

The growing demand for fabricated metals that are manufactured using power tools, like stamped metal products, fasteners, and springs, represents the major factor propelling the market growth.

The rising automation, along with the development of smart technologies and low-cost and energy-efficient power tools, is one of the major market trends.

As the majority of the industry tools are manufactured in China, it has led to a decline in the imports of power tool accessories across the globe.

Based on the type, the market has been categorized into drill bits, screwdriver bits, router bits, circular saw blades, jigsaw blades, band saw blades, abrasive wheels, reciprocating saw blades and others.

Hole saws represent the most popular segment, holding the largest market share. Other major applications include miter saw blades, wire wheels and brushes, sander backing pad, and abrasive sanding discs.

At present, the industrial sector (automotive, construction, aerospace and defense, energy, marine and others) dominates the market, followed by the residential sector.

Region-wise, North America (the United States and Canada) currently holds the leading position in the market. Other major regions include Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.

The leading industry players operative in the industry are Apex Tool Group, LLC (ATG), Atlas Copco Group, Hilti Corporation, Husqvarna Group, Trane Technologies plc (Ingersoll-Rand plc), Klein Tools Inc., Kohlberg Kravis Roberts (KKR) & Co. L.P., Makita Corporation, Robert Bosch GmbH, Snap-On Incorporated, Stanley Black & Decker Inc., and Techtronic Industries Company Limited.

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting 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    Market Forecast
6    Market Breakup by Type 
    6.1    Drill Bits
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Screwdriver Bits
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Router Bits
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Circular Saw Blades
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Jig Saw Blades
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Band Saw Blades
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Abrasive Wheels
        6.7.1 Market Trends
        6.7.2 Market Forecast
    6.8    Reciprocating Saw Blades
        6.8.1 Market Trends
        6.8.2 Market Forecast
    6.9    Others
        6.9.1 Market Trends
        6.9.2 Market Forecast
7    Market Breakup by Application
    7.1    Hole Saws
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Miter Saw Blades
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Wire Wheels and Brushes
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Sander Backing Pad
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Abrasive Sanding Discs
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by End-Use Sector
    8.1    Industrial
        8.1.1 Market Trends
        8.1.2 Major Types
            8.1.2.1 Automotive
            8.1.2.2 Construction
            8.1.2.3 Aerospace and Defense
            8.1.2.4 Energy
            8.1.2.5 Marine
            8.1.2.6 Others
        8.1.3 Market Forecast
    8.2    Residential
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Apex Tool Group LLC (Bain Capital Partners)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    Atlas Copco AB
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials 
           14.3.2.4 SWOT Analysis
        14.3.3    Hilti Aktiengesellschaft
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 SWOT Analysis
        14.3.4    Husqvarna Group
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials 
        14.3.5    Ingersoll-Rand plc (Gardner Denver Holdings Inc.)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    Klein Tools, Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Koki Holdings Co Ltd. (KKR & Co. Inc.)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 SWOT Analysis
        14.3.8    Makita Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials 
           14.3.8.4 SWOT Analysis
        14.3.9    Robert Bosch GmbH
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials 
           14.3.9.4 SWOT Analysis
        14.3.10    Snap-On Incorporated
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials 
           14.3.10.4 SWOT Analysis
        14.3.11    Stanley Black & Decker Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials 
           14.3.11.4 SWOT Analysis
        14.3.12    Techtronic Industries Company Limited
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 


List of Figures


Figure 1: Global: Power Tool Accessories Market: Major Drivers and Challenges
Figure 2: Global: Power Tool Accessories Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Power Tool Accessories Market: Breakup by Type (in %), 2019
Figure 4: Global: Power Tool Accessories Market: Breakup by Application (in %), 2019
Figure 5: Global: Power Tool Accessories Market: Breakup by End-Use Sector (in %), 2019
Figure 6: Global: Power Tool Accessories Market: Breakup by Region (in %), 2019
Figure 7: Global: Power Tool Accessories Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Power Tool Accessories (Drill Bits) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Power Tool Accessories (Drill Bits) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Power Tool Accessories (Screwdriver Bits) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Power Tool Accessories (Screwdriver Bits) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Power Tool Accessories (Router Bits) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Power Tool Accessories (Router Bits) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Power Tool Accessories (Circular Saw Blades) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Power Tool Accessories (Circular Saw Blades) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Power Tool Accessories (Jig Saw Blades) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Power Tool Accessories (Jig Saw Blades) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Power Tool Accessories (Band Saw Blades) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Power Tool Accessories (Band Saw Blades) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Power Tool Accessories (Abrasive Wheels) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Power Tool Accessories (Abrasive Wheels) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Power Tool Accessories (Reciprocating Saw Blades) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Power Tool Accessories (Reciprocating Saw Blades) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Power Tool Accessories (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Power Tool Accessories (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Power Tool Accessories (Hole Saws) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Power Tool Accessories (Hole Saws) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Power Tool Accessories (Miter Saw Blades) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Power Tool Accessories (Miter Saw Blades) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Power Tool Accessories (Wire Wheels and Brushes) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Power Tool Accessories (Wire Wheels and Brushes) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Power Tool Accessories (Sander Backing Pad) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Power Tool Accessories (Sander Backing Pad) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Power Tool Accessories (Abrasive Sanding Discs) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Power Tool Accessories (Abrasive Sanding Discs) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Power Tool Accessories (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Power Tool Accessories (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Global: Power Tool Accessories (Industrial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Global: Power Tool Accessories (Industrial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Global: Power Tool Accessories (Residential) Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Global: Power Tool Accessories (Residential) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: North America: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: North America: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: United States: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: United States: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Canada: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Canada: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Asia Pacific: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Asia Pacific: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: China: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: China: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Japan: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Japan: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: India: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: India: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: South Korea: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: South Korea: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Australia: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Australia: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Indonesia: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Indonesia: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Others: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Others: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Europe: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Europe: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Germany: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Germany: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: France: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: France: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: United Kingdom: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: United Kingdom: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Italy: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Italy: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Spain: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Spain: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Russia: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Russia: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Others: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Others: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Latin America: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Latin America: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Brazil: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: Brazil: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Mexico: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Mexico: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Others: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: Others: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Middle East and Africa: Power Tool Accessories Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Middle East and Africa: Power Tool Accessories Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Global: Power Tool Accessories Industry: SWOT Analysis
Figure 91: Global: Power Tool Accessories Industry: Value Chain Analysis
Figure 92: Global: Power Tool Accessories Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Power Tool Accessories Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Power Tool Accessories Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Power Tool Accessories Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Power Tool Accessories Market Forecast: Breakup by End-Use Sector (in Million US$), 2020-2025
Table 5: Global: Power Tool Accessories Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Power Tool Accessories Market Structure
Table 7: Global: Power Tool Accessories Market: Key Players

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