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The global power tool accessories market was valued at US$ 2.0 Billion in 2022.
We expect the global power tool accessories market to exhibit a CAGR of 5.2% during 2023-2028.
Rapid industrialization, along with the rising adoption of ergonomically designed accessories to
enhance the efficiency and simplify repetitive tasks, is currently driving the global power tool
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous end-use
industries for power tool accessories.
Based on the type, the global power tool accessories market can be divided into drill bits,
screwdriver bits, router bits, circular saw blades, jig saw blades, band saw blades, abrasive wheels,
reciprocating saw blades, and others. Currently, drill bits exhibit a clear dominance in the market.
Based on the application, the global power tool accessories market has been categorized into milter
saw, drill machine, reciprocating saw, hole saw, and others. Among these, milter saw holds the
majority of the total market share.
Based on the end-use sector, the global power tool accessories market can be segmented into
industrial and residential. Currently, the industrial sector represents the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global power tool accessories market include 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.
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