29 Oct
What is the Current State of the Power Tools Market?
The top power tool brands in the world are contributing to a fast-growing global power tools market in 2020. The global power tools market is projected to reach USD 40.9 billion by 2027. Bosch, Hitachi, and Black & Decker are the largest power tool companies in the world by revenue. The modern power tools market is dominated by cordless technology taking over and the best power tool brands are in a race to provide the most reliable and cutting-edge tools in the market.
This fact sheet is to assist business professionals and investors interested in gaining insights into the global power tools market including:
- Which is the best power tool brand?
- Discover who the top 10 power tool brands in the world are by brand value and revenue in 2020?
- What are the top global power tool market statistics to leverage in 2020?
- Connect with the top power tool brands in the world at a B2B level.
BizVibe is already helping the best power tool brands in the world connect. Connect and track the latest news and insights from these companies.
Power Tools Market Statistics & Trends
- Bosch is the largest power tool company in the world by revenue.
- The global power tools market size was valued at USD 32.3 billion in 2019.
- The global power tools market is projected to reach USD 40.9 billion by 2027.
- The global power tools market size is projected to grow at a CAGR of 27% by 2027.
- APAC holds the highest market share of the global power tools market with a market share of 33.2%.
- The future is in cordless technology: Major power tool manufacturer gained a 5% increase in power tools sales due to the introduction of cordless power tools.
Top 10 Power Tool Brands in the World 2020
Which is the best power tool brand? The following is a list of the top power tool brands ranked by a combination of revenue and brand value.
Rank | Power Tool Brand | Revenue (USD billions) | Headquarters |
| 1 | Bosch | 91.66 | Gerlingen, Germany |
| 2 | DeWalt | 5.37 | Towson, Maryland, USA |
| 3 | Makita | 2.19 | Anjo, Aichi, Japan |
| 4 | Milwaukee | 3.7 | Brookfield, Wisconsin, USA |
| 5 | Black & Decker | 11.41 | Towson, Maryland, USA |
| 6 | Hitachi | 90.6 | Tokyo, Japan |
| 7 | Craftsman | 0.2 | Chicago, Illinois, USA |
| 8 | Ryobi | 2.43 | Hiroshima, Japan |
| 9 | Stihl | 4.41 | Waiblingen, Germany |
| 10 | Techtronic Industries | 7.7 | Hong Kong |
1. Bosch
Which is the best power tool brand? Ranking number 1 on our list of the top power tool brands in the world in 2020 is Bosch. Bosch is a German multinational engineering and technology company headquartered in Gerlingen, near Stuttgart, Germany. Aside from power tools, Bosch’s core operating areas are spread across four business sectors: mobility (hardware and software), consumer goods (including household appliances and power tools), industrial technology (including drive and control), and energy and building technology. Bosch’s power tools division is a supplier of power tools, power tool accessories, and measuring technology. In addition to power tools such as hammer drills, cordless screwdrivers, and jigsaws, its extensive product portfolio also includes gardening equipment such as lawnmowers, hedge trimmers, and high-pressure cleaners. Last year Bosch generated USD 91.66 billion in revenues — making Bosch one of the best power tool brands in the world in 2020.
- Founded: 1886
- Bosch Headquarters: Gerlingen, Germany
- Bosch Revenue: USD 91.66 billion
- Bosch Number of Employees: 400,100
Bosch Key Products
- Automotive parts, power tools, security systems, home appliances, engineering, electronics, cloud computing, IoT.
2. DeWalt
Ranking number 2 on BizVibe’s list of the top 10 tool brands in the world is DeWalt. DeWalt is an American worldwide manufacturer of power tools and hand tools for the construction, manufacturing, and woodworking industries. Currently headquartered in Towson, Maryland, DeWalt has over 13,000 employees with Stanley Black & Decker as its parent company. Popular DeWalt products include A DeWalt screw gun, used for countersinking drywall screws; a DeWalt circular saw; and many more. Last year DeWalt generated USD 5.37 billion — making it one of the top power tool brands in the world in 2020 by revenue.
- Founded: 1924
- DeWalt Headquarters: Towson, Maryland, USA
- DeWalt Revenue: USD 5.37 billion
- DeWalt Number of Employees: 13,000
3. Makita
Ranking 3rd on this list of the top 10 best power tool brands in the world is Makita. Makita is a Japanese manufacturer of power tools, founded in 1915. Makita operates in Brazil, China, Japan, Mexico, Romania, the United Kingdom, Germany, Dubai, Thailand, and the United States. Makita generated USD 2.9 billion in revenue last year — making it one of the largest power tool companies in the world in 2020. Makita specializes in cordless tools such as cordless screwdrivers, cordless impact wrenches, cordless rotary hammers drills, and cordless jigsaws. As well as offering various other tools such as battery saws, cordless angle grinders, cordless planers, cordless metal shears, battery-powered screwdrivers, and cordless slot mills. Makita power tools include classic tools such as drilling and stemming hammers, drills, planers, saws and cutting & angle grinders, gardening equipment (electric lawnmowers, high-pressure cleaners, blowers), and measuring tools (rangefinders, rotating lasers).
- Founded: 1915
- Makita Headquarters: Anjo, Aichi, Japan
- Makita Revenue: USD 2.19 billion
- Makita Number of Employees: 13,845
4. Milwaukee
Ranking 4th on this list of the top 10 power tool brands in the world in 2020 in Milwaukee. The Milwaukee Electric Tool Corporation is an American company that develops, manufactures, and markets power tools. Milwaukee is a brand and subsidiary of Techtronic Industries, a Chinese company, along with AEG, Ryobi, Hoover, Dirt Devil, and Vax. It produces corded and cordless power tools, hand tools, pliers, hand saws, cutters, screwdrivers, trims, knives, and tool combo kits. Last year Milwaukee generated USD 3.7 billion — making it one of the best power tool brands by revenue in the world.
- Founded: 1924
- Milwaukee Headquarters: Brookfield, Wisconsin, USA
- Milwaukee Revenue: USD 3.7 billion
- Milwaukee Number of Employees: 1,450
5. Black & Decker
Black &Decker ranks 5th on this list of the top power tool brands in the world in 2020. Black & Decker is an American manufacturer of power tools, accessories, hardware, home improvement products, and fastening systems headquartered in Towson, Maryland, north of Baltimore, where the company was originally established in 1910. Last year Black & Decker generated USD 11.41 billion — making it one of the top 10 tool brands in the world by revenue.
- Founded: 1910
- Black & Decker Headquarters: Towson, Maryland, USA
- Black & Decker Revenue: USD 11.41 billion
- Black & Decker Number of Employees: 27,000
6. Hitachi
Not just a leading power tool brand. Hitachi is a Japanese multinational conglomerate company headquartered in Chiyoda, Tokyo, Japan. Hitachi manufactures regular cordless tools and lithium-ion battery tools. Last year Hitachi generated USD 90.6 billion — making it one of the top power tool brands in the world by revenue. Hitachi is known for the best power tool warranty in the industry (limited lifetime on tools, 5-year on batteries).
- Founded: 1910
- Hitachi Headquarters: Tokyo, Japan
- Hitachi Revenue: USD 90.6 billion
- Hitachi Number of Employees: 295,941
7. Craftsman
Ranking 7th on our list of the top 10 best power tool brands in the world is Craftsman. Craftsman is a line of tools, lawn and garden equipment, and workwear. Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker. Popular Mechanics named Craftsman their favorite brand of hand tools in their Reader’s Choice Awards. Last year Craftsman generated USD 196 million in sales for the Black & Decker brand.
- Founded: 1927
- Craftsman Headquarters: Chicago, Illinois, USA
- Craftsman Revenue: USD 196 million
8. Ryobi
Ryobi ranks 8th on this list of the power tool manufacturer rankings in 2020. Ryobi is a Japanese manufacturer of components for automobiles, electronics, and telecommunications industries. It also sells printing equipment, power tools, and builders’ hardware. The Ryobi Tools brand in North America, Europe, Australia, and New Zealand is licensed by Techtronic Industries of Hong Kong. In the United States and Canada, Ryobi power tools are sold primarily through Home Depot and online shopping stores. In Australia and New Zealand, the line is sold exclusively by Bunnings Warehouse. In the UK the power tools are sold at hardware stores.
- Founded: 1910
- Ryobi Headquarters: Hiroshima, Japan
- Ryobi Revenue: USD 2.43 billion
- Ryobi Number of Employees: 8,993
Ryobi key Products
- Die-cast products
- Electric power tools
- Lawn and garden equipment
- Builders’ hardware
- Printing equipment
9. Stihl
Stihl ranks 9th on our list of the top power tool brands in the world in 2020. Stihl is a German manufacturer of chainsaws and other handheld power equipment including trimmers and blowers. Stihl’s headquarters are in Waiblingen, Baden-Württemberg, near Stuttgart, Germany. Last year Stihl generated USD 4.41 billion — making the company one of the top 10 tool brands by revenue.
- Founded: 1926
- Stihl Headquarters: Waiblingen, Germany
- Stihl Revenue: USD 4.41 billion
- Stihl Number of Employees: 17,122
Stihl key Products
- Industrial chainsaws, string trimmers, cultivators, cut-off saws, leaf blowers, construction tools, edgers, pole pruners, augers/drills & protective apparel
10. Techtronic Industries
Techtronic Industries rounds out our list of the top power tool brands in the world in 2020. Techtronic Industries designs manufacture and markets power tools, outdoor power equipment, accessories, hand tools, layout and measuring tools, floor care, and appliances. Headquartered in Hong Kong, Last year Techtronic Industries generated USD 7.7 billion — making it one of the best power tool brands in the world by revenue.
- Founded: 1985
- Techtronic Industries Headquarters: Hong Kong
- Techtronic Industries Revenue: USD 7.7 billion
This is BizVibe’s list of the top power tool brands in the world based on revenue and brand value. These companies are changing the way businesses are innovating in the power tools market.
Top 10 Power Tool Brands by Revenue
Rank | Power Tool Brand | Revenue (USD billions) | Headquarters |
| 1 | Bosch | 91.66 | Gerlingen, Germany |
| 2 | Hitachi | 90.6 | Tokyo, Japan |
| 3 | Black & Decker | 11.41 | Towson, Maryland, USA |
| 4 | Techtronic Industries | 7.7 | Hong Kong |
| 5 | DeWalt | 5.37 | Towson, Maryland, USA |
| 6 | Stihl | 4.41 | Waiblingen, Germany |
| 7 | Milwaukee | 3.7 | Brookfield, Wisconsin, USA |
| 8 | Ryobi | 2.43 | Hiroshima, Japan |
| 9 | Makita | 2.19 | Anjo, Aichi, Japan |
| 10 | Craftsman | 0.2 | Chicago, Illinois, USA |
- Bosch is the largest power tool company in the world by revenue, generating USD 91.66 billion.
The Future of the Power Tools Market
Looking past 2020, the future of the global power tools market looks promising as the top power tool brands in the world continue to grow in revenues and technological evolution. Expect the industry to keep growing and the key players to play a vital role in its growth as the industry pushes towards better cordless power tools
