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Global Benchtop Tools Market Outlook, 2029
Global Benchtop Tools Market Outlook, 2029

2023

Global Benchtop Tools Market Outlook, 2029

The Global Benchtop Tools Market is expected to reach approximately USD 3.58 billion by 2032, driven by rise in technological advancements.

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According to publisher, The global benchtop tools market is experiencing steady growth, driven by a confluence of factors. This report explores key insights, dynamics, segmentation, regional analysis, recent developments, and the competitive landscape within this market.

Market Insights

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The global benchtop tools market is expected to reach approximately USD 3.58 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.88%. This growth is fueled by a rise in DIY (Do-It-Yourself) projects, increasing demand for customized furniture, and the growing adoption of power tools in industries to enhance productivity.

For instance, the popularity of home renovation shows and online tutorials has fueled the DIY culture. Easy access to instructions and the desire for personalization in homes are driving the demand for benchtop tools like saws, drills, and sanders.

Market Dynamics

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Manmayi Raval

Manmayi Raval

Research Consultant



Growth Drivers:

Rise of DIY culture: As mentioned earlier, the growing popularity of DIY projects is a significant growth driver. Benchtop tools cater perfectly to these projects due to their compact size, user-friendliness, and affordability.
Increasing urbanization: Rapid urbanization leads to a rise in demand for customized furniture and space-saving solutions. Benchtop tools empower homeowners and small workshops to create these customized furniture pieces.
Technological advancements: Advancements in motor technology, battery life, and dust collection systems are making benchtop tools more efficient, user-friendly, and safer, attracting a wider audience.
Market Restraints:

Stringent safety regulations: Stringent safety regulations in developed economies can increase the production costs of benchtop tools, impacting their affordability, particularly for budget-conscious consumers.
Availability of substitutes: The presence of substitutes like manual tools might limit the growth in certain regions, especially in price-sensitive markets.
Market Segments

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Manmayi Raval


By Product Type:

Sawing tools (jigsaw, band saw, etc.)
Bench drill presses
Grinders and sanders
Jointers, planers, and routers
Other specialized tools (lathes, vises, etc.)
By End User:

Industrial users (for workshops and small-scale production)
Residential users (DIY enthusiasts and homeowners)
By Distribution Channel:

Offline stores (hardware stores, specialty tool shops)
Online marketplaces (e-commerce websites)
Regional Analysis

Asia Pacific is expected to hold the dominant market share due to the rising disposable income, increasing urbanization, and growing DIY culture in this region.

North America and Europe are also significant markets with a high concentration of established industry players and a strong presence of DIY enthusiasts.

The growth in the Latin America and Middle East & Africa regions is expected to be driven by increasing infrastructure development and rising disposable incomes.

Key Developments

Manufacturers are focusing on innovation to introduce compact, cordless, and feature-rich benchtop tools to cater to the evolving needs of DIYers and professionals.

For example, Bosch introduced the world's first cordless table saw with a folding stand in 2023, making it highly portable and convenient for DIY tasks.

The rise of online marketplaces is expanding the reach of benchtop tool manufacturers, allowing them to connect with a wider customer base globally.

Competitive Landscape

The global benchtop tools market is moderately competitive with a mix of established players and emerging brands.

Some of the major players in the market include Robert Bosch, Stanley Black & Decker, Makita Corporation, Techtronic Industries, Koki Holdings, and Hilti.

These companies compete based on factors like product quality, price, innovation, brand recognition, and after-sales service.

Conclusion

The global benchtop tools market offers promising growth prospects due to the rising popularity of DIY projects, increasing urbanization, and technological advancements. By understanding the market dynamics, segmentation, regional variations, key developments, and the competitive landscape, stakeholders can make informed decisions and capitalize on the growth opportunities within this market.

Table of Contents

  • 1 Introduction 8
  • 1.1 Industry Definition and Research Scope 8
  • 1.1.1 Industry Definition 8
  • 1.1.2 Research Scope 9
  • 1.2 Research Methodology 12
  • 1.2.1 Overview of Market Research Methodology 12
  • 1.2.2 Market Assumption 13
  • 1.2.3 Secondary Data 13
  • 1.2.4 Primary Data 13
  • 1.2.5 Data Filtration and Model Design 14
  • 1.2.6 Market Size/Share Estimation 15
  • 1.2.7 Research Limitations 16
  • 1.3 Executive Summary 17
  • 2 Market Overview and Dynamics 19
  • 2.1 Market Size and Forecast 19
  • 2.1.1 Impact of COVID-19 on World Economy 20
  • 2.1.2 Impact of COVID-19 on the Market 23
  • 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 25
  • 2.2 Major Growth Drivers 29
  • 2.3 Market Restraints and Challenges 33
  • 2.4 Emerging Opportunities and Market Trends 36
  • 2.5 Porter’s Fiver Forces Analysis 40
  • 3 Segmentation of Global Market by Product Type 44
  • 3.1 Market Overview by Product Type 44
  • 3.2 Cutting Tools 46
  • 3.3 Drilling Tools 47
  • 3.4 Grinding & Sanding Tools 48
  • 3.5 Jointers, Planers & Routers 49
  • 3.6 Other Products 50
  • 4 Segmentation of Global Market by Application 51
  • 4.1 Market Overview by Application 51
  • 4.2 Residential Use 53
  • 4.3 Commercial Use 54
  • 4.4 Industrial Use 55
  • 4.5 Other Applications 56
  • 5 Segmentation of Global Market by Distribution Channel 57
  • 5.1 Market Overview by Distribution Channel 57
  • 5.2 Online Sales 59
  • 5.3 Offline Sales 60
  • 6 Segmentation of Global Market by Region 61
  • 6.1 Geographic Market Overview 2022-2032 61
  • 6.2 North America Market 2022-2032 by Country 65
  • 6.2.1 Overview of North America Market 65
  • 6.2.2 U.S. 69
  • 6.2.3 Canada 72
  • 6.2.4 Mexico 74
  • 6.3 European Market 2022-2032 by Country 76
  • 6.3.1 Overview of European Market 76
  • 6.3.2 Germany 80
  • 6.3.3 U.K. 82
  • 6.3.4 France 84
  • 6.3.5 Spain 86
  • 6.3.6 Italy 88
  • 6.3.7 Netherlands 90
  • 6.3.8 Rest of European Market 92
  • 6.4 Asia-Pacific Market 2022-2032 by Country 94
  • 6.4.1 Overview of Asia-Pacific Market 94
  • 6.4.2 Japan 98
  • 6.4.3 China 101
  • 6.4.4 Australia 103
  • 6.4.5 India 105
  • 6.4.6 South Korea 107
  • 6.4.7 Rest of APAC Region 109
  • 6.5 South America Market 2022-2032 by Country 111
  • 6.5.1 Argentina 114
  • 6.5.2 Brazil 116
  • 6.5.3 Colombia 118
  • 6.5.4 Rest of South America Market 120
  • 6.6 MEA Market 2022-2032 by Country 121
  • 6.6.1 UAE 124
  • 6.6.2 Saudi Arabia 126
  • 6.6.3 South Africa 128
  • 6.6.4 Other National Markets 130
  • 7 Competitive Landscape 131
  • 7.1 Overview of Key Vendors 131
  • 7.2 New Product Launch, Partnership, Investment, and M&A 134
  • 7.3 Company Profiles 135
  • 3M Company 135
  • CRAFTSMAN 137
  • Ferm International 138
  • Festool 139
  • Hanley Wood Media Inc. 140
  • Hilti 141
  • JPW Industries 142
  • Koki Holdings America Ltd. 143
  • KYOCERA Corporation 144
  • Laguna Tools 145
  • Makita Corporation 146
  • Positec Tool Corporation 147
  • POWERTEC 148
  • PROXXON 149
  • Record Power 150
  • Richpower Industries Inc. 151
  • RIKON Power Tools 152
  • Robert Bosch Tool Corporation 153
  • Samtec Tools and Accessories Pvt. Ltd. 154
  • Stanley Black & Decker 155
  • Techtronic Industries 156
  • Triton Tools 157
  • WEN Products 158
  • RELATED REPORTS 159



Table 1. Snapshot of Global Benchtop Tools Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Scenarios for Economic Impact of Ukraine Crisis 26
Table 5. Main Product Trends and Market Opportunities in Global Benchtop Tools Market 36
Table 6. Global Benchtop Tools Market by Product Type, 2022-2032, $ mn 44
Table 7. Global Benchtop Tools Market by Application, 2022-2032, $ mn 51
Table 8. Global Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 57
Table 9. Global Benchtop Tools Market by Region, 2022-2032, $ mn 62
Table 10. Leading National Benchtop Tools Market, 2022 and 2032, $ mn 64
Table 11. North America Benchtop Tools Market by Country, 2022-2032, $ mn 67
Table 12. U.S. Benchtop Tools Market by Product Type, 2022-2032, $ mn 71
Table 13. U.S. Benchtop Tools Market by Application, 2022-2032, $ mn 71
Table 14. U.S. Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 71
Table 15. Canada Benchtop Tools Market by Product Type, 2022-2032, $ mn 73
Table 16. Canada Benchtop Tools Market by Application, 2022-2032, $ mn 73
Table 17. Canada Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 73
Table 18. Mexico Benchtop Tools Market by Product Type, 2022-2032, $ mn 75
Table 19. Mexico Benchtop Tools Market by Application, 2022-2032, $ mn 75
Table 20. Mexico Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 75
Table 21. Europe Benchtop Tools Market by Country, 2022-2032, $ mn 79
Table 22. Germany Benchtop Tools Market by Product Type, 2022-2032, $ mn 81
Table 23. Germany Benchtop Tools Market by Application, 2022-2032, $ mn 81
Table 24. Germany Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 81
Table 25. U.K. Benchtop Tools Market by Product Type, 2022-2032, $ mn 83
Table 26. U.K. Benchtop Tools Market by Application, 2022-2032, $ mn 83
Table 27. U.K. Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 83
Table 28. France Benchtop Tools Market by Product Type, 2022-2032, $ mn 85
Table 29. France Benchtop Tools Market by Application, 2022-2032, $ mn 85
Table 30. France Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 85
Table 31. Spain Benchtop Tools Market by Product Type, 2022-2032, $ mn 87
Table 32. Spain Benchtop Tools Market by Application, 2022-2032, $ mn 87
Table 33. Spain Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 87
Table 34. Italy Benchtop Tools Market by Product Type, 2022-2032, $ mn 89
Table 35. Italy Benchtop Tools Market by Application, 2022-2032, $ mn 89
Table 36. Italy Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 89
Table 37. Netherlands Benchtop Tools Market by Product Type, 2022-2032, $ mn 91
Table 38. Netherlands Benchtop Tools Market by Application, 2022-2032, $ mn 91
Table 39. Netherlands Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 91
Table 40. Benchtop Tools Market in Rest of Europe by Country, 2022-2032, $ mn 93
Table 41. APAC Benchtop Tools Market by Country, 2022-2032, $ mn 96
Table 42. Japan Benchtop Tools Market by Product Type, 2022-2032, $ mn 100
Table 43. Japan Benchtop Tools Market by Application, 2022-2032, $ mn 100
Table 44. Japan Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 100
Table 45. China Benchtop Tools Market by Product Type, 2022-2032, $ mn 102
Table 46. China Benchtop Tools Market by Application, 2022-2032, $ mn 102
Table 47. China Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 102
Table 48. Australia Benchtop Tools Market by Product Type, 2022-2032, $ mn 104
Table 49. Australia Benchtop Tools Market by Application, 2022-2032, $ mn 104
Table 50. Australia Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 104
Table 51. India Benchtop Tools Market by Product Type, 2022-2032, $ mn 106
Table 52. India Benchtop Tools Market by Application, 2022-2032, $ mn 106
Table 53. India Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 106
Table 54. South Korea Benchtop Tools Market by Product Type, 2022-2032, $ mn 108
Table 55. South Korea Benchtop Tools Market by Application, 2022-2032, $ mn 108
Table 56. South Korea Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 108
Table 57. Benchtop Tools Market in Rest of APAC by Country/Region, 2022-2032, $ mn 110
Table 58. South America Benchtop Tools Market by Country, 2022-2032, $ mn 113
Table 59. Argentina Benchtop Tools Market by Product Type, 2022-2032, $ mn 115
Table 60. Argentina Benchtop Tools Market by Application, 2022-2032, $ mn 115
Table 61. Argentina Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 115
Table 62. Brazil Benchtop Tools Market by Product Type, 2022-2032, $ mn 117
Table 63. Brazil Benchtop Tools Market by Application, 2022-2032, $ mn 117
Table 64. Brazil Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 117
Table 65. Colombia Benchtop Tools Market by Product Type, 2022-2032, $ mn 119
Table 66. Colombia Benchtop Tools Market by Application, 2022-2032, $ mn 119
Table 67. Colombia Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 119
Table 68. MEA Benchtop Tools Market by Country, 2022-2032, $ mn 123
Table 69. UAE Benchtop Tools Market by Product Type, 2022-2032, $ mn 125
Table 70. UAE Benchtop Tools Market by Application, 2022-2032, $ mn 125
Table 71. UAE Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 125
Table 72. Saudi Arabia Benchtop Tools Market by Product Type, 2022-2032, $ mn 127
Table 73. Saudi Arabia Benchtop Tools Market by Application, 2022-2032, $ mn 127
Table 74. Saudi Arabia Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 127
Table 75. South Africa Benchtop Tools Market by Product Type, 2022-2032, $ mn 129
Table 76. South Africa Benchtop Tools Market by Application, 2022-2032, $ mn 129
Table 77. South Africa Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 129
Table 78. 3M Company: Company Snapshot 135
Table 79. 3M Company: Business Segmentation 136
Table 80. 3M Company: Product Portfolio 136



Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17
Figure 4. Global Benchtop Tools Market, 2022-2032, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of Global Benchtop Tools Market 29
Figure 7. World Construction Industry, 2019-2030, $ trillion 32
Figure 8. Worldwide B2C E-commerce Market, 2019-2030, $ bn 32
Figure 9. Primary Restraints and Impact Factors of Global Benchtop Tools Market 33
Figure 10. Investment Opportunity Analysis 37
Figure 11. Porter’s Fiver Forces Analysis of Global Benchtop Tools Market 40
Figure 12. Breakdown of Global Benchtop Tools Market by Product Type, 2022-2032, % of Revenue 45
Figure 13. Global Addressable Market Cap in 2023-2032 by Product Type, Value ($ mn) and Share (%) 45
Figure 14. Global Benchtop Tools Market by Product Type: Cutting Tools, 2022-2032, $ mn 46
Figure 15. Global Benchtop Tools Market by Product Type: Drilling Tools, 2022-2032, $ mn 47
Figure 16. Global Benchtop Tools Market by Product Type: Grinding & Sanding Tools, 2022-2032, $ mn 48
Figure 17. Global Benchtop Tools Market by Product Type: Jointers, Planers & Routers, 2022-2032, $ mn 49
Figure 18. Global Benchtop Tools Market by Product Type: Other Products, 2022-2032, $ mn 50
Figure 19. Breakdown of Global Benchtop Tools Market by Application, 2022-2032, % of Sales Revenue 52
Figure 20. Global Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 52
Figure 21. Global Benchtop Tools Market by Application: Residential Use, 2022-2032, $ mn 53
Figure 22. Global Benchtop Tools Market by Application: Commercial Use, 2022-2032, $ mn 54
Figure 23. Global Benchtop Tools Market by Application: Industrial Use, 2022-2032, $ mn 55
Figure 24. Global Benchtop Tools Market by Application: Other Applications, 2022-2032, $ mn 56
Figure 25. Breakdown of Global Benchtop Tools Market by Distribution Channel, 2022-2032, % of Sales Revenue 58
Figure 26. Global Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%) 58
Figure 27. Global Benchtop Tools Market by Distribution Channel: Online Sales, 2022-2032, $ mn 59
Figure 28. Global Benchtop Tools Market by Distribution Channel: Offline Sales, 2022-2032, $ mn 60
Figure 29. Global Market Snapshot by Region 61
Figure 30. Geographic Spread of Worldwide Benchtop Tools Market, 2022-2032, % of Sales Revenue 62
Figure 31. Global Addressable Market Cap in 2023-2032 by Region, Value ($ mn) and Share (%) 63
Figure 32. North American Benchtop Tools Market, 2022-2032, $ mn 66
Figure 33. Breakdown of North America Benchtop Tools Market by Country, 2022 and 2032, % of Revenue 67
Figure 34. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 68
Figure 35. U.S. Benchtop Tools Market, 2022-2032, $ mn 70
Figure 36. Canada Benchtop Tools Market, 2022-2032, $ mn 72
Figure 37. Benchtop Tools Market in Mexico, 2022-2032, $ mn 74
Figure 38. European Benchtop Tools Market, 2022-2032, $ mn 77
Figure 39. Breakdown of European Benchtop Tools Market by Country, 2022 and 2032, % of Revenue 78
Figure 40. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 79
Figure 41. Benchtop Tools Market in Germany, 2022-2032, $ mn 80
Figure 42. Benchtop Tools Market in U.K., 2022-2032, $ mn 82
Figure 43. Benchtop Tools Market in France, 2022-2032, $ mn 84
Figure 44. Benchtop Tools Market in Spain, 2022-2032, $ mn 86
Figure 45. Benchtop Tools Market in Italy, 2022-2032, $ mn 88
Figure 46. Benchtop Tools Market in Netherlands, 2022-2032, $ mn 90
Figure 47. Benchtop Tools Market in Rest of Europe, 2022-2032, $ mn 92
Figure 48. Asia-Pacific Benchtop Tools Market, 2022-2032, $ mn 95
Figure 49. Breakdown of APAC Benchtop Tools Market by Country, 2022 and 2032, % of Revenue 95
Figure 50. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 97
Figure 51. Benchtop Tools Market in Japan, 2022-2032, $ mn 99
Figure 52. Benchtop Tools Market in China, 2022-2032, $ mn 101
Figure 53. Benchtop Tools Market in Australia, 2022-2032, $ mn 103
Figure 54. Benchtop Tools Market in India, 2022-2032, $ mn 105
Figure 55. Benchtop Tools Market in South Korea, 2022-2032, $ mn 107
Figure 56. Benchtop Tools Market in Rest of APAC, 2022-2032, $ mn 109
Figure 57. South America Benchtop Tools Market, 2022-2032, $ mn 112
Figure 58. Breakdown of South America Benchtop Tools Market by Country, 2022 and 2032, % of Revenue 112
Figure 59. Contribution to South America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 113
Figure 60. Benchtop Tools Market in Argentina, 2022-2032, $ mn 114
Figure 61. Benchtop Tools Market in Brazil, 2022-2032, $ mn 116
Figure 62. Benchtop Tools Market in Colombia, 2022-2032, $ mn 118
Figure 63. Benchtop Tools Market in Rest of South America, 2022-2032, $ mn 120
Figure 64. Benchtop Tools Market in Middle East and Africa (MEA), 2022-2032, $ mn 122
Figure 65. Breakdown of MEA Benchtop Tools Market by Country, 2022 and 2032, % of Revenue 122
Figure 66. Contribution to MEA 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 123
Figure 67. Benchtop Tools Market in UAE, 2022-2032, $ mn 124
Figure 68. Benchtop Tools Market in Saudi Arabia, 2022-2032, $ mn 126
Figure 69. Benchtop Tools Market in South Africa, 2022-2032, $ mn 128
Figure 70. Growth Stage of Global Benchtop Tools Industry over the Forecast Period 131

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