Stanley Black & Decker holds 6% of a fragmented power tools market

The global power tools market is projected to top $64 billion by 2030, with Asia Pacific and the U.S. driving demand. Stanley Black & Decker and Techtronic Industries each held 6% of the market in 2024, according to The Business Research Company.

Why it matters: - The power tools market is moving toward cordless, connected and safer equipment as construction, manufacturing and industrial users look for higher productivity. - The market is still moderately fragmented, which leaves room for competition even as a few brands hold the largest shares. - The segment is projected to exceed $64 billion by 2030, signaling continued demand across construction, automotive, manufacturing and maintenance.

What happened: - The Business Research Company said Stanley Black & Decker and Techtronic Industries each held 6% of the global power tools market in 2024. - Makita held 3% of the market in 2024. - Hilti held 2%. - Snap-on, Robert Bosch, Chervon, Positec, Ingersoll Rand and Atlas Copco each held about 1%. - The report was published Oct. 16, 2026.

The details: - The power tools market is forecast to grow at an 8% compound annual rate through 2030. - Power tools are expected to account for about 53% of the broader electrical and electronics components market by 2030. - Asia Pacific is projected to be the largest regional market by 2030 at $26 billion, up from $17 billion in 2025. - The U.S. is expected to remain the largest single-country market at $16 billion by 2030, up from $11 billion in 2025. - Drilling and fastening tools are expected to lead the market, reaching about $20 billion and representing 31% of the total by 2030. - Sawing and cutting tools and drilling and fastening tools are each projected to add $6 billion in value by 2030. - Material removal tools are expected to rise by $4 billion, demolition tools by $2 billion, and routing and other tools by $1 billion each. - The market is divided by mode of operation into electric, pneumatic and other tools. - Distribution runs through both online and offline channels. - Major application areas include construction, automotive, aerospace, energy and electronics. - Stanley Black & Decker’s tools and outdoor products division covers cordless and corded power tools, fastening systems, cutting tools and accessories for construction, manufacturing, woodworking and industrial maintenance.

Between the lines: - Infrastructure spending in India, semiconductor factory construction in the U.S. and electrification of construction fleets are among the biggest demand drivers. - The report ties India’s infrastructure buildout to about 1.9% annual market growth. - The CHIPS Act and semiconductor megafab construction are linked to about 1.7% yearly growth. - The shift to high-voltage cordless platforms is expected to add about 1.5% annual growth. - The competitive picture suggests scale still matters, but product innovation is becoming a bigger differentiator. - Hilti expanded its Nuron battery platform in October 2025 with more than 60 new tools and accessories, showing how battery ecosystems are becoming a core battleground. - The top 10 companies accounted for 23% of total revenue in 2024, underscoring a market with room for multiple players.

What's next: - More growth is likely to come from cordless platforms, smart tool ecosystems and ergonomic designs that improve safety and precision. - Contractors and industrial buyers are expected to keep shifting toward battery-powered tools that reduce maintenance and improve mobility. - Broader product lines, stronger distribution and regional expansion will remain key strategies for market leaders. - Further collaboration and product upgrades are likely as demand rises for energy-efficient and connected tools.

The bottom line: - Stanley Black & Decker remains a top-tier player in a market that is growing fast but still far from dominated by one company.