Plumbing Power Tools Market - Global Outlook & Forecast 2024-2029

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125 tables

88 charts

5 region

22 countries

25 company

6 segments

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THE GLOBAL PLUMBING POWER TOOLS MARKET SIZE IS EXPECTED TO REACH USD 5.23 BILLION BY 2029 FROM USD 3.87 BILLION IN 2023, GROWING AT A CAGR OF 5.14% DURING THE FORECAST PERIOD.

The Plumbing Power Tools Market Size, Share, & Trends Analysis Report By

  • Category Type: Cordless and Corded
  • Product Type: Plumbing Drills, Plumbing Saws, Plumbing Grinders, and Other Plumbing Power Tools
  • Application: Industrial, Commercial, Residential, and Municipal
  • End-User: Plumbers and Contractors, Maintenance and Repair, and DIY Enthusiastic
  • Distribution Channel: Direct Sales, Retailers, Industrial Distributors, and Online Retailers
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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GLOBAL PLUMBING POWER TOOLS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 5.23 Billion
Market Size (2023)USD 3.87 Billion
CAGR (2023-2029)5.14%
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
SEGMENTS BYCategory Type, Product Type, Application, End-User, Distribution Channel, and Geography
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSStanely Black & Decker, Robert Bosch, Techtronic Industries Co. Ltd, Makita, and Hilti
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MARKET OUTLOOK

The global plumbing power tools market was valued at USD 3.87 billion in 2023 and is expected to reach USD 5.23 billion by 2029, growing at a CAGR of 5.14% during the forecast period. The market includes various specialized plumbing installation tools, repair, and maintenance. These tools are essential for professionals and DIY enthusiasts, facilitating pipe cutting, drilling, threading, and wrenching tasks. The market includes various power tools, such as drills, pipe threaders, wrenches, and saws, all modified to meet plumbing work needs. Furthermore, the plumbing power tools market has seen significant growth driven by continuous technological advancements in power tools, leading to the development of effective and efficient durable tools. Features such as cordless operation, ergonomic designs, and digital interface have enhanced the performance and convenience of plumbing tasks. Additionally, smaller tools can incorporate the best ergonomics practices into the design of a tool, making for a safer work environment for the operator. For instance, in 2023, DEWALT introduced the AHR Expo; this 20V MAX Compact Press Tool features a lightweight inline design ideal for work overhead and one-handed press applications, press tracking software, and TOOL CONNECT software.

The booming urbanization and the growing population have driven the construction industry over the past few decades. The construction industry expects growth due to significant residential, commercial, and infrastructural development opportunities. The growing economies in APAC, such as India, Singapore, Malaysia, and South Korea, are the major countries increasing the number of construction units. Rapid urbanization has increased these emerging economies' housing construction and infrastructural investments. For instance, in India, as per the Union Budget 2023 highlights, the government invested USD 100 billion (10,000 cr) annually in creating urban infrastructure in tier 2 & 3 cities under the Urban Infrastructure Development Fund. Thus, the surging growth in construction activities will attract several key plumbing power tools market players to increase their operations during the forecast period.

MARKET TRENDS & DRIVERS

Rise in DIY Culture
According to the North American Hardware and Paint Association (NHPA), the DIY home improvement market is expected to grow at a CAGR of 24.67% between 2019 and 2024 as many adults actively engage in creative and purposeful leisure pursuits in certain developed economies such as the US and in Europe. Further, owing to the rising personal interest, many consumers invest their time in home improvement and maintenance projects such as fixing cardboard, plumbing, and patching holes. All these activities require a kit containing power tools, including screwdrivers, nut runners, hammers, drillers, and wrenches, which align with the expanding DIY culture among today's generation and subsequently support the plumbing power tools market.

Increasing Home Ownership
Homeownership is progressively gaining momentum in various economies worldwide due to the rising income levels and an increasing standard of living, augmenting the demand for single residential ownership. For instance, in the EU, more than 70% of the total residents are single-ownership residents. The rising number of single residences is expected to increase the home renovation activities undertaken in projects, including bathroom or kitchen renovations, home extensions, or installing new plumbing fixtures, thereby surging the demand for plumbing power tools.

SEGMENTATION INSIGHTS

INSIGHTS BY CATEGORY TYPE
The cordless category type holds the most significant share of the global plumbing power tools market. Cordless plumbing power tools are increasingly gaining momentum in the market due to their convenience over their counterparts. Modern lithium-ion batteries support the growth of these cordless plumbing power tools in the market. Li-ion batteries are lighter than the traditional nickel-cadmium versions and last longer. Moreover, the rising usage of these batteries leads to better economies of scale, thereby reducing the cost of batteries and minimizing the cost of cordless plumbing power tools.

INSIGHTS BY PRODUCT TYPE
The global plumbing power tools market by product type is segmented into plumbing drills, plumbing saws, plumbing grinders, and other plumbing power tools. The plumbing drills segment held the largest global market share in 2023. The increasing demand for plumbing drills is because it is used for a variety of tasks, including drilling holes for pipe installations, driving screws for securing fixtures, and performing general maintenance and repair work. The versatility of power drills makes them essential tools in the plumbing toolkit. Furthermore, the plumbing saws segment is the second-largest segment as these power saws offer versatility in plumbing applications, allowing professionals to cut various materials, including pipes, tubing, and other construction materials. Different types of power saws, such as reciprocating saws, circular saws, and jigsaws, provide plumbers with options suited for different cutting requirements. Power saws significantly reduce the time and effort required for cutting tasks compared to manual cutting methods.

INSIGHTS BY APPLICATION
In 2023, the industrial end-user segment of major contributors, such as manufacturing plants, generated the maximum revenue in the global plumbing power tools market. The scenario is expected to remain consistent throughout the forecast period due to the rising industry demands for maintenance and repair tools. Plumbing power tools in manufacturing plants have become increasingly prevalent due to their efficiency, precision, and speed benefits. These tools are crucial in various manufacturing processes within the plumbing industry. Power pipe threaders are employed to mass-produce pipes with threaded connections. They allow for the rapid and consistent creation of threaded ends on pipes, streamlining manufacturing processes; as manufacturing plants seek to increase production efficiency and output, the demand for power pipe threaders has risen. These tools enable manufacturers to meet high-volume demands in a timely and cost-effective manner.

INSIGHTS BY END-USER
The global plumbing power tools market by end-user is segmented into plumbers and contractors, maintenance and repair, and DIY enthusiasts. In 2023, plumbers and contractors dominated the global market in the end-user segment as they were professionals who indulged in plumbing jobs. Plumbers use plumbing power tools as integral components of their daily work. Power tools enhance their efficiency, accuracy, and overall productivity, allowing them to handle various tasks. Conversely, contractors oversee larger construction projects and coordinate various aspects of the building process, including plumbing installations. They may work with plumbers as part of a broader team, ensuring that plumbing systems align with the overall construction plan.

INSIGHTS BY DISTRIBUTION CHANNEL
The global plumbing power tools market by distribution channel is segmented into direct sales, retailers, industrial distributors, and online retailers. In 2023, the direct sales distribution channel dominated the market share. Direct sales for plumbing power tools represent a business model where manufacturers or dedicated distributors sell their products directly to end-users, bypassing traditional retail channels. The direct sales offer manufacturers more control over various aspects of the business. This includes pricing strategies, promotions, and the ability to tailor products or services to specific customer needs. By managing the entire sales process, manufacturers can establish a closer connection with their customer base, gaining insights through direct feedback and improving products based on real-time information.

GEOGRAPHICAL ANALYSIS

North America dominated the global plumbing power tools market, valued at over USD 1.39 billion in 2023. The demand for plumbing power tools in North America is experiencing significant growth due to the large construction industry. North America accounts for a significant share of the global market owing to the large penetration of commercial and residential sectors and the high disposable income of consumers. Also, the rising construction and infrastructure projects across the region require plumbing installations and maintenance, thereby driving the demand for advanced plumbing power tools. Furthermore, APAC is growing at the highest CAGR in the global plumbing power tools market during the forecast period because of the growing construction industry in emerging economies such as India and China. Also, the increasing purchasing power of consumers and the rising practice of DIY among young consumers will drive market growth in the APAC region.

COMPETITIVE LANDSCAPE

The global plumbing power tools market is highly competitive owing to the continuous launch of new technologies due to ongoing R&D and efforts by value chain participants. For instance, in 2023, DEWALT (Stanley Black & Decker) announced its 20V MAX Compact Press Tool (DCE210) for plumbers and pipefitters. This press tool offers versatility, allowing for trouble-free pressing in small spaces in a compact design. Moreover, key players are adopting various business growth strategies to expand their presence on regional and global bases. Some of the players operating in the global plumbing power tools market are Apex Tool Group LLC, Techtronic Industries Co. Ltd, Hilti Corporation, Stanley Black & Decker, Robert Bosch, Koki Holdings Co., Ltd., and Makita Corporation.

Frequently Asked Questions

How big is the plumbing power tools market?

The global plumbing power tools market was valued at USD 3.87 billion in 2023 and is expected to reach USD 5.23 billion by 2029.

What is the growth rate of the global plumbing power tools market?

The global plumbing power tools market is expected to grow at a CAGR of 5.14% from 2023 to 2029.

Which region dominates the global plumbing power tools market share?

North America held the largest global plumbing power tools market share, valued at over USD 1.39 billion in 2023.

Who are the key players in the global plumbing power tools market?

Stanely Black & Decker, Robert Bosch, Techtronic Industries Co. Ltd, Makita, and Hilti are key players in the global plumbing power tools market.

What are the significant trends in the plumbing power tools industry?

Growth in demand for gas pipelines, rise in DIY culture, and advances in lithium battery technologies are significant trends in the plumbing power tools industry.

The global plumbing power tools market size is expected to grow at a CAGR of approximately 5.14% from 2023 to 2029.

The following factors are likely to contribute to the growth of the global plumbing power tools market during the forecast period:

  • Increase in Home Ownership
  • Growth in the Dominance of Asian Manufacturers
  • Growth in the Construction Industry

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global plumbing power tools market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

  • Stanely Black & Decker
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • Robert Bosch
  • Techtronic Industries Co. Ltd
  • Makita
  • Hilti

Other Prominent Vendors

  • MFG Tools
    • Business Overview
    • Product Offerings
  • Rothenberger
  • APEX Tool Group
  • Koki Holdings
  • Positec
  • General Pipe Cleaners
  • Chervon
  • C. & E. FEIN GMBH
  • AIMCO
  • URYU SEISAKU
  • INTERSKOL
  • Festool
  • Panasonic
  • Jiangsu Dongcheng M&E Tools Co., Ltd
  • DiversiTech Global
  • Total Power Tools
  • KYOCERA Corporation
  • Dynabrade
  • New Pig Corporation
  • KNIPEX

Segmentation by Category Type

  • Cordless
  • Corded

Segmentation by Product Type

  • Plumbing Drills
  • Plumbing Saws
  • Plumbing Grinders
  • Other Plumbing Power Tools

Segmentation by Application

  • Industrial
  • Commercial
  • Residential
  • Municipal

Segmentation by End-User

  • Plumbers and Contractors
  • Maintenance and Repair
  • DIY Enthusiastic

Segmentation by Distribution Channel

  • Direct Sales
  • Retailers
  • Industrial Distributors
  • Online Retailers

Segmentation by Geography

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • Netherlands
    • Belgium
  • APAC
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Turkey

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Frequently Asked Questions

How big is the plumbing power tools market?

The global plumbing power tools market was valued at USD 3.87 billion in 2023 and is expected to reach USD 5.23 billion by 2029.

What is the growth rate of the global plumbing power tools market?

The global plumbing power tools market is expected to grow at a CAGR of 5.14% from 2023 to 2029.

Which region dominates the global plumbing power tools market share?

North America held the largest global plumbing power tools market share, valued at over USD 1.39 billion in 2023.

Who are the key players in the global plumbing power tools market?

Stanely Black & Decker, Robert Bosch, Techtronic Industries Co. Ltd, Makita, and Hilti are key players in the global plumbing power tools market.

What are the significant trends in the plumbing power tools industry?

Growth in demand for gas pipelines, rise in DIY culture, and advances in lithium battery technologies are significant trends in the plumbing power tools industry.