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Power tools are a type of mechanized tool that is powered by an electric motor or electromagnet and uses a transmission mechanism to drive a working head for operation. They are typically made as handheld, portable devices that are lightweight and convenient to carry. Due to their ability to increase production efficiency several times over compared to hand tools, power tools have been widely used in various fields and have entered household use as well.
Different kinds of power tools
Power tools can be divided into three types: industrial-grade, professional-grade, and general-purpose. Professional-grade products are the most common and have the widest market, but are also the most fiercely competitive area of the power tool industry.
Classification of Power Tools.
The development of power tools has driven the flourishing development of China's electrical industry, with product technology tending to homogenize over the course of development. The concepts of cost-effectiveness and product upgrades have become the mainstream reference standards for consumers.
According to data statistics, as of 2020, the market size of China's power tools industry has reached 80.9 billion RMB, with a compound annual growth rate of 6.9% from 2015-2020. It is expected that by 2025, the market size of China's power tool industry will reach 93.7 billion RMB.
Best Power Tool Brands Around the Globe
Here are some internationally known power tool manufacturers for your reference.
Bosch
1. BOSCH
Bosch, established in Germany in 1886, is a globally renowned manufacturer of electric tools and accessories. The company's product range includes handheld electric tools, tabletop power tools, measuring tools, and electric tool accessories.
Bosch Power Tools
Bosch Electric Tools (China) Co., Ltd. was established in 1995 as a joint venture. In China, Bosch Electric Tools provides a full range of products, including hammer drills, electric hammers, impact screwdrivers, and wrenches, which are suitable for construction, woodworking, manufacturing, and metal processing.
Makita
2. Makita
Makita is the largest electric tool brand in Japan, founded in 1915. The company produces and sells various tools such as electric tools, woodworking machinery, pneumatic tools, and household and gardening machines.
Makita Power Tools
Makita has developed more than 1,000 products, and its professional electric tools are widely used globally, accounting for 59.4% of its revenue. Makita's professional-level electric tool brand has become a market leader in the industry. Additionally, Makita has a significant impact on the Chinese market, where it has been available for over 30 years, with its global production value breaking through USD 4.5 billion.
Hilti
3. Hilit
Hilti, founded in Europe in 1941, is a well-known provider of construction solutions, covering construction tools such as hammer drills, electric hammers, impact screwdrivers, and wrenches. The company's revenue is primarily divided into two parts, electric tools plus accessories, and fasteners and protection systems. In 2019, Hilti established a factory in Suzhou, China, further expanding its reach in the Chinese market.
Stanley Black & Decker
4. Stanley Black & Decker
Stanley Black & Decker is one of the world's top five hardware tool industry giants, established in 1843. The brand has a long history of mergers and acquisitions and has a high degree of global coverage on six continents.
The company's professional-level electric tool brand, DeWalt, has become a market leader in the electric tool industry, offering more than 300 electric tools and over 800 electric tool accessories. Additionally, Stanley Black & Decker has a leading electric tool production facility in Suzhou, China. Since its establishment
5. HIKOKI
HIKOKI, formerly known as Hitachi, is a Japanese electric tool brand established in 1948. It is owned by Hitachi Koki, which specializes in the design, production, and manufacturing of electric tools, engine tools, and life science instruments. HIKOKI has more than 1,300 electric tool products and over 2,500 patented technologies.
In 2016, HIKOKI acquired Metabo, a well-known German electric tool brand, that produces high-quality electric tools with German standards. HIKOKI's product line includes electric tools, engine tools, and life science instruments, and it has over 1,300 electric tool products available in the Chinese market. HIKOKI also has several well-known brands under its umbrella, such as MetaboHPT, Sankyo, Carat, Tanaka, and Hit-Min.
KYNKO
6. KYNKO
KYNKO is a Chinese power tool manufacturer with deep experiences from 1993. Unlike other manufacturers, KYNKO firstly started with the production of spare parts, for example, the commutators and armatures, which help KYNKO master a part of core technology for power tools. Based on this, in 2002, the 1st production line was kicked off officially. KYNKO mainly focuses on manufacturing professional and industrial-level power tools.
Visit Factory VR : https://720yun.com/t/86vksbqyzqw
After almost 30 years’ development, now KYNKO owns 2 production bases of 80,000 square meters, over 600 skilled and 20 production lines. It has been a leading power tool manufacturer in China.
KYNKO Fair
KYNKO has exported to more than 80 countries and areas around the world and has over 1500 dealers. KYNKO's two factory are located in the city of Huian in Fujian province, known as the stone carving capital of China. KYNKO specialize in producing professional power tools for stone-working. KYNKO is extremely good at producing stone and granite working power tools, it is one of the best portable stone&granite power tools manufacturers in China. Its products are renowned for their high quality both domestically and internationally.
KYNKO Power Tools
Great Star Industrial Co., Ltd
7.Great Star Industrial Co., Ltd
Hangzhou Great Star Industrial Co., Ltd. was established in 1993 and is a manufacturing company that integrates research and development, production of tool products, and sales.
The main products of Great Star Industrial include hand tools, lithium battery electric tools, lithium-ion batteries, automotive maintenance tools, lighting tools, garden and outdoor tools, masonry tools, flooring and tile tools, pneumatic tools, and labor protection products. Its famous brands include Workro, Pony, Shop-Vac, LISTA, Arrow, among others.
TTI
8. Techtronic Industries Co. Ltd. (TTI)
Founded in 1985 and headquartered in Hong Kong, Techtronic Industries (TTI) is a leading manufacturer of power tools, outdoor products, and floor care solutions. The company's manufacturing facilities are mainly located in Dongguan, Guangdong Province, China. It was listed on the Hong Kong Stock Exchange in 1990 and is now one of the 50 constituent stocks of the Hang Seng Index.
Over the past few years, TTI has been expanding its business into the electric tool industry through the acquisition of several companies in the industry. Its Milwaukee brand has become one of the most well-known professional tool brands in North America and Australia, while RYOBI has become one of the most well-known household tool brands in these regions.
TTI's main markets are in North America and Europe, accounting for around 92% of its sales revenue. Its products are mainly sold through large retailers and e-commerce websites, with The Home Depot contributing 46.8% of its total revenue. TTI's manufacturing facilities in Dongguan have an annual output value of up to USD 9.8 billion (RMB 68.6 billion) and employ over 48,000 staff.
Positec
9. Positec Power Tools Co. Ltd.
Positec (Suzhou) Power Tools Co. Ltd. was founded in 1994 and is a leading enterprise in the Chinese electric tool industry. The company specializes in innovative tools such as smart lawnmowers, lithium-ion dual-speed brushless drills, and high-pressure washers, and owns well-known brands such as WORX and Kress.
Their products cover categories such as professional power tools, household power tools, garden tools, service robots, and surrounding home products. Positec has its own high-end brands, including Worx, Noesis, and two major overseas acquisition brands, Rockwell and Kress. Its independent brand products are sold in nearly 70 countries and regions around the world. Among these, Worx is positioned as the highest brand in the global DIY market, mainly for the domestic professional tool market.
In 2021, the headquarters of Positec's smart home products business unit was established, covering the research and development, manufacturing, and marketing of household power tools, high-voltage garden tools, and indoor cleaning robot products.
Dong Cheng
10. Dongcheng Power Tools Co., Ltd.
Jiangsu Dongcheng Power Tools Co., Ltd. was founded in 1995 and is one of the backbone enterprises in the domestic electric tool manufacturing industry, producing various types of electric tools, rotors, stators, and other accessories.
Their brands include Dongcheng and DCA, covering full series of electric tools, lithium-ion series, electric tool accessories, garden tools, air compressors, welding machines, among others.
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