Market Share of Power Tools Industry
The power tool industry is extremely competitive, with the top five competitors holding close to 75.1% of the market. The market is divided into two sections: the bottom of the pyramid, which includes local and small-scale manufacturers, and the top of the pyramid, which includes key players such as Robert Bosch GmbH, Stanley Black & Decker Inc., Hilti Corporation, Techtronic Industries Co. Ltd, Makita, and others.
Stanley Black & Decker is a market leader in the power tool industry, accounting for more than 28% of total revenue. The firm has a strong brand image and a diversified product line, which includes various power tools for various purposes. The primary focus of Stanley Black & Decker is on innovation and product development, which has helped the firm maintain a competitive advantage in the industry.
Power Tools Market Leaders
-
Stanley Black & Decker, Inc.
-
Robert Bosch GmbH
-
Techtronic Industries Co. Ltd.
-
Makita Corporation
-
Hilti Corporation
*Disclaimer: Major Players sorted in no particular order
