A new article from PressureWashr.com unravels the mystery of which power tool brands are owned by who on a global scale.
Ever wondered who owns which power tool brands? So did PressureWashr.com. And they did something about it. This post explains the complex relationships that exist in the hand and power tools industry. They have released two excellent infographics that detail how much revenue the global power tool giants make as well as a who owns who infographic.
The report states, “The findings show the tool industry is mature and highly consolidated. Two companies: Stanley Black & Decker Inc. and Robert Bosch GmbH sit at the top of the tool industry controlling 26% of the global market. They have gained this much control by aggressively acquiring the best most trusted tool brands. It is surprising to find out who owns and who makes well-known brands like Milwaukee, Ridgid, DeWALT and Craftsman.”
Global hand and power tool market valued at $51B
The report goes on to further estimate the total 2017 global market size for hand and power tools to be $51B ($US). Of that number hand tools accounts for $18B and power tools at $33B.
Making up the bulk of this global power tool market number are four top players:
- Stanley Black & Decker Inc. has about 14% with $7.14B in sales
- Bosch has a 12.2% share with sales of $6.6B
- Fortive (spun off of Danaher and owner of Tektronix and Matco Tools) has an 11.8% of share with $6B in sales
- Techtronic Industries Company Limited (TTi) owner of Milwaukee & Ryobi has a 9.88% share on sales of $5.04B
The report has a great number of links to explore the multitude of players in the global tool market. It evens has links to the most popular power tool brands by state, determined by number of tool brand related searches in each state.
Fun reading for those who want to be in the know about power tool brands manufacturers.
Read PressureWashr.com’s complete report here.