Top 18 Companies in The Global Power Tools Industry

Today, we will take a closer look at the global power tools market and reveal the leading companies in the industry. Some of these firms have maintained their leading positions through the exquisite craftsmanship honed over many years, whilst others have risen rapidly through continuous technological innovation and keen market insight. As they drive the progress of the power tools industry, they also bring higher-quality, more efficient products and services to consumers worldwide. Let us take a closer look at these industry leaders and explore the stories behind their success.

 

Techtronic Industries Co., Ltd. , China HongKong

2025 Revenue: US$15.26 billion

Key Brands: MILWAUKEE, RYOBI

Listing Overview: Listed on the Hong Kong Stock Exchange,

Techtronic Industries Co., Ltd. was founded in 1985 by German entrepreneur Horst Julius Pudwill and is a global leader in cordless technology. As a pioneer in power tools, outdoor gardening tools, floor care and cleaning products, Techtronic Industries serves the global professional, industrial, DIY and consumer markets. With a global workforce of over 47,000, the company has consolidated its leading position in the industry through a relentless pursuit of innovation and strategic growth. In 2025, Techtronic Industries achieved a turnover of US$15.26 billion, representing a 4.4% increase from the US$14.622 billion recorded in 2024.

Stanley Black & Decker, Inc., USA

2025 Revenue: US$15.1 billion

Key Brands: DEWALT, BLACK+DECKER

Listing Details: Listed on the US stock market

Stanley Black & Decker is the world’s largest tools and outdoor products company and a leader in industrial solutions, headquartered in the United States. With a history spanning nearly 170 years, Stanley Black & Decker has grown into a world-renowned, highly trusted and high-value global enterprise. The company employs 43,500 diverse, high-performing staff, and its iconic brands include DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, Cub Cadet, Hustler and Troy-Bilt.

 

Hilti, Liechtenstein

2025 Revenue: CHF 6.3 billion (approx. USD 8.115 billion)

Key Brands: HILTI

Listing Status: Not listed

The Hilti Group provides technologically advanced products, systems, software and services to the global construction and energy sectors. With over 34,420 employees in more than 120 countries, Hilti covers the entire value chain, from product development to manufacturing, logistics, sales and service. The Hilti Group continues to strengthen its innovation pipeline, launching over 70 new products and services in 2025. Total investment in research and development amounted to CHF 459 million, representing 7.3% of the Group’s sales. The software business gained further momentum, with annual recurring revenue (ARR) growing by 28.0% and a customer base exceeding 25,000.

 

STIHL, Germany

2024 Revenue: €5.33 billion (approx. US$6.281 billion)

Key Brands: STIHL

Listing Status: Not listed 

The STIHL Group develops, manufactures and sells power-driven equipment for forestry and agriculture, as well as for landscape conservation, the construction industry and private garden owners. The range is complemented by digital solutions and services. In 1926, Andreas Stihl invented the world’s first chainsaw in Cannstatt, Stuttgart, Germany, and began manufacturing chainsaw products. Andreas Stihl revolutionised the forestry industry and transformed the way forestry workers operated, significantly improving work efficiency. He is known worldwide as the ‘Father of the Chainsaw’. As of 2024, the STIHL Group employs 19,732 people. In 2026, STIHL will celebrate its centenary.

 

Bosch Group, Germany

Revenue in 2025: €5 billion (approximately US$5.893 billion)

Key brands: BOSCH

Listing details: Not listed

As a division of the Bosch Group, Bosch Power Tools is a leading global supplier of power tools, garden tools, power tool accessories and measurement technology. With brands such as Bosch and Dremel, the company is customer-focused and committed to technological progress, representing innovation, quality and reliability. With its extensive product range, Bosch provides professional and DIY users worldwide with the tools they need to successfully complete their projects. The company employs approximately 17,300 people globally.

 

Husqvarna Group, Sweden

Revenue in 2025: SEK 46.613 billion (approximately US$5.064 billion)

Key brands: Husqvarna, Gardena

Listing details: Listed on the Stockholm Stock

Exchange Founded in 1689, the Husqvarna Group has grown to become a global leader in the manufacture of innovative products and solutions for the management of forests, parks and gardens. Husqvarna’s diverse product range includes robotic lawnmowers, chainsaws, trimmers, ride-on mowers and watering solutions. The Husqvarna Group is also a leader in construction equipment and diamond tools, as well as diamond tools for the natural stone industry. Husqvarna’s products and solutions are primarily marketed under global brands such as Husqvarna and Gardena, reaching consumers and professional users through direct sales, distributors and retailers in over 100 countries and regions. The Husqvarna Group employs approximately 11,900 people in 40 countries and regions.

 

Makita Corporation, Japan

Revenue for 2025: 777.6 billion yen (approximately US$4.964 billion)

Main brand: Makita

Listing details: Tokyo and Nagoya, Japan; NASDAQ, USA

Makita Corporation is one of the world’s largest manufacturers specialising in professional power tools. Headquartered in Anjo City, Aichi Prefecture, Japan, the company was founded in 1915 and is listed on the stock exchanges in Tokyo and Nagoya, Japan, as well as on the NASDAQ in the USA. It has a registered capital of 24.2 billion yen and employs over 10,000 people across the group. Its core business includes the manufacture and sale of power tools, woodworking machinery, pneumatic tools, and domestic and gardening equipment. Makita operates production facilities in Japan, China and Thailand, with overseas manufacturing accounting for 80% of the Group’s total output. On 31 March 2026, Makita officially announced the acquisition of Panasonic’s power tools business, which generates approximately 260 billion yen in revenue. This acquisition is expected to boost Makita’s revenue for the 2027 financial year and enhance its global market position.

 

Toro, Inc., USA

Revenue in 2025: US$4.51 billion

Key brands: TORO

Listing details: Listed in the USA 

Founded in 1914, Toro Corporation (TORO) is a global supplier of innovative turf equipment, landscaping equipment, rental and construction equipment, irrigation systems and outdoor lighting solutions. It provides outstanding customer service primarily to golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural land. With distributors in 125 countries and regions worldwide, its key brands include Ditch Witch, Exmark, BOSS, American Augers, Ventrac, Subsite Electronics, HammerHead and Trencor.

 

Nippon Koki Holdings Co., Ltd., Japan

2025 Forecast: Approx. US$2 billion

Key Brands: HiKOKI, Metabo

Listing Status: Not listed 

Koki Holdings Co., Ltd. is a Japanese brand specialising in the manufacture of power tools. Formerly known as Hitachi Koki, the company specialises in the production and sale of over 1,300 types of power tools and holds more than 2,500 technical patents. In 2015, Hitachi Koki acquired Metabo, a renowned German power tool brand. In 2017, following a financing-backed acquisition by the US investment firm KKR, Hitachi Koki completed its privatisation and delisted from the Tokyo Stock Exchange, changing its name to Koki Holdings Co., Ltd. in June 2018. Its product portfolio includes well-known brands such as HiKOKI, MetaboHPT, SANKYO, CARAT and Hit-Min. In 2017, Hitachi Koki’s revenue stood at 191.161 billion yen (approximately US$1.3 billion). In 2020, Koki Holdings set a strategic sales target of US$2.7 billion. As of March 2025, Koki Holdings employed 5,898 staff and operated manufacturing facilities in Japan, China and other locations.

 

Panasonic Electric Tools Division, Japan

2025 Revenue: 260 billion yen (US$1.66 billion)

Key Brands: Panasonic

Listing Status: Parent company is listed 

Panasonic Power Tools is a specialist industrial-grade power tools division of the Panasonic Group in Japan, operating under Panasonic Electric Works, with a core focus on factory fastening and industrial assembly. On 31 March 2026, it was announced that the entire power tools business would be sold to Makita. The transaction is expected to be completed in March 2027, with approximately 31,000 employees and all assets being integrated into Makita.

 

Chervon Holdings Limited, China

2025 Revenue: US$1.628 billion

Key Brand: EGO

Listing Status: Listed on the Hong Kong Stock Exchange 

Chervon Holdings is China’s largest global supplier of power tools and outdoor power equipment (OPE). Notably, the company has pioneered innovations in lithium-ion battery technology, being one of the first in the world to commercialise lithium-ion battery-powered tools in 2006 and to launch high-voltage OPE products in 2014. This has enabled Chervon Holdings to grow rapidly and secure a leading position in the global market. Chervon Holdings’ global R&D team is spread across research and development centres in five countries: China, Germany, the United Kingdom, the United States and the Netherlands. Chervon Holdings currently owns five distinct and widely recognised brands – EGO, FLEX, SKIL, Dayou and Xiaoqiang – covering key regions and market segments.

 

Ingco Tools Co., Ltd., China

2025 Revenue: Forecast to exceed 10 billion yuan (approximately over US$1.5 billion)

Main Brands: INGCO

Listing Status: Not listed

Suzhou Yinghe Tools Co., Ltd., headquartered in Suzhou, is dedicated to the research, development, design and global sales of various types of tools (hand tools, power tools, garden tools, pneumatic tools, energy tools, measuring tools, etc.). Yinghe owns its own brands and possesses a professional and robust product R&D team, independently designing and developing products. It has applied for over 700 product patents and owns brands such as INGCO, Total and Wadfow. Furthermore, Yinghe has pioneered a ‘one-stop solution’ sales model for tools, operating over 1,000 stores across more than 100 countries and regions worldwide. It stands as an outstanding example of a domestic manufacturing enterprise successfully expanding its brand overseas and is recognised as a ‘minor powerhouse’ in the tools sector along the Belt and Road.

 

Festo, Germany

Revenue in 2025: Forecast to exceed €1 billion (approximately US$1.2 billion)

Main brand: Festool

Listing status: Not listed

 

The century-long success story of power tool manufacturer Festool began in 1925 in the town of Esslingen on the banks of the Neckar River in Germany. In the early 1950s, the launch of its first orbital sander completely replaced the cumbersome and inefficient sanding work traditionally carried out by hand using sanding blocks. In 2000, the founding family spun off its power tool business from the Festo Group, establishing it as an independent entity operating under the brand name Festool GmbH. In 2025, this power tool brand, headquartered in Wendlingen, celebrated its centenary.

 

Einhell Group, Germany

Revenue for 2025: €11.577 million (approx. US$136.4 million)

Main brand: Einhell

Listing status: Listed

Einhell is a lifestyle battery power platform for the DIY and professional sectors. Einhell stands for unrivalled cordless excellence in the home, garden and leisure sectors. Power X-Change features a single battery that powers over 350 tools, ensuring cordless freedom and complete flexibility. As an internationally successful company based in Landau an der Isar, Bavaria, Einhell sets the standard for performance, durability, quality and safety across all home, gardening and leisure projects. A growing ecosystem, robust products and a visionary concept make Einhell a pioneer in battery technology for all DIY enthusiasts and professionals.

 

Yamabiko Co., Ltd., Japan

Revenue for 2025: 174 billion yen (approximately US$1.111 billion)

Main Brand: ECHO

Listing Status: Listed

Yamabiko Corporation is an outdoor power equipment manufacturer established in 2008 through the merger of Kioritz and Shindaiwa, two renowned Japanese garden machinery companies. Headquartered in Tokyo, Japan, the company specialises in chainsaws, lawnmowers, leaf blowers, generators and welding machines. The company owns brands such as ECHO, Shindaiwa and Kioritz. With professional durability and low-emission engine technology as its core strengths, its products are sold in over 150 countries and regions worldwide, making it a leading global enterprise in the garden and outdoor power equipment sector.

 

Positec Group Limited, China

2025 Revenue: Forecast at US$800–900 million (actual figures may have fallen short)

Main Brands: WORX, Kress

Listing Status: Not listed

Founded in 1994, Positec Group is a global enterprise driven by technological innovation, specialising in the electrification, robotisation and digitalisation of power tools and outdoor power equipment. After three decades of development, the company has established a diversified product portfolio represented by the international premium brands WORX and Kress. Its operations span nearly 70 countries and regions worldwide, with a workforce of over 4,000 employees. Through sustained investment in R&D and innovative breakthroughs, Positec continues to lead the transformation of the tools industry in terms of design aesthetics, power performance and user experience, establishing itself as a pioneering force in the power tools sector that cannot be overlooked.

 

Dongcheng Electromechanical Tools Co., Ltd, China

Revenue in 2025: 6.865 billion yuan (approximately US$1.009 billion)

Main brands: DongCheng, DCK, DCA

Listing status: Not listed 

Founded in 1995, Jiangsu Dongcheng Electric Tools Co., Ltd. is a leading enterprise in China’s power tools industry. The company integrates research and development, production and sales, offering a range of products including power tools, garden tools, hand tools and accessories. These products are widely used in numerous sectors such as building and renovation, home decoration, stone processing, the shipbuilding industry, water conservancy projects, and agriculture, forestry and horticulture. Dongcheng products are available through authorised dealers in major cities across the country and are exported to over 80 countries and regions, with annual sales of complete power tools reaching 29.47 million units. As of 2025, Dongcheng has ranked first in domestic power tool sales for 13 consecutive years and has held the top position in the Chinese market for lithium-ion power tools for five consecutive years, cementing its status as the undisputed leader in China’s power tool industry.

 

Greenworks Co., Ltd., China

2025 Revenue: 5.056 billion yuan (approximately US$743 million)

Main Brand: Greenworks

Listing Status: Listed 

Greenworks (Jiangsu) Co., Ltd. was established in 2002 and has been engaged in the research and development, design, production and sales of new energy garden machinery since 2007. It is one of the leading enterprises in China’s new energy garden machinery industry and has been responsible for or involved in the formulation of seven industry standards. A vertically integrated smart manufacturing system and advanced product R&D and design capabilities form a vital part of Greenworks’ core competitiveness. Greenworks possesses the capability to independently design and manufacture over 80% of its core components, including new energy battery packs, brushless motors, smart controllers and chargers. Currently, Greenworks operates three major manufacturing bases in Changzhou, China, Vietnam and the United States.

 
Note: The US dollar exchange rates above are calculated based on the exchange rates of the respective currencies as at 10 May 2026; there may be corresponding variations.