Oscillating Tools Market

Oscillating Tools Market Outlook (2022-2032)

The global oscillating tools market has reached a valuation of US$ 417.3 million in 2022 and is forecast to increase to US$ 687.7 million by 2032, expanding a CAGR of 5.1% during the forecast period (2022-2032).

Demand for oscillating tools is growing steadily as they are mainly used in the commercial sector, where their qualities such as lightweight, compact design, and smooth operation make them immensely popular.

Report Attributes	Details
Oscillating Tools Market Size (2021A)	US$ 395.4 Million
Estimated Market Value (2022E)	US$ 417.3 Million
Forecasted Market Value (2032F)	US$ 687.7 Million
Global Market Growth Rate (2022-2032)	~5.1% CAGR
North America Market Share (2021)	~23.2%
North America Market Growth Rate (2022-2032)	~5% CAGR
United States Market Growth Rate (2022-2032)	~5.1% CAGR
Key Companies Profiled	Black & Decker Colex Desoutter Industrial Tools DEWALT FEIN Festool Porter-Cable Prime Supply Inc Robert Bosch

Oscillating Tool Sales Analysis (2017-2021) Vs. Market Growth Forecasts (2022-2032)

Sales of oscillating tools are expected to increase due to rising demand from the commercial and residential sectors as well as increasing do-it-yourself activities across the world. Users can conduct smooth flash and plunge cutting with an oscillating tool while getting precise and clean results. Oscillating tools are versatile and can be used for a variety of tasks.

The market for oscillating tools is predicted to grow due to advanced technological effects connected to high usage in construction activities and industrial automation industries. Oscillating tools with added features, such as lightweight with compact design, enhanced performance, long runtime, and quick changes of blades & attachments are the prime focus of oscillating tool manufacturers.

Between 2017 and 2021, worldwide sales of oscillating tools increased at 0.8% CAGR, with the market predicted to expand at 5.1% CAGR through 2032.

Why is the Popularity of Oscillating Tools Increasing Rapidly?

“Growing Adoption of Oscillating Tool in Residential and DIY Projects”

Activities such as gardening, carpentry, and plumbing are growing as fewer people choose to outsource these tasks due to the high cost of labor. Additionally, individuals have become more involved in the decision-making process for home decor, which has facilitated the sales of related goods, notably oscillating tools.

The availability of integrated sales channels such as e-Commerce, hypermarkets, and specialized shops, together with changes in lifestyles, is enabling consumers to purchase oscillating tools for their day-to-day décor and household applications.

“Cordless or Corded Oscillating Tools: Consumer Preference?”

New lithium batteries are being used in battery-operated cordless oscillating tools to increase their power and life, which are of course powerful portable hand tools. However, cordless tool batteries need to be replaced after some years of use since they stop holding a charge. The cost of battery replacement can be high.

Oscillating tools that are cordless are often utilized in situations where connecting an extension cord is not problematic. In general, corded oscillating multi-tools are more powerful and never lose power as long as they are plugged in. When using the tool with access to an electrical outlet, a corded variant is the most practical.

All in all, depending on the end-use application, the choice of the oscillating tool varies. While commercial end users are more inclined towards corded tools, residential and DIY purpose tool applications are carried out more using cordless oscillating tools.

“Technological Developments by Oscillating Tool Manufactures”

Developments taking place in oscillating tools are expected to push market growth. Companies such as Black & Decker, Colex, Desoutter Industrial Tools, DEWALT, FEIN, Festool, Porter-Cable, Prime Supply Inc, and Robert Bosch are implementing newer technologies, ensuring better quality and low-cost products.

By allowing end users to operate the tool easily with all the jobs done with the easy switch of attachments, oscillating power tools have filled the gap between heavy power tools. Overall, demand for oscillating tools is expected to grow 1.6X over the decade.

Country-wise Insights

What Factors are Influencing Growth of the Oscillating Tools Market in China?

The oscillating tools market in China accounts for the largest market share of 65.3% in East Asia in 2022 and is poised to register 5.9% CAGR during the forecast period.

Rapid industrialization and increasing applications in the residential and commercial sectors have been driving the demand growth for cordless power tools in the country.

China is expected to play a major role in the growth of the oscillating tools market because of increasing infrastructure developments in the country. There has been a rise in purchasing power besides increasing sales of hand tools through e-Commerce platforms, helped by the COVID-19 pandemic.

Rising popularity of cordless oscillating tools with lightweight and compact designs is expected to drive market growth substantially over the coming years.

Why is the United States a Prominent Market for Oscillating Tool Suppliers?

The U.S. oscillating tools market is anticipated to expand at a CAGR of 5.1% during the forecasted period.

Due to the presence of major businesses that provide lower-priced power equipment, DIY activities are very popular in the United States. Customized DIY kits combined with cutting-edge tools have significantly increased in the United States.

Additionally, as a result of an increase in home decoration activities such as remodeling and renovation, and high disposable income, sales of oscillating tools have witnessed a significant surge in the country.

Category-wise Insights

Why are Cordless Oscillating Tools Highly Favoured across Regions?

Cordless oscillating tools are set to capture 42.2% market share in 2022 and their demand is projected to surge at 7% CAGR over the assessment period.

Market growth is primarily being driven by increasing demand in the commercial and industrial sectors as well as increasing DIY activities.

The quick change accessory system allows the changing of blades quickly and provides easy operations. Cordless oscillating tools are being widely used for trimming pipes, screws, wood, and floorboard. They are also used for household purposes to remove rust from old garden tools and restore them to their glory. The only limitation a cordless multi-tool has is additional battery weight and the need for repeated charging.

Which Oscillation Speed Segment is Driving High Market Revenue?

Demand for 10,000- 15,000 OPM oscillation tools is poised to expand at 5.7% CAGR and create an absolute dollar opportunity of US$ 150.8 million during the assessment period. Rapid technological improvements with several benefits to end users have driven segment expansion.

Cordless brushless oscillating multi-tools enable the cutting of hardwood, plastic, metal, and drywall materials. The ability to cut complex and precise materials increases the productivity of the tool. With superior durability and versatility of the product, these tools are excellent for woodworkers, remodelers, and DIYers.

Competitive Landscape

The global oscillating tools market is moderately fragmented because of the presence of a large number of regional and international players. Strategic alliances, product launches, acquiring technical expertise, partnership agreements, capacity optimization, etc., have driven market growth.

Market players are leveraging economy of scale with low costing as a strategic approach. Market participants are also expanding their product portfolios with the diversification of products based on amperage capacity and oscillation speed.

For Instance:

1. On 15 September 2021, DEWALT announced a new product launch of the 60V MAX Brushless Cordless 7-In FLEXVOLT grinder. It provides 30% more torque than the DCG418 60V MAX FLEXVOLT grinder and has an output of up to 2300 watts.
2. On 21 September 2021, Bosch Power Tools, a global leader in power tools and accessories, introduced its new 12V and 18V cordless sanders. These provide excellent balance and convenience. They allow users to tackle hard-working areas with control, power, and precision.
3. On 14 September 2021, Makita launched the 18V LXT sub-compact brushless starlockmax multi-tool. This new versatile tool comes with performance and speed with low vibration, good efficiency, and reduced noise.

Fact.MR has provided detailed information about the price points of key manufacturers of oscillating tools positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Oscillating Tools Industry Research

• Oscillating Tools Market by Type :

  • Corded Oscillating Tools
  • Cordless Oscillating Tools

• Oscillating Tools Market by Amperage Capacity :

  • Up to 2 Amps
  • 2 - 4 Amps
  • Above 4 Amps

• Oscillating Tools Market by Oscillation Speed :

  • Up to 7500 OPM
  • 7500-10000 OPM
  • 10000- 15000 OPM
  • Above 15000 OPM

• Oscillating Tools Market by End Use :

  • Residential / DIY
  • Commercial & Industrial

• Oscillating Tools Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa