The 10 Largest Tool Companies in the World by Revenue (And Why It’s a Problem!)
The Largest Tool Companies and Their Market Power
The largest tool companies dominate the industry, owning many of the brands professionals and DIYers trust. But are these companies really competing, or are they controlling the market under different brand names?
Why the Largest Tool Companies Matter
This article ranks the largest tool companies by revenue and uncovers their impact on pricing, competition, and innovation. We’ll expose who owns which tool brands, how the largest tool companies shape the market, and why their growing influence might limit consumer choice.
The 10 Largest Tool Companies in the World by Revenue
The largest tool companies dominate the market, owning multiple brands and shaping the industry. This section ranks the top 10 largest tool companies by revenue, detailing their ownership, brand influence, and impact on competition.
10-Apex Tool Group – $1.3 Billion
📌 Overview: Apex Tool Group manufactures hand tools and industrial power tools, supplying private-label tools to retailers.
- Notable Brands: GearWrench, Crescent, Weller, Lufkin, SATA, Cleco, Campbell Chain
- Revenue: $1.3 billion (2023)
- Market Impact: Apex produces many private-label tools, making it a silent giant in the industry.
📌 Watch our in-depth tool industry analysis.
9-Koki Holdings Co., Ltd. – $1.3 Billion
📌 Overview: Previously Hitachi Koki, this Japanese company was rebranded after being acquired by investment firm KKR.
- Notable Brands: Metabo HPT, Metabo
- Revenue: $1.3 billion (2023)
- Market Impact: Competes with Makita and Milwaukee in the professional tool sector.
8-Makita Corporation – $5.04 Billion
📌 Overview: Makita is one of the few largest tool companies that only sells under its own name, focusing entirely on professional-grade power tools.
- Notable Brands: Makita (No sub-brands)
- Revenue: $5.04 billion (2023)
- Market Impact: Makita is a global leader in cordless tools for professionals and tradesmen.
7-Husqvarna Group – $5.07 Billion
📌 Overview: Husqvarna is a Swedish manufacturer specializing in outdoor power equipment and robotic lawnmowers.
- Notable Brands: Husqvarna, Gardena, McCulloch
- Revenue: $5.07 billion (2023)
- Market Impact: Competes directly with Stihl in the professional and homeowner landscaping markets.
6-Stihl – $5.46 Billion
📌 Overview: Stihl specializes in chainsaws, blowers, and outdoor power tools, focusing on professional-grade performance.
- Notable Brands: Stihl
- Revenue: $5.46 billion (2023)
- Market Impact: Stihl controls pricing and distribution by selling exclusively through independent dealers.
📌 Learn about the best Stihl chainsaws and trimmers.
5-Chervon Holdings – $9.9 Billion
📌 Overview: Chervon Holdings is a Chinese power tool manufacturer gaining market share with its innovative battery-powered tool brands.
- Notable Brands: EGO, FLEX, SKIL (North America), DEVON, X-TRON
- Revenue: $9.9 billion (2023)
- Market Impact: EGO’s battery-powered outdoor tools have made a major impact in replacing gas-powered equipment.
4-Stanley Black & Decker – $13.58 Billion
📌 Overview: Stanley Black & Decker owns some of the most recognizable power tool and hand tool brands in the world.
- Notable Brands: DEWALT, Craftsman, Black+Decker, Cub Cadet, Stanley
- Revenue: $13.58 billion (2023)
- Market Impact: DEWALT and Craftsman control major portions of the professional and homeowner tool markets.
3-Techtronic Industries (TTI) – $13.7 Billion
📌 Overview: TTI is one of the largest tool companies in the world, known for its leadership in cordless power tool technology.
- Notable Brands: Milwaukee, Ryobi (Licensed), AEG, Hoover, Dirt Devil
- Revenue: $13.7 billion (2023)
- Market Impact: TTI’s Milwaukee and Ryobi brands have changed the industry with battery-powered tools and jobsite innovation.
2-3M – $24.58 Billion
📌 Overview: 3M is not just a tool company—it dominates the abrasives, adhesives, and protective gear markets used in construction and manufacturing.
- Notable Brands: Scotch, Post-it, Command, Filtrete, Nexcare
- Revenue: $24.58 billion (2023)
- 3M’s abrasives and adhesives are used across multiple industries, affecting everything from sanding to industrial safety.
1-Robert Bosch GmbH – $98.92 Billion
📌 Overview: Robert Bosch GmbH is the largest tool company in the world by revenue, with a dominant presence in power tools, industrial equipment, and home appliances.
- Notable Brands: Bosch Power Tools, Dremel, Freud, Diablo, RotoZip
- Revenue: $98.92 billion (2023)
- Market Impact: Bosch’s control over premium power tools and cutting accessories makes it a global industry leader.
How the Largest Tool Companies Shape the Industry
Market Consolidation → Fewer independent brands mean less competition.
- Pricing Control → Fewer companies dictate pricing across all brands.
- Battery Platform Wars → Proprietary battery systems limit cross-compatibility.
- OEM Manufacturing → Many brands use the same factories, reducing real choice.
📌 Learn how tool battery platforms affect the industry here.
Tool Companies FAQ
- Q: What is the largest tool company in the world?
- A: Robert Bosch GmbH, with nearly $99 billion in revenue.
- Q: Who owns Milwaukee tools?
- A: Milwaukee is owned by Techtronic Industries (TTI).
- Q: Is Ryobi owned by Milwaukee?
- A: No, but both Ryobi and Milwaukee are owned by TTI.
- Q: Who owns DEWALT tools?
- A: Stanley Black & Decker owns DEWALT.
- Q: What tool brands does Bosch own?
- A: Bosch owns Dremel, Freud, Diablo, and RotoZip.
📌 Find more tool industry breakdowns.
Final Thoughts on the Largest Tool Companies
The largest tool companies own more than most consumers realize. Whether you buy Milwaukee, Ryobi, or DEWALT, chances are, you're still buying from the same corporate giant.