US Power Tools

Description

Demand in the US for power tools is anticipated to grow at an annual rate of 3.4%, reaching $13.2 billion by the year 2028. This study discusses the US power tools market, covering electric (both plug-in and battery-powered), pneumatic, hydraulic, powder-actuated, and engine-driven portable power tools, along with their parts and attachments used across various applications. It presents historical data for the years 2013, 2018, and 2023, and provides forecasts for 2028 and 2033, detailing demand in both current and real dollar terms by product type, power source, and market. Additionally, annual data from 2020 to 2027 are included.

The study categorizes power tools and their parts and attachments into several types: drills, hammers, impact wrenches, nailers and staplers, percussion tools, planers and routers, saws, sanders, polishers, grinders, screwdrivers, other power tools, and parts and attachments. Demand is segmented by power source, including electric (plug-in and battery-powered), pneumatic, and hydraulic, powder-actuated, and engine-driven tools. Parts and attachments are detailed for each power source, except for engine-driven tools, which are grouped with the demand for the tools themselves due to their smaller market size.

For the purposes of this study, tools assembled in the US are considered domestic production, regardless of the origin of their components.

Product Code: 4845

1. Executive Summary

2. Short-Term Analysis

Economic Forecast
Short-Term Construction Industry Outlook
Short-Term Power Tools Industry Trends

3. Overview

Study Scope
Historical Market Trends & Growth Factors
Supply & Demand
Trade Balance
Imports
Exports
Shipments
Market Trends: Professional vs. Consumer Tools
Trends in Power Sources
Inflation & Pricing Trends
Global Perspective

4. Factors Impacting Power Tool Demand

Construction Industry Outlook
Technology Trends
Batteries & Charging
Smart Power Tools
Ergonomic Improvements
Brushless Motors
Cordless Compressors
Regulations
Supply Chain Issues
Sustainability Initiatives
Homeownership
Ownership vs. Rentals
Annual Household Income
Age of Head of Household

5. Electric Power Tools

Scope & Product Description
Supply & Demand
Trade Balance
Imports
Exports
Shipments
Plug-In vs. Cordless
Product Comparison
Sales Trends
Market Share
Demand by Type
Drills
Scope & Product Description
Supply & Demand
Foreign Trade
Plug-In vs. Cordless
Suppliers
Saws
Scope & Product Description
Supply & Demand
Foreign Trade
Demand by Type
Plug-In vs. Cordless
Suppliers
Sanders, Polishers, & Grinders
Scope & Product Description
Supply & Demand
Foreign Trade
Demand by Type
Plug-In vs. Cordless
Suppliers
Screwdrivers
Scope & Product Description
Supply & Demand
Foreign Trade
Plug-In vs. Cordless
Suppliers
Impact Wrenches
Scope & Product Description
Supply & Demand
Suppliers
Planers & Routers
Scope & Product Description
Supply & Demand
Suppliers
Hammers
Scope & Product Description
Supply & Demand
Suppliers
Other Electric Tools
Scope & Product Description
Supply & Demand
Suppliers
Parts & Attachments
Scope & Description
Supply & Demand
Saw Blades
Dies & Drill Bits
Batteries
Other Parts & Accessories
Suppliers

6. Pneumatic Tools

Scope & Product Description
Supply & Demand
Trade Balance
Imports
Exports
Shipments
Market Share
Demand by Type
Nailers & Staplers
Scope & Product Description
Supply & Demand
Suppliers
Impact Wrenches
Scope & Product Description
Supply & Demand
Drills & Screwdrivers
Scope & Product Description
Supply & Demand
Percussion Tools
Scope & Product Description
Supply & Demand
Sanders, Polishers, & Grinders
Scope & Product Description
Supply & Demand
Other Pneumatic Tools
Scope & Product Description
Supply & Demand
Parts & Attachments

7. Hydraulic, Powder-Actuated, & Engine-Driven Power Tools

Scope & Product Description
Supply & Demand
Demand by Power Source & Market
Hydraulic Power & Powder-Actuated Tools
Scope & Product Description
Supply & Demand
Engine-Driven Tools

8. Professional Markets

Scope & Market Description
Market Sectors
Demand by Market Sector
Construction
Automotive Aftermarket
Industrial & Other Professional Services
Demand by Power Source

9. Consumer Markets & Insights

Scope & Market Description
Demand by Power Source
Factors Impacting Consumer Purchases of Tools
Important Purchasing Factors
Women Are Using Power Tools More than Ever Before
DIY Ethic Spurred by Online Resources
DIY or DIFM (Do It For Me)?
Consumer Spending Habits
Who Buys Power Tools?
Primary Reasons for Power Tool Purchase
Where Are Consumers Buying Tools?
Most Commonly Used Research Sources
What Sources of Advice Do Consumers Value Most?

10. Distribution Channels

Demand by Distribution Channel
Home Centers
Direct Sales & Distributors
E-Commerce
Hardware Stores
Mass Marketers

11. Industry Structure

Key Findings & Industry Composition
Market Share
Competitive Strategies
Location of Manufacturing Plants: Proximity & Cost Issues
Marketing Strategies: Powerful Brand Names & Comparisons
Mergers & Acquisitions
Private Label
List of Industry Participants

12. Appendix

Report Details
Definitions
Abbreviations
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Macroeconomic Assumptions
Economic Environment
Demographic Trends
Construction Expenditures
Residential Improvement & Repairs
Commercial Building Improvement & Repairs
Housing Completions
Motor Vehicle Industry Overview
Manufacturers' Shipments
Consumer Spending