Study #: 3628 | Published: 06/2018 | Pages: 209 | Individual User License: US$ 5,000

This report encompasses electric (plug-in and battery-powered), pneumatic, and other (hydraulic, powder-actuated, and engine-driven) portable power tools, parts, and attachments for them that are used in a variety of applications. Types of power tools include:

  • drills
  • hammers
  • impact wrenches
  • nailers and staplers
  • percussion tools
  • planers and routers
  • saws
  • sanders, polishers, and grinders
  • screwdrivers
  • other power tools such as cutting tools, engravers, glue guns, leveling devices, lubricating equipment, nibblers, nutrunners, riveters, and shears

Parts and attachments included are batteries, battery chargers, chiseling tools, dies, drill bits, drill chucks, driver bits, dust collection systems, grinding discs, hammer heads, sanding belts, sanding pads, and saw blades.

US demand for power tools is forecast to rise 3.9% annually through 2022. To capitalize on growth, it is important to recognize the key factors driving increases and the markets in which their impact is strongest.


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Power Tools

Power Tools in the US: Demand, Trends, Companies & Scope

This report encompasses electric (plug-in and battery-powered), pneumatic, and other (hydraulic, powder-actuated, and engine-driven) portable power tools, parts, and attachments for them that are used in a variety of applications.

Types of power tools and their parts and attachments include:

  • drills
  • hammers
  • impact wrenches
  • nailers and staplers
  • percussion tools
  • planers and routers
  • saws
  • sanders, polishers, and grinders
  • screwdrivers
  • other power tools such as cutting tools, engravers, glue guns, leveling devices, lubricating equipment, nibblers, nutrunners, riveters, and shears
  • parts and attachments such as batteries, battery chargers, chiseling tools, dies, drill bits, drill chucks, driver bits, dust collection systems, grinding discs, hammer heads, sanding belts, sanding pads, and saw blades

Sources & Scope

Both primary and secondary data are used in the production of this Study. While primary information was gathered through consultations with marketing/technical personnel of participating companies, secondary data and background information were derived from numerous trade publications, including:

  • ASSEMBLY Magazine
  • Builder
  • The Fabricator
  • HBS Dealer
  • HomeWorld Business
  • Industrial Supply
  • Popular Wookworking
  • Tools of the Trade

Corporate annual reports, SEC Form 10-K filings, product catalogs, and other company information were also used extensively in framing the industry and market environments and as input for market size assessments.

Power drills and other tools

The Economy's Role in Power Tools Demand

  • Professionals seek out cordless power tool when going to  purchase.
  • Changing behaviors of women are seeing them use more power tools now than ever before. 
  • As more content like how-to videos are added online, a growing number of people are seeking to do their own DIY projects.

How is the power tools economy responding to these trends? 

  • More technological advances are being made to extend the line of cordless power tools.
  • Places like Home Depot are adding classes specifically aimed at teaching women to become hands-on learning.
  • Online outlets are providing practical instruction and support the new DIY ethic.

Who Buys Power Tools?

One-quarter of the population reported buying a power tool or accessory in the last year, reflecting the popularity of power tools among the population, as well as increased purchase rates in 2017 amid sanguine economic factors. Consumers living in rural or suburban areas were more likely to purchase power tools, as they are more likely to live in houses rather than apartments or condos that may have restrictions on home customization.

This Study will report more details on age of consumers likely to make these purchases by home environment, gender, age, marital status & children.

Where are the Best Opportunities for Growth?

Electric power tools are more popular than pneumatic tools, but both have opportunities for growth, especially in the professional market. As far as international trade, China is the largest source of US power tool imports due to the country’s lower labor costs and extensive manufacturing infrastructure. 

This Study provides a more thorough analysis of opportunities by electric power tools, pneumatic & other power tools, markets, and distribution channels.


Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Consumer Trends

Overview

Women Using More Power Tools Than Ever Before

DIY Ethic & Online Resources

Purchasing Trends

Overview

Power Tool Quality & Consumer Spending Habits

Who Buys Power Tools?

Products Most Commonly Purchased

Brands

Retail Outlets

Research Sources Before Purchase

Value of Research Sources

New Technology Developments

Overview

Batteries & Charging

Brushless Motors

Smart Power Tools

Ergonomic Improvements

Pricing Trends

Supply & Demand Overview

Trade Overview

ELECTRIC POWER TOOLS

Key Findings

Demand Overview

Shipments

Suppliers & Brands

Imports

Exports

Plug-In Versus Cordless

Overview

Demand Forecast

Demand by Type

Overview

Drills

Product Description

Supply & Demand

Foreign Trade

Plug-In Versus Cordless

Suppliers

Saws

Product Description

Supply & Demand

Foreign Trade

Demand by Type

Plug-In Versus Cordless

Suppliers

Sanders, Polishers, & Grinders

Product Description

Supply & Demand

Foreign Trade

Demand by Product

Plug-In Versus Cordless

Suppliers

Screwdrivers

Product Description

Supply & Demand

Foreign Trade

Plug-In Versus Cordless

Suppliers

Impact Wrenches

Product Description

Supply & Demand Trends

Suppliers

Planers & Routers

Product Description

Supply & Demand Trends

Suppliers

Hammers

Product Description

Supply & Demand Trends

Suppliers

Other Electric Tools

Scope

Supply & Demand Trends

Suppliers

Parts & Attachments

Scope

Supply & Demand

Saw Blades

Dies & Drill Bits

Other Parts & Accessories

Suppliers

PNEUMATIC & OTHER POWER TOOLS

Key Findings

Supply & Demand

Overview

Imports

Exports

Pneumatic Power Tools

Product Description

Supply & Demand

Suppliers

Nailers & Staplers

Product Description

Supply & Demand

Demand by Type

Suppliers

Impact Wrenches

Product Description

Supply & Demand

Suppliers

Drills & Screwdrivers

Product Description

Supply & Demand

Suppliers

Percussion Tools

Product Description

Supply & Demand

Sanders, Polishers, & Grinders

Product Description

Supply & Demand

Suppliers

Other Pneumatic Tools

Parts & Attachments

Other Power Tools

Overview

Hydraulic Power Tools

Powder-Actuated Tools

Engine-Driven Tools

MARKETS

Key Findings

Market Outlook

Scope

Demand Forecast

Professional Demand

Overview

Demand by Power Source

Construction

Automotive Aftermarket

Industrial & Other Professional Services

Scope

Demand Forecast & Analysis

Consumer Demand

Scope

Demand Forecast & Analysis

Suppliers

DISTRIBUTION CHANNELS

Key Findings

Sales by Distribution Channel

Channel Overview

Home Centers

Direct Sales & Distributors

Scope

Sales Forecast & Analysis

Hardware Stores

E-Commerce

Mass Marketers

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

Competitive Strategies

Overview

Location of Manufacturing Plants: Proximity & Cost Issues

Marketing Strategies: Powerful Brand Names & Comparisons

Cooperative Agreements

Mergers & Acquisitions

Private Label

List of Industry Participants

APPENDIX

Scope

Methodology

Sources

Associations & Agencies

Related Freedonia Group Studies

Definitions

Abbreviations

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Construction Expenditures

Residential Improvements & Repairs

Commercial Building Improvements & Repairs

Housing Completions

Motor Vehicle Industry Overview

Professional Employment Overview

Manufacturers' Shipments

Consumer Spending


List of Tables

OVERVIEW

Table 2-1 | Consumer Views on Home Improvement & Power Tools (percent of respondents)

Table 2-2 | Consumer Views on Power Tool Quality & Consumer Spending Habits (percent of respondents)

Table 2-3 | Consumer Purchasing Behavior: "Did you buy power tools (electric, gas, battery) or power tool accessories in the last 12 months?" by Home Environment, Gender, Age, Marital Status, & Children (percent of respondents)

Table 2-4 | Consumer Purchases by Product: "Please indicate which power tool(s) or power tool accessories you bought in the last 12 months."

Table 2-5 | Consumer Brand Ownership (selected brands)

Table 2-6 | Consumer Purchases by Type of Store: "Where did you purchase the power tools or accessories?"

Table 2-7 | Consumer Purchases by Research Source: "What materials did you use to research the tools before your purchase?"

Table 2-8 | Consumer Purchases by Source of Research: "Which source of information was most helpful in deciding which tool to purchase?"

Table 2-9 | Price Deflator for Power Tools, 2007 - 2022 (2009=100)

Table 2-10 | Power Tool Supply & Demand by Power Source, 2007 - 2022 (million dollars)

Table 2-11 | Power Tool Trade, 2007 - 2022 (million dollars)

ELECTRIC POWER TOOLS

Table 3-1 | Electric Power Tool Supply & Demand, 2007 - 2022 (million dollars)

Table 3-2 | Selected Electric Power Tool Brands

Table 3-3 | Characteristics of Plug-In & Cordless Tools

Table 3-4 | Electric Power Tool Demand by Power Source, 2007 - 2022 (million dollars)

Table 3-5 | Electric Power Tool Supply & Demand, 2007 - 2022 (million dollars)

Table 3-6 | Electric Drill Supply & Demand by Power Source, 2007 - 2022 (million dollars)

Table 3-7 | Key Suppliers of Electric Drills to the US Market

Table 3-8 | Electric Saw Supply & Demand by Power Source & by Type (million dollars)

Table 3-9 | Key Suppliers of Electric Saws to the US Market

Table 3-10 | Electric Sanders, Polishers, & Grinders Supply & Demand by Product & by Power Source (million dollars)

Table 3-11 | Electric Screwdriver Supply & Demand by Power Source, 2007 - 2022 (million dollars)

Table 3-12 | Electric Impact Wrench Supply & Demand by Power Source, 2007 - 2022 (million dollars)

Table 3-13 | Electric Planer & Router Supply & Demand by Power Source (million dollars)

Table 3-14 | Electric Hammer Supply & Demand by Power Source (million dollars)

Table 3-15 | Other Electric Power Tools Supply & Demand by Power Source, 2007 - 2022 (million dollars)

Table 3-16 | Electric Power Tool Parts & Attachments Supply & Demand, 2007 - 2022 (million dollars)

PNEUMATIC & OTHER POWER TOOLS

Table 4-1 | Pneumatic & Other Power Tool Supply & Demand, 2007 - 2022 (million dollars)

Table 4-2 | Pneumatic Power Tool Supply & Demand by Type (million dollars)

Table 4-3 | Selected Pneumatic Power Tool Brands

Table 4-4 | Pneumatic Nailer & Stapler Supply & Demand by Product, 2007 - 2022 (million dollars)

Table 4-5 | Pneumatic Impact Wrench Supply & Demand, 2007 - 2022 (million dollars)

Table 4-6 | Pneumatic Drill & Screwdriver Supply & Demand, 2007 - 2022 (million dollars)

Table 4-7 | Pneumatic Percussion Tool Supply & Demand (million dollars)

Table 4-8 | Pneumatic Sander, Polisher, & Grinder Supply & Demand (million dollars)

Table 4-9 | Other Pneumatic Tool Supply & Demand, 2007 - 2022 (million dollars)

Table 4-10 | Pneumatic Tool Parts & Attachments Supply & Demand, 2007 - 2022 (million dollars)

Table 4-11 | Other Power Tool Supply & Demand by Power Source, 2007 - 2022 (million dollars)

MARKETS

Table 5-1 | General Purchase Characteristics of Professional Versus Consumer Users of Power Tools

Table 5-2 | Power Tool Demand by Market, 2007 - 2022 (million dollars)

Table 5-3 | Professional Power Tool Demand by Sector & Product, 2007 - 2022 (million dollars)

Table 5-4 | Professional Power Tool Demand by Power Source, 2007 - 2022 (million dollars)

Table 5-5 | Construction Power Tool Demand, 2007 - 2022 (million dollars)

Table 5-6 | Automotive Aftermarket Power Tool Demand, 2007 - 2022 (million dollars)

Table 5-7 | Industrial & Other Professional Power Tool Demand, 2007 - 2022 (million dollars)

Table 5-8 | Consumer Power Tool Demand by Product, 2007 - 2022 (million dollars)

Table 5-9 | Consumer Power Tool Demand by Power Source, 2007 - 2022 (million dollars)

DISTRIBUTION CHANNELS

Table 6-1 | Power Tool Sales by Distribution Channel, 2007 - 2022 (million dollars)

INDUSTRY STRUCTURE

Table 7-1 | US Power Tool Sales by Company, 2017

Table 7-2 | Selected Cooperative Agreements

Table 7-3 | Selected Acquisitions & Divestitures

Table 7-4 | Private Label Power Tool Brands & Product Types

APPENDIX

Table 8-1 | Relevant Industry Codes

Table 8-2 | Abbreviations & Acronyms Used in Study

Table 8-3 | Macroeconomic Indicators, 2007 - 2022 (billion 2009 dollars)

Table 8-4 | Population & Households, 2007 - 2022 (million persons)

Table 8-5 | Construction Expenditures, 2007 - 2022 (billion dollars)

Table 8-6 | Residential Improvement & Repair Expenditures, 2007 - 2022 (billion dollars)

Table 8-7 | Commercial Building Improvement & Repair Expenditures, 2007 - 2022 (billion dollars)

Table 8-8 | New Housing Indicators, 2007 - 2022 (thousand units)

Table 8-9 | Motor Vehicle Indicators, 2007 - 2022 (thousand units)

Table 8-10 | Professional Employment Indicators, 2007 - 2022 (million persons)

Table 8-11 | Manufacturers' Shipments, 2007 - 2022 (billion dollars)

Table 8-12 | Personal Consumption Expenditures, 2007 - 2022 (billion dollars)


List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | US Power Tools Market

OVERVIEW

Figure 2-1 | Key Trends in the US Power Tools Market

Figure 2-2 | DIY Workshops for Women - Marketing Example

Figure 2-3 | Pinterest DIY Furniture Projects

Figure 2-4 | Battery Technology Development Example - New for 2018

Figure 2-5 | Wireless Charging Technology Development - Product Examples

Figure 2-6 | Smart Technology - Product Example

Figure 2-7 | Ergonomic Improvement - Product Example

ELECTRIC POWER TOOLS

Figure 3-1 | Key Trends in US Electric Power Tools

Figure 3-2 | Electric Power Tool Demand, 2007 - 2022 (million dollars)

Figure 3-3 | Electric Tool Imports by Source, 2017 (billion dollars)

Figure 3-4 | Electric Tool Imports by Source, 2007 - 2017 (million dollars)

Figure 3-5 | Electric Tool Exports by Destination, 2017 (million dollars)

Figure 3-6 | Cordless Share of Electric Power Tool Demand by Product, 2017 (% cordless)

Figure 3-7 | Electric Power Tool Value Demand Share by Power Source, 2007 - 2022

Figure 3-8 | Electric Power Tool Demand by Type, 2017 - 2022 (million dollars)

Figure 3-9 | Cordless Drill Product Example

Figure 3-10 | Electric Drill Imports by Source, 2017 (million dollars)

Figure 3-11 | Cordless Hammer Drill Product Example - New for 2018

Figure 3-12 | Types of Electric Saws - Product Examples

Figure 3-13 | Types of Electric Saws - Product Examples (continued)

Figure 3-14 | Electric Saw Imports by Source, 2017 (million dollars)

Figure 3-15 | Cordless Saw Product Example - New for 2018

Figure 3-16 | Sanders, Polishers, & Grinders - Product Examples

Figure 3-17 | Electric Sanders, Polishers, & Grinders Demand by Product, 2017 - 2022 (million dollars)

Figure 3-18 | Electric Sander, Grinder, & Polisher Imports by Source, 2017 (million dollars)

Figure 3-19 | Cordless Grinder Product Example - New for 2018

Figure 3-20 | Cordless Screwdriver Product Example

Figure 3-21 | Electric Screwdriver Imports by Source, 2017 (million dollars)

Figure 3-22 | Cordless Impact Wrench Product Example

Figure 3-23 | Planers & Routers - Product Examples

Figure 3-24 | Plug-In Hammer Product Example

Figure 3-25 | Other Electric Tools - Product Examples

Figure 3-26 | Saw Blade - Product Example

Figure 3-27 | Drill Bit Set - Product Example

PNEUMATIC & OTHER POWER TOOLS

Figure 4-1 | Key Trends in US Pneumatic & Other Power Tools

Figure 4-2 | Pneumatic & Other Power Tool Demand, 2007 - 2022 (million dollars)

Figure 4-3 | Pneumatic & Other Power Tools Imports by Source, 2017 (million dollars)

Figure 4-4 | Pneumatic & Other Power Tools Imports by Source, 2007 - 2017 (million dollars)

Figure 4-5 | Pneumatic & Other Power Tools Exports by Destination, 2017 (million dollars)

Figure 4-6 | Pneumatic Power Tool Demand by Type, 2017 - 2022 (million dollars)

Figure 4-7 | Pnematic Nailer Product Example

Figure 4-8 | Pneumatic Nailer Technology - Marketing Example

Figure 4-9 | Pneumatic Impact Wrench Product Example

Figure 4-10 | Pneumatic Drill Product Example

Figure 4-11 |Pneumatic Chipping Hammer Product Example

Figure 4-12 | Pneumatic Grinder Product Example

Figure 4-13 | Pneumatic Riveter Product Example

Figure 4-14 | Underwater Hydraulic Grinder Product Example

Figure 4-15 | Powder-Actuated Nailer Product Example

Figure 4-16 | Gas-Powered Framing Nailer Product Example

MARKETS

Figure 5-1 | Key Trends in US Power Tool Markets

Figure 5-2 | Power Tool Demand by Market, 2007 - 2017 (million dollars)

Figure 5-3 | Example of Construction Application for Cordless Tool Attachment - New for 2018

Figure 5-4 | Construction Power Tool Value Demand Share by Power Source, 2007 - 2022

Figure 5-5 | Example of Automotive Application for Cordless Tool

Figure 5-6 | Automotive Aftermarket Power Tool Value Demand Share by Power Source, 2007 - 2022

Figure 5-7 | Bosch Plug-In Jigsaw Used in Woodworking on Howcast YouTube Channel

Figure 5-8 | Industrial & Other Professional Power Tool Value Demand Share by Power Source, 2007 - 2022

Figure 5-9 | Consumer Power Tool Value Demand Share by Power Source, 2007 - 2022

Figure 5-10 | Celebrity Contractor - DIY Television Show Marketing Example

DISTRIBUTION CHANNELS

Figure 6-1 | Key Trends in US Power Tool Distribution Channels

Figure 6-2 | Power Tool Sales by Distribution Channel, 2007 & 2017 (billion dollars)

Figure 6-3 | Home Depot Online Ordering Options

INDUSTRY STRUCTURE

Figure 7-1 | US Power Tools Market Share, 2017 (billion dollars)

Figure 7-2 | Power Tools Market: Leading Supplier

Figure 7-3 | Power Tools Market: Second Leading Supplier

Figure 7-4 | Power Tools Market: Third Leading Supplier

Figure 7-5 | Power Tools Market: Fourth Leading Supplier

Figure 7-6 | Power Tools Market: Fifth Leading Supplier

Figure 7-7 | Social Media - Competitive Marketing Strategy Example

APPENDIX

Figure 8-1 | Annual Growth in Real GDP, 2000 - 2017, Compared to 1980 - 2005 Average (percent)

Figure 8-2 | Annual Population Growth, 2002 - 2017 (percent)


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