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:
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.
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:
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:
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.
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.
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.