US power and hand tool demand will grow 3.3 percent annually through 2012. Gains will be driven by continued consumer interest in DIY and home remodeling activities, the ongoing introduction of new products and a recovery in the professional construction market. Power tools will continue to outpace hand tools, especially cordless electric types.
This study analyzes the $12.3 billion US power and hand tool industry. It presents historical demand data for the years 1997, 2002 and 2007, and forecasts for 2012 and 2017 by product (e.g., drills; saws; sanders, polishers and grinders; screwdrivers; planers and routers; hammers; wrenches; pliers; edge tools) and market (e.g., professional, consumer, construction, automotive aftermarket, industrial).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 44 industry players, including Black & Decker, Stanley Works and Techtronic.