Power Tools

As Quoted In The Baltimore Sun

Ongoing strength in construction activity and housing starts will boost demand for power tools used in construction applications, and continued growth in manufacturing output will fuel demand for industrial power tools. Disposable incomes and consumer spending will contribute to sales gains in both the professional and consumer markets. Among consumers, those with less interest in do-it-yourself (DIY) activities will be more likely to outsource jobs to professionals, while many of those undertaking DIY activities will upgrade from more basic power tools to higher priced or more technologically advanced models.

Competition from imports

Power tools will face intense competition from lower-cost imports, particularly among more basic items. The largest foreign suppliers of power tools to the US market in 2015 were China, Germany, Mexico, and Taiwan, with China supplying more than half of all imports. China, Mexico, and Taiwan all have lower labor costs than the US, so power tools made in these countries are less expensive. A sizable number of power tools are sourced from Germany because of their reputation for quality. However, growth in imports will be limited to some degree by a trend toward “reshoring” production back to the US, as professional users are often willing to pay a premium for domestically produced tools perceived to be of higher quality.

Electric outpaces pneumatic

According to the Power Tools study, electric tools will continue to register the most rapid gains through 2020, outpacing growth in demand for pneumatic and other power tools. The improved accuracy and control that electric power tools offer will boost product sales. Demand for cordless electric power tools will expand at a faster rate than plug-in models through 2020. Advances in battery technology and continued efforts to reduce the weight and improve the runtime of battery-powered units will boost sales of cordless products. Manufacturers are using brushless motors, which are more efficient than brushed models, in conjunction with newer battery technologies to bring more powerful cordless electric tools to market. These motors are more expensive to produce, but their lower maintenance requirements and longer operational life help mitigate the cost premium.

Professionals continue to dominate market

The professional market accounted for nearly two-thirds of all power tool sales in 2015, though the consumer market will post faster gains through 2020. In addition, ongoing increases in automotive aftermarket service and repair spending, supported by the aging and growing stock of motor vehicles in the US, will help spur associated professional power tool sales.

Study coverage

Power Tools provides historical data (2005, 2010, 2015) plus forecasts (2020, 2025) by type (electric, pneumatic and other), by market (professional, consumer) and distribution channel (direct sales and distributors, home centers, e-commerce, other). The study also assesses key market environment factors, details the industry structure, evaluates company market share and profiles industry players such as Techtronics, Stanley Black & Decker, and Bosch.

Freedonia's market research studies provide timely access to reliable, unbiased analysis from which to benchmark performance and answer critical questions: Is your business growing faster or slower than the overall market? Is your organization gaining or losing market share? Which products and markets are the most desirable to explore for expansion? Are there industry trends or competitor activities that present a threat or opportunity to your business?

Studies offer a great ROI and can help business leaders make informed, analytically driven decisions. When considering the time, effort, and expertise that goes into it, our off-the-shelf research saves our clients time and money.

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  1. Power Tools

    $4,900.00

    1. 1 INTRODUCTION

      $126.00

    2. 2 EXECUTIVE SUMMARY

      $155.00

      1. Table | POWER TOOL SUPPLY & DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,541.00

      1. 3.1 General

        $85.00

      2. 3.2 Macroeconomic Outlook

        $186.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Personal Income & Expenditure Outlook

        $103.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      4. 3.4 Population

        $223.00

        1. Table | POPULATION & HOUSEHOLDS

      5. 3.5 Household Formation & Housing Stock Outlook

        $118.00

        1. Table | HOUSING STOCK BY TYPE

        2. CHART II-1 YEAR OF CONSTRUCTION OF HOUSING STOCK, 2015

      6. 3.6 Construction Outlook

        $142.00

        1. Table | CONSTRUCTION EXPENDITURES

      7. 3.7 Professional Employment Outlook

        $82.00

        1. Table | PROFESSIONAL EMPLOYMENT

      8. 3.8 Motor Vehicle Outlook

        $190.00

        1. Table | MOTOR VEHICLE INDICATORS

      9. 3.9 Nonresidential Fixed Investment Outlook

        $143.00

        1. Table | NONRESIDENTIAL FIXED INVESTMENT EXPENDITURES

      10. 3.10 Manufacturing Outlook

        $275.00

        1. Table | MANUFACTURERS' SHIPMENTS

    4. 4 OVERVIEW

      $938.00

      1. 4.1 General: Power & Hand Tools

        $108.00

      2. 4.2 Power & Hand Tool Supply & Demand

        $117.00

        1. Table | POWER & HAND TOOL SUPPLY & DEMAND

      3. 4.3 Power Tool Shipments

        $94.00

        1. Table | POWER TOOL SHIPMENTS BY TYPE

      4. 4.4 US Foreign Trade in Power Tools

        $239.00

        1. Table | POWER TOOL FOREIGN TRADE

        2. 4.4.1 Imports

          $119.00

          1. CHART III-1 POWER TOOL IMPORTS BY SOURCE, 2015

        3. 4.4.2 Exports

          $82.00

          1. CHART III-2 POWER TOOL EXPORTS BY DESTINATION, 2015

      5. 4.5 World Power Tool Outlook

        $82.00

        1. Table | WORLD POWER TOOL DEMAND

      6. 4.6 Pricing Trends

        $89.00

        1. Table | PRICE DEFLATORS FOR POWER TOOLS

      7. 4.7 New Technology Developments

        $215.00

    5. 5 ELECTRIC POWER TOOLS

      $2,315.00

      1. 5.1 Electric Tool Supply & Demand

        $411.00

        1. Table | ELECTRIC TOOL SUPPLY & DEMAND

        2. CHART IV-1 ELECTRIC TOOL DEMAND BY PRODUCT, 2015

        3. CHART IV-2 ELECTRIC TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT

        4. 5.1.1 Imports

          $82.00

          1. CHART IV-3 ELECTRIC TOOL IMPORTS BY SOURCE, 2015

        5. 5.1.2 Exports

          $82.00

          1. CHART IV-4 ELECTRIC TOOL EXPORTS BY DESTINATION, 2015

      2. 5.2 Electric Tool Demand by Power Source

        $130.00

        1. Table | ELECTRIC TOOL DEMAND BY POWER SOURCE

        2. CHART IV-5 PLUG-IN & CORDLESS ELECTRIC TOOL SHARE BY PRODUCT, 2015

        3. Table | SELECTED ELECTRIC POWER TOOL BRANDS

      3. 5.3 Drills

        $371.00

        1. 5.3.1 Supply & Demand

          $82.00

          1. Table | ELECTRIC DRILL SUPPLY & DEMAND

        2. 5.3.2 Foreign Trade

          $82.00

          1. CHART IV-6 ELECTRIC DRILL IMPORTS BY SOURCE, 2015

        3. 5.3.3 Demand by Type

          $119.00

        4. 5.3.4 Producers & Brand Names

          $82.00

      4. 5.4 Saws

        $323.00

        1. 5.4.1 Supply & Demand

          $82.00

          1. Table | ELECTRIC SAW SUPPLY & DEMAND

        2. 5.4.2 Foreign Trade

          $82.00

          1. CHART IV-7 ELECTRIC SAW IMPORTS BY SOURCE, 2015

        3. 5.4.3 Demand by Type

          $82.00

        4. 5.4.4 Producers & Brand Names

          $82.00

      5. 5.5 Sanders, Polishers, &Grinders

        $284.00

        1. 5.5.1 Supply & Demand

          $155.00

          1. Table | ELECTRIC SANDER, POLISHER, &GRINDER SUPPLY & DEMAND

        2. 5.5.2 Foreign Trade

          $82.00

          1. CHART IV-8 ELECTRIC SANDER, POLISHER, &GRINDER IMPORTS BY SOURCE, 2015

        3. 5.5.3 Demand by Type

          $82.00

        4. 5.5.4 Producers & Brand Names

          $82.00

      6. 5.6 Screwdrivers

        $187.00

        1. 5.6.1 Supply & Demand

          $82.00

          1. Table | ELECTRIC SCREWDRIVER SUPPLY & DEMAND

        2. 5.6.2 Foreign Trade

          $82.00

          1. CHART IV-9 ELECTRIC SCREWDRIVER IMPORTS BY SOURCE, 2015

        3. 5.6.3 Demand by Type

          $82.00

        4. 5.6.4 Producers & Brand Names

          $82.00

      7. 5.7 Planers & Routers

        $123.00

        1. Table | ELECTRIC PLANER & ROUTER SUPPLY & DEMAND

      8. 5.8 Hammers

        $133.00

        1. Table | ELECTRIC HAMMER SUPPLY & DEMAND

      9. 5.9 Other Electric Tools

        $130.00

        1. Table | OTHER ELECTRIC TOOL SUPPLY & DEMAND

      10. 5.10 Parts & Attachments

        $223.00

        1. Table | ELECTRIC POWER TOOL PARTS & ATTACHMENTS SUPPLY & DEMAND

    6. 6 PNEUMATIC & OTHER POWER TOOLS

      $1,249.00

      1. 6.1 Supply & Demand

        $252.00

        1. Table | PNEUMATIC & OTHER POWER TOOL SUPPLY & DEMAND

        2. 6.1.1 Imports

          $82.00

          1. CHART V-1 PNEUMATIC TOOL IMPORTS BY SOURCE, 2015

        3. 6.1.2 Exports

          $110.00

          1. CHART V-2 PNEUMATIC TOOL EXPORTS BY DESTINATION, 2015

          2. Table | SELECTED PNEUMATIC POWER TOOL BRANDS

      2. 6.2 Pneumatic Power Tools

        $857.00

        1. Table | PNEUMATIC POWER TOOL SUPPLY & DEMAND

        2. 6.2.1 Nailers & Staplers

          $206.00

          1. Table | PNEUMATIC NAILER & STAPLER SUPPLY & DEMAND

        3. 6.2.2 Impact Wrenches

          $91.00

          1. Table | PNEUMATIC IMPACT WRENCH SUPPLY & DEMAND

        4. 6.2.3 Drills & Screwdrivers

          $82.00

          1. Table | PNEUMATIC DRILL & SCREWDRIVER SUPPLY & DEMAND

        5. 6.2.4 Percussion Tools

          $85.00

          1. Table | PNEUMATIC PERCUSSION TOOL SUPPLY & DEMAND

        6. 6.2.5 Sanders, Polishers, &Grinders

          $94.00

          1. Table | PNEUMATIC SANDER, POLISHER, &GRINDER SUPPLY & DEMAND

        7. 6.2.6 Other Pneumatic Tools

          $82.00

          1. Table | OTHER PNEUMATIC TOOL SUPPLY & DEMAND

        8. 6.2.7 Parts & Attachments

          $82.00

          1. Table | PNEUMATIC TOOL PARTS & ATTACHMENTS SUPPLY & DEMAND

      3. 6.3 Other Power Tools

        $139.00

        1. Table | OTHER POWER TOOL SUPPLY & DEMAND

    7. 7 MARKETS

      $733.00

      1. 7.1 General

        $123.00

        1. Table | POWER TOOL DEMAND BY MARKET

      2. 7.2 Professional Demand

        $474.00

        1. Table | PROFESSIONAL POWER TOOL DEMAND BY SECTOR

        2. 7.2.1 Construction

          $94.00

          1. Table | CONSTRUCTION DEMAND FOR POWER TOOLS

        3. 7.2.2 Automotive Aftermarket

          $127.00

          1. Table | AUTOMOTIVE AFTERMARKET DEMAND FOR POWER TOOLS

        4. 7.2.3 Industrial & Other Professional Services

          $123.00

          1. Table | INDUSTRIAL & OTHER PROFESSIONAL DEMAND FOR POWER TOOLS

      3. 7.3 Consumer Demand

        $136.00

        1. Table | CONSUMER POWER TOOL DEMAND

    8. 8 DISTRIBUTION CHANNELS

      $450.00

      1. 8.1 Channel Overview

        $82.00

        1. Table | POWER TOOL SALES BY DISTRIBUTION CHANNEL

      2. 8.2 Direct Sales & Distributors

        $116.00

      3. 8.3 Home Centers

        $100.00

      4. 8.4 E-Commerce

        $82.00

      5. 8.5 Other

        $85.00

    9. 9 INDUSTRY STRUCTURE

      $4,931.00

      1. 9.1 General

        $92.00

      2. 9.2 Industry Composition

        $108.00

        1. Table | US POWER TOOL SALES BY COMPANY, 2015

      3. 9.3 Market Share

        $225.00

        1. CHART VIII-1 POWER TOOL MARKET SHARE, 2015

      4. 9.4 Private Label

        $82.00

      5. 9.5 Competitive Strategies

        $82.00

      6. 9.6 Research & Product Development

        $92.00

      7. 9.7 Marketing

        $144.00

      8. 9.8 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 9.9 Mergers, Acquisitions, &Divestitures

        $82.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      10. 9.10 Company Profiles

        $4,931.00

        1. 9.10.1 Actuant Corporation

          $212.00

        2. 9.10.2 AIMCO Corporation

          $135.00

        3. 9.10.3 Alltrade Tools LLC

          $112.00

        4. 9.10.4 Apex Tool Group LLC

          $142.00

        5. 9.10.5 Atlas Copco AB

          $315.00

        6. 9.10.6 Bosch (Robert) GmbH

          $340.00

        7. 9.10.7 Chervon Holdings Limited

          $82.00

        8. 9.10.8 Danaher Corporation

          $82.00

        9. 9.10.9 Daniels Manufacturing Corporation

          $82.00

        10. 9.10.10 DEPRAG-Schulz GmbH and Company

          $120.00

        11. 9.10.11 Emerson Electric Company

          $143.00

        12. 9.10.12 Great Neck Saw Manufacturers Incorporated

          $82.00

        13. 9.10.13 Harbor Freight Tools

          $82.00

        14. 9.10.14 Hilti AG

          $295.00

        15. 9.10.15 Hitachi Limited

          $259.00

        16. 9.10.16 IDEAL Industries Incorporated

          $82.00

        17. 9.10.17 Illinois Tool Works Incorporated

          $222.00

        18. 9.10.18 Ingersoll-Rand plc

          $194.00

        19. 9.10.19 JPW Industries Incorporated

          $101.00

        20. 9.10.20 Makita Corporation

          $224.00

        21. 9.10.21 Newell Brands Incorporated

          $199.00

        22. 9.10.22 Northern Tool + Equipment

          $95.00

        23. 9.10.23 Panasonic Corporation

          $112.00

        24. 9.10.24 Senco Brands Incorporated

          $124.00

        25. 9.10.25 Snap-on Incorporated

          $200.00

        26. 9.10.26 SPX Corporation

          $82.00

        27. 9.10.27 SPX Flow Incorporated

          $82.00

        28. 9.10.28 Stanley Black & Decker Incorporated

          $554.00

        29. 9.10.29 Techtronic Industries Company Limited

          $261.00

        30. 9.10.30 Textron Incorporated

          $186.00

        31. 9.10.31 TRUMPF Group

          $151.00

      11. 9.11 Other Companies Mentioned In Study

        $97.00

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