Power Tools

Tools

Power tools will benefit from continuing technology developments and ongoing strength in construction and manufacturing markets, as well as sanguine economic conditions leading to formation of new households and home purchases, which spur consumers to buy power tools.

Key Findings in the Power Tools Study:

Technological Innovation Driving Gains

Growth in the US power tools market is largely determined by technological innovation. As batteries and brushless motors have become more powerful, cordless tools have experienced surges in growth. Additionally, advances in smart features such as Bluetooth connectivity, custom settings, and error monitoring drive gains in value-added products.

Cordless Tools Taking Market Share from Plug-In Electric and Pneumatic Models

In 2017, cordless tools represented over half of demand for electric tools. As cordless tools have become more powerful with technological advancements, they have become more competitive with traditional plug-in models. Furthermore, breakthrough technologies are expected to further the appeal of cordless tools in applications where powerful pneumatic tools have dominated in the past, totally changing the landscape of the power tools market.

Professional Markets to Remain Fastest Growing Amid Increased Construction and Manufacturing Activity

The professional market makes up two-thirds of demand for power tools, and will continue to have the greatest impact on gains through 2022. Growth in construction spending and manufacturers’ shipments are expected to propel demand for power tools used in construction and manufacturing applications as these users replace old tools or decide to switch to newer technologies.

Study Coverage

This study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 by power source (plug-in, cordless, pneumatic, and other), by electric product (drills; saws; sanders, polishers, and grinders; screwdrivers; impact wrenches; planers and routers; hammers; other electric tools; and parts and attachments), by pneumatic product (nailers and staplers; impact wrenches; drills and screwdrivers; percussion tools; sanders, polishers, and grinders; other pneumatic tools; and parts and attachments), by market (construction, automotive aftermarket, industrial and other professional, and consumer), and by distribution channel (home centers, direct sales and distributors, hardware stores, e-commerce, and mass marketers). The study also evaluates company market share and provides analysis on industry competitors including Stanley Black & Decker and Techtronic Industries.

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  1. Power Tools

    $5,000.00

    1. 1 EXECUTIVE SUMMARY

      $179.00

      1. Figure 1-1 - US Power Tools Market

    2. 2 OVERVIEW

      $1,807.00

      1. 2.1 Key Findings

        $82.00

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

      2. 2.2 Consumer Trends

        $825.00

        1. 2.2.1 Overview

          $82.00

        2. 2.2.2 Women Using More Power Tools Than Ever Before

          $88.00

          1. Figure 2-2 - DIY Workshops for Women - Marketing Example

        3. 2.2.3 DIY Ethic & Online Resources

          $101.00

          1. Table | Consumer Views on Home Improvement & Power Tools

          2. Figure 2-3 - Pinterest DIY Furniture Projects

        4. 2.2.4 Purchasing Trends

          $613.00

          1. Table | Consumer Views on Power Tool Quality & Consumer Spending Habits

          2. Table | 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

          3. Table | Consumer Purchases by Product: "Please indicate which power tool(s) or power tool accessories you bought in the last 12 months." Product % of respondents who bought power tools in the last 12 months

          4. Table | Consumer Brand Ownership Product % of respondents who have owned power tools in the last 12 months

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

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

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

      3. 2.3 New Technology Developments

        $556.00

        1. 2.3.1 Overview

          $82.00

        2. 2.3.2 Batteries & Charging

          $197.00

          1. Figure 2-4 - Battery Technology Development Example - New for 2018

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

        3. 2.3.3 Brushless Motors

          $82.00

        4. 2.3.4 Smart Power Tools

          $165.00

          1. Figure 2-6 - Smart Technology - Product Example

        5. 2.3.5 Ergonomic Improvements

          $82.00

          1. Figure 2-7 - Ergonomic Improvement - Product Example

      4. 2.4 Pricing Trends

        $196.00

        1. Table | Price Deflator for Power Tools, 2007 - 2022

      5. 2.5 Supply & Demand Overview

        $97.00

        1. Table | Power Tool Supply & Demand by Power Source, 2007 - 2022

      6. 2.6 Trade Overview

        $92.00

        1. Table | Power Tool Trade, 2007 - 2022

    3. 3 ELECTRIC POWER TOOLS

      $4,006.00

      1. 3.1 Key Findings

        $82.00

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

      2. 3.2 Demand Overview

        $610.00

        1. Table | Electric Power Tool Supply & Demand, 2007 - 2022

        2. Figure 3-2 - Electric Power Tool Demand, 2007 - 2022

        3. 3.2.1 Shipments

          $90.00

        4. 3.2.2 Suppliers & Brands

          $82.00

          1. Table | Selected Electric Power Tool Brands

        5. 3.2.3 Imports

          $152.00

          1. Figure 3-3 - Electric Tool Imports by Source, 2017

          2. Figure 3-4 - Electric Tool Imports by Source, 2007 - 2017

        6. 3.2.4 Exports

          $99.00

          1. Figure 3-5 - Electric Tool Exports by Destination, 2017

      3. 3.3 Plug-In Versus Cordless

        $244.00

        1. 3.3.1 Overview

          $91.00

          1. Table | Characteristics of Plug-In & Cordless Tools

        2. 3.3.2 Demand Forecast

          $151.00

          1. Table | Electric Power Tool Demand by Power Source, 2007 - 2022

          2. Figure 3-6 - Cordless Share of Electric Power Tool Demand by Product, 2017

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

      4. 3.4 Demand by Type

        $3,110.00

        1. 3.4.1 Overview

          $94.00

          1. Table | Electric Power Tool Supply & Demand, 2007 - 2022

          2. Figure 3-8 - Electric Power Tool Demand by Type, 2017 - 2022

        2. 3.4.2 Drills

          $489.00

          1. Figure 3-9 - Cordless Drill Product Example

          2. Table | Electric Drill Supply & Demand by Power Source, 2007 - 2022

          3. Figure 3-10 - Electric Drill Imports by Source, 2017

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

          5. Table | Key Suppliers of Electric Drills to the US Market

        3. 3.4.3 Saws

          $497.00

          1. Figure 3-12 - Types of Electric Saws - Product Examples

          2. Table | Electric Saw Supply & Demand by Power Source & by Type

          3. Figure 3-14 - Electric Saw Imports by Source, 2017

          4. Figure 3-15 - Cordless Saw Product Example - New for 2018

          5. Table | Key Suppliers of Electric Saws to the US Market

        4. 3.4.4 Sanders, Polishers, &Grinders

          $558.00

          1. Figure 3-16 - Sanders, Polishers, &Grinders - Product Examples

          2. Table | Electric Sanders, Polishers, &Grinders Supply & Demand by Product & by Power Source

          3. Figure 3-17 - Electric Sanders, Polishers, &Grinders Demand by Product, 2017 - 2022

          4. Figure 3-18 - Electric Sander, Grinder, &Polisher Imports by Source, 2017

          5. Figure 3-19 - Cordless Grinder Product Example - New for 2018

        5. 3.4.5 Screwdrivers

          $254.00

          1. Figure 3-20 - Cordless Screwdriver Product Example

          2. Table | Electric Screwdriver Supply & Demand by Power Source, 2007 - 2022

          3. Figure 3-21 - Electric Screwdriver Imports by Source, 2017

        6. 3.4.6 Impact Wrenches

          $147.00

          1. Figure 3-22 - Cordless Impact Wrench Product Example

          2. Table | Electric Impact Wrench Supply & Demand by Power Source, 2007 - 2022

        7. 3.4.7 Planers & Routers

          $218.00

          1. Figure 3-23 - Planers & Routers - Product Examples

          2. Table | Electric Planer & Router Supply & Demand by Power Source

        8. 3.4.8 Hammers

          $216.00

          1. Figure 3-24 - Plug-In Hammer Product Example

          2. Table | Electric Hammer Supply & Demand by Power Source

        9. 3.4.9 Other Electric Tools

          $214.00

          1. Figure 3-25 - Other Electric Tools - Product Examples

          2. Table | Other Electric Power Tools Supply & Demand by Power Source, 2007 - 2022

        10. 3.4.10 Parts & Attachments

          $421.00

          1. Table | Electric Power Tool Parts & Attachments Supply & Demand, 2007 - 2022

          2. Figure 3-26 - Saw Blade - Product Example

          3. Figure 3-27 - Drill Bit Set - Product Example

    4. 4 PNEUMATIC & OTHER POWER TOOLS

      $2,296.00

      1. 4.1 Key Findings

        $82.00

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

      2. 4.2 Supply & Demand

        $393.00

        1. 4.2.1 Overview

          $137.00

          1. Table | Pneumatic & Other Power Tool Supply & Demand, 2007 - 2022

          2. Figure 4-2 - Pneumatic & Other Power Tool Demand, 2007 - 2022

        2. 4.2.2 Imports

          $104.00

          1. Figure 4-3 - Pneumatic & Other Power Tools Imports by Source, 2017

          2. Figure 4-4 - Pneumatic & Other Power Tools Imports by Source, 2007 - 2017

        3. 4.2.3 Exports

          $150.00

          1. Figure 4-5 - Pneumatic & Other Power Tools Exports by Destination, 2017

      3. 4.3 Pneumatic Power Tools

        $1,589.00

        1. 4.3.1 Product Description

          $126.00

        2. 4.3.2 Supply & Demand

          $153.00

          1. Table | Pneumatic Power Tool Supply & Demand by Type

          2. Figure 4-6 - Pneumatic Power Tool Demand by Type, 2017 - 2022

        3. 4.3.3 Suppliers

          $82.00

          1. Table | Selected Pneumatic Power Tool Brands

        4. 4.3.4 Nailers & Staplers

          $352.00

          1. Figure 4-7 - Pnematic Nailer Product Example

          2. Table | Pneumatic Nailer & Stapler Supply & Demand by Product, 2007 - 2022

          3. Figure 4-8 - Pneumatic Nailer Technology - Marketing Example

        5. 4.3.5 Impact Wrenches

          $173.00

          1. Figure 4-9 - Pneumatic Impact Wrench Product Example

          2. Table | Pneumatic Impact Wrench Supply & Demand, 2007 - 2022

        6. 4.3.6 Drills & Screwdrivers

          $140.00

          1. Figure 4-10 - Pneumatic Drill Product Example

          2. Table | Pneumatic Drill & Screwdriver Supply & Demand, 2007 - 2022

        7. 4.3.7 Percussion Tools

          $184.00

          1. Figure 4-11 -Pneumatic Chipping Hammer Product Example

          2. Table | Pneumatic Percussion Tool Supply & Demand

        8. 4.3.8 Sanders, Polishers, &Grinders

          $187.00

          1. Figure 4-12 - Pneumatic Grinder Product Example

          2. Table | Pneumatic Sander, Polisher, &Grinder Supply & Demand

        9. 4.3.9 Other Pneumatic Tools

          $109.00

          1. Table | Other Pneumatic Tool Supply & Demand, 2007 - 2022

          2. Figure 4-13 - Pneumatic Riveter Product Example

        10. 4.3.10 Parts & Attachments

          $119.00

          1. Table | Pneumatic Tool Parts & Attachments Supply & Demand, 2007 - 2022

      4. 4.4 Other Power Tools

        $273.00

        1. 4.4.1 Overview

          $94.00

          1. Table | Other Power Tool Supply & Demand by Power Source, 2007 - 2022

        2. 4.4.2 Hydraulic Power Tools

          $82.00

          1. Figure 4-14 - Underwater Hydraulic Grinder Product Example

        3. 4.4.3 Powder-Actuated Tools

          $82.00

          1. Figure 4-15 - Powder-Actuated Nailer Product Example

        4. 4.4.4 Engine-Driven Tools

          $82.00

          1. Figure 4-16 - Gas-Powered Framing Nailer Product Example

    5. 5 MARKETS

      $1,369.00

      1. 5.1 Key Findings

        $82.00

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

      2. 5.2 Market Outlook

        $180.00

        1. 5.2.1 Scope

          $105.00

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

        2. 5.2.2 Demand Forecast

          $82.00

          1. Table | Power Tool Demand by Market, 2007 - 2022

          2. Figure 5-2 - Power Tool Demand by Market, 2007 - 2017

      3. 5.3 Professional Demand

        $856.00

        1. 5.3.1 Overview

          $137.00

          1. Table | Professional Power Tool Demand by Sector & Product, 2007 - 2022

        2. 5.3.2 Demand by Power Source

          $82.00

          1. Table | Professional Power Tool Demand by Power Source, 2007 - 2022

        3. 5.3.3 Construction

          $204.00

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

          2. Table | Construction Power Tool Demand, 2007 - 2022

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

        4. 5.3.4 Automotive Aftermarket

          $222.00

          1. Figure 5-5 - Example of Automotive Application for Cordless Tool

          2. Table | Automotive Aftermarket Power Tool Demand, 2007 - 2022

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

        5. 5.3.5 Industrial & Other Professional Services

          $231.00

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

          2. Table | Industrial & Other Professional Power Tool Demand, 2007 - 2022

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

      4. 5.4 Consumer Demand

        $296.00

        1. 5.4.1 Scope

          $82.00

        2. 5.4.2 Demand Forecast & Analysis

          $200.00

          1. Table | Consumer Power Tool Demand by Product, 2007 - 2022

          2. Table | Consumer Power Tool Demand by Power Source, 2007 - 2022

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

        3. 5.4.3 Suppliers

          $82.00

          1. Figure 5-10 - Celebrity Contractor - DIY Television Show Marketing Example

    6. 6 DISTRIBUTION CHANNELS

      $792.00

      1. 6.1 Key Findings

        $82.00

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

      2. 6.2 Sales by Distribution Channel

        $750.00

        1. 6.2.1 Channel Overview

          $96.00

          1. Table | Power Tool Sales by Distribution Channel, 2007 - 2022

          2. Figure 6-2 - Power Tool Sales by Distribution Channel, 2007 & 2017

        2. 6.2.2 Home Centers

          $163.00

        3. 6.2.3 Direct Sales & Distributors

          $235.00

        4. 6.2.4 Hardware Stores

          $82.00

        5. 6.2.5 E-Commerce

          $147.00

          1. Figure 6-3 - Home Depot Online Ordering Options

        6. 6.2.6 Mass Marketers

          $82.00

    7. 7 INDUSTRY STRUCTURE

      $1,936.00

      1. 7.1 Key Findings & Industry Composition

        $118.00

        1. Table | US Power Tool Sales by Company, 2017

      2. 7.2 Market Share

        $452.00

        1. Figure 7-1 - US Power Tools Market Share, 2017

        2. 7.2.1 Stanley Black & Decker

          $144.00

          1. Figure 7-2 - Power Tools Market: Leading Supplier

        3. 7.2.2 Techtronic Industries

          $107.00

          1. Figure 7-3 - Power Tools Market: Second Leading Supplier

        4. 7.2.3 Bosch

          $82.00

          1. Figure 7-4 - Power Tools Market: Third Leading Supplier

        5. 7.2.4 Hilti

          $82.00

          1. Figure 7-5 - Power Tools Market: Fourth Leading Supplier

        6. 7.2.5 Atlas Copco

          $82.00

          1. Figure 7-6 - Power Tools Market: Fifth Leading Supplier

      3. 7.3 Competitive Strategies

        $323.00

        1. 7.3.1 Overview

          $82.00

        2. 7.3.2 Location of Manufacturing Plants: Proximity & Cost Issues

          $108.00

        3. 7.3.3 Marketing Strategies: Powerful Brand Names & Comparisons

          $192.00

          1. Figure 7-7 - Social Media - Competitive Marketing Strategy Example

      4. 7.4 Cooperative Agreements

        $82.00

        1. Table | Selected Cooperative Agreements

      5. 7.5 Mergers & Acquisitions

        $211.00

        1. Table | Selected Acquisitions & Divestitures

      6. 7.6 Private Label

        $152.00

        1. Table | Private Label Power Tool Brands & Product Types

      7. 7.7 List of Industry Participants

        $611.00

    8. 8 APPENDIX

      $1,630.00

      1. 8.1 Scope

        $100.00

        1. Table | Relevant Industry Codes

      2. 8.2 Methodology

        $82.00

      3. 8.3 Sources

        $82.00

      4. 8.4 Associations & Agencies

        $82.00

      5. 8.5 Related Freedonia Group Studies

        $82.00

        1. 8.5.1 US Studies

          $82.00

        2. 8.5.2 Global Studies

          $82.00

        3. 8.5.3 Focus Reports

          $82.00

        4. 8.5.4 Knowledge Center

          $82.00

      6. 8.6 Definitions

        $82.00

        1. 8.6.1 General

          $82.00

      7. 8.7 Abbreviations

        $82.00

        1. Table | Abbreviations & Acronyms Used in Study

      8. 8.8 Macroeconomic Assumptions

        $1,233.00

        1. 8.8.1 Economic Environment

          $144.00

          1. Table | Macroeconomic Indicators, 2007 - 2022

          2. Figure 8-1 - Annual Growth in Real GDP, 2000 - 2017, Compared to 1980 - 2005 Average

        2. 8.8.2 Demographic Trends

          $149.00

          1. Table | Population & Households, 2007 - 2022

          2. Figure 8-2 - Annual Population Growth, 2002 - 2017

        3. 8.8.3 Construction Expenditures

          $138.00

          1. Table | Construction Expenditures, 2007 - 2022

        4. 8.8.4 Residential Improvements & Repairs

          $82.00

          1. Table | Residential Improvement & Repair Expenditures, 2007 - 2022

        5. 8.8.5 Commercial Building Improvements & Repairs

          $82.00

          1. Table | Commercial Building Improvement & Repair Expenditures, 2007 - 2022

        6. 8.8.6 Housing Completions

          $82.00

          1. Table | New Housing Indicators, 2007 - 2022

        7. 8.8.7 Motor Vehicle Industry Overview

          $90.00

          1. Table | Motor Vehicle Indicators, 2007 - 2022

        8. 8.8.8 Professional Employment Overview

          $82.00

          1. Table | Professional Employment Indicators, 2007 - 2022

        9. 8.8.9 Manufacturers' Shipments

          $146.00

          1. Table | Manufacturers' Shipments, 2007 - 2022

        10. 8.8.10 Consumer Spending

          $302.00

          1. Table | Personal Consumption Expenditures, 2007 - 2022

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