Power Tools

Power Tools

Growth in the US power tool market will average 4.0 percent annually through 2020, reaching $7.2 billion. Advances will be fueled by anticipated strong gains in construction expenditures and housing starts. In the smaller consumer market, do-it-yourselfers will increasingly replace more basic power tools or hand tools with higher-value power tools.

This report segments the US power tool industry by product (further segmented by power source) and market. Data is provided in million US dollars.

Power tool products include:
Electric power tools, such as:
Drills
Saws
Sanders, polishers, and grinders
Screwdrivers
Planers and routers
Hammers
Parts and attachments
Pneumatic and other power tool products, including:
Nailers and staplers
Impact wrenches
Drills and screwdrivers
Percussion tools
Sanders, polishers, and grinders
Parts and attachments
Other power tools

Electric drills will remain the largest of these through 2020, accounting for 17 percent of demand. Fastest growth will be for electric hammers, buoyed by continued growth in construction spending and increased consumer purchases.

Major power tool markets include:
Professional demand, including:
Construction
Automotive aftermarket
Industrial and other professional services
Consumer demand

The professional market was the leading market in 2015, dominated by demand in construction applications. Going forward, construction applications will continue to post the strongest gains, benefiting from strong anticipated advances in construction expenditures and technological improvements that make power tools increasingly competitive with hand tools in certain applications.

Among the key distribution channels for power tools are:
Direct sales and distributors
Home centers
E-commerce

Direct sales and distributors and home centers accounted for the majority of sales in 2015. Going forward, E-commerce will see the strongest advances, albeit from a small base, primarily due to the pricing advantage that online sales generate.

This study includes sales data for industry participants such as Apex Tool, Atlas Copco, Bosch, Danaher, Emerson, Hilti, Illinois Tool Works, Ingersoll-Rand, Makita, Snap-On, Stanley Black & Decker, and Techtronic Industries. In addition, the industry has seen a number of notable acquisitions and divestitures in recent years.
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