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Power Tools Market in the US 2017-2021

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of power tools market in the US
    • Market size and forecast
      • Table Power tools market in the US 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by power source
    • Market overview
      • Table Power tools market in the US by power source 2016 and 2021 (%)
    • Electric power tools
      • Table Electric power tools market in the US 2016-2021 ($ billions)
    • Pneumatic power tools
      • Table Pneumatic power tools market in the US 2016-2021 ($ billions)
    • Engine-driven and other power tools
      • Table Engine-driven and other power tools market in the US 2016-2021 ($ billions)
  • Market segmentation by type
    • Market overview
      • Table Power tools market in the US by type 2016 and 2021 (%)
    • Cordless power tools
      • Table Cordless power tools market in US 2016-2021 ($ billions)
    • Corded power tools
      • Table Corded power tools market in the US 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Power tools market in the US by end-user 2016 and 2021 (%)
    • Professionals segment
      • Table Professionals power tools market in the US 2016-2021 ($ billions)
    • Consumers
      • Table Consumers power tools market in US 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table New residential constructions in US 2011-2016 (in thousands of units)
      • Table Gross output of construction industry in US 2013-2016 ($ billions)
      • Table Vehicle production share of different countries 2011 and 2016 (%)
      • Table Average disposable income level in the US 2014 Q1-2016Q4 ($ thousands)
    • Market challenges
  • Market trends
    • Wireless/inductive charging for power tools
    • Shift from Ni-Cd to Li-ion batteries for cordless tools
      • Table Comparison of Li-Ion with Ni-Cd batteries
    • Recovery in US economy
      • Table Manufacturing output yearly growth in US 2008-2014 (%)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Apex Tool Group
      • Table Apex Tool Group: Segments and categories of products offered
      • Table Apex Tool Group: Power tools
    • Makita
      • Table Makita Power Tools: Segments and categories of products offered
      • Table Makita: Power tools
    • Robert Bosch Tool
      • Table Robert Bosch Tool: Segments and categories of products offered
    • Stanley Black & Decker
      • Table Stanley Black & Decker: Segments and categories of products offered
    • Techtronic Industries
      • Table Techtronic Industries: Segments and categories of products offered
  • Appendix
    • List of abbreviations
  • Explore Technavio

Power Tools Market in the US 2017-2021

About Power Tools Market in the US

Power tools facilitate industrial and other operations, which would either be impossible or very time-consuming and inefficient if performed manually. Power tools offer an excellent replacement for hand tools owing to their greater efficiency. Besides being used for drilling, sawing, grinding, etc., power tools have a number of other uses and applications. Several industries also use custom-built power tools to accomplish specific jobs.

Technavio’s analysts forecast the power tools market in the US to grow at a CAGR of 3.83% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the power tools market in the US for 2017-2021. To calculate the market size, the report considers the demand from end-users.Technavio's report, Power Tools Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Stanley Black & Decker,
  • Robert Bosch Tool,
  • Makita,
  • Techtronic Industries,
  • the Apex Tool Group.
Other prominent vendors
  • Andreas Stihl
  • Atlas Copco AB
  • C. & E. Fein GmbH
  • Danaher
  • Harbor Freight Tools
  • Hilti
  • Hitachi Koki
  • Illinois Tool Works
  • MAFELL
  • Panasonic Corporation of North America
  • Positec
  • Snap-on Incorporated
  • TTS Tooltechnic Systems
Market driver
  • Growth in construction activities
  • For a full, detailed list, view our report
Market challenge
  • High price of Li-ion batteries
  • For a full, detailed list, view our report
Market trend
  • Wireless/inductive charging for power tools
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Power Tools Market in the US 2017-2021

Technavio recognizes the following companies as the key players in the power tools market in the US: Stanley Black & Decker, Robert Bosch Tool, Makita, Techtronic Industries, and the Apex Tool Group.

Other Prominent Vendors in the market are: Andreas Stihl, Atlas Copco AB, C. & E. Fein GmbH, Danaher, Harbor Freight Tools, Hilti, Hitachi Koki, Illinois Tool Works, MAFELL, Panasonic Corporation of North America, Positec, Snap-on Incorporated, and TTS Tooltechnic Systems.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Wireless/inductive charging for power tools. Although cordless power tools have been available for the past several years, their adoption has been slow due to battery issues. Most of the existing battery-powered power tools require their battery to be removed from the tool for recharging. Complaints by consumers and professionals about the inconvenience of the charging process have led to the development of wireless charging tools. This technology is expected to spur the demand for wireless power tools.”

According to the report, one of the major drivers for this market is Growth in construction activities. The construction industry is the largest end-user of power tools in the US. Power tools facilitate construction operations, such as cutting, drilling, crushing, grinding, wrenching, etc. The increase in construction activities is a direct driver for the power tools market in the US.

Further, the report states that one of the major factors hindering the growth of this market is High price of Li-ion batteries. Lithium-ion batteries or Li-ion batteries may pose a challenge to power tools sales in the cordless segment as they are gradually replacing the nickel-cadmium (Ni-Cd) batteries, which were used earlier.

Companies Mentioned

Stanley Black & Decker, Robert Bosch Tool, Makita, Techtronic Industries, and the Apex Tool Group.

Other Prominent Vendors in the market are: Andreas Stihl, Atlas Copco AB, C. & E. Fein GmbH, Danaher, Harbor Freight Tools, Hilti, Hitachi Koki, Illinois Tool Works, MAFELL, Panasonic Corporation of North America, Positec, Snap-on Incorporated, and TTS Tooltechnic Systems.

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