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Power Tools Market in US 2019-2023

Power Tools Market in US 2019-2023

About this market

DIY projects refer to activities in which individuals such as hobbyists, residents, amateurs, or enthusiasts engage themselves in the modification, upgrading, maintenance, and rebuilding of their material possessions such as household appliances automobiles residences and bicycles. DIY projects are performed using raw or semi-finished raw materials, suitable tools, and equipment with no or little assistance of professionals. Home improvement projects constitute the majority of the DIY projects undertaken in the global DIY market Some of the home improvement projects include replacing a shower faucet or refinishing the basement and attic. In addition. supply-side factors such as the growing number of home improvement stores and the increasing availability of power tools (from mass merchandisers and online retailers) are expected to drive the demand for power tools or DIY projects in the US. Technavio’s analysts have predicted that the power tools market in US will register a CAGR of over 6% by 2023.

Market Overview

Technological innovation accelerating replacement demand

Tradesmen such as construction workers. plumbers. and woodworkers are the major end-users of power tools in the US market. Unlike DIY users. tradesmen expect greater precision. convenience. and productivity from their power tools. Thus. either a considerable decline in the performance of power tools or the availability of technologically advanced power tools results in the replacement demand for power tools from tradesmen which will fuel the growth of the power tools market in the US.

Risk of rising interests’ rates

A rising interest rate discourages borrowing by businesses and individuals and encourages savings. This results in reduced business and consumer spending. The benchmark rates in the US are expected to rise further in 2019 due to the strong economic growth of the US rising inflation and the higher issuance of the US government bonds. This may pose a significant growth risk for the construction industry in the US. Since the construction industry is one of the major end-users of power tools in the US. the rising interest rates may also hinder the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the power tools market in US during the 2019-2023, view our report.

Competitive Landscape

The power tools market in US appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global power tools market
      • Table Segments of global power tools market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Power tools and their applications
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Country market: Size and forecast 2018-2023 ($ billions)
      • Table Country market: Size and forecast 2018-2023 (million units)
      • Table Country market: Year-over-year growth 2019-2023 (%)
      • Table Country market: Year-over-year volume growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Professional - Market size and forecast 2018-2023
      • Table Professional - Market size and forecast 2018-2023 ($ billions)
      • Table Professional - Market size and forecast 2018-2023 (million units)
      • Table Professional - Year-over-year growth 2019-2023 (%)
      • Table Professional - Year-over-year volume growth 2019-2023 (%)
    • Consumer - Market size and forecast 2018-2023
      • Table Consumer - Market size and forecast 2018-2023 ($ billions)
      • Table Consumer - Market size and forecast 2018-2023 (million units)
      • Table Consumer - Year-over-year growth 2019-2023 (%)
      • Table Consumer - Year-over-year volume growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by technology
    • Table Technology - Market share 2018-2023 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Electric - Market size and forecast 2018-2023
      • Table Electric - Market size and forecast 2018-2023 ($ billions)
      • Table Electric - Market size and forecast 2018-2023 (million units)
      • Table Electric - Market share of corded and cordless power tools in US market in 2018
      • Table Electric - Year-over-year growth 2019-2023 (%)
      • Table Electric - Year-over-year volume growth 2019-2023 (%)
    • Pneumatic - Market size and forecast 2018-2023
      • Table Pneumatic - Market size and forecast 2018-2023 ($ billions)
      • Table Pneumatic - Market size and forecast 2018-2023 (million units)
      • Table Pneumatic - Year-over-year growth 2019-2023 (%)
      • Table Pneumatic - Year-over-year volume growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ billions)
      • Table Others - Market size and forecast 2018-2023 (million units)
      • Table Others - Year-over-year growth 2019-2023 (%)
      • Table Others - Year-over-year volume growth 2019-2023 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • APEX Tool Group
      • Table APEX Tool Group - Vendor overview
      • Table APEX Tool Group - Organizational developments
      • Table APEX Tool Group - Key offerings
    • Emerson Electric
      • Table Emerson Electric - Vendor overview
      • Table Emerson Electric - Business segments
      • Table Emerson Electric - Organizational developments
      • Table Emerson Electric - Geographic focus
      • Table Emerson Electric - Segment focus
      • Table Emerson Electric - Key offerings
    • Ingersoll-Rand
      • Table Ingersoll-Rand - Vendor overview
      • Table Ingersoll-Rand - Business segments
      • Table Ingersoll-Rand - Organizational developments
      • Table Ingersoll-Rand - Geographic focus
      • Table Ingersoll-Rand - Segment focus
      • Table Ingersoll-Rand - Key offerings
    • Makita
      • Table Makita - Vendor overview
      • Table Makita - Business segments
      • Table Makita - Organizational developments
      • Table Makita - Geographic focus
      • Table Makita - Segment focus
      • Table Makita - Key offerings
    • Robert Bosch
      • Table Robert Bosch - Vendor overview
      • Table Robert Bosch - Business segments
      • Table Robert Bosch - Organizational developments
      • Table Robert Bosch - Geographic focus
      • Table Robert Bosch - Segment focus
      • Table Robert Bosch - Key offerings
    • Snap-on
      • Table Snap-on - Vendor overview
      • Table Snap-on - Business segments
      • Table Snap-on - Organizational developments
      • Table Snap-on - Geographic focus
      • Table Snap-on - Segment focus
      • Table Snap-on - Key offerings
    • Stanley Black & Decker
      • Table Stanley Black & Decker - Vendor overview
      • Table Stanley Black & Decker - Business segments
      • Table Stanley Black & Decker - Organizational developments
      • Table Stanley Black & Decker - Geographic focus
      • Table Stanley Black & Decker - Segment focus
      • Table Stanley Black & Decker - Key offerings
    • Techtronic Industries
      • Table Techtronic Industries - Vendor overview
      • Table Techtronic Industries - Business segments
      • Table Techtronic Industries - Organizational developments
      • Table Techtronic Industries - Geographic focus
      • Table Techtronic Industries - Segment focus
      • Table Techtronic Industries - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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