Power Tools
US demand for power tools is projected to increase 4.1% per year to $9.9 billion in 2024. Demand for power tools will be supported by gains in construction activity and manufacturing. Additionally, product development will continue to support the increased adoption of cordless electric power tools.
This report covers power tools by Product, Power Source, Market, and Distribution Channel, along with a discussion of general power tool industry trends and consumer trends. Data are given in dollar value.
Power tools covered in the study include:
Electric products (drills; saws; sanders, polishers, and grinders; screwdrivers; impact wrenches; planers and routers; hammers; other electric tools; and parts and attachments)
Pneumatic products (nailers and staplers; impact wrenches; drills and screwdrivers; percussion tools; sanders, polishers, and grinders; other pneumatic tools; and parts and attachments)
Other products
Power sources covered in the study include:
Plug-in, cordless, pneumatic, and other (hydraulic, powder-actuated, and engine-driven)
Markets for power tools include:
Professional (construction, automotive aftermarket, and industrial and other professional)
Consumer
Distribution channels covered in the study include:
Home centers
Direct sales and distributors
Hardware stores
E-commerce
Mass marketers
Scope of the Report
This report covers the scope, size, and growth of the US power tools market including key trends in applications and market segmentation. Historical data are provided for 2009, 2014, and 2019 with forecasts for 2024. Data are provided in dollar value. Also included are survey data on consumer preferences and behavior and analysis of the industry’s key players and their market shares.
- Executive Summary
- Table Figure 1-1 | US Power Tool Market
- Overview
- Study Scope
- Supply & Demand
- Demand by Power Source
- Table Power Tool Demand by Power Source, 2009 - 2024
- Table Figure 2-1 | Power Tool Demand by Power Source, 2009 - 2024
- Demand by Market
- Table Power Tool Demand by Market, 2009 - 2024
- Trade Balance
- Table Power Tool Supply & Demand, 2009 - 2024
- Impact of Tariffs
- Imports
- Table Figure 2-2 | Power Tool Imports Share by Source, 2019
- Exports
- Table Figure 2-3 | Power Tool Exports Share by Destination, 2019
- Shipments
- Table Power Tool Shipments by Power Source, 2009 - 2024
- Demand by Power Source
- Near-Term Impact of COVID-19
- Pricing Trends
- Table Power Tool Price Deflator by Power Source, 2009 - 2024
- New Technology Developments
- Batteries & Charging
- Table Figure 2-4 | Battery Technology Development - Product Example
- Table Figure 2-5 | Wireless Charging Technology Development - Product Example
- Smart Power Tools
- Table Figure 2-6 | Smart Technology - Product Example
- Ergonomic Improvements
- Table Figure 2-7 | Ergonomic Improvement - Product Example
- Brushless Motors
- Batteries & Charging
- Electric Power Tools
- Key Findings
- Table Figure 3-1 | Key Trends in the Electric Power Tool Market
- Scope
- Supply & Demand
- Overview
- Table Electric Power Tool Supply & Demand, 2009 - 2024
- Table Figure 3-2 | Electric Power Tool Trade Balance, 2009 - 2019
- Imports
- Table Figure 3-3 | Electric Power Tool Imports Share by Source, 2019
- Exports
- Table Figure 3-4 | Electric Power Tool Exports Share by Destination, 2019
- Shipments
- Market Share
- Table Figure 3-5 | Electric Power Tool Market Share by Company, 2019
- Table Selected Electric Power Tool Brands
- Overview
- Plug-In vs. Cordless
- Product Comparison
- Table Characteristics of Plug-In & Cordless Tools
- Sales Trends
- Table Electric Power Tool Demand by Power Source, 2009 - 2024
- Table Figure 3-6 | Cordless Share of Electric Power Tool Demand by Product, 2019
- Table Figure 3-7 | Electric Power Tool Demand Share by Power Source, 2009 - 2024
- Product Comparison
- Demand by Type
- Table Electric Power Tool Demand by Type, 2009 - 2024
- Table Figure 3-8 | Electric Power Tool Demand by Type, 2019 - 2024
- Drills
- Drills: Product Description
- Table Figure 3-9 | Electric Drills
- Drills: Supply & Demand
- Table Electric Drill Supply & Demand by Market, 2009 - 2024
- Drills: Foreign Trade
- Table Figure 3-10 | Electric Drill Imports Share by Source, 2019
- Drills: Plug-In vs. Cordless
- Table Electric Drill Demand by Power Source, 2009 - 2024
- Table Figure 3-11 | Cordless Share of Electric Drill Demand, 2009 - 2024
- Drills: Suppliers
- Table Key Suppliers of Electric Drills to the US Market
- Drills: Product Description
- Saws
- Saws: Product Description
- Table Figure 3-12 | Electric Saws
- Saws: Supply & Demand
- Table Electric Saw Supply & Demand by Market, 2009 - 2024
- Saws: Foreign Trade
- Table Figure 3-13 | Electric Saw Imports Share by Source, 2019
- Saws: Demand by Type
- Table Electric Saw Demand by Type, 2009 - 2024
- Saws: Plug-In vs. Cordless
- Table Electric Saw Demand by Power Source, 2009 - 2024
- Saws: Suppliers
- Table Key Suppliers of Electric Saws to the US Market
- Saws: Product Description
- Sanders, Polishers, &Grinders
- Sanders, Polishers, &Grinders: Product Description
- Table Figure 3-14 | Electric Sanders, Polishers, &Grinders
- Sanders, Polishers, &Grinders: Supply & Demand
- Table Electric Sander, Polisher, &Grinder Supply & Demand by Market, 2009 - 2024
- Sanders, Polishers, &Grinders: Foreign Trade
- Table Figure 3-15 | Electric Sander, Grinder, &Polisher Imports Share by Source, 2019
- Sanders, Polishers, &Grinders: Demand by Type
- Table Electric Sander, Polisher, &Grinder Demand by Type, 2009 - 2024
- Table Figure 3-16 | Electric Sanders, Polishers, &Grinders Demand by Type, 2019 - 2024
- Sanders, Polishers, &Grinders: Plug-In vs. Cordless
- Table Electric Sander, Polisher, &Grinder Demand by Power Source, 2009 - 2024
- Table Figure 3-17 | Cordless Grinder Product Example
- Sanders, Polishers, &Grinders: Suppliers
- Sanders, Polishers, &Grinders: Product Description
- Screwdrivers
- Screwdrivers: Product Description
- Table Figure 3-18 | Electric Screwdrivers
- Screwdrivers: Supply & Demand
- Table Electric Screwdriver Supply & Demand by Market, 2009 - 2024
- Screwdrivers: Foreign Trade
- Table Figure 3-19 | Electric Screwdriver Imports Share by Source: China vs. Mexico, 2009 - 2019
- Screwdrivers: Plug-In vs. Cordless
- Table Electric Screwdriver Demand by Power Source, 2009 - 2024
- Screwdrivers: Suppliers
- Screwdrivers: Product Description
- Impact Wrenches
- Impact Wrenches: Product Description
- Table Figure 3-20 | Electric Impact Wrenches
- Impact Wrenches: Supply & Demand
- Table Electric Impact Wrench Supply & Demand by Power Source & Market, 2009 - 2024
- Impact Wrenches: Suppliers
- Impact Wrenches: Product Description
- Planers & Routers
- Planers & Routers: Product Description
- Table Figure 3-21 | Electric Planers & Routers
- Planers & Routers: Supply & Demand
- Table Electric Planer & Router Supply & Demand by Power Source & Market, 2009 - 2024
- Planers & Routers: Suppliers
- Planers & Routers: Product Description
- Hammers
- Hammers: Product Description
- Table Figure 3-22 | Electric Hammers
- Hammers: Supply & Demand
- Table Electric Hammer Supply & Demand by Power Source & Market, 2009 - 2024
- Hammers: Suppliers
- Hammers: Product Description
- Other Electric Tools
- Other Electric Tools: Scope
- Table Figure 3-23 | Other Electric Power Tools
- Other Electric Tools: Supply & Demand
- Table Other Electric Power Tool Supply & Demand by Power Source & Market, 2009 - 2024
- Other Electric Tools: Suppliers
- Other Electric Tools: Scope
- Parts & Attachments
- Parts & Attachments: Scope
- Parts & Attachments: Supply & Demand
- Table Electric Power Tool Parts & Attachments Supply & Demand by Type & Market, 2009 - 2024
- Saw Blades
- Table Figure 3-24 | Saw Blade
- Dies & Drill Bits
- Table Figure 3-25 | Drill Bit Set
- Batteries
- Other Parts & Accessories
- Parts & Attachments: Suppliers
- Key Findings
- Pneumatic Tools
- Key Findings
- Table Figure 4-1 | Key Trends in the Pneumatic Power Tool Market
- Scope
- Supply & Demand
- Overview
- Table Pneumatic Power Tool Supply & Demand, 2009 - 2024
- Table Figure 4-2 | Pneumatic Power Tool Demand by Type, 2019 - 2024
- Imports
- Table Figure 4-3 | Pneumatic Power Tool Imports: Share by Source, 2009 - 2019
- Exports
- Table Figure 4-4 | Pneumatic Power Tool Exports: Share by Destination, 2009 - 2019
- Shipments
- Market Share
- Table Figure 4-5 | Pneumatic Power Tool Market Share by Company, 2019
- Table Selected Pneumatic Tool Brands
- Overview
- Demand by Type
- Table Pneumatic Power Tool Demand by Type, 2009 - 2024
- Nailers & Staplers
- Nailers & Staplers: Product Description
- Table Figure 4-6 | Pneumatic Nailers & Staplers
- Nailers & Staplers: Supply & Demand
- Table Pneumatic Nailer & Stapler Supply & Demand by Product & Market, 2009 - 2024
- Nailers & Staplers: Suppliers
- Nailers & Staplers: Product Description
- Impact Wrenches
- Impact Wrenches: Product Description
- Table Figure 4-7 | Pneumatic Impact Wrench
- Impact Wrenches: Supply & Demand
- Table Pneumatic Impact Wrench Supply & Demand by Market, 2009 - 2024
- Impact Wrenches: Product Description
- Drills & Screwdrivers
- Drills & Screwdrivers: Product Description
- Table Figure 4-8 | Pneumatic Drills & Screwdrivers
- Drills & Screwdrivers: Supply & Demand
- Table Pneumatic Drill & Screwdriver Supply & Demand by Market, 2009 - 2024
- Drills & Screwdrivers: Product Description
- Percussion Tools
- Percussion Tools: Product Description
- Table Figure 4-9 | Pneumatic Percussion Tools
- Percussion Tools: Supply & Demand
- Table Pneumatic Percussion Tool Supply & Demand by Market, 2009 - 2024
- Percussion Tools: Product Description
- Sanders, Polishers, &Grinders
- Sanders, Polishers, &Grinders: Product Description
- Table Figure 4-10 | Pneumatic Sanders, Polishers, &Grinders
- Sanders, Polishers, &Grinders: Supply & Demand
- Table Pneumatic Sander, Polisher, &Grinder Supply & Demand by Market, 2009 - 2024
- Sanders, Polishers, &Grinders: Product Description
- Other Pneumatic Tools
- Other Pneumatic Tools: Product Description
- Table Figure 4-11 | Other Pneumatic Power Tools
- Other Pneumatic Tools: Supply & Demand
- Table Other Pneumatic Power Tool Supply & Demand by Market, 2009 - 2024
- Other Pneumatic Tools: Product Description
- Parts & Attachments
- Table Pneumatic Tool Parts & Attachments Supply & Demand by Market, 2009 - 2024
- Key Findings
- Other Power Tools
- Key Findings
- Table Figure 5-1 | Key Trends in the Market for Other Power Tools
- Supply & Demand
- Table Other Power Tool Supply & Demand by Power Source, 2009 - 2024
- Table Figure 5-2 | Other Power Tools
- Hydraulic Power & Powder-Actuated Tools
- Hydraulic Power & Powder-Actuated Tools: Product Description
- Hydraulic Power & Powder-Actuated Tools: Supply & Demand
- Table Hydraulic & Powder-Actuated Power Tool Supply & Demand by Product & Market, 2009 - 2024
- Engine-Driven Tools
- Table Engine-Driven Tools, Parts, &Attachments Supply & Demand by Market, 2009 - 2024
- Key Findings
- Professional Markets
- Scope
- Demand by Power Source
- Table Professional Power Tool Demand by Power Source, 2009 - 2024
- Demand by Market Sector
- Table Professional Power Tool Demand by Market Sector, 2009 - 2024
- Construction
- Table Construction Power Tool Demand by Power Source, 2009 - 2024
- Table Figure 6-1 | Construction Power Tool Demand by Power Source, 2009 - 2024
- Automotive Aftermarket
- Table Automotive Aftermarket Power Tool Demand by Power Source, 2009 - 2024
- Table Figure 6-2 | Automotive Aftermarket Power Tool Demand by Power Source, 2009 - 2024
- Industrial & Other Professional Services
- Table Industrial & Other Professional Power Tool Demand by Power Source, 2009 - 2024
- Table Industrial & Other Professional Power Tool Demand by Submarket, 2009 - 2024
- Table Figure 6-3 | Industrial & Other Professional Power Tool Demand by Power Source, 2009 - 2024
- Consumer Markets & Insights
- Market Scope
- Demand by Type & Power Source
- Table Consumer Power Tool Demand by Power Source, 2009 - 2024
- Table Figure 7-1 | Consumer Power Tool Demand by Power Source, 2009 - 2024
- Factors Impacting Consumer Purchasing
- Table Consumer Insights: "What is most important to you when deciding which tool or piece of equipment to buy a hand held power tool/accessory?" by Gender & Age Group, 2020
- Table Figure 7-2 | Consumer Insights: "What is most important to you when deciding which tool or piece of equipment to buy a hand held power tool/accessory?
- Women Are Using Power Tools More than Ever Before
- Table Figure 7-3 | DIY Workshops for Women - Marketing Example
- Table Consumer Purchasing Behavior: "Did you buy hand-held corded or cordless power tools and related accessories in the last 12 months?" by Gender
- DIY Ethic Spurred by Online Resources
- Table Figure 7-4 | Online Instruction Example Image
- DIY/DIFM Trends
- Consumer Spending Habits
- Primary Reasons for Power Tool Purchase
- Table "What was the primary reason for your recent purchase of hand held power tools/accessories?" by Gender & Age Group, 2020
- Who Buys Power Tools?
- Table "Did you buy power tools (electric, gas, battery) or power tool accessories in the last 12 months?" by Home Environment, Age Group, Marital Status, &Presence of Children, 2020
- What Products Are Most Commonly Owned?
- Table Consumer Power Tool Ownership by Product, 2019
- What Are the Most Popular Brands?
- Table Consumer Power Tool Ownership by Brand, 2019
- Where are Consumers Buying Tools?
- Most Commonly Used Research Sources
- What Sources of Advice Do Consumers Value Most?
- Table "What is most important to you when deciding which tool or piece of equipment to buy?" by Gender & Age Group, 2020
- Primary Reasons for Power Tool Purchase
- Distribution Channels
- Demand by Distribution Channel
- Table Power Tool Demand by Distribution Channel, 2009 - 2024
- Table Figure 8-1 | Power Tool Demand by Distribution Channel, 2009 - 2024
- Home Centers
- Direct Sales & Distributors
- Hardware Stores
- E-Commerce
- Mass Marketers
- Demand by Distribution Channel
- Industry Structure
- Key Findings & Industry Composition
- Table US Power Tool Sales by Company, 2019
- Market Share
- Table Figure 9-1 | US Power Tool Market Share by Company, 2019
- Table Figure 9-2 | Power Tool Market: Leading Supplier, 2019
- Table Figure 9-3 | Power Tool Market: Second Leading Supplier, 2019
- Table Figure 9-4 | Power Tool Market: Third Leading Supplier, 2019
- Table Figure 9-5 | Power Tool Market: Fourth Leading Supplier, 2019
- Table Figure 9-6 | Power Tool Market: Fifth Leading Supplier, 2019
- Table Figure 9-7 | Power Tool Market: Sixth Leading Supplier, 2019
- Table Figure 9-8 | Power Tools Market: Seventh Leading Supplier, 2019
- Competitive Strategies
- Location of Manufacturing Plants: Proximity & Cost Issues
- Marketing Strategies: Powerful Brand Names & Comparisons
- Table Figure 9-9 | Social Media - Competitive Marketing Strategy Examples
- Mergers & Acquisitions
- Table Selected Mergers & Acquisitions
- Private Label
- Table Private Label Power Tool Brands & Product Types
- List of Industry Participants
- Table Selected Industry Participants
- Key Findings & Industry Composition
- Appendix
- Scope
- Table Relevant Industry Codes
- Table Relevant HS Codes
- Definitions
- Abbreviations
- Table Abbreviations & Acronyms Used in Study
- Freedonia Methodology
- Study-Specific Methodology
- Sources
- Associations & Agencies
- Related Studies & Reports
- Macroeconomic Assumptions
- Economic Environment
- Table February 2020 Macroeconomic Indicators, 2009 – 2024
- Table Figure 10-1 | Real GDP: February 2020 Forecast vs. April 2020 Revised Forecast
- Table Figure 10-2 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average
- Demographics
- Table Population & Households, 2009 – 2024
- Table Figure 10-3 | Annual Population Growth, 2004 – 2019
- Construction Expenditures
- Table February 2020 Construction Expenditures, 2009 – 2024
- Table Figure 10-4 | Real Construction Expenditures: February 2020 Forecast vs. April 2020 Revised Forecast
- Residential Improvements & Repairs
- Table Residential Improvement & Repair Expenditures, 2009 – 2024
- Commercial Building Improvements & Repairs
- Table Commercial Building Improvement & Repair Expenditures, 2009 – 2024
- Housing Completions
- Table New Housing Units, 2009 – 2024
- Motor Vehicle Industry Overview
- Table February 2020 Motor Vehicle Indicators, 2009 - 2024
- Table Figure 10-5 | Light Vehicle Production: February 2020 Forecast vs. April 2020 Revised Forecast
- Manufacturers' Shipments
- Table February 2020 Manufacturers' Shipments, 2009 – 2024
- Table Figure 10-6 | Real Manufacturers' Shipments: February 2020 Forecast vs. April 2020 Revised Forecast
- Consumer Spending
- Table February 2020 Personal Consumption Expenditures, 2009 - 2024
- Table Figure 10-7 | Personal Consumption Expenditures: February 2020 Forecast vs. April 2020 Revised Forecast
- Economic Environment
- Scope
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