Power Tools Market in the US 2017-2021

  • ID: 4368908
  • Report
  • Region: United States
  • 74 pages
  • TechNavio
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Analysts forecast the power tools market in the US to grow at a CAGR of 3.83% during the period 2017-2021

FEATURED COMPANIES

  • Andreas Stihl
  • C. & E. Fein GmbH
  • Harbor Freight Tools
  • Hitachi Koki
  • MAFELL
  • Positec
  • MORE
About Power Tools Market in the US

Analysts forecast the power tools market in the US to grow at a CAGR of 3.83% during the period 2017-2021

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.

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.

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 Drivers
  • Growth in construction activities
  • For a full, detailed list, view the full report
Market Challenges
  • High price of Li-ion batteries
  • For a full, detailed list, view the full report
Market Trends
  • Wireless/inductive charging for power tools
  • For a full, detailed list, view the full 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?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

Research methodology is based on extensive primary and secondary research:
  • Primary research includes in-depth interviews with industry experts, vendors, resellers and customers
  • Secondary research includes the publisher's platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by government agencies
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Andreas Stihl
  • C. & E. Fein GmbH
  • Harbor Freight Tools
  • Hitachi Koki
  • MAFELL
  • Positec
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by power source
  • Market overview
  • Electric power tools
  • Pneumatic power tools
  • Engine-driven and other power tools
PART 07: Market segmentation by type
  • Market overview
  • Cordless power tools
  • Corded power tools
PART 08: Market segmentation by end-user
  • Market overview
  • Professionals segment
  • Consumers
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Wireless/inductive charging for power tools
  • Shift from Ni-Cd to Li-ion batteries for cordless tools
  • Recovery in US economy
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • Apex Tool Group
  • Makita
  • Robert Bosch Tool
  • Stanley Black & Decker
  • Techtronic Industries
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Segmentation of power tools market in the US
Exhibit 02: Power tools market in the US 2016-2021 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Power tools market in the US by power source 2016 and 2021 (%)
Exhibit 05: Electric power tools market in the US 2016-2021 ($ billions)
Exhibit 06: Pneumatic power tools market in the US 2016-2021 ($ billions)
Exhibit 07: Engine-driven and other power tools market in the US 2016-2021 ($ billions)
Exhibit 08: Power tools market in the US by type 2016 and 2021 (%)
Exhibit 09: Cordless power tools market in US 2016-2021 ($ billions)
Exhibit 10: Corded power tools market in the US 2016-2021 ($ billions)
Exhibit 11: Power tools market in the US by end-user 2016 and 2021 (%)
Exhibit 12: Professionals power tools market in the US 2016-2021 ($ billions)
Exhibit 13: Consumers power tools market in US 2016-2021 ($ billions)
Exhibit 14: New residential constructions in US 2011-2016 (in thousands of units)
Exhibit 15: Gross output of construction industry in US 2013-2016 ($ billions)
Exhibit 16: Vehicle production share of different countries 2011 and 2016 (%)
Exhibit 17: Average disposable income level in the US 2014 Q1-2016Q4 ($ thousands)
Exhibit 18: Comparison of Li-Ion with Ni-Cd batteries
Exhibit 19: Manufacturing output yearly growth in US 2008-2014 (%)
Exhibit 20: Other prominent vendors
Exhibit 21: Apex Tool Group: Segments and categories of products offered
Exhibit 22: Apex Tool Group: Power tools
Exhibit 23: Makita Power Tools: Segments and categories of products offered
Exhibit 24: Makita: Power tools
Exhibit 25: Robert Bosch Tool: Segments and categories of products offered
Exhibit 26: Stanley Black & Decker: Segments and categories of products offered
Exhibit 27: Techtronic Industries: Segments and categories of products offered
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FEATURED COMPANIES

  • Andreas Stihl
  • C. & E. Fein GmbH
  • Harbor Freight Tools
  • Hitachi Koki
  • MAFELL
  • Positec
  • MORE
New Research Report - Power Tools Market in the US 2017-2021

The publisher 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 the research 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Stanley Black & Decker
  • Robert Bosch Tool
  • Makita
  • Techtronic Industries
  • the Apex Tool Group
  • 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
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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