north america power tools market

North America Power Tools Market - Industry Trends and Forecast to 2030

  • Published Date: 2022-11-22
  • Report ID: 144273
  • Pages: 200
  • Format: prudent report format

Short Description

North America Power Tools Market, By Type (Sawing and Cutting Tools, Drilling and Fastening Tools, Demolition Tools, Nailers, Routing Tools, Portable Nibblers, Air-Powered Tools, Material Removal Tools, Electric Cords and Plugs, Chisels Accessories, Others), Mode of Operation (Electric, Liquid Fuel Tool, Hydraulic, Pneumatic, Powder-Actuated Tools), Application (Concrete and Construction, Woodworking, Metalworking, Welding, Others), Material (Concrete, Wood/Metal, Brick/Block, Glass, Others), End User (Industrial/Professional, Residential), Sales Channel (Indirect Sales, Direct Sales), Country (U.S, Canada, and Mexico) Industry Trends and Forecast to 2029
Market Definition

Power tools are referred to those types of tools which require additional power sources to run their mechanism; they consist of motor to power their operation. These motors can be driven through electric power, compressed air, or through internal combustion using fuel. These power tools are used for various operations such as drilling, demolition, cutting and sawing, material removal, polishing and others. These operations require various types of tools such as drills, hammer, jigsaw, and sanders. Power tools are put into use for both industry and residential purposes to ease the work of the users. They provide better accuracy, ease of working and higher productivity. The work gets simpler and faster when working with power tools.
Market Segmentation
North America power tools market is segmented into five notable segments which are based on type, mode of operation, material, application, and end user.
On the basis of type, the power tools market is segmented into sawing and cutting tools, drilling and fastening tools, demolition tools, nailers, routing tools, portable nibblers, air-powered tools, material removal tools, electric cords and plugs, chisels, accessories, others
On the basis of mode of operation, the power tools market is segmented into electric, liquid fuel tool, hydraulic, pneumatic, powder-actuated tools
On the basis of application, the power tools market is segmented into concrete and construction, woodworking, metalworking, welding, others
On the basis of material, the power tools market is segmented into concrete, wood/metal, brick/block, glass, others
On the basis of end user, the power tools market is segmented into industrial/professional, residential
On the basis of sales channel, the power tools market is segmented into indirect sales, direct sales
Market Players
The key market players for North America power tools market are listed below:
Atlas Copco AB
Stanley Black & Decker, Inc.
Snap-on Incorporated
Robert Bosch GmbH
Koki Holdings Co., Ltd.
Emerson Electric Co.
Festool GmbH
KYOCERA Corporation
Ingersoll Rand
Makita Corporation
Hilti AG
Husqvarna AB
Panasonic Corporation of North America (A subsidiary of Panasonic Corporation)
Techtronic Industries Co. Ltd
Apex Tool Group, LLC.
Ferm International B.V.
3M
Delta Power Equipment Corporation
C. & E. Fein GmbH


TABLE OF CONTENTS
1 INTRODUCTION 27
1.1 OBJECTIVES OF THE STUDY 27
1.2 MARKET DEFINITION 27
1.3 OVERVIEW OF NORTH AMERICA POWER TOOLS MARKET 27
1.4 CURRENCY AND PRICING 29
1.5 LIMITATIONS 29
1.6 MARKETS COVERED 29
2 MARKET SEGMENTATION 34
2.1 MARKETS COVERED 34
2.2 GEOGRAPHICAL SCOPE 35
2.3 YEARS CONSIDERED FOR THE STUDY 36
2.4 DBMR TRIPOD DATA VALIDATION MODEL 37
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 40
2.6 DBMR MARKET POSITION GRID 41
2.7 VENDOR SHARE ANALYSIS 42
2.8 MULTIVARIATE MODELING 43
2.9 TYPE TIMELINE CURVE 43
2.10 MARKET APPLICATION COVERAGE GRID 44
2.11 SECONDARY SOURCES 45
2.12 ASSUMPTIONS 45
3 EXECUTIVE SUMMARY 46
4 PREMIUM INSIGHTS 49
4.1 PRODUCT ANALYSIS OF 20 COMPANIES IN EUROPE 50
4.2 PRODUCT ANALYSIS OF 20 COMPANIES IN NORTH AMERICA 59
5 MARKET OVERVIEW 66
5.1 DRIVERS 68
5.1.1 INCREASE IN GROWTH OF CORDLESS POWER TOOLS 68
5.1.2 INTEGRATION OF BRUSHLESS MOTORS IN POWER TOOLS 68
5.1.3 INCREASING GROWTH OF INFRASTRUCTURE PROJECTS 69
5.1.4 BETTER OFFERING THAN HAND TOOLS 69
5.1.5 EXPANSION OF MOTOR VEHICLE MAINTENANCE MARKET AS VEHICLE OWNERSHIP RATE INCREASES 70

5.2 RESTRAINTS 71
5.2.1 HIGH MAINTENANCE OF POWER TOOLS 71
5.2.2 FLUCTUATION IN PRICES OF RAW MATERIALS 71
5.2.3 LIMITATIONS INVOLVED IN LI-ION BATTERY USAGE FOR CORDLESS POWER TOOLS 72
5.3 OPPORTUNITIES 72
5.3.1 GROWTH IN WIND ENERGY INDUSTRY AIDING THE POWER TOOLS 72
5.3.2 SMART CONNECTIVITY IN POWER TOOLS 72
5.3.3 TECHNOLOGICAL INNOVATIONS IN INDUSTRY 4.0 73
5.4 CHALLENGES 74
5.4.1 DESIGNING ERGONOMIC AND LIGHTWEIGHT POWER TOOLS 74
5.4.2 REGULATORY COMPLIANCE AND POWER TOOL SAFETY 74
6 COVID-19 IMPACT ON NORTH AMERICA POWER TOOLS MARKET 75
6.1 ANALYSIS ON IMPACT OF COVID-19 ON THE MARKET 75
6.2 AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVES TO BOOST THE MARKET 75
6.3 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE 75
6.4 IMPACT ON DEMAND 76
6.5 IMPACT ON PRICE 76
6.6 IMPACT ON SUPPLY CHAIN 76
6.7 CONCLUSION 77
7 NORTH AMERICA POWER TOOLS MARKET, BY TYPE 78
7.1 OVERVIEW 79
7.2 SAWING AND CUTTING TOOLS 80
7.2.1 CIRCULAR SAWS 81
7.2.2 JIGSAWS 82
7.2.3 MULTI-CUTTER SAWS 82
7.2.4 CHOP SAWS 82
7.2.5 BAND SAWS 82
7.2.6 RECIPROCATING SAWS 82
7.2.7 SHEARS AND NIBBLERS 82
7.3 DRILLING AND FASTENING TOOLS 82
7.3.1 DRILLS 83
7.3.2 SCREWDRIVERS AND NUTRUNNERS 83
7.3.3 IMPACT WRENCHES 83
7.3.4 IMPACT DRIVERS 83

7.4 DEMOLITION TOOLS 84
7.4.1 DEMOLITION HAMMER 85
7.4.2 HAMMER DRILL 85
7.4.3 BREAKER 85
7.4.4 ROTARY HAMMER 85
7.4.5 OTHERS 85
7.5 NAILERS 85
7.6 ROUTING TOOLS 86
7.6.1 ROUTERS/PLANER 87
7.6.2 JOINERS 87
7.7 PORTABLE NIBBLERS 87
7.8 AIR-POWERED TOOLS 88
7.8.1 AIR HOSES 89
7.8.2 AIR HAMMERS 89
7.8.3 AIR SCALERS 89
7.8.4 OTHERS 89
7.9 MATERIAL REMOVAL TOOLS 89
7.9.1 GRINDERS 90
7.9.1.1 DIE AND STRAIGHT GRINDER 91
7.9.1.2 ANGLE GRINDER 91
7.9.1.3 ROTARY FILES 91
7.9.1.4 BENCH GRINDER 91
7.9.1.5 PENCIL GRINDERS 91
7.9.2 SANDERS 91
7.9.3 POLISHERS/BUFFERS 91
7.10 ELECTRIC CORDS AND PLUGS 91
7.11 CHISELS 92
7.12 ACCESSORIES 93
7.13 OTHERS 93
8 NORTH AMERICA POWER TOOLS MARKET, BY MODE OF OPERATION 95
8.1 OVERVIEW 96
8.2 ELECTRIC 97
8.2.1 CORDED TOOL 98
8.2.2 CORDLESS TOOL 98
8.3 LIQUID FUEL TOOL 98
8.4 HYDRAULIC 99
8.5 PNEUMATIC 100
8.6 POWDER-ACTUATED TOOLS 100

9 NORTH AMERICA POWER TOOLS MARKET, BY APPLICATION 102
9.1 OVERVIEW 103
9.2 CONCRETE AND CONSTRUCTION 104
9.3 WOODWORKING 105
9.4 METALWORKING 105
9.5 WELDING 106
9.6 OTHERS 107
10 NORTH AMERICA POWER TOOLS MARKET, BY MATERIAL 108
10.1 OVERVIEW 109
10.2 CONCRETE 110
10.3 WOOD/METAL 111
10.4 BRICK/BLOCK 111
10.5 GLASS 112
10.6 OTHERS 113
11 NORTH AMERICA POWER TOOLS MARKET, BY END USER 114
11.1 OVERVIEW 115
11.2 INDUSTRIAL/PROFESSIONAL 116
11.2.1 BY TYPE 117
11.2.1.1 SAWING AND CUTTING TOOLS 117
11.2.1.2 DRILLING AND FASTENING TOOLS 117
11.2.1.3 DEMOLITION TOOLS 117
11.2.1.4 NAILERS 117
11.2.1.5 ROUTING TOOLS 118
11.2.1.6 PORTABLE NIBBLERS 118
11.2.1.7 AIR-POWERED TOOLS 118
11.2.1.8 MATERIAL REMOVAL TOOLS 118
11.2.1.9 ELECTRIC CORDS AND PLUGS 118
11.2.1.10 CHISELS 118
11.2.1.11 OTHERS 118
11.2.2 BY MODE OF OPERATION 119
11.2.2.1 ELECTRIC 119
11.2.2.2 LIQUID FUEL TOOL 119
11.2.2.3 HYDRAULIC 119
11.2.2.4 PNEUMATIC 119
11.2.2.5 POWDER-ACTUATED TOOLS 119

11.3 RESIDENTIAL 120
11.3.1 ELECTRIC 121
11.3.2 LIQUID FUEL TOOL 121
11.3.3 HYDRAULIC 121
11.3.4 PNEUMATIC 121
11.3.5 POWDER-ACTUATED TOOLS 121
12 NORTH AMERICA POWER TOOLS MARKET, BY SALES CHANNEL 122
12.1 OVERVIEW 123
12.2 INDIRECT SALES 124
12.3 DIRECT SALES 125
13 NORTH AMERICA POWER TOOLS MARKET, BY REGION 126
13.1 NORTH AMERICA 131
13.1.1 U.S. 140
13.1.2 CANADA 146
13.1.3 MEXICO 152
14 NORTH AMERICA POWER TOOLS MARKET: COMPANY LANDSCAPE 158
14.1 COMPANY SHARE ANALYSIS: EUROPE 158
15 SWOT ANALYSIS 159
16 COMPANY PROFILE 160
16.1 3M 160
16.1.1 COMPANY SNAPSHOT 160
16.1.2 REVENUE ANALYSIS 161
16.1.3 PRODUCT PORTFOLIO 161
16.1.4 RECENT DEVELOPMENT 161
16.2 APEX TOOL GROUP, LLC 162
16.2.1 COMPANY SNAPSHOT 162
16.2.2 PRODUCT PORTFOLIO 162
16.2.3 RECENT DEVELOPMENTS 163
16.3 ATLAS COPCO AB 164
16.3.1 COMPANY SNAPSHOT 164
16.3.2 REVENUE ANALYSIS 164
16.3.3 PRODUCT PORTFOLIO 165
16.3.4 RECENT DEVELOPMENTS 168
16.4 C. & E. FEIN GMBH 169
16.4.1 COMPANY SNAPSHOT 169
16.4.2 PRODUCT PORTFOLIO 169
16.4.3 RECENT DEVELOPMENT 170
16.5 DELTA POWER EQUIPMENT CORPORATION 170
16.5.1 COMPANY SNAPSHOT 170
16.5.2 PRODUCT PORTFOLIO 170
16.5.3 RECENT DEVELOPMENT 171
16.6 EMERSON ELECTRIC CO. 171
16.6.1 COMPANY SNAPSHOT 171
16.6.2 REVENUE ANALYSIS 172
16.6.3 PRODUCT PORTFOLIO 172
16.6.4 RECENT DEVELOPMENTS 174
16.7 FERM INTERNATIONAL B.V. 175
16.7.1 COMPANY SNAPSHOT 175
16.7.2 PRODUCT PORTFOLIO 175
16.7.3 RECENT DEVELOPMENT 176
16.8 FESTOOL GMBH 177
16.8.1 COMPANY SNAPSHOT 177
16.8.2 PRODUCT PORTFOLIO 177
16.8.3 RECENT DEVELOPMENTS 179
16.9 HILTI AG 180
16.9.1 COMPANY SNAPSHOT 180
16.9.2 PRODUCT PORTFOLIO 180
16.9.3 RECENT DEVELOPMENTS 181
16.10 HUSQVARNA GROUP 182
16.10.1 COMPANY SNAPSHOT 182
16.10.2 REVENUE ANALYSIS 182
16.10.3 PRODUCT PORTFOLIO 183
16.10.4 RECENT DEVELOPMENTS 183
16.11 INGERSOLL RAND 184
16.11.1 COMPANY SNAPSHOT 184
16.11.2 REVENUE ANALYSIS 185
16.11.3 PRODUCT PORTFOLIO 185
16.11.4 RECENT DEVELOPMENT 186
16.12 INTERSKOL 187
16.12.1 COMPANY SNAPSHOT 187
16.12.2 PRODUCT PORTFOLIO 187
16.12.3 RECENT DEVELOPMENTS 188
16.13 KOKI HOLDINGS CO., LTD. 189
16.13.1 COMPANY SNAPSHOT 189
16.13.2 PRODUCT PORTFOLIO 189
16.13.3 RECENT DEVELOPMENTS 191

16.14 KYOCERA CORPORATION 192
16.14.1 COMPANY SNAPSHOT 192
16.14.2 REVENUE ANALYSIS 192
16.14.3 PRODUCT PORTFOLIO 193
16.14.4 RECENT DEVELOPMENTS 194
16.15 MAKITA CORPORATION 195
16.15.1 COMPANY SNAPSHOT 195
16.15.2 REVENUE ANALYSIS 195
16.15.3 PRODUCT PORTFOLIO 196
16.15.4 RECENT DEVELOPMENTS 197
16.16 PANASONIC CORPORATION OF NORTH AMERICA 198
16.16.1 COMPANY SNAPSHOT 198
16.16.2 PRODUCT PORTFOLIO 198
16.16.3 RECENT DEVELOPMENT 199
16.17 ROBERT BOSCH GMBH 199
16.17.1 COMPANY SNAPSHOT 199
16.17.2 REVENUE ANALYSIS 200
16.17.3 PRODUCT PORTFOLIO 201
16.17.4 RECENT DEVELOPMENTS 202
16.18 SNAP-ON INCORPORATED 204
16.18.1 COMPANY SNAPSHOT 204
16.18.2 REVENUE ANALYSIS 204
16.18.3 PRODUCT PORTFOLIO 205
16.18.4 RECENT DEVELOPMENTS 205
16.19 STANLEY BLACK & DECKER, INC. 206
16.19.1 COMPANY SNAPSHOT 206
16.19.2 REVENUE ANALYSIS 207
16.19.3 PRODUCT PORTFOLIO 208
16.19.4 RECENT DEVELOPMENTS 219
16.20 TECHTRONIC INDUSTRIES CO. LTD. 220
16.20.1 COMPANY SNAPSHOT 220
16.20.2 REVENUE ANALYSIS 220
16.20.3 PRODUCT PORTFOLIO 221
16.20.4 RECENT DEVELOPMENTS 225
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