DUBLIN--(BUSINESS WIRE)--The "Power Tools" report has been added to ResearchAndMarkets.com's offering.
U.S. demand for power tools is projected to increase 3.9% per year to $8.2 billion in 2022.
Power tools will benefit from continuing technology developments and ongoing strength in construction and manufacturing markets, as well as sanguine economic conditions leading to formation of new households and home purchases, which spur consumers to buy power tools.
Key Finding: Technological Innovation Driving Gains
Growth in the U.S. power tools market is largely determined by technological innovation. As batteries and brushless motors have become more powerful, cordless tools have experienced surges in growth. Additionally, advances in smart features such as Bluetooth connectivity, custom settings, and error monitoring drive gains in value-added products.
Other Key Findings
- Cordless Tools Taking Market Share from Plug-In Electric and Pneumatic Models
- Professional Markets to Remain Fastest Growing Amid Increased Construction and Manufacturing Activity
This study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 by:
Power Source
- Plug-In
- Cordless
- Pneumatic
- Other
Electric Product
- Drills
- Saws
- Sanders (Polishers & Grinders)
- Screwdrivers
- Impact Wrenches
- Planers & Routers
- Hammers
- Other Electric Tools
- Parts & Attachments
Pneumatic Product
- Nailers & Staplers
- Impact Wrenches
- Drills & Screwdrivers
- Percussion Tools
- Sanders (Polishers & Grinders)
- Other Pneumatic Tools
- Parts & Attachments
Market
- Construction
- Automotive Aftermarket
- Industrial & Other Professional
- Consumer
Distribution Channel
- Home Centers
- Direct Sales & Distributors
- Hardware Stores
- E-Commerce
- Mass Marketers
The study also evaluates company market share and provides analysis on industry competitors including:
- Stanley Black & Decker
- Techtronic Industries
For more information about this report visit https://www.researchandmarkets.com/research/g2d29c/power_tools_in?w=4
