Power Tools Market in US by Technology and End-user - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44840
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The power tools market in US value is projected to grow by USD 1.63 billion at a CAGR of 3.33% during 2021-2025.

This power tools market in US analysis report entails exhaustive statistical qualitative and quantitative data on technology (electric, pneumatic, and others) and end-user (professional and consumer) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Power Tools Market Size in the US be in 2021?

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Power Tools Market in the US: Key Drivers and Trends

According to our research output, there has been a negative impact on the market growth post COVID-19 era. Key drivers such as the growing demand for power tools for DIY projects in US are notably supporting the power tools market growth in the US. However, one of the foremost factors impeding market growth is the risk of rising interest rates. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic power tools market in us report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the power tools market in US trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Power Tools Market Vendors in the US?

The power tools market in US forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • ANDREAS STIHL AG & Co. KG
  • Apex Tool Group LLC
  • Emerson Electric Co.
  • Illinois Tool Works Inc.
  • Ingersoll Rand Inc.
  • Makita Corp.
  • Robert Bosch GmbH
  • Snap-on Inc.
  • Stanley Black & Decker Inc.
  • Techtronic Industries Co. Ltd.

 

The power tools market in the US is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

For insights on complete key vendor profiles, download a free sample of the power tools market in US forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

What are the Revenue-generating Technology Segments in the Power Tools Market in the US?

Power-Tools-Market-In-US-Market-Share-by-Technology-2020-2025

To gain further insights on the market contribution of various segments Request for a FREE sample!

The power tools market in US share growth by the electric segment has been significant. The power tools market in US report provides a comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides an accurate prediction of the contribution of all the segments to the growth of the power tools market size in the US. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Power Tools Market in US Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive power tools market growth in US during the next five years
  • Precise estimation of the power tools market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the power tools market in US 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of power tools market vendors in US

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Power Tools Market In US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

$ 1.63 billion

Market structure

Fragmented

YoY growth (%)

2.73

Regional analysis

US

Performing market contribution

US at 100%

Key consumer countries

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Apex Tool Group LLC, Emerson Electric Co., Illinois Tool Works Inc., Ingersoll Rand Inc., Makita Corp., Robert Bosch GmbH, Snap-on Inc., Stanley Black & Decker Inc., Techtronic Industries Co. Ltd., and ANDREAS STIHL AG & Co. KG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Electric - Market size and forecast 2020-2025
    • Pneumatic - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Market Segmentation by End-user

    • Market segments
    • Professional - Market size and forecast 2020-2025
    • Consumer - Market size and forecast 2020-2025

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ANDREAS STIHL AG & Co. KG
    • Apex Tool Group LLC
    • Emerson Electric Co.
    • Illinois Tool Works Inc.
    • Ingersoll Rand Inc.
    • Makita Corp.
    • Robert Bosch GmbH
    • Snap-on Inc.
    • Stanley Black & Decker Inc.
    • Techtronic Industries Co. Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The power tools market growth will increase by $1.29 billion during 2019-2024.
    The power tools market is expected to grow at a CAGR of 2.72% during 2019-2024.
    Technavio has segmented the power tools market by technology (Electric, Pneumatic, and Others) ,end user (Professional and Consumer) , and geographic (US).
    ANDREAS STIHL AG & Co. KG, Apex Tool Group LLC, Emerson Electric Co., Illinois Tool Works Inc., Ingersoll Rand Inc., Makita Corp., Robert Bosch GmbH, Snap-on Inc., Stanley Black & Decker Inc., Techtronic Industries Co. Ltd. are a few of the key vendors in the power tools market.
    US will register the highest growth rate of 100.00% among the other regions. Therefore, the power tools market in US is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the power tools market growth are:
    • Growing demand for power tools for DIY projects in US
    The power tools market vendors should focus on grabbing business opportunities from the electric segment as it accounted for the largest market share in the base year.
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