Demand for power and hand tools in the US will rise 4.8 percent per year to $13.1 billion in 2016. Power tools will outpace hand tools, as power tools -- especially cordless electric tools -- benefit from greater capacity for innovation. Professional demand growth will outpace consumer gains due to a rebound in housing starts and increases in manufacturing output.This study analyzes the $10.4 billion US power and hand tool industry. It presents historical demand data for the years 2001, 2006 and 2016, and forecasts for 2016 and 2021 by product (e.g., electric power tools, pneumatic power tools, engine-driven power tools, hand service tools, hand edge tools, hand saws) and market (professional, consumer).The study also considers market environment factors, details industry structure, evaluates company market share and profiles 41 industry players, including Stanley Black & Decker, Techtronic Industries and Snap-on.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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