North America Power Tools Market (2020-2026) | Growth, Value, Forecast, Share, Analysis, Outlook, Revenue, Size, Industry, COVID-19 IMPACT, Trends & Companies

Growing demand for cordless tools coupled with the rapid adoption of flexible battery systems, the increasing popularity of ‘DIY Culture’, and infrastructural developments to meet the needs of a growing population has propelled the demand for power tools market in North America. Moreover, growing investment in the housing sector would lead to a surge in demand for power tools over the coming years.

According to 6Wresearch, the North America Power Tools market size is expected to grow moderately during 2020-2026. In the USA, there has been an increased demand for efficient power tools due to the growing popularity of flexible battery systems that eliminate redundancy and galvanize the productivity of power tool operators. However, during the forecast period, the Canadian market is expected to register substantial growth in the demand for power tools on the back of a surge in infrastructure projects in the country.

Based on applications, the industrial segment is likely to maintain the largest market share in the North America power tools market during the forecast period. Based on modes of operation, the share of electric tools in the market is at an all-time high and is likely to grow further during the forecast period. Moreover, the growing trend of self-renovating houses in North America due to the high costs of hiring professional plumbers, carpenters, electricians, etc. is likely to increase residential demand for drilling and fastening tools during the forecast period.

The North America power tools market report thoroughly covers the market by tool types, modes of operation, applications, and key countries including the United States, Canada, and the rest of North America. The North America power tools market outlook provides an unbiased and detailed analysis of the on-going North America power tools market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

The North America power tool market is estimated to witness potential growth during the forecast period on the back of the growth of varied sectors such as commercial, residential, and automotive. Additionally, on the basis of country, the United States power tool market is expected to dominate overall market revenues in the market owing to the rising trend of self-renovation which is a cheaper way than hiring high-cost professionals such as carpenters and electricians coupled with rising productivity on completing tasks timely by using power tool equipment through its convenience in use is estimated to foster the demand in the residential sector and would spur the growth of North America power tool market in the coming years.

The North America power tools market is projected to gain traction in the upcoming six years on the back of the rising potential growth of aerospace industries. Aviation is one of the fastest-growing segments in the country which has led to strengthening the production of military aircraft, commercial airliners, and missiles. The rise in the export practices and country attributed as the main supplier of military and civil aerospace hardware which is expected to register a spike in the power tools sales, use during aircraft maintenance like metalworking tools, torque wrench, and speed handle is estimated to boost the growth of North America power tool market in the upcoming six years.

Key Highlights of the Report:

• North America Power Tools Market Overview
• North America Power Tools Market Outlook
• North America Power Tools Market Forecast
• Historical Data of North America Power Tools Market Revenues and Volume, for the Period 2016-2019
• North America Power Tools Market Size and North America Power Tools Market Forecast of Revenues and Volume, Until 2026
• Historical Data of North America Power Tools Market Revenues and Volume, By Tool Types, for the Period 2016-2019
• Market Size & Forecast of North America Power Tools Market Revenues and Volume, By Tool Types, Until 2026
• Historical Data of North America Power Tools Market Revenues and Volume, By Modes of Operation, for the Period 2016-2019
• Market Size & Forecast of North America Power Tools Market Revenues and Volume, By Modes of Operation, Until 2026
• Historical Data of Power Tools Market Revenues and Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of North America Power Tools Market Revenues and Volume, By Applications, Until 2026
• Historical Data of United States of America Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of United States of America Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Canada Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Canada Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Rest of North America Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Rest of North America Power Tools Market Revenues and Volume, Until 2026
• Market Drivers and Restraints
• North America Power Tools Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Power Tools Market Share, By Players
• North America Power Tools Market Share, By Regions
• North America Power Tools Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The North America Power Tools Market report provides a detailed analysis of the following market segments:

• By Tool Types
  • Drilling and Fastening Tools
  • Demolition Tools
  • Sawing and Cutting Tools
  • Material Removal Tools
  • Others

• By Modes of Operation
  • Electric
    • Corded Tools
    • Cordless Tools
  • Pneumatic

• By Applications
  • Industrial
    • Aerospace
    • Construction
    • Automotive
    • Energy
    • Others
  • Residential

• By Countries:
  • United States of America
  • Canada
  • Rest of North America

Other Key Reports Available:

• USA Power Tools Market Report
• Canada Power Tools Market Report

Frequently Asked Questions About the Market Study (FAQs):