Market Forecast 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), Residential), By Countries(United States of America, Canada & Rest of North America) and Competitive Landscape
Product Code: ETC001553 | Publication Date: Jan 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Report Name | North America Power Tools Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Industrial |
North America Power Tools Market report thoroughly covers the market by Tool Types, Modes of Operation, Applications, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Power Tools Market is experiencing robust growth, primarily driven by advancements in technology and the increasing demand for efficient and durable tools in various sectors.
According to 6Wresearch, the North America Power Tools Market is projected to grow at a CAGR of 6.5% from 2025-2031. The industrial sector is exhibiting the most substantial growth, bolstered by continuous advancements in the aerospace, construction, and automotive industries. Additionally, the demand for power tools in residential applications is on the rise due to the growing trend of DIY activities and home improvement projects. The increased focus on infrastructure development and renovation activities is further propelling the market.
However, the market faces challenges such as the high cost of advanced power tools and the presence of counterfeit products, which can undermine the credibility of established brands. Furthermore, the need for regular maintenance and the operational complexity of some power tools can be barriers to their widespread adoption.
Leading players in the North America Power Tools Market include Stanley Black & Decker, Inc., Robert Bosch Tool Corporation, and Makita Corporation. Stanley Black & Decker, Inc. is renowned for its innovative drilling and fastening tools, widely used across various industries. Robert Bosch Tool Corporation offers a comprehensive range of power tools, including sawing and cutting tools, known for their precision and durability. Makita Corporation specializes in cordless and electric power tools, favored for their advanced features and user-friendly designs.
Governments across North America are actively supporting the power tools market through various initiatives aimed at promoting industrial growth and technological advancement. These include policies that encourage the adoption of energy-efficient tools and investments in smart manufacturing technologies. Additionally, efforts to enhance infrastructure and construction projects are driving the demand for power tools. The implementation of stringent safety standards and regulations is also ensuring the production of high-quality and reliable power tools, thereby boosting consumer confidence.
The North America Power Tools market is expected to grow tremendously in the near future. Technological improvements which include the adoption of IoT in power tools are expected to be a driving force for market growth This increase in the concentration toward energy-efficient and smart tools is expected of prop up more sales for higher-end models. The industrial segment, notably aerospace construction and automotive will further boost the market demand. The residential segment is also expected to see substantial growth as more consumers invest in high-quality power tools for home improvement projects. Overall, innovation and sustainability will be key drivers of market expansion.
According to Ravi Bhandari, Research Head, 6Wresearch, The popularity of drilling &fastening tools in several applications such as construction and manufacturing are gaining it traction across the market.
Due to the convenience and ease of use, people now seek out cordless tools available for different tasks that need such portability.
The market size of the industrial segment is actually extensive, as it continuously benefits from advancements observed in construction and automotive industries coupled with aerospace tools and segments reforging their production methods.
Market Segmentation By Countries
The U.S. is the front runner as it has a well-developed industrial base and widespread adoption of advanced power tools across multiple applications in United States of America.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Power Tools Market Overview |
3.1 North America Country Indicators |
3.2 North America Power Tools Market Revenues, 2021 - 2021 - 2031F |
3.3 North America Power Tools Market Revenue Share, By Tool Types, 2021 - 2031F |
3.4 North America Power Tools Market Revenue Share, By Modes of Operation, 2021 - 2031F |
3.5 North America Power Tools Market Revenue Share, By Applications, 2021 - 2031F |
3.6 North America Power Tools Market Revenue Share, By Countries, 2021 - 2031F |
3.7 North America Power Tools Market - Industry Life Cycle |
3.8 North America Power Tools Market - Porter’s Five Forces |
4 North America Power Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Power Tools Market Trends |
6 North America Power Tools Market Overview, By Tool Types |
6.1 North America Drilling and Fastening Tools Market Revenues, 2021 - 2021 - 2031F |
6.2 North America Demolition Tools Market Revenues, 2021 - 2021 - 2031F |
6.3 North America Sawing and Cutting Tools Market Revenues, 2021 - 2021 - 2031F |
6.4 North America Material Removal Tools Market Revenues, 2021 - 2021 - 2031F |
6.5 North America Other Power Tools Market Revenues, 2021 - 2021 - 2031F |
7 North America Power Tools Market Overview, By Applications |
7.1 North America Power Tools Market Revenues, By Industrial Application, 2021 - 2021 - 2031F |
7.2 North America Industrial Application Power Tools Market Revenues, By Types, 2021 - 2021 - 2031F |
7.2.1 North America Power Tools Market Revenues, By Construction Industrial Application, 2021 - 2021 - 2031F |
7.2.2 North America Power Tools Market Revenues, By Aerospace Industrial Application, 2021 - 2021 - 2031F |
7.2.3 North America Power Tools Market Revenues, By Automotive Industrial Application, 2021 - 2021 - 2031F |
7.2.4 North America Power Tools Market Revenues, By Energy Industrial Application, 2021 - 2021 - 2031F |
7.2.5 North America Power Tools Market Revenues, By Other Industrial Application, 2021 - 2021 - 2031F |
7.3 North America Power Tools Market Revenues, By Residential Application, 2021 - 2021 - 2031F |
8 North America Power Tools Market Overview, By Modes of Operation |
8.1 North America Electric Power Tools Market Revenues, 2021 - 2021 - 2031F |
8.2 North America Electric Power Tools Market Revenues, By Types, 2021 - 2021 - 2031F |
8.2.2 North America Corded Electric Power Tools Market Revenues, 2021 - 2021 - 2031F |
8.2.3 North America Cordless Electric Power Market Revenues, 2021 - 2021 - 2031F |
8.3 North America Pneumatic Power Tools Market Revenues, 2021 - 2021 - 2031F |
9 United States of America Power Tools Market Overview |
9.1 United States of America Power Tools Market Revenues, 2021 - 2021 - 2031F |
9.2 United States of America Power Tools Market Revenue, By Tool Types, 2021 - 2021 - 2031F |
9.3 United States of America Power Tools Market Revenue, By Modes of Operation, 2021 - 2021 - 2031F |
9.4 United States of America Power Tools Market Revenue, By Applications, 2021 - 2021 - 2031F |
10 Canada Power Tools Market Overview |
10.1 Canada Power Tools Market Revenues, 2021 - 2021 - 2031F |
10.2 Canada Power Tools Market Revenue, By Tool Types, 2021 - 2021 - 2031F |
10.3 Canada Power Tools Market Revenue, By Modes of Operation, 2021 - 2021 - 2031F |
10.4 Canada Power Tools Market Revenue, By Applications, 2021 - 2021 - 2031F |
11 Rest of North America Power Tools Market Overview |
11.1 Rest of North America Power Tools Market Revenues & Volume, 2021 - 2021 - 2031F |
12 North America Power Tools Market Key Performance Indicators |
13 North America Power Tools Market Opportunity Assessment |
13.1 North America Power Tools Market Opportunity Assessment, By Tool Types, 2021 - 2031F |
13.2 North America Power Tools Market Opportunity Assessment, By Applications 2021 - 2031F |
13.3 North America Power Tools Market Opportunity Assessment, By Modes of Operation, 2021 - 2031F |
14 North America Power Tools Market Competitive Landscape |
14.1 North America Power Tools Market Revenue Share, By Companies, 2021 - 2031F |
14.1.1 United States of America Power Tools Market Revenue Share, By Companies, 2021 - 2031F |
14.1.2 Canada Power Tools Market Revenue Share, By Companies, 2021 - 2031F |
14.1.3 Rest of North America Power Tools Market Revenue Share, By Companies, 2021 - 2031F |
14.2 North America Power Tools Market Competitive Benchmarking, By Operating Parameters |
15 Company Profiles |
16 Key Strategic Recommendations |
17 Disclaimer |