Growth Opportunities : Power Tools Market in the US Grow At a CAGR of 3.83 By 2021

Power tools facilitate industrial and other operations, which would either be impossible or very time-consuming and inefficient if performed manually.

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Power tools offer an excellent replacement for hand tools owing to their greater efficiency. Besides being used for drilling, sawing, grinding, etc., power tools have a number of other uses and applications. Several industries also use custom-built power tools to accomplish specific jobs.

Technavios analysts forecast the power tools market in the US to grow at a CAGR of 3.83% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the power tools market in the US for 2017-2021. To calculate the market size, the report considers the demand from end-users.

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Technavios report, Power Tools Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Stanley Black & Decker,
Robert Bosch Tool,
Makita,
Techtronic Industries,
the Apex Tool Group.

Other prominent vendors
Andreas Stihl
Atlas Copco AB
C. & E. Fein GmbH
Danaher
Harbor Freight Tools
Hilti
Hitachi Koki
Illinois Tool Works
MAFELL
Panasonic Corporation of North America
Positec
Snap-on Incorporated
TTS Tooltechnic Systems

Market driver
Growth in construction activities
For a full, detailed list, view our report

Market challenge
High price of Li-ion batteries
For a full, detailed list, view our report

Market trend
Wireless/inductive charging for power tools
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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