North American Power Tools Market size is projected to cross USD 17 billion by 2027, according to a latest forecast report by Graphical Research. The growing demand for electric power tools from the industrial and residential sectors will drive the market growth.
The North American economy is highly driven by the construction and electronics sectors owing to the large presence of industry players in the region. The rising demand for power tools in the construction and manufacturing sectors has fueled the industry outlook.
Power tools find applications in various industries such as energy, construction, electronics, aerospace, and automotive. A significant shift from conventional tools to cost-effective tools is anticipated to act as a major trend in the market growth. Power tools are used in various applications such as production & assembly lines, maintenance & repair, packaging, and DIY projects. Efficiency & ease of operations, reduced labor & time requirements, and portability are a few of the major factors that have enhanced the demand for power tools across several end industries across North America.
The electric cordless power tools segment is expected to account for around 35% share by 2027 owing to extensive product usage in the DIY sector and advancements in technology. Electric cordless power tools include a battery-powered product range, such as nailers, impact wrenches, circular saws, hammer drills, and staplers. The rising demand for mobile, flexible, and compact tools in several end-use industries across North America is driving the market for electric cordless tools.
Browse detailed statistical insights from the report, “North America Power Tools Market Forecast 2027 By Tool Type (Drilling & Fastening, Sawing & Cutting Tools, Demolition, Material Removal, Wrenches), By Mode (Electric Corded, Electric Cordless, Pneumatic), By Application (Construction, Automotive, Aerospace, Energy, Electronics, DIY), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The drilling & fastening tool type segment will witness over 6% CAGR between 2021 and 2027. Drilling & fastening tools are low cost and easy to use compared to other power tools. These tools are majorly used in DIY applications. Drilling tools find prominent usage in basic repair and maintenance applications.
The DIY segment was valued at around USD 2.3 billion revenue in 2020 as power tools are widely used in residential DIY activities. Rising Do-It-Yourself (DIY) activities and increasing use of DIY tools in North America are expected to boost the demand for power tools from DIY application. Furthermore, growing consumer preference for DIY tools for DIY activities, such as plumbing, interior home renovation, is further expected to drive the regional market growth.
The power tools in North America market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Mode
- Electric Corded
- Electric Cordless
North America Market, By Tool Type
- Drilling & Fastening
- Sawing & Cutting Tools
- Material Removal
North America Market, By Application
The above information has been provided for the following countries: