Renewed power: Improving production and construction activity will support industry growth

IBISWorld’s Power Tool Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • Mass-produced imports will continue to put pressure on operators’ pricing and profit margins
  • Rising corporate profit and employment levels boosted demand for power tools significantly
  • Demand for power tools will increase throughout the construction sector

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    Industry Analysis & Industry Trends

    The Power Tool Manufacturing industry's dependence on the construction sector led to unusually strong growth in industry revenue over the past five years. As the economic recovery took hold, construction activity increased, leading to an ongoing boost in demand for power tools. Starting from historically low levels, industry revenue growth was very high as it proceeded to make up for lost ground. Over the next five years, the industry is expected to benefit from more stable demand from the construction sector. However, persistent import competition and volatile input prices will pressure operators' profit margins moving forward...

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    Industry Report - Industry Locations Chapter

    Great Lakes

    With 27.1% of US power tool manufacturing establishments, the Great Lakes region of the United States has the largest concentration of industry activity. Long considered the manufacturing hub of the United States, this region is home to many packaging, welding and automobile manufacturers, as well as a number of ports dotted along the coast of the Great Lakes that provide ample access to Canada, the industry's largest export destination. Of particular importance within this region are Ohio, Michigan and Illinois, which account for 11.1%, 6.3% and 5.6% of industry establishments, respectively.


    The Western region of the United States holds the second-largest concentration of industry activity, with 20.1% o..

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    Additional Insights for the Power Tool Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Power Tool Manufacturing Industry are

  • Establishment of brand names
  • Having a diverse range of clients
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction and Value of residential construction in the Power Tool Manufacturing industry impact industry performance..

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    Industry Products

    What is the Power Tool Manufacturing Industry?

    This industry manufactures power-driven (e.g. battery, corded, pneumatic) hand tools including drills, circular saws, chain saws and nail guns. Operators that manufacture such tools may also sell spare or replacement parts. This industry excludes operators that exclusively sell parts, power-driven heavy construction hand tools (e.g. tampers, jackhammers), powered pumps and vacuums, outdoor powered equipment (e.g. lawnmowers, power washers) and machine tools for woodcutting.

    Industry Products
    Pneumatic, hydraulic and power-actuated tools
    Electric tools
    Battery-powered tools
    Internal-combustion-driven tools
    Other tools and parts
    Industry Activities
    Manufacturing pneumatic-powered tools
    Manufacturing hydraulic-powered tools
    Manufacturing electric-powered tools
    Manufacturing battery-powered (cordless) tools
    Manufacturing internal-combustion-engine-driven tools
    Manufacturing spare parts for power tools

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction
  • Value of residential construction
  • Private spending on home improvements
  • Trade-weighted index

  • Current Performance
  • Primary demand drivers
  • Economic recovery drives demand from the construction sector
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthy downstream demand
  • Import penetration remains a threat
  • Increased R&D
  • Table: Power Tool Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Power Tool Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Consumers

  • Key Selling Industries
  • Ball Bearing Manufacturing
  • Battery Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Electrical Equipment Manufacturing
  • Ferrous Metal Foundry Products
  • Metal Pipe & Tube Manufacturing
  • Plastic Products Miscellaneous Manufacturing
  • Screw, Nut & Bolt Manufacturing

  • Products & Services
  • Internal-combustion-driven tools
  • Pneumatic, hydraulic and power-actuated tools
  • Electric tools
  • Other tools and parts
  • Battery-powered tools
  • Chart: Power Tool Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction
  • Exports
  • Other
  • Automotive and aviation markets
  • Chart: Major Market Segmentation for the Power Tool Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Additional expenses
  • Chart: Cost Structure Benchmarking – Sector vs Power Tool Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Power Tool Manufacturing Industry

  • Industry Globalization
    Major Companies
    Stanley Black & Decker Inc.Snap-on Inc.Techtronic Industries Co. Ltd.
  • Table: Stanley Black & Decker Inc. - financial performance
  • Table: Snap-on Inc. - financial performance
  • Table: Techtronic Industries Co. Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Power Tool Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Power Tool Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Value of Construction (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, households goods and other consumer products.
  • Computer-Aided Design
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Do-It-Yourself
  • A category of customers who complete tasks and projects on their own that would generally be outsourced to a business or service provider, for example, home renovations and wedding planning.
  • Hydraulic Tool
  • A tool driven by a compressed liquid, where the liquid is stored in tiny cylinders within the tool and is forced through an internal small space to provide power.
  • Pneumatic Tool
  • A tool driven by gas, such as compressed air or carbon dioxide, where compressed air stored in tiny cylinders within the tool is forced through an internal small space to provide power.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Power Tool Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Power Tool Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Power Tool Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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