$4.2bn
$XXX.Xm
5,995
108
$XXX.Xm
Power tool manufacturers make power-driven hand tools as well as spare and replacement parts. Manufacturers have faced ups and downs, primarily because of the pandemic and its aftermath. Power tools are heavily tied to construction activity and residential construction boomed in 2020 amid a low housing stock. During this time, the consumer market blossomed as people were bored at home and undertook do-it-yourself (DIY) home improvement projects. Even so, nonresidential construction slumped as business sentiment was down. As economic conditions improved, the construction market took a hit as rising interest rates delayed projects for the time being. Overall, industry revenue has slumped at an expected CAGR of 1.2% through the end of 2024,and is expected to total $4.2 billion in 2024 including an estimated 2.1% depression in 2024 alone. Profit is set to fall to 5.20% as raw material prices have skyrocketed.
Industry revenue has declined at a CAGR of 1.2 % over the past five years, to reach an estimated $4.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Stanley Black & Decker, Inc. | 1,498.0 | 212.3 | 14.2 | |
Makita Corp | 451.5 | 63.5 | 14.1 | |
Snap-On Inc. | 326.0 | 90.8 | 27.9 |
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Industry revenue is measured across several distinct product and services lines, including Pneumatic, hydraulic and powder-actuated tools, Electric tools and Battery-powered tools . Pneumatic, hydraulic and powder-actuated tools is the largest segment of the Power Tool Manufacturing in the US.
Internal combustion engine-driven tools continue to dominate
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.
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NAICS 33399 - Power Tool Manufacturing in the US
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Power Tool Manufacturing in the US industry in United States is $4.2bn in 2024.
There are 108 businesses in the Power Tool Manufacturing in the US industry in United States, which has declined at a CAGR of 3.3 % between 2019 and 2024.
The market size of the Power Tool Manufacturing in the US industry in United States has been declining at a CAGR of 1.2 % between 2019 and 2024.
Over the next five years, the Power Tool Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Power Tool Manufacturing market in United States are Stanley Black & Decker, Inc., Makita Corp and Snap-On Inc.
Manufacturing pneumatic-powered tools and Manufacturing hydraulic-powered tools are part of the Power Tool Manufacturing in the US industry.
The company holding the most market share in United States is Stanley Black & Decker, Inc..
The level of competition is moderate and steady in the Power Tool Manufacturing in the US industry in United States.