U.S. Power Tools Market Size & Outlook, 2022-2030
U.S. power tools market, 2018-2030 (US$M)
Related Markets
U.S. power tools market highlights
- The U.S. power tools market generated a revenue of USD 6,859.8 million in 2022 and is expected to reach USD 11,512.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, drills was the largest revenue generating product in 2022.
- Drills is the most lucrative product segment registering the fastest growth during the forecast period.
Power tools market data book summary
| Market revenue in 2022 | USD 6,859.8 million |
| Market revenue in 2030 | USD 11,512.9 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Drills |
| Fastest growing segment | Drills |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drills, Saws, Wrenches, Grinders, Sanders |
| Key market players worldwide | Emerson Electric Co, Ingersoll Rand Inc, Hitachi Ltd, Makita Corp, Robert Bosch Engineering & Business Solutions, Stanley Black & Decker, Techtronic Industries Co Ltd |
Other key industry trends
- In terms of revenue, U.S. accounted for 22.1% of the global power tools market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. power tools market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 11,512.9 million by 2030.
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Power Tools Market Scope
Power Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. power tools market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to power tools market will help companies and investors design strategic landscapes.
Drills was the largest segment with a revenue share of 32.42% in 2022. Horizon Databook has segmented the U.S. power tools market based on drills, saws, wrenches, grinders, sanders covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of power tools market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. power tools market , including forecasts for subscribers. This country databook contains high-level insights into U.S. power tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. power tools market size, by product, 2018-2030 (US$M)
U.S. Power Tools Market Outlook Share, 2022 & 2030 (US$M)
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