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Market Overview:
The U.S Power Tools Market size is estimated to reach $9.7 Billion by 2031, growing at a CAGR of 6.1% during the forecast period 2025-2031, according to a recent report published by IndustryARC, titled, “U.S Power Tools Market - By Tool Type (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools and Others), By Mode of Operation (Electric Power Tools, Pneumatic Power Tools, Hydraulic Power Tools, Gas-Powered Tools and Others), By Application (Residential, Manufacturing, Automotive, Construction, Healthcare, Energy, Aerospace and Others), By Sales Channel (Online and Offline), Opportunity Analysis & Industry Forecast, 2025-2031”.
Power tools can be used for a variety of tasks, from minor installs to large-scale building projects, daily repairs, and do-it-yourself projects. They are known to have a wide range of users, including professional workers, contractors, and do-it-yourselfers. When compared to manual tools, power tools are more versatile and perform better. They enable users to carry out operations and finish projects involving a variety of materials, such as concrete, wood, and metals. Thus, the performance and versatility of these tools is driving the growth of the U.S Power Tools market.
Electric Power Tools Dominated the Market in 2024
Electric Power Tools are largest segment in the U.S Power Tools market, in terms of mode of operation. The growth of the U.S. power tools market is driven by strategic acquisitions, such as Rhino Tool House's acquisition of Power Tools & Supply, Inc. (PTS). For instance, In January 2024, Rhino Tool House announced the acquisition of Power Tools & Supply, Inc. (PTS), a Michigan-based provider of assembly tools and material handling solutions for the automotive and automation sectors. This acquisition strengthens Rhino Tool House's presence in Michigan and Northern Ohio, enhancing its service capabilities and expanding its product offerings. Such acquisitions reflect the trend of market players consolidating expertise and expanding geographic reach to meet the growing demand for advanced power tools.
U.S Power Tools Market: Key Takeaways
Growth in Commercial Construction
The growth in commercial construction sector is driving the U.S Power Tools market significantly. With the use of these power tools, construction workers can boost productivity and accuracy while saving time and effort. For instance, spending on non-residential buildings is projected to increase more than 7% in the year 2024, according to The American Institute of Architects mid-year Consensus Construction Forecast. Additionally, according to Lodging Econometrics’ latest Hotel Construction Pipeline Trends Report, in late 2024, the U.S. hotel construction pipeline reached a record high of 6,378 projects (746,986 rooms), marking a 7% year-over-year increase in projects and 8% in rooms. Growth was strong across all project stages, with higher-tier segments leading the expansion. Thus, the demand for efficient and reliable tools is expected to rise significantly to meet the needs of this expanding construction activity.
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Rise in DIY(Do-It-Yourself) Activities
The rise in DIY(Do-It-Yourself) activities is propelling the growth of the U.S Power Tools market. An increasing number of homeowners are taking on renovation and repair projects themselves, motivated by cost-saving benefits and the desire for personalized home improvement. For instance, a 2023 nationwide survey on American women’s DIY home improvement habits found that 93% have completed a DIY project, spending an average of $2,300. The most transformed spaces include bedrooms, bathrooms, kitchens, living rooms, and yards. Painting is the most popular activity, followed by redecorating, replacing fixtures, landscaping, and installing appliances. Home repair is also common, with 78% unclogging drains and many fixing holes, replacing appliances, resetting fuses, and changing locks. This trend increased the demand for versatile power tools such as cordless drills, saws, and sanders. Manufacturers are innovating lightweight, ergonomic, and battery-powered tools, making them accessible to a wider audience, including non-professionals. Additionally, power tools can be safer to use than manual tools when used properly. Guards and automatic shut-off switches are among the safety measures that many power tools include to help avoid accidents.
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Recent Developments:
- In October 2024, Makita U.S.A., Inc. launched the 40V max XGT 9" Power Cutter (GEC03), offering enhanced power and reduced vibration for improved performance and user comfort. Designed for professionals like masons, contractors, and rescue personnel, this cordless tool delivers 45% more power and 55% less vibration than previous models. With a maximum cutting depth of 3-1/2", it efficiently handles masonry and metal cutting applications.
- In August 2024, Milwaukee introduced four new M18 FUEL Braking Grinders, offering cordless grinding performance with enhanced run-time and ergonomics. These models, including the M18 FUEL 4-½”-6” Braking Grinder Paddle Switch and Variable Speed Grinder with ONE-KEY, deliver 13A corded-equivalent power without compromises. Featuring a PowerState Brushless Motor and RedLink PLUS Intelligence, they achieve 9,000 RPM for faster material removal and improved productivity.
U.S Power Tools Market: Competitive Landscape
Key companies profiled in the U.S Power Tools Market are Stanley Black & Decker, Inc., Apex Tool Group, LLC, Makita U.S.A., Inc., Enerpac Tool Group Corp., Robert Bosch LLC, Emerson Electric co., Ingersoll Rand, Atlas Copco North America LLC, Husqvarna AB, Hilti and Others.
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