World Power Tools Market

  • February 2013
  • -
  • Freedonia
  • -
  • 377 pages

World demand to rise 4.6% annually through 2016

World power tool demand is forecast to increase 4.6 percent annually through 2016 to $28.1 billion. Global demand will improve significantly from 2006- 2011 market gains, spurred by continued demand in developing regions. Recovery in the bedrock US market will also benefit demand, bolstered by the rebound in US housing construction. In addition, continued industrialization in the developing world will boost demand.

China dominates production, India to grow the fastest

China has become the dominant producer of power tools. China has become increasingly important over the last decade, as both a key supplier and user of power tools. Between 2001 and 2011 production in the country more than doubled, while demand during this same period quadrupled. Major export markets for Chinese made power tools include its regional neighbors, the US, and Western Europe. In recent years, other developing countries have also risen as notable suppliers and users of power tools, although none of these countries have experienced the same degree of growth as China. India will increase at the fastest rate of any country, expanding more than 10 percent per year through 2016.

Industrialized countries to remain largest markets

Power tool demand will continue to be heaviest among industrialized countries. The intensity of power tool use in these countries is a byproduct of their sizable professional markets, as well as a large consumer base. However, power tool saturation is much higher in these nations and, going forward, demand gains will trail growth in developing countries.

Cordless electric tools to be fastest growing products Cordless electric tools will experience the most robust growth through 2016, advancing 8.3 percent per year. Cordless tools will continue to replace plug-in models, as technological improvements have shortened the power advantage that corded tools once held. In the aggregate, electric power tools account for the majority of all power tool demand, as they are used extensively by both professionals and consumers in most applications. Pneumatic tools will be spurred by rising motor vehicle production, which itself is a byproduct of industrialization in the developing world. Demand for engine-driven and other tool types (e.g., hydraulic, powder-actuated) will benefit from a recovery in the world’s forestry industry, as lumber is a key material used in the construction industry. Additionally, the continued need for these tools in niche applications will support advances.

Professional demand to outpace consumer market

Professional demand, which accounted for 70 percent of global power tool sales in 2011, will outpace consumer demand through 2016. Within the professional market there are numerous specific applications where power tools find use; however, the three primary outlets are in the automotive (including automotive aftermarket), construction, and manufacturing industries. Consumer users of power tools include do-it-yourselfers (DIYers), hobbyists, and homeowners. Demand for power tools in the consumer market tends to be less dependent on government trends. Instead, cultural preferences and personal income levels are a more significant indicator of consumer power tool demand.

Study coverage

This upcoming Freedonia industry study, World Power Tools, is priced at $6300. It presents historical demand data (2001, 2006, and 2011) as well as forecasts for 2016 and 2021 by product, market, world region, and for 25 countries. The study also considers key market environment factors, evaluates company market share, and profiles 34 industry competitors.

Table Of Contents

TABLE OF CONTENTS

INTRODUCTION xi

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Outlook 5
Recent Economic Performance 5
Macroeconomic Outlook 7
World Population Overview 11
World Urbanization Patterns 13
Personal Income and Expenditure Trends 15
Fixed Investment Trends 17
World Construction Outlook 19
World Motor Vehicle Park 21
Power Tool Pricing Patterns 23
Technology and Product Innovations 25
Environmental Regulations 28

III. OVERVIEW 30

General 30
Regional Overview 31
Demand 31
Production 34
International Trade 37
Demand by Type 39
Electric 41
Electric Tool Demand by Product 42
Drills 43
Saws 45
Sanders, Polishers, and Grinders 47
Other Electric Tools 48
Parts and Accessories 50
Electric Tool Demand by Power Source 52
Plug-In 53
Cordless 54
Pneumatic 57
Engine-Driven and Other 59
World Power Tool Demand by Market 60
Professional 61
Consumer 64

IV. NORTH AMERICA 66

General 66
United States 72
Canada 80
Mexico 86

V. WESTERN EUROPE 91

General 91
Belgium 97
France 103
Germany 108
Italy 113
Netherlands 118
Spain 123
Sweden 128
Switzerland 133
United Kingdom 138
Other Western Europe 143

VI. ASIA/PACIFIC 150

General 150
Australia 156
China 162
India 168
Indonesia 173
Japan 178
South Korea 184
Taiwan 189
Thailand 194
Other Asia/Pacific 199

VII. OTHER REGIONS 206

Central and South America: General 206
Brazil 212
Other Central and South America 217
Eastern Europe: General 222
Poland 227
Russia 232
Other Eastern Europe 237
Africa/Mideast: General 242
South Africa 247
Turkey 252
Other Africa/Mideast 257

VIII. INDUSTRY STRUCTURE 262

General 262
Industry Composition 263
Market Share 264
Product Development and Manufacturing 268
Marketing 269
Distribution 271
Professional 271
Consumer 272
Financial Requirements 274
Mergers, Acquisitions, and Industry Restructuring 275
Cooperative Agreements 277
Company Profiles 279
Actuant Corporation 280
AEG Electric Tools, see Techtronic Industries
Apex Tool Group LLC 285
Atlas Copco AB 288
Besco Pneumatic, see Stanley Black and Decker
Black and Decker, see Stanley Black and Decker
Blount International Incorporated 293
Bosch (Robert) GmbH 296
BandQ, see Kingfisher
Carlton, see Blount International
Changzhou Heli Electric Appliance Company Limited 302
Chicago Pneumatic Tools, see Atlas Copco
DEPRAG-Schulz GmbH and Company 303
DeWALT Industrial Tool, see Stanley Black and Decker
Diamant Boart International, see Husqvarna
DreBo Werkzeugfabrik, see Techtronic Industries
Duo-Fast Construction, see Illinois Tool Works
Emerson Electric Company 305
Emhart Teknologies, see Stanley Black and Decker
Enerpac, see Actuant
FACOM, see Stanley Black and Decker
Fini Nuair Group SpA 309
Gardner Bender, see Actuant
Grainger (WW) Incorporated 310
Great Neck Saw Manufacturers Incorporated 313
Greenlee Textron, see Textron
Hilti AG 315
Hitachi Koki Limited 319
Homelite Consumer Products, see Techtronic Industries
Husqvarna AB 323
Hydratight, see Actuant
ICS Blount, see Blount International
Illinois Tool Works Incorporated 329
Ingersoll-Rand plc 333
IRWIN Industrial Tool, see Newell Rubbermaid
ITW Ramset, see Illinois Tool Works
Jiangsu Dongcheng Power Tools Company Limited 335
Jiangsu Jinding Electric Tools Group Company Limited 336
Kingfisher plc 337
Kulkarni Power Tools Limited 340
Mac Tools, see Stanley Black and Decker
Makita Corporation 341
Metabowerke GmbH 345
Milwaukee Cylinder, see Actuant
Milwaukee Electric Tool, see Techtronic Industries
Miranda Amsaw Private, see Newell Rubbermaid
Newell Rubbermaid Incorporated 347
Nu Air USA, see Fini Nuair Group
Panasonic Corporation 350
Porter-Cable, see Stanley Black and Decker
Ridge Tool, see Emerson Electric
Ryobi Limited 352
Senco Brands Incorporated 353
Shanghai Ken Tools Company Limited 355
SIMPLEX, see Actuant
Snap-on Incorporated 356
Stanley Black and Decker Incorporated 358
Stanley-Bostitch, see Stanley Black and Decker
Stanley Hydraulic Tools, see Stanley Black and Decker
Stanley Supply and Services, see Stanley Black and Decker
STIHL Holding AG and Company KG 367
Techtronic Industries Company Limited 369
Textron Incorporated 373
TRUMPF Group 375
Zhejiang Huafeng Electric Tools Company Limited 377



LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 11
2 World Population by Region 13
3 World Urban Population by Region 15
4 World Per Capita Gross Domestic Product by Region 17
5 World Fixed Investment by Region 19
6 World Construction Expenditures by Region 21
7 World Motor Vehicle Park by Region 23

SECTION III -- OVERVIEW

1 World Power Tool Demand by Region 33
2 World Power Tool Production by Region 36
3 World Power Tool Net Exports by Region 39
4 World Power Tool Demand by Type 40
5 World Electric Tool Demand by Region 42
6 World Electric Tool Demand by Product 43
7 World Electric Drill Demand by Region 45
8 World Electric Saw Demand by Region 46
9 World Electric Sander, Polisher, and Grinder Demand by Region 48
10 World Other Electric Tool Demand by Region 50
11 World Electric Tool Parts and Accessories Demand by Region 52
12 World Plug-In Electric Tool Demand by Region 54
13 World Cordless Electric Tool Demand by Region 56
14 World Pneumatic Tool Demand by Region 58
15 World Engine-Driven and Other Tool Demand by Region 60
16 World Power Tool Demand by Market 61
17 World Professional Power Tool Demand by Region 63
18 World Consumer Power Tool Demand by Region 65

SECTION IV -- NORTH AMERICA

1 North America: Power Tool Supply and Demand 69
2 North America: Power Tool Demand by Type and Market 71
3 United States: Power Tool Supply and Demand 76
4 United States: Power Tool Demand by Type and Market 79
5 Canada: Power Tool Supply and Demand 83
6 Canada: Power Tool Demand by Type and Market 85
7 Mexico: Power Tool Supply and Demand 88
8 Mexico: Power Tool Demand by Type and Market 90

SECTION V -- WESTERN EUROPE

1 Western Europe: Power Tool Supply and Demand 94
2 Western Europe: Power Tool Demand by Type and Market 96
3 Belgium: Power Tool Supply and Demand 100
4 Belgium: Power Tool Demand by Type and Market 102
5 France: Power Tool Supply and Demand 105
6 France: Power Tool Demand by Type and Market 107
7 Germany: Power Tool Supply and Demand 110
8 Germany: Power Tool Demand by Type and Market 112
9 Italy: Power Tool Supply and Demand 115
10 Italy: Power Tool Demand by Type and Market 117
11 Netherlands: Power Tool Supply and Demand 120
12 Netherlands: Power Tool Demand by Type and Market 122
13 Spain: Power Tool Supply and Demand 125
14 Spain: Power Tool Demand by Type and Market 127
15 Sweden: Power Tool Supply and Demand 130
16 Sweden: Power Tool Demand by Type and Market 132
17 Switzerland: Power Tool Supply and Demand 135
18 Switzerland: Power Tool Demand by Type and Market 137
19 United Kingdom: Power Tool Supply and Demand 140
20 United Kingdom: Power Tool Demand by Type and Market 142
21 Other Western Europe: Power Tool Supply and Demand 145
22 Other Western Europe: Power Tool Demand by Type and Market 147
23 Other Western Europe: Power Tool Supply and Demand by Country 149

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Power Tool Supply and Demand 153
2 Asia/Pacific: Power Tool Demand by Type and Market 155
3 Australia: Power Tool Supply and Demand 159
4 Australia: Power Tool Demand by Type and Market 161
5 China: Power Tool Supply and Demand 165
6 China: Power Tool Demand by Type and Market 167
7 India: Power Tool Supply and Demand 170
8 India: Power Tool Demand by Type and Market 172
9 Indonesia: Power Tool Supply and Demand 175
10 Indonesia: Power Tool Demand by Type and Market 177
11 Japan: Power Tool Supply and Demand 181
12 Japan: Power Tool Demand by Type and Market 183
13 South Korea: Power Tool Supply and Demand 186
14 South Korea: Power Tool Demand by Type and Market 188
15 Taiwan: Power Tool Supply and Demand 191
16 Taiwan: Power Tool Demand by Type and Market 193
17 Thailand: Power Tool Supply and Demand 196
18 Thailand: Power Tool Demand by Type and Market 198
19 Other Asia/Pacific: Power Tool Supply and Demand 201
20 Other Asia/Pacific: Power Tool Demand by Type and Market 203
21 Other Asia/Pacific: Power Tool Supply and Demand by Country 205

SECTION VII -- OTHER REGIONS

1 Central and South America: Power Tool Supply and Demand 209
2 Central and South America: Power Tool Demand by Type and Market 211
3 Brazil: Power Tool Supply and Demand 214
4 Brazil: Power Tool Demand by Type and Material 216
5 Other Central and South America: Power Tool Supply and Demand 219
6 Other Central and South America: Power Tool Demand by Type and Market 221
7 Eastern Europe: Power Tool Supply and Demand 224
8 Eastern Europe: Power Tool Demand by Type and Market 226
9 Poland: Power Tool Supply and Demand 229
10 Poland: Power Tool Demand by Type and Market 231
11 Russia: Power Tool Supply and Demand 234
12 Russia: Power Tool Demand by Type and Market 236
13 Other Eastern Europe: Power Tool Supply and Demand 239
14 Other Eastern Europe: Power Tool Demand by Type and Market 241
15 Africa/Mideast: Power Tool Supply and Demand 244
16 Africa/Mideast: Power Tool Demand by Type and Market 246
17 South Africa: Power Tool Supply and Demand 249
18 South Africa: Power Tool Demand by Type and Market 251
19 Turkey: Power Tool Supply and Demand 254
20 Turkey: Power Tool Demand by Type and Market 256
21 Other Africa/Mideast: Power Tool Supply and Demand 259
22 Other Africa/Mideast: Power Tool Demand by Type and Market 261

SECTION VIII -- INDUSTRY STRUCTURE

1 World Power Tool Sales by Company, 2011 264
2 Selected Acquisitions and Divestitures 276
3 Selected Cooperative Agreements 278



LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Power Tool Pricing Deflators, 2001-2021 25

SECTION III -- OVERVIEW

1 World Power Tool Demand by Region, 2011 34
2 World Power Tool Production by Region, 2011 37

SECTION IV -- NORTH AMERICA

1 North America: Power Tool Demand by Country, 2011 72

SECTION V -- WESTERN EUROPE

1 Western Europe Power Tool Demand by Country, 2011 97

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific Power Tool Demand by Country, 2011 156

SECTION VIII -- INDUSTRY STRUCTURE

1 World Power Tool Market Share by Company, 2011 265

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