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World Power Tools Market

  • January 2015
  • -
  • Freedonia
  • -
  • 407 pages

World demand to rise 4.8% annually through 2018

Worldwide demand for power tools is forecast to increase 4.8 percent per year through 2018 to $32.9 billion, an improvement from the gains that were recorded during the 2008-2013 period. Advances will be fastest in the world’s developing areas, where there is expected to be significant and increasing amounts of construction spending. In particular, areas in the process of modernizing their housing stock, such as China and India, will register especially rapid power tool demand gains. Among developed nations, power tool sales will be boosted by the projected economic rebound and the improving construction activity throughout much of Western Europe and the US.

China, India to be fastest growing power tool markets

In 2013, the US was the world’s largest consumer, and second largest producer, of power tools. The US, alone, will account for approximately one-sixth of additional global sales between 2013 and 2018. This is a significant market because the country is home to substantial construction, manufacturing, and motor vehicle industries, with each utilizing a significant amount of power tools. In addition, there is widespread interest in do-it-yourself (DIY) activities, resulting in a sizable consumer power tool market. China, the second largest single country consumer of power tools in 2013, will achieve faster growth and account for one-quarter of additional global sales through 2018. However, India will post the fastest power tool sales gains between 2013 and 2018, albeit from a very small base. Both countries have an extremely low market penetration for power tools, with more widespread purchases limited by the high initial purchase price of power tools compared to non-powered hand tools. Poverty and unreliable electric grid also play a role, particularly in rural areas. However, this low base creates a large pool of potential power tool users, which will fuel demand.

Cordless electric power tools to grow the fastest

Electric tools account for the vast majority of total power tool sales, benefiting from their widespread use across the professional and consumer markets. In addition, cordless electric models will post the most robust growth in through 2018. Steady improvements in cordless battery technology, such as the adoption of lithium-ion batteries, has increased the power and run time of cordless tools. Power tool producers have also begun to design an entire line of tools around one battery structure, which increases convenience by reducing the number of spare batteries needed at the job site or around the home.

Construction spending to fuel key professional market

The professional market for power tools accounts for the larger share of global sales compared to the consumer market. The intensity of product use varies from country to country, as power tools face varying degrees of competition with hand tools depending on factors such as a country’s level of industrialization, rate of construction spending, and the cost of labor. Advances for professional power tool sales will be bolstered by the solid, and sometimes accelerating, growth in construction spending through the forecast period. In the developed world, market penetration is much higher so more purchases are replacement and upgrade transactions. In the consumer
market, power tools growth is tied more closely to personal spending levels and cultural preferences.

Study coverage

This upcoming study, World Power Tools presents historical demand data (2003, 2008, 2013) plus forecasts (2018, 2023) by product, electric power source, market, world region, and for 25 countries. The study also considers market environment factors, evaluates company market share and profiles 35 global industry players.

Table Of Contents

World Power Tools Market
INTRODUCTION xii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Outlook 5
Recent Economic Performance 5
Macroeconomic Outlook 7
World Population Overview 10
World Urbanization Patterns 12
Personal Income and Expenditure Trends 14
Fixed Investment Trends 16
World Construction Outlook 18
World Motor Vehicle Park 21
Power Tool Pricing Patterns 22
Technology and Product Innovations 24
Regulatory Environment 27
III. OVERVIEW 28
General 28
Regional Overview 29
Demand 29
Production 33
International Trade 36
Demand by Type 38
Electric 40
Electric Tool Demand by Product 41
Drills 42
Saws 43
Sanders, Polishers, and Grinders 45
Other Electric Tools 47
Electric Tool Demand by Power Source 49
Plug-In 50
Cordless 51
Parts and Accessories 53
Pneumatic 55
Tools Powered by Other Energy Sources 58
Demand by Market 61
Professional 62
Consumer 65
IV. NORTH AMERICA 67
General 67
Supply and Demand 68
Demand by Type and Market 70
United States 73
Canada 79
Mexico 85
V. WESTERN EUROPE 90
General 90
Supply and Demand 91
Demand by Type and Market 93
Belgium 96
France 102
Germany 108
Italy 114
Netherlands 119
Spain 124
Sweden 129
Switzerland 134
United Kingdom 139
Other Western Europe 144
VI. ASIA/PACIFIC 152
General 152
Supply and Demand 153
Demand by Type and Market 156
Australia 159
China 165
India 173
Indonesia 179
Japan 185
South Korea 191
Taiwan 197
Thailand 203
Other Asia/Pacific 208
VII. OTHER REGIONS 216
Central and South America 216
General 216
Supply and Demand 217
Demand by Type and Market 219
Brazil 222
Other Central and South America 228
Eastern Europe 234
General 234
Supply and Demand 235
Demand by Type and Market 237
Poland 240
Russia 245
Other Eastern Europe 251
Africa/Mideast 257
General 257
Supply and Demand 258
Demand by Type and Market 260
South Africa 263
Turkey 268
Other Africa/Mideast 273
VIII. INDUSTRY STRUCTURE 278
General 278
Industry Composition 279
Market Share 281
Product Development and Manufacturing 283
Marketing 285
Distribution 286
Professional 286
Consumer 288
Financial Requirements 289
Mergers, Acquisitions, and Industry Restructuring 290
Cooperative Agreements 292
Company Profiles 295
Acklands-Granger, see Grainger (WW)
Actuant Corporation 296
AEG Electric Tools, see Techtronic Industries
Allied Trade Group Stores, see Lowe's Companies
Apex Tool Group LLC 301
Atlas Copco AB 305
BandQ, see Kingfisher
Black and Decker, see Stanley Black and Decker
Bosco Pneumatic, see Stanley Black and Decker
Bosch (Robert) GmbH 311
Brico Depôt, see Kingfisher
Castorama France, see Kingfisher
Changzhou Heli Electric Appliance Company Limited 316
Chicago Pneumatic Tool, see Atlas Copco
DEPRAG-Schulz GmbH and Company 317
DeWALT Industrial Tools, see Stanley Black and Decker
DreBo Werkzeugfabrik, see Techtronic Industries
Duo-Fast, see Illinois Tool Works
EandR Industrial Sales, see Grainger (WW)
Emerson Electric Company 319
Emhart Teknologies, see Stanley Black and Decker
Enerpac, see Actuant
FACOM, see Stanley Black and Decker
Fini Nuair Group SpA 322
Fuji Industrial Technique, see Atlas Copco
GQ Tools, see Stanley Black and Decker
Grainger (WW) Incorporated 324
Great Neck Saw Manufacturers Incorporated 328
Greenlee Textron, see Textron
Hilti AG 329
Hitachi Limited 335
Home Depot Incorporated 339
Hydratight, see Actuant
Illinois Tool Works Incorporated 341
Imperial Supplies, see Grainger (WW)
Infastech, see Stanley Black and Decker
Ingersoll-Rand plc 346
ITW Ramset, see Illinois Tool Works
Jiangsu Dongcheng Power Tools Company Limited 349
Jiangsu Guoqiang Tools, see Stanley Black and Decker
Jiangsu Jinding Electric Tools Group Company Limited 350
Kingfisher plc 351
Klauke (Gustav), see Textron
Koçta? Yapi Marketleri Ticaret, see Kingfisher
Kulkarni Power Tools Limited 354
LENOX, see Newell Rubbermaid
Lowe's Companies Incorporated 356
Mac Tools, see Stanley Black and Decker
Makita Corporation 359
Metabowerke GmbH 363
Milwaukee Electric Tool, see Techtronic Industries
Newell Rubbermaid Incorporated 365
Niagara Tools, see Apex Tool Group
One World Technologies Industries, see Techtronic
Industries
Orchard Supply Hardware, see Lowe's Companies
Panasonic Corporation 368
Paslode Construction, see Illinois Tool Works
Pneumatic Holdings, see Atlas Copco
Porter-Cable, see Stanley Black and Decker
Positec Group Limited 371
Proto Industrial Tools, see Stanley Black and Decker
Ridge Tool, see Emerson Electric
Rothenberger USA, see Textron
Ryobi Limited 373
ScrewFix Direct, see Kingfisher
Senco Brands Incorporated 374
Shanghai Ken Tools Company Limited 376
SIMPLEX, see Actuant
Sioux Tools, see Snap-on
Snap-on Incorporated 377
Societe de Prospection et d'Inventions Techniques, see
Illinois Tool Works
Stanley Black and Decker Incorporated 381
Techtronic Industries Company Limited 391
Tentec, see Atlas Copco
Textron Incorporated 396
TRUMPF Group 399
Vermont American Power Tool Accessories, see Bosch
(Robert)
WFS Enterprises, see Grainger (WW)
Zhejiang Huafeng Electric Tools Company Limited 402
Other Companies in the World Power Tool Industry 403

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 10
2 World Population by Region 12
3 World Urban Population by Region 14
4 World Per Capita Gross Domestic Product by Region 16
5 World Fixed Investment by Region 18
6 World Construction Expenditures by Region 20
7 World Motor Vehicle Park by Region 22
SECTION III -- OVERVIEW
1 World Power Tool Demand by Region and Market 32
2 World Power Tool Production by Region 35
3 World Power Tool Net Exports by Region 38
4 World Power Tool Demand by Type 40
5 World Electric Tool Demand by Region 41
6 World Electric Tool Demand by Product and Power Source 42
7 World Electric Drill Demand by Region 43
8 World Electric Saw Demand by Region 44
9 World Electric Sander, Polisher, and Grinder Demand by Region 46
10 World Other Electric Tools Demand by Region 49
11 World Plug-In Electric Tool Demand by Region 51
12 World Cordless Electric Tool Demand by Region 53
13 World Electric Tool Parts and Accessories Demand by Region 55
14 World Pneumatic Tool Demand by Region 58
15 World Demand for Tools Powered by Other Energy Sources
by Region 61
16 World Power Tool Demand by Market 62
17 World Professional Power Tool Demand by Region 64
18 World Consumer Power Tool Demand by Region 66
SECTION IV -- NORTH AMERICA
1 North America: Power Tool Supply and Demand 70
2 North America: Power Tool Demand by Type and Market 72
3 United States: Power Tool Supply and Demand 76
4 United States: Power Tool Demand by Type and Market 78
5 Canada: Power Tool Supply and Demand 82
6 Canada: Power Tool Demand by Type and Market 84
7 Mexico: Power Tool Supply and Demand 87
8 Mexico: Power Tool Demand by Type and Market 89
SECTION V -- WESTERN EUROPE
1 Western Europe: Power Tool Supply and Demand 93
2 Western Europe: Power Tool Demand by Type and Market 95
3 Belgium: Power Tool Supply and Demand 99
4 Belgium: Power Tool Demand by Type and Market 101
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 111
8 Germany: Power Tool Demand by Type and Market 113
9 Italy: Power Tool Supply and Demand 116
10 Italy: Power Tool Demand by Type and Market 118
11 Netherlands: Power Tool Supply and Demand 121
12 Netherlands: Power Tool Demand by Type and Market 123
13 Spain: Power Tool Supply and Demand 126
14 Spain: Power Tool Demand by Type and Market 128
15 Sweden: Power Tool Supply and Demand 131
16 Sweden: Power Tool Demand by Type and Market 133
17 Switzerland: Power Tool Supply and Demand 136
18 Switzerland: Power Tool Supply and Demand 138
19 United Kingdom: Power Tool Supply and Demand 141
20 United Kingdom: Power Tool Demand by Type and Market 143
21 Other Western Europe: Power Tool Supply and Demand 147
22 Other Western Europe: Power Tool Demand by Type
and Market 149
23 Other Western Europe: Power Tool Supply and Demand
by Country 151
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Power Tool Supply and Demand 156
2 Asia/Pacific: Power Tool Demand by Type and Market 158
3 Australia: Power Tool Supply and Demand 162
4 Australia: Power Tool Demand by Type and Market 164
5 China: Power Tool Supply and Demand 169
6 China: Power Tool Demand by Type and Market 172
7 India: Power Tool Supply and Demand 176
8 India: Power Tool Demand by Type and Market 178
9 Indonesia: Power Tool Supply and Demand 182
10 Indonesia: Power Tool Demand by Type and Market 184
11 Japan: Power Tool Supply and Demand 188
12 Japan: Power Tool Demand by Type and Market 190
13 South Korea: Power Tool Supply and Demand 194
14 South Korea: Power Tool Demand by Type and Market 196
15 Taiwan: Power Tool Supply and Demand 200
16 Taiwan: Power Tool Demand by Type and Market 202
17 Thailand: Power Tool Supply and Demand 205
18 Thailand: Power Tool Demand by Type and Market 207
19 Other Asia/Pacific: Power Tool Supply and Demand 211
20 Other Asia/Pacific: Power Tool Demand by Type and Market 213
21 Other Asia/Pacific: Power Tool Supply and Demand
by Country 215
SECTION VII -- OTHER REGIONS
1 Central and South America: Power Tool Supply and Demand 219
2 Central and South America: Power Tool Demand by Type
and Market 221
3 Brazil: Power Tool Supply and Demand 225
4 Brazil: Power Tool Demand by Type and Market 227
5 Other Central and South America: Power Tool Supply
and Demand 231
6 Other Central and South America: Power Tool Demand by
Type and Market 233
7 Eastern Europe: Power Tool Supply and Demand 237
8 Eastern Europe: Power Tool Demand by Type and Market 239
9 Poland: Power Tool Supply and Demand 242
10 Poland: Power Tool Demand by Type and Market 244
11 Russia: Power Tool Supply and Demand 248
12 Russia: Power Tool Demand by Type and Market 250
13 Other Eastern Europe: Power Tool Supply and Demand 254
14 Other Eastern Europe: Power Tool Demand by Type and Market 256
15 Africa/Mideast: Power Tool Supply and Demand 260
16 Africa/Mideast: Power Tool Demand by Type and Market 262
17 South Africa: Power Tool Supply and Demand 265
18 South Africa: Power Tool Demand by Type and Market 267
19 Turkey: Power Tool Supply and Demand 270
20 Turkey: Power Tool Demand by Type and Market 272
21 Other Africa/Mideast: Power Tool Supply and Demand 275
22 Other Africa/Mideast: Power Tool Demand by Type and Market 277
SECTION VIII -- INDUSTRY STRUCTURE
1 World Power Tool Sales by Company, 2013 280
2 Selected Acquisitions and Divestitures 291
3 Selected Cooperative Agreements 294

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Power Tool Pricing Deflators, 2003-2023 24
SECTION III -- OVERVIEW
1 World Power Tool Demand by Region, 2013 33
2 World Power Tool Production by Region, 2013 36
SECTION IV -- NORTH AMERICA
1 North America: Power Tool Demand by Country, 2013 73
SECTION V -- WESTERN EUROPE
1 Western Europe: Power Tool Demand by Country, 2013 96
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Power Tool Demand by Country, 2013 159
SECTION VIII -- INDUSTRY STRUCTURE
1 World Power Tool Market Share by Company, 2013 281

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