The forecast for electric power-driven handtools sales in the US shows a steady decline from 2024 to 2028. Starting at $254.68 million in 2024, sales are expected to decrease to $156.67 million by 2028. This represents a compound annual growth rate (CAGR) decline over these five years, indicating a notable downturn in the market. In 2023, sales stood higher than these forecasted figures, reflecting the start of this declining trend.

Future trends to watch for:

Evolution of DIY culture influencing consumer demand
Impact of economic factors such as inflation and interest rates
Technological advancements driving innovation and possibly revitalizing market interest