U.S. - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPower Tool Prices in the United States
U.S. Power Tool Import Price in June 2022
In June 2022, the power tool price amounted to $65 per unit (CIF, US), with an increase of 6.4% against the previous month. Over the last five months, it increased at an average monthly rate of +3.2%. The growth pace was the most rapid in March 2022 an increase of 12% against the previous month. Over the period under review, average import prices hit record highs at $67 per unit in April 2022; however, from May 2022 to June 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($94 per unit), while the price for Malaysia ($47 per unit) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Power Tool Import Prices by Type
Average prices varied somewhat amongst the major supplied products. In July 2022, the product with the highest price was in-hand motor grinders, sanders and planers ($72 per unit), while the price for drills of all kinds for working in the hand, with self-contained electric motor ($57 per unit) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by drills of all kinds for working in the hand, with self-contained electric motor (+6.5%), while the prices for the other products experienced more modest paces of growth.
U.S. Power Tool Imports
In July 2022, the amount of power tools imported into the United States contracted modestly to 7.5M units, falling by -2.3% against the previous month's figure. In general, imports recorded a perceptible curtailment. The growth pace was the most rapid in March 2022 with an increase of 12% month-to-month. Imports peaked at 10M units in January 2022; however, from February 2022 to July 2022, imports failed to regain momentum.
In value terms, power tool imports expanded slightly to $514M (IndexBox estimates) in July 2022. Overall, imports showed a slight setback. The pace of growth appeared the most rapid in March 2022 with an increase of 25% m-o-m. Imports peaked at 626M units in April 2022; however, from May 2022 to July 2022, imports failed to regain momentum.
U.S. Power Tool Imports by Type
In July 2022, in-hand motor grinders, sanders and planers (5M units) constituted the largest type of power tool supplied to the United States, with a 67% share of total imports. Moreover, in-hand motor grinders, sanders and planers exceeded the figures recorded for the second-largest type, saws for working in the hand, with self-contained electric motor (1.4M units), threefold.
From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of import of in-hand motor grinders, sanders and planers totaled -4.4%. With regard to the other supplied products, the following average monthly rates of growth were recorded: saws for working in the hand, with self-contained electric motor (-4.4% per month) and drills of all kinds for working in the hand, with self-contained electric motor (-6.7% per month).
In value terms, in-hand motor grinders, sanders and planers ($357M) constituted the largest type of power tool supplied to the United States, comprising 69% of total imports. The second position in the ranking was held by saws for working in the hand, with self-contained electric motor ($97M), with a 19% share of total imports.
U.S. Power Tool Imports by Country
In June 2022, China (4.2M units) constituted the largest supplier of power tool to the United States, with a 55% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Mexico (1.6M units), threefold. Vietnam (1.1M units) ranked third in terms of total imports with a 15% share.
From January 2022 to June 2022, the average monthly growth rate of volume from China stood at -9.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+5.9% per month) and Vietnam (-3.8% per month).
In value terms, China ($222M) constituted the largest supplier of power tool to the United States, comprising 44% of total imports. The second position in the ranking was held by Mexico ($108M), with a 22% share of total imports. It was followed by Vietnam, with a 21% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of value from China amounted to -7.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+7.6% per month) and Vietnam (-0.2% per month).
This report provides an in-depth analysis of the power tool market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241190 -
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
430
This report provides an in-depth analysis of the power tool market in the U.S..
273
This report provides an in-depth analysis of the non-electric chainsaw market in the U.S..
285
This report provides an in-depth analysis of the hand tools market in the USA.
249
This report provides an in-depth analysis of the electromechanical chainsaw market in the USA.
258
This report provides an in-depth analysis of the electromechanical circular saw market in the USA.
264
This report provides an in-depth analysis of the electromechanical hand drill market in the USA.
260
This report provides an in-depth analysis of the battery hand drill market in the USA.
296
This report provides an in-depth analysis of the electromechanical hand tools market in the USA.
249
This report provides an in-depth analysis of the electromechanical handsaw market in the USA.
361
This report provides an in-depth analysis of the market for pneumatic or hydraulic hand tool in the U.S..
282
This guide provides valuable insights and strategies for successfully entering the power tools market in the United States. It covers market analysis, market entry strategy, distribution channels, and assistance from authorities and trade associations.
143
Discover the top import markets for power tools based on their import value in 2022. Get valuable insights on the global demand for power tools and potential opportunities for manufacturers and exporters.
890
In 2016, the global imports of electro-mechanical tool totaled X tons, picking up by X% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relativel...
724
In 2016, the global imports of electro-mechanical tool totaled X tons, picking up by X% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relativel...
1449
Global electro-mechanical tool market production (drills of all kinds, saws or other) was estimated
1135
In 2015, the value of total imports on the global electro-mechanical tool market stood at X million USD. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical terms, the total volume of electro-mechanical too
1211
From 2007 to 2015, global consumption on the electro-mechanical tool market grew annually by +X%. The highest annual rates of growth with regard to electro-mechanical tools (drills of all kinds, saws or other) consumption from 2007 to 2015, were reco
1289
From 2007 to 2015, global exports of electro-mechanical tools (drills of all kinds, saws or other) increased by +X% per year, amounting to X million USD in 2015. In physical terms, exports reached X million units in 2015, and remained stable a
907
China dominates in the global electro-mechanical tool trade. In 2014, China exported X thousand tons of electro-mechanical tools totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X
282
This guide provides valuable insights and strategies for successfully entering the power tools market in the United States. It covers market analysis, market entry strategy, distribution channels, and assistance from authorities and trade associations.
