U.S.: Power-Driven Handtool Market 2025

Power-Driven Handtool Market Size in the U.S.

The U.S. power-driven handtool market expanded notably to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a remarkable increase from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Power-driven handtool consumption peaked in 2022 and is expected to retain growth in the near future.

Power-Driven Handtool Production in the U.S.

In value terms, power-driven handtool production amounted to $X in 2022. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Power-driven handtool production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Power-Driven Handtool Exports

Exports from the U.S.

After six years of growth, shipments abroad of power-driven handtools decreased by X% to X units in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, power-driven handtool exports rose slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Mexico (X units) was the main destination for power-driven handtool exports from the United States, with a X% share of total exports. Moreover, power-driven handtool exports to Mexico exceeded the volume sent to the second major destination, China (X units), fourfold. Canada (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Canada (X% per year).

In value terms, Canada ($X) remains the key foreign market for power-driven handtools exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average power-driven handtool export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, faced a sharp downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Power-Driven Handtool Imports

Imports into the U.S.

In 2022, after five years of growth, there was significant decline in overseas purchases of power-driven handtools, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped in the following year.

In value terms, power-driven handtool imports contracted to $X in 2022. Overall, total imports indicated a resilient increase from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest power-driven handtool supplier to the United States, with a X% share of total imports. Moreover, power-driven handtool imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Germany (X units) ranked third in terms of total imports with an X% share.

From 2013 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of power-driven handtools to the United States, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2013 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average power-driven handtool import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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