North America power tools market

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North America Power Tools Market – Industry Trends and Forecast to 2029

North America Power Tools Market – Industry Trends and Forecast to 2029

North America Power Tools Market By Type (Saws & Cutting Tools, Drilling & Fastening Tools, Demolition Tools, Nailers, Routing Tools, Portable Nibblers, Pneumatic Tools, Material Removal Tools, Cords and electrical plugs, scissor accessories, others) Mode of operation (electric, liquid fuel tool, hydraulic, pneumatic, powder tools), application (concrete and construction, woodworking, metalworking, welding, others), material (concrete, wood/metal, brick/block, glass, other), end user (industrial/professional, residential), sales channel (indirect sales, direct sales), industry trends and forecasts by country (United States , Canada, Mexico) until 2029.

Market Analysis and Overview: North America Power Tools Market

• Power tools market is expected to witness market growth during the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.0% during the forecast period of 2022 to 2029 and is expected to reach USD 17,979.46 million by 2029. The launch of embedded smart connected devices is driving the growth of the market.
North America power tools market scope and market size
The North America power tools market is segmented on the basis of type, mode of operation, application, material, end user, and sales channel. Growth between segments helps you analyze growth niches and strategies to approach the market and determine your main application areas and the difference between your target markets.
• On the basis of type, the market is segmented into sawing & cutting tools, drilling & fastening tools, demolition tools, nailers, routing tools, portable nibblers, pneumatic tools, material removal tools, lanyards and electrical outlets, scissors, accessories, others. In 2022, sawing and cutting may dominate the type segment and is expected to grow at a faster rate considering wide application and high utilization of metalworking and woodworking cutting tools.
• Based on the mode of operation, the market is segmented into electric, liquid fuel, hydraulic, pneumatic and powder tools. In 2022, electric will hold the largest market share in the operation mode segment as most of the purchased tools are electric owing to its lower running cost and ease of use.
• Based on application, the market is segmented into concrete and construction, carpentry, metallurgy, welding, others. In 2022, concrete and construction holds the largest market share in the application segment and is expected to grow at a faster rate as infrastructure develops across the globe where heavy duty power tools are required as the concrete structures concrete are not easy to break or change.
• On the basis of materials, the market is segmented into concrete, wood/metal, brick/block, glass, others. In 2022, the materials segment will be dominated by concrete given its consistency with the applications segment. Also; the concrete material is a solid structure and requires power tools to change it.
• On the basis of end user, the market is segmented into industrial/professional, residential. In 2022, Industrial/Professional will dominate the end-user segment and is expected to grow at a higher rate considering large-scale operations in industrial fields that need to be completed in minimum time where power tools are of a great help.
On the basis of sales channel, the market is segmented into indirect sales, direct sales. In 2022, the sales channel segment will be dominated by indirect sales as these tools are mainly purchased from distributors or vendors; however, with the growth of the e-commerce industry and online direct sales by company direct sales, they are increasing at a higher rate.
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