Power Tools

US demand for power tools will expand 4.0 percent per annum through 2020 to $7.2 billion. Ongoing strength in construction activity and housing starts will boost demand for power tools used in construction applications, and continued growth in manufacturing output will fuel demand for industrial power tools. In addition, accelerations in growth of disposable incomes and consumer spending will contribute to sales gains in both the professional and consumer markets. Among consumers, those with less interest in do-it-yourself (DIY) activities will be more likely to outsource jobs to professionals, while many of those undertaking DIY activities will upgrade from more basic power tools to higher priced or more technologically advanced models.