U.S. Power-Driven Handtool Market. Analysis And Forecast to 2030
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View PricingPower-Driven Handtool Price in the United States - 2023
Contents:
- Power-Driven Handtool Price in the United States (CIF) - 2022
- Power-Driven Handtool Price in the United States (FOB) - 2023
- Power-Driven Handtool Imports in the United States
- Power-Driven Handtool Exports in the United States
Power-Driven Handtool Price in the United States (CIF) - 2022
The average power-driven handtool import price stood at $21 per unit in 2022, increasing by 13% against the previous year. Overall, the import price, however, recorded a deep downturn. Over the period under review, average import prices attained the peak figure at $58 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($63 per unit), while the price for South Korea ($2.2 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.4%), while the prices for the other major suppliers experienced a decline.
Power-Driven Handtool Price in the United States (FOB) - 2023
In August 2023, the average power-driven handtool export price amounted to $13.2 per unit, dropping by -4.9% against the previous month. In general, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 42% month-to-month. As a result, the export price attained the peak level of $21.0 per unit. From January 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Canada ($104 per unit), while the average price for exports to Hong Kong SAR ($1.6 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.
Power-Driven Handtool Imports in the United States
In 2022, purchases abroad of power-driven handtools decreased by -15% to 361M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 91%. Over the period under review, imports reached the maximum at 424M units in 2021, and then declined in the following year.
In value terms, power-driven handtool imports dropped to $7.6B in 2022. The total import value increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of $7.9B, and then contracted slightly in the following year.
| Import of Power-Driven Handtool in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,490 | 3,386 | 3,745 | 3,280 | -2.0% |
| Vietnam | 0.9 | 570 | 1,157 | 1,278 | 1024.0% |
| Mexico | 566 | 807 | 1,169 | 1,163 | 27.1% |
| Taiwan (Chinese) | 357 | 352 | 443 | 448 | 7.9% |
| Germany | 347 | 338 | 410 | 426 | 7.1% |
| Japan | 130 | 128 | 178 | 193 | 14.1% |
| South Korea | 22.3 | 21.9 | 27.9 | 31.4 | 12.1% |
| Others | 587 | 572 | 769 | 780 | 9.9% |
| Total | 5,500 | 6,175 | 7,898 | 7,599 | 11.4% |
Top Suppliers of Power-Driven Handtool to the United States in 2022:
- China (162.4M units)
- Taiwan (Chinese) (60.0M units)
- Germany (29.9M units)
- Mexico (27.1M units)
- Vietnam (20.4M units)
- Japan (15.2M units)
- South Korea (14.4M units)
Power-Driven Handtool Exports in the United States
In 2022, after three years of growth, there was significant decline in shipments abroad of power-driven handtools, when their volume decreased by -40.8% to 119M units. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,331%. The exports peaked at 200M units in 2021, and then shrank sharply in the following year.
In value terms, power-driven handtool exports amounted to $1.6B in 2022. The total export value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Power-Driven Handtool in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 594 | 594 | 786 | 857 | 13.0% |
| Mexico | 156 | 179 | 210 | 189 | 6.6% |
| Germany | 39.0 | 49.0 | 46.5 | 45.4 | 5.2% |
| United Kingdom | 40.0 | 36.4 | 43.8 | 38.3 | -1.4% |
| China | 33.6 | 34.3 | 34.4 | 37.1 | 3.4% |
| Brazil | 17.1 | 19.5 | 20.6 | 24.8 | 13.2% |
| Japan | 22.2 | 18.4 | 21.9 | 22.9 | 1.0% |
| Others | 360 | 298 | 372 | 393 | 3.0% |
| Total | 1,262 | 1,228 | 1,535 | 1,607 | 8.4% |
Top Export Markets for Power-Driven Handtool from the United States in 2022:
- Mexico (64.6M units)
- China (17.4M units)
- Canada (7.7M units)
- Germany (6.4M units)
- United Kingdom (5.3M units)
- Brazil (2.0M units)
- Japan (1.8M units)
This report provides an in-depth analysis of the power-driven handtool 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:
- NAICS 333991 - Power-driven handtool manufacturing
Companies mentioned:
- Snap-On-Tools Corporation
- Stanley Black & Decker
- Milwaukee Electric Tool Corporation
- John Deere Consumer Products
- Stihl Incorporated
- Robert Bosch Tool Corporation
- Senco Brands
- Dynabrade
- Ryobi Technologies
- Tippmann Sports
- Ardisam
- Zircon Corporation
- Chicago Pneumatic Tool Company
- Snap-On Incorporated
- Bolttech Mannings
- Diamond Mk Products
- Darex
- Black & Decker (u.s.)
- Blount
- P & F Industries
- George Jue Mfg Co
- Seescan
- Diamond Z Trailer
- Makita Corporation of America
- Bhl International
- Porter-Cable Corporation
- Churchill Aerospace
- Cooper Tools
- Comact Equipment US
- Hilti North America
- Air Incorporated Pneumatic Tools
- Kendall Industries Incorporated
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.
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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
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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
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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
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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
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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
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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
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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
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The U.S. leads the way in global imports of power-driven handtools, accounting for a X% share (based on USD). Germany (X%), France (X%), and the UK (X%) followed. In 2015, U.S. power-driven handtool imports totaled X m
412
Machine Tool imports reached a significant value of $735M in June 2023.
1522
Machine Tool imports totaled $784M in March 2023
2464
In 2016, the machine tool market increased by X% to X million USD, fluctuating considerably over the period under review.
71
During the review period, Scale And Balance imports reached a peak in 2023 and are projected to continue growing. In terms of value, imports slightly decreased to $942M in 2023.
136
In April 2023, the growth rate of Scale And Balance was exceptionally high, increasing by 30% compared to the previous month. The value of imports declined to $77M in November 2023.
213
In April 2023, the growth of Scale And Balance was at its most rapid, experiencing a month-to-month increase of 30%. By August 2023, the value of imports for Scale And Balance reached $87M.
192
In April 2023, the scale and balance price stood at $10,884 per ton (CIF, US), with a decrease of -19.5% against the previous month.
732
The U.S. takes first place in global imports of scales and balances, accounting for a X% share (based on USD). It was followed by China (X%), Germany (X%), and Japan (X%). In 2015, U.S. scale and balance imports totaled X
1221
In November 2022, the rolling mill price amounted to $17.5 per kg (CIF, US), which is down by -31.5% against the previous month.
