U.S. Power Tools Market Prospective Growth and Trends Report 2028
U.S. Power Tools Industry Overview The U.S. power tools market size is anticipated to reach USD 12.99 billion by 2028, expanding at a CAGR of 3.5%, according to a study conducted by Grand View Research, Inc. The spread of COVID-19 has resulted in a sluggish growth in the demand for power tools in 2020. The market is projected to recover steadily over the next couple of years with the resumption of various end-use industries across the globe. Moreover, the pandemic has propelled companies to adopt online sales channels, which has opened new avenues for market growth. U.S. Power Tools Market Segmentation Grand View Research has segmented the U.S. power tools market based on product, mode of operation, application, type, and sales channel: Based on the Product Insights, the market is segmented into Drills, Saws, Wrenches, Grinders, Sanders, Others. The drills segment held the largest revenue share in 2020, accounting for 31.4% of the overall market. Drills are one of th...