Techtronic Industries Co. Ltd., Stanley Black & Decker, Inc., and Snap-on Incorporated are Dominating the North America Power Tools Market in 2021

North America Power Tools Market is expected to grow with the CAGR of 6.0% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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North America power tools market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in North America power tools market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2020, Milwaukee, a power tool division of Techtronic Industries Co. Ltd. launched Cordless 1” D-Handle High Torque Impact Wrench this product will be used in fastening applications of 2” bolts and features with 2,000 ft-lbs of nut-busting torque.

Techtronic Industries Co. Ltd. is the dominating player in North America power tools market. The other key players existing in the market includes Atlas Copco AB, Stanley Black & Decker, Inc., Snap-on Incorporated, Robert Bosch GmbH, Koki Holdings Co., Ltd., Emerson Electric Co., Festool GmbH, KYOCERA Corporation, Ingersoll Rand, Makita Corporation, Hilti AG, Husqvarna AB, Panasonic Corporation of North America (A subsidiary of Panasonic Corporation), Apex Tool Group, LLC., INTERSKOL, Ferm International B.V., 3M, and Delta Power Equipment Corporation, C. & E. Fein GmbH among others.

 North America Power Tools Market Techtronic Industries Co. Ltd

Techtronic Industries Co. Ltd is headquartered in Hong Kong, China and was founded in year 1985. The company focuses on providing power tools, outdoor power equipment, hand tools and accessories for infrastructure and construction and for various industrial users. The company operates in power equipment, floor care and appliances segments out of which power equipment is market focused segment. The company offers wide range of brand categories such as MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, HOOVER, DIRT DEVIL, VAX, ORECK in which MILWAUKEE, AEG, RYOBI are market focused categories.

  • In May, Milwaukee, a power tool division of Techtronic Industries Co. Ltd. launched MX FUEL Breaker. It is the new demolition tool which is powered by battery and offering low vibration and light weight with the capacity of breaking 2 tons per charge.

The company has wide global presence across North America, Europe, Middle East and Africa, Asia-Pacific, South America with its various subsidiaries such as Milwaukee Electric Tool (U.S.), Ryobi (Japan), Hoover (U.S.), Homelite Corporation (U.S.), Vax (U.K.) among others.

Stanley Black & Decker, Inc.

Stanley Black & Decker, Inc. is headquartered in Connecticut, U.S. was founded in 1843. The company focuses in providing tools and storage products through their various brands such as Stanley, Dewalt, Black+Decker and others. Company operates in nosiness segments such as tools & storage, industry, security out of which tools & storage is market focused segment. Company offers brand categories such as Stanley, Dewalt, Black + Decker, Craftsman, Irwin Tools, Porter + Cable, Facom, Lenox, Lista, Stanley Engineered Fastening, Mac Tools, Stanley Security, Vidmar, Bostitch, Stanley Healthcare, Stanley Infrastructure, Sonitrol, Stanley Access Technologies, Proto, AeroScout, Paladin, Pengo, CAM out of which Dewalt, Black + Decker, Craftsman, Porter + Cable, Bostitch are market focused categories.

  • In September 2019, CRAFTSMAN, a power tool division of Stanley Black & Decker, Inc. launched V20* Cordless System; this new cordless system comprises of power tools such as V20* Cordless Wet Tile Saw with 17-inch cut capacity.

The company has wide global presence across Americas, Europe, Asia-Pacific, Middle East and Africa and generates revenue from subsidiaries such as DEWALT (U.S.), BLACK+DECKER (U.S.), Facom (France), Irwin Industrial Tools (U.S.), Proto (U.S.) and among others.

Snap-on Incorporated

Snap-on Incorporated (2021) is headquartered in Wisconsin, U.S. was founded in 1920. The company focuses in manufacturing, innovating and marketing of tools, diagnostics, equipment and others for various industry professionals. Company operates in business segments such as commercial & industrial group, Snap-on tools group, repair systems & information group of which Snap-on tools group is market focused segment. Company offers product categories such as tool storage, hand tools, power tools, shop & tech, diagnostics out of which power tools are market focused categories.

  • In July 2019, Snap-on Incorporated announced the launch of ATECH2FR125B 3/8" Drive TechAngle FlexHead Torque Wrench. The new product provided better accuracy, more strength and range. With higher range of 5-125 ft-lb technicians were able to cater wider range of applications such as suspensions, engines and passenger tyres. The new product aided the company in increasing the product portfolio of the company.

The company has wide global presence across North America, Africa and Middle East, Asia, Australia, Europe, and South America and also, generates revenue from subsidiaries such as J.H. Williams Tool Group (U.S.), Mitchell 1 (U.S.), Norbar Torque Tools (U.K.), Snap-on (Thailand) Company Limited (Thailand), Snap on Finance UK ltd (U.K.) and among others.