North America Benchtop Tools Market 2022-2032 by Product Type (Cutting, Drilling, Grinding & Sanding), Application (Residential, Commercial, Industrial), Distribution Channel (Online, Offline), and Country: Trend Forecast and Growth Opportunity

December 2023 | 97 pages | ID: N6041515EF75EN
GMD Research

Abstracts

North America benchtop tools market is projected to grow by 4.0% annually in the forecast period and reach $1.86 billion by 2032. The growth is driven by the rising construction projects, availability of new tools for benchtop work, and growing purchasing power.

Highlighted with 21 tables and 34 figures, this 97-page report “North America Benchtop Tools Market 2022-2032 by Product Type (Cutting, Drilling, Grinding & Sanding), Application (Residential, Commercial, Industrial), Distribution Channel (Online, Offline), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America benchtop tools market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America benchtop tools market in every aspect of the classification from perspectives of Product Type, Application, Distribution Channel, and Country.

Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Cutting Tools
• Drilling Tools
• Grinding & Sanding Tools
• Jointers, Planers & Routers
• Other Products

Based on Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Residential Use
• Commercial Use
• Industrial Use
• Other Applications

By Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Online Sales
• Offline Sales

Geographically, the following national/local markets are fully investigated:

• U.S.
• Canada
• Mexico

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Product Type, Application, and Distribution Channel over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

3M Company

CRAFTSMAN

Ferm International

Festool

Hanley Wood Media Inc.

Hilti

JPW Industries

Koki Holdings America Ltd.

KYOCERA Corporation

Laguna Tools

Makita Corporation

Positec Tool Corporation

POWERTEC

PROXXON

Record Power

Richpower Industries Inc.

RIKON Power Tools

Robert Bosch Tool Corporation

Samtec Tools and Accessories Pvt. Ltd.

Stanley Black & Decker

Techtronic Industries

Triton Tools

WEN Products

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
  2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF NORTH AMERICA MARKET BY PRODUCT TYPE

3.1 Market Overview by Product Type
3.2 Cutting Tools
3.3 Drilling Tools
3.4 Grinding & Sanding Tools
3.5 Jointers, Planers & Routers
3.6 Other Products

4 SEGMENTATION OF NORTH AMERICA MARKET BY APPLICATION

4.1 Market Overview by Application
4.2 Residential Use
4.3 Commercial Use
4.4 Industrial Use
4.5 Other Applications

5 SEGMENTATION OF NORTH AMERICA MARKET BY DISTRIBUTION CHANNEL

5.1 Market Overview by Distribution Channel
5.2 Online Sales
5.3 Offline Sales

6 NORTH AMERICA MARKET 2022-2032 BY COUNTRY

6.1 Overview of North America Market
6.2 U.S.
6.3 Canada
6.4 Mexico

7 COMPETITIVE LANDSCAPE

7.1 Overview of Key Vendors
7.2 New Product Launch, Partnership, Investment, and M&A
7.3 Company Profiles

3M COMPANY

CRAFTSMAN
Ferm International
Festool
Hanley Wood Media Inc.
Hilti
JPW Industries
Koki Holdings America Ltd.
KYOCERA Corporation
Laguna Tools
Makita Corporation
Positec Tool Corporation
POWERTEC
PROXXON
Record Power
Richpower Industries Inc.
RIKON Power Tools
Robert Bosch Tool Corporation
Samtec Tools and Accessories Pvt. Ltd.
Stanley Black & Decker
Techtronic Industries
Triton Tools
WEN Products
RELATED REPORTS

List Of Tables

LIST OF TABLES

Table 1. Snapshot of North America Benchtop Tools Market in Balanced Perspective, 2022-2032
Table 2. World Economic Outlook, 2021-2031
Table 3. World Economic Outlook, 2021-2023
Table 4. Scenarios for Economic Impact of Ukraine Crisis
Table 5. Main Product Trends and Market Opportunities in North America Benchtop Tools Market
Table 6. North America Benchtop Tools Market by Product Type, 2022-2032, $ mn
Table 7. North America Benchtop Tools Market by Application, 2022-2032, $ mn
Table 8. North America Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn
Table 9. North America Benchtop Tools Market by Country, 2022-2032, $ mn
Table 10. U.S. Benchtop Tools Market by Product Type, 2022-2032, $ mn
Table 11. U.S. Benchtop Tools Market by Application, 2022-2032, $ mn
Table 12. U.S. Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn
Table 13. Canada Benchtop Tools Market by Product Type, 2022-2032, $ mn
Table 14. Canada Benchtop Tools Market by Application, 2022-2032, $ mn
Table 15. Canada Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn
Table 16. Mexico Benchtop Tools Market by Product Type, 2022-2032, $ mn
Table 17. Mexico Benchtop Tools Market by Application, 2022-2032, $ mn
Table 18. Mexico Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn
Table 19. 3M Company: Company Snapshot
Table 20. 3M Company: Business Segmentation
Table 21. 3M Company: Product Portfolio

List Of Figures

LIST OF FIGURES

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032
Figure 4. North America Benchtop Tools Market, 2022-2032, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of North America Benchtop Tools Market
Figure 7. World Construction Industry, 2019-2030, $ trillion
Figure 8. Worldwide B2C E-commerce Market, 2019-2030, $ bn
Figure 9. Primary Restraints and Impact Factors of North America Benchtop Tools Market
Figure 10. Investment Opportunity Analysis
Figure 11. Porter’s Fiver Forces Analysis of North America Benchtop Tools Market
Figure 12. Breakdown of North America Benchtop Tools Market by Product Type, 2022-2032, % of Revenue
Figure 13. North America Addressable Market Cap in 2023-2032 by Product Type, Value ($ mn) and Share (%)
Figure 14. North America Benchtop Tools Market by Product Type: Cutting Tools, 2022-2032, $ mn
Figure 15. North America Benchtop Tools Market by Product Type: Drilling Tools, 2022-2032, $ mn
Figure 16. North America Benchtop Tools Market by Product Type: Grinding & Sanding Tools, 2022-2032, $ mn
Figure 17. North America Benchtop Tools Market by Product Type: Jointers, Planers & Routers, 2022-2032, $ mn
Figure 18. North America Benchtop Tools Market by Product Type: Other Products, 2022-2032, $ mn
Figure 19. Breakdown of North America Benchtop Tools Market by Application, 2022-2032, % of Sales Revenue
Figure 20. North America Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%)
Figure 21. North America Benchtop Tools Market by Application: Residential Use, 2022-2032, $ mn
Figure 22. North America Benchtop Tools Market by Application: Commercial Use, 2022-2032, $ mn
Figure 23. North America Benchtop Tools Market by Application: Industrial Use, 2022-2032, $ mn
Figure 24. North America Benchtop Tools Market by Application: Other Applications, 2022-2032, $ mn
Figure 25. Breakdown of North America Benchtop Tools Market by Distribution Channel, 2022-2032, % of Sales Revenue
Figure 26. North America Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%)
Figure 27. North America Benchtop Tools Market by Distribution Channel: Online Sales, 2022-2032, $ mn
Figure 28. North America Benchtop Tools Market by Distribution Channel: Offline Sales, 2022-2032, $ mn
Figure 29. Breakdown of North America Benchtop Tools Market by Country, 2022 and 2032, % of Revenue
Figure 30. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 31. U.S. Benchtop Tools Market, 2022-2032, $ mn
Figure 32. Canada Benchtop Tools Market, 2022-2032, $ mn
Figure 33. Benchtop Tools Market in Mexico, 2022-2032, $ mn
Figure 34. Growth Stage of North America Benchtop Tools Industry over the Forecast Period