U.S. Power Tools Market size is anticipated to reach USD 12.99 billion by 2028
U.S. Power Tools Industry Overview The U.S. power tools market size was valued at USD 10.14 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.5% from 2021 to 2028. During the first half of 2020, the spread of COVID-19 led to a decrease in orders owing to the temporary suspension of production activities, supply chain disruptions, and decreased consumer spending. However, the demand elevated in the second half of the year, and the market experienced modest year-on-year growth. Post COVID-19, the market is anticipated to record stable growth over the forecast period on account of the resurgence of major end-use industries, such as construction and automotive. Power tools reduce manual efforts as they operate on power sources such as electricity and rechargeable batteries. The ease of operation makes them a preferred tool for applications such as production and assembly lines and maintenance and repair, which involve high-intensity...