North America Benchtop Tools Market Outlook, 2029

The North America Benchtop Tools Market is a thriving sector expected to reach USD 1.86 billion by 2032, driven by rise in construction activities.

According to publisher in North American Benchtop Tools Market Report Market Insights The North American benchtop tools market is a thriving sector expected to reach USD 1.86 billion by 2032, growing at a CAGR of 4.0%. This growth is fueled by a robust industrial infrastructure, a strong DIY (Do-It-Yourself) culture, and a growing emphasis on home renovations.

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Market Dynamics Several factors drive the North American benchtop tools market: Rising Construction Activities: Large-scale infrastructure projects and a booming construction industry require efficient tools for cutting, drilling, and finishing tasks. For instance, the Infrastructure Investment and Jobs Act in the US is expected to invest heavily in bridges, roads, and public transit, creating significant demand for benchtop tools used in construction projects. Increasing Disposable Income: Growing disposable income allows homeowners to invest in DIY projects and personal workshops, leading to a rise in demand for affordable and user-friendly benchtop tools. For example, popular brands like CRAFTSMAN cater to this segment with their line of power tools designed for DIY enthusiasts. Technological Advancements: Manufacturers are constantly innovating and introducing new features in benchtop tools. Examples include cordless options for increased mobility, laser guides for enhanced precision, and digitally controlled functionalities for improved user experience. These advancements make benchtop tools more versatile and appealing to a wider range of users. Market Segments

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Manmayi Raval

Manmayi Raval

Research Consultant

The North American benchtop tools market can be segmented by: Product Type: Cutting tools (saws, jigsaws), drilling and fastening tools (drill presses, power screwdrivers), grinding and sanding tools (bench grinders, sanders), and other specialty tools (jointers, planers). Application: Residential (DIY projects, home renovations), Commercial (construction, woodworking shops), and Industrial (manufacturing, metalworking). Distribution Channel: Online retailers like Amazon and offline stores like Home Depot offer a wide variety of benchtop tools, catering to different preferences. Regional Analysis The United States holds the dominant share in the North American benchtop tools market due to its strong industrial base and widespread DIY culture. However, Canada is expected to witness significant growth due to government initiatives focused on infrastructure development and increasing urbanization.

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Manmayi Raval

Key Developments Focus on cordless and compact tools: Manufacturers are increasingly focusing on cordless and compact benchtop tools for better portability and space optimization in workshops. E-commerce boom: The rise of e-commerce platforms provides convenient access to benchtop tools for customers, fostering market growth. Sustainability initiatives: There's a growing trend towards eco-friendly benchtop tools made from recycled materials and featuring energy-efficient motors. Competitive Landscape The North American benchtop tools market is a competitive landscape with established players like Stanley Black & Decker, Robert Bosch Tool Corporation, Makita Corporation, Techtronic Industries (TTI), and Koki Holdings America (Milwaukee) dominating the market share. These companies are constantly innovating and expanding their product lines to cater to the diverse needs of users. Conclusion The North American benchtop tools market is on a steady growth trajectory, driven by factors like increasing construction activities, rising disposable income, and technological advancements. The market offers a wide variety of tools segmented by product type, application, and distribution channel. With a focus on innovation, user experience, and sustainability, the market is poised for continued success in the coming years.

Table of Contents

  • 1 Introduction 6
  • 1.1 Industry Definition and Research Scope 6
  • 1.1.1 Industry Definition 6
  • 1.1.2 Research Scope 7
  • 1.2 Research Methodology 10
  • 1.2.1 Overview of Market Research Methodology 10
  • 1.2.2 Market Assumption 11
  • 1.2.3 Secondary Data 11
  • 1.2.4 Primary Data 11
  • 1.2.5 Data Filtration and Model Design 12
  • 1.2.6 Market Size/Share Estimation 13
  • 1.2.7 Research Limitations 14
  • 1.3 Executive Summary 15
  • 2 Market Overview and Dynamics 17
  • 2.1 Market Size and Forecast 17
  • 2.1.1 Impact of COVID-19 on World Economy 18
  • 2.1.2 Impact of COVID-19 on the Market 21
  • 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 23
  • 2.2 Major Growth Drivers 27
  • 2.3 Market Restraints and Challenges 31
  • 2.4 Emerging Opportunities and Market Trends 34
  • 2.5 Porter’s Fiver Forces Analysis 38
  • 3 Segmentation of North America Market by Product Type 42
  • 3.1 Market Overview by Product Type 42
  • 3.2 Cutting Tools 44
  • 3.3 Drilling Tools 45
  • 3.4 Grinding & Sanding Tools 46
  • 3.5 Jointers, Planers & Routers 47
  • 3.6 Other Products 48
  • 4 Segmentation of North America Market by Application 49
  • 4.1 Market Overview by Application 49
  • 4.2 Residential Use 51
  • 4.3 Commercial Use 52
  • 4.4 Industrial Use 53
  • 4.5 Other Applications 54
  • 5 Segmentation of North America Market by Distribution Channel 55
  • 5.1 Market Overview by Distribution Channel 55
  • 5.2 Online Sales 57
  • 5.3 Offline Sales 58
  • 6 North America Market 2022-2032 by Country 59
  • 6.1 Overview of North America Market 59
  • 6.2 U.S. 62
  • 6.3 Canada 65
  • 6.4 Mexico 67
  • 7 Competitive Landscape 69
  • 7.1 Overview of Key Vendors 69
  • 7.2 New Product Launch, Partnership, Investment, and M&A 72
  • 7.3 Company Profiles 73
  • 3M Company 73
  • CRAFTSMAN 75
  • Ferm International 76
  • Festool 77
  • Hanley Wood Media Inc. 78
  • Hilti 79
  • JPW Industries 80
  • Koki Holdings America Ltd. 81
  • KYOCERA Corporation 82
  • Laguna Tools 83
  • Makita Corporation 84
  • Positec Tool Corporation 85
  • POWERTEC 86
  • PROXXON 87
  • Record Power 88
  • Richpower Industries Inc. 89
  • RIKON Power Tools 90
  • Robert Bosch Tool Corporation 91
  • Samtec Tools and Accessories Pvt. Ltd. 92
  • Stanley Black & Decker 93
  • Techtronic Industries 94
  • Triton Tools 95
  • WEN Products 96
  • RELATED REPORTS 97



Table 1. Snapshot of North America Benchtop Tools Market in Balanced Perspective, 2022-2032 16
Table 2. World Economic Outlook, 2021-2031 19
Table 3. World Economic Outlook, 2021-2023 20
Table 4. Scenarios for Economic Impact of Ukraine Crisis 24
Table 5. Main Product Trends and Market Opportunities in North America Benchtop Tools Market 34
Table 6. North America Benchtop Tools Market by Product Type, 2022-2032, $ mn 42
Table 7. North America Benchtop Tools Market by Application, 2022-2032, $ mn 49
Table 8. North America Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 55
Table 9. North America Benchtop Tools Market by Country, 2022-2032, $ mn 60
Table 10. U.S. Benchtop Tools Market by Product Type, 2022-2032, $ mn 64
Table 11. U.S. Benchtop Tools Market by Application, 2022-2032, $ mn 64
Table 12. U.S. Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 64
Table 13. Canada Benchtop Tools Market by Product Type, 2022-2032, $ mn 66
Table 14. Canada Benchtop Tools Market by Application, 2022-2032, $ mn 66
Table 15. Canada Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 66
Table 16. Mexico Benchtop Tools Market by Product Type, 2022-2032, $ mn 68
Table 17. Mexico Benchtop Tools Market by Application, 2022-2032, $ mn 68
Table 18. Mexico Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 68
Table 19. 3M Company: Company Snapshot 73
Table 20. 3M Company: Business Segmentation 74
Table 21. 3M Company: Product Portfolio 74



Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 15
Figure 4. North America Benchtop Tools Market, 2022-2032, $ mn 17
Figure 5. Impact of COVID-19 on Business 21
Figure 6. Primary Drivers and Impact Factors of North America Benchtop Tools Market 27
Figure 7. World Construction Industry, 2019-2030, $ trillion 30
Figure 8. Worldwide B2C E-commerce Market, 2019-2030, $ bn 30
Figure 9. Primary Restraints and Impact Factors of North America Benchtop Tools Market 31
Figure 10. Investment Opportunity Analysis 35
Figure 11. Porter’s Fiver Forces Analysis of North America Benchtop Tools Market 38
Figure 12. Breakdown of North America Benchtop Tools Market by Product Type, 2022-2032, % of Revenue 43
Figure 13. North America Addressable Market Cap in 2023-2032 by Product Type, Value ($ mn) and Share (%) 43
Figure 14. North America Benchtop Tools Market by Product Type: Cutting Tools, 2022-2032, $ mn 44
Figure 15. North America Benchtop Tools Market by Product Type: Drilling Tools, 2022-2032, $ mn 45
Figure 16. North America Benchtop Tools Market by Product Type: Grinding & Sanding Tools, 2022-2032, $ mn 46
Figure 17. North America Benchtop Tools Market by Product Type: Jointers, Planers & Routers, 2022-2032, $ mn 47
Figure 18. North America Benchtop Tools Market by Product Type: Other Products, 2022-2032, $ mn 48
Figure 19. Breakdown of North America Benchtop Tools Market by Application, 2022-2032, % of Sales Revenue 50
Figure 20. North America Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 50
Figure 21. North America Benchtop Tools Market by Application: Residential Use, 2022-2032, $ mn 51
Figure 22. North America Benchtop Tools Market by Application: Commercial Use, 2022-2032, $ mn 52
Figure 23. North America Benchtop Tools Market by Application: Industrial Use, 2022-2032, $ mn 53
Figure 24. North America Benchtop Tools Market by Application: Other Applications, 2022-2032, $ mn 54
Figure 25. Breakdown of North America Benchtop Tools Market by Distribution Channel, 2022-2032, % of Sales Revenue 56
Figure 26. North America Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%) 56
Figure 27. North America Benchtop Tools Market by Distribution Channel: Online Sales, 2022-2032, $ mn 57
Figure 28. North America Benchtop Tools Market by Distribution Channel: Offline Sales, 2022-2032, $ mn 58
Figure 29. Breakdown of North America Benchtop Tools Market by Country, 2022 and 2032, % of Revenue 60
Figure 30. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 61
Figure 31. U.S. Benchtop Tools Market, 2022-2032, $ mn 63
Figure 32. Canada Benchtop Tools Market, 2022-2032, $ mn 65
Figure 33. Benchtop Tools Market in Mexico, 2022-2032, $ mn 67
Figure 34. Growth Stage of North America Benchtop Tools Industry over the Forecast Period 69
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North America Benchtop Tools Market Outlook, 2029

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