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
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.)
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
List of Tables:
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
List of Figures:
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
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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