Us Power & Hand Tools Market — New York, July 1, 2014 /prnewswire/ —

Among professional users, growth will stem primarily from the recovering construction industry, which is being helped by a boom in housing starts. Additionally, the improved outlook for durable goods manufacturing and the expansion of the vehicle park will boost sales. Advances in the consumer market will be supported by the continued interest in do-it-yourself (DIY) activities. Increasing consumer spending and disposable incomes, as well as ongoing gains in the number of households, will also boost demand. However, the power and hand tool industry faces intense pricing competition from imported products, which will restrain value gains somewhat. Demand for power tools to outpace hand tools Through the forecast period, demand gains for power tools will outpace those for hand tools, a reversal from the 2008-2013 period.
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