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Power Tools Market Report 2002


Published Date: March 2002
Published By: Key Note Publications Ltd
Page Count: 87
Order Code: R310-0342
 
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In 2000, the consumer market for power tools was worth an estimated £264m at retail selling prices (rsp), with accessories contributing a further £67m. The following 12 months saw more modest growth than in recent years, and Key Note estimates the value of the market at £277m in 2001, with sales of accessories remaining at £67m.

The power tools sold to the consumer sector include drills, screwdrivers and combined drill/drivers, saws, sanders, angle grinders, planers, routers, multifunction tools, decorating tools (wallpaper strippers, painting systems, paint sprays and heat guns), wet-and-dry vacuum cleaners designed for DIY or outdoor use, pressure washers, steam cleaners, tackers, staplers, glue guns, scrapers and electric brushes. Growth has been strongest in cordless tools and innovative products, such as multisanders and powered paint sprays.

The market is affected by the general level of spending on DIY, which has been strong in recent years, owing to the growth in the housing market and the popularity of television programmes focusing on DIY and interior design. In 1999 and 2000, growth in sales of power tools and accessories outperformed overall growth in spending on DIY goods. This was the result of a high level of product innovation and the availability of lower-priced, entry-level tools. This report covers the industry, focusing primarily on the UK market.


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