Power Tools are Booming
Filed under Industry News
Power tool sales in the US are projected to grow at a 5.1% rate over the next five years, hitting $11 billion by 2011 according to MarketResearch.com. While historical growth has been driven largely by the professional trades (electric saws and pheumatic nailers were the big sellers), gung-ho DIYers are projected to be an increasing factor.
The reason? Cordless tools, of course. That and the increasing interest by Americans in home improvement activities. General innovations in tool usability and technology seem to have something to do with it, too.
Seems like a fine time to start a blog on power tools... ;-)
(via HGTVPro)
Posted by Aaron on February 21, 2006 5:30 PM |
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