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The 2024 America's most Trusted study by Lifestory Research surveyed thousands of people across the United States to rank their most preferred brands of power tools.<br><br>DeWalt is a reputable brand of [https://blogfreely.net/starcone08/the-most-underrated-companies-to-monitor-in-the-buy-power-tool-industry power tools online] tools and accessories well-known for its quality and reliability. Towson, Maryland is the headquarters of the company. Stanley Black &amp; Decker is an American home improvement company that offers a broad range of hand and power tools. The renowned tools are available at Home Depot and Lowe's. The brand also has various lines of tools that are affordable under the Kobalt and Husky names.<br><br>Other retailers<br><br>Home improvement projects are more popular than ever, fueled by increasing mortgage rates and the low housing inventory. Hardware stores are a great source for homeowners since they offer a variety of tools and equipment. However, the increasing popularity of e-commerce and online marketplaces is creating new challenges for these retailers. They must be creative to meet the needs of their customers.<br><br>According to the TraQline Durable Data on IQ for 4Q ending September 2023, big box retailers dominate the overall [https://cameradb.review/wiki/This_Is_How_Cheap_Power_Tools_Will_Look_In_10_Years power tool sale] tool market. In terms of dollar share for outlets, Home Depot led the way with a 30% market share, while Lowe's had a slight decrease in their draw rate from outlets year-over-year. Walmart also participated in the outlet market, but it only made up 14% of total power tool dollars.<br><br>In brand market share, DeWalt maintained a strong lead, claiming 17% market share for units sold. Ryobi and Craftsman saw their market share decrease however, they continued to enjoy a high level of respect from consumers. 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