- Recent reports suggest that theft of power tools from construction sites is increasing exponentially and will continue to rise through 2025.
- The National Equipment Register (NER) estimates the value of construction equipment stolen each year is somewhere between $300 million to $1 billion.
- Met Police data reveals London tool theft hits £57k/$75k per day, or about £21m/$27.5m per year.
- In one region of Colorado alone, more than $1.5 million was lost in construction site theft in 2021.
- The average value of auto-mechanic's tools is between $25-50,000.
- Thieves are 10 times more likely to steal powered hand tools than non-powered hand tools, with 32,067 taken from 2019 to 2021 in the UK.
- Why Are Builders Helping Tool Thieves Get Away With It? Skill Builder
- A recent study by On The Tools, an online community for those who work in the construction sector, has revealed that at least 78% of tradespeople have had their tools stolen at least once over the course of their career, while 57% have experienced such a crime twice or more.
- Analysis of police force data by Direct Line business insurance shows a total of £66 million worth of tools were stolen from tradespeople’s vehicles in 2022, whilst In total, 35,098 tools thefts were reported to the police in 2022 – up 13 per cent from the 31,161 reported cases the previous year, equating to a tool being taken every 15 minutes…