Author Topic: Festool 2022 Price Increase  (Read 2690 times)

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Offline dallas8338

  • Posts: 22
Festool 2022 Price Increase
« on: July 19, 2021, 04:01 PM »
It's coming!  I was at my local Woodcraft and they had signs around the Festool area insinuating a price increase.  The signs had a weird way of saying it- "Save $75 on Domino XL".  I have never seen Festool on sale before so I asked and was told it's just current pricing but that the Domino machines are going up $75 soon.  I believe the Kapex had a $75 bump as well.  The employee did not know the exact date- just that corporate sent out signs to place next the various Festool equipment.  I did not think to take a picture, as this happens every year or so- I just thought it was odd in the way Woodcraft choose to advertise the increase as a "savings" if you buy now!

Does anyone have the price list changes available to share?

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Offline Packard

  • Posts: 533
Re: Festool 2022 Price Increase
« Reply #1 on: July 19, 2021, 04:17 PM »
Both iron ore and aluminum ore are at near-record highs.  To make matters worse, lead times for these metals have gone from a couple of weeks, to 16 weeks in the last month.

Stainless steel has been hit even harder because covid shut down the nickel mines in the Philippines. 

Steel has been banged around by the shortage of iron ore.  And that was caused by a burst dam in Brazil that flooded a major iron mining region.  That is not supposed to recover until late in 2023. 

All of which is to say that manufacturers are more nearly "passing along" cost increases, than they are raising prices.

I was mentioning this morning at the office that I have a 25 + year old Filson medium field bag that I paid the outrageous price of $85.00 in 1997 or so.  According to the Consumer Price Index that would be the equivalent of $145.15 in 2021.  But the current price for this item is $395.00.  Now that is raising prices.
« Last Edit: July 19, 2021, 04:20 PM by Packard »

Offline woodbutcherbower

  • Posts: 69
Re: Festool 2022 Price Increase
« Reply #2 on: July 19, 2021, 04:22 PM »
I think Packard's assessment is right on the money. During the first lockdown over here in Europe, all the sawmills in France shut down - and that country is where a huge proportion of Europe's oak comes from. The cubic metre price tripled within a month, and still hasn't come back down to anything like pre-Covid levels.

The same story holds true on many building materials over here - including the virtual disappearance of gypsum plaster from merchants shelves caused by large-scale mill closure. There was just none on sale anywhere - except on a well-known auction site at 10 times retail price, having been bought in palletloads by unscrupulous profiteers.

Tools, timber and bags still can't hold a candle to bricks and mortar, though. A friend of mine bought a house here in the UK in 1977 for £18,250.

He just sold it for £425,000.
« Last Edit: July 19, 2021, 04:35 PM by woodbutcherbower »

Offline squall_line

  • Posts: 593
Re: Festool 2022 Price Increase
« Reply #3 on: July 19, 2021, 04:53 PM »
I posted a question in "Ask Festool" a month or so ago when I was in one of my self-defeating moods asking when the price increase was coming this year, since it got delayed last year due to COVID.  The typical annual increase was always in the $5-10 range per SKU, though some of the higher-priced tools were more than that.

The subject of this particular thread is "2022 Price Increase".  We're barely more than halfway through 2021, so is this a price increase for next year or this year?

Also, the wording "Save $75!" doesn't surprise me, since they advertised the Shaper Origin price increase pretty much the same way: "Save $100 before the price increase!"

Offline Crazyraceguy

  • Posts: 583
Re: Festool 2022 Price Increase
« Reply #4 on: July 19, 2021, 05:49 PM »

Tools, timber and bags still can't hold a candle to bricks and mortar, though. A friend of mine bought a house here in the UK in 1977 for £18,250.

He just sold it for £425,000.

That's really playing the long game.

I wonder how much difference there is if his purchase price was adjusted for inflation?

The housing market has gone insane here too. People are actually selling for huge profits and storing their "stuff" and moving into small apartments. They plan to wait it out and buy when the market corrects itself.
CSX
DF500 + assortment set
PS420 + Base kit
OF1010
OF1400
MFK700 (2)
TS55, FS1080, FS1400 holey, FS1900, FS3000
CT26E + Workshop cleaning set
RO90
RO125
ETS EC 125
RAS115
ETS 125 (2)
TS75

Offline squall_line

  • Posts: 593
Re: Festool 2022 Price Increase
« Reply #5 on: July 19, 2021, 06:17 PM »

Tools, timber and bags still can't hold a candle to bricks and mortar, though. A friend of mine bought a house here in the UK in 1977 for £18,250.

He just sold it for £425,000.

That's really playing the long game.

I wonder how much difference there is if his purchase price was adjusted for inflation?

The housing market has gone insane here too. People are actually selling for huge profits and storing their "stuff" and moving into small apartments. They plan to wait it out and buy when the market corrects itself.

According to Inflationtool, '18,250 pounds in 1977 are equivalent to 103,312.97 pounds in 2021'

That doesn't take into account any updates, additions, or other maintenance that was put into the property, of course.

Also, people and markets and real estate especially are all weird.  "Location, location, location."  A farmhouse on the edge of town that has a city grow up around it and finds itself in the middle of a desirable school district could drastically inflate over that timespan.

During the early-aughts bubble, my grandparents' neighborhood (all early 60's Midcentury ranches) saw a horrific teardown/rebuild phase.  Luckily their specific block only had a dozen or fewer McMansions built on it, but it was definitely a situation where the land was what people wanted, not the house.  Luckily most of the houses were in good enough shape to save and/or not sell.

Offline Peter Halle

  • Global Moderator
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  • Posts: 12385
  • Remington Steele - My Third Boy
Re: Festool 2022 Price Increase
« Reply #6 on: July 19, 2021, 08:04 PM »
Material costs have gone up.  Shipping costs are insane (remember there are a lot of ocean miles between NA and Germany).

I can see justification for passing on increases for justified expenses, but right now I can't see passing on increases beyond those for increased profitability.

Peter

« Last Edit: July 19, 2021, 08:29 PM by Peter Halle »

Offline Blues

  • Posts: 118
Re: Festool 2022 Price Increase
« Reply #7 on: July 19, 2021, 09:17 PM »
I'm not sure if I'd buy the argument that 'Costs' have gone up and its being passed on to the consumer. Well, Festool has been increasing their prices yr on yr (not just during the pandemic - its a culture) - and they have been getting away with it since they cater to a niche market. Costs typically go down for most consumer goods since every company optimizes their supply chain and every companies purchasing department bargains with their suppliers to drive prices down. Take the electronics market, every year the prices go down with improved functionality and features! Camera's, PC's and Laptops, prices drop significantly yr on yr. The top models try to retain their prices for vastly improved hardware / software capabilities. So why then as a consumer should we accept a basic tool company to increase their prices?! Their tools are not using bleeding edge latest and greatest technology. Some of their drill still use motors with brushes! Some tools like the RO150 and 2200 have been around for years! Yes, they are well designed and solidly built tools - which is why you pay a premium to begin with. But this yr on yr price increase is un acceptable. When you go on a job, you cant simply charge more just because you use Festool tools. Everyone wants you to deliver more for less. Why then should we not expect the same from Festool? I would even argue that older tools that have been around should drop in prices - not the other way around. Don't you guys agree?  :)

Offline squall_line

  • Posts: 593
Re: Festool 2022 Price Increase
« Reply #8 on: July 20, 2021, 07:34 AM »
I happened to be on FUSA's site this morning researching package contents for a few items that are on Recon.

The DF700 has indeed jumped by $74 compared to current retail (up from $1525 to $1599), and the DF500 has jumped $39 from $1060 to $1099.

The easiest way to see this is to search on Google and look at the right-side "Shop Now" pane; Woodcraft is already listing the new prices while BIS and ToolNut (and their Festool-branded sites) are still showing the old price.

Kapex? $1575 up from $1500.

I looked up the CT-MIDI and CT-MINI and they don't show an increase, so it may be "just" the tools right now.

333907-0
333909-1
333911-2
333913-3

Offline imdking

  • Posts: 31
  • Tropical woodworking hobbyist
Re: Festool 2022 Price Increase
« Reply #9 on: July 20, 2021, 08:25 PM »
darn! I should have hurried up and bought a second Domino (the DF 700) and 14mm cutter sooner. I want to make some outdoor benches and gazebos/pergolas.
TS55 REBQ, FS 1400/2, FS 800, Festool carrying bag for rails, FS-AW Cable Deflector, Kapex KS 120 REB, CTM Midi, Domino DF 500, FS-HZ 160 ratchet lever clamps x2.

Offline SoonerFan

  • Posts: 493
Re: Festool 2022 Price Increase
« Reply #10 on: July 20, 2021, 09:21 PM »
It’s not just Festool.  In addition to Festool, I have several Jet tools in my shop.  I was looking at a new jointer recently.  The price was up about $150 if I remember right.  Thankfully lumber has started to come back down a little but still nowhere it was or where I would like it to be. 

Offline squall_line

  • Posts: 593
Re: Festool 2022 Price Increase
« Reply #11 on: July 20, 2021, 10:30 PM »
darn! I should have hurried up and bought a second Domino (the DF 700) and 14mm cutter sooner. I want to make some outdoor benches and gazebos/pergolas.

There's still time if you can find them in stock. The prices haven't officially gone up yet as far as I know.

And they must be in stock somewhere, because I see one or two people who buy a DF 500 and a DF 700 literally 2-4 times per week and list them Buy it Now for $250 over retail on eBay.

Offline egmiii

  • Posts: 216
Re: Festool 2022 Price Increase
« Reply #12 on: July 22, 2021, 07:38 AM »
Material costs have gone up.  Shipping costs are insane (remember there are a lot of ocean miles between NA and Germany).

I can see justification for passing on increases for justified expenses, but right now I can't see passing on increases beyond those for increased profitability.

Peter

And when oil prices tumbled, dramatically reducing shipping costs, did Festool pass those savings on? No, they increased prices.

It's a company culture to raise prices year after year. Simple as that. No need to make excuses for the increases.

I have my eye on a recon midi, but other than that, I stopped buying Festool years ago. Everyone has a point at which their tools no longer provide the best value. I reached mine a while ago.

Offline rmhinden

  • Posts: 474
Re: Festool 2022 Price Increase
« Reply #13 on: July 22, 2021, 11:32 AM »

And when oil prices tumbled, dramatically reducing shipping costs, did Festool pass those savings on? No, they increased prices.

Regarding oil and gas prices, what I have noticed is that when the price of crude oil goes up, the prices at the pump go up immediately.   However, when the prices of crude oil goes down, it takes along while for prices at the pump to go down.

They apparently treat it as a commodity price when the crude price goes up, but not as a commodity price when it goes down :-(

Bob

Offline woodbutcherbower

  • Posts: 69
Re: Festool 2022 Price Increase
« Reply #14 on: July 22, 2021, 02:07 PM »
I'm not sure if I'd buy the argument that 'Costs' have gone up and its being passed on to the consumer. Well, Festool has been increasing their prices yr on yr (not just during the pandemic - its a culture) - and they have been getting away with it since they cater to a niche market. Costs typically go down for most consumer goods since every company optimizes their supply chain and every companies purchasing department bargains with their suppliers to drive prices down. Take the electronics market, every year the prices go down with improved functionality and features! Camera's, PC's and Laptops, prices drop significantly yr on yr. The top models try to retain their prices for vastly improved hardware / software capabilities. So why then as a consumer should we accept a basic tool company to increase their prices?! Their tools are not using bleeding edge latest and greatest technology. Some of their drill still use motors with brushes! Some tools like the RO150 and 2200 have been around for years! Yes, they are well designed and solidly built tools - which is why you pay a premium to begin with. But this yr on yr price increase is un acceptable. When you go on a job, you cant simply charge more just because you use Festool tools. Everyone wants you to deliver more for less. Why then should we not expect the same from Festool? I would even argue that older tools that have been around should drop in prices - not the other way around. Don't you guys agree?  :)

Actually - no I don’t. No-one likes stumping up for anything which costs more this year than it did last year, especially if this is an annual event. I totally take your point about PC’s, phones, TV’s and similar - but these are all home consumer goods which get bought by maybe half of a country’s entire population. Upmarket power tools don’t. It’s a simple fact of manufacturing economics that your entire R&D and manufacturing cost has to be recouped over the number of units you think you can sell over the product’s lifetime,  which, in the case of smartphones, is measured in tens of millions of units per year. Just how much do you think a product like the Domino XL (for example) cost to design and prototype? How much was that vast pile of custom tooling for all of the metal and plastic parts? How much does it cost them to buy in all of the other components, and then employ people to build it, test it, pack it, ship it, and keep some money back so there’s some in the contingency pot to honour a warranty claim? And all those people will happily work 5-10 years and never get an inflation-linked pay raise? The components suppliers, trucking companies, phone company and multitude of other business partners never raise their prices? What about the fact that this equipment is built in a state-of-the-art European factory with proper workers rights, holidays, pension schemes and healthcare instead of a Far-East sweatshop? How much does that building cost to heat, light, maintain, and insure?

And then - how many XL’s get sold annually? Not millions - that’s for sure. I have no clue what the actual number is, but I’d guess at what - no more than a global few hundred units a month for such a specialist product at that price level maybe? Or way less? And as for them dropping the prices of older models, I’d also hazard a guess at the fact that we’re lucky enough to have products like the XL whose very existence is highly likely to be subsidised by price increases on established, consistently larger-volume sellers like the TS55. Machines like the 2200 are still in the product line after many years simply because it's still practically unbeatable, it's still absolutely the best half-inch on the market IMO. Why would they change something so good? And can you honestly imagine the huge line of woodworkers camping overnight to be at the front of the toolshop queue when the new 'this-year's-model' 2200 gets released every year - just like the gullible phone fashionistas all do? It's not gonna happen.

Manufacturers don't raise prices to see if they can 'get away with it'. They do it because their circumstances have changed and they'd like to stay in business. There are two sides to every story. As ever - we all have a choice - pay it or go elsewhere. There are no guns being held against the heads of buyers. The way I've always looked at this, is that an expensive, high-quality tool hurts just the once - when you pay for it. A cheap, nasty tool hurts every time you use it.

And you can charge more if you're running more upmarket equipment, just like the tow-truck guy who's just spent $250,000 on his new Kenworth ultra-rig, charges more than the guy running a 25-year-old ex-Army Diamond T with a towrope. My job rates are partially what they are because I’ve spent half a lifetime investing in top-quality equipment which helps me do the highest-quality work I possibly can, and I'm fortunate enough to work for customers who happily accept that quality costs more. Tools - whether expensive or cheap - are a straightforward business expense which get factored in just the same as everything else. A £1,000 Hilti drill gets depreciated over 5 years / that’s £16.67 a month which gets factored into my rate calculation. Every tool I own is on that depreciation list, along with every other business cost - and those costs, along with my earnings on top, are what sets the rate. Just like Festool - if customers don’t like what I charge, they’re free to go elsewhere. And also just like Festool - there's always someone else who will do the job a little cheaper and a little worse.

And as for your point about everyone wanting you to deliver more for less - Day #1 Lesson #1 on going it alone into self-employment many decades ago was '"If you get more than three-quarters of the jobs you quote for, then you're not charging enough". No disrespect intended - but I can't help but noticing the irony at the fact that you're angry about people wanting more from you for less - but that's exactly what you're expecting Festool to do. If your costs increase - raise your prices. It's how things work.

Greetings from the UK.

« Last Edit: July 22, 2021, 04:48 PM by woodbutcherbower »

Offline Crazyraceguy

  • Posts: 583
Re: Festool 2022 Price Increase
« Reply #15 on: July 22, 2021, 05:31 PM »
That's the problem with the average American consumer. They expect the very lowest prices from Walmart, Target, etc. yet somehow they think that the employees of those stores should be making a far higher wage. These things just don't go together.
All of those goods then come from China, to get lower labor cost, then complain that all of the manufacturing jobs are gone?
CSX
DF500 + assortment set
PS420 + Base kit
OF1010
OF1400
MFK700 (2)
TS55, FS1080, FS1400 holey, FS1900, FS3000
CT26E + Workshop cleaning set
RO90
RO125
ETS EC 125
RAS115
ETS 125 (2)
TS75

Offline SDWW2019

  • Posts: 71
Re: Festool 2022 Price Increase
« Reply #16 on: July 22, 2021, 08:03 PM »
I'm not sure if I'd buy the argument that 'Costs' have gone up and its being passed on to the consumer. Well, Festool has been increasing their prices yr on yr (not just during the pandemic - its a culture) - and they have been getting away with it since they cater to a niche market. Costs typically go down for most consumer goods since every company optimizes their supply chain and every companies purchasing department bargains with their suppliers to drive prices down. Take the electronics market, every year the prices go down with improved functionality and features! Camera's, PC's and Laptops, prices drop significantly yr on yr. The top models try to retain their prices for vastly improved hardware / software capabilities. So why then as a consumer should we accept a basic tool company to increase their prices?! Their tools are not using bleeding edge latest and greatest technology. Some of their drill still use motors with brushes! Some tools like the RO150 and 2200 have been around for years! Yes, they are well designed and solidly built tools - which is why you pay a premium to begin with. But this yr on yr price increase is un acceptable. When you go on a job, you cant simply charge more just because you use Festool tools. Everyone wants you to deliver more for less. Why then should we not expect the same from Festool? I would even argue that older tools that have been around should drop in prices - not the other way around. Don't you guys agree?  :)

Actually - no I don’t. No-one likes stumping up for anything which costs more this year than it did last year, especially if this is an annual event. I totally take your point about PC’s, phones, TV’s and similar - but these are all home consumer goods which get bought by maybe half of a country’s entire population. Upmarket power tools don’t. It’s a simple fact of manufacturing economics that your entire R&D and manufacturing cost has to be recouped over the number of units you think you can sell over the product’s lifetime,  which, in the case of smartphones, is measured in tens of millions of units per year. Just how much do you think a product like the Domino XL (for example) cost to design and prototype? How much was that vast pile of custom tooling for all of the metal and plastic parts? How much does it cost them to buy in all of the other components, and then employ people to build it, test it, pack it, ship it, and keep some money back so there’s some in the contingency pot to honour a warranty claim? And all those people will happily work 5-10 years and never get an inflation-linked pay raise? The components suppliers, trucking companies, phone company and multitude of other business partners never raise their prices? What about the fact that this equipment is built in a state-of-the-art European factory with proper workers rights, holidays, pension schemes and healthcare instead of a Far-East sweatshop? How much does that building cost to heat, light, maintain, and insure?

And then - how many XL’s get sold annually? Not millions - that’s for sure. I have no clue what the actual number is, but I’d guess at what - no more than a global few hundred units a month for such a specialist product at that price level maybe? Or way less? And as for them dropping the prices of older models, I’d also hazard a guess at the fact that we’re lucky enough to have products like the XL whose very existence is highly likely to be subsidised by price increases on established, consistently larger-volume sellers like the TS55. Machines like the 2200 are still in the product line after many years simply because it's still practically unbeatable, it's still absolutely the best half-inch on the market IMO. Why would they change something so good? And can you honestly imagine the huge line of woodworkers camping overnight to be at the front of the toolshop queue when the new 'this-year's-model' 2200 gets released every year - just like the gullible phone fashionistas all do? It's not gonna happen.

Manufacturers don't raise prices to see if they can 'get away with it'. They do it because their circumstances have changed and they'd like to stay in business. There are two sides to every story. As ever - we all have a choice - pay it or go elsewhere. There are no guns being held against the heads of buyers. The way I've always looked at this, is that an expensive, high-quality tool hurts just the once - when you pay for it. A cheap, nasty tool hurts every time you use it.

And you can charge more if you're running more upmarket equipment, just like the tow-truck guy who's just spent $250,000 on his new Kenworth ultra-rig, charges more than the guy running a 25-year-old ex-Army Diamond T with a towrope. My job rates are partially what they are because I’ve spent half a lifetime investing in top-quality equipment which helps me do the highest-quality work I possibly can, and I'm fortunate enough to work for customers who happily accept that quality costs more. Tools - whether expensive or cheap - are a straightforward business expense which get factored in just the same as everything else. A £1,000 Hilti drill gets depreciated over 5 years / that’s £16.67 a month which gets factored into my rate calculation. Every tool I own is on that depreciation list, along with every other business cost - and those costs, along with my earnings on top, are what sets the rate. Just like Festool - if customers don’t like what I charge, they’re free to go elsewhere. And also just like Festool - there's always someone else who will do the job a little cheaper and a little worse.

And as for your point about everyone wanting you to deliver more for less - Day #1 Lesson #1 on going it alone into self-employment many decades ago was '"If you get more than three-quarters of the jobs you quote for, then you're not charging enough". No disrespect intended - but I can't help but noticing the irony at the fact that you're angry about people wanting more from you for less - but that's exactly what you're expecting Festool to do. If your costs increase - raise your prices. It's how things work.

Greetings from the UK.

woodbutcherbower - could not have been said better and likely the best thing I have ever read on this blog. Kudos and thank you!

Offline SDWW2019

  • Posts: 71
Re: Festool 2022 Price Increase
« Reply #17 on: July 22, 2021, 08:08 PM »
Material costs have gone up.  Shipping costs are insane (remember there are a lot of ocean miles between NA and Germany).

I can see justification for passing on increases for justified expenses, but right now I can't see passing on increases beyond those for increased profitability.

Peter

And when oil prices tumbled, dramatically reducing shipping costs, did Festool pass those savings on? No, they increased prices.

It's a company culture to raise prices year after year. Simple as that. No need to make excuses for the increases.

I have my eye on a recon midi, but other than that, I stopped buying Festool years ago. Everyone has a point at which their tools no longer provide the best value. I reached mine a while ago.

egmii - its odd that you are lurking around on a Festool blog even after you "stopped buying Festool years ago"...but then you are very quick to bash the company with your fact-less opinion. If you like cheap, I'm sure you could find an excellent Ryobi or Harbor Freight blog to troll.

Offline egmiii

  • Posts: 216
Re: Festool 2022 Price Increase
« Reply #18 on: July 22, 2021, 08:38 PM »
Material costs have gone up.  Shipping costs are insane (remember there are a lot of ocean miles between NA and Germany).

I can see justification for passing on increases for justified expenses, but right now I can't see passing on increases beyond those for increased profitability.

Peter

And when oil prices tumbled, dramatically reducing shipping costs, did Festool pass those savings on? No, they increased prices.

It's a company culture to raise prices year after year. Simple as that. No need to make excuses for the increases.

I have my eye on a recon midi, but other than that, I stopped buying Festool years ago. Everyone has a point at which their tools no longer provide the best value. I reached mine a while ago.

egmii - its odd that you are lurking around on a Festool blog even after you "stopped buying Festool years ago"...but then you are very quick to bash the company with your fact-less opinion. If you like cheap, I'm sure you could find an excellent Ryobi or Harbor Freight blog to troll.

1) This is a forum, not a blog.
2) I wasn’t aware of the rule that the forum was only for those who are buying Festool on a regular basis.
3) I bought a recon midi this morning.
4) Fact-less opinion?
    A. So did Festool lower prices when commodity prices dropped? No they didn’t. That’s a fact.
    B. By very definition opinions are not facts.
5) If you like cheap…It’s a bit presumptuous of you to assume I like cheap tools. The reality is quite the opposite.
6) Trolling? I merely stated that Festool no longer provides the value to me that it did years ago. Seems like a rather reasonable opinion, not bashing or trolling. We all have unique needs, so what works for you, may not work for others.
« Last Edit: July 23, 2021, 08:44 AM by egmiii »

Offline Coen

  • Posts: 1046
Re: Festool 2022 Price Increase
« Reply #19 on: July 23, 2021, 11:42 AM »
Dollars and other monopoly money is being printed at a record pace. Anything of real value can't be made that way and thus the price expressed in funny money will go up.

Offline egmiii

  • Posts: 216
Re: Festool 2022 Price Increase
« Reply #20 on: July 23, 2021, 11:47 AM »
Dollars and other monopoly money is being printed at a record pace. Anything of real value can't be made that way and thus the price expressed in funny money will go up.

You've got that right...