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Hand Tool Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hand Tool Manufacturing Market Research Report | Industrial Machinery, Gas & Chemicals | Commercial & Service Machinery Manufacturing | Jun 2016

Double-edged: Despite growth, cheaper imports will dampen demand for domestic goods

The Hand Tool Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Snap-on Inc. Snap-on Inc. market share
Stanley Black & Decker Inc. Stanley Black & Decker Inc. market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 11-16
0.3%
Annual Growth 16-21
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Profit
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Employment
26,052
Businesses
874
Industry Analysis & Industry Trends

The Hand Tool Manufacturing industry has exhibited a strong postrecessionary performance, as revenue growth has been consistent through the five years to 2016. The improving economic climate has facilitated a greater willingness by consumers to spend on home improvement projects. Over the next five years, the industry may be subject to slower demand from consumers, increased competition from foreign goods and elevated input costs for materials such as steel, aluminum, fiberglass and plastics. In general, the industry's products are built for an extended lifespan, and the replacement cycle for such tools is slow.... purchase to read more

Industry Report - Industry Locations Chapter

Hand tool manufacturers are generally located near downstream industries. As such, the Great Lakes region accounts for the largest proportion of industry establishments, with about 27.0%. The Great Lakes region has significant manufacturing activity, which requires hand tools from the industry. The region contains a significant amount of America's motor vehicle, electrical and food processing industries. Industry firms flock to this area to be located close to demand locations to reduce transportation costs and increase turnaround time. Wisconsin is home to industry player Snap-on Inc., and industrial items that Illinois produces (e.g... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hand Tool Manufacturing Industry?

This industry primarily manufactures hand tools, including mechanics’ hand service tools, precision measuring tools, agricultural tools and woodcutting tools. This industry does not include power hand tools of any kind (electric or hydraulic).

Industry Products
Mechanics' hand service toolsPrecision measuring toolsEdge tools, hand-operated
 
Industry Activities
Manufacturing mechanics' hand service toolsManufacturing precision measuring toolsManufacturing agricultural toolsManufacturing woodcutting toolsManufacturing plumbers' toolsManufacturing jewelers' tools


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