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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 | Feb 2014

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

IBISWorld’s Hand Tool Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 09-14
3.5%
Annual Growth 14-19
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Profit
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Employment
25,604
Businesses
1,004
Industry Analysis & Industry Trends

Though demand fell during the recession, the industry has weathered the past five years relatively well. The improving economy led to consumers purchasing hand tools for home improvement projects they had previously delayed. However, over the next five years, the industry is not expected to fare as well, as rising import penetration hampers demand for domestically produced products.... purchase to read more

Industry Report - Industry Analysis Chapter

The industry's strong reliance on the residential sector and the effects of the recession ultimately subdued the overall growth potential for the industry during the past five years. The housing market collapse in mid-2007 led to a decrease in the number of homeowners, thus reducing consumer demand for hand tools. To compound this effect, the subsequent recession forced many consumers to cut back on spending in light of rising unemployment and dwindling disposable incomes. Under such financial pressure, consumers chose to delay home improvement projects, agricultural work and other general repairs that typically incorporate hand tools... 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 toolsAgricultural and woodcutting tools
 
Industry Activities
Manufacturing mechanics' hand service toolsManufacturing precision measuring toolsManufacturing agricultural toolsManufacturing woodcutting toolsManufacturing plumbers' toolsManufacturing jewelers' tools


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