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 2015. 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 Key Buyers Chapter
Overall, the Hand Tool Manufacturing industry has a low level of market share concentration. IBISWorld estimates that the top four companies in the industry make up less than 30.0% of revenue in 2015. Although the industry has well-known companies Stanley Black & Decker and Snap-on, the majority of companies in the industry are small companies that operate locally or specialize in a particular type of hand tool.
In the next five years, industry concentration is expected to increase slightly. During this time, the total number of enterprises is projected to fall an average of 0.5% per year to 938 companies... purchase to read more