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 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 2012. Although the industry has well-known companies Stanley Black & Decker and Snap-on, the majority of firms 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 0.6% per year to 1,010 firms... purchase to read more