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 - Starting a New Business Chapter
The Hand Tool Manufacturing industry has moderate barriers to entry. Although the industry has no prohibitive regulations or requirements, there are several internal barriers that may deter companies from entry.
Large incumbent firms, including Stanley Black & Decker and Snap-on, pose a threat to companies wishing to enter the industry. These companies are able to attain greater economies of scale than small companies with limited resources and global presence. As a result, larger industry firms have significant bargaining power over suppliers and distributors and can manufacture bulk quantities to lower the cost of production per unit... purchase to read more