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 - 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 companies, 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 companies 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