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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 2015

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

IBISWorld’s Hand Tool Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 10-15
0.9%
Annual Growth 15-20
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Profit
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Employment
25,500
Businesses
960
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 SWOT Analysis Chapter

The Hand Tool Manufacturing Industry is in a mature stage of its life cycle. Although industry revenue has been growing over the past five years, the industry's trajectory will level out in the long run due to heavier competition from goods produced abroad. Industry value added, a measure of the industry's contribution to the overall economy, is expected to rise at an annualized rate of 1.7% over the 10 years to 2020, and this is rate largely influenced by the industry rebounding from recessionary lows. Comparatively, US GDP growth is expected to reach 2.5% per year on average over the same period.

For more than a decade, the industry has lost a substantial share of the domestic market to imports. In 2015, imports are expected to account for 36.2% of domestic demand... 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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