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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
Annual Growth 10-15
Annual Growth 15-20
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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 Analysis Chapter

The industry's strong reliance on the residential sector and the lingering effects of the recession ultimately subdued the overall growth potential for the industry during the past five years. The housing market collapse in mid-2007 led to a decrease in the number of homeowners, thus reducing consumer demand for hand tools. To compound this effect, the subsequent recession forced many consumers to cut back on spending in light of rising unemployment and dwindling disposable incomes. Under such financial pressure, consumers chose to delay home improvement projects, agricultural work and other general repairs that typically incorporate hand tools... 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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