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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 | Jun 2016

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
Revenue
$7bn
Annual Growth 11-16
0.3%
Annual Growth 16-21
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Profit
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Employment
26,052
Businesses
874
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

 


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 toolsEdge tools, hand-operated
 
Industry Activities
Manufacturing mechanics' hand service toolsManufacturing precision measuring toolsManufacturing agricultural toolsManufacturing woodcutting toolsManufacturing plumbers' toolsManufacturing jewelers' tools


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