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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 2014

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

IBISWorld’s Hand Tool Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 09-14
3.5%
Annual Growth 14-19
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Profit
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Employment
25,604
Businesses
1,004
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 - Industry Key Buyers Chapter

Overall, the Hand Tool Manufacturing industry has a low level of market share concentration. IBISWorld estimates that the top four companies in the industry make up less than 30.0% of revenue in 2012. Although the industry has well-known companies Stanley Black & Decker and Snap-on, the majority of firms in the industry are small companies that operate locally or specialize in a particular type of hand tool.

In the next five years, industry concentration is expected to increase slightly. During this time, the total number of enterprises is projected to fall an average of 0.6% per year to 1,010 firms... 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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