Tool time: Improved construction and manufacturing markets raised demand for industry products

This industry has experienced contradictory forces from downstream demand over the five years to 2018. Construction activity has been strong, whereas commodity prices have hindered manufacturers. Additionally, the appreciation of the US dollar has caused reduced cost competitiveness abroad, and in turn exports have declined. Despite reduced exports and restrained industrial sector, industry revenue has grown. Over the five years to 2023, revenue is expected to exhibit steady growth. Renewed manufacturing demand and construction will drive demand, while trade to industrializing countries is anticipated to reverse the decline of exports. The dollar is forecast to depreciate over the next five years, and uncertainty in key export destinations is expected to recede...purchase to read more.

Industry Statistics & Market Size
Revenue
$51bn
Annual Growth 13-18
0.8%
Forecast Growth 18-23
Profit
Employment
149,825
Businesses
3,690
Market Share of Companies

Industry Threats & Opportunities

  • The industry has experienced contradictory forces from downstream demand
  • Competition has forced US manufacturers to increase their operational efficiencies
  • Operators are expected to experience solid demand from downstream manufacturing sectors
  • Industry Report - Industry Products Chapter

    Product features and end-user applications differentiate the varied range of items this industry manufactures. These features are generally associated with different levels of technological sophistication and technical performance. Industry products are used both as inputs, tools and final products for construction, manufacturing and individual consumers.Fluid-power cylinders, pumps, motors and actuatorsFluid-power technology deals with the generation, control and transmission of pressurized gases and liquids. Fluid power is also subdivided into hydraulics and pneumatics, the difference being that hydraulics use a liquid (mineral oil or water) and pneumatics use air or another inert gas. Ano...purchase to read more.

    Additional Insights for the Power Tools & Other General Purpose Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Power Tools & Other General Purpose Machinery Manufacturing Industry are

  • Meeting environmental requirements
  • An extensive distribution network
  • A diverse range of clients
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Value of construction in the Power Tools & Other General Purpose Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Power Tools & Other General Purpose Machinery Manufacturing Industry?

    Items manufactured under this industry code include: power-driven hand tools, welding and soldering equipment, packaging machinery, industrial-process furnaces and ovens, fluid-power cylinders and actuators, fluid-power pumps and motors, scales and balances and miscellaneous general purpose machinery.

    Industry Products
  • All other general-purpose machinery
  • Welding and soldering equipment
  • Fluid-power cylinders, pumps, motors and actuators
  • Packaging machinery
  • Power-driven hand tools
  • Industrial-process furnaces and ovens
  • Industry Activities
  • Miscellaneous general purpose machinery
  • Welding and soldering equipment
  • Fluid-power cylinder and actuator
  • Packaging-machinery
  • Fluid-power pump and motor
  • Power-driven hand-tool
  • Industrial-process furnace and oven
  • Scale and balance
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Value of construction
  • Trade-weighted index
  • World price of crude oil

  • Current Performance
  • Construction versus industrial trends
  • The importance of trade
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Manufacturing and construction growth
  • The importance of trade
  • Profitability
  • Table: Power Tools & Other General Purpose Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Power Tools & Other General Purpose Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Consumers

  • Key Selling Industries
  • Ball Bearing Manufacturing
  • Battery Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Electrical Equipment Manufacturing
  • Ferrous Metal Foundry Products
  • Metal Pipe & Tube Manufacturing
  • Plastic Products Miscellaneous Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Screw, Nut & Bolt Manufacturing

  • Products & Services
  • All other general-purpose machinery
  • Fluid-power cylinders, pumps, motors and actuators
  • Packaging machinery
  • Welding and soldering equipment
  • Power-driven hand tools
  • Industrial-process furnaces and ovens
  • Chart: Power Tools & Other General Purpose Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Original equipment manufacturers
  • Construction
  • Automotive and aviation
  • Other
  • Chart: Major Market Segmentation for the Power Tools & Other General Purpose Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Power Tools & Other General Purpose Machinery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Power Tools & Other General Purpose Machinery Manufacturing Industry

  • Industry Globalization
    Stanley Black & Decker Inc.,
  • Table: Stanley Black & Decker Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Power Tools & Other General Purpose Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Power Tools & Other General Purpose Machinery Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Trade-Weighted Index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Industrial Robots
  • Machines that perform repetitive tasks, such as welding joints, on assembly lines; used largely to replace human labor and increase operational efficiencies.
  • Actuator
  • A powered device that moves or controls a mechanism or system.
  • Diy
  • Do-it-yourself: an abbreviation for the activity of decorating or improving your home, using your own efforts, rather than paying a professional to do it for you.
  • Fluid-Power Technology
  • Technology that deals with the generation, control and transmission of pressurized gases and liquids.
  • Oem
  • Original Equipment Manufacturers (OEMs) are manufacturers that assemble finished products using components manufactured by upstream companies.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Power Tools & Other General Purpose Machinery Manufacturing can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Power Tools & Other General Purpose Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Power Tools & Other General Purpose Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Power Tools & Other General Purpose Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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