Tool's time: Renewed demand from manufacturing and construction sectors will return the industry to growth

Demand in the Power Tools and Other General Purpose Machinery Manufacturing industry depends on industrial production, construction and the manufacturing sectors. Over the past five years, the industry has experienced contradictory forces from downstream demand, which has resulted revenue contracting over the five years to 2017. Though construction activity has been strong, commodity prices have hindered manufacturers, while the appreciation of the US dollar has led to less exports and higher import penetration. Over the five years to 2022, however, the industry is forecast to return to growth once more, due to renewed manufacturing demand and continued construction growth, as well as the expected depreciation of the US dollar boosting export levels...purchase to read more.

Industry Statistics & Market Size
Revenue
$48bn
Annual Growth 12-17
-0.2%
Forecast Growth 17-22
Profit
Employment
149,531
Businesses
3,459
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 Investment Chapter

    Capital intensity for the Power Tools and Other General Purpose Machinery Manufacturing industry is low. For every dollar operators spend on wages, IBISWorld estimates that $0.07 will be spent on capital investment. Due to the expense of acquiring capital equipment to manufacture the many diverse components included in the industry, manufacturers commonly purchase ready-made inputs from outside suppliers. These include metal frames, plastic bodies and microprocessors (for more advanced equipment). The rate of net addition to capital stock (capital expenditure minus capital stock retired) is estimated to decrease at a faster rate than wages as a percentage of revenue, which reflects an industrial trend toward more specialized projects that require more labor resources. Thi...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
  • Industrial-process furnaces and ovens
  • Power-driven hand tools
  • 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
  • Profit
  • Purchases
  • Wages
  • Other 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-Weighted Index (2008-2022)

  • 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 Power Tools & Other General Purpose Machinery Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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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