Overview

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

IBISWorld’s Power Tools & Other General Purpose Machinery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Starting a New Business Chapter

    The level of technology and specialist knowledge is potentially the largest barrier to entering this industry. Employees do not require additional licensing to operate but are required to have a high level of specialization with regard to engineering and metalworking skills. In some industry areas where the production process is less involved, technical knowledge is only a medium barrier to entry. Increasing quality accreditation requirements are also heightening barriers. Without proper quality accreditation, businesses can be restricted in the types of customer contracts they receive. Furthermore, product specialization in this industry is essential to carve out revenue in an already crowded marketplace.

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    Stanley Black & Decker Inc.
  • Table: Stanley Black & Decker Inc. - financial performance

  • Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • Why buy this report?

    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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