Hand Tools

  • ID: 4532870
  • Report
  • 206 Pages
  • The Freedonia Group
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Hand Tools

Growth in the US hand tool market will average 1.7 percent annually through 2020, reaching $5.8 billion. Advances will be fueled by strong advances in construction expenditures and by continued growth in the motor vehicle park. In addition, ongoing interest in do-it-yourself activities will boost sales to the consumer market.

This report segments the US hand tool industry by product and market. Data is provided in million US dollars.

Hand tool products include:

Hand service tools

Edge tools

Handsaws

Other hand tools

Parts and attachments

Hand service tools will remain the largest of these through 2020, when they will comprise 56 percent of the market. Fastest growth will be for parts and attachments, due to ongoing strength in construction expenditures and growth in durable good output.

Major hand tool markets include:

Professional demand, including:

Construction

Automotive aftermarket

Industrial and other professional services

Consumer demand Market A

The professional market was the leading market in 2015, dominated by demand in construction applications and accounting for 58 percent of demand. The most rapid gains through 2020 are forecast for the construction market, fueled by ongoing strength in construction expenditures and housing starts.

Among the key distribution channels for power tools are:

Direct sales and distributors

Home centers

E-commerce

Direct sales and distributors, home centers, and other distribution channels comprised the three largest distribution channels in 2015, together accounting for 94.5 percent of sales. Going forward, E-commerce will see the strongest advances, albeit from a small base, primarily due to the pricing advantage that online sales generate and the increasing presence of home centers online.

The US hand tool industry includes nearly 1,000 companies, ranging from small, privately held firms to multinational corporations. This study includes sales data for industry participants such as Apex Tool Group, Channellock, Emerson Electric, Estwing Manufacturing, Great Neck Saw Manufacturers, Klein Tools, Pratt-Read Tools (IDEAL Industries) Snap-on, Stanley Black & Decker, and Techtronic Industries. In addition, the industry has seen a number of notable acquisitions and divestitures in recent years, such as the October 2016 sale of Newell Brands’ tools division to Stanley Black & Decker.
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INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Macroeconomic Outlook
Personal Income & Expenditure Outlook
Population
Household Formation & Housing Stock Outlook
Construction Outlook
Professional Employment Outlook
Motor Vehicle Outlook
Nonresidential Fixed Investment Outlook
Manufacturing Outlook
III. OVERVIEW
Hand & Power Tools
Hand & Power Tool Supply & Demand
Hand Tool Shipments
US Foreign Trade in Hand Tools
Imports
Exports
World Hand Tool Outlook
Pricing Trends
IV. PRODUCTS
Supply & Demand
Hand Service Tools
Imports
Exports
Specialized Automotive Tools
Wrenches
Supply & Demand
Foreign Trade
Pliers
Screwdrivers
Hammers
Other
Edge Tools
Paint & Masonry Tools
Chisels
Axes, Adzes, & Hatchets
Handsaws
Other Hand Tools
Hand Tool Parts & Attachments
V. MARKETS
General
Professional Demand
Construction
Automotive Aftermarket
Industrial & Other Professional Services
Consumer Demand
VI. DISTRIBUTION CHANNELS
Channel Overview
Home Centers
Direct Sales & Distributors
E-Commerce
Other
VII. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Private Label
Competitive Strategies
Research & Product Development
Marketing
Cooperative Agreements
Mergers, Acquisitions, & Divestitures
Company Profiles
Actuant Corporation
Alltrade Tools LLC
Apex Tool Group LLC
Channellock Incorporated
Danaher Corporation
Daniels Manufacturing Corporation
Emerson Electric Company
Estwing Manufacturing Company Incorporated
FACOM, see Stanley Black & Decker
Great Neck Saw Manufacturers Incorporated
Griffon Corporation
Harbor Freight Tools
Hydratight, see Actuant
IDEAL Industries Incorporated
Imperial Supplies, see Grainger (WW)
IRWIN Industrial Tool, see Newell Brands
JPW Industries Incorporated
Klein Tools Incorporated
Leatherman Tool Group Incorporated
Mac Tools, see Stanley Black & Decker
Matco Tools, see Danaher
Milwaukee Electric Tool, see Techtronic Industries
Newell Brands Incorporated
Northern Tool + Equipment
Power Products LLC
Proto Industrial Tools, see Stanley Black & Decker
Ridge Tool, see Emerson Electric
Sherman + Reilly, see Textron
Snap-on Incorporated
Spear & Jackson Group
SPX Corporation
SPX FLOW Incorporated
Stanley Black & Decker Incorporated
Stiletto Tools, see Techtronic Industries
Techtronic Industries Company Limited
Textron Incorporated
Other Companies Mentioned In Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators
2 Personal Consumption Expenditures
3 Population & Households
4 Household Formation & Housing Stock
5 Construction Expenditures
6 Professional Employment
7 Motor Vehicle Indicators
8 Nonresidential Fixed Investment Expenditures
9 Manufacturers’ Shipments
SECTION III -- OVERVIEW
1 Hand & Power Tool Supply & Demand
2 Hand Tool Shipments by Type
3 Hand Tool Foreign Trade
4 World Hand Tool Demand
5 Price Deflators for Hand Tools
SECTION IV -- PRODUCTS
1 Hand Tool Supply & Demand
2 Hand Service Tool Supply & Demand
3 Selected Hand Service Tool Brands
4 Specialized Automotive Tool Supply & Demand
5 Wrench Supply & Demand
6 Plier Supply & Demand
7 Screwdriver Supply & Demand
8 Hammer Supply & Demand
9 Other Hand Service Tool Supply & Demand
10 Edge Tool Supply & Demand
11 Selected Edge Tool & Handsaw Brands
12 Paint & Masonry Tool Supply & Demand
13 Chisel Supply & Demand
14 Ax, Adze, & Hatchet Supply & Demand
15 Handsaw Supply & Demand
16 Other Hand Tool Supply & Demand
17 Hand Tool Parts & Attachments Supply & Demand
SECTION V -- MARKETS
1 Hand Tool Demand by Market
2 Professional Hand Tool Demand by Sector
3 Construction Demand for Hand Tools
4 Automotive Aftermarket Demand for Hand Tools
5 Industrial & Other Professional Demand for Hand Tools
6 Consumer Hand Tool Demand
SECTION VI -- DISTRIBUTION CHANNELS
1 Hand Tool Sales by Distribution Channel
SECTION VII -- INDUSTRY STRUCTURE
1 US Hand Tool Sales by Company, 2015
2 Selected Cooperative Agreements
3 Selected Acquisitions & Divestitures
LIST OF CHARTS
SECTION III -- OVERVIEW
1 Hand Tool Imports by Source, 2015
2 Hand Tool Exports by Destination, 2015
SECTION IV -- PRODUCTS
1 Hand Tool Demand by Product, 2015
2 Hand Tool Demand: Projected 2015-2020 Annual Rate of Growth by Product
3 Hand Service Tool Demand by Product, 2015
4 Hand Service Tool Demand: Projected 2015-2020 Annual Rate of Growth by Product
5 Hand Service Tool Imports by Source, 2015
6 Hand Service Tool Exports by Destination, 2015
7 Wrench Imports & Exports, 2015
8 Edge Tool Demand by Product, 2015
9 Edge Tool Demand: Projected 2015-2020 Annual Rate of Growth by Product
10 Other Hand Tool Demand by Product, 2015
11 Other Hand Tool Demand: Projected 2015-2020 Annual Rate of Growth by Product
SECTION VI -- DISTRIBUTION CHANNELS
1 Hand Tool Sales by Distribution Channel, 2005-2025
SECTION VII -- INDUSTRY STRUCTURE
1 Hand Tool Market Share, 2015
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