Hand Tools

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

US demand for hand tools is projected to increase 1.4% per year to $5.7 billion in 2022. These products will benefit from continuing strength in construction and manufacturing markets, as well as sanguine economic conditions leading to formation of new households and home purchases, which spur consumers to buy hand tools.

This report covers hand tools by Product, Market, and Distribution Channel, along with a discussion of general hand tool industry trends and consumer trends. Data are given in dollar value.

Hand tools covered in the study include:

specialized automotive tools; wrenches; pliers; screwdrivers; hammers; paint and masonry tools; chisels; axes, adzes, and hatchets; hand saws; other hand tools; and parts and attachments

Markets for hand tools include:

Professional (construction, automotive aftermarket, and industrial and other professional)

Consumer

Distribution channels covered in the study include:

Direct sales and distributors

Home centers

Hardware stores

Mass marketers

E-commerce

Scope of the Report

This report covers the scope, size, and growth of the US hand tools market including key trends in applications and market segmentation. Historical data are provided for 2007, 2012, and 2017 with forecasts for 2022, with year-by-year historical market volatility also addressed. Data are provided in dollar value. Also included are survey data on consumer preferences and behavior and analysis of the industry’s key players and their market shares.
Note: Product cover images may vary from those shown
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1. EXECUTIVE SUMMARY
2. OVERVIEW
Key Findings
Consumer Trends
Overview
Women Are An Increasingly Important Market
The Importance of Baby Boomers Cannot Be Forgotten
DIY Ethic & Online Resources
Purchasing Trends
Overview
Hand Tool Quality & Consumer Spending Habits
Who Buys Hand Tools?
Products Most Commonly Purchased
Retail Outlets
How Consumers Make Hand Tool Purchasing Decisions
Brands
Pricing Trends
Global Hand Tool Demand Outlook
US Supply & Demand Overview
Demand Opportunities
Supply Opportunities
Trade
Overview
Imports
Exports
Tariffs
3. PRODUCTS
Key Findings
Overview
Hand Service Tools
Scope
Supply & Demand
Imports
Exports
Suppliers
Specialized Automotive Tools
Scope
Supply & Demand
Trade
Suppliers
Wrenches
Product Description
Supply & Demand
Trade
Suppliers
Pliers
Product Description
Supply & Demand
Trade
Suppliers
Screwdrivers
Product Description
Supply & Demand
Trade
Suppliers
Hammers
Product Description
Supply & Demand
Suppliers
Other Hand Service Tools
Scope
Supply & Demand
Suppliers
Edge Tools
Scope
Supply & Demand
Paint & Masonry Tools
Product Description
Supply & Demand
Suppliers
Chisels
Product Description
Supply & Demand
Axes, Adzes, & Hatchets
Product Description
Supply & Demand
Suppliers
Hand Saws
Product Description
Supply & Demand
Suppliers
Other Hand Tools
Scope
Supply & Demand
Trade
Suppliers
Parts & Attachments
Scope
Supply & Demand
Trade
4. MARKETS
Key Findings
Market Outlook
Scope
Demand Forecast
Professional Demand
Overview
Construction
Automotive Aftermarket
Industrial & Other Professional Services
Scope
Demand Forecast & Analysis
Consumer Demand
Scope
Demand Forecast
Marketing
5. DISTRIBUTION CHANNELS
Key Findings
Sales by Distribution Channel
Direct Sales & Distributors
Scope
Sales Forecast & Analysis
Home Centers
Hardware Stores
Mass Marketers
E-Commerce
6. INDUSTRY STRUCTURE
Key Findings & Industry Composition
Market Share
Competitive Strategies
Overview
Location of Manufacturing Plants: Proximity & Cost Issues
Marketing Strategies: Powerful Brand Names & Comparisons
Cooperative Agreements
Mergers & Acquisitions
Private Label Products
List of Industry Participants
7. APPENDIX
Scope
Definitions
Abbreviations
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Freedonia Group Studies
Macroeconomic Assumptions
Economic Environment
Demographic Trends
Construction Expenditures
Residential Improvements & Repairs
Commercial Building Improvements & Repairs
Housing Completions
Motor Vehicle Industry Overview
Professional Employment Overview
Manufacturers’ Shipments
Consumer Spending
LIST OF TABLES
2. OVERVIEW
Table 2-1 - Consumer Views on Home Improvement & Hand Tools (percent of
respondents)
Table 2-2 - Consumer Views on Power Tool Quality & Consumer Spending Habits
(percent of respondents)
Table 2-3 - Consumer Purchasing Behavior: "Did you buy any general purpose hand
tools in the last 12 months?" by Rural/Suburban/Urban Residency,
Gender, Age Group, Marital Status, & Presence of Children
(percent of respondents)
Table 2-4 - Consumer Purchases by Product: "Which type(s) of general purpose hand
tool(s) did you buy in the last 12 months?” (percent of respondents)
Table 2-5 - Consumer Purchases by Type of Store: "Where did you purchase the hand
tools or accessories?” (percent of respondents)
Table 2-6 - Price Deflator for Hand Tools, 2007 – 2022 (2009=100)
Table 2-7 - Global Hand Tool Demand, 2007 – 2022 (billion dollars)
Table 2-8 - Hand Tool Supply & Demand, 2007 – 2022 (million dollars)
3. PRODUCTS
Table 3-1 - Hand Tool Supply & Demand by Product, 2007 – 2022 (million dollars)
Table 3-2 - Hand Service Tool Supply & Demand, 2007 – 2022 (million dollars)
Table 3-3 - Selected Hand Service Tool Brands
Table 3-4 - Specialized Automotive Tool Supply & Demand, 2007 – 2022 (million
dollars)
Table 3-5 - Wrench Characteristics & Primary Uses by Type
Table 3-6 - Wrench Supply & Demand, 2007 – 2022 (million dollars)
Table 3-7 - Pliers Supply & Demand, 2007 – 2022 (million dollars)
Table 3-8 - Screwdriver Supply & Demand, 2007 – 2022 (million dollars)
Table 3-9 - Hammer Supply & Demand, 2007 – 2022 (million dollars)
Table 3-10 - Other Hand Service Tool Supply & Demand, 2007 – 2022 (million dollars)
Table 3-11 - Edge Tool Supply & Demand, 2007 – 2022 (million dollars)
Table 3-12 - Selected Edge Tool & Hand Saw Brands
Table 3-13 - Paint & Masonry Tool Supply & Demand, 2007 – 2022 (million dollars)
Table 3-14 - Chisel Supply & Demand, 2007 – 2022 (million dollars)
Table 3-15 - Ax, Adze, & Hatchet Supply & Demand, 2007 – 2022 (million dollars)
Table 3-16 - Hand Saw Characteristics & Primary Uses by Type
Table 3-17 - Hand Saw Supply & Demand, 2007 – 2022 (million dollars)
Table 3-18 - Selected Hand Saw Brands
Table 3-19 - Other Hand Tool Supply & Demand, 2007 – 2022 (million dollars)
Table 3-20 - Parts & Attachments Supply & Demand, 2007 – 2022 (million dollars)
4. MARKETS
Table 4-1 - General Reasons for Hand Tool Purchases Among Professional &
Consumer Users
Table 4-2 - Hand Tool Demand by Market, 2007 – 2022 (million dollars)
Table 4-3 - Professional Hand Tool Demand by Sector, 2007 – 2022 (million dollars)
5. DISTRIBUTION CHANNELS
Table 5-1 - Hand Tool Demand by Distribution Channel, 2007 – 2022 (million dollars)
6. INDUSTRY STRUCTURE
Table 6-1 - US Hand Tool Sales by Company, 2017 (million dollars)
Table 6-2 - Selected Cooperative Agreements
Table 6-3 - Selected Acquisitions & Divestitures
Table 6-4 - Private Label Hand Tool Brand & Product Types
7. APPENDIX
Table 7-1 - Relevant Industry Codes
Table 7-2 - Abbreviations & Acronyms Used in Study
Table 7-3 - Macroeconomic Indicators, 2007 – 2022 (billion 2009 dollars)
Table 7-4 - Population & Households, 2007 – 2022 (million persons)
Table 7-5 - Construction Expenditures, 2007 – 2022 (billion dollars)
Table 7-6 - Residential Improvement & Repair Expenditures, 2007 – 2022
(billion dollars)
Table 7-7 - Commercial Building Improvement & Repair Expenditures, 2007 – 2022
(billion dollars)
Table 7-8 - New Housing Indicators, 2007 – 2022 (thousand units)
Table 7-9 - Motor Vehicle Indicators, 2007 – 2022 (thousand units)
Table 7-10 - Professional Employment Indicators, 2007 – 2022 (million persons)
Table 7-11 - Manufacturers’ Shipments, 2007 – 2022 (billion dollars)
Table 7-12 - Personal Consumption Expenditures, 2007 – 2022 (billion dollars)
LIST OF FIGURES
1. EXECUTIVE SUMMARY
Figure 1-1 - US Hand Tools Market
2. OVERVIEW
Figure 2-1 - Key Trends in the US Hand Tools Market
Figure 2-2 - DIY Workshops for Women – Marketing Example
Figure 2-3 - Sample Pinterest DIY Home Décor Project Inspiration Webpage
Figure 2-4 - Global Hand Tool Demand Share by Country/Region, 2017 (billion
dollars)
Figure 2-5 - Hand Tool Demand, 2007 – 2022
Figure 2-6 - Sales Opportunities – Product Example
Figure 2-7 - Hand Tool Imports Share by Source, 2017 (billion dollars)
Figure 2-8 - Hand Tool Exports Share by Destination, 2017 (million dollars)
3. PRODUCTS
Figure 3-1 - Key Trends in US Hand Tool Products
Figure 3-2 - Hand Tool Demand, 2017 – 2022 (million dollars)
Figure 3-3 - Hand Service Tool Demand, 2017 – 2022 (million dollars)
Figure 3-4 - Hand Service Tool Imports Share by Source, 2017 (billion dollars)
Figure 3-5 - Hand Service Tool Exports Share by Source, 2017 (million dollars)
Figure 3-6 - Specialized Automotive Tools – Product Examples
Figure 3-7 - Specialized Automotive Tool Imports Share by Source, 2017 (million
dollars)
Figure 3-8 - Wrenches – Product Examples
Figure 3-9 - Wrench Demand, 2017 – 2022 (million dollars)
Figure 3-10 - Wrench Imports Share by Source, 2017 (million dollars)
Figure 3-11 - Pliers – Product Examples
Figure 3-12 - Screwdrivers & Screwdriver Blades – Product Examples
Figure 3-13 - Hammers – Product Examples
Figure 3-14 - Other Hand Service Tools – Product Examples
Figure 3-15 - Paint & Masonry Tools – Product Examples
Figure 3-16 - Mortise Chisels – Product Example
Figure 3-17 - Ax – Product Example
Figure 3-18 - Hand Saws – Product Examples
Figure 3-19 - Other Hand Tools – Product Examples
4. MARKETS
Figure 4-1 - Key Trends in US Hand Tool Markets
Figure 4-2 - Hand Tool Demand by Market, 2007 – 2017 (million dollars)
Figure 4-3 - Example of Construction Application for Hand Tools
Figure 4-4 - Example of Automotive Application for Hand Tools
Figure 4-5 - Example of Electrician Application of Hand Tools
Figure 4-6 - DIY Television Show Product Usage Example
5. DISTRIBUTION CHANNELS
Figure 5-1 - Key Trends in US Hand Tool Distribution Channels
Figure 5-2 - Hand Tool Demand Share by Distribution Channel, 2017 & 2022 (billion
dollars)
Figure 5-3 - Hand Tool Sales – Father’s Day Marketing Example
Figure 5-4 - Home Depot Online Ordering Options
6. INDUSTRY STRUCTURE
Figure 6-1 - US Hand Tools Market Share, 2017 (billion dollars)
Figure 6-2 - US Hand Tools Market: Leading Supplier
Figure 6-3 - US Hand Tools Market: Second Leading Supplier
Figure 6-4 - US Hand Tools Market: Third Leading Supplier
Figure 6-5 - US Hand Tools Market: Fourth Leading Supplier
Figure 6-6 - US Hand Tools Market: Fifth Leading Supplier
Figure 6-7 - Social Media – Competitive Marketing Strategy Example
7. APPENDIX
Figure 7-1 - Annual Growth in Real GDP, 2000 – 2017, Compared to 1980 – 2005
Average (percent)
Figure 7-2 - Annual Population Growth, 2002 – 2017 (percent)
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