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Tool Storage Products

  • ID: 4702104
  • Report
  • September 2018
  • Region: Global
  • 162 Pages
  • The Freedonia Group
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Tool Storage Products

Factors influencing the tool storage product market include the expanding presence of the e-commerce channel and tariffs placed on China by the Trump administration. Growth will be modest due to the mature nature of this segment. However, gains will reflect growth in manufacturing output and construction activity, while sanguine economic conditions will spur advances in consumer spending on home repairs and renovations, which will correspond with increased use of tool storage products in the home. This new study discusses how these factors will impact sales of tool storage products going forward.   

Tool storage product classes include:

- Professional-grade - Consumer-grade

Products include:

- Chests &cabinets - Boxes,cases, bags, & belts - Carts - Accessories

Distribution channels include:

- Direct sales & distributors - Home centers - Hardware stores - E-commerce - Mass marketers

Consumer insights discussed:

- Consumer Attitudes - Consumer Purchasing Patterns - Product Innovations - Marketing Trends

Scope of the Report

This report covers the scope, size, and growth of the US Tool Storage Products industry including consumer insights and key trends in product development and marketing. It presents historical data (2007, 2012, and 2017) and forecasts (2022) in value terms by product class, product type, and distribution channel. Data are given in dollar value terms. Also included is an analysis of the key players and their market shares, as well as tariff issues and trends in international trade.
Note: Product cover images may vary from those shown
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1. EXECUTIVE SUMMARY
2. OVERVIEW
Key Findings
Power & Hand Tool Demand Trends
Overview
Annual Sales
Consumer Purchasing Trends
Who Buys Power & Hand Tools?
Most Commonly Purchased Power Tools
Most Commonly Purchased Hand Tools
Domestic & Foreign Production of Metal Products
Tariffs & Antidumping Duties on Imports
Aluminum & Steel Tariffs
Antidumping Duties on Tool Storage Products from China & Vietnam
3. PRODUCTS
Key Findings
Tool Storage Classes
Professional- Versus Consumer-Grade
Demand Forecast by Class
Professional-Grade
Consumer-Grade
Tool Storage Products
Demand by Product
Chests & Cabinets
Scope
Demand Forecast
Suppliers
Boxes, Cases, Bags, & Belts
Scope & Product Description
Demand Forecast
Suppliers
Carts
Scope
Demand Forecast
Suppliers
Accessories
Scope
Demand Forecast
Suppliers
4. CONSUMER TRENDS
Key Findings
Tool Storage Markets
Consumer Insights
Overview
Women Represent an Increasingly Important Market
The Importance of Baby Boomers Cannot Be Forgotten
Millennials Moving into Their First Homes
DIY Ethic
Consumer Views on Tools & Tool Storage
Overview
Tool Ownership
Area of Home Used for Tool Storage
Primary Tool Storage Unit by Gender
Primary Tool Storage Unit by Age Group
Consumer Views on Tools & DIY Engagement
Consumer Views on Tools & DIY Engagement by Age Group
Area of Home Used for Tool Storage by Consumer Views on Tools & DIY
Engagement
Primary Tool Storage Unit by Consumer Views on Tools & DIY Engagement
5. PRODUCT & MARKETING TRENDS
Key Findings
Product Trends
Overview
Durability
Security
Customization
Power Capabilities
Cool Factor
Marketing Trends
Overview
Online Marketing
Experiential Marketing
Doing Well by Doing Good
Event Sponsorship for Brand Awareness
Licensing to Extend a Brand’s Reach
Private Label
6. DISTRIBUTION CHANNELS
Key Findings
Distribution Channel Scope & Introduction
Direct Sales & Wholesale Distributors
Scope & Introduction
Demand Forecast
Home Centers
Hardware Stores
E-Commerce
Mass Marketers
7. INDUSTRY STRUCTURE
Key Findings & Industry Composition
Market Share
Mergers & Acquisitions
Cooperative Agreements
List of Industry Participants
8. 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 - Power & Hand Tool Demand, 2007 – 2022 (million dollars)
Table 2-2 - Consumer Purchasing Behavior: "Did you buy power tools (electric, gas,
battery) or power tool accessories in the last 12 months?" by
Rural/Suburban/Urban Residency, Gender, Age Group, Marital Status,
Presence of Children (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: "Please indicate which power tool(s) or
power tool accessories you bought in the last 12 months.”
Table 2-5 - Consumer Purchases by Product: "Which type(s) of general purpose hand
tool(s) did you buy in the last 12 months?” (percent of respondents)
3. PRODUCTS
Table 3-1 - Tool Storage Demand by Class, 2007 – 2022 (million dollars)
Table 3-2 - Tool Storage Demand by Product, 2007 – 2022 (million dollars)
Table 3-3 - Characteristics of Tool Storage Chests & Cabinets
Table 3-4 - Key Tool Chest & Cabinet Brands by Supplier
Table 3-5 - Characteristics of Tool Storage Boxes, Cases, Bags, & Belts
Table 3-6 - Key Tool Box & Case Brands by Supplier
Table 3-7 - Key Tool Bag & Belt Brands by Supplier
Table 3-8 - Key Tool Cart Brands by Supplier
Table 3-9 - Key Tool Storage Accessory Brands by Supplier
4. CONSUMER TRENDS
Table 4-1 - Consumer Views on Home Improvement & Hand Tools (percent of
respondents)
Table 4-2 - Primary Tool Storage Unit by Age Group, 2018 (percent of respondents)
Table 4-3 - Consumer Views on Tools & DIY Engagement by Age Group, 2018
(percent of respondents)
5. PRODUCT & MARKETING TRENDS
Table 5-1 - Private Label Tool Storage Brands
6. DISTRIBUTION CHANNELS
Table 6-1 - Tool Storage Demand by Distribution Channel, 2007 – 2022 (million
dollars)
7. INDUSTRY STRUCTURE
Table 7-1 - Tool Storage Sales by Company, 2017 (million dollars)
Table 7-2 - Selected Acquisitions & Divestitures
Table 7-3 - Selected Cooperative Agreements
8. APPENDIX
Table 8-1 - Relevant Industry Codes
Table 8-2 - Abbreviations & Acronyms Used in Study
Table 8-3 - Macroeconomic Indicators, 2007 – 2022 (billion 2009 dollars)
Table 8-4 - Population & Households, 2007 – 2022 (million persons)
Table 8-5 - Construction Expenditures, 2007 – 2022 (billion dollars)
Table 8-6 - Residential Improvement & Repair Expenditures, 2007 – 2022
(billion dollars)
Table 8-7 - Commercial Building Improvement & Repair Expenditures, 2007 – 2022
(billion dollars)
Table 8-8 - New Housing Indicators, 2007 – 2022 (thousand units)
Table 8-9 - Motor Vehicle Indicators, 2007 – 2022 (thousand units)
Table 8-10 - Professional Employment Indicators, 2007 – 2022 (million persons)
Table 8-11 - Manufacturers’ Shipments, 2007 – 2022 (billion dollars)
Table 8-12 - Personal Consumption Expenditures, 2007 – 2022 (billion dollars)
LIST OF FIGURES
1. EXECUTIVE SUMMARY
Figure 1-1 - US Tool Storage Market
2. OVERVIEW
Figure 2-1 - Key Trends in the US Tool Storage Market
3. PRODUCTS
Figure 3-1 - Key Trends in US Tool Storage Products
Figure 3-2 - Examples of Tool Storage Chests & Cabinets
Figure 3-3 - Examples of Tool Boxes, Cases, Bags, & Belts
Figure 3-4 - Product Example: Home Depot’s Husky Tool Cart
Figure 3-5 - Product Example: Hanson Global’s ToolHANGER Organization Board
Figure 3-6 - Product Example: Industrial Magnetics’ MAG-MATE Magnetic Tool
Holders
Figure 3-7 - Product Example: diamondLife’s ToolCart MX Mobile Pegboard
4. CONSUMER TRENDS
Figure 4-1 - Tool Storage Consumer Trends
Figure 4-2 - Marketing Example: DIY Workshops for Women
Figure 4-3 - Tool Ownership by Gender & Age Group, 2018 (percent of respondents)
Figure 4-4 - Primary Area of Home Used for Tool Storage by Gender, 2018 (percent
of respondents)
Figure 4-5 - Primary Tool Storage Unit by Gender, 2018 (percent of respondents)
Figure 4-6 - Consumer Views on Tools & DIY Engagement, 2018 (percent of
respondents)
Figure 4-7 - Area of Home Used for Tool Storage by Consumer Views on Tools & DIY
Engagement, 2018 (percent of respondents)
Figure 4-8 - Primary Tool Storage Unit by Consumer Views on Tools & DIY
Engagement, 2018 (percent of respondents)
5. PRODUCT & MARKETING TRENDS
Figure 5-1 - Key Product & Marketing Trends in Tool Storage
Figure 5-2 - SPG International’s Built Tough Banner
Figure 5-3 - Product Example: Swivel Storage Solutions’ Swivel Tool Chest
Figure 5-4 - Product Example: Lowe’s Kobalt Tool Chests with Kwikset’s SmartKey
Security
Figure 5-5 - Product Example: Stanley Black & Decker’s CRAFTSMAN Pro Series with
Smart Lock Technology
Figure 5-6 - Product Example: JLM Accessories’ Mantis Tool Grid
Figure 5-7 - Product Example: Bosch’s L-BOXX Modular Tool Storage System
Figure 5-8 - Product Example: Milwaukee Electric Tool’s Milwaukee PACKOUT
Modular Tool Storage System
Figure 5-9 - Product Example: Lowe’s Kobalt Tool Cabinet with Charging Station
Figure 5-10 - Product Example: Stanley Black & Decker’s CRAFTSMAN Chest/Cabinet
Combo Unit with Power Strip & USB Port
Figure 5-11 - Product Example: Team Promark Tool Box with Team Logo
Figure 5-12 - Product Example: Snap-on’s Special Edition Tool Cabinets
Figure 5-13 - Product Example: John Deere & Caterpillar Branded Tool Storage
Figure 5-14 - Social Media Competitive Marketing Example
Figure 5-15 - Stanley Black & Decker’s DIYZ Mobile App
Figure 5-16 - Snap-on’s Rock N' Roll Cab Express
Figure 5-17 - Mac Tools Motorsports Sponsorships
Figure 5-18 - Werner’s WEATHER GUARD Sponsorship of the Professional Rodeo
Cowboys Association
Figure 5-19 - Selected Licensed Products
Figure 5-20 - Harbor Freight Tools Price Comparison
6. DISTRIBUTION CHANNELS
Figure 6-1 - Key Trends in US Tool Storage Distribution Channels
Figure 6-2 - CRAFTSMAN Tool Chest Launch at Lowe’s
Figure 6-3 - Home Depot Online Ordering Options
7. INDUSTRY STRUCTURE
Figure 7-1 - Tool Storage Market Share, 2017 (billion dollars)
Figure 7-2 - Tool Storage Market: Leading Supplier
Figure 7-3 - Tool Storage Market: Second Leading Supplier
Figure 7-4 - Tool Storage Market: Third Leading Supplier
Figure 7-5 - Tool Storage Market: Fourth Leading Supplier
8. APPENDIX
Figure 8-1 - Annual Growth in Real GDP, 2000 – 2017, Compared to 1980 – 2005
Average (percent)
Figure 8-2 - Annual Population Growth, 2002 – 2017 (percent)
Note: Product cover images may vary from those shown
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