Study #: 3653 | Published: 08/2018 | Pages: 198 | Individual User License: US$ 4,900

In this mature market, product sales will be supported to various degrees by several factors:

    Macroeconomic factors: ongoing strength in construction activity, growth in consumer disposable income, gains in durable goods manufacturing output
  • Consumer trends: continued interest in DIY and home repair activities, single women purchasing homes at increased rates, baby boomers needing ergonomic hand tools if they plan to do work themselves
  • Market-specific gains: increases in auto repair and service spending
  • Value-added innovations: improved ergonomics and continued development of multifunctional tools
Hand saws and parts and attachments will be the fastest growing product areas. Hand saws experienced large declines during the Great Recession and have yet to recover fully to previous levels of demand. Relatively fast sales gains are expected for these products as demand continues to climb to previous levels, although faster growth will be prevented by competition from power saws. Parts and attachments will benefit from overall sales of hand tools, as well as a large stock of hand tools in use in the professional market that needs repairs.


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Table of Contents

EXECUTIVE SUMMARY

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

PRODUCTS

Key Findings

Overview

Hand Service Tools

Hand Service Tools: Scope

Hand Service Tools: Supply & Demand

Hand Service Tools: Imports

Hand Service Tools: Exports

Hand Service Tools: Suppliers

Specialized Automotive Tools

Specialized Automotive Tools: Scope

Specialized Automotive Tools: Supply & Demand

Specialized Automotive Tools: Trade

Specialized Automotive Tools: Suppliers

Wrenches

Wrenches: Product Description

Wrenches: Supply & Demand

Wrenches: Trade

Wrenches: Suppliers

Pliers

Pliers: Product Description

Pliers: Supply & Demand

Pliers: Trade

Pliers: Suppliers

Screwdrivers

Screwdrivers: Product Description

Screwdrivers: Supply & Demand

Screwdrivers: Trade

Screwdrivers: Suppliers

Hammers

Hammers: Product Description

Hammers: Supply & Demand

Hammers: Suppliers

Other Hand Service Tools

Other Hand Service Tools: Scope

Other Hand Service Tools: Supply & Demand

Other Hand Service Tools: Suppliers

Edge Tools

Edge Tools: Scope

Edge Tools: Supply & Demand

Paint & Masonry Tools

Paint & Masonry Tools: Product Description

Paint & Masonry Tools: Supply & Demand

Paint & Masonry Tools: Suppliers

Chisels

Chisels: Product Description

Chisels: Supply & Demand

Axes, Adzes, & Hatchets

Axes, Adzes, & Hatchets: Product Description

Axes, Adzes, & Hatchets: Supply & Demand

Axes, Adzes, & Hatchets: Suppliers

Hand Saws

Hand Saws: Product Description

Hand Saws: Supply & Demand

Hand Saws: Suppliers

Other Hand Tools

Other Hand Tools: Scope

Other Hand Tools: Supply & Demand

Other Hand Tools: Trade

Other Hand Tools: Suppliers

Parts & Attachments

Parts & Attachments: Scope

Parts & Attachments: Supply & Demand

Parts & Attachments: Trade

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

DISTRIBUTION CHANNELS

Key Findings

Sales by Distribution Channel

Direct Sales & Distributors

Scope

Sales Forecast & Analysis

Home Centers

Hardware Stores

Mass Marketers

E-Commerce

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

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

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)

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)

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)

DISTRIBUTION CHANNELS

Table 5-1 | Hand Tool Demand by Distribution Channel, 2007 - 2022 (million dollars)

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

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

EXECUTIVE SUMMARY

Figure 1-1 | US Hand Tools Market

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 D├ęcor 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)

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

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

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

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

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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