Hand Tools

As Quoted In Yahoo! Finance

Product design is well-established in hand tools. While there is some product innovation based on incremental improvements to product ergonomics or design, most trends in the industry are guided by a tendency toward more durable items, slimmer profiles (for tight spaces), and pieces that save space and are more efficient. Although these were initially designed to cater to the consumer market, they have become popular among both consumers and professionals due to their space-saving, lighter-weight efficiency.

Professional market offers potential

Of the two markets, the professional market is larger and presents more impressive potential going forward. Professionals utilize hand tools more frequently than consumers and are more likely to purchase value-added types due to their need for durability. Consumers are more likely to purchase based on price points due to their less frequent use of hand tools; exceptions are serious DIYers and hobbyists, who are more likely to invest in more expensive hand tools.

Construction expenditures to drive growth

In a continuation of recent trends, parts and attachments, handsaws, and miscellaneous hand tools (including multitools and precision measuring tools) will post the fastest demand gains among major hand tool categories through 2020. Increases in all three categories will be supported by ongoing strength in construction expenditures. The rising stock of hand tools, buoyed by the advances of the past five years, will promote sales of replacement parts and attachments.

Imports to play an important role

Trade plays a significant role in this market, with China, Taiwan, and Mexico the primary sources of lower-cost imports. Germany and Switzerland are also significant sources of US imports of hand tools that are associated with value-added brand names recognized for quality.

Study coverage

Hand Tools presents US historical data (2005, 2010 and 2015) plus forecasts (2020 and 2025) for supply and demand by product (edge tools, hand service tools, handsaws, other hand tools, parts and attachments), market (professional, consumer) and channel of distribution (home centers, direct sales and distribution, e-commerce, other). The study also considers market environment factors, assesses industry structure, evaluates company market share and profiles US industry competitors.

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  1. Hand Tools

    $4,900.00

    1. 1 INTRODUCTION

      $166.00

    2. 2 EXECUTIVE SUMMARY

      $204.00

      1. Table | HAND TOOL SUPPLY & DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,967.00

      1. 3.1 General

        $964.00

        1. 3.1.1 Macroeconomic Outlook

          $252.00

          1. Table | MACROECONOMIC INDICATORS

        2. 3.1.2 Personal Income & Expenditure Outlook

          $143.00

          1. Table | PERSONAL CONSUMPTION EXPENDITURES

        3. 3.1.3 Population

          $300.00

          1. Table | POPULATION & HOUSEHOLDS

        4. 3.1.4 Household Formation & Housing Stock Outlook

          $148.00

          1. Table | HOUSEHOLD FORMATION & HOUSING STOCK

      2. 3.2 Construction Outlook

        $194.00

        1. Table | CONSTRUCTION EXPENDITURES

      3. 3.3 Professional Employment Outlook

        $107.00

        1. Table | PROFESSIONAL EMPLOYMENT

      4. 3.4 Motor Vehicle Outlook

        $149.00

        1. Table | MOTOR VEHICLE INDICATORS

      5. 3.5 Nonresidential Fixed Investment Outlook

        $186.00

        1. Table | NONRESIDENTIAL FIXED INVESTMENT EXPENDITURES

      6. 3.6 Manufacturing Outlook

        $366.00

        1. Table | MANUFACTURERS' SHIPMENTS

    4. 4 OVERVIEW

      $970.00

      1. 4.1 General: Hand & Power Tools

        $142.00

      2. 4.2 Hand & Power Tool Supply & Demand

        $145.00

        1. Table | HAND & POWER TOOL SUPPLY & DEMAND

      3. 4.3 Hand Tool Shipments

        $121.00

        1. Table | HAND TOOL SHIPMENTS BY TYPE

      4. 4.4 US Foreign Trade in Hand Tools

        $325.00

        1. Table | HAND TOOL FOREIGN TRADE

        2. 4.4.1 Imports

          $166.00

          1. CHART III-1 HAND TOOL IMPORTS BY SOURCE, 2015

        3. 4.4.2 Exports

          $94.00

          1. CHART III-2 HAND TOOL EXPORTS BY DESTINATION, 2015

      5. 4.5 World Hand Tool Outlook

        $125.00

        1. Table | WORLD HAND TOOL DEMAND

      6. 4.6 Pricing Trends

        $111.00

        1. Table | PRICE DEFLATORS FOR HAND TOOLS

    5. 5 PRODUCTS

      $3,016.00

      1. 5.1 Supply & Demand

        $150.00

        1. Table | HAND TOOL SUPPLY & DEMAND

        2. CHART IV-1 HAND TOOL DEMAND BY PRODUCT, 2015

        3. CHART IV-2 HAND TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT

      2. 5.2 Hand Service Tools

        $1,697.00

        1. Table | HAND SERVICE TOOL SUPPLY & DEMAND

        2. CHART IV-3 HAND SERVICE TOOL DEMAND BY PRODUCT, 2015

        3. CHART IV-4 HAND SERVICE TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT

        4. Table | SELECTED HAND SERVICE TOOL BRANDS

        5. 5.2.1 Imports

          $82.00

          1. CHART IV-5 HAND SERVICE TOOL IMPORTS BY SOURCE, 2015

        6. 5.2.2 Exports

          $82.00

          1. CHART IV-6 HAND SERVICE TOOL EXPORTS BY DESTINATION, 2015

        7. 5.2.3 Specialized Automotive Tools

          $201.00

          1. Table | SPECIALIZED AUTOMOTIVE TOOL SUPPLY & DEMAND

        8. 5.2.4 Wrenches

          $425.00

          1. Table | WRENCH SUPPLY & DEMAND

          2. CHART IV-7 WRENCH IMPORTS & EXPORTS, 2015

        9. 5.2.5 Pliers

          $206.00

          1. Table | PLIER SUPPLY & DEMAND

        10. 5.2.6 Screwdrivers

          $192.00

          1. Table | SCREWDRIVER SUPPLY & DEMAND

        11. 5.2.7 Hammers

          $166.00

          1. Table | HAMMER SUPPLY & DEMAND

        12. 5.2.8 Other

          $127.00

          1. Table | OTHER HAND SERVICE TOOL SUPPLY & DEMAND

      3. 5.3 Edge Tools

        $582.00

        1. Table | EDGE TOOL SUPPLY & DEMAND

        2. CHART IV-8 EDGE TOOL DEMAND BY PRODUCT, 2015

        3. CHART IV-9 EDGE TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT

        4. Table | SELECTED EDGE TOOL & HANDSAW BRANDS

        5. 5.3.1 Paint & Masonry Tools

          $141.00

          1. Table | PAINT & MASONRY TOOL SUPPLY & DEMAND

        6. 5.3.2 Chisels

          $156.00

          1. Table | CHISEL SUPPLY & DEMAND

        7. 5.3.3 Axes, Adzes, & Hatchets

          $134.00

          1. Table | AX, ADZE, & HATCHET SUPPLY & DEMAND

      4. 5.4 Handsaws

        $198.00

        1. Table | HANDSAW SUPPLY & DEMAND

      5. 5.5 Other Hand Tools

        $243.00

        1. Table | OTHER HAND TOOL SUPPLY & DEMAND

        2. CHART IV-10 OTHER HAND TOOL DEMAND BY PRODUCT, 2015

        3. CHART IV-11 OTHER HAND TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT

      6. 5.6 Hand Tool Parts & Attachments

        $146.00

        1. Table | HAND TOOL PARTS & ATTACHMENTS SUPPLY & DEMAND

    6. 6 MARKETS

      $972.00

      1. 6.1 General

        $183.00

        1. Table | HAND TOOL DEMAND BY MARKET

      2. 6.2 Professional Demand

        $593.00

        1. Table | PROFESSIONAL HAND TOOL DEMAND BY SECTOR

        2. 6.2.1 Construction

          $118.00

          1. Table | CONSTRUCTION DEMAND FOR HAND TOOLS

        3. 6.2.2 Automotive Aftermarket

          $143.00

          1. Table | AUTOMOTIVE AFTERMARKET DEMAND FOR HAND TOOLS

        4. 6.2.3 Industrial & Other Professional Services

          $136.00

          1. Table | INDUSTRIAL & OTHER PROFESSIONAL DEMAND FOR HAND TOOLS

      3. 6.3 Consumer Demand

        $196.00

        1. Table | CONSUMER HAND TOOL DEMAND

    7. 7 DISTRIBUTION CHANNELS

      $674.00

      1. 7.1 Channel Overview

        $153.00

        1. Table | HAND TOOL SALES BY DISTRIBUTION CHANNEL

        2. CHART VI-1 HAND TOOL SALES BY DISTRIBUTION CHANNEL, 2005-2025

      2. 7.2 Home Centers

        $129.00

      3. 7.3 Direct Sales & Distributors

        $153.00

      4. 7.4 E-Commerce

        $120.00

      5. 7.5 Other

        $118.00

    8. 8 INDUSTRY STRUCTURE

      $4,931.00

      1. 8.1 General

        $131.00

      2. 8.2 Industry Composition

        $191.00

        1. Table | US HAND TOOL SALES BY COMPANY, 2015

      3. 8.3 Market Share

        $323.00

        1. CHART VII-1 HAND TOOL MARKET SHARE, 2015

      4. 8.4 Private Label

        $82.00

      5. 8.5 Competitive Strategies

        $82.00

      6. 8.6 Research & Product Development

        $82.00

      7. 8.7 Marketing

        $170.00

      8. 8.8 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 8.9 Mergers, Acquisitions, & Divestitures

        $107.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      10. 8.10 Company Profiles

        $4,476.00

        1. 8.10.1 Actuant Corporation

          $109.00

        2. 8.10.2 Alltrade Tools LLC

          $196.00

        3. 8.10.3 Apex Tool Group LLC

          $256.00

        4. 8.10.4 Channellock Incorporated

          $290.00

        5. 8.10.5 Danaher Corporation

          $87.00

        6. 8.10.6 Daniels Manufacturing Corporation

          $145.00

        7. 8.10.7 Emerson Electric Company

          $125.00

        8. 8.10.8 Estwing Manufacturing Company Incorporated

          $137.00

        9. 8.10.9 Great Neck Saw Manufacturers Incorporated

          $116.00

        10. 8.10.10 Griffon Corporation

          $180.00

        11. 8.10.11 Harbor Freight Tools

          $82.00

        12. 8.10.12 IDEAL Industries Incorporated

          $254.00

        13. 8.10.13 JPW Industries Incorporated

          $82.00

        14. 8.10.14 Klein Tools Incorporated

          $262.00

        15. 8.10.15 Leatherman Tool Group Incorporated

          $171.00

        16. 8.10.16 Newell Brands Incorporated

          $290.00

        17. 8.10.17 Northern Tool + Equipment

          $91.00

        18. 8.10.18 Power Products LLC

          $271.00

        19. 8.10.19 Snap-on Incorporated

          $224.00

        20. 8.10.20 Spear & Jackson Group

          $129.00

        21. 8.10.21 SPX Corporation

          $82.00

        22. 8.10.22 SPX FLOW Incorporated

          $82.00

        23. 8.10.23 Stanley Black & Decker Incorporated

          $352.00

        24. 8.10.24 Techtronic Industries Company Limited

          $218.00

        25. 8.10.25 Textron Incorporated

          $239.00

      11. 8.11 Other Companies Mentioned In Study

        $110.00

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