Power & Hand Tools

Gains in US demand will be driven in part by the continued popularity of DIY and home remodeling activities among consumers, and by an improved US manufacturing environment.

US demand to rise 4.8% annually through 2016

Demand for power and hand tools in the US is forecast to expand 4.8 percent per year to $13.1 billion in 2016, a turnaround from declines recorded during the 2006-2011 period. Growth will benefit in large part from recovering construction activity, specifically an expected rebound in housing starts. The continued popularity of DIY and home remodeling activities among consumers will provide additional sales opportunities, and an improved US manufacturing environment will also support gains. However, intense price competition in nearly every category of tools will serve to restrain advances in market value. The durability of many engine-driven, hand, and pneumatic tools will also limit overall sales gains.

Demand for power tools to outperform hand tools

Demand gains for power tools will outperform those for hand tools, as power tools -- especially cordless electric tools -- benefit from greater capacity for innovation. For instance, battery technology improvements have made cordless electric tools more powerful, which has increased their usage -- especially in the professional market. Additionally, lithiumion batteries are becoming increasingly prominent in cordless tools, as they offer a lighter weight and longer run time than the nickel-based batteries they replace.

Advances in the hand tool market are ultimately limited by their inherently simple design, which allows for only modest improvements and pricing increases. In addition, many hand tools are designed to last decades, restraining opportunities for replacement sales.

Professional demand growth to outpace DIY

The professional market comprised the majority of power and hand tool demand in 2011, which reflects the greater concentration of expensive power tools in the professional market. In addition, professionals tend to use tools on a daily basis and, as a result, must replace tools more frequently (although professionals can use some basic hand tools for more than a decade). Professionals are often willing to pay more for higher quality tools, since the initial investment will pay off over the long run through better performance and longer tool life.

In contrast, consumers are more likely to purchase tools based on price, and rarely require more expensive hydraulic and pneumatic tools. Consumer demand is tied to individual participation in DIY home maintenance and repair, various hobbies, and other diverse factors. Professional demand growth will outpace consumer gains through 2016, due to a rebound in housing starts and increases in manufacturing output.

Study Scope

This study analyzes the $10.4 billion US power and hand tool industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., electric power tools, pneumatic power tools, engine-driven power tools, hand service tools, hand edge tools, hand saws) and market (professional, consumer).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 41 industry players, including Stanley Black & Decker, Techtronic Industries and Snap-on.

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Purchase Power & Hand Tools by the Section

  1. Power & Hand Tools

    $5,200.00

    1. 1 INTRODUCTION

      $87.00

    2. 2 EXECUTIVE SUMMARY

      $102.00

      1. Table | POWER & HAND TOOL SUPPLY & DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,513.00

      1. 3.1 General

        $94.00

      2. 3.2 Macroeconomic Outlook

        $135.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Personal Income & Expenditure Outlook

        $104.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion dollars)

      4. 3.4 Demographic Outlook

        $265.00

        1. 3.4.1 Population

          $100.00

          1. Table | RESIDENT POPULATION (million persons)

        2. 3.4.2 Household Formation & Housing Stock Outlook

          $151.00

          1. Table | HOUSING STOCK BY TYPE

      5. 3.5 Professional Employment Outlook

        $82.00

        1. Table | PROFESSIONAL EMPLOYMENT (million employees)

      6. 3.6 Construction Activity Outlook

        $466.00

        1. Table | CONSTRUCTION EXPENDITURES (billion dollars)

        2. 3.6.1 Residential Construction

          $272.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

          2. Table | PRIVATE HOUSING STARTS (thousand units)

          3. Table | RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES (billion dollars)

        3. 3.6.2 Nonresidential Building Construction

          $121.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion dollars)

        4. 3.6.3 Nonbuilding Construction

          $82.00

          1. Table | NONBUILDING CONSTRUCTION EXPENDITURES (billion dollars)

      7. 3.7 Motor Vehicle Outlook

        $140.00

        1. Table | MOTOR VEHICLE INDICATORS

      8. 3.8 Nonresidential Fixed Investment Outlook

        $108.00

        1. Table | NONRESIDENTIAL FIXED INVESTMENT (billion dollars)

      9. 3.9 Manufacturing Outlook

        $144.00

        1. Table | MANUFACTURERS' SHIPMENTS

    4. 4 POWER & HAND TOOL OVERVIEW

      $647.00

      1. 4.1 General

        $82.00

      2. 4.2 Demand

        $98.00

        1. Table | POWER & HAND TOOL SUPPLY & DEMAND (million dollars)

      3. 4.3 Shipments

        $82.00

        1. Table | POWER & HAND TOOL SHIPMENTS BY TYPE (million dollars)

      4. 4.4 US Foreign Trade

        $229.00

        1. Table | POWER & HAND TOOL FOREIGN TRADE (million dollars)

        2. 4.4.1 Imports

          $107.00

        3. 4.4.2 Exports

          $82.00

      5. 4.5 World Outlook

        $82.00

        1. Table | WORLD POWER & HAND TOOL DEMAND (billion dollars)

      6. 4.6 Pricing Trends

        $82.00

        1. Table | PRICE DEFLATORS FOR POWER & HAND TOOLS (2005=100)

      7. 4.7 Technology

        $109.00

    5. 5 POWER TOOLS

      $2,161.00

      1. 5.1 General

        $184.00

        1. Table | POWER TOOL SUPPLY & DEMAND (million dollars)

        2. 5.1.1 Imports

          $82.00

        3. 5.1.2 Exports

          $82.00

      2. 5.2 Electric

        $1,205.00

        1. Table | ELECTRIC TOOL SUPPLY & DEMAND (million dollars)

        2. 5.2.1 Imports

          $82.00

        3. 5.2.2 Exports

          $82.00

        4. 5.2.3 Demand by Electric Power Source

          $82.00

          1. Table | ELECTRIC TOOL DEMAND BY POWER SOURCE (million dollars)

        5. 5.2.4 Drills

          $184.00

          1. Table | ELECTRIC DRILL SUPPLY & DEMAND (million dollars)

        6. 5.2.5 Saws

          $191.00

          1. Table | ELECTRIC SAW SUPPLY & DEMAND (million dollars)

        7. 5.2.6 Sander, Polishers, & Grinders

          $159.00

          1. Table | ELECTRIC SANDER, POLISHER, & GRINDER SUPPLY & DEMAND (million dollars)

        8. 5.2.7 Screwdrivers

          $97.00

          1. Table | ELECTRIC SCREWDRIVER SUPPLY & DEMAND (million dollars)

        9. 5.2.8 Planers & Routers

          $82.00

          1. Table | ELECTRIC PLANER & ROUTER SUPPLY & DEMAND (million dollars)

        10. 5.2.9 Hammers

          $82.00

          1. Table | ELECTRIC HAMMER SUPPLY & DEMAND (million dollars)

        11. 5.2.10 Other Electric Tools

          $82.00

          1. Table | OTHER ELECTRIC TOOL SUPPLY & DEMAND (million dollars)

        12. 5.2.11 Parts & Attachments

          $131.00

          1. Table | ELECTRIC TOOL PARTS & ATTACHMENTS SUPPLY & DEMAND (million dollars)

      3. 5.3 Pneumatic

        $579.00

        1. Table | PNEUMATIC TOOL SUPPLY & DEMAND (million dollars)

        2. 5.3.1 Imports

          $82.00

        3. 5.3.2 Exports

          $82.00

        4. 5.3.3 Nailers & Staplers

          $100.00

          1. Table | PNEUMATIC NAILER & STAPLER SUPPLY & DEMAND (million dollars)

        5. 5.3.4 Impact Wrenches

          $82.00

          1. Table | PNEUMATIC IMPACT WRENCH SUPPLY & DEMAND (million dollars)

        6. 5.3.5 Drills & Screwdrivers

          $82.00

          1. Table | PNEUMATIC DRILL & SCREWDRIVER SUPPLY & DEMAND (million dollars)

        7. 5.3.6 Percussion Tools

          $82.00

          1. Table | PNEUMATIC PERCUSSION TOOL SUPPLY & DEMAND (million dollars)

        8. 5.3.7 Sanders, Polishers, & Grinders

          $82.00

          1. Table | PNEUMATIC SANDER, POLISHER, & GRINDER SUPPLY & DEMAND (million dollars)

        9. 5.3.8 Other Pneumatic Tools

          $82.00

          1. Table | OTHER PNEUMATIC TOOL SUPPLY & DEMAND (million dollars)

        10. 5.3.9 Parts & Attachments

          $82.00

          1. Table | PNEUMATIC TOOL PARTS & ATTACHMENTS SUPPLY & DEMAND (million dollars)

      4. 5.4 Engine-Driven

        $123.00

        1. Table | ENGINE-DRIVEN TOOL SUPPLY & DEMAND (million dollars)

      5. 5.5 Other Power Tools

        $82.00

        1. Table | OTHER POWER TOOL SUPPLY & DEMAND (million dollars)

    6. 6 HAND TOOLS

      $1,304.00

      1. 6.1 General

        $162.00

        1. Table | HAND TOOL SUPPLY & DEMAND (million dollars)

        2. 6.1.1 Imports

          $82.00

        3. 6.1.2 Exports

          $82.00

      2. 6.2 Hand Service Tools

        $709.00

        1. Table | HAND SERVICE TOOL SUPPLY & DEMAND (million dollars)

        2. 6.2.1 Imports

          $82.00

        3. 6.2.2 Exports

          $82.00

        4. 6.2.3 Wrenches

          $185.00

          1. Table | WRENCH SUPPLY & DEMAND (million dollars)

        5. 6.2.4 Pliers

          $82.00

          1. Table | PLIERS SUPPLY & DEMAND (million dollars)

        6. 6.2.5 Specialized Automotive Tools

          $91.00

          1. Table | SPECIALIZED AUTOMOTIVE TOOL SUPPLY & DEMAND (million dollars)

        7. 6.2.6 Screwdrivers

          $82.00

          1. Table | SCREWDRIVER SUPPLY & DEMAND (million dollars)

        8. 6.2.7 Hammers

          $82.00

          1. Table | HAMMER SUPPLY & DEMAND (million dollars)

        9. 6.2.8 Other

          $82.00

          1. Table | OTHER HAND SERVICE TOOL SUPPLY & DEMAND (million dollars)

      3. 6.3 Edge Tools

        $254.00

        1. Table | EDGE TOOL SUPPLY & DEMAND (million dollars)

        2. 6.3.1 Paint & Masonry Tools

          $82.00

          1. Table | PAINT & MASONRY TOOL SUPPLY & DEMAND (million dollars)

        3. 6.3.2 Chisels

          $90.00

          1. Table | CHISEL SUPPLY & DEMAND (million dollars)

        4. 6.3.3 Axes, Adzes, & Hatchets

          $82.00

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

      4. 6.4 Hand Saws

        $92.00

        1. Table | HAND SAW SUPPLY & DEMAND (million dollars)

      5. 6.5 Other Hand Tools

        $87.00

        1. Table | OTHER HAND TOOL SUPPLY & DEMAND (million dollars)

    7. 7 MARKETS

      $512.00

      1. 7.1 General

        $82.00

        1. Table | POWER & HAND TOOL DEMAND BY MARKET (million dollars)

      2. 7.2 Professional Demand

        $352.00

        1. 7.2.1 By Type

          $82.00

          1. Table | PROFESSIONAL TOOL DEMAND BY TYPE (million dollars)

        2. 7.2.2 By Sector

          $263.00

          1. Table | PROFESSIONAL TOOL DEMAND BY SECTOR (million dollars)

          2. Table | CONSTRUCTION DEMAND FOR POWER & HAND TOOLS (million dollars)

          3. Table | AUTOMOTIVE AFTERMARKET DEMAND FOR POWER & HAND TOOLS (million dollars)

          4. Table | INDUSTRIAL & OTHER PROFESSIONAL DEMAND FOR POWER & HAND TOOLS (million dollars)

      3. 7.3 Consumer Demand

        $87.00

        1. Table | CONSUMER TOOL DEMAND BY TYPE (million dollars)

    8. 8 INDUSTRY STRUCTURE

      $5,233.00

      1. 8.1 General

        $100.00

      2. 8.2 Industry Composition

        $128.00

        1. Table | US POWER & HAND TOOL SALES BY COMPANY, 2011 (million dollars)

        2. 8.2.1 Power Tools

          $82.00

        3. 8.2.2 Hand Tools

          $82.00

      3. 8.3 Market Share

        $287.00

        1. 8.3.1 Power Tools

          $147.00

        2. 8.3.2 Hand Tools

          $84.00

      4. 8.4 Product Development

        $82.00

      5. 8.5 Manufacturing

        $82.00

      6. 8.6 Marketing

        $99.00

      7. 8.7 Private Labels

        $82.00

      8. 8.8 Distribution

        $270.00

        1. Table | POWER & HAND TOOL DEMAND BY DISTRIBUTION CHANNEL (million dollars)

        2. 8.8.1 Direct Sales & Distributors

          $82.00

        3. 8.8.2 Home Centers

          $82.00

        4. 8.8.3 E-Commerce

          $82.00

        5. 8.8.4 Other

          $82.00

      9. 8.9 Mergers, Acquisitions, & Divestitures

        $82.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      10. 8.10 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      11. 8.11 Company Profiles

        $5,233.00

        1. 8.11.1 Actuant Corporation

          $307.00

        2. 8.11.2 Alltrade Tools LLC

          $144.00

        3. 8.11.3 Apex Tool Group LLC

          $230.00

        4. 8.11.4 Atlas Copco AB

          $224.00

        5. 8.11.5 Blount International Incorporated

          $114.00

        6. 8.11.6 Bosch GmbH

          $345.00

        7. 8.11.7 Channellock Incorporated

          $125.00

        8. 8.11.8 Chervon Holdings Limited

          $82.00

        9. 8.11.9 Danaher Corporation

          $82.00

        10. 8.11.10 Daniels Manufacturing Corporation

          $99.00

        11. 8.11.11 DEPRAG-Schulz GmbH and Company

          $91.00

        12. 8.11.12 Emerson Electric Company

          $167.00

        13. 8.11.13 Estwing Manufacturing Company Incorporated

          $108.00

        14. 8.11.14 Grainger (WW) Incorporated

          $196.00

        15. 8.11.15 Great Neck Saw Manufacturers Incorporated

          $102.00

        16. 8.11.16 Griffon Corporation

          $127.00

        17. 8.11.17 Hilti AG

          $179.00

        18. 8.11.18 Hitachi Limited

          $204.00

        19. 8.11.19 Home Depot Incorporated

          $111.00

        20. 8.11.20 Husqvarna AB

          $359.00

        21. 8.11.21 IDEAL Industries Incorporated

          $177.00

        22. 8.11.22 Illinois Tool Works Incorporated

          $155.00

        23. 8.11.23 Ingersoll-Rand plc

          $123.00

        24. 8.11.24 Klein Tools Incorporated

          $178.00

        25. 8.11.25 Leatherman Tool Group Incorporated

          $118.00

        26. 8.11.26 Lowe's Companies Incorporated

          $138.00

        27. 8.11.27 Makita Corporation

          $202.00

        28. 8.11.28 Meier (Walter) AG

          $125.00

        29. 8.11.29 Newell Rubbermaid Incorporated

          $230.00

        30. 8.11.30 Panasonic Corporation

          $82.00

        31. 8.11.31 Sears Holdings Corporation

          $205.00

        32. 8.11.32 Senco Brands Incorporated

          $103.00

        33. 8.11.33 Snap-on Incorporated

          $248.00

        34. 8.11.34 SPX Corporation

          $169.00

        35. 8.11.35 Stanley Black & Decker Incorporated

          $612.00

        36. 8.11.36 STIHL Holding AG & Company KG

          $146.00

        37. 8.11.37 Techtronic Industries Company Limited

          $229.00

        38. 8.11.38 Textron Incorporated

          $162.00

        39. 8.11.39 TRUMPF Group

          $132.00

        40. 8.11.40 United Pacific Industries Limited

          $86.00

        41. 8.11.41 Wal-Mart Stores Incorporated

          $91.00

      12. 8.12 Additional Companies Mentioned in Study

        $82.00

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