Power & Hand Tools

Growth will stem from a recovery in housing starts, an improvement in durable goods manufacturing, expansion of the motor vehicle park, and continued interest in do-it-yourself (DIY) activities.

US demand to rise 2.9% annually through 2018

US demand for power and hand tools is forecast to increase 2.9 percent annually through 2018 to $12.7 billion. Among professional users, growth will stem primarily from a recovery in construction activity, especially in housing starts. Additionally, the improved outlook for durable goods manufacturing and the expansion of the motor vehicle park will boost sales. Advances in the consumer market will be supported by the continued interest in do-it-yourself (DIY) activities, coupled with increasing disposable incomes and growth in the number of households. However, the power and hand tool industry faces intense pricing competition from imported products, which will restrain value gains somewhat.

Power tools to outpace hand tools

Through 2018, demand gains for power tools will outpace those for hand tools. This is a reversal from the 2008-2013 period when demand for power tools were adversely affected by a decline in professional employment levels. Among power tools, cordless electric tools will offer the best opportunities for growth. Ongoing improvement in lithium-ion battery density and the increased prevalence of technological innovations such as brushless motors that extend usable lifespan per charge will bolster sales. In fact, cordless electric power tools experience more product innovation than other types of tools, which entices users to upgrade to better performing versions or to switch from plug-in to cordless versions. In contrast, product innovation for hand tools is generally limited to ergonomic improvements or incremental increases in performance.

Professional market be largest, fastest growing

The professional market holds the larger share of power and hand tool demand, accounting for two-thirds of sales in 2013. Additionally, this market will experience faster gains through the forecast period in response to a recovery in professional employment levels. Professionals generally use higher-value power tools more intensively than do consumers, and they 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. Moreover, as professionals tend to use tools on a daily basis, they must replace tools frequently (although some basic hand tools can be used for more than a decade). On the other hand, consumers are typically less frequent users of tools and are more likely to purchase tools based on price. In addition, consumers rarely require the power associated with more expensive hydraulic or pneumatic power tools, but instead purchase electric tools.

Study coverage

This study analyzes the $10.9 billion US power and hand tool industry. It presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by product (e.g., electric power tools, pneumatic power tools, hand service tools, edge tools, hand saws) and market (e.g., construction, automotive aftermarket, industrial, 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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  1. Power & Hand Tools

    $5,300.00

    1. 1 INTRODUCTION

      $99.00

    2. 2 EXECUTIVE SUMMARY

      $118.00

      1. Table | POWER & HAND TOOL SUPPLY & DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,769.00

      1. 3.1 General

        $105.00

      2. 3.2 Macroeconomic Outlook

        $201.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Personal Income & Expenditure Outlook

        $122.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      4. 3.4 Demographic Outlook

        $305.00

        1. 3.4.1 Population

          $164.00

          1. Table | RESIDENT POPULATION

        2. 3.4.2 Household Formation & Housing Stock Outlook

          $125.00

          1. Table | HOUSING STOCK BY TYPE

          2. CHART II-1 YEAR OF CONSTRUCTION OF HOUSING STOCK, 2013

      5. 3.5 Professional Employment Outlook

        $82.00

        1. Table | PROFESSIONAL EMPLOYMENT

      6. 3.6 Construction Outlook

        $499.00

        1. Table | CONSTRUCTION EXPENDITURES

        2. 3.6.1 Residential Construction

          $257.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

          2. Table | PRIVATE HOUSING STARTS

          3. Table | RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES

        3. 3.6.2 Nonresidential Building Construction

          $97.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

        4. 3.6.3 Nonbuilding Construction

          $82.00

          1. Table | NONBUILDING CONSTRUCTION EXPENDITURES

      7. 3.7 Motor Vehicle Outlook

        $162.00

        1. Table | MOTOR VEHICLE INDICATORS

      8. 3.8 Nonresidential Fixed Investment Outlook

        $117.00

        1. Table | NONRESIDENTIAL FIXED INVESTMENT

      9. 3.9 Manufacturing Outlook

        $186.00

        1. Table | MANUFACTURERS' SHIPMENTS

    4. 4 POWER & HAND TOOL OVERVIEW

      $704.00

      1. 4.1 General

        $82.00

      2. 4.2 Demand

        $95.00

        1. Table | POWER & HAND TOOL SUPPLY & DEMAND

      3. 4.3 Shipments

        $97.00

        1. Table | POWER & HAND TOOL SHIPMENTS BY TYPE

      4. 4.4 US Foreign Trade

        $237.00

        1. Table | POWER & HAND TOOL FOREIGN TRADE

        2. 4.4.1 Imports

          $116.00

          1. CHART III-1 POWER & HAND TOOL IMPORTS BY SOURCE, 2013

        3. 4.4.2 Exports

          $82.00

          1. CHART III-2 POWER & HAND TOOL EXPORTS BY SOURCE, 2013

      5. 4.5 World Outlook

        $82.00

        1. Table | WORLD POWER & HAND TOOL DEMAND

      6. 4.6 Pricing Trends

        $82.00

        1. Table | PRICE DEFLATORS FOR POWER & HAND TOOLS

      7. 4.7 Technology

        $106.00

    5. 5 POWER TOOLS

      $2,404.00

      1. 5.1 General

        $219.00

        1. Table | POWER TOOL SUPPLY & DEMAND

        2. 5.1.1 Imports

          $82.00

          1. CHART IV-1 POWER TOOL IMPORTS BY SOURCE, 2013

        3. 5.1.2 Exports

          $82.00

          1. CHART IV-2 POWER TOOL EXPORTS BY DESTINATION, 2013

      2. 5.2 Electric

        $1,390.00

        1. Table | ELECTRIC TOOL SUPPLY & DEMAND

        2. 5.2.1 Imports

          $82.00

          1. CHART IV-3 ELECTRIC TOOL IMPORTS BY SOURCE, 2013

        3. 5.2.2 Exports

          $82.00

          1. CHART IV-4 ELECTRIC TOOL EXPORTS BY DESTINATION, 2013

        4. 5.2.3 Demand by Electric Power Source

          $104.00

          1. Table | ELECTRIC TOOL DEMAND BY POWER SOURCE

          2. CHART IV-5 SELECTED PLUG-IN & CORDLESS ELECTRIC TOOL SHARE BY PRODUCT, 2013

        5. 5.2.4 Drills

          $220.00

          1. Table | ELECTRIC DRILL SUPPLY & DEMAND

          2. CHART IV-6 ELECTRIC DRILL IMPORTS BY SOURCE, 2013

        6. 5.2.5 Saws

          $173.00

          1. Table | ELECTRIC SAW SUPPLY & DEMAND

          2. CHART IV-7 ELECTRIC SAW IMPORTS BY SOURCE, 2013

        7. 5.2.6 Sanders, Polishers, & Grinders

          $175.00

          1. Table | ELECTRIC SANDER, POLISHER, & GRINDER SUPPLY & DEMAND

          2. CHART IV-8 ELECTRIC SANDER, POLISHER, & GRINDER IMPORTS BY SOURCE, 2013

        8. 5.2.7 Screwdrivers

          $100.00

          1. Table | ELECTRIC SCREWDRIVER SUPPLY & DEMAND

          2. CHART IV-9 ELECTRIC SCREWDRIVER IMPORTS BY SOURCE, 2013

        9. 5.2.8 Planers & Routers

          $91.00

          1. Table | ELECTRIC PLANER & ROUTER SUPPLY & DEMAND

        10. 5.2.9 Hammers

          $82.00

          1. Table | ELECTRIC HAMMER SUPPLY & DEMAND

        11. 5.2.10 Other Electric Tools

          $82.00

          1. Table | OTHER ELECTRIC TOOL SUPPLY & DEMAND

        12. 5.2.11 Parts & Attachments

          $150.00

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

      3. 5.3 Pneumatic

        $683.00

        1. Table | PNEUMATIC TOOL SUPPLY & DEMAND

        2. 5.3.1 Imports

          $82.00

          1. CHART IV-10 PNEUMATIC TOOL IMPORTS BY SOURCE, 2013

        3. 5.3.2 Exports

          $82.00

          1. CHART IV-11 PNEUMATIC TOOL EXPORTS BY DESTINATION, 2013

        4. 5.3.3 Nailers & Staplers

          $119.00

          1. Table | PNEUMATIC NAILER & STAPLER SUPPLY & DEMAND

        5. 5.3.4 Impact Wrenches

          $82.00

          1. Table | PNEUMATIC IMPACT WRENCH SUPPLY & DEMAND

        6. 5.3.5 Drills & Screwdrivers

          $82.00

          1. Table | PNEUMATIC DRILL & SCREWDRIVER SUPPLY & DEMAND

        7. 5.3.6 Percussion Tools

          $82.00

          1. Table | PNEUMATIC PERCUSSION TOOL SUPPLY & DEMAND

        8. 5.3.7 Sanders, Polishers, & Grinders

          $82.00

          1. Table | PNEUMATIC SANDER, POLISHER, & GRINDER SUPPLY &DEMAND

        9. 5.3.8 Other Pneumatic Tools

          $82.00

          1. Table | OTHER PNEUMATIC TOOL SUPPLY & DEMAND

        10. 5.3.9 Parts & Attachments

          $82.00

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

      4. 5.4 Other Power Tools

        $111.00

        1. Table | OTHER POWER TOOL SUPPLY & DEMAND

    6. 6 HAND TOOLS

      $1,417.00

      1. 6.1 General

        $155.00

        1. Table | HAND TOOL SUPPLY & DEMAND

        2. 6.1.1 Imports

          $82.00

          1. CHART V-1 HAND TOOL IMPORTS BY SOURCE, 2013

        3. 6.1.2 Exports

          $82.00

          1. CHART V-2 HAND TOOL EXPORTS BY DESTINATION, 2013

      2. 6.2 Hand Service Tools

        $796.00

        1. Table | HAND SERVICE TOOL SUPPLY & DEMAND

        2. 6.2.1 Imports

          $82.00

          1. CHART V-3 HAND SERVICE TOOL IMPORTS BY SOURCE, 2013

        3. 6.2.2 Exports

          $82.00

          1. CHART V-4 HAND SERVICE TOOL EXPORTS BY DESTINATION, 2013

        4. 6.2.3 Wrenches

          $192.00

          1. Table | WRENCH SUPPLY & DEMAND

          2. CHART V-5 WRENCH IMPORTS & EXPORTS, 2013

        5. 6.2.4 Pliers

          $101.00

          1. Table | PLIERS SUPPLY & DEMAND

        6. 6.2.5 Specialized Automotive Tools

          $100.00

          1. Table | SPECIALIZED AUTOMOTIVE TOOL SUPPLY & DEMAND

        7. 6.2.6 Screwdrivers

          $82.00

          1. Table | SCREWDRIVER SUPPLY & DEMAND

        8. 6.2.7 Hammers

          $82.00

          1. Table | HAMMER SUPPLY & DEMAND

        9. 6.2.8 Other

          $82.00

          1. Table | OTHER HAND SERVICE TOOL SUPPLY & DEMAND

      3. 6.3 Edge Tools

        $267.00

        1. Table | EDGE TOOL SUPPLY & DEMAND

        2. 6.3.1 Paint & Masonry Tools

          $82.00

          1. Table | PAINT & MASONRY TOOL SUPPLY & DEMAND

        3. 6.3.2 Chisels

          $84.00

          1. Table | CHISEL SUPPLY & DEMAND

        4. 6.3.3 Axes, Adzes, & Hatchets

          $82.00

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

      4. 6.4 Hand Saws

        $99.00

        1. Table | HAND SAW SUPPLY & DEMAND

      5. 6.5 Other Hand Tools

        $99.00

        1. Table | OTHER HAND TOOL SUPPLY & DEMAND

    7. 7 MARKETS

      $544.00

      1. 7.1 General

        $82.00

        1. Table | POWER & HAND TOOL DEMAND BY MARKET

        2. CHART VI-1 POWER & HAND TOOL DEMAND BY MARKET, 2003-2023

      2. 7.2 Professional Demand

        $357.00

        1. 7.2.1 By Type

          $82.00

          1. Table | PROFESSIONAL TOOL DEMAND BY TYPE

        2. 7.2.2 By Sector

          $263.00

          1. Table | PROFESSIONAL TOOL DEMAND BY SECTOR

          2. Table | CONSTRUCTION DEMAND FOR POWER & HAND TOOLS

          3. Table | AUTOMOTIVE AFTERMARKET DEMAND FOR POWER & HAND TOOLS

          4. Table | INDUSTRIAL & OTHER PROFESSIONAL DEMAND FOR POWER & HAND TOOLS

      3. 7.3 Consumer Demand

        $107.00

        1. Table | CONSUMER TOOL DEMAND BY TYPE

    8. 8 INDUSTRY STRUCTURE

      $5,333.00

      1. 8.1 General

        $105.00

      2. 8.2 Industry Composition

        $143.00

        1. Table | US POWER & HAND TOOL SALES BY COMPANY, 2013

        2. 8.2.1 Power Tools

          $82.00

        3. 8.2.2 Hand Tools

          $82.00

      3. 8.3 Market Share

        $316.00

        1. CHART VII-1 POWER & HAND TOOL MARKET SHARE, 2013

        2. 8.3.1 Power Tools

          $158.00

          1. CHART VII-2 POWER TOOL MARKET SHARE, 2013

        3. 8.3.2 Hand Tools

          $93.00

          1. CHART VII-3 HAND TOOL MARKET SHARE, 2013

      4. 8.4 Product Development

        $87.00

      5. 8.5 Manufacturing

        $82.00

      6. 8.6 Marketing

        $101.00

      7. 8.7 Private Labels

        $82.00

      8. 8.8 Distribution

        $349.00

        1. Table | POWER & HAND TOOL DEMAND BY DISTRIBUTION CHANNEL

        2. 8.8.1 Direct Sales & Distributors

          $99.00

        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

        $91.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      10. 8.10 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      11. 8.11 Company Profiles

        $5,333.00

        1. 8.11.1 Actuant Corporation

          $181.00

        2. 8.11.2 AIMCO Corporation

          $93.00

        3. 8.11.3 Alltrade Tools LLC

          $173.00

        4. 8.11.4 Apex Tool Group LLC

          $235.00

        5. 8.11.5 Atlas Copco AB

          $181.00

        6. 8.11.6 Bosch (Robert) GmbH

          $323.00

        7. 8.11.7 Channellock Incorporated

          $143.00

        8. 8.11.8 Chervon Holdings Limited

          $82.00

        9. 8.11.9 Danaher Corporation

          $82.00

        10. 8.11.10 Daniels Manufacturing Corporation

          $88.00

        11. 8.11.11 DEPRAG-Schulz GmbH and Company

          $82.00

        12. 8.11.12 Emerson Electric Company

          $135.00

        13. 8.11.13 Estwing Manufacturing Company Incorporated

          $82.00

        14. 8.11.14 Grainger (WW) Incorporated

          $189.00

        15. 8.11.15 Great Neck Saw Manufacturers Incorporated

          $86.00

        16. 8.11.16 Griffon Corporation

          $109.00

        17. 8.11.17 Hilti AG

          $220.00

        18. 8.11.18 Hitachi Limited

          $161.00

        19. 8.11.19 Home Depot Incorporated

          $119.00

        20. 8.11.20 IDEAL Industries Incorporated

          $150.00

        21. 8.11.21 Illinois Tool Works Incorporated

          $184.00

        22. 8.11.22 Ingersoll-Rand plc

          $156.00

        23. 8.11.23 JPW Industries Incorporated

          $84.00

        24. 8.11.24 Klein Tools Incorporated

          $183.00

        25. 8.11.25 Leatherman Tool Group Incorporated

          $119.00

        26. 8.11.26 Lowe's Companies Incorporated

          $190.00

        27. 8.11.27 Makita Corporation

          $175.00

        28. 8.11.28 Meier (Walter) AG

          $82.00

        29. 8.11.29 Newell Rubbermaid Incorporated

          $218.00

        30. 8.11.30 Panasonic Corporation

          $88.00

        31. 8.11.31 Power Products LLC

          $134.00

        32. 8.11.32 Sears Holdings Corporation

          $179.00

        33. 8.11.33 Senco Brands Incorporated

          $99.00

        34. 8.11.34 Snap-on Incorporated

          $219.00

        35. 8.11.35 SPX Corporation

          $107.00

        36. 8.11.36 Stanley Black & Decker Incorporated

          $630.00

        37. 8.11.37 Techtronic Industries Company Limited

          $266.00

        38. 8.11.38 Textron Incorporated

          $207.00

        39. 8.11.39 TRUMPF Group

          $112.00

        40. 8.11.40 United Pacific Industries Limited

          $89.00

        41. 8.11.41 Wal-Mart Stores Incorporated

          $98.00

      12. 8.12 Other Companies in the US Power & Hand Tool Industry

        $82.00

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