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What products does this Tool Storage study cover?
In this mature market, product sales will be supported by several factors to various degrees, including consumer trends of interest in DIY And home repair activities. Products covered include:
- Professional Grade Tool Storage
- Consumer Grade Tool Storage
- Chests & Cabinets
- Boxes, Cases, Bags, & Belts
- Carts
- Accessories
What are the key trends to know for tool storage products?
Although growth rates will not vary much among product categories over the forecast period, chests and cabinets will grow at the fastest rate, followed by carts. Chests, cabinets, and carts represent the highest-priced products in toolstorage and are used extensively by professionals, who tend to be less price-sensitive than consumers, supporting dollar sales growth in the future.
Tool storage sales are somewhat seasonal, particularly for consumer products. Peak sales occur in the last six to eight weeks of the calendar year – between Black Friday and Christmas. Father’s Day is the next most common instigator of tool storage sales.
Tariffs imposed on steel and aluminum imported to the US from the EU, Canada, and Mexico are expected to contribute to price increases of tool storage products made from those materials, at least in the near term, as companies consider adjusting supply chains. The duties imposed on Chinese and Vietnamese consumer metal chest and cabinet suppliers only affect a relatively small slice of the tool storage market. US manufacturers of such products, particularly Waterloo Industries, should benefit from the government’s antidumping actions.
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Table of Contents
EXECUTIVE SUMMARY
OVERVIEW
Key Findings
Power & Hand Tool Demand Trends
Power & Hand Tool Demand Trends: Overview
Power & Hand Tool Demand Trends: Annual Sales
Power & Hand Tool Demand Trends: 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
PRODUCTS
Key Findings
Tool Storage Classes
Professional- Versus Consumer-Grade
Demand Forecast by Class
Tool Storage Classes: Professional-Grade
Tool Storage Classes: Consumer-Grade
Tool Storage Products
Demand by Product
Tool Storage Products: Chests & Cabinets
Scope
Demand Forecast
Suppliers
Tool Storage Products: Boxes, Cases, Bags, & Belts
Scope & Product Description
Demand Forecast
Suppliers
Tool Storage Products: Carts
Scope
Demand Forecast
Suppliers
Tool Storage Products: Accessories
Scope
Demand Forecast
Suppliers
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
PRODUCT & MARKETING TRENDS
Key Findings
Product Trends
Overview
Product Trends: Durability
Product Trends: Security
Product Trends: Customization
Product Trends: Power Capabilities
Product Trends: Cool Factor
Marketing Trends
Overview
Marketing Trends: Online Marketing
Marketing Trends: Experiential Marketing
Marketing Trends: Doing Well by Doing Good
Marketing Trends: Event Sponsorship for Brand Awareness
Marketing Trends: Licensing to Extend a Brand's Reach
Marketing Trends: Private Label
DISTRIBUTION CHANNELS
Key Findings
Distribution Channel Scope & Introduction
Direct Sales & Wholesale Distributors
Scope & Introduction
Demand Forecast
Home Centers
Hardware Stores
E-Commerce
Mass Marketers
INDUSTRY STRUCTURE
Key Findings & Industry Composition
Market Share
Mergers & Acquisitions
Cooperative Agreements
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 | 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)
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
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)
PRODUCT & MARKETING TRENDS
Table 5-1 | Private Label Tool Storage Brands
DISTRIBUTION CHANNELS
Table 6-1 | Tool Storage Demand by Distribution Channel, 2007 - 2022 (million dollars)
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
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
EXECUTIVE SUMMARY
Figure 1-1 | US Tool Storage Market
OVERVIEW
Figure 2-1 | Key Trends in the US Tool Storage Market
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
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)
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
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
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
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)
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