This industry is expected to continue declining over the foreseeable future, but demand and revenue will pick up after a rough period. Renewed construction and stronger consumer sentiment will contribute to this growth. However, key input prices will also grow, so operators will need to increase prices to maintain profit margins. Additionally, import and power tool competition will continue to hamper demand.
This industry primarily manufactures hand tools, edge tools and metal blades (e.g. screwdrivers, scrapers, bits and saw blades). The industry also manufactures metal kitchen cookware, utensils and cutlery (excluding products made by casting or stamping, without further fabrication).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.