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Hand Tools


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Hand Tools

Growth in the US hand tool market will average 1.7 percent annually through 2020, reaching $5.8 billion. Advances will be fueled by strong advances in construction expenditures and by continued growth in the motor vehicle park. In addition, ongoing interest in do-it-yourself activities will boost sales to the consumer market.

This report segments the US hand tool industry by product and market. Data is provided in million US dollars.

Hand tool products include:
Hand service tools
Edge tools
Handsaws
Other hand tools
Parts and attachments

Hand service tools will remain the largest of these through 2020, when they will comprise 56 percent of the market. Fastest growth will be for parts and attachments, due to ongoing strength in construction expenditures and growth in durable good output.

Major hand tool markets include:
Professional demand, including:
Construction
Automotive aftermarket
Industrial and other professional services
Consumer demand Market A

The professional market was the leading market in 2015, dominated by demand in construction applications and accounting for 58 percent of demand. The most rapid gains through 2020 are forecast for the construction market, fueled by ongoing strength in construction expenditures and housing starts.

Among the key distribution channels for power tools are:
Direct sales and distributors
Home centers
E-commerce

Direct sales and distributors, home centers, and other distribution channels comprised the three largest distribution channels in 2015, together accounting for 94.5 percent of sales. Going forward, E-commerce will see the strongest advances, albeit from a small base, primarily due to the pricing advantage that online sales generate and the increasing presence of home centers online.

The US hand tool industry includes nearly 1,000 companies, ranging from small, privately held firms to multinational corporations. This study includes sales data for industry participants such as Apex Tool Group, Channellock, Emerson Electric, Estwing Manufacturing, Great Neck Saw Manufacturers, Klein Tools, Pratt-Read Tools (IDEAL Industries) Snap-on, Stanley Black & Decker, and Techtronic Industries. In addition, the industry has seen a number of notable acquisitions and divestitures in recent years, such as the October 2016 sale of Newell Brands’ tools division to Stanley Black & Decker.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table HAND TOOL SUPPLY & DEMAND
  • MARKET ENVIRONMENT
    • General
      • Macroeconomic Outlook
        • Table MACROECONOMIC INDICATORS
      • Personal Income & Expenditure Outlook
        • Table PERSONAL CONSUMPTION EXPENDITURES
      • Population
        • Table POPULATION & HOUSEHOLDS
      • Household Formation & Housing Stock Outlook
        • Table HOUSEHOLD FORMATION & HOUSING STOCK
    • Construction Outlook
      • Table CONSTRUCTION EXPENDITURES
    • Professional Employment Outlook
      • Table PROFESSIONAL EMPLOYMENT
    • Motor Vehicle Outlook
      • Table MOTOR VEHICLE INDICATORS
    • Nonresidential Fixed Investment Outlook
      • Table NONRESIDENTIAL FIXED INVESTMENT EXPENDITURES
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS
  • OVERVIEW
    • General: Hand & Power Tools
    • Hand & Power Tool Supply & Demand
      • Table HAND & POWER TOOL SUPPLY & DEMAND
    • Hand Tool Shipments
      • Table HAND TOOL SHIPMENTS BY TYPE
    • US Foreign Trade in Hand Tools
      • Table HAND TOOL FOREIGN TRADE
      • Imports
        • Table CHART III-1 HAND TOOL IMPORTS BY SOURCE, 2015
      • Exports
        • Table CHART III-2 HAND TOOL EXPORTS BY DESTINATION, 2015
    • World Hand Tool Outlook
      • Table WORLD HAND TOOL DEMAND
    • Pricing Trends
      • Table PRICE DEFLATORS FOR HAND TOOLS
  • PRODUCTS
    • Supply & Demand
      • Table HAND TOOL SUPPLY & DEMAND
      • Table CHART IV-1 HAND TOOL DEMAND BY PRODUCT, 2015
      • Table CHART IV-2 HAND TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT
    • Hand Service Tools
      • Table HAND SERVICE TOOL SUPPLY & DEMAND
      • Table CHART IV-3 HAND SERVICE TOOL DEMAND BY PRODUCT, 2015
      • Table CHART IV-4 HAND SERVICE TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT
      • Table SELECTED HAND SERVICE TOOL BRANDS
      • Imports
        • Table CHART IV-5 HAND SERVICE TOOL IMPORTS BY SOURCE, 2015
      • Exports
        • Table CHART IV-6 HAND SERVICE TOOL EXPORTS BY DESTINATION, 2015
      • Specialized Automotive Tools
        • Table SPECIALIZED AUTOMOTIVE TOOL SUPPLY & DEMAND
      • Wrenches
        • Table WRENCH SUPPLY & DEMAND
        • Table CHART IV-7 WRENCH IMPORTS & EXPORTS, 2015
      • Pliers
        • Table PLIER SUPPLY & DEMAND
      • Screwdrivers
        • Table SCREWDRIVER SUPPLY & DEMAND
      • Hammers
        • Table HAMMER SUPPLY & DEMAND
      • Other
        • Table OTHER HAND SERVICE TOOL SUPPLY & DEMAND
    • Edge Tools
      • Table EDGE TOOL SUPPLY & DEMAND
      • Table CHART IV-8 EDGE TOOL DEMAND BY PRODUCT, 2015
      • Table CHART IV-9 EDGE TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT
      • Table SELECTED EDGE TOOL & HANDSAW BRANDS
      • Paint & Masonry Tools
        • Table PAINT & MASONRY TOOL SUPPLY & DEMAND
      • Chisels
        • Table CHISEL SUPPLY & DEMAND
      • Axes, Adzes, & Hatchets
        • Table AX, ADZE, & HATCHET SUPPLY & DEMAND
    • Handsaws
      • Table HANDSAW SUPPLY & DEMAND
    • Other Hand Tools
      • Table OTHER HAND TOOL SUPPLY & DEMAND
      • Table CHART IV-10 OTHER HAND TOOL DEMAND BY PRODUCT, 2015
      • Table CHART IV-11 OTHER HAND TOOL DEMAND: PROJECTED 2015-2020 ANNUAL RATE OF GROWTH BY PRODUCT
    • Hand Tool Parts & Attachments
      • Table HAND TOOL PARTS & ATTACHMENTS SUPPLY & DEMAND
  • MARKETS
    • General
      • Table HAND TOOL DEMAND BY MARKET
    • Professional Demand
      • Table PROFESSIONAL HAND TOOL DEMAND BY SECTOR
      • Construction
        • Table CONSTRUCTION DEMAND FOR HAND TOOLS
      • Automotive Aftermarket
        • Table AUTOMOTIVE AFTERMARKET DEMAND FOR HAND TOOLS
      • Industrial & Other Professional Services
        • Table INDUSTRIAL & OTHER PROFESSIONAL DEMAND FOR HAND TOOLS
    • Consumer Demand
      • Table CONSUMER HAND TOOL DEMAND
  • DISTRIBUTION CHANNELS
    • Channel Overview
      • Table HAND TOOL SALES BY DISTRIBUTION CHANNEL
      • Table CHART VI-1 HAND TOOL SALES BY DISTRIBUTION CHANNEL, 2005-2025
    • Home Centers
    • Direct Sales & Distributors
    • E-Commerce
    • Other
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table US HAND TOOL SALES BY COMPANY, 2015
    • Market Share
      • Table CHART VII-1 HAND TOOL MARKET SHARE, 2015
    • Private Label
    • Competitive Strategies
    • Research & Product Development
    • Marketing
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Mergers, Acquisitions, & Divestitures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Company Profiles
      • Actuant Corporation
      • Alltrade Tools LLC
      • Apex Tool Group LLC
      • Channellock Incorporated
      • Danaher Corporation
      • Daniels Manufacturing Corporation
      • Emerson Electric Company
      • Estwing Manufacturing Company Incorporated
      • Great Neck Saw Manufacturers Incorporated
      • Griffon Corporation
      • Harbor Freight Tools
      • IDEAL Industries Incorporated
      • JPW Industries Incorporated
      • Klein Tools Incorporated
      • Leatherman Tool Group Incorporated
      • Newell Brands Incorporated
      • Northern Tool + Equipment
      • Power Products LLC
      • Snap-on Incorporated
      • Spear & Jackson Group
      • SPX Corporation
      • SPX FLOW Incorporated
      • Stanley Black & Decker Incorporated
      • Techtronic Industries Company Limited
      • Textron Incorporated
    • Other Companies Mentioned In Study

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