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Hand Tools

Publisher Freedonia Group
Published Jun 30, 2020
Length 186 Pages
SKU # FG16278395

Description



US demand for hand tools is forecast to increase rise 0.6% annually to $5.7 billion in 2024, supported by healthy outlooks in construction and automotive aftermarket activity as COVID-19 pandemic measures are lifted. Sales will be restrained by:

slow price growth
reliance on low-cost imports
competition from power tools and used and rental tools

The high durability and limited innovation of most hand tools also limits replacement and upgrade sales, especially in the more price-sensitive consumer market. Still, opportunities exist in the development of tools with features that encourage upgrades, including more ergonomic eatures, or with marketing tactics aimed at impulse purchases, gift-giving occasions, or customers who are buying other supplies for a specialized project.

Scope of the Report
This study analyzes US supply and demand for hand tools and parts and associated attachments by product, market, and distribution channel. Tools purchased as a part of a tool set are included in each individual product category. Hand tool product categories encompass:

hand service tools (specialized automotive tools such as airbag deployment tools, distributor clamp wrenches, lug wrenches, manual and hydraulic automobile jacks, muffler chisels, and seal replacers; wrenches; pliers; screwdrivers; hammers; and other hand service tools such as sledges, picks, mauls, nail pullers, clamps, caulking guns, and miscellaneous carpentry tools)
edge tools (paint and masonry tools such as glasscutters, patching knives, putty knives, scrapers, spackling knives, taping knives, utility knives, and wallpaper strippers; chisels and gouges; and axes, adzes, and hatchets)
hand saws
other hand tools such as augers, files, levels, measuring tapes, multitools, planers, professional staplers, rasps, and tampers
parts and attachments such as replacement handles for hand tools, repair pieces for hand tools, replacement nosepieces and jaws for hand tools, saw blades, and screwdriver bit sets

The markets for hand tools are:
Professional (construction, automotive aftermarket, and industrial and other professional)
Consumer

The distribution channels covered in the study are:
Home centers
Direct sales and distributors
Hardware stores
E-commerce
Mass marketers

Historical data are provided for 2009, 2014, and 2019 with forecasts for 2024. Data are provided in dollar value. Also included are survey data on consumer preferences and behavior and analysis of the industry’s key players and their market shares.

Table of Contents

186 Pages
    • Figure 1-1 | Key Trends in the US Hand Tools Market
    • Study Scope
    • Supply & Demand
    • Pricing Trends
    • Near-Term Impact of COVID-19
    • Scope
    • Supply & Demand
    • Demand by Type
    • Specialized Automotive Tools
    • Wrenches
    • Pliers
    • Screwdrivers
    • Hammers
    • Other Hand Service Tools (Sledges, Picks, Mauls, Clamps, Nail Pullers, Caulking Guns)
    • Scope
    • Supply & Demand
    • Demand by Type
    • Paint & Masonry Tools
    • Chisels
    • Axes, Adzes, & Hatchets
    • Scope
    • Supply & Demand
    • Suppliers
    • Other Hand Tools
    • Parts & Attachments
    • Market Scope
    • Demand by Market Sector
    • Demand by Type
    • Market Scope
    • Demand by Tool Type
    • Hand Tool Ownership Rates
    • Factors Impacting Consumer Purchasing
    • Consumer Purchasing Trends
    • Sales by Distribution Channel
    • Direct Sales & Distributors
    • Home Centers
    • Hardware Stores
    • Mass Marketers
    • E-Commerce
    • Key Findings & Industry Composition
    • Market Share
    • Competitive Strategies
    • Mergers & Acquisitions
    • List of Industry Participants
    • Scope
    • Definitions
    • Abbreviations
    • Freedonia Methodology
    • Study-Specific Methodology
    • Sources
    • Associations & Agencies
    • Related Studies & Reports
    • Macroeconomic Assumptions

Pricing

Currency Rates
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