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Power & Hand Tools


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Power & Hand Tools

US demand to rise nearly 3% annually through 2018
US demand for power and hand tools is forecast to increase nearly three percent annually through 2018 to $12.7 billion. Among professional users, growth will stem primarily from the recovering construction industry, which is being helped by a boom in housing starts. Additionally, the improved outlook for durable goods manufacturing and the expansion of the vehicle park will boost sales. Advances in the consumer market will be supported by the continued interest in do-it-yourself (DIY) activities. Increasing consumer spending and disposable incomes, as well as ongoing gains in the number of households, will also boost demand. However, the power and hand tool industry faces intense pricing competition from imported products, which will restrain value gains somewhat.

Demand for power tools to outpace hand tools
Through the forecast period, demand gains for power tools will outpace those for hand tools, a reversal from the 2008-2013 period. Specifically, electric tools will offer the best opportunity for growth, due to the fact that plug-in and cordless electric tools are widely used both by professionals and consumers. In addition, electric power tools withstand the most intense product innovation, which helps to entice users to up-grade older models with better performing versions. In contrast, product developments for hand tools are generally limited to ergonomic improvement, as the product category is better established and more mature.

Dominant professional market to grow the fastest
The professional market comprised the majority of power and hand tool demand in 2013, and will post faster gains through 2018. These trends reflect in part the greater concentration of expensive power tools in the professional market. Professionals 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. In addition, professionals tend to use tools on a daily basis and, as a result, must replace tools more frequently. In contrast, consumers, who are less frequent users of tools, are more likely to purchase tools based on price, and rarely require more expensive versions that use hydraulic or pneumatic power.

US shipments to trail demand due to import competition

Shipment gains of power and hand tools will trail those for demand through 2018, a reflection of intense import competition in the industry, although the significance of imported products varies by product segment. The largest sources of imported power and hand tools to the US in 2013 were China, Mexico, and Taiwan. Each of these countries offers favorable production costs compared to the US. However, there has been some effort from US-based producers to relocate some production back into the US; professional users are often willing to pay a higher premium for domestically produced tools that they perceive to be of higher quality compared to imports.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table POWER & HAND TOOL SUPPLY & DEMAND
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Outlook
      • Table MACROECONOMIC INDICATORS
    • Personal Income & Expenditure Outlook
      • Table PERSONAL CONSUMPTION EXPENDITURES
    • Demographic Outlook
      • Population
        • Table RESIDENT POPULATION
      • Household Formation & Housing Stock Outlook
        • Table HOUSING STOCK BY TYPE
        • Table CHART II-1 YEAR OF CONSTRUCTION OF HOUSING STOCK, 2013
    • Professional Employment Outlook
      • Table PROFESSIONAL EMPLOYMENT
    • Construction Outlook
      • Table CONSTRUCTION EXPENDITURES
      • Residential Construction
        • Table RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES
        • Table PRIVATE HOUSING STARTS
        • Table RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES
      • Nonresidential Building Construction
        • Table NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES
      • Nonbuilding Construction
        • Table NONBUILDING CONSTRUCTION EXPENDITURES
    • Motor Vehicle Outlook
      • Table MOTOR VEHICLE INDICATORS
    • Nonresidential Fixed Investment Outlook
      • Table NONRESIDENTIAL FIXED INVESTMENT
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS
  • POWER & HAND TOOL OVERVIEW
    • General
    • Demand
      • Table POWER & HAND TOOL SUPPLY & DEMAND
    • Shipments
      • Table POWER & HAND TOOL SHIPMENTS BY TYPE
    • US Foreign Trade
      • Table POWER & HAND TOOL FOREIGN TRADE
      • Imports
        • Table CHART III-1 POWER & HAND TOOL IMPORTS BY SOURCE, 2013
      • Exports
        • Table CHART III-2 POWER & HAND TOOL EXPORTS BY SOURCE, 2013
    • World Outlook
      • Table WORLD POWER & HAND TOOL DEMAND
    • Pricing Trends
      • Table PRICE DEFLATORS FOR POWER & HAND TOOLS
    • Technology
  • POWER TOOLS
    • General
      • Table POWER TOOL SUPPLY & DEMAND
      • Imports
        • Table CHART IV-1 POWER TOOL IMPORTS BY SOURCE, 2013
      • Exports
        • Table CHART IV-2 POWER TOOL EXPORTS BY DESTINATION, 2013
    • Electric
      • Table ELECTRIC TOOL SUPPLY & DEMAND
      • Imports
        • Table CHART IV-3 ELECTRIC TOOL IMPORTS BY SOURCE, 2013
      • Exports
        • Table CHART IV-4 ELECTRIC TOOL EXPORTS BY DESTINATION, 2013
      • Demand by Electric Power Source
        • Table ELECTRIC TOOL DEMAND BY POWER SOURCE
        • Table CHART IV-5 SELECTED PLUG-IN & CORDLESS ELECTRIC TOOL SHARE BY PRODUCT, 2013
      • Drills
        • Table ELECTRIC DRILL SUPPLY & DEMAND
        • Table CHART IV-6 ELECTRIC DRILL IMPORTS BY SOURCE, 2013
      • Saws
        • Table ELECTRIC SAW SUPPLY & DEMAND
        • Table CHART IV-7 ELECTRIC SAW IMPORTS BY SOURCE, 2013
      • Sanders, Polishers, & Grinders
        • Table ELECTRIC SANDER, POLISHER, & GRINDER SUPPLY & DEMAND
        • Table CHART IV-8 ELECTRIC SANDER, POLISHER, & GRINDER IMPORTS BY SOURCE, 2013
      • Screwdrivers
        • Table ELECTRIC SCREWDRIVER SUPPLY & DEMAND
        • Table CHART IV-9 ELECTRIC SCREWDRIVER IMPORTS BY SOURCE, 2013
      • Planers & Routers
        • Table ELECTRIC PLANER & ROUTER SUPPLY & DEMAND
      • Hammers
        • Table ELECTRIC HAMMER SUPPLY & DEMAND
      • Other Electric Tools
        • Table OTHER ELECTRIC TOOL SUPPLY & DEMAND
      • Parts & Attachments
        • Table ELECTRIC TOOL PARTS & ATTACHMENTS SUPPLY & DEMAND
    • Pneumatic
      • Table PNEUMATIC TOOL SUPPLY & DEMAND
      • Imports
        • Table CHART IV-10 PNEUMATIC TOOL IMPORTS BY SOURCE, 2013
      • Exports
        • Table CHART IV-11 PNEUMATIC TOOL EXPORTS BY DESTINATION, 2013
      • Nailers & Staplers
        • Table PNEUMATIC NAILER & STAPLER SUPPLY & DEMAND
      • Impact Wrenches
        • Table PNEUMATIC IMPACT WRENCH SUPPLY & DEMAND
      • Drills & Screwdrivers
        • Table PNEUMATIC DRILL & SCREWDRIVER SUPPLY & DEMAND
      • Percussion Tools
        • Table PNEUMATIC PERCUSSION TOOL SUPPLY & DEMAND
      • Sanders, Polishers, & Grinders
        • Table PNEUMATIC SANDER, POLISHER, & GRINDER SUPPLY &DEMAND
      • Other Pneumatic Tools
        • Table OTHER PNEUMATIC TOOL SUPPLY & DEMAND
      • Parts & Attachments
        • Table PNEUMATIC TOOL PARTS & ATTACHMENTS SUPPLY & DEMAND
    • Other Power Tools
      • Table OTHER POWER TOOL SUPPLY & DEMAND
  • HAND TOOLS
    • General
      • Table HAND TOOL SUPPLY & DEMAND
      • Imports
        • Table CHART V-1 HAND TOOL IMPORTS BY SOURCE, 2013
      • Exports
        • Table CHART V-2 HAND TOOL EXPORTS BY DESTINATION, 2013
    • Hand Service Tools
      • Table HAND SERVICE TOOL SUPPLY & DEMAND
      • Imports
        • Table CHART V-3 HAND SERVICE TOOL IMPORTS BY SOURCE, 2013
      • Exports
        • Table CHART V-4 HAND SERVICE TOOL EXPORTS BY DESTINATION, 2013
      • Wrenches
        • Table WRENCH SUPPLY & DEMAND
        • Table CHART V-5 WRENCH IMPORTS & EXPORTS, 2013
      • Pliers
        • Table PLIERS SUPPLY & DEMAND
      • Specialized Automotive Tools
        • Table SPECIALIZED AUTOMOTIVE TOOL 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
      • Paint & Masonry Tools
        • Table PAINT & MASONRY TOOL SUPPLY & DEMAND
      • Chisels
        • Table CHISEL SUPPLY & DEMAND
      • Axes, Adzes, & Hatchets
        • Table AX, ADZE, & HATCHET SUPPLY & DEMAND
    • Hand Saws
      • Table HAND SAW SUPPLY & DEMAND
    • Other Hand Tools
      • Table OTHER HAND TOOL SUPPLY & DEMAND
  • MARKETS
    • General
      • Table POWER & HAND TOOL DEMAND BY MARKET
      • Table CHART VI-1 POWER & HAND TOOL DEMAND BY MARKET, 2003-2023
    • Professional Demand
      • By Type
        • Table PROFESSIONAL TOOL DEMAND BY TYPE
      • By Sector
        • Table PROFESSIONAL TOOL DEMAND BY SECTOR
        • Table CONSTRUCTION DEMAND FOR POWER & HAND TOOLS
        • Table AUTOMOTIVE AFTERMARKET DEMAND FOR POWER & HAND TOOLS
        • Table INDUSTRIAL & OTHER PROFESSIONAL DEMAND FOR POWER & HAND TOOLS
    • Consumer Demand
      • Table CONSUMER TOOL DEMAND BY TYPE
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table US POWER & HAND TOOL SALES BY COMPANY, 2013
      • Power Tools
      • Hand Tools
    • Market Share
      • Table CHART VII-1 POWER & HAND TOOL MARKET SHARE, 2013
      • Power Tools
        • Table CHART VII-2 POWER TOOL MARKET SHARE, 2013
      • Hand Tools
        • Table CHART VII-3 HAND TOOL MARKET SHARE, 2013
    • Product Development
    • Manufacturing
    • Marketing
    • Private Labels
    • Distribution
      • Table POWER & HAND TOOL DEMAND BY DISTRIBUTION CHANNEL
      • Direct Sales & Distributors
      • Home Centers
      • E-Commerce
      • Other
    • Mergers, Acquisitions, & Divestitures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Company Profiles
      • Actuant Corporation
      • AIMCO Corporation
      • Alltrade Tools LLC
      • Apex Tool Group LLC
      • Atlas Copco AB
      • Bosch (Robert) GmbH
      • Channellock Incorporated
      • Chervon Holdings Limited
      • Danaher Corporation
      • Daniels Manufacturing Corporation
      • DEPRAG-Schulz GmbH and Company
      • Emerson Electric Company
      • Estwing Manufacturing Company Incorporated
      • Grainger (WW) Incorporated
      • Great Neck Saw Manufacturers Incorporated
      • Griffon Corporation
      • Hilti AG
      • Hitachi Limited
      • Home Depot Incorporated
      • IDEAL Industries Incorporated
      • Illinois Tool Works Incorporated
      • Ingersoll-Rand plc
      • JPW Industries Incorporated
      • Klein Tools Incorporated
      • Leatherman Tool Group Incorporated
      • Lowe's Companies Incorporated
      • Makita Corporation
      • Meier (Walter) AG
      • Newell Rubbermaid Incorporated
      • Panasonic Corporation
      • Power Products LLC
      • Sears Holdings Corporation
      • Senco Brands Incorporated
      • Snap-on Incorporated
      • SPX Corporation
      • Stanley Black & Decker Incorporated
      • Techtronic Industries Company Limited
      • Textron Incorporated
      • TRUMPF Group
      • United Pacific Industries Limited
      • Wal-Mart Stores Incorporated
    • Other Companies in the US Power & Hand Tool Industry

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