Power Tool Manufacturing
Over the five years to 2018, the fundamental factors that drive demand for the Power Tools Manufacturing industry products have exhibited growth. However, industry revenue is expected to decline over the five years to 2018. The construction sector, which is a significant source of demand for industry goods, has exhibited strong growth. However, a growing share of domestic demand has been satisfied by imports. The homogenous nature of most power tools enables them to be mass produced, exposing the industry to fierce competition from imports, particularly from China and Mexico. At the same time, the number of industry enterprises is expected to rise marginally, due to the entrance of niche manufacturers. Markups on higher-end products have enabled profit margins to expand during the current period. Over the five years to 2023, the industry is expected to benefit from increased exports and reduced import penetration, resulting from depreciation in the value of the US dollar. Stable growth in the value of private, nonresidential construction is also expected to support revenue growth during the outlook period. As a result, industry revenue is anticipated to grow.
This industry manufactures power-driven (e.g. battery, corded, pneumatic) hand tools including drills, circular saws, chain saws and nail guns. Operators that manufacture such tools may also sell spare or replacement parts. This industry excludes operators that exclusively sell parts, power-driven heavy construction hand tools (e.g. tampers, jackhammers), powered pumps and vacuums, outdoor powered equipment (e.g. lawnmowers, power washers) and machine tools for woodcutting.
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.
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