Power Tools & Other General Purpose Machinery Manufacturing in the US
Demand in the Power Tools and Other General Purpose Machinery Manufacturing industry depends on industrial production, construction and the manufacturing sectors. Over the past five years, the industry has experienced contradictory forces from downstream demand, which has resulted revenue contracting over the five years to 2017. Though construction activity has been strong, commodity prices have hindered manufacturers, while the appreciation of the US dollar has led to less exports and higher import penetration. Over the five years to 2022, however, the industry is forecast to return to growth once more, due to renewed manufacturing demand and continued construction growth, as well as the expected depreciation of the US dollar boosting export levels.
Items manufactured under this industry code include: power-driven hand tools, welding and soldering equipment, packaging machinery, industrial-process furnaces and ovens, fluid-power cylinders and actuators, fluid-power pumps and motors, scales and balances and miscellaneous general purpose machinery.
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.