Power Tools & Other General Purpose Machinery Manufacturing in the US
This industry has experienced contradictory forces from downstream demand over the five years to 2018. Construction activity has been strong, whereas commodity prices have hindered manufacturers. Additionally, the appreciation of the US dollar has caused reduced cost competitiveness abroad, and in turn exports have declined. Despite reduced exports and restrained industrial sector, industry revenue has grown. Over the five years to 2023, revenue is expected to exhibit steady growth. Renewed manufacturing demand and construction will drive demand, while trade to industrializing countries is anticipated to reverse the decline of exports. The dollar is forecast to depreciate over the next five years, and uncertainty in key export destinations is expected to recede.
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.