Power Tools & Other General Purpose Machinery Manufacturing in Minnesota
Over the five years to 2018, the Power Tools and Other General Purpose Machinery Manufacturing industry in Minnesota has benefited from the growth of all manufacturing industries in the state. However, industry growth from heightened has been tempered by the strengthening of the US dollar, as a stronger dollar makes imported products more price competitive. Over the five years to 2023, the Power Tools and Other General Purpose Machinery Manufacturing industry in Minnesota is expected to grow at a faster pace than during the previous period. Increased local demand for the industry's products will drive industry growth. Additionally, the US dollar is projected to weaken over the five years to 2023, which will enhance the price competitiveness of industry products over imported goods.
Operators in this industry manufacture 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.