The U.S. Market for Hand Tools , a new report from Specialists in Business Information, analyzes strategies to boost growth and profit margins in this $6.2 billion industry. This updated report analyses and explores the past, present, and projected sales of gripping/driving tools, cutting/edge tools and usage- and industry-specific tools and other hand tools and accessories. Hand tools, for the purposes of this report, include products like hammers, screwdrivers, wrenches, pliers, saws, gardening tools/implements and automotive tools. Of particular importance to the marketplace are issues such as the strength of domestic products (unlike the market for power tools), the diversification of products and marketing based on the end-user, and the growing prominence of the DIYer, as opposed to the professional, in driving sales. The U.S. Market for Hand Tools also evaluates the effects of a growing economy and the potential in shifting consumer demographics. Key product trends affecting current product development, such as ergonomic designs, added features and improved materials, are discussed along with strategies for future development.
This SBI report provides an in-depth analysis of various products and manufacturers in the U.S. hand tool market. The report contains comprehensive data on U.S. shipments, imports and exports, end-use markets, purchaser demographics and the competitive environment. It also identifies key issues, regulations and trends affecting the marketplace, profiles major marketers, along with manufacturer and retailer strategies used to maximize growth and profitability, and forecasts market size through 2010 by each product category
The report methodology includes a combination of primary and secondary research. Historical market data is provided for 1992 through 2002, with estimates for 2003-2005 and forecast data from 2005 to 2010. The market size figures in this report are restricted mainly to power tool products covered by the U.S. Census Bureau. Shipment data on power tools are compiled from the U.S. Department of Commerce surveys and private data sources. Import and export data by major country of origin is derived from the U.S. Customs and U.S. International Trade Commission records to determine the total U.S. supply. The Bureau of Labor Statistics’ Producer Price Index has been used to compare price changes for the hand tool markets.
The Simmons Market Research Bureau (SMRB) provides the primary research data on consumer buying habits as they affect the hand tool category for home consumer use. The SMRB Spring 2005 survey is based on a sample of 24,686 U.S. respondents includes data on customer attitudes in selecting hand tools and brands. Secondary research data has been obtained from government sources, trade association publications, business journals, company literature and investment reports.
What You’ll Get in this Report
The U.S. Market for Hand Tools makes important predictions and recommendations regarding the future of this market, and pinpoints ways current and prospective marketers can capitalize on current trends and spearhead new ones. No other market research report provides both the comprehensive analysis and extensive data that The U.S. Market for Hand Tools offers. The report addresses the following segments:
Plus, you’ll benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.
How You Will Benefit from this Report
If your company is already competing in the hand tool market, or is considering making the leap, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current market, as well as projected sales and trends through 2010.
This report will help:
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