Power & Hand Tools

1
Power Hand Tools
One-Stop Shop for Business Information
2
Summary
US demand to rise nearly 3 annually through
2018 US demand for power and hand tools is
forecast to increase nearly three percent
annually through 2018 to 12.7 billion. Among
professional users, growth will stem primarily
from the recovering construction industry, which
is being helped by a boom in housing starts.
Additionally, the improved outlook for durable
goods manufacturing and the expansion of the
vehicle park will boost sales. Advances in the
consumer market will be supported by the
continued interest in do-it-yourself (DIY)
activities. Increasing consumer spending and
disposable incomes, as well as ongoing gains in
the number of households, will also boost demand.
However, the power and hand tool industry faces
intense pricing competition from imported
products, which will restrain value gains
somewhat.
3
Demand for power tools to outpace hand
tools Through the forecast period, demand gains
for power tools will outpace those for hand
tools, a reversal from the 2008-2013 period.
Specifically, electric tools will offer the best
opportunity for growth, due to the fact that
plug-in and cordless electric tools are widely
used both by professionals and consumers. In
addition, electric power tools withstand the most
intense product innovation, which helps to entice
users to up-grade older models with better
performing versions. In contrast, product
developments for hand tools are generally limited
to ergonomic improvement, as the product category
is better established and more mature. Dominant
professional market to grow the fastest The
professional market comprised the majority of
power and hand tool demand in 2013, and will post
faster gains through 2018. 
4
These trends reflect in part the greater
concentration of expensive power tools in the
professional market. Professionals are often
willing to pay more for higher quality tools,
since the initial investment will pay off over
the long run through better performance and
longer tool life. In addition, professionals tend
to use tools on a daily basis and, as a result,
must replace tools more frequently. In contrast,
consumers, who are less frequent users of tools,
are more likely to purchase tools based on price,
and rarely require more expensive versions that
use hydraulic or pneumatic power. US shipments to
trail demand due to import competition Shipment
gains of power and hand tools will trail those
for demand through 2018, a reflection of intense
import competition in the industry, although the
significance of imported products varies by
product segment. 
5
The largest sources of imported power and hand
tools to the US in 2013 were China, Mexico, and
Taiwan. Each of these countries offers favorable
production costs compared to the US. However,
there has been some effort from US-based
producers to relocate some production back into
the US professional users are often willing to
pay a higher premium for domestically produced
tools that they perceive to be of higher quality
compared to imports. Study coverage This
Freedonia industry study, Power Hand Tools,
presents historical demand data for 2003, 2008
and 2013, plus forecasts for 2018 and 2023 by
product and market. The study also details market
environment factors, evaluates company market
share and profiles 40 US industry players, such
as Apex Tool, Atlas Copco, Bosch, ITW, Makita,
Senco, Snap-on Tools, and Stanley Black Decker.
6
Table Of Content

• EXECUTIVE SUMMARY
• MARKET ENVIRONMENT
• POWER HAND TOOL OVERVIEW 
• POWER TOOLS
• HAND TOOLS
• MARKETS 
• INDUSTRY STRUCTURE

7

• To know more
• Power Hand Tools

Contact Us-Call India 91-22-27810772/73 Call
USA/Canada (Toll Free) 1-866-279-8368 Email id
info_at_bharatbook.com