Abstract
US demand to approach $14 billion by 2012
Power and hand tool demand in the US is forecast to increase over three
percent annually through 2012, approaching $14 billion. The US construction
outlook is expected to recover by 2012, creating demand in the professional
sector. In the meantime, consumer demand will benefit from continued interest
in DIY and home remodeling activities. Ongoing introduction of new products --
especially improved cordless tools -- will create gains in all markets.
US production of power and hand tools has been adversely affected by
competition from imports. Asian countries are leading suppliers of power and
hand tools due to their labor cost advantages relative to the US. In
particular, China has become the major source of US imports. US production of
electric tools has been drastically reduced by outsourcing of production to
lower-cost nations.
Power tools to continue outpacing hand tool demand
Maintaining established trends, power tool demand is forecast to outpace hand
tool demand due to the continuing popularity of cordless electric products
such as saws, sanders, polishers and grinders. Hand tool demand is limited by
the inherent durability of these products. Unlike power tools, common
household tools such as hammers frequently outlive their owners, dampening
replacement demand. In addition, product innovation is less common than in
power tools, limiting opportunities for value gains.
Cordless products will continue to post the best gains, benefitting not only
from macroeconomic factors but from their performance advantages vis-a-vis
plug-in models. The development of improved battery technology, such as
lithium-ion chemistry, has encouraged both consumers and professionals to use
cordless technology.
Consumer tool market to outpace professional users
Growth in consumer tool demand will outpace the professional segment,
benefitting from the ongoing popularity of do-it-yourself activities and the
tradeup by consumers to feature-laden power tools. In addition, the US
mortgage crisis will compel many homeowners to remain in their current homes
rather than trading up to a larger or newer house, thereby boosting home
remodeling and repair activity. Although growing more slowly than consumer
demand, professional users will continue to account for the majority of
overall tool demand through 2012. Professionals use a greater variety of
tools, most of which are also more expensive than those used by consumers.
Study coverage
This new Freedonia industry study, Power & Hand Tools, presents historical
demand data (1997, 2002 and 2007) and forecasts for 2012 and 2017 by tool
product and market. The study also considers market environment factors,
reviews foreign trade, details industry structure, evaluates company market
share and profiles leading competitors.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Environment
- Cyclical Trends
- Personal Income & Expenditure Patterns
- Demographic Trends
- Population Distribution
- Household Formation & Housing Stock Patterns
- Professional Employment
- Construction Activity
- Residential Construction
- New Housing
- Improvement & Repair
- Nonresidential
- Nonbuilding
- Motor Vehicle Outlook
- Industrial Sector Trends
- Manufacturers' Shipments
- Pricing Trends
- Technology
- US Foreign Trade
- World Outlook
III. POWER & HAND TOOL SUPPLY & DEMAND
IV. POWER TOOLS
- General
- Electric
- Demand by Electric Power Source
- Drills
- Saws
- Circular Saws
- Other Saws
- Foreign Trade
- Sanders, Polishers & Grinders
- Screwdrivers
- Planers & Routers
- Hammers
- Other Electric Tools
- Parts & Attachments
- Pneumatic
- Foreign Trade
- Drills & Screwdrivers
- Sanders, Polishers & Drivers
- Impact Wrenches
- Percussion Tools
- Other Pneumatic Tools
- Parts & Attachments
- Engine-Driven
- Other Power Tools
V. HAND TOOLS
- General
- Hand Service Tools
- Wrenches
- Shipments by Type
- Foreign Trade
- Pliers
- Specialized Automotive Tools
- Screwdrivers
- Hammers
- Other
- Edge Tools
- Paint & Masonry Tools
- Chisels
- Axes, Adzes & Hatchets
- Hand Saws
- Other Hand Tools
VI. MARKETS
- General
- Professional Demand
- By Type
- By Sector
- Construction
- Automotive Aftermarket
- Industrial & Other Professional Services
- Consumer Demand
VII. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Product Development
- Manufacturing
- Marketing
- Private Labels
- Distribution
- Direct Sales & Distributors
- Home Centers
- Other
- Mergers, Acquisitions & Industry Restructuring
- Cooperative Agreements
COMPANY PROFILES
- ABAC Group
- Actuant Corporation
- AEG Elektrowerkzeuge, see Techtronic
- Alltrade Tools LLC
- Ames True Temper Incorporated
- Applied Concepts Incorporated, see Emerson Electric
- Armstrong Tools Incorporated, see Danaher
- Atlas Copco AB
- Besco Pneumatic Corporation, see Stanley Works
- Black & Decker Corporation
- Blount International Incorporated
- Bosch (Robert) GmbH
- Channellock Incorporated
- Chicago Pneumatic Tool Company LLC, see Atlas Copco
- Cooper Industries Limited
- CST/Berger, see Bosch
- Danaher Corporation
- Daniels Manufacturing Corporation
- Del City Wire Company Incorporated, see Actuant
- Delta Machinery, see Black & Decker
- DEPRAG-Schulz GmbH and Company
- DESA LLC
- DeVilbiss Air Power Company, see Black & Decker
- DeWALT Industrial Tool Company, see Black & Decker
- Diamant Boart, see Husqvarna
- DUO-FAST, see Illinois Tool Works
- Emerson Electric Company
- Emhart Teknologies, see Black & Decker
- Enerpac, see Actuant
- Estwing Manufacturing Company Incorporated
- Facom Tools, see Stanley Works
- Felker, see Husqvarna
- Gardner Bender, see Actuant
- Grainger (WW) Incorporated
- Great Neck Saw Manufacturers Incorporated
- Gustav Klauke GmbH, see Textron
- Heritage Cutlery Incorporated, see Klein Tools
- Hilti AG
- Hitachi Limited
- Home Depot Incorporated
- Homelite Consumer Products Incorporated, see Techtronic
- Husqvarna AB
- Hydratight, see Actuant
- ICS, see Blount
- Illinois Tool Works Incorporated
- Ingersoll-Rand Company Limited
- IRWIN Industrial Tool Company, see Newell Rubbermaid
- Jacobs Chuck Manufacturing Company, see Danaher
- Jonsered, see Husqvarna
- K-D Tools, see Danaher
- Klein Tools Incorporated
- Lab Safety Supply Incorporated, see Grainger
- Leatherman Tool Group Incorporated
- LENOX, see Newell Rubbermaid
- Lowe' s Companies Incorporated
- Mac Tools, see Stanley Works
- Makita Corporation
- Matco Tools Corporation, see Danaher
- Meier (Walter) Holding AG
- Milwaukee Electric Tool Corporation, see Techtronic
- Nanjing Chervon Industry Company Limited
- Newell Rubbermaid Incorporated
- Nu Air USA Corporation, see ABAC
- Oregon Cutting Systems, see Blount
- Paladin Tools, see Textron
- Panasonic Corporation
- Porter-Cable Corporation, see Black & Decker
- Ricci (DL) Corporation, see Actuant
- Ridge Tool Company, see Emerson Electric
- Rothenberger LLC, see Textron
- Ryobi Technologies Incorporated, see Techtronic
- Sears Holdings Corporation
- SENCO Products Incorporated
- Snap-on Incorporated
- Soff-Cut International Incorporated, see Husqvarna
- Spear & Jackson Incorporated, see United Pacific
- SPX Corporation
- Stanley Works
- STIHL Holding AG & Company KG
- Stiletto Tools Incorporated, see Techtronic
- Team Products International Incorporated
- Techtronic Industries Company Limited
- Templeton, Kenly & Company Incorporated, see Actuant
- Textron Incorporated
- TRUMPF Group
- United Pacific Industries Limited
- Wal-Mart Stores Incorporated
- Windsor Forestry Tools LLC, see Blount
- WMH Tool Group Incorporated, see Meier (Walter) Holding
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- Macroeconomic Indicators
- Personal Consumption Expenditures
- Resident Population
- Household Formation & Housing Stock
- Professional Employment
- Construction Expenditures
- Residential Building Construction Expenditures
- Private Housing Starts
- Residential Improvement & Repair Expenditures
- Nonresidential Building Construction Expenditures
- Nonbuilding Construction Expenditures
- Motor Vehicle Park
- Nonresidential Fixed Investment Expenditures
- Manufacturers' Shipments
- Price Deflators for Power & Hand Tools
- Power & Hand Tool Foreign Trade
- World Power & Hand Tool Demand
SECTION III -- POWER & HAND TOOL
- SUPPLY & DEMAND
- Power & Hand Tool Supply & Demand
- Power & Hand Tool Shipments by Type
SECTION IV -- POWER TOOLS
- Power Tool Supply & Demand
- Electric Tool Supply & Demand
- Electric Tool Demand by Power Source
- Electric Drill Supply & Demand
- Electric Saw Supply & Demand
- Electric Sander, Polisher & Grinder Supply & Demand
- Electric Screwdriver Supply & Demand
- Electric Planer & Router Supply & Demand
- Electric Hammer Supply & Demand
- Other Electric Tool Supply & Demand
- Electric Parts & Attachments Supply & Demand
- Pneumatic Tool Supply & Demand
- Pneumatic Drill & Screwdriver Supply & Demand
- Pneumatic Sander, Polisher & Grinder Supply & Demand
- Pneumatic Impact Wrench Supply & Demand
- Pneumatic Percussion Tool Supply & Demand
- Other Pneumatic Tool Supply & Demand
- Pneumatic Parts & Attachments Supply & Demand
- Engine-Driven Tool Supply & Demand
- Other Power Tool Supply & Demand
SECTION V -- HAND TOOLS
- Hand Tool Supply & Demand
- Hand Service Tool Supply & Demand
- Wrench Supply & Demand
- Pliers Supply & Demand
- Specialized Automotive Tool Supply & Demand
- Screwdriver Supply & Demand
- Hammer Supply & Demand
- Other Hand Service Tool Supply & Demand
- Edge Tool Supply & Demand
- Paint & Masonry Tool Supply & Demand
- Chisel Supply & Demand
- Ax, Adze & Hatchet Supply & Demand
- Hand Saw Supply & Demand
- Other Hand Tool Supply & Demand
SECTION VI -- MARKETS
- Power & Hand Tool Demand by Market
- Professional Tool Demand by Type
- Professional Tool Demand by Sector
- Construction Market for Power & Hand Tools
- Automotive Aftermarket Demand for Power & Hand Tools
- Industrial & Other Professional Demand for
- Power & Hand Tools
- Consumer Tool Demand by Type
SECTION VII -- INDUSTRY STRUCTURE
- US Power & Hand Tool Sales by Company, 2007
- Power & Hand Tool Demand by Distribution Channel
- Selected Acquisitions & Divestitures
- Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- Year of Construction of Housing Stock, 2007
- Power & Hand Tool Imports, 2007
- Power & Hand Tool Exports, 2007
SECTION III -- POWER & HAND TOOL
- SUPPLY & DEMAND
- Tool Demand by Type, 1997-2017
- Power & Hand Tool Shipments by Type, 1997-2017
SECTION IV -- POWER TOOLS
- Electric Drill Imports by Source, 2007
- Electric Drill Exports by Destination, 2007
- Electric Saw Foreign Trade: Imports by Source vs.
- Exports by Destination, 2007
- Electric Sander, Polisher & Grinder Imports by Source, 2007
- Electric Sander, Polisher & Grinder Exports by
- Destination, 2007
- Electric Planer & Router Imports by Source, 2007
- Electric Planer & Router Exports by Destination, 2007
- Engine-Driven Tool Foreign Trade: Imports by Source vs.
- Exports by Destination, 2007
SECTION V -- HAND TOOLS
- Wrench Foreign Trade: Imports by Source vs. Exports by
- Destination, 2007
- Pliers Imports by Source, 2007
- Pliers Exports by Destination, 2007
- Screwdriver Imports by Source, 2007
- Screwdriver Exports by Destination, 2007
SECTION VI -- MARKETS
- Power & Hand Tool Demand by Market, 1997-2017
SECTION VII -- INDUSTRY STRUCTURE
- Power & Hand Tool Market Share, 2007
- Power Tool Market Share by Company, 2007
- Hand Tool Market Share, 2007
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