US Power & Hand Tools Market

678 views

Published on

US demand to increase 4% annually through 2014 Power and hand tool demand in the US is forecast to increase 4.0 percent annually through 2012, reaching $10.9 billion. Although facing difficulty in the shorter term, the US construction outlook is expected to recover by 2014, creating demand in the professional sector. In the meantime, consumer demand will benefit from continued interest in DIY and home remodeling activities. In addition, the introduction of new products -- especially improved cordless tools -- will create gains in both markets. Professional segment to outpace consumer market Growth in professional tool demand will outpace that of the consumer segment, reflecting the rebound in the economy and rising employment in the construction and manufacturing sectors from a low 2009 base. In addition, professionals use a greater variety of tools, most of which are also more expensive than those used by consumers. Among the large professional markets, the construction sector will post the best gains through 2014, reflecting an expected recovery in residential construction activity, coupled with continued strength in nonresidential and nonbuilding construction. Still, consumer tool demand will rise a solid 3.3 percent per annum, benefiting from the ongoing popularity of do-ityourself activities and the trade-up 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 larger or more modern houses, thereby boosting home remodeling and repair activity. In addition, a growing number of women have become interested in DIY activities, as evidenced by websites and classes geared toward this group. Power tools to continue outpacing hand tools 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 and screwdrivers. 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, benefiting not only from macroeconomic factors but from their performance advantages vis-a-vis plug-in models. Furthermore, the development of improved battery technology, such as lithium-ion chemistry, has encouraged both consumers and professionals to use cordless technology. Power and hand tool production has shifted to Asia US production of power and hand tools has been adversely affected by competition from imports, which comprised more than 40 percent of demand in 2009. 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. Electric tool production has been dramatically reduced by outsourcing to lower cost nations. In contrast, a larger share of hand tool production has remained in the US, reflecting the strong brand recognition of many smaller, specialized hand tool producers. Study coverage This new industry study presents historical demand data (1999, 2004 and 2009) plus forecasts for 2014 and 2019 by type and market. The study also considers key market environment factors, evaluates company market share and profiles 40 industry competitors, including Emerson Electric, Robert Bosch, Snap-on, Stanley Black & Decker, and Techtronic.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
678
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

US Power & Hand Tools Market

  1. 1. Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!US Power & Hand Tools MarketPublished on November 2010 Report SummaryUS demand to increase 4% annually through 2014Power and hand tool demand in the US is forecast to increase 4.0 percent annually through 2012, reaching $10.9 billion. Althoughfacing difficulty in the shorter term, the US construction outlook is expected to recover by 2014, creating demand in the professionalsector. In the meantime, consumer demand will benefit from continued interest in DIY and home remodeling activities. In addition, theintroduction of new products -- especially improved cordless tools -- will create gains in both markets.Professional segment to outpace consumer marketGrowth in professional tool demand will outpace that of the consumer segment, reflecting the rebound in the economy and risingemployment in the construction and manufacturing sectors from a low 2009 base. In addition, professionals use a greater variety oftools, most of which are also more expensive than those used by consumers. Among the large professional markets, the constructionsector will post the best gains through 2014, reflecting an expected recovery in residential construction activity, coupled withcontinued strength in nonresidential and nonbuilding construction. Still, consumer tool demand will rise a solid 3.3 percent per annum,benefiting from the ongoing popularity of do-ityourself activities and the trade-up by consumers to feature-laden power tools. Inaddition, the US mortgage crisis will compel many homeowners to remain in their current homes rather than trading up to larger ormore modern houses, thereby boosting home remodeling and repair activity. In addition, a growing number of women have becomeinterested in DIY activities, as evidenced by websites and classes geared toward this group.Power tools to continue outpacing hand toolsMaintaining established trends, power tool demand is forecast to outpace hand tool demand due to the continuing popularity ofcordless electric products such as saws, sanders and screwdrivers. Hand tool demand is limited by the inherent durability of theseproducts. Unlike power tools, common household tools such as hammers frequently outlive their owners, dampening replacementdemand. In addition, product innovation is less common than in power tools, limiting opportunities for value gains. Cordless productswill continue to post the best gains, benefiting not only from macroeconomic factors but from their performance advantages vis-a-visplug-in models. Furthermore, the development of improved battery technology, such as lithium-ion chemistry, has encouraged bothconsumers and professionals to use cordless technology.Power and hand tool production has shifted to AsiaUS production of power and hand tools has been adversely affected by competition from imports, which comprised more than 40percent of demand in 2009. Asian countries are leading suppliers of power and hand tools due to their labor cost advantages relativeto the US. In particular, China has become the major source of US imports. Electric tool production has been dramatically reduced byoutsourcing to lower cost nations. In contrast, a larger share of hand tool production has remained in the US, reflecting the strongbrand recognition of many smaller, specialized hand tool producers.Study coverageThis new industry study presents historical demand data (1999, 2004 and 2009) plus forecasts for 2014 and 2019 by type andUS Power & Hand Tools Market Page 1/11
  2. 2. Find Industry reports, Company profilesReportLinker and Market Statisticsmarket. The study also considers key market environment factors, evaluates company market share and profiles 40 industrycompetitors, including Emerson Electric, Robert Bosch, Snap-on, Stanley Black & Decker, and Techtronic. Table of ContentINTRODUCTION xiiI. EXECUTIVE SUMMARY 1II. MARKET ENVIRONMENT 4General 4Macroeconomic Environment 5Cyclical Trends 6Personal Income & Expenditure Patterns 10Demographic Trends 12Population 13Household Formation & Housing Stock Patterns 15Professional Employment 19Construction Activity 21Residential Construction 22New Housing 24Improvement & Repair 28Nonresidential Building Construction 29Nonbuilding Construction 32Motor Vehicle Outlook 34Nonresidential Fixed Investment 37Manufacturing Outlook 40III. POWER & HAND TOOL OVERVIEW 44General 44Demand 44Shipments 48US Foreign Trade 51Imports 52Exports 55World Outlook 58Pricing Trends 60Technology 62IV. POWER TOOLS 64General 64Imports 66Exports 68US Power & Hand Tools Market Page 2/11
  3. 3. Find Industry reports, Company profilesReportLinker and Market StatisticsElectric 70Imports 73Exports 75Demand by Electric Power Source 77Drills 79Plug-In 82Cordless 83Foreign Trade 84Saws 85Circular Saws 88Other Saws 89Foreign Trade 90Sanders, Polishers & Grinders 91Supply & Demand 92Foreign Trade 95Screwdrivers 96Supply & Demand 96Foreign Trade 98Planers & Routers 99Hammers 101Other Electric Tools 103Parts & Attachments 105Pneumatic 108Imports 112Exports 113Nailers & Staplers 115Impact Wrenches 118Drills & Screwdrivers 119Percussion Tools 121Sanders, Polishers & Grinders 122Other Pneumatic Tools 124Parts & Attachments 125Engine-Driven 127Other Power Tools 132V. HAND TOOLS 134General 134Imports 136Exports 138Hand Service Tools 140Imports 142Exports 144Wrenches 145Shipments by Type 147Foreign Trade 149Pliers 152Specialized Automotive Tools 154Screwdrivers 156Hammers 158US Power & Hand Tools Market Page 3/11
  4. 4. Find Industry reports, Company profilesReportLinker and Market StatisticsOther 160Edge Tools 162Paint & Masonry Tools 164Chisels 166Axes, Adzes & Hatchets 168Hand Saws 170Other Hand Tools 173VI. MARKETS 176General 176Professional Demand 178By Type 179By Sector 181Construction 183Automotive Aftermarket 185Industrial & Other Professional Services 187Consumer Demand 189VII. INDUSTRY STRUCTURE 193General 193Industry Composition 195Power Tools 197Hand Tools 198Market Share 199Power Tools 201Hand Tools 205Product Development 208Manufacturing 210Marketing 211Private Labels 214Distribution 215Direct Sales & Distributors 216Home Centers 217Other 219Mergers, Acquisitions & Industry Restructuring 221Cooperative Agreements 223Company Profiles 226Actuant Corporation 227Alltrade Tools LLC 231Ames True Temper, see GriffonAnderson Power Products, see IDEAL IndustriesApex Tool Group, see Cooper Industries and DanaherAtlas Copco AB 234Ben Meadows, see Grainger (WW)Besco Pneumatic, see Stanley Black & DeckerBiach Industries, see ActuantBlack & Decker, see Stanley Black & DeckerBlount International Incorporated 238US Power & Hand Tools Market Page 4/11
  5. 5. Find Industry reports, Company profilesReportLinker and Market StatisticsBosch (Robert) GmbH 242Carlton, see Blount InternationalChannellock Incorporated 248Chervon Holdings Limited 250Chicago Pneumatic Tool, see Atlas CopcoCooper Industries plc 252Danaher Corporation 257Daniels Manufacturing Corporation 262Del City Wire, see ActuantDELTA/PORTER-CABLE, see Stanley Black & DeckerDEPRAG-Schulz GmbH and Company 264DeVilbiss Air Power, see Stanley Black & DeckerDeWALT Industrial Tool, see Stanley Black & DeckerDiamant Boart International, see HusqvarnaDuo-Fast Construction, see Illinois Tool WorksEmerson Electric Company 266Emhart Teknologies, see Stanley Black & DeckerEnerpac, see ActuantEstwing Manufacturing Company Incorporated 269Facom, see Stanley Black & DeckerGardner Bender, see ActuantGemplers, see Grainger (WW)Grainger (WW) Incorporated 271Great Neck Saw Manufacturers Incorporated 276Greenlee Textron, see TextronGriffon Corporation 278Hilti AG 280Hitachi Koki Company Limited 283Home Depot Incorporated 286Homelite Consumer Products, see Techtronic IndustriesHusqvarna AB 288Hydratight, see ActuantICS, see Blount InternationalIDEAL Industries Incorporated 293Illinois Tool Works Incorporated 296Imperial Supplies, see Grainger (WW)Ingersoll-Rand plc 299IRWIN Industrial Tool, see Newell RubbermaidITW Ramset, see Illinois Tool WorksJonsered, see HusqvarnaKlein Tools Incorporated 301Kmart, see Sears HoldingsLab Safety Supply, see Grainger (WW)Leatherman Tool Group Incorporated 304LENOX, see Newell RubbermaidLowes Companies Incorporated 306Mac Tools, see Stanley Black & DeckerMakita Corporation 308Marinco Electrical Group, see ActuantMatco Tools, see DanaherUS Power & Hand Tools Market Page 5/11
  6. 6. Find Industry reports, Company profilesReportLinker and Market StatisticsMcFeelys, see Grainger (WW)Meier (Walter) AG 312Milwaukee Electric Tool, see Techtronic IndustriesNanjing Chervon Industry, see Chervon HoldingsNewell Rubbermaid Incorporated 315Panasonic Corporation 319Paslode Construction, see Illinois Tool WorksPratt-Read, see IDEAL IndustriesProfessional Equipment, see Grainger (WW)Quincy Compressor, see Atlas CopcoRedMax/Zenoah America, see HusqvarnaRidge Tool, see Emerson ElectricRothenberger, see TextronSears Holdings Corporation 321Senco Brands Incorporated 324SK Hand Tools, see IDEAL IndustriesSnap-on Incorporated 326Spear & Jackson, see United Pacific IndustriesSPX Corporation 330Stanley Black & Decker Incorporated 333STIHL Holding AG & Company KG 342Techtronic Industries Company Limited 345Templeton, Kenly, see ActuantTextron Incorporated 349TRUMPF Group 352United Pacific Industries Limited 355Wal-Mart Stores Incorporated 357Western Forge, see IDEAL IndustriesWindsor Forestry Tools, see Blount InternationalWMH Tool Group, see Meier (Walter)LIST OF TABLESSECTION I -- EXECUTIVE SUMMARYSummary Table 3SECTION II -- MARKET ENVIRONMENT1 Macroeconomic Indicators 102 Personal Consumption Expenditures 123 Resident Population 154 Household Formation & Housing Stock 185 Professional Employment 216 Construction Expenditures 227 Residential Building Construction Expenditures 248 Private Housing Starts 289 Residential Improvement & Repair Expenditures 2910 Nonresidential Building Construction Expenditures 3211 Nonbuilding Construction Expenditures 34US Power & Hand Tools Market Page 6/11
  7. 7. Find Industry reports, Company profilesReportLinker and Market Statistics12 Motor Vehicle Indicators 3713 Nonresidential Fixed Investment Expenditures 4014 Manufacturers Shipments 43SECTION III -- POWER & HAND TOOL OVERVIEW1 Power & Hand Tool Supply & Demand 472 Power & Hand Tool Shipments by Type 503 Power & Hand Tool Foreign Trade 524 World Power & Hand Tool Demand 595 Price Deflators for Power & Hand Tools 61SECTION IV -- POWER TOOLS1 Power Tool Supply & Demand 662 Electric Tool Supply & Demand 733 Electric Tool Demand by Power Source 794 Electric Drill Supply & Demand 825 Electric Saw Supply & Demand 886 Electric Sander, Polisher & Grinder Supply & Demand 947 Electric Screwdriver Supply & Demand 988 Electric Planer & Router Supply & Demand 1019 Electric Hammer Supply & Demand 10310 Other Electric Tool Supply & Demand 10511 Electric Tool Parts & Attachments Supply & Demand 10812 Pneumatic Tool Supply & Demand 11113 Pneumatic Nailer & Stapler Supply & Demand 11714 Pneumatic Impact Wrench Supply & Demand 11915 Pneumatic Drill & Screwdriver Supply & Demand 12016 Pneumatic Percussion Tool Supply & Demand 12217 Pneumatic Sander, Polisher & Grinder Supply & Demand 12418 Other Pneumatic Tool Supply & Demand 12519 Pneumatic Tool Parts & Attachments Supply & Demand 12620 Engine-Driven Tool Supply & Demand 13021 Other Power Tool Supply & Demand 133SECTION V -- HAND TOOLS1 Hand Tool Supply & Demand 1362 Hand Service Tool Supply & Demand 1423 Wrench Supply & Demand 1474 Pliers Supply & Demand 1545 Specialized Automotive Tool Supply & Demand 1566 Screwdriver Supply & Demand 1587 Hammer Supply & Demand 1608 Other Hand Service Tool Supply & Demand 1629 Edge Tool Supply & Demand 16410 Paint & Masonry Tool Supply & Demand 16611 Chisel Supply & Demand 16812 Ax, Adze & Hatchet Supply & Demand 170US Power & Hand Tools Market Page 7/11
  8. 8. Find Industry reports, Company profilesReportLinker and Market Statistics13 Hand Saw Supply & Demand 17214 Other Hand Tool Supply & Demand 175SECTION VI -- MARKETS1 Power & Hand Tool Demand by Market 1772 Professional Tool Demand by Type 1813 Professional Tool Demand by Sector 1824 Construction Demand for Power & Hand Tools 1845 Automotive Aftermarket Demand for Power & Hand Tools 1876 Industrial & Other Professional Demand forPower & Hand Tools 1897 Consumer Tool Demand by Type 192SECTION VII -- INDUSTRY STRUCTURE1 US Power & Hand Tool Sales by Company, 2009 1962 Power & Hand Tool Demand by Distribution Channel 2163 Selected Acquisitions & Divestitures 2224 Selected Cooperative Agreements 224LIST OF CHARTSSECTION II -- MARKET ENVIRONMENT1 Year of Construction of Housing Stock, 2009 19SECTION III -- POWER & HAND TOOL OVERVIEW1 Power & Hand Tool Demand by Type, 1999-2019 482 Power & Hand Tool Shipments by Type, 1999-2019 503 Power & Hand Tool Imports by Source, 2009 554 Power & Hand Tool Exports by Destination, 2009 58SECTION IV -- POWER TOOLS1 Power Tool Imports by Source, 2009 682 Power Tool Exports by Destination, 2009 703 Electric Tool Imports by Source, 2009 754 Electric Tool Exports by Destination, 2009 765 Electric Drill Imports by Source, 2009 856 Electric Saw Imports by Source, 2009 917 Electric Sander, Polisher & Grinder Imports by Source, 2009 958 Electric Screwdriver Imports by Source, 2009 999 Pneumatic Tool Imports by Source, 2009 11310 Pneumatic Tool Exports by Destination, 2009 11511 Engine-Driven Tool Imports by Source, 2009 13112 Engine-Driven Tool Exports by Destination, 2009 131SECTION V -- HAND TOOLS1 Hand Tool Imports by Source, 2009 1382 Hand Tool Exports by Destination, 2009 1403 Hand Service Tool Imports by Source, 2009 1444 Hand Service Tool Exports by Destination, 2009 1455 Wrench Imports by Source, 2009 1516 Wrench Exports by Destination, 2009 151US Power & Hand Tools Market Page 8/11
  9. 9. Find Industry reports, Company profilesReportLinker and Market StatisticsSECTION VI -- MARKETS1 Power & Hand Tool Demand by Market, 1999-2019 178SECTION VII -- INDUSTRY STRUCTURE1 Power & Hand Tool Market Share by Company, 2009 2012 Power Tool Market Share by Company, 2009 2053 Hand Tool Market Share by Company, 2009 208US Power & Hand Tools Market Page 9/11
  10. 10. Find Industry reports, Company profilesReportLinker and Market Statistics Fax Order Form To place an order via fax simply print this form, fill in the information below and fax the completed form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93 If you have any questions please visit http://www.reportlinker.com/notify/contact Order Information Please verify that the product information is correct and select the format(s) you require. US Power & Hand Tools Market Product Formats Please select the product formats and the quantity you require. 1 User License--USD 4 900.00 Quantity: _____ Corporate License--USD 7 200.00 Quantity: _____ Contact Information Please enter all the information below in BLOCK CAPITALS Title: Mr Mrs Dr Miss Ms Prof First Name: _____________________________ Last Name: __________________________________ Email Address: __________________________________________________________________________ Job Title: __________________________________________________________________________ Organization: __________________________________________________________________________ Address: __________________________________________________________________________ City: __________________________________________________________________________ Postal / Zip Code: __________________________________________________________________________ Country: __________________________________________________________________________ Phone Number: __________________________________________________________________________ Fax Number: __________________________________________________________________________US Power & Hand Tools Market Page 10/11
  11. 11. Find Industry reports, Company profilesReportLinker and Market Statistics Payment Information Please indicate the payment method, you would like to use by selecting the appropriate box. Payment by credit card Card Number: ______________________________________________ Expiry Date __________ / _________ CVV Number _____________________ Card Type (ex: Visa, Amex…) _________________________________ Payment by wire transfer Crédit Mutuel RIB : 10278 07314 00020257701 89 BIC : CMCIFR2A IBAN : FR76 1027 8073 1400 0202 5770 189 Payment by check UBIQUICK SAS 16 rue Grenette – 69002 LYON, FRANCE Customer signature:   Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at http://www.reportlinker.com/index/terms Please fax this form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93US Power & Hand Tools Market Page 11/11

×