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          1. Power-Driven Handtool Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/8/2020
            SIC Codes: 3546
            NAICS Codes: 333991
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Power-Driven Handtool Manufacturing Industry Profile

            Companies in this industry manufacture power-driven hand tools (battery, corded, and pneumatic). Top companies include Snap-On, Stanley Black & Decker, and Emerson Electric (all based in the US), as well as Hitachi-Koki and Makita (both in Japan), Positec (China), Hilti (Liechtenstein), Techtronic Industries (Hong Kong), and Robert Bosch (Germany).

            The global market for power tools is forecast to increase 4.6% per year through 2023, reaching a value of more than $35 billion, according to MarketsandMarkets. Global demand for power tools is expected to be driven by developing markets, especially China and India, as construction spending increases. Improving levels of construction spending in the US should also help spur demand for power tools.

            The US power-driven hand tool manufacturing industry includes about 145 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $4 billion.

            COMPETITIVE LANDSCAPE

            Demand is driven by consumer spending and construction activity. The profitability of individual companies depends on effective marketing, efficient production, and product innovation. Large companies have economies of scale in purchasing and production. Small firms can compete by making specialty products. The US power tool manufacturing industry is highly concentrated: the top 50 companies account for more than 95% of industry revenue.

            Imports of power tools, mainly from China, Mexico, Taiwan, and Germany, account for about 70% of the US market. Power tool exports represent about 40% of US production. Canada and Mexico account ...

             
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