US Power and Hand Tools Market

US Power and Hand Tools Market

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 industry study, Power and 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.

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

General

Macroeconomic Environment

Cyclical Trends

Personal Income and Expenditure Patterns

Demographic Trends

Population Distribution

Household Formation and Housing Stock Patterns

Professional Employment

Construction Activity

Residential Construction

New Housing

Improvement and Repair

Nonresidential

Nonbuilding

Motor Vehicle Outlook

Industrial Sector Trends

Manufacturers’ Shipments

Pricing Trends

Technology

US Foreign Trade

Imports

Exports

World Outlook

III. POWER and HAND TOOL SUPPLY and DEMAND

General

Demand

Shipments

IV. POWER TOOLS

General

Electric

Demand by Electric Power Source

Drills

Imports

Exports

Saws

Circular Saws

Other Saws

Foreign Trade

Sanders, Polishers and Grinders

Imports

Exports

Screwdrivers

Planers and Routers

Imports

Exports

Hammers

Other Electric Tools

Parts and Attachments

Pneumatic

Foreign Trade

Drills and Screwdrivers

Sanders, Polishers and Drivers

Impact Wrenches

Percussion Tools

Other Pneumatic Tools

Parts and Attachments

Engine-Driven

Other Power Tools

V. HAND TOOLS

General

Hand Service Tools

Wrenches

Shipments by Type

Foreign Trade

Pliers

Imports

Exports

Specialized Automotive Tools

Screwdrivers

Imports

Exports

Hammers

Other

Edge Tools

Paint and Masonry Tools

Chisels

Axes, Adzes and Hatchets

Hand Saws

Other Hand Tools

VI. MARKETS

General

Professional Demand

By Type

By Sector

Construction

Automotive Aftermarket

Industrial and Other Professional Services

Consumer Demand

VII. INDUSTRY STRUCTURE

General

Industry Composition

Power Tools

Hand Tools

Market Share

Power Tools

Hand Tools

Product Development

Manufacturing

Marketing

Private Labels

Distribution

Direct Sales and Distributors

Home Centers

Other

Mergers, Acquisitions and 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 and 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 and Decker

DEPRAG-Schulz GmbH and Company

DESA LLC

DeVilbiss Air Power Company, see Black and Decker

DeWALT Industrial Tool Company, see Black and Decker

Diamant Boart, see Husqvarna

DUO-FAST, see Illinois Tool Works

Emerson Electric Company

Emhart Teknologies, see Black and 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 and 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 and Jackson Incorporated, see United Pacific

SPX Corporation

Stanley Works

STIHL Holding AG and Company KG

Stiletto Tools Incorporated, see Techtronic

Team Products International Incorporated

Techtronic Industries Company Limited

Templeton, Kenly and 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

Summary Table

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators

2 Personal Consumption Expenditures

3 Resident Population

4 Household Formation and Housing Stock

5 Professional Employment

6 Construction Expenditures

7 Residential Building Construction Expenditures

8 Private Housing Starts

9 Residential Improvement and Repair Expenditures

10 Nonresidential Building Construction Expenditures

11 Nonbuilding Construction Expenditures

12 Motor Vehicle Park

13 Nonresidential Fixed Investment Expenditures

14 Manufacturers' Shipments

15 Price Deflators for Power and Hand Tools

16 Power and Hand Tool Foreign Trade

17 World Power and Hand Tool Demand

SECTION III -- POWER and HAND TOOL

SUPPLY and DEMAND

1 Power and Hand Tool Supply and Demand

2 Power and Hand Tool Shipments by Type

SECTION IV -- POWER TOOLS

1 Power Tool Supply and Demand

2 Electric Tool Supply and Demand

3 Electric Tool Demand by Power Source

4 Electric Drill Supply and Demand

5 Electric Saw Supply and Demand

6 Electric Sander, Polisher and Grinder Supply and Demand

7 Electric Screwdriver Supply and Demand

8 Electric Planer and Router Supply and Demand

9 Electric Hammer Supply and Demand

10 Other Electric Tool Supply and Demand

11 Electric Parts and Attachments Supply and Demand

12 Pneumatic Tool Supply and Demand

13 Pneumatic Drill and Screwdriver Supply and Demand

14 Pneumatic Sander, Polisher and Grinder Supply and Demand

15 Pneumatic Impact Wrench Supply and Demand

16 Pneumatic Percussion Tool Supply and Demand

17 Other Pneumatic Tool Supply and Demand

18 Pneumatic Parts and Attachments Supply and Demand

19 Engine-Driven Tool Supply and Demand

20 Other Power Tool Supply and Demand

SECTION V -- HAND TOOLS

1 Hand Tool Supply and Demand

2 Hand Service Tool Supply and Demand

3 Wrench Supply and Demand

4 Pliers Supply and Demand

5 Specialized Automotive Tool Supply and Demand

6 Screwdriver Supply and Demand

7 Hammer Supply and Demand

8 Other Hand Service Tool Supply and Demand

9 Edge Tool Supply and Demand

10 Paint and Masonry Tool Supply and Demand

11 Chisel Supply and Demand

12 Ax, Adze and Hatchet Supply and Demand

13 Hand Saw Supply and Demand

14 Other Hand Tool Supply and Demand

SECTION VI -- MARKETS

1 Power and Hand Tool Demand by Market

2 Professional Tool Demand by Type

3 Professional Tool Demand by Sector

4 Construction Market for Power and Hand Tools

5 Automotive Aftermarket Demand for Power and Hand Tools

6 Industrial and Other Professional Demand for Power and Hand Tools

7 Consumer Tool Demand by Type

SECTION VII -- INDUSTRY STRUCTURE

1 US Power and Hand Tool Sales by Company, 2007

2 Power and Hand Tool Demand by Distribution Channel

3 Selected Acquisitions and Divestitures

4 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Year of Construction of Housing Stock, 2007

2 Power and Hand Tool Imports, 2007

3 Power and Hand Tool Exports, 2007

SECTION III -- POWER and HAND TOOL SUPPLY and DEMAND

1 Tool Demand by Type, 1997-2017

2 Power and Hand Tool Shipments by Type, 1997-2017

SECTION IV -- POWER TOOLS

1 Electric Drill Imports by Source, 2007

2 Electric Drill Exports by Destination, 2007

3 Electric Saw Foreign Trade: Imports by Source vs. Exports by Destination, 2007

4 Electric Sander, Polisher and Grinder Imports by Source, 2007

5 Electric Sander, Polisher and Grinder Exports by Destination, 2007

6 Electric Planer and Router Imports by Source, 2007

7 Electric Planer and Router Exports by Destination, 2007

8 Engine-Driven Tool Foreign Trade: Imports by Source vs.

Exports by Destination, 2007

SECTION V -- HAND TOOLS

1 Wrench Foreign Trade: Imports by Source vs. Exports by Destination, 2007

2 Pliers Imports by Source, 2007

3 Pliers Exports by Destination, 2007

4 Screwdriver Imports by Source, 2007

5 Screwdriver Exports by Destination, 2007

SECTION VI -- MARKETS

1 Power and Hand Tool Demand by Market, 1997-2017

SECTION VII -- INDUSTRY STRUCTURE

1 Power and Hand Tool Market Share, 2007

2 Power Tool Market Share by Company, 2007

3 Hand Tool Market Share, 2007