The forecast for import of sets of hand tools to the US shows a steady growth from 2024 to 2028, with volumes increasing consistently each year from 18.239 million kilograms in 2024 to 20.56 million kilograms in 2028. In 2023, the actual volume stood at 17.665 million kilograms, indicating a moderate upward trend.
The year-on-year percentage increase from 2024 through 2028 reveals sustained growth. Specifically, forecasts predict a compound annual growth rate (CAGR) of around 3.06% over this period.
Future trends to watch include:
- Technological advancements in tool manufacturing which may impact import needs.
- Potential shifts in the US economic environment, including construction and repair sectors, driving demand.
- Changes in trade policies or tariffs that could affect import volumes.
- Global supply chain dynamics influencing availability and pricing.
