US demand for hand tools is forecast to increase rise 0.6% annually to $5.7 billion in 2024, supported by healthy outlooks in construction and automotive aftermarket activity as COVID-19 pandemic measures are lifted. Sales will be restrained by:
slow price growth
reliance on low-cost imports
competition from power tools and used and rental tools
The high durability and limited innovation of most hand tools also limits replacement and upgrade sales, especially in the more price-sensitive consumer market. Still, opportunities exist in the development of tools with features that encourage upgrades, including more ergonomic eatures, or with marketing tactics aimed at impulse purchases, gift-giving occasions, or customers who are buying other supplies for a specialized project.
Scope of the Report
This study analyzes US supply and demand for hand tools and parts and associated attachments by product, market, and distribution channel. Tools purchased as a part of a tool set are included in each individual product category. Hand tool product categories encompass:
hand service tools (specialized automotive tools such as airbag deployment tools, distributor clamp wrenches, lug wrenches, manual and hydraulic automobile jacks, muffler chisels, and seal replacers; wrenches; pliers; screwdrivers; hammers; and other hand service tools such as sledges, picks, mauls, nail pullers, clamps, caulking guns, and miscellaneous carpentry tools)
edge tools (paint and masonry tools such as glasscutters, patching knives, putty knives, scrapers, spackling knives, taping knives, utility knives, and wallpaper strippers; chisels and gouges; and axes, adzes, and hatchets)
hand saws
other hand tools such as augers, files, levels, measuring tapes, multitools, planers, professional staplers, rasps, and tampers
parts and attachments such as replacement handles for hand tools, repair pieces for hand tools, replacement nosepieces and jaws for hand tools, saw blades, and screwdriver bit sets
The markets for hand tools are:
Professional (construction, automotive aftermarket, and industrial and other professional)
Consumer
The distribution channels covered in the study are:
Home centers
Direct sales and distributors
Hardware stores
E-commerce
Mass marketers
Historical data are provided for 2009, 2014, and 2019 with forecasts for 2024. Data are provided in dollar value. Also included are survey data on consumer preferences and behavior and analysis of the industry’s key players and their market shares.
- Executive Summary
- Table Figure 1-1 | Key Trends in the US Hand Tools Market
- Overview
- Study Scope
- Supply & Demand
- Demand by Type
- Table Hand Tool Supply & Demand by Product, 2009 - 2029
- Demand by Market
- Table Hand Tool Demand by Market, 2009 - 2029
- Trade Balance
- Table Hand Tool Supply & Demand, 2009 - 2029
- Table Figure 2-1 | Hand Tool Demand, 2009 - 2019
- Impact of Tariffs
- Imports
- Table Figure 2-2 | US Hand Tool Imports by Source, 2009 - 2019
- Exports
- Table Figure 2-3 | US Hand Tool Exports by Destination, 2009 - 2019
- Shipments
- Demand by Type
- Pricing Trends
- Table Price Deflator for Hand Tools, 2009 – 2029
- Near-Term Impact of COVID-19
- Hand Service Tools
- Scope
- Supply & Demand
- Demand Overview
- Table Hand Service Tool Supply & Demand, 2009 - 2029
- Table Figure 3-1 | Hand Service Tool Demand, 2009 - 2019
- Imports
- Table Figure 3-2 | US Hand Service Tool Imports by Source, 2019
- Exports
- Table Figure 3-3 | US Hand Service Tool Exports by Destination, 2019
- Shipments
- Table Hand Service Tool Shipments, 2009 - 2029
- Suppliers & Brands
- Table Hand Service Tools: Selected Suppliers
- Demand Overview
- Demand by Type
- Table Hand Service Tool Demand by Type, 2009 - 2029
- Specialized Automotive Tools
- Scope
- Supply & Demand
- Table Specialized Automotive Tool Supply & Demand by Market, 2009 - 2029
- Trade
- Table Figure 3-4 | Specialized Automotive Tool Demand Trade, 2009 - 2019
- Suppliers
- Table Specialized Automotive Service Tools: Selected Suppliers
- Wrenches
- Product Description
- Table Figure 3-5 | Wrenches
- Supply & Demand
- Table Wrench Supply & Demand by Type & Market, 2009 - 2029
- Table Figure 3-6 | Wrench Demand, 2009 - 2019
- Trade
- Table Figure 3-7 | Wrench Trade, 2009 - 2019
- Suppliers
- Table Wrenches: Selected Suppliers
- Product Description
- Pliers
- Product Description
- Table Figure 3-8 | Pliers
- Supply & Demand
- Table Plier Supply & Demand by Type & Market, 2009 - 2029
- Trade
- Table Figure 3-9 | Plier Trade, 2009 - 2019
- Suppliers
- Table Pliers: Selected Suppliers
- Product Description
- Screwdrivers
- Product Description
- Table Figure 3-10 | Screwdrivers
- Supply & Demand
- Table Screwdriver Supply & Demand by Market, 2009 - 2029
- Trade
- Suppliers
- Table Screwdrivers: Selected Suppliers
- Product Description
- Hammers
- Product Description
- Table Figure 3-11 | Hammers
- Supply & Demand
- Table Hammer Supply & Demand by Type & Market, 2009 - 2029
- Trade
- Suppliers
- Table Hammers: Selected Suppliers
- Product Description
- Other Hand Service Tools (Sledges, Picks, Mauls, Clamps, Nail Pullers, Caulking Guns)
- Scope
- Table Figure 3-12 | Other Hand Service Tools: Product Examples
- Supply & Demand
- Table Other Hand Service Tool Supply & Demand by Type & Market, 2009 - 2029
- Suppliers
- Table Other Hand Service Tools: Selected Suppliers
- Scope
- Edge Tools
- Scope
- Supply & Demand
- Table Edge Tool Supply & Demand, 2009 - 2029
- Demand by Type
- Table Edge Tool Demand by Type, 2009 - 2029
- Paint & Masonry Tools
- Scope & Product Description
- Table Figure 4-1 | Paint & Masonry Tools
- Supply & Demand
- Table Paint & Masonry Tool Supply & Demand by Market, 2009 - 2029
- Suppliers
- Table Paint & Masonry Tools: Selected Suppliers
- Scope & Product Description
- Chisels
- Product Description
- Table Figure 4-2 | Chisels
- Supply & Demand
- Table Chisel Supply & Demand by Market, 2009 - 2029
- Suppliers
- Table Chisels: Selected Suppliers
- Product Description
- Axes, Adzes, & Hatchets
- Product Description
- Table Figure 4-3 | Axes, Adzes, & Hatchets
- Supply & Demand
- Table Ax, Adze, & Hatchet Supply & Demand by Market, 2009 - 2029
- Suppliers
- Table Axes, Adzes, & Hatchets: Selected Suppliers
- Product Description
- Hand Saws
- Scope
- Table Figure 5-1 | Hand Saws
- Supply & Demand
- Table Hand Saw Supply & Demand by Market, 2009 - 2029
- Suppliers
- Scope
- Other Hand Tools, Parts, & Attachments
- Other Hand Tools
- Scope
- Table Figure 6-1 | Other Hand Tools: Product Examples
- Supply & Demand
- Table Other Hand Tool Supply & Demand by Market, 2009 - 2029
- Demand by Type
- Table Other Hand Tools Demand by Type, 2009 - 2029
- Precision Measuring Tools
- Multitools
- All Other Hand Tools
- Scope
- Parts & Attachments
- Table Hand Tool Parts & Attachments Supply & Demand by Type & Market, 2009 - 2029
- Other Hand Tools
- Professional Markets
- Market Scope
- Table Figure 7-1 | Professional Hand Tools Market
- Demand by Market Sector
- Table Professional Hand Tool Demand by Market Sector, 2009 - 2029
- Construction
- Table Figure 7-2 | Key Tools Used in Construction
- Automotive Aftermarket
- Table Figure 7-3 | Key Tools Used in the Automotive Aftermarket
- Industrial & Other Professional Services
- Table Figure 7-4 | Key Tools Used in Industrial & Other Professional Services
- Demand by Type
- Table Professional Hand Tool Demand by Type, 2009 - 2029
- Market Scope
- Consumer Markets
- Market Scope
- Table Figure 8-1 | Consumer Hand Tools Markets
- Demand by Tool Type
- Table Consumer Hand Tool Demand by Type, 2009 - 2029
- Hand Tool Ownership Rates
- Table Consumer Insight: "Does your household own workshop tools (including powered, unpowered, stationary tools)?" & "Does your household own hand tools (unpowered)?", 2009 – 2019
- Factors Impacting Consumer Purchasing
- Women Are Using Hand Tools More Than Ever
- Table Consumer Purchasing Behavior: "Did you buy handheld manual tools and related accessories in the last 12 months?" by Gender, 2020
- DIY Ethic Spurred by Online Resources
- DIY/DIFM Trends
- Women Are Using Hand Tools More Than Ever
- Consumer Purchasing Trends
- Primary Reasons for Hand Tool Purchases
- Table Consumer Purchasing Behavior: "What was the primary reason for your recent purchase of handheld manual tools and related accessories?" by Gender & Age Group, 2020
- Who Buys Hand Tools?
- Table Consumer Purchasing Behavior: "Did you buy handheld manual power tools or related accessories in the last 12 months?" by Home Environment, Age Group, Marital Status, & Presence of Children, 2020
- Where Do Consumer Shop?
- What Influences Consumer Purchase Decisions?
- What Sources of Advice Do Consumers Value Most?
- Table Advice: "What is most important to you when deciding which tool or piece of equipment to buy?" by Gender & Age Group, 2020
- Which Features or Characteristics Do Consumers Value Most?
- Table Features & Characteristics: "What is most important to you when deciding which tool or piece of equipment to buy?" by Gender & Age Group, 2020
- Primary Reasons for Hand Tool Purchases
- Market Scope
- Distribution Channels
- Sales by Distribution Channel
- Table Hand Tool Demand by Distribution Channel, 2009 - 2029
- Table Figure 9-1 | Hand Tool Demand Share by Distribution Channel, 2009 - 2029
- Direct Sales & Distributors
- Home Centers
- Hardware Stores
- Mass Marketers
- E-Commerce
- Sales by Distribution Channel
- Industry Structure
- Key Findings & Industry Composition
- Table US Hand Tool Sales by Company, 2019
- Market Share
- Table Figure 10-1 | US Hand Tool Market Share, 2019
- Table Figure 10-2 | US Hand Tool Market: Leading Supplier, 2019
- Table Figure 10-3 | US Hand Tool Market: Second Leading Supplier, 2019
- Table Figure 10-4 | US Hand Tool Market: Third Leading Supplier, 2019
- Table Figure 10-5 | US Hand Tool Market: Fourth Leading Supplier, 2019
- Table Figure 10-6 | US Hand Tool Market: Fifth Leading Supplier, 2019
- Competitive Strategies
- Location of Manufacturing Plants
- Marketing Strategies
- Private Labels
- Table Private Label Hand Tool Brand & Product Types
- Mergers & Acquisitions
- Table Mergers & Acquisitions
- List of Industry Participants
- Table Selected Industry Participants
- Key Findings & Industry Composition
- Appendix
- Scope
- Table Relevant Industry Codes
- Table Relevant HS Codes
- Definitions
- Abbreviations
- Table Abbreviations & Acronyms Used in Study
- Freedonia Methodology
- Study-Specific Methodology
- Sources
- Associations & Agencies
- Related Studies & Reports
- Macroeconomic Assumptions
- Economic Environment
- Table Macroeconomic Indicators, 2009 – 2029
- Table Figure 11-1 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average
- Demographic Trends
- Table Population & Households, 2009 – 2029
- Table Figure 11-2 | Annual Population Growth, 2004 – 2019
- Construction Expenditures
- Table Construction Expenditures, 2009 – 2029
- Residential Building Improvements & Repairs
- Table Residential Building Improvement & Repair Expenditures, 2009 – 2029
- Commercial Building Improvements & Repairs
- Table Commercial Building Improvement & Repair Expenditures, 2009 – 2029
- Housing Completions
- Table New Housing Units, 2009 – 2029
- Motor Vehicle Industry Overview
- Table Motor Vehicle Indicators, 2009 - 2029
- Manufacturers' Shipments
- Table Manufacturers' Shipments, 2009 – 2029
- Consumer Spending
- Table Personal Consumption Expenditures, 2009 - 2029
- Economic Environment
- Scope
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