Hand Tool Manufacturing in the US - Industry Market Research Report

Hand Tool Manufacturing in the US - Industry Market Research Report


Hand Tool Manufacturing in the US

The Hand Tool Manufacturing industry has performed sluggishly due to disruptions to both residential and non-residential construction. Despite sharp price growth in 2021 amid surging steel prices, industry revenue has been held back by strong import competition and the pandemic in 2020, which limited export revenue growth. Overall, hand tool manufacturing revenue growth has been significantly hindered, with industry revenue declinig an annualized 1.6% to reach an estimate $7.4 billion in 2023, which includes an anticipated pitfall of 7.1% in 2023 alone as profit slides to 3.3%.

This industry primarily manufactures hand tools, including mechanics’ hand service tools, precision measuring tools, agricultural tools and woodcutting tools. This industry does not include power hand tools of any kind (electric or hydraulic).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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