Tool Manufacturing in the UK - Industry Market Research Report

Tool Manufacturing in the UK - Industry Market Research Report

Tool Manufacturing in the UK

Revenue is forecast to contract at a compound annual rate of 6.4% over the five years through 2023-24 to £1 billion. Declining revenue can be attributed to weak industrial activity, particularly from manufacturing, oil and gas exploration and extraction markets, and mining and quarrying industries. Additionally, the lion's share of household tools are manufactured in low-cost regions and countries, like China. These imported tools pose fierce competition to domestic producers and have become increasingly popular, weighing on revenue.

Companies in this industry manufacture tools, including clamps, vices, saws, hand tools and moulding boxes. The industry does not include the manufacture of power-driven hand tools.

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.