The 2005/2006 Market Outlook For Hand Tools

Abstract

Hand Tool Products Included In The Report:

• Mechanics' Hand Tools
• Measuring Tools
• Garden Tools
• Dies and Cutting Tools
• Clamps and Vises
• Handsaws and Blades

• This report includes a comprehensive analysis of the financial health and performance of the hand tool industry. Our in-depth look at the state of the hand tool industry examines cost structure and profitability, employment trends, capital spending, and other critical operating characteristics.
• Ending a five-year stretch of flat or declining sales, hand tools finally turned the corner in 2005. U.S. manufacturers' sales rose by 4.2%, and current-year sales are advancing at a similar pace. See our comprehensive analysis of overall market dynamics, including short- and long-term forecasts.
• U.S. manufacturers' sales of hand and edge tools are on track to top $5.7 billion in 2006. Precision measuring tools should turn in the strongest gains, and double-digit growth is also anticipated for several types of wrenches, as well as for axes, adzes, and related edge tools. Don't miss our product-by-product coverage of the hand tool marketplace.
• The handsaw and saw blade segment has been the erratic performer in the hand tool industry. Following a strong showing the last two years, sales growth should slow to only 2% in 2006. The market should total $1.3 billion that year, well below its peak registered in 1996. Will this market regain its former glory?
• The U.S. trade deficit for hand tools continues to widen. Imports will capture 38% of the U.S. hand tool market in 2006, up from only 20% a decade ago. On the other hand, U.S. manufacturers are finding success in international markets. This report tracks imports and exports of hand tools, by type and country.
• The Stanley Works, Channellock, Leatherman Tool Group, Snap-on, and Cooper Industries are just a few of the major manufacturers profiled in this report. We also look at Ace Hardware, Sears, Home Depot, and other leading hand tool retailers. Get the latest news on the movers and shakers in the industry.