Abstract
The U.S. market for hand tools is growing rapidly, fueled by favorable trends
in household remodeling and renovation, do-it-yourself construction projects,
and an increasing consumer desire for products that are ergonomically designed
and convenient to use. Major hand tools marketers continue to heed consumer
demand by releasing new products that appeal to users of hand tools for a wide
array of construction applications, including gripping and driving, and
cutting and edging. Meanwhile, big box retailers report strong sales of
popular brand hand tools and they continue to align themselves with leading
hand tools manufacturers. This 2nd edition report analyzes the trends in the
U.S. hand tools market, including consumer purchases distribution channels,
end-user and the competitive environment. The report estimates current
revenues of the market and its future growth potential. We profile past,
present, and projected sales of hand tools on a product-by-product basis. The
report also profiles major marketers, along with manufacturer and retailer
strategies used to maximize growth and profitability.
SBI' s research methodology involved aggregating, synthesizing and analyzing
data from several sources, including the U.S. government and several
third-party syndicated market research data suppliers. Historical data related
to the manufacturing and distribution of hand tools in the United States are
culled from the U.S. Department of Commerce, the U.S. Census Bureau and the
U.S. Bureau of Labor Statistics. Analysis of these data, including
market-level shipments, imports and exports, provide the foundation for our
projections of overall market size and growth during the next five years. Our
projections also take into account data that indirectly affect the growth of
the hand tools market, such as information provided by the National
Association of Home Builders and the Home Improvement Research Institute.
Simmons Market Research Bureau is our primary source of data covering consumer
trends in hand tool ownership and applications. Related Reports:
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