PUBLISHER: Freedonia Group | PRODUCT CODE: 1308002
PUBLISHER: Freedonia Group | PRODUCT CODE: 1308002
US Hand Tools
US demand for hand tools is projected to increase less than one percent per year to $6.8 billion in 2022. While gains will be limited following the strong growth seen in 2021 and strong price gains in 2022, the market will be supported by continued gains in construction, manufacturers' shipments, and new household formation.
This report covers hand tool product demand by product, market, and distribution channel. Data are given in dollar value.
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 power 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
Scope of the Report
This report covers the scope, size, and growth of the US hand tool market including key trends in product and market segmentation. Historical data are provided for 2012, 2017, and 2022 with forecasts for 2027 and 2032, with year by year historical market volatility also addressed. Annual data from 2019-2026 is also presented. Data are provided in dollar value. Consumer survey data is presented. Also included is an analysis of the industry key players and their market shares.
Table of Contents
1. Executive Summary
2. Short Term Analysis
Economic Forecast
Short Term Construction Industry Outlook
Impact on the Hand Tool Industry
3. Overview
Study Scope
Historical Trends
Supply & Demand
Trade Balance
Tariffs
Imports
Exports
US Production Outlook
Products Overview
Markets Overview
Pricing Patterns
4. Hand Service Tools
Scope
Supply & Demand
Demand Overview
Imports
Exports
Shipments
Suppliers & Brands
Demand by Type
Specialized Automotive Tools
Scope
Supply & Demand
Trade
Suppliers
Wrenches
Product Description
Demand by Type & Market
Supply & Demand
©2023 The Freedonia Group. All rights reserved.
Table of Contents (continued)
Suppliers
Pliers
Product Description
Demand by Type & Market
Supply & Demand
Suppliers
Screwdrivers
Product Description
Supply & Demand
Trade
Suppliers
Hammers
Product Description
Demand by Type & Market
Supply & Demand
Suppliers
Other Hand Service Tools (Sledges, Picks, Mauls, Clamps, Nail Pullers, Caulking Guns)
Scope
Demand by Type & Market
Supply & Demand
Suppliers
5. Edge Tools
Scope
Supply & Demand
Demand by Type
Paint & Masonry Tools
Product Description
Supply & Demand
Suppliers
Chisels
Product Description
Supply & Demand
Suppliers
Axes, Adzes, & Hatchets
Product Description
Supply & Demand
Suppliers
6. Hand Saws
Scope & Product Description
©2023 The Freedonia Group. All rights reserved.
Table of Contents (continued)
Supply & Demand
Suppliers
7. Other Hand Tools, Parts, & Attachments
Other Hand Tools
Scope
Supply & Demand
Demand by Type
Precision Measuring Tools
Multitools
All Other Hand Tools
Parts & Attachments
8. Professional Markets
Market Scope
Demand by Market Sector
Construction
Automotive Aftermarket
Industrial & Other Professional Services
Demand by Type
9. Consumer Markets
Market Scope
Demand by Tool Type
Hand Tool Ownership Rates
Factors Impacting Consumer Purchasing
Women Are Using Hand Tools More Than Ever
DIY Ethic Spurred by Online Resources
DIY/DIFM Trends
Consumer Purchasing Trends
Primary Reasons for Hand Tool Purchases
Who Buys Hand Tools?
Where Do Consumers Shop?
What Influences Consumer Purchase Decisions?
What Sources of Advice Do Consumers Value Most?
Which Features or Characteristics Do Consumers Value Most?
10. Distribution Channels
Sales by Distribution Channel
Home Centers
Direct Sales & Distributors
©2023 The Freedonia Group. All rights reserved.
Table of Contents (continued)
Hardware Stores
E-Commerce
Mass Marketers
11. Industry Structure
Key Findings & Industry Composition
Market Share
Competitive Strategies
Location of Manufacturing Plants
Marketing Strategies
Private Labels
Mergers & Acquisitions
List of Industry Participants
12. Appendix
Report Details
Definitions
Abbreviations
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Macroeconomic Assumptions
Economic Environment
Demographic Trends
Construction Expenditures
Residential Building Improvements & Repairs
Commercial Building Improvements & Repairs
Housing Completions
Motor Vehicle Industry Overview
Manufacturers' Shipments
Consumer Spending
