2001 Edition
Statistical Reference Source
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| The Hand & Power
Tools Market 2001 Edition | |
| The Complete Marketing & Statistical Reference Source |
The U.S. Market for Hand & Power Tools rose 4.9% in 1999 to $12.0 billion as consumer demand soared by 12.4% on a price-adjusted basis. Continued but moderated growth is expected for 2000 as the power tool sector outperforms..... See our estimates for 2000 and projections through 2005 as well as our tables covering 28 years of sales data on three major market sectors and 85 product categories.
Price weakness continues to persist for the fifth year with manufacturers limited to price mark-ups of less than 1% for hand tools and flat prices for power tools in 2000.
Exports rebound in 2000 following two years of softness in overseas markets as Canada, Mexico, the United Kingdom, and Germany step up their purchases of U.S. made products..... See our extensive coverage of over 50 overseas markets to pinpoint future growth potential.
The demand for imported hand & power tools in the U.S. continues unabated, with importers widening their share of the U.S. market from 22% in 1994 to an estimated 30% in 2000. Imports are expected to reach $5.1 billion by 2005. China has emerged as a dominant force, with a 29% increase in imported product in 2000, it controls 7% of the U.S. market.
Massive layoffs continue in the power tool sector with 2,800 positions eliminated since 1995 while factory workers put in the shortest workweek since 1982.
Hand & power tool companies reported an 8.9% sales gain in 1999 and 6.3% in the first half of 2000 with weaker results expected for the second half.
DIRECTORY OF OVER 2000 U.S. HAND & POWER
TOOL COMPANIES WITH COMPLETE ADDRESSES AND PHONE NUMBERS
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