US Power & Hand Tools Industry Worth $12.7 Billion by 2018 Says a New Research Report at RnRMarketResearch.com - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

US Power & Hand Tools Industry Worth $12.7 Billion by 2018 Says a New Research Report at RnRMarketResearch.com

Posted:

This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.

SOURCE:

RnRMarketResearch.com adds Latest Report on Power & Hand Tools to 2018 to its store that says shipment gains of power and hand tools will trail those for demand through 2018.

Dallas, TX (PRWEB) June 26, 2014

US demand to rise nearly 3% annually through 2018
US demand for power and hand tools is forecast to increase nearly three percent annually through 2018 to $12.7 billion. Among professional users, growth will stem primarily from the recovering construction industry, which is being helped by a boom in housing starts. Additionally, the improved outlook for durable goods manufacturing and the expansion of the vehicle park will boost sales. Advances in the consumer market will be supported by the continued interest in do-it-yourself (DIY) activities. Increasing consumer spending and disposable incomes, as well as ongoing gains in the number of households, will also boost demand. However, the power and hand tool industry faces intense pricing competition from imported products, which will restrain value gains somewhat.

Company Profiles
Profiles 40 participants in the US industry including Apex Tool, Atlas Copco, Bosch, Illinois Tool Works, Makita, Snap-on Tools, Senco Brands, & Stanley Black & Decker

Place a direct purchase order of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=191869.

Demand for power tools to outpace hand tools
Through the forecast period, demand gains for power tools will outpace those for hand tools, a reversal from the 2008-2013 period. Specifically, electric tools will offer the best opportunity for growth, due to the fact that plug-in and cordless electric tools are widely used both by professionals and consumers. In addition, electric power tools withstand the most intense product innovation, which helps to entice users to up-grade older models with better performing versions. In contrast, product developments for hand tools are generally limited to ergonomic improvement, as the product category is better established and more mature.

Dominant professional market to grow the fastest
The professional market comprised the majority of power and hand tool demand in 2013, and will post faster gains through 2018. These trends reflect in part the greater concentration of expensive power tools in the professional market. Professionals are often willing to pay more for higher quality tools, since the initial investment will pay off over the long run through better performance and longer tool life. In addition, professionals tend to use tools on a daily basis and, as a result, must replace tools more frequently. In contrast, consumers, who are less frequent users of tools, are more likely to purchase tools based on price, and rarely require more expensive versions that use hydraulic or pneumatic power.

Complete report is available at http://www.rnrmarketresearch.com/power-hand-tools-to-2018-market-report.html.

US shipments to trail demand due to import competition
Shipment gains of power and hand tools will trail those for demand through 2018, a reflection of intense import competition in the industry, although the significance of imported products varies by product segment. The largest sources of imported power and hand tools to the US in 2013 were China, Mexico, and Taiwan. Each of these countries offers favorable production costs compared to the US. However, there has been some effort from US-based producers to relocate some production back into the US; professional users are often willing to pay a higher premium for domestically produced tools that they perceive to be of higher quality compared to imports.
Few Points from Table of Contents

LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 10
2 Personal Consumption Expenditures 13
3 Resident Population 17
4 Housing Stock by Type 20
5 Professional Employment 22
6 Construction Expenditures 24
7 Residential Building Construction Expenditures 26
8 Private Housing Starts 29
9 Residential Improvement & Repair Expenditures 31
10 Nonresidential Building Construction Expenditures 33
11 Nonbuilding Construction Expenditures 35
12 Motor Vehicle Indicators 39
13 Nonresidential Fixed Investment 42
14 Manufacturers Shipments 46

SECTION III -- POWER & HAND TOOL OVERVIEW
1 Power & Hand Tool Supply & Demand 50
2 Power & Hand Tool Shipments by Type 52
3 Power & Hand Tool Foreign Trade 54
4 World Power & Hand Tool Demand 60
5 Price Deflators for Power & Hand Tools 62

SECTION IV -- POWER TOOLS
1 Power Tool Supply & Demand 67
2 Electric Tool Supply & Demand 74
3 Electric Tool Demand by Power Source 80
4 Electric Drill Supply & Demand 83
5 Electric Saw Supply & Demand 88
6 Electric Sander, Polisher, & Grinder Supply & Demand 94
7 Electric Screwdriver Supply & demand 97
8 Electric Planer & Router Supply & Demand 101
9 Electric Hammer Supply & Demand 103
10 Other Electric Tool Supply & Demand 105

Browse more reports on Manufacturing Tools & Equipment Market at http://www.rnrmarketresearch.com/reports/manufacturing-construction/manufacturing/manufacturing-tools-equipment.

Contact sales(at)rnrmarketresearch(dot)com for further information.

About Us:
RnRMarketResearch.com (http://www.rnrmarketresearch.com/) is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.

For the original version on PRWeb visit: http://www.prweb.com/releases/power-hand-tools-market/2018-industry-report/prweb11977132.htm

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.