Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Hand Tool Manufacturing in the US - Industry Research Report" has been added to ResearchAndMarkets.com's offering.
The Hand Tool Manufacturing industry has performed sluggishly due to disruptions to both residential and non-residential construction. Despite sharp price growth in 2021 amid surging steel prices, industry revenue has been held back by strong import competition and the pandemic in 2020, which limited export revenue growth.
Overall, hand tool manufacturing revenue growth has been significantly hindered, with industry revenue declining an annualized 1.6% to reach $7.4 billion in 2023, which includes a pitfall of 7.1% in 2023 alone as profit slides to 3.3%.
This industry primarily manufactures hand tools, including mechanics' hand service tools, precision measuring tools, agricultural tools and woodcutting tools. This industry does not include power hand tools of any kind (electric or hydraulic).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Company coverage includes:
- Stanley Black & Decker, Inc.
- Snap-On Inc.
Key Topics Covered:
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
For more information about this report visit https://www.researchandmarkets.com/r/9h5v0b
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