U.S. Power-Driven Handtool Market Shows Steady Growth, with China as the Largest and the Fastest-Growing Supplier
Power-Driven Hand Tools June 21, 2016
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The U.S. leads the way in global imports of power-driven handtools, accounting for a X% share (based on USD). Germany (X%), France (X%), and the UK (X%) followed. In 2015, U.S. power-driven handtool imports totaled X million USD, which was X million USD (X%) more than the year before.
From 2007 to 2015, U.S. power-driven handtool imports showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next six years, with a deceleration from 2012 to 2014, followed by another hike in 2015. There was an annual increase of +X% throughout the post-recession period of 2009-2015. In 2011, U.S. power-driven handtool imports surpassed the pre-recession level of 2007.
Since the US is not only the largest importer of power-driven handtools in the world, but has also shown steady import growth, the U.S. remains one of the most attractive destinations for overseas suppliers.
China was the main supplier of power-driven handtools into the U.S., with a X% share of total U.S. imports in 2015, based on USD. It was distantly followed by Mexico (X%) and Germany (X%). China was the fastest growing supplier (+X% per year) from 2007 to 2015, while imports from Mexico remained relatively stable. China strengthened its position in the U.S. import structure by +X percentage points from 2007 to 2015, while Mexico saw its share reduced by -X percentage points over the same period.
From 2007 to 2015, the U.S. was a net importer of power-driven handtools. Moreover, imports grew faster than exports on average over the period under review.
The U.S. trade deficit in this sector worsened over the period under review, growing from X million USD in 2007 to X million USD in 2015. The negative trend accelerated sharply in 2012-2015, with the trade deficit increasing by +X% annually.
Source: U.S. Power-Driven Handtool Market. Analysis And Forecast to 2020
Power-driven handtools, pneumatic, hydraulic, and power-actuated; Power-driven handtools, internal combustion engine driven (including parts); Power-driven handtools, battery-powered (cordless), including parts; Power-driven handtools, electric (excluding battery-powered), including parts; Power-driven handtool manufacturing, nsk, total
The report provides on an in-depth analysis of the U.S. power-driven handtool market. It displays the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains current data on the biggest players in the industry.
Countries coverage: the U.S.
Companies mentioned:
Snap-On-Tools Corporation,
Stanley Black & Decker,
Milwaukee Electric Tool Corporation,
John Deere Consumer Products,
Stihl Incorporated,
Robert Bosch Tool Corporation,
Senco Brands,
Dynabrade,
Ryobi Technologies,
Tippmann Sports,
Ardisam,
Zircon Corporation,
Chicago Pneumatic Tool Company,
Snap-On Incorporated,
Bolttech Mannings,
Diamond Mk Products,
Darex,
Black & Decker (u.s.),
Blount,
P & F Industries,
George Jue Mfg Co,
Seescan,
Diamond Z Trailer,
Makita Corporation of America,
Bhl International,
Porter-Cable Corporation,
Churchill Aerospace,
Cooper Tools,
Comact Equipment US,
Hilti North America,
Air Incorporated Pneumatic Tools,
Kendall Industries Incorporated
Data coverage:
• Power-driven handtool market size;
• Power-driven handtool production, value of shipments;
• Key market players and their profiles;
• Exports, imports and trade balance;
• Import and export prices;
• Forecast of the market dynamics in the medium term;
• Key industry statistics;
• Life cycle of the power-driven handtool industry;
• Number of establishments and their locations;
• Employment data;
• Power-driven handtool industry productivity.
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