Power Tools & Other General Purpose Machinery Manufacturing in the US - Industry Market Research Report

Power Tools & Other General Purpose Machinery Manufacturing in the US - Industry Market Research Report

  • October 2020 •
  • 51 pages •
  • Report ID: 198780 •
  • Format: PDF
Hammer home: A depreciating US dollar will likely support export growth

Abstract

Power Tools & Other General Purpose Machinery Manufacturing in the US
The Power Tools and Other General Purpose Machinery Manufacturing industry makes many different products. Although the industry’s broad product range is sold to many markets, downstream demand is concentrated in the manufacturing and construction sectors. Overall, the industry has experienced contradictory forces from downstream demand over the five years to 2019. Construction activity has been strong, whereas commodity prices have hindered manufacturers. Additionally, the appreciation of the US dollar has reduced cost competitiveness abroad. However, despite reduced exports and a restrained industrial sector, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to increase. Renewed manufacturing demand and construction will likely drive demand, while trade to industrializing countries is anticipated to reverse the decline of exports.

Items manufactured in this industry include power-driven hand tools; welding and soldering equipment; packaging machinery; industrial-process furnaces and ovens; fluid-power cylinders and actuators; fluid-power pumps and motors; scales and balances; and miscellaneous general-purpose machinery.

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.
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