Making power tool sales surge

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Power And Hand Tool Forecast

Shipments of Lr.S. made power and hand tools uill increase 3.8% annualll to SE.7 billion by the 1'ear 2000. according to a new Freedonia Group study.

Power tools riill dominate the increase. risin_c -1.69i lLnnually ttr $-5.2 billion. due to the aging of both the housing and autonrobile stock and an improved nonresidential construction rnarket. Gains u ill also result from manufacturers developing more porverful and easier to handle tools. Advances will address heightened demand by d-iyers for professional quality, i.e.. high end or upscale power tools.

Hand tools u,ill increase more slowly, 2.'7Vc annually through

2000. duc t() conrpetition lrrrnt hoth rnrportetl harrd ttrtrls lintl 1'rrru cl tttol:. Sltle: ttrc' til:tr le:trictcrl b1 thcir lclatively lonr :errice lilc lnd little product inno\ r.rti()ll. Still. thc se!ment \r'ill enlor gains because certain hand tools are considered essential items for every household.

Prolessional user\ \\ill contrnue to dorninate the rnarket since thev generalll' purchase high end. expensive tools on a regular basis. Yet. while expansion should parallel along general trends in residential and nonresidential construetion, there will be faster erouth in the consunrer market.

U.S. Supply & Demand for Power & (millions of dollars)

Item

Power & Hand Tool Sales

Exports lmports

Power & Hand Tool Shipments

Power Tools

Hand Tools

Hand Tools

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Story at a Glance

Spark power tool sales ... tailor your section to your customers d-i-yers vs. pros.

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