Revenue is forecast to contract at a compound annual rate of 6.4% over the five years through 2023-24 to £1 billion. Declining revenue can be attributed to weak industrial activity, particularly from manufacturing, oil and gas exploration and extraction markets, and mining and quarrying industries. Additionally, the lion's share of household tools are manufactured in low-cost regions and countries, like China. These imported tools pose fierce competition to domestic producers and have become increasingly popular, weighing on revenue. Companies in this industry manufacture tools, including clamps, vices, saws, hand tools and moulding boxes. The industry does not include the manufacture of power-driven hand tools. 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.Building up: Revenue continues to recover from its pandemic slump, in line with construction activity
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- National Oilwell Varco UK Ltd
Methodology
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