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Market growth for power and hand tools to be driven by consumers (October 31, 2003)

Cleveland, OH -- The U.S. market for power and hand tools will reach $15.4 billion in 2007, according to a new stud...


Cleveland, OH — The U.S. market for power and hand tools will reach $15.4 billion in 2007, according to a new study by The Freedonia Group Inc. Gains will be driven by improved residential repair spending, consumer interest in do-it-yourself projects, and opportunities for lighter ergonomic models aimed at women.

Cordless tools will continue growing faster than corded products, with power tools outpacing hand tools.

The 265-page study analyzes the U.S. power and hand tool industry, presenting historical U.S. demand data for 1992, 1997 and 2002, and forecasts to 2007 and 2012 by type (e.g., drills, saws, sanders, polishers and grinders, screwdrivers, planers and routers, hammers, wrenches, percussion tools, pliers, specialized automotive tools); and by market.

The US$4,000 study also examines the market environment, details industry structure and market share, and profiles 46 key companies including Stanley Works, Black & Decker, Bosch, Pentair, Snap-on, Atlas-Copco, Emerson Electric, Makita, Danaher, and Cooper.

For more information, visit www.freedoniagroup.com.