World Power Tools - The Freedonia Group

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World Supply & Demand The World Supply and Demand Section highlights the key issues that have affected the global power tools market over the past ten years and summarizes contributing growth factors. This information helps you: • Focus your sales and marketing efforts on high growth areas. • Propose new areas for development SUPPLY & DEMAND Electric Power Tools - Drills Electric drill demand is forecast to rise 6.3 percent annually to $4.1 billion in SAMPLE PAGE 2005, spurred by the rising level of construction expenditures, particularly in developing regions. In addition, gains will be boosted by the development of improved cordless types, which will prompt replacement demand among both professional and DIY users. Gains in the consumer market will also result from the development of multifunctional drills with varied attachments (e.g., all-purpose driving tools for use with drill and screwdriver bits, and square drive sockets). Consumers in developed nations, especially casual DIYers, seek multipurpose tools as a way of minimizing their tool costs. However, these factors will be offset somewhat by the slowing macroeconomic outlook in the vast US market, which will limit advances in the industrial sector. Electric drills are the most versatile and most commonly used power tool. In addition to drilling holes, electric drills can be fitted with numerous accessories, World Power Tools including Demand those by that sand, Region grind, & polish Market and drive screws and nuts; such accessories (million make electric U.S. dollars) drills essential all-purpose tools. Product trends include escalating voltages. This increase in voltages is due in part to rising end-user demand for Item more powerful 1990power 1995 tools, and 2000 the small price 2005difference 2010between voltages. As a result, cordless drills with lower voltages (e.g., 7.4 volts) have faded from the World Population (millions) market. 5266.0 5674.9 6058.4 6423.7 6795.2 $ power tool/capita 2.2 2.4 3.1 3.8 4.7 Innovations in electric drill technology include Bosch’s DUAL SOURCE system, World 11380 13815 18550 24630 32100 available under the SKIL brand name. DUAL SOURCE tools have a corded backup By Region: North America: United States Canada & Mexico to run the tool and recharge the battery after the battery has been exhausted. 3715 5085 7440 9515 12150 The DUAL 3290 SOURCE 4600 line includes 6665 a 9.6-, 12- 8450 and 14.4-volt 10750 drill/driver, light and inflator. This 425 drill features 485 a six-position 775 torque 1065 control 1400 and textured, soft-grip T- Latin America handle. 300 425 545 830 1230 Western Europe 3975 4395 SAMPLE 5510 TABLE 7000 8620 Eastern Europe In addition to 785 the continuing 585 popularity 775 of 1050 cordless drills, 1350 another major trend in Africa/Mideast the drill sector 300 is the ongoing 410 diffusion 610 of keyless 875 chuck 1120 drills. In keyless drill Asia/Pacific: 2305 2915 3670 5360 7630 China 100 235 585 980 1750 Japan 1480 1600 1710 2220 2860 Other Asia/Pacific 725 1080 1375 2160 3020 By Market: Professional 8360 10040 13205 17555 22890 Consumer 3020 3775 5345 7075 9210 © Copyright by The Freedonia Group, Inc. World Power Tools #1419 Order form on last page 7
Supply & Demand by Country/Region The Market Sections analyze demand trends and consider the threats and opportunities in each country and region. Spain - Supply & Demand WESTERN EUROPE Spain comprised a $470 million market for power tools in 2000, largest among the non-G7 nations of Western Europe. Moreover, growth in power tools demand SAMPLE PAGE exceeded the regional average from 1995 to 2000, despite minimal growth in population size. These gains are the result of the improved capital investment outlook in recent years, a turnaround from the declines experienced in the earlier part of the decade. Shipments of power tools from facilities located in Spain reached $305 million in 2000, which left the country with a trade deficit in these products. Net imports comprised about 35 percent of domestic demand in 2000, with significant activity China - Power Tool on both Supply the import & and Demand export sides. The Spanish industry finds key export (million markets U.S. throughout dollars) the EU area. In addition, the US is a major external supplier to the Spanish market, along with its West European neighbors and Asian-based producers. Item 1990 1995 2000 2005 2010 Population (million) 1143.1 1209.4 1261.0 The market for power tools in Spain is projected to rise five percent per year 1304.9 1347.8 $ power tools/capita t 0.1 0.2 0.5 0.8 1.3 hrough million, a slight Power Tool Demand 100 235 585 deceleration from the recent historical 980 performance 1750 and in line with the forecast By Type: average pace for the region as a whole. Gains will result from Electric Tools 70 the 160continued 415healthy 705 capital investment 1280 outlook in the nation. Drills 10 30 85 145 265 Power tools shipments from facilities in Spain will expand Electric Saw Blades 15 40 130 225 415 percent per annum through 2005 to $420 million, above the Other 45 90 200 335 600 pace of domestic demand, although a widening in the country’s Pneumatic Tools 15 40SAMPLE 90 TABLE 145 245 Engine-Driven & Others 15 trade 35 deficit will 80 continue. 130 Among 225the multinational producers active in Spain are Actuant, Hitachi, Makita, Stihl and Textron. By Market: Professional 90 215 535 890 1580 Consumer 10 20 50 90 170 net exports 285 420 1150 1850 2620 Power Tool Shipments 385 655 1735 2830 4370 © Copyright by The Freedonia Group, Inc. 8 World Power Tools #1419 Freedonia Industry Study
Page 1 and 2: World Power Tools with forecasts to
Page 3 and 4: Study Highlights • World demand f
Page 5 and 6: Table of Contents I. EXECUTIVE SUMM
Page 7: Market Environment The Market Envir
Page 11 and 12: Company Profiles The profiles secti
Page 13 and 14: Forecasting Methodology Freedonia d
Page 15 and 16: About Our Customers Freedonia's cli
Page 17: How to Order For more information a

World Power Tools - The Freedonia Group

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