Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The Global Market for Power Tools

The Global Market for Power Tools Abstract The global demand for power tools rose from $19.0 billion in 1999 to $22.8 billion by 2004 and is expected to increase to $29.2 billion in 2009. The annual rate of growth was 3.7 percent during 1999-2004; the projected rate during 2004-2009 is 5.0 percent. This reflects accelerating growth in developing regions, with the most promising opportunities occurring in Latin America, Africa/Mid-East, and Asia-Pacific. Electric tools (plug-in and cordless) dominate world demand, comprising three-fourth of shipments in 2004. Commercial users accounted for 70 percent and households for 30 percent of total sales, a ratio that should prevail during the coming years. North America accounted for 40 percent of total demand but for only 30 percent of production, as U.S. firms shifted operations to countries with lower wages. While hundreds of companies offer power tools, only a few firms hold significant market share. The leaders are Black & Decker (United States), Bosch (Germany), TechTronic (Hong-Kong), Makita (Japan), and Hitachi (Japan); together they accounted for 37 percent of global sales in 2004. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

The Global Market for Power Tools

Deneen, Michael A; Gross, Andrew C
Business Economics , Volume 41 (3): 8 – Jul 1, 2006
Download PDF
8 pages

Loading next page...
 
/lp/springer-journals/the-global-market-for-power-tools-kFt3QiuYW0

References (0)

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
Springer Journals
Copyright
2006 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.2145/20060309
Publisher site
See Article on Publisher Site

Abstract

Abstract The global demand for power tools rose from $19.0 billion in 1999 to $22.8 billion by 2004 and is expected to increase to $29.2 billion in 2009. The annual rate of growth was 3.7 percent during 1999-2004; the projected rate during 2004-2009 is 5.0 percent. This reflects accelerating growth in developing regions, with the most promising opportunities occurring in Latin America, Africa/Mid-East, and Asia-Pacific. Electric tools (plug-in and cordless) dominate world demand, comprising three-fourth of shipments in 2004. Commercial users accounted for 70 percent and households for 30 percent of total sales, a ratio that should prevail during the coming years. North America accounted for 40 percent of total demand but for only 30 percent of production, as U.S. firms shifted operations to countries with lower wages. While hundreds of companies offer power tools, only a few firms hold significant market share. The leaders are Black & Decker (United States), Bosch (Germany), TechTronic (Hong-Kong), Makita (Japan), and Hitachi (Japan); together they accounted for 37 percent of global sales in 2004.

Journal

Business Economics – Springer Journals

Published: Jul 1, 2006

Keywords: economics, general; political economy/economic systems; business and management, general

There are no references for this article.