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Tool Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tool Manufacturing Market Research Report | SIC C25.730 | Jun 2017

Drilling down: Revenue has contracted steadily, though the future does looks somewhat brighter

IBISWorld’s Tool Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
National Oilwell Varco National Oilwell Varco market share
Industry Statistics & Market Size
Annual Growth 13-18
Annual Growth 18-23
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Industry Threats & Opportunities
  • Revenue has declined due to high competition from manufacturers in low-cost countries
  • Demand for hand tools and construction tools has risen as building activity has increased
  • A forecast increase in the industrial production index is expected to support modest growth
  • ... purchase to read more

Industry Analysis & Industry Trends

The Tool Manufacturing industry is mainly comprised of manufacturers of high-tech specialist equipment with industrial or mining applications. Over the five years through 2017-18, industry revenue is estimated to decline at a compound annual rate of 1.8% to just under £1.8 billion. This includes a forecast decline of 0.8% in 2017-18 due to continued weak demand from the downstream oil exploration and extraction markets. The majority of household tools are now manufactured in low-cost countries in Asia and Eastern Europe.

The recession resulted in falling demand for tools from the construction, manufacturing and energy exploration industries, which continued to have a negative effect on the industry’s performance at the start of the period... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry in the industry are moderate overall, but vary by segment. Competition from international players is high. Opportunities exist in niche markets, but it is important that firms have access to the latest technology, either in-house or through links with global suppliers.

It can be difficult to recruit staff that have adequate skills in this industry. Staff need to have skills related to machining and computer-aided, numeric-controlled tools and manufacturing techniques. In addition, the cost of establishing manufacturing facilities can also be a deterrent to prospective entrants.

Industry operators manufacture a diverse range of products, and the ability to offer an extensive range in order to satisfy clients’ requirements can also act as a barrier to entry. purchase to read more

Additional Insights for the Tool Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tool Manufacturing Industry are

  • Ability to quickly adopt new technology
  • Effective cost controls
  • Market research and understanding
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Total value of construction in the Tool Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Tool Manufacturing Industry?

    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.

    Industry Products
    Interchangeable tools for machine toolsRock-drilling and earth-boring toolsSpanners and wrenchesKnives and blades
    Industry Activities
    Manufacturing knives and cutting blades for machines or mechanical appliancesManufacturing hand tools Manufacturing non-power-driven agricultural hand toolsManufacturing saws and saw bladesManufacturing interchangeable tools like drills, punches and milling cutters Manufacturing press toolsManufacturing blacksmiths' toolsManufacturing moulding boxes and moulds Manufacturing vices and clamps

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Total value of construction
  • MSCI World Index
  • Exchange rate - euros per pound
  • Current Performance
  • Export concerns
  • Firming up the foundations
  • Slippery business
  • Competition from overseas
  • Profit and establishments
  • Chart: Revenue Growth
  • Industry Outlook
  • Domestic demand
  • International demand
  • Table: Tool Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tool Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Iron & Steel Manufacturing
  • Lead, Zinc & Tin Production
  • Copper Production
  • Other Non-Ferrous Metal Production
  • Key Selling Industries
  • Agriculture, Forestry and Fishing
  • Construction
  • Manufacturing
  • Mining and Quarrying
  • Products & Services
  • Other
  • Interchangeable tools for machine tools
  • Rock-drilling and earth-boring tools
  • Spanners and wrenches
  • Knives and blades
  • Chart: Tool Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Manufacturers
  • Mining, oil and gas exploration and extraction industries
  • Construction companies
  • Other
  • Chart: Major Market Segmentation for the Tool Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Research and development
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Tool Manufacturing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tool Manufacturing Industry
  • Industry Globalization
    Major Companies
    National Oilwell Varco UK Ltd
  • Table: National Oilwell Varco UK Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tool Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Tool Manufacturing Industry
  • Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • An extremely hard material manufactured primarily from tungsten and cobalt.
  • Downhole Tools
  • Tools used for well drilling, well interventions and well completions.
  • Machine Tool
  • A powered machine for cutting, shaping or finishing metals or other materials.
  • Sintered Material
  • Sintered materials are objects created from powders, utilising atomic diffusion.
  • Torque Wrench
  • A tool used to apply a specific torque to a fastener such as a nut or bolt.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Tool Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tool Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tool Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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