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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 | Sep 2016

Tooled up: Industry operators have had to innovate to contend with relatively limited demand

The Tool Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
National Oilwell Varco National Oilwell Varco market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

The Tool Manufacturing industry is mainly comprised of manufacturers of relatively high-tech specialist equipment with industrial or mining applications. Over the five years through 2016-17, industry revenue is estimated to decline at a compound annual rate of 1.4% to reach £1.16 billion. This includes a forecast decline of 1.4% in 2016-17 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 had a negative effect on the industry's performance at the start of the period... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry has a low level of market share concentration, partly as a result of the import competition that the domestic market faces. Large exporting countries that have an abundance of cheap labour can mass-produce cheap items such as saws, screwdrivers and knives for far less than companies based in the United Kingdom. The result is that UK companies choose instead to compete in more specialist, low-volume, high value-added markets. Consequently, the industry is characterised by a large number of small businesses. In 2016-17, the industry's four largest firms are estimated to account for 14.3% of industry revenue. Con.. purchase to read more


Industry ProductsRelated ReportsTable of Contents

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

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