Hand Tool & Cutlery Manufacturing in the US - Market Research Report (2014-2029)

The pandemic shut down factories and pushed steel prices up in 2021. Subsequently, consumers returned to the marketplace amid the reopening economy faster than supply chains could recuperate, creating excess demand for hand tools relative to supply. Low interest rates and a tight housing market prompted widespread construction investment, putting more pressure on prices at the onset of the current period. Hand tool manufacturers were not able to take advantage of skyrocketing prices because more sales couldn't completely offset costs from high wages and input prices, namely aluminum. In the last few years, revenue fell at a CAGR of 2.1% to $10.8 billion, including an expected 3.9% decline in 2024.

疫情导致2021年工厂关闭，推动钢材价格上涨。随后，在经济复苏的背景下，消费者回归市场之速超过了供应链的恢复能力，相对于供应，手动工具的需求过剩。低利率和紧张的房地产市场促使广泛的建筑投资，在当前时期的初期对价格施加了额外压力。由于销售量的激增无法完全抵消高工资和原材料成本（尤其是铝）带来的开支，手动工具制造商未能充分利用飙升的价格。在过去几年中，收入以2.1%的复合年增长率下降至108亿美元，预计2024年将下降3.9%。