The Tool Manufacturing industry in the United Kingdom is mainly comprised of manufacturers of relatively high-tech specialist equipment with industrial or mining applications. Over the five years through 2014-15, revenue generated by the Tool Manufacturing industry is expected to increase at a compound annual rate of 1.6% to reach £1.17 billion. This includes a forecast decline of 3.9% in 2014-15 due to 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.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.