TITLE

The Global Market for Power Tools

AUTHOR(S)
Deneen, Michael A.; Gross, Andrew C.
PUB. DATE
July 2006
SOURCE
Business Economics;Jul2006, Vol. 41 Issue 3, p66
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
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.
ACCESSION #
22067403

 

Related Articles

  • That Falling Feeling. Maugeri, Leonardo // Newsweek (Atlantic Edition);10/9/2006 (Atlantic Edition), Vol. 148 Issue 15, p40 

    This article focuses on the global oil market. The public had been bombarded by pessimistic warnings about the world running out of oil amid rising demand from emerging economies, particularly China. However, supply is tight because two decades of low prices discouraged the exploration and...

  • That Falling Feeling. Maugeri, Leonardo // Newsweek (Pacific Edition);10/9/2006 (Pacific Edition), Vol. 148 Issue 15, p36 

    This article focuses on the global oil market. The public had been bombarded by pessimistic warnings about the world running out of oil amid rising demand from emerging economies, particularly China. However, supply is tight because two decades of low prices discouraged the exploration and...

  • Pharmemerging Markets: Potential and Challenges. Sandhu, Gurpreet // Contract Pharma;Sep2014, Vol. 16 Issue 7, p42 

    The article discusses the challenges in the high growth pharmaceutical industries across the world. Emerging markets that include Brazil, India, Russia, and China (BRIC) remain the dominant markets for the pharmaceutical industry with numerous challenges and opportunities. Mergers & acquisitions...

  • AN EMERGING MARKET PERSPECTIVE ON KEY VALUE DRIVERS IN THE VALUATION OF CROSS-BORDER TRANSACTIONS INTO SOUTH AFRICA. NEL, W. S.; BRUWER, B. W.; LE ROUX, N. J. // Economics, Management & Financial Markets;Dec2014, Vol. 9 Issue 4, p92 

    This paper investigates the valuation performance of 16 individual value drivers, from five different value driver categories, in relation to the South African equity market for the period 2001-2010. The research results revealed, among other findings, that headline earnings is by far the most...

  • A Bull Market Driven by Demand. Pethokoukis, James M. // U.S. News & World Report;1/16/2006, Vol. 140 Issue 2, p46 

    The author considers the market for natural resources. Andy Pilara, portfolio manager of RS Global Natural Resources Fund, believes we are in the early stages of a natural resources bull market that will last this decade. Pilar refers to the impact of the movement of a billion or more people in...

  • Survey indicates that manufacturers are looking to emerging global markets. whitel // MWP (Online Edition);9/28/2012, p149 

    The article focuses on the result of a survey which indicates that the manufacturers in Great Britain are considering to penetrate on the emerging markets in 2012.

  • Worldwide server shipments up. Kamath, John-paul // Computer Weekly;12/4/2007, p72 

    The article presents information related to the present business of computer servers. According to Gartner Group Inc., worldwide server shipments for the third quarter of 2007 increased 8.7% over the same quarter of 2006, while worldwide server revenue for the same period climbed 2.6%. Errol...

  • MARKET MONITOR.  // Emerging Markets Monitor;5/23/2005, Vol. 11 Issue 7, p19 

    Presents tabular representations of the international market conditions of several emerging markets as of May 20, 2005. Argentina; China; Philippines.

  • 2014 CRUCIAL FOR EMERGING MARKETS, MAY SET TREND FOR DECADE.  // Growth Strategies;Jan2014, Issue 1081, p4 

    The article reports that 2014 will be crucial for the emerging markets.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics