NAICS 332212 - Hand and Edge Tool Manufacturing
This industry comprises establishments primarily engaged in manufacturing nonpowered hand and edge tools (except saws).
Industry trends:
The hand and edge tool manufacturing industry, classified under NAICS 332212, has been witnessing several qualitative trends shaping its current landscape and future outlook. One notable trend is the increasing integration of smart technologies and IoT (Internet of Things) in traditional tools. Manufacturers are innovating with sensors and smart functionalities to offer advanced products that improve efficiency and precision for end-users.
Furthermore, there is a rising emphasis on sustainability and eco-friendly practices. Companies are investing in greener manufacturing processes and materials, such as recycled metals and energy-efficient production techniques, to reduce their environmental impact. This eco-conscious approach aligns with broader industry movements towards sustainability and attracts a growing segment of environmentally aware consumers.
Customization and ergonomic design are also gaining traction, driven by consumer demand for tools that cater to specific needs and reduce user fatigue. Manufacturers are focusing on creating more versatile and user-friendly products to meet the diverse requirements of both professional and DIY (do-it-yourself) markets.
Looking ahead, the industry is expected to continue evolving with these trends. The adoption of advanced manufacturing technologies, such as additive manufacturing (3D printing), will likely accelerate, offering new possibilities for tool design and production efficiency. Additionally, geopolitical factors and supply chain dynamics will play a crucial role in shaping the near-term future, with companies increasingly seeking to build more resilient and localized supply chains.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.