Taking Aim at Hardlines: Hand Tool Market Keeps On Growing

Friday, February 10, 2006

Hand Tool Market Keeps On Growing

There was a most interesting article in the February 10th issue of Home Channel News this morning. Specialists in Business Information (a division of MarketResearch.com) has published the results of a study predicting that the hand tool market will grow at a 3.6% compound rate from $6.2 billion in 2005 to $7.4 billion in 2010. This is great news for strong brands and it creates a real opportunity for inventors and creative marketers of hand tools. Growth is expected to come from innovations in ergonomic design, weight reduction and greater value. So, if you have an idea for a new or improved hand tool, you might want to check out my Marketing New Product website.

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