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Size of tool companies

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Olafur

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We are always talking about tools, but what about the companies, how big are they, market share, turnover and so forth? I am guessing Snap ON is the biggest in the US, but I really have no idea?

Is it the biggest tool company on the planet? :headscrat
 
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disston

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Interesting question. Quality doesn't necessarily denote size. My guess for largest tool company is OTC. At one time I think it would have been Craftsman but not anymore.
 
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bob15

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Good link.

To the OP, what type of tool are you talking about: hand, hand power tools, yard tools, machinery (lathes, Bridgeports, toolroom equipment) etc?
 
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vssjim

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Olafur said:
We are always talking about tools, but what about the companies, how big are they, market share, turnover and so forth? I am guessing Snap ON is the biggest in the US, but I really have no idea?

Is it the biggest tool company on the planet? :headscrat
Click to expand...

Not even close Stanley Black and Decker even before joining forces Stanley was the worlds biggest tool maker and has been for a long time
 
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tarbellb

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Linked article is very informative, here is quick look at part of it.

scawp3.jpg
 
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Olafur

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Thanks, plenty of information on these links.

bob15 said:
Good link.

To the OP, what type of tool are you talking about: hand, hand power tools, yard tools, machinery (lathes, Bridgeports, toolroom equipment) etc?
Click to expand...
Hand tools and hand power tools.

Probably impossible, in many cases, to separate them from other activities these companies are doing. For example Bosch, is the appliance department included or the automotive (alternators, starters, ECU's, whatever...)?

I checked up on Gedore Group.(I suspect them to be big in Europe), family business it seems and they employ 2500 people.
 
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kythri

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Olafur said:
For example Bosch, is the appliance department included or the automotive (alternators, starters, ECU's, whatever...)?
Click to expand...

The article addresses that:

The Article said:
Close behind is Bosch’s hand and power tool business.

...

Bosch – Our best estimate is $6.2B in tool revenue
The Bosch annual report tells us their Consumer Goods division had 17.1 billion euros revenue (~18.5 billion USD) in 2015. The division consists of power tools (drills, jigsaws, impact screwdrivers, lawn mowers, best pressure washers etc.) and household appliances (fridges, washing machines, dryers, ovens etc.).

The household appliances portion of the Bosch Consumer Goods division was a 50:50 joint venture with Siemens until Bosch bought out Siemens for 3 billion euros (~3.25 billion USD) in late 2014. That was for the 50% share that Siemens owned, valuing the total household appliance company at 6 billion euros (6.5 billion USD). The company reported 10.5 billion euros revenue in 2013. So what’s the 2015 revenue to give us the portion that is power tools? With a growth rate of 4% yearly the revenue is 11.36 billion euros in 2015 leaving 5.74 billion euros (~$6.2B USD) as power tools revenue.
Click to expand...

So, not an exact science, but, no, their figure is not including non-power or hand tools.
 
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nbpt100

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it is interesting to see how diverse some of the companies are. Like Stanley Black and Decker. They very diversified and yet have overlap in the product lines and markets they serve.
 
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MattT

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kythri said:
The article addresses that:

So, not an exact science, but, no, their figure is not including non-power or hand tools.
Click to expand...

It might "address" Bosch but their ITW number is highly suspect. I just downloaded ITWs 2016 annual report and I can't figure how the articles author came up with 3.6 billion in annual tool sales. The welding and construction segments combined fall just shy of 3.1 billion. And a large portion of that will be consumables and fasteners.

Some of the others seem suspect too. The rankings just don't match the tools I've seen out in the real world. Granted my experience is limited to the anglosphere.
 
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kythri

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MattT said:
The rankings just don't match the tools I've seen out in the real world. Granted my experience is limited to the anglosphere.
Click to expand...

This really means nothing.

I've seen the same single Cornwell dealer in my lifetime and travels, and I've never seen Cornwell tools in use in the real world. Doesn't mean there aren't lots more dealers and tons and tons of their tools out there, in use.
 
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BikerDad

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Well, the BIG ONE is Bosch, if you consider the overall size of the company. Their R&D spending alone is bigger than everybody in that graphic save the top 4.

What's kinda interesting about that list is how bifurcated the industry is.. Only one company on the list is strong in both hand AND power tools, that being SB&D. Also interesting is what isn't seen.

Panasonic. We tend not to think of them as a tool company, even though they have a small line of highly regarded cordless tools. Yet they produce 1/3 of the lithium-ion batteries in the world, including those that go into our cordless tools.
 
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kythri

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Bosch's performance in the article is related to their hand and power tool business only.

Does Panasonic manufacture their own power tools, or does someone else?

Home Depot's share of the pie purposely excludes their sales of brands like Ryobi, Dewalt, Milwaukie, etc.

As far as batteries go, they aren't tools, themselves. They're a commodity that's used in power tool battery packs. Samsung manufactures a lot of lithium-ion batteries, but they're not on this list either.

If this article was going to include Panasonic because of batteries they manufacture that get used in power tools, then it would need to include motor manufacturers, etc. etc.
 
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theoldwizard1

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Yes, Bosch is an ENORMOUS company, but I never would have thought that they would even be in the top 10 of tool companies ! None of their brands seem to be market segment leaders.

I think the only reason Fortive is in the Top 4 is because of Fluke and Tektronix. In this case, cost per item puts them there.

TTI ? Milwaukee must be their biggest brand.

Hilti also surprises me as being in the Top 4.
 
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