BROWSE THROUGH OUR TRADE FAIRS IN USA FOR TOOLS INDUSTRY

The USA is among the leading and central locations of the tools industry. It applies to the global and North American market segments of the sector. This is due to the country's notably extensive and high-valued tools industry. For example, the USA tools sector has recently extended to feature more than 1 800 enterprises. It includes over 1 000 in the cutting and machine tool accessory manufacturing section. Also, there are more than 100 power tool manufacturing and upwards of 700 in the hand tool sections. This results in a notably high-valued segment that has reached a market value of 42 020 000 000 USD in recent years. It includes 6 500 000 000 USD produced by the cutting and machine tool accessory manufacturing. It also features 4 200 000 000 USD from the power tool manufacturing and 7 900 000 000 USD from the hand tool sectors. Approximately 60 000 specialists aid in producing such values. These include around 29 500 in the tool accessory manufacturing. Likewise, there are approximately 6 000 in the power tool manufacturing and around 24 300 in the hand tool segments. A notable percentage of the engaged professionals are research and development specialists. It enables the segment to adapt to the latest challenges through innovations. This results in the USA tools industry featuring a development potential that has recently reached a CAGR of 2.85%. Generally, the segment presents its latest innovations during trade expos. It includes during annual events in diverse USA cities. These attract thousands of attendees to the country.