Author Topic: Tool Industry Behemoths...the global hand & power tool industry.  (Read 4675 times)

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Offline Scott in Bend

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Here is a link to a February 2017 study from pressurewashr.com about the big tool manufacturers.  They report who owns what brands and their estimated annual revenues.  I'm not sure how accurate it is, but it makes for an interesting read.

The study reports TTS (Festool) at $400 Million in annual sales or less than 1% of the total global hand & power tool industry.  The numbers are probably somewhat skewed as the study combines both hand and power tools together.

http://pressurewashr.com/tool-industry-behemoths/

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Offline leakyroof

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #1 on: April 25, 2017, 03:38 PM »
I was surprised that I-R was so low in the rankings. I guess the study didn't include compressors.....Also , the disparity between Electric and Pneumatic tools sales is NOT a surprise since you don't always have access to a large enough Compressor to run an air tool while only needing an outlet to run a comparable electric powered tool.
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Offline Svar

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #2 on: April 25, 2017, 03:43 PM »
I did not realise Hilti was so big. On par with Bosch and Makita.

Offline Peter Halle

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #3 on: April 25, 2017, 05:28 PM »
Regarding TTS, it is a privately held company and it would be highly unusual for any sort of financial or sales data to escape out into the public.  I am not trying to say that their sales are greater or less than reported - rather that the data might not be accurate.

Peter
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Offline Rip Van Winkle

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #4 on: April 25, 2017, 06:03 PM »
Hilti isn't just a tool manufacturer. One if the main parts if their business is supplying fasteners, specialty construction adhesives, firestop systems, and soecialty hardware for things like sprinkler systems. I wouldn't be surprised if the hardware and building products section of their business made far more money than the power tools section. They also likely make a large amount of money from supplying consumables like drill bits and saw blades.

For some reason Atlas Copco, the corporation that used to own Milwaukee Tools, wasn't included. Atlas Copco still manufactures compressors and pneumatic tools, along with power tools for industrial assembly and mining, and in 2016 they generated more than $10,000,000,000 in revenue. Some of their business segments would also overlap with Ingersol.

The listing for Hitachi doesn't include Metabo, which was recently purchased by Hitachi. After this purchase, the Hitachi tool division was sold to private equity firm KKR.


Offline Vladiator

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #5 on: April 26, 2017, 12:17 AM »
Didn't know that Bosch & Hilti were so big... Not a big fan of their tools, because Hilti was started by second cousin of Hitler and Bosch supported Nazi regime as well.



Offline SRSemenza

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #6 on: April 26, 2017, 12:32 AM »
Didn't know that Bosch & Hilti were so big... Not a big fan of their tools, because Hilti was started by second cousin of Hitler and Bosch supported Nazi regime as well.

  Interesting.

  Then again these companies have probably changed a bit since WWII.


Seth

Offline Untidy Shop

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #7 on: April 26, 2017, 01:03 AM »
Didn't know that Bosch & Hilti were so big... Not a big fan of their tools, because Hilti was started by second cousin of Hitler and Bosch supported Nazi regime as well.

Well Festool as TTS was around during WW11 as well: so was Mann, AEG, BMW and Mercedes and Bayer. There are companies in other countries including my own and in NA that have 'history' too. 

I am more interested in what contributions a company is making to society and the social and physical environment today, rather than necessarily dwelling on their past.

Hence one of the reasons I tend to purchase Festool and other high quality tools is their durability and ability to be recycled when their end does eventuate.
« Last Edit: April 26, 2017, 01:06 AM by Untidy Shop »
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Offline antss

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #8 on: April 26, 2017, 01:07 AM »
I've got news for all of you - any company in business before the war that still survives in Germany today supported the Nazis whether directly or indirectly.

It was simply a matter of survival, whether they agreed or were disgusted with the regime.  None of the people around back then now have anything to do with whether the businesses produce a good tool at a fair price anyway. 

If you dig deep enough, someone or some group/class will be put off by all of the owners or management of the companies on that list. Those American and Chineese companies don't have a sainted history either, perhaps worse. 

It should also be noted that many of those Germany companies are still governed by family trusts that spread around the profits generated to more than just the family members. 
« Last Edit: April 26, 2017, 01:10 AM by antss »

Offline LooseSox

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #9 on: April 26, 2017, 07:08 AM »
Didn't know that Bosch & Hilti were so big... Not a big fan of their tools, because Hilti was started by second cousin of Hitler and Bosch supported Nazi regime as well.

By that logic I assume that you also have a dislike of Kodak, Volkswagen, Hugo Boss, IBM, BMW, Mercedes, Siemens, this list could go on for a while...

Online Poindexter

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #10 on: April 26, 2017, 08:01 AM »
And how many American companies were competing for German money right up until it was illegal to support an enemy we were at war with?  How long do you want to hold a grudge?  10 years?  100 years?  It always works out so well to continue to suppress the losing group.

P.S. My German/Polish jewish family thoroughly enjoys the business relationships we have grown over the last 60 years with BMW, VW, Audi, Porsche and even those other WWII bastards:  Toyota and Honda.

Offline leakyroof

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #11 on: April 26, 2017, 09:57 AM »
Hilti isn't just a tool manufacturer. One if the main parts if their business is supplying fasteners, specialty construction adhesives, firestop systems, and soecialty hardware for things like sprinkler systems. I wouldn't be surprised if the hardware and building products section of their business made far more money than the power tools section. They also likely make a large amount of money from supplying consumables like drill bits and saw blades.

For some reason Atlas Copco, the corporation that used to own Milwaukee Tools, wasn't included. Atlas Copco still manufactures compressors and pneumatic tools, along with power tools for industrial assembly and mining, and in 2016 they generated more than $10,000,000,000 in revenue. Some of their business segments would also overlap with Ingersol.

The listing for Hitachi doesn't include Metabo, which was recently purchased by Hitachi. After this purchase, the Hitachi tool division was sold to private equity firm KKR.
All good points, esp. about Atlas-Copco. here in the US they are often unknown outside their target market, while VERY well known in the rest of the World.
 Wonder where Suhner Tools ends up in this mix?  Much smaller than Festool/TTS, maybe? Love their stuff, very high quality, and of course, NOT cheap... [scared]
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Offline Cheese

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #12 on: April 26, 2017, 10:09 AM »
Didn't know that Bosch & Hilti were so big...

I did not realise Hilti was so big.

I'll third those statements. I figured the Hilti numbers would be closer to Festool numbers...I wonder where Mafell sits?

Offline SRSemenza

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #13 on: April 26, 2017, 10:17 AM »
Lets keep this thread on track.

       I just looked at the graphics chart (pretty cool), and was not surprised to see Apex on it. I recently have purchased some Gearwrench tools, and in the process have seen how many other brands fall under the Apex umbrella.

Seth

Offline tjbnwi

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Re: Tool Industry Behemoths...the global hand & power tool industry.
« Reply #14 on: April 27, 2017, 11:07 AM »
Noticed a couple of things both involve ITW;

Bernard is about 6 miles from me, I use their MIG torches.

Just ordered 2 more Build Cleans----not on the list but Build Clean is an ITW company (didn't know this until I placed the order).

Tom

Offline aloysius

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Hmm.  Henry Ford was a financial and ideological supporter of Adolf Hitler's National Socialist Part too, even when war was declared on the USA late in the war.

Remember that in Hitler's vision of "total war" all occupied European industry was bent to the will of the dictator and his war machine.  That includes Austrian, French, Belgian, Dutch, Danish, Czech, Ukrainian, Yugoslav, Norwegian, Italian, Greek, Albanian, Polish, Lithuanian, Estonian, Latvian & Russian industries and primary producers.

What about all those "neutral" foreign governments that freely traded with the Austrian dictator & his cronies before & even during the period of armed conflict:  USA, Swiss, Spanish, Swedish, Russian armaments, raw materials and other manufacturing industries made billions in trade with the Wermacht.  Where do you thing all his Bofors and Oerlikon cannon originated, or the aluminium, tungsten and iron ore, coal, oil and other materiel necessary for the industrialised slaughter of tens of millions.

In fact Robert Bosch was so horrified with some of the uses his firm's industrial output was put in the Great War, that he included in his will the ongoing provision that control of his company remain in his family and that a major proportion (20% 25%??) of company profits be gifted annually to charitable organisations, to be distributed at the discretion of the board of majority voting shareholders.  During his dictatorship, Hitler merely ignored these provisions.

Source: Wikipedia & Robert Bosch annual reports.

Bosch has for many years been the largest power tool manufacturer, by a fairly large margin as far as I'm aware.  Additional to this is the automotive, construction, electronics and power generation divisions (plus more that I can't at the moment recall) that make this company a true transnational titan that would dwarf most others.

Others also have their tool divisions as a mere proportion of their corporate totality.  Most Japanese medium size tool firms  (with the current exception of Hitachi Koki/Metabo, which is owned by a USA based hedge fund) are mere bit players in the aggregated Japanese corporate behemoths that are each dominated by one or more of the 3 or 4 huge Japanese banks.
« Last Edit: May 10, 2017, 05:46 AM by aloysius »
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