Industry Information about HardwareThe U.S. power-driven hand tool industry includes professional and nonprofessional tools such as portable chain saws, electric drills, electric sanders, and pneumatic hammers. The hand tool industry is closely associated with the inhabited and commercial construction, as well as home repair and renovation businesses. The weak economy during the early 2000s created negative pressure on demand in the commercial and industrial sectors, but the new housing powerful growing industry helped uphold the hand & power tools industry. National Manufacturing Co. business profile on GlobalSpec provides more information on the industry’s latest power tools.Recent Trends in Hand & Power ToolsDespite a slow economy in the early 2000s, the climate for hand tools continued as optimistic. Extremely low interest rates created a gush in new housing, which jumped from 1.2 million in 2000 to an estimated 1.6 million in 2003. Hand & power tools in Miami are respectfully sold by one of the leading establishments in the industry; Black and Decker Corp., for example, received $1.8 million of its profits from its power tool division by the end of 1995, mostly from a result of do-it-yourself retail sales at home improvement stores. The leader in such stores is Home Depot, and you can be sure hands & power tools in Atlanta are representative of the soaring industry, where the Home Depot Corp. Headquarters is located.Businesses in This CategoryThis industry includes establishments mainly engaged in manufacturing power-driven hand tools, such as drills and drilling tools, battery-powered hand tools, electric hammers, pneumatic and snagging grinders.