Page: Tool Buyer’s Economic Survey
| 1. Has the economy forced you to cut back on new tool purchases? |
|---|
| | answered question | 374 |
|---|
| skipped question | 4 |
|---|
| | Response
Percent | Response
Count |
|---|
| Yes | | 74.6% | 279 |
| No | | 25.4% | 95 |
| 2. How much did you spend on new tools last year? |
|---|
| | answered question | 378 |
|---|
| skipped question | 0 |
|---|
| | Response
Percent | Response
Count |
|---|
| Less than $500 | | 21.4% | 81 |
| $500 to $1,000 | | 29.1% | 110 |
| $1,000 to $3,000 | | 31.2% | 118 |
| $3,000 to $5,000 | | 10.1% | 38 |
| More than $5,000 | | 8.2% | 31 |
| 3. How does this compare with previous years before the recession? |
|---|
| | answered question | 377 |
|---|
| skipped question | 1 |
|---|
| | Response
Percent | Response
Count |
|---|
| About the same | | 24.4% | 92 |
| 10% -- 20% less than before | | 12.7% | 48 |
| 20% - 30% less than before | | 19.1% | 72 |
| 30% - 40% less than before | | 13.0% | 49 |
| 40% - 50% less than before | | 7.7% | 29 |
| I’ve cut more than 50% of what I was spending before | | 16.7% | 63 |
| I actually spent more than previous years | | 6.4% | 24 |
| 4. How else has the economy affected your tool purchasing decisions? |
|---|
| | answered question | 356 |
|---|
| skipped question | 22 |
|---|
| | Response
Percent | Response
Count |
|---|
| I buy fewer tools than I used to but the same quality and price | | 66.0% | 235 |
| I buy lower-priced tools even though quality may not be as high | | 5.6% | 20 |
| I stopped buying new tools and am getting by with what I have | | 28.4% | 101 |
| 5. Has the economy changed your tool buying priorities? |
|---|
| | answered question | 373 |
|---|
| skipped question | 5 |
|---|
| | Response
Percent | Response
Count |
|---|
| Price is much more important now | | 16.6% | 62 |
| I still look for the performance features I need more than price | | 45.0% | 168 |
| I am looking for a long-lasting tool | | 29.2% | 109 |
| I will buy a tool that will save me money even if it doesn’t last as long | | 3.2% | 12 |
| Service and warranty are still very important to me | | 5.9% | 22 |
| 6. Where do you buy your tools? |
|---|
| | answered question | 376 |
|---|
| skipped question | 2 |
|---|
| | Response
Percent | Response
Count |
|---|
| Specialty tool store or distributor | | 33.0% | 124 |
| Home centers like The Home Depot and Lowes | | 33.0% | 124 |
| Internet tool sales | | 29.3% | 110 |
| Lumberyard or building material dealers | | 4.0% | 15 |
| Hardware store | | 0.8% | 3 |
| 7. Has the economy changed where you buy tools? |
|---|
| | answered question | 372 |
|---|
| skipped question | 6 |
|---|
| | Response
Percent | Response
Count |
|---|
| No | | 71.5% | 266 |
| Yes | | 28.5% | 106 |
| 8. Has the economy changed how you maintain and repair your tools? |
|---|
| | answered question | 375 |
|---|
| skipped question | 3 |
|---|
| | Response
Percent | Response
Count |
|---|
| Yes | | 35.2% | 132 |
| No | | 64.8% | 243 |
| 9. What do you think will happen in 2010 in terms of your new tools purchases? |
|---|
| | answered question | 375 |
|---|
| skipped question | 3 |
|---|
| | Response
Percent | Response
Count |
|---|
| Business will get worse and I will cut back more | | 21.6% | 81 |
| Business will stay the same and I will spend about the same | | 57.3% | 215 |
| Business will improve and I will spend more | | 21.1% | 79 |
| 10. How old is your favorite power or pneumatic tool still in use today? |
|---|
| | answered question | 371 |
|---|
| skipped question | 7 |
|---|
| | Response
Percent | Response
Count |
|---|
| 1 year | | 3.5% | 13 |
| 2 years | | 6.2% | 23 |
| 3 years | | 11.9% | 44 |
| 4 years | | 9.2% | 34 |
| 5 years or older | | 69.3% | 257 |