Tools, which are now often attached to machines, are used to work, cut, shape, move and join materials like metal and wood. Today, the tools manufactured by companies in this industry are used in almost all sectors of the economy. The total UK market for tools will be worth an estimated £1.37 billion in 2012-13, of which an estimated £806.1 million, or 58.8%, will be satisfied by imports. The UK operations of tool manufacturers are expected to generate revenue of £1.19 billion in 2012-13 (down 0.3% on revenue in 2011-12).
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