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Global Household & DIY Hand Tools Market Overview, Opportunities, Trends and Forecast till 2026 | Apex Tools Group, Akar Tools Ltd., JK Files (India) Limited, Channellock, Inc., Klein Tools, Kennametal Inc., Snap-On, Wera Tools, and Stanley Black Decker

08-06-2018 10:03 AM CET | Industry, Real Estate & Construction

Press release from: MRRSE.com

MRRSE

MRRSE

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Household & DIY Hand Tools Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Household & DIY Hand Tools Market have been elaborated upon in the research report.

Request Free Sample on Household & DIY Hand Tools Market Research Report @ https://www.mrrse.com/sample/4385

Increasing inclination of consumers towards the DIY approach has driven the demand for tools that can help them execute household repairs and works on their own. Available at cheap prices, a wide range of household & DIY hand tools can facilitate several purposes of undertaking common household fixtures and upkeeps. However, growing use of power tools is observed as a key deterrent for the adoption of household & DIY hand tools market. Availability of power tools at affordable prices continues to divert consumers from purchasing household & DIY hand tools.

The global household & DIY hand tools market has assessed such key impediments for the market’s growth over the forecast period, 2017-2026. The report projects that the global household & DIY hand tools market will register moderate growth during the forecast period, reflecting a value CAGR of 4%. The report further reveals that by the end of 2026, global sales of household & DIY hand tools bring in revenues worth over US$ 9.1 Bn.

General Purpose Tools to Register Highest Demand, followed by Taps and Dies

The report projects that the demand for general purpose tools will remain high throughout the forecast period. In 2017, sales of general purpose tools accounted for a global market value share of nearly 60%. The report also revealed that the demand for general purpose tools will continue to gain traction for catering to the common use of household & DIY hand tools among consumers. In addition, taps and dies, tools used to create screw threads, will register a significant growth in terms of adoption. In 2017, nearly US$ 1 Bn worth of taps and dies have been sold in the global household & DIY hand tools market.

Browse Complete Detail on Household & DIY Hand Tools Market Research Report with TOC @ https://www.mrrse.com/household-diy-hand-tools-market

Online Sales of Household & DIY Hand Tools to Register Rampant Growth through 2026

Household & DIY hand tools will be predominantly sold through retail outlets. Live demonstrations and usability tests conducted in retail outlets will factor their significant contribution to the overall sales of household & DIY hand tools. Throughout the forecast period, around two-fifth of household & DIY hand tool sales will be accounted by retail channels. The report further gives insights on the online sales of household & DIY hand tools. Online sales of household & DIY hand tools are poised to register the highest CAGR of 4.5%, and will account for more than one-third share of global market value by the end of 2026.

Leading Manufacturers of Household & DIY Hand Tools

Apex Tools Group, Akar Tools Ltd., JK Files (India) Limited, Channellock, Inc., Klein Tools, Kennametal Inc., Snap-On, Wera Tools, and Stanley Black Decker are the key companies partaking in the expansion of global household & DIY hand tools market. These manufacturers are expected to spearhead the global production of household & DIY hand tools in the years to come. A majority of household & DIY hand tools manufacturers are expected to focus on developing multipurpose tools. However, low profit margins associated with cheap prices and cost-intensive procurement of raw materials will remain key challenges in the global manufacturing landscape for household & DIY hand tools through 2026.

Inquire More about This Report @ https://www.mrrse.com/enquiry/4385

About (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords. 

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

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