Press release
Mechanical Hand Tools Market 2018 Industry Trends, Leading Players - Robert Bosch Tool, Stanley Black & Decker, Snap-on, TOYA SA, Metabowerke GmbH, Hilti
Mechanical Hand Tools Market
Mechanical Hand Tools Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Mechanical Hand Tools Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Mechanical Hand Tools Market, By Type (Hand Service Tools, Edge Tools, Hand Saw And Others), By Application (Construction Industry, Decoration Industry, And Household Application), And Region - Forecast 2017-2023.
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Global Mechanical Hand Tools Market:
The Mechanical Hand Tools are used across various verticals such as industrial, household, construction and professional. The construction sector is the largest user of these tools, generating a huge demand for the tools. The market perceives huge demand from the industrial sector as well. In the recent years, owing to the resurging construction industry & growing industrialization worldwide, the Mechanical Hand Tools market is pervasively increasing.
Acknowledging the prominence and the value this market is garnering currently and the growth prospect the market is demonstrating worldwide, Market Research Future (MRFR), has recently published a brilliant study report giving out the complete market insights up till 2023. According to MRFR, the Global Mechanical Hand Tools market is expected to reach USD 20,516.3 Mn. by 2023, registering a CAGR of 3.67% during the review period (2017-2023).
Segmentation of Mechanical Hand Tools Market:
The Global Mechanical Hand Tools Market can be segmented into 3 key dynamics for the convenience of the report and enhanced understanding;
By Product Types: Comprises Hand Service Tools, Edge Tools, and Hand Saw among others.
By Applications: Decoration, Construction, and Household industry among others.
By Regions: North America, Europe, APAC and Rest of the World.
Competitive Analysis of Mechanical Hand Tools Market:
The well-established market of Mechanical Hand Tools is fiercely competitive. A number of key players along with the new entrants form a competitive landscape of the global market. These players in order to maintain their market position, incorporate collaboration, partnership, acquisition, expansion and product/ technology launch.
Expansions in the growing market help the established key players to extend their sales networks. Matured players strive to develop ergonomic products. Those well-established players also focus on expanding their product portfolio by developing a product with unrivalled design & advent technology.
Innovation/ Industry/Related News:
May 17, 2018 – Atlas Pressed Metals (US), a manufacturer of powder metallurgy components for lawn and garden, and hand tools industries announced the installation of two additional compaction presses at its manufacturing facility in DuBois (Pennsylvania, USA). The company has also newly installed a 175-ton CNC fully hydraulic Osterwalder press and a Gasbarre 100-ton die set press with two lower and two upper punch capability. The investment in the seven-level press is to expand its capabilities in complex structural parts.
March 20, 2018 – Robert Bosch GmbH (Germany), a leading global engineering and electronics company launched its new pocket chainsaw – EasyCut 12. The mini chainsaw is the most delightful mechanical hand tool existing in the market.
Regional Analysis of Mechanical Hand Tools Market:
North America accounts for the leading market for Mechanical Hand Tools, consuming around 35.3% market share in 2016. The market is anticipated to grow at a substantial value during the forecast period. Factors such as increasing construction projects coupled with the well-defined distribution channel are expected to drive the market in the region. The US among other North American countries accounts for the dominating market occupying the majority of the share.
Asia-Pacific accounted for the second largest market share in 2016, which is expected to expand at a CAGR of 4.00% during forecast period. Factors such as burgeoning construction sector and increasing number of infrastructure development projects across the region and rapid industrialization in the countries like India and China are expected to propel the market in the region. Also, growing trend for DIY activities in the region is also expected to boost the growth of Mechanical Hand Tools market in the region. China accounts for the dominating market in the region followed by India.
Complete Report Details of Mechanical Hand Tools Market@ https://www.marketresearchfuture.com/reports/mechanical-hand-tools-market-3602
Table of Contents
1 EXECUTIVE SUMMARY
2 INTRODUCTION
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 GLOBAL MECHANICAL HAND TOOLS MARKET, BY TYPE
7 GLOBAL MECHANICAL HAND TOOLS MARKET, BY APPLICATION
8 GLOBAL MECHANICAL HAND TOOLS MARKET, BY REGION
9 COMPETITIVE SCENARIO
10 COMPANY PROFILES
11 CONCLUSION
12 LIST OF TABLES
13 LIST OF FIGURES
Continued…….
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.
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Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
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+1 646 845 9312
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