Press release
Global Hand Tools Market to Witness a Pronounce Growth During 2023
A hand tool is any tool that is not a power tool – that is, one powered by hand (manual labour) rather than by an engine. Some examples of hand tools are garden forks, secateurs, rakes, hammers, spanners, pliers, screwdrivers and chisels. Hand tools are generally less dangerous than power tools.
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Global Hand Tools Market: Forecast by Type / Application / Region
The global average price of hand tools is in the decreasing trend, from 2203 USD/K Unit in 2012 to 2062 USD/K Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
China region is the largest supplier of hand tools, with a production market share nearly 47% in 2016. North America is the second largest supplier of hand tools, enjoying production market share nearly 22% in 2016.
Over the next five years, LPI(LP Information) projects that Hand Tools will register a 2.9% CAGR in terms of revenue, reach US$ 17100 million by 2023, from US$ 14800 million in 2017.
Global Hand Tools Market: Key Players
Stanley
Apex Tool Group
Great Wall Precision
TTi
Snap-on Inc.
Ideal Industries
Textron
Klein Tools
Wurth Group
Tajima
Knipex
Irwin
PHOENIX
Wiha
Channellock
Pro'skit
Ajay
Akar Tools
JPW Industries
JK Files
DUCK
JETECH
Excelta
Sinotools
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Related Information:
United States Hand Tools Market Research Report 2018
Europe Hand Tools Market Research Report 2018
North America Hand Tools Market Research Report 2018
Asia-Pacific Hand Tools Market Research Report 2018
China Hand Tools Market Research Report 2018
EMEA Hand Tools Market Research Report 2018
Global Hand Tools Market Research Report 2018
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