|01-28-2019 11:13 AM CET - Advertising, Media Consulting, Marketing Research||
Hand Tool Market is expected to register a CAGR of 4.1% during the forecast period to 2024 | Fehr Bros, Kora Amruta, Truper, Ikea
Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
HTF MI recently Announced Global Hand Tool study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on "Hand Tool. Global Hand Tool research allows you to get different methods for maximizing your profit. The research study provides estimates for Global Hand Tool Forecast till 2025*. Some of the Leading key Company’s Covered for this Research are Akar Tools Ltd. (India), Apex Tool Group (United States), Snap-on (United States), Stanley Black & Decker (United States), Techtronic Industries (Hong Kong), Fehr Bros Industries Inc. (United States), SGS Tool Company (United States), Kora Amruta Industries (India), Ikea (Netherland), Truper (Mexico) and Stanley Black & Decker (United States) etc.
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A hand tool is one of the key components which is powered by hand rather than motor. These tools are primarily used in the manufacturing of robots, electric vehicles, locomotives, home appliances and various light & heavy duty machinery as well. Continuous incorporation of modern machinery in the agriculture industry, household and others especially in the developing countries, is significantly catalyzing the market growth. The market for Hand Tool is expected to register a CAGR of 4.1% during the forecast period to 2024. This growth is primarily driven by Increasing industrialization and urbanization across the globe and Mounting automotive maintenance and repair activities.
Globally, a noticeable market trend is evident Increasing online distribution of hand tools and Integration of technological advancement tools. The Machinery & Equipment sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Global Hand Tool Research for a Leading company is an intelligent process of gathering and analyzing the numerical data related to services and products. This Research Give idea to aims at your targeted customer’s understanding, needs and wants. Also, reveals how effectively a company can meet their requirements. The market research collects data about the customers, marketing strategy, competitors. The Hand Tool Manufacturing industry is becoming increasingly dynamic and innovative, with more number of private players entering the industry.
Important Features that are under offering & key highlights of the report:
1) Who are the Leading Key Company in Global Hand Tool market space?
Following are list of players that are currently profiled in the report "Akar Tools Ltd. (India), Apex Tool Group (United States), Snap-on (United States), Stanley Black & Decker (United States), Techtronic Industries (Hong Kong), Fehr Bros Industries Inc. (United States), SGS Tool Company (United States), Kora Amruta Industries (India), Ikea (Netherland), Truper (Mexico) and Stanley Black & Decker (United States) etc"
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
2) What will the market size be in 2025 and what will the growth rate be?
In 2019, the Global Hand Tool market size was xx million USD and it is expected to reach USD xx million by the end of 2025, with a CAGR of xx% during 2019-2025.
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
To comprehend Global Hand Tool market dynamics in the world mainly, the worldwide Hand Tool market is analyzed across major regions. HTF MI also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: UK, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
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The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as Akar Tools Ltd. (India), Apex Tool Group (United States), Snap-on (United States), Stanley Black & Decker (United States), Techtronic Industries (Hong Kong), Fehr Bros Industries Inc. (United States), SGS Tool Company (United States), Kora Amruta Industries (India), Ikea (Netherland), Truper (Mexico) and Stanley Black & Decker (United States) etc includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.
Research Parameter/ Research Methodology
The primary sources involves the industry experts from the Global Hand Tool industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – industry experts such as CEOs, vice presidents, marketing director, technology & innovation directors, founders and related key executives from various key companies and organizations in the Global Hand Tool in the industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.
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In this study, the years considered to estimate the market size of Global Hand Tool are as follows:
History Year: 2013-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Key Stakeholders in Global Hand Tool Market:
Global Hand Tool Manufacturers
Global Hand Tool Distributors/Traders/Wholesalers
Global Hand Tool Subcomponent Manufacturers
**Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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