openPR Logo
Press release

Hand Tools Market Size, Industry Trends, Share and Forecast 2020-2026

11-20-2020 01:03 PM CET | Health & Medicine

Press release from: Orion Market Research

Hand Tools Market Size, Industry Trends, Share and Forecast

The global hand tools market is estimated to record a substantial CAGR of 2.8% during the forecast period (2020-2026). Hand tools today are highly driven by external factors including the usage environment. The evolution in the segment also happens through technification of its driving force, which is increasingly less dependent on human strength. Further, the current scenario for the tools industry is moving in the direction of greater technification, alongside greater autonomy and the mode of operation. Despite the consistent changes in the tools industry, the four principles of percussion, cutting, leverage, and rotation are set to be a standard in the coming years as well.

A full Report of Hand Tools Market Available at https://www.omrglobal.com/industry-reports/hand-tools-market

The global hand tools market suffered a slowdown on account of the COVID-19 crisis as most of the economic activities were halted in 2020, especially during Q1 and Q2 2020. Most of the major revenue-generating end-users such as construction, automotive, commercial renovation, and home improvement activities were affected, leading to a decline in sales of hand tools. The curfew and lockdown procedures prevented the extensive application of hand tools by workers and contractors, thereby affecting the overall revenue generation for the market during the period. The utilization of hand drills, wrenches, drivers, cutters, and saws, which were considered as the major revenue-generating tools in the market, was potentially reduced during the early part of 2020.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/hand-tools-market

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Tool Type and End-user
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- Apex Tool Group, LLC; Emerson Electric Co.; Snap-on Inc.; Stanley Black & Decker, Inc.; JCBL Group, and Techtronic Industries Co. Ltd.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Hand Tools Market Report Segment

By Tool Type

• General Purpose Tools
• Cutting Tools
• Layout and Measuring Tools
• Taps and Dies

By End-User

• Commercial
• Industrial
• Residential

Global Hand Tools Market Report Segment

North America

• US
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

Company Profiles

• Apex Tool Group, LLC
• Channellock, Inc.
• Emerson Electric Co.
• Estwing Manufacturing Co., Inc.
• Gray Tools Canada, Inc.
• Ideal Industries, Inc.
• JCBL Group
• JK Files (India),Ltd.
• Kennametal, Inc.
• Klein Tools, Inc.
• KNIPEX
• Leatherman Tool Group, Inc.
• Phoenix Contact USA
• Robert Bosch GmbH
• Snap-on,Inc.
• Stanley Black & Decker, Inc.
• Techtronic Industries Co. Ltd.
• The Würth Group
• WeraWerkzeuge GmbH
• Wiha Tools USA

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hand-tools-market

For More Information, Visit https://www.omrglobal.com/
Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hand Tools Market Size, Industry Trends, Share and Forecast 2020-2026 here

News-ID: 2191708 • Views: 347

More Releases from Orion Market Research

3D Motion Capture System Market Trends 2019| Segmentation, Outlook, Industry Rep …
The Global 3D Motion Capture Market was valued at USD 141.7 Million in 2018 and is projected to reach USD 266.4 Million by 2026, growing at a CAGR of 10% from 2019 to 2025. Motion capture (mo-cap) is a technique that digitizes and records human movement patterns for animation purposes in movies or video games. The recorded movement patterns are further mapped into 3D software such as Unity 3D, Maya, Unreal
Global Industrial Robotics Market Size, Industry Trends, Share and Forecast 2019 …
The global industrial robotics market is estimated to grow at a CAGR of around 10% during the forecast period. The rapid technological innovations and advancements along with the decreasing costs are the primary factors that positively affect the growth of the global industrial robotics industry. Whereas, increasing manufacturing requirements are fueling the need for adoption automation, which in turn increases the demand for industrial robotics. In addition, the rising penetration
Global Collective Intelligence Platform Market Size, Share, Analysis, Industry R …
The collective intelligence platform market is projected to grow at a significant CAGR during the forecast period (2019-2025). The increasing traffic on social media platforms is anticipated to be a major factor to drive the global collective intelligence platform market. Nowadays, social media management applications are being increasingly used to get deep insights related to the target audience of businesses. This, in turn, is anticipated to promote the growth of
Japan Silent Heart Attack Market Size, Industry Trends, Share and Forecast 2020- …
Japan silent heart attack market is estimated to grow at a CAGR of around 7.2% during the forecast period. The possibility of a heart attack in the geriatric population is relatively high as compared to the young population. As per the UN, out of the total 126 million population, about 27% population of the country was above 65 years in 2019. It is estimated that the population will reduce to

All 5 Releases


More Releases for Tool

Tool Steel Market
Tool Steel market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market. The report includes the forecasts, analysis and discuion of important industry trends, market size, market share estimates and profiles of the leading industry
Cutting Tool Materials Market
Researchmoz added Most up-to-date research on "Cutting Tool Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its huge collection of research reports. Cutting tools are widely used for machining in the manufacturing and metal processing sectors. These tools are used to cut and resize the workpiece by various processes such as milling, turning, drilling, and grinding. Several materials are available and have specific
Tool classification made easy
ISO 26262 Classification Kit available for MES Model Examiner®. July 4, 2016, Berlin (Germany): The ISO 26262 Classification Kit for MES Model Examiner® is a convenient solution for tool classification developed by the Berlin-based software company Model Engineering Solutions (MES) in cooperation with samoconsult GmbH. The additional component of MES Model Examiner® simplifies safeguarding the software tool in compliance with ISO 26262 and provides an optimal solution to manage guideline checks
Craigslist Posting Tool, Craigslist Tool
People that are often surfing the internet in these financially challenged times, are actually looking for ways to creating a very good and profitable business that will save them from getting a normal job that implies a lot of stress and of course, low payment. If you are new to the online medium and you would love to make a lot of money in no time, you will need a
iPod Recovery Tool Released
Noida, April 30, 2009: Nucleus Data Recovery: a certified name of Data Recovery arena announced the release of Kernel Recovery for iPod: data recovery sofatwre for iPods. Kernel Recovery for iPod of Nucleus Data Recovery is embedded with all those exclusive features and facilities that every user expects from an expert and trusted data recovery software company. This iPod recovery software recovers data from iPods that have become inaccessible due
Vision Helpdesk Launches Migration Tool
TheVisionWorld.com, a helpdesk software provider, today announced a new feature -- "Migration Tool". The company claims that Vision is an extensive web-based help desk software that allows organizations to gain control over their Inbox and offers methods for managing emails, client communication, online issue tracking, knowledgebase, troubleshooting, news, downloads, sla, escalations, reports, etc. The company claims that the migration tool is user-friendly and the extensible migration process ensures reliability and data