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