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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.

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