Press release
US Hand Tools Market Share, Trends, Size, Research and Forecast 2020-2026
The US hand tools market is estimated to exhibit a CAGR of 2.2% during the forecast period (2020-2026). The DIY and home improvement market in the country is significant and is expected to witness slow and steady growth due to the penetration of e-commerce websites, availability of large DIY stores in the country, increased household spending, and rising labor costs. However, the rising adoption of cordless power tools like jigsaws, heat guns, dust extractors, and fastening tools might hamper the growth of hand tools during the forecast period.A full report of US Hand Tools Market is available at: https://www.omrglobal.com/industry-reports/us-hand-tools-market
Owing to the growing economic development, public and private construction sites have risen in recent years. The construction industry in the US is expected to revive post-2021 following the global COVID-19 pandemic and its aftereffects. The construction industry in the US is also expected to reach over $1.4 trillion by the end of 2024, which can substantially support the growth of hand tools as well. Due to the increased number of flooring and roofs in the country, construction professionals greatly rely on tools like hammers, drivers, and saws which supports them in welding roofing materials and install flooring.
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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
• Country Covered- US
• Competitive Landscape- Apex Tool Group, LLC; Channellock, Inc.; Emerson Electric Co.; Snap-on, Inc.; and Stanley Black & Decker, Inc.
Key questions addressed by the report
• What is the market growth rate?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
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US Hand Tools Market Report Segment
By Tool Type
• General Purpose Tools
o Hammers
o Clamps and Vises
o Pliers
o Ratchets and Sockets
o Riveters
o Screwdrivers and Nut Drivers
o Wrecking Bars
o Wrenches
• Cutting Tools
o Chisel and Files
o Cable and Wire Cutting Tools
o Knives and Blades
o Saws
• Layout and Measuring Tools
o Plumb Bob
o Try Square
• Taps and Dies
By End-User
• Commercial
• Industrial
• Residential
Company Profiles
• Apex Tool Group, LLC
• BOJO INC.
• Channellock, Inc.
• Daniels Manufacturing Corp.
• Emerson Electric Co.
• Estwing Manufacturing Co., Inc.
• IDEAL INDUSTRIES, INC.
• Kennametal Inc.
• Klein Tools, Inc.
• Leatherman Tool Group, Inc.
• Lowell Corp.
• Snap-on, Inc.
• Stanley Black & Decker, Inc.
• Stiletto Tools
• Vaughan Manufacturing
• Wiha Tools, USA
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.
For More Information, Visit https://www.omrglobal.com
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