Press release
Hand Tools Market to Reach over USD 30 Billion by 2025 – Arizton
The global hand tools market by revenue is expected to grow at a CAGR of over 4% during the period 2019–2025.The global hand tools market is expected to grow 1.3X times during the forecast period. The market is expected to witness a considerable growth post-2020. Rapid industrialization and increasing applications in household and commercial sectors are primarily driving the market. Automobile, aerospace, construction, electronics, and shipbuilding are the major end-use of these devices. The tool industry landscape is moving toward sophistication and customization that can determine market leadership in a competitive scenario. Advancements in technology and the extensive usage of battery-driven devices have fueled the adoption of cordless power tools and related accessories that are light and durable.
The following factors are likely to contribute to the growth of the hand tools market during the forecast period:
• Rise in Home Improvement and DIY Activities
• High Prominence in Asian Manufacturing Sites
• Growth in Timber Construction
• Growth in Application of Fasteners
The study considers the present scenario of the hand tools market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
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Hand Tools Market – Vendor Profiles
Prominent Vendors
• Stanley Black & Decker
• Techtronic Industries Company
• Snap-on
• Apex Tool Group
• Emerson
Other Prominent Vendors
• Robert Bosch GmbH
• Ajay Group
• Akar Tools Ltd.
• Bojo
• Channellock
• Daniels Manufacturing Company
• Estwing
• Gray Tools Canada
• Honiton
• IDEAL INDUSTRIES
• JCBL India
• JK Files India
• Kennametal
• Klein Tools
• KNIPEX
• Kobalt
• Leatherman
• Lowell Corporation
• Mac Tools
• Ningbo Great Wall Precision Industrial Co. Ltd.
• PHOENIX CONTACT
• PILANA
• Stiletto
• Tajima
• Vaughan Manufacturing
• Wera Tools
• Wiha Tools Ltd.
• Wurth
Hand Tools Market – Segmentation
Segmentation by Product Type
• General Purpose
o Wrenches
o Screwdrivers & Nut Drivers
o Pilers
o Hammers
o Riveters
o Clamps & Vises
o Wrecking Bars
o Ratchets & Sockets
• Cutting
o Chisel & Files
o Saws
o Knives & Blades
o Cable & Wire Cutting Tools
• Layout & Measuring
• Taps & Dies
Segmentation by End-users
• Industrial
o Automotive
o Aerospace
o Electronics
o Energy
o Constructions
o Shipbuilding
o Others
• Commercial
• Residential
Segmentation by Geography
• North America
o US
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
• APAC
o China
o Japan
o South Korea
o Australia
o India
• Latin America
o Brazil
o Mexico
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Turkey
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Hand Tools Market – Table of Contents
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation by Tool Type
4.3.2 Market Segmentation by End-user
4.3.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 COVID-19 Impact
8 Market Opportunities & Trends
8.1 Rising Home Improvement &Diy Activities
8.2 Rising Prominence Of Asian Manufacturing
8.3 Rising Timber Construction
9 Market Growth Enablers
9.1 Growth In Application Of Fasteners
9.2 Low-Cost Labor In Growing Economies
9.3 Growth Of Automotive Aftermarket Industry
10 Market Restraints
10.1 Growth Of Power Tools Market
10.2 Tool Safety & Risk Exposure
11 Market Landscape
11.1 Overview
11.2 Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat Of New Entrants
11.3.2 Bargaining Power Of Suppliers
11.3.3 Bargaining Power Of Buyers
11.3.4 Threat Of Substitutes
11.3.5 Competitive Rivalry
12 Hand Tools Market by Tool Type
12.1 Snapshot & Growth Engine
12.2 Overview
13 General Purpose Tools
13.1 Snapshot & Growth Engine
13.2 Overview
13.2.1 Market Size & Forecast
13.2.2 By Geography
13.3 Wrenches
13.3.1 Size & Forecast
13.3.2 By Geography
13.4 Screwdrivers & Nut Drivers
13.4.1 Size & Forecast
13.4.2 By Geography
13.5 Pliers
13.5.1 Size & Forecast
13.5.2 By Geography
13.6 Hammers
13.6.1 Size & Forecast
13.6.2 By Geography
13.7 Riveters
13.7.1 Size & Forecast
13.7.2 By Geography
13.8 Clamps & Vises
13.8.1 Size & Forecast
13.8.2 By Geography
13.9 Wrecking Bars
13.9.1 Size & Forecast
13.9.2 By Geography
13.10 Ratchets & Sockets
13.10.1 Size & Forecast
13.10.2 By Geography
14 Cutting Tools
14.1 Snapshot & Growth Engine
14.2 Overview
14.2.1 Size & Forecast
14.2.2 By Geography
14.3 Chisel & Files
14.3.1 Size & Forecast
14.3.2 By Geography
14.4 Saws
14.4.1 Size & Forecast
14.4.2 By Geography
14.5 Knives & Blades
14.5.1 Size & Forecast
14.5.2 By Geography
14.6 Cable & Wire Cutting Tools
14.6.1 Size & Forecast
14.6.2 By Geography
15 Layout & Measuring Tools
15.1 Overview
15.1.1 Size & Forecast
15.1.2 By Geography
16 Taps & Dies
16.1 Overview
16.1.1 Size & Forecast
16.1.2 By Geography
17 Hand Tools Market byEnd-User
17.1 Snapshot & Growth Engine
17.2 Overview
18 Industrial
18.1 Snapshot & Growth Engine
18.2 Overview
18.2.1 Size & Forecast
18.2.2 By Geography
18.4 Construction
18.4.1 Size & Forecast
18.4.2 By Geography
18.5 Automotive
18.5.1 Size & Forecast
18.5.2 By Geography
18.6 Aerospace
18.6.1 Size & Forecast
18.6.2 By Geography
18.7 Electronics
18.7.1 Size & Forecast
18.7.2 By Geography
18.8 Energy
18.8.1 Size & Forecast
18.8.2 By Geography
18.9 Shipbuilding
18.9.1 Size & Forecast
18.9.2 By Geography
18.1 Others
18.10.1 Size & Forecast
18.10.2 By Geography
19 Commercial
19.1 Overview
19.1.1 Size & Forecast
19.1.2 By Geography
20 Residential
20.1 Overview
20.1.1 Size & Forecast
20.1.2 By Geography
21 Geography
21.1 Snapshot & Growth Engine
21.2 Geographic Overview
22 APAC
22.1 Overview
22.2 Size & Forecast
22.3 Tool Type
22.3.1 Size & Forecast
22.4 END-USER
22.4.1 Size & Forecast
22.5 Key Countries
22.5.1 China: Hand Tools Market Size & Forecast
22.5.2 India: Size & Forecast
22.5.3 Japan: Size & Forecast
22.5.4 South Korea:Hand Tools MarketSize & Forecast
22.5.5 Australia: Size & Forecast
23 North America
23.1 Overview
23.2 Size & Forecast
23.3 Tool Type
23.3.1 Size & Forecast
23.4 End User
23.4.1 Market Size & Forecast
23.5 Key Countries
23.5.1 US:Hand Tools MarketSize & Forecast
23.5.2 Canada: Size & Forecast
24 Europe
24.1 Overview
24.2 Size & Forecast
24.3 Tool Type
24.3.1 Size & Forecast
24.4 End User
24.4.1 Size & Forecast
24.5 Key Countries
24.5.1 UK: Hand Tools MarketSize & Forecast
24.5.2 Germany: Size & Forecast
24.5.3 France: Size & Forecast
24.5.4 Spain: Hand Tools MarketSize & Forecast
24.5.5 Italy: Size & Forecast
25 Latin America
25.1 Overview
25.2 Size & Forecast
25.3 Tool Type
25.3.1 Size & Forecast
25.4 End User
25.4.1 Size & Forecast
25.5 Key Countries
25.5.1 Brazil:Hand Tools MarketSize & Forecast
25.5.2 Mexico: Size & Forecast
26 Middle East & Africa
26.1 Market Overview
26.2 Size & Forecast
26.3 Tool Type
26.3.1 Size & Forecast
26.4 End User
26.4.1 Size & Forecast
26.5 Key Countries
26.5.1 South Africa: Hand Tools MarketSize & Forecast
26.5.2 Saudi Arabia: Size & Forecast
26.5.3 UAE:Hand Tools MarketSize & Forecast
26.5.4 Turkey: Size & Forecast
Looking for more information? Click Here https://www.arizton.com/market-reports/hand-tools-market-size-analysis
About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707
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