Press release
Household Hand Tools 2021 | Extensive Growth | Opportunities | Impact and Precise Outlook 2029 – Stanley Black & Decker, Inc., Apex Tool Group, LLC, Great Wall Precision
Household Hand Tools
Major Key players covered in this report:
Stanley Black & Decker, Inc., Apex Tool Group, LLC, Great Wall Precision, Klein Tools, Inc., Wurth Group, Phoenix Contact GmbH & Co. KG, Channellock, Inc., Akar Tools Limited India, JPW Industries (Inc.), JK Files (India) Limited (Raymond Ltd), JETECH, Excelta Corporation, Sinotools Industrial, Techtronic Industries Co. Ltd., Kennametal Inc., Robert Bosch Tool Corporation
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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Household Hand Tools Market. The researcher provides an extensive analysis of the Household Hand Tools Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the Household Hand Tools market.
By Product Type , , Measuring Tools, Tapes and Dies, Screws and Drill Drivers, Cutting Tools, General Tools, By Distribution Channel, , Specialty Retail Stores, Hypermarkets/Supermarkets, Online Retail
Globally, there is a significant rise in consumer spending on household hand tools for accomplishing the desired aesthetic homes. In line with this, the leading players are designing household hand tools that are not exclusive only to the professionals. In 2018, there was an 18% decline in the labor workforce due to rapid urbanization and higher adoption of advanced tools. The advent of technology has enabled the manufacturing of easy and handy furniture or equipment for households, further propelling growth.
COVID-19 Impact:
The report has been compiled by considering the impact of the COVID-19 pandemic impact. The Household Hand Tools market report has detailed the threats it has created for the market as well as mentioned the key opportunities in the market to get ahead on the growth curve.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Household Hand Tools Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Household Hand Tools Market segments and regions.
The research on the Household Hand Tools Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Household Hand Tools Market on the basis of end user, product type, application, and demography for the forecast period 2021–2029. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and info graphics.
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