The growing number of new construction and renovation activities is projected to drive the Hand Tools Market

The research report "Hand Tools Market: By Type (Wrench, Plier, Screw Drivers, Hammers, Cable Cutter, Others), By Distribution Channel (In-Store, Online), By End User (DIY, Commercial, Industrial) and Geography- Global/Region/Country Forecast to 2028." The global hand tools market size is valued at USD 17,503.8 million in 2021 and is anticipated to grow at a significant CAGR rate of 4.7% during the forecast period 2022-2028.

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Increase in the global industrial expansion is estimated to bolster the Hand Tools Market:
The hand tools market report tracks recent innovations, key developments, and start-up details that are actively working in the market. The hand tools market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario. This market report covers in-detail insights about the competitor's overview, company share analysis, major innovations and their key strategies. The market report provides granular level information regarding the market size and regional market share

The global market aims at providing a comprehensive overview on the hand tools market which can be classified on the basis of Distribution Channel, End User and Type. The hand tools market has been classified into different sectors such as Cable Cutter, Screw Drivers, General Wrench, Plier, Hammers and Others on the basis of type. Among these sectors, the wrench sector is likely to be the rapidly-growing and biggest sector. The hand tools market is categorized into different segments such as in-store, and online based on the distribution channel. The online segment among other segments is expected to witness the fastest-growing market during the forecast period 2022-2028. The hand tools market is classified into different segments such as DIY, Commercial, and Industrial on the basis of end user. Among these segments, the DIY segment witnesses the largest share in 2021and the commercial is the second-largest share during the forecast period 2021-2028 according to precision business insights.

The growing number of new construction and renovation activities and the increasing global industrial expansion are anticipated to boost the global hand tools market growth over the future period.

North America accounted for major share in the Hand Tools Market:
The hand tools market report gives complete outlook around the region with special emphasis on the major regions such as Asia Pacific, Latin America, Middle East, North America, Europe and Africa. Among other regions, North America market is anticipated to witness the highest market share during the estimation time span.

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Competitive Analysis - Hand Tools Market:
A few major players working in the hand tools market are Techtronic Industries Co. Ltd., Apex Tool Group,, Klein Tools Inc., Channellock, Inc. and Emerson Electric Co. Klein Tools, Inc. launched the Fallen Lineman Tribute Knife, a limited-edition knife honoring the lives of fallen electrical line workers in March 2021. Key players in the market focus on adopting major strategies to enhance their product portfolio.

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