U.S. hand tools market is expected to reach $6.35 billion by 2027 from $5.25 billion in 2022.

According to Arizton's latest research report, the U.S. hand tools market is expected to grow at a CAGR of 3.59% during the forecast period. The United States has one of the world's largest automotive markets. The rising demand for automobiles creates promising opportunities for vendors in the US hand tool market. Furthermore, as competition intensifies among several OEMs in developing economies, vendors have pushed themselves toward product differentiation. These developments in the automotive sector will drive the consumption of hand tools in the region.

One of the fastest-growing technologies for green energy is wind power. Most Americans continue to support expanding solar panel farms and wind turbine farms. The demand for electricity generated by harnessing wind is on the rise, partly because of the decreasing prices of wind turbine installations. Thus, investments in wind power installations are expected to boost the demand for hand tools.

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One of the fastest-growing technologies for green energy is wind power. Most Americans continue to support expanding solar panel and wind turbine farms. The demand for electricity generated by harnessing wind is on the rise, partly because of the decreasing prices of wind turbine installations. The requirement of a mandatory power source for corded tools also adds to the growth and demand for cordless hand tools. Hand tools are one of the major components required for the assembly and maintenance of solar units and wind turbine installations. The drive toward more carbon-free power generation means that wind turbine manufacturers, installers, and maintenance crews will witness an increasing workload and a growing need for hand tools and equipment.

What are the Strategies Adopted by the Vendors to Cop-Up the Competitive Market?

The US hand tools market is characterized by low market concentration and high competition among the major players. The present scenario is driving vendors to alter and refine their unique value propositions to achieve a strong market presence. The market is characterized by the presence of diversified global and regional vendors. As international players increase their footprint in the market, regional vendors are likely to find it increasingly difficult to compete with these global players.

Brands like Stanley Black & Decker are recognized for their industry-leading fastening solutions. The company acquired Consolidated Aerospace Manufacturing LLC (CAM), enabling better support for aerospace consumers. These hand tools, fasteners, and accessories are used in aviation, aerospace, and spacecraft, making them one of the most dominant players in the industry. Vendors are customizing their tools for home improvement activities in response to the rise of DIY culture and the demand for more user-friendly tools. Consequently, cutters, pliers, and fastening tools from TTI and Stanley Black & Decker are being designed for DIY enthusiasts.

Key Vendors

Stanley Black & Decker

Techtronic Industries Company

Snap-on

Apex Tool Group

Emerson

Other Prominent Vendors

Robert Bosch GmbH

Klein Tools

JCBL India

Channellock

Kennametal

IDEAL INDUSTRIES

Leatherman

Ningbo Great Wall Precision Industrial

PILANINA

Wurth

Tajima

PHOENIX CONTACT

Stiletto

Vaughan Manufacturing

Estwing

Lowell Corporation

Bojo

Wiha

Daniels Manufacturing Company

Mac Tools

Market Segmentation

Tool Type

General Purpose Tools

Pilers

Wrenches

Screwdrivers & Nutdrivers

Hammers

Wrecking Bars

Riveters

Clamps & Vises

Rachets & Sockets

Cutting Tools

Saws

Chisel & Files

Knives & Blades

Cable & Wire Cutting Tools

Taps & Dies and Layout & Measuring Tools

End-User

Industrial

Construction

Automotive

Aerospace

Electronics

Energy

Shipbuilding

Others

Commercial

Residential

Geography

US

South

West

Northeast

Midwest

To know more: https://www.arizton.com/market-reports/us-hand-tools-market

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