Press release
Hand Tools Market 2023 | Worth US$ 32.1 Billion by 2028
What is the Market for Hand tools ? :The latest research study "Hand Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The global hand tools market size reached US$ 24.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Hand Tools Market Uses:
Hand tools represent a set of manually operated, indispensable power equipment and devices that are not powered by motors, electricity, or other energy sources. Usually manufactured from the heat and forging treatment techniques, commonly used hand tools include wrenches, cable cutters, knives, hammers, scissors, screwdrivers, pliers, saws, clamps, and drills. These devices are mainly classified into laying, striking, metal cutting, holding, sharpening, and grinding equipment categories. Hand tools assist in shaping the object into the desired form by relying on mechanical strength and performing various manual operations, such as filing, chopping, forging, and sawing. In addition, these devices are compact, cost-effective, and lightweight, owing to which they find extensive application in several industries.
Request a Free Sample Brochure: https://www.imarcgroup.com/hand-tools-market/requestsample
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
• Channellock Inc
• Emerson Electric Co
• Ideal Industries Inc
• Ingersoll Rand
• Klein Tools Inc
• Martin Sprocket & Gear Inc
• Snap-on Incorporated
• Stanley Black & Decker Inc
• Tapariatools
• Techtronic Industries Co. Ltd
• TOYA S.A
Hand Tools Market Development and Growth:
The escalating number of construction activities and the rising need for repair and maintenance operations across establishments are primarily driving the hand tools market. In line with this, the emerging trend of urbanization, especially in the emerging economies, and the launch of various policies by the government bodies to promote infrastructure development, including roads, airports, and energy utilities, are further augmenting the market growth. Moreover, the continuous technological advancements and the introduction of effective and contemporary hand tool kits with rust preventive coatings are also catalyzing the global market. Apart from this, the elevating requirement for portable and lightweight equipment for repairing automobiles and the growing popularity of do-it-yourself (DIY) practices are acting as significant growth-inducing factors. Furthermore, the strategic collaborations among the leading players for manufacturing multi-functional devices that enable a single instrument to perform several operations and the easy product availability via various distribution channels are expected to bolster the hand tools market in the coming years.
Browse Full Report With TOC: https://www.imarcgroup.com/hand-tools-market
Key Market Segmentation:
Breakup by Type:
• Wrench
• Plier
• Screw Drivers
• Hammers
• Cable Cutter
• Others
Breakup by Distribution Channel:
• Offline
• Online
Breakup by End User:
• DIY
• Commercial
• Industrial
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse More Research Reports:
• https://www.digitaljournal.com/pr/news/global-agritourism-market-industry-trends-and-forecast-to-2023-2028
• https://www.digitaljournal.com/pr/news/baby-apparel-market-trends-scope-demand-opportunity-and-forecast-by-2023-2028
• https://www.digitaljournal.com/pr/news/esim-market-2023-2028-top-companies-new-technology-demand-and-opportunity-by-imarc-group
• https://www.digitaljournal.com/pr/news/2023-e-commerce-logistics-market-trends-size-share-and-forecast-by-2028
• https://www.digitaljournal.com/pr/news/2023-lingerie-market-global-sales-analysis-and-opportunity-2028
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hand Tools Market 2023 | Worth US$ 32.1 Billion by 2028 here
News-ID: 2978008 • Views: …
More Releases from IMACR Group
Vietnam A2 Milk Market Outlook: Trends, Growth, and Future Opportunities 2025-20 …
Vietnam A2 Milk Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 77.00 Million
Market Forecast in 2033: USD 273.18 Million
Market Growth Rate (2025-33): 13.50%
The Vietnam A2 milk market size reached USD 77.00 Million in 2024. Looking forward, the market is projected to reach USD 273.18 Million by 2033, exhibiting a growth rate (CAGR) of 13.50% during 2025-2033. The market is growing steadily, driven by increasing consumer awareness…
Organ Preservation Market Predicted to Exceed USD 320.40 Million by 2033, Rising …
Market Overview:
According to IMARC Group's latest research publication, "Organ Preservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the global organ preservation market size reached USD 198.87 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 320.40 Million by 2033, exhibiting a growth rate (CAGR) of 5.39% during 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and…
South Korea Meat Market Size to Hit USD 49.0 Billion by 2033: Trends & Forecast
IMARC Group has recently released a new research study titled "South Korea Meat Market Report by Product (Chicken, Beef, Pork, Mutton, and Others), Type (Raw, Processed), Distribution Channel (Supermarkets and Hypermarkets, Departmental Stores, Specialty Stores, Online Stores, and Others), and Region 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Meat Market Overview
The South…
South Korea Mobile Payment Market is Booming and Expected to Hit USD 191.1 Billi …
IMARC Group has recently released a new research study titled "South Korea Mobile Payment Market Report by Payment Type (Proximity Payment, Remote Payment), Application (Entertainment, Energy and Utilities, Healthcare, Retail, Hospitality and Transportation, and Others), and Region 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Mobile Payment Market Overview
The South Korea mobile payment…
More Releases for Hand
Sustained Increase In Hand Washing Fuels Demand For Hand Creams And Lotions Driv …
What Are the Projected Growth and Market Size Trends for the Hand Cream and Hand Lotion Market?
The market size for hand cream and hand lotion has experienced robust growth in the past few years. Its expansion is set to continue, with projections showing an increase from $7.8 billion in 2024 to $8.53 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.4%. This historic development was catalyzed by…
Sustained Increase In Hand Washing Fuels Demand For Hand Creams And Lotions Driv …
What Are the Projected Growth and Market Size Trends for the Hand Cream and Hand Lotion Market?
The market size for hand cream and hand lotion has experienced robust growth in the past few years. Its expansion is set to continue, with projections showing an increase from $7.8 billion in 2024 to $8.53 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.4%. This historic development was catalyzed by…
Nooro Hand Massager Reviews - "I've Tested" Best Hand Massager!
You have most likely heard a lot about foot or knee massagers before, but not hand massagers. Hand pain can result from repetitive strain as well as other ailments affecting the knee and ankle joints. The majority of our daily duties are frequently performed with our hands, particularly by those in occupations like engineering, cooking, and piano-playing.
=> 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝗧𝗼 𝗦𝗵𝗼𝗽 𝗡𝗼𝘄 𝟱𝟬%𝗢𝗙𝗙: - https://bit.ly/491Lj7D
Many people find that this constant…
Nooro Hand Massager Reviews: Breakthrough Solution for Hand Arthritis
Nooro Hand Massager Reviews: Breakthrough Solution for Hand Arthritis
Introducing the Nooro Hand Massager
Overall, Nooro Hand Massager has an impressive rating of 4.98 stars out of 5 on the official website, with 100% of customers giving the product a 4.5star or 5-star rating (95% 5-star reviews and 5% 4-star reviews) on the Nooro Hand Massager Trustpilot In The Canada and United States of America.
In the realm of modern wellness technology, the…
Photography and Time Management Go Hand in Hand
May 11, 2022 - Delafield: Did you know that only about 18% of people have a time management system that works?
Although it is easier said than done, learning to manage your time can be a life-changing skill. Time management goes far beyond writing down a to-do list and checking off items. To fully master the concept, you have to prioritize, schedule, and set goals.
Figuring out an approach to improve…
World Hand Hygiene Day 2020 - Electric Hand Drying Provides Solutions
To mark WHO's World Day of Hand Hygiene (5th May 2020), the electric Handdryer Association (eHA), the official body that represents the global hand dryer industry, shares its key facts to help the public understand the importance of thorough hand drying as part of the hand washing process - particularly during the pandemic. Correct hand hygiene safes lives.
Many times, during the last months, it has been shown that hygienic hands…
