Press release
Hand Tools Market Is Expected to Exhibit Significant Growth Over 2031 Apex Tool Group, LLC, Channellock, Inc., Emerson Electric Co.
They are extensively sold by large distributors whereas the DIY retail chains, and e-retailing are gaining momentum in recent years. The growth in Li-ion battery tools is estimated to be a major threat to the hand tools market as they provide enhanced convenience and ergonomics. However, the development of precision hand tools, the demand-supply gap for power tools in the heavy-duty segment, and low-cost labor in the growing economies of Asia-Pacific and Latin America are driving the momentum for hand tools.
Further, due to the onset of the COVID-19 pandemic, the hand tools market suffered a hefty downfall. The imposition of lockdown in nearly all of the countries resulted in a decline in the demand for hand tools, as most of the commercial and industrial activities stopped. However, in the last quarter of 2020, most of the countries have eased up on lockdown guidelines and the commercial and industrial activities have resumed, which will result in the hand tools industry gaining gradual momentum.
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Hand Tools Market Segmentation
By Tool Type
General Purpose Tools
Hammers
Clamps and Vises
Pliers
Ratchets and Sockets
Riveters
Screwdrivers and Nut Drivers
Wrecking Bars
Wrenches
Cutting Tools
Chisel and Files
Cable and Wire Cutting Tools
Knives and Blades
Saws
Layout and Measuring Tools
Plumb Bob
Try Square
Taps and Dies
By End-User
Commercial
Industrial
Residential
A full Report of Hand Tools Market is Available @ https://www.omrglobal.com/industry-reports/hand-tools-market
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Company Profiles
Apex Tool Group, LLC
Channellock, Inc.
Emerson Electric Co.
Estwing Manufacturing Co., Inc.
Gray Tools Canada, Inc.
Ideal Industries, Inc.
JCBL Group
JK Files (India),Ltd.
Kennametal, Inc.
Klein Tools, Inc.
KNIPEX
Leatherman Tool Group, Inc.
Phoenix Contact USA
Robert Bosch GmbH
Snap-on,Inc.
Stanley Black & Decker, Inc.
Techtronic Industries Co. Ltd.
The Würth Group
WeraWerkzeuge GmbH
Wiha Tools USA
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