openPR Logo
Press release

Global Hand Tools Market projected to expand at a CAGR of 3.5% during 2015 - 2025

03-10-2017 10:55 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Global Hand Tools Market projected to expand at a CAGR of 3.5%

Future Market Insights (FMI) delivers key insights on the global hand tools market in its latest report titled “Hand Tools Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025”.According to the report, the global hand tools market is projected to expand at a CAGR of 3.5% during the forecast period in terms of revenue.

The global hand tools market is segmented on the basis of application, product type, sales channel and region.

By application, the market is sub segmented into industrial and household.

By product type, the market is sub-segmented into general purpose tools, metal cutting tools, layout and measuring tools and taps and dies.

Request Report Sample@

On the basis of sales channel, the key segments include online sales, company direct sales and distributor sales.

Key regions covered in the report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, the Middle East & Africa and Japan.

Factors Driving the Hand Tools Market

Increasing demand for hand tools in the automotive maintenance and repair sector is a major factor driving growth of the market globally. Advancements in technologies used in the production of hand tools and rise in demand for hand-tools as a result of their increasing export are other factors anticipated to fuel growth of the global hand tools market between 2015 and 2025.

Lower profit margin due to intense competition and popularity of power tools could act as restraints for growth of the global hand tools market to a certain extent. Key trend identified in the global hand tools market is foray of multi-functional hand tools and hand tool kits.

Market growth is pronounced in emerging economies of the world (Brazil, GCC, ASEAN, India, Russia and China). Healthy trade relations and government support in these economies are among the major factors boosting rise in the hand tools export-import activities globally.

Send An Enquiry@

From a regional perspective, in 2014, North America was the largest market for hand tools, accounting for 33.2% value share of the global hand tools market. The region continues to dominate the market currently in 2015 and the trend is expected to continue over the forecast period as well. India is projected to play an important role in driving growth of the market due to various factors, such as low labour and operational costs and rapid technological advancements in the country.

From the application perspective, the industrial application segment is projected to expand at the highest CAGR of 3.6% during the forecast period, due to increasing industrialisation, mainly in the emerging regions such as Asia Pacific and the Middle East and Africa.

Key market participants covered in the report include Apex Tool Group, Channellock, Inc., Stanley Black & Decker, Snap-On, Wera Tools, Irwin industrial Tools, Akar Tools Limited, Kennametal Inc., JK Files (India) Limited and Klein Tools.

The report analyses the global hand tools market in terms of value (US$ Mn), by application, product type, sales channel and region, and provides insightful information regarding market dynamics, value chain, competitive landscape, current trends and market estimations and forecast.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

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 Global Hand Tools Market projected to expand at a CAGR of 3.5% during 2015 - 2025 here

News-ID: 464134 • Views: 224

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for Tool

Tool Steel Market
Tool Steel market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market. The report includes the forecasts, analysis and discuion of important industry trends, market size, market share estimates and profiles of the leading industry
Cutting Tool Materials Market
Researchmoz added Most up-to-date research on "Cutting Tool Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its huge collection of research reports. Cutting tools are widely used for machining in the manufacturing and metal processing sectors. These tools are used to cut and resize the workpiece by various processes such as milling, turning, drilling, and grinding. Several materials are available and have specific
Tool classification made easy
ISO 26262 Classification Kit available for MES Model Examiner®. July 4, 2016, Berlin (Germany): The ISO 26262 Classification Kit for MES Model Examiner® is a convenient solution for tool classification developed by the Berlin-based software company Model Engineering Solutions (MES) in cooperation with samoconsult GmbH. The additional component of MES Model Examiner® simplifies safeguarding the software tool in compliance with ISO 26262 and provides an optimal solution to manage guideline checks
Craigslist Posting Tool, Craigslist Tool
People that are often surfing the internet in these financially challenged times, are actually looking for ways to creating a very good and profitable business that will save them from getting a normal job that implies a lot of stress and of course, low payment. If you are new to the online medium and you would love to make a lot of money in no time, you will need a
XClinical introduces eCRF design tool
XClinical introduces ODM Study Composer XClinical GmbH, Munich, Germany – 2 June 2010 – Today XClinical, a European vendor of innovative software products for eClinical trials, announced the introduction of the ODM Study Composer, a validated software tool for accelerating and simplifying the design of case report forms and data validation plan. Alongside its successful EDC System MARVIN, XClinical will now also be providing the ODM Study Composer as an intuitive graphical
iPod Recovery Tool Released
Noida, April 30, 2009: Nucleus Data Recovery: a certified name of Data Recovery arena announced the release of Kernel Recovery for iPod: data recovery sofatwre for iPods. Kernel Recovery for iPod of Nucleus Data Recovery is embedded with all those exclusive features and facilities that every user expects from an expert and trusted data recovery software company. This iPod recovery software recovers data from iPods that have become inaccessible due