Hand Tools Market to Hit 3.8% to 2021: Growth Analysis, Company Profiles & Trends

This New Version Global Hand Tools Market Research Report is a deep market research report in this MarketSizeForecasters. Report focused on global and regional market, major manufacturers, as well as the segment market details on different classifications and applications. First, this report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy and news.

The Report Announces the Publication of its Research Report – Global Hand Tools Market 2017-2021

Marketsizeforecasters.com adds new global hand tools market report that lists top active companies as Channellock, Craftsman-Sears Brands, Klein Tools, Snap-on, and Stanley Black & Decker.

Global Hand Tools Market Other Prominent Vendors in the market are: Akar Tools, Alltrade Tools, Apex Tool Group, Daniels Manufacturing, Del City, and Irwin Tool.

The Report analysts forecast the global hand tools market to grow at a CAGR of 3.8% during the period 2017-2021.

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Commenting on the Global Hand Tools Market report, an analyst said: One of the major factors contributing to the growth of the global hand tools market is the vigorous growth of the home improvement segment. The home improvement market is highly fragmented, and this provides manufacturers with huge opportunities to explore the market opportunities. Customization of products is a popular approach as customer demands are changing with changing consumer spending habits. This plays an important role in the growth of the DIY market. The growth potential of the DIY market is high in the home improvement segment as it gives homeowners the opportunity to customize their houses according to their preferences.

According to the Global Hand Tools Market report, one of the major drivers for this market is rise in DIY activities. DIY home improvement activities constitute the largest market in the global DIY market. Home improvement involves renovating or remodeling houses. Although the practice of DIY is quite common in the Europe and America, the market is slowly picking up in the emerging regions such as APAC and MEA. In Europe, DIY is widely practiced across the region.

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Further, the Global Hand Tools Market report states that one of the major factors hindering the growth of this market is competition from substitute products. The growing demand for power tools can be a major challenge for the global hand tools market. Since power tools help in time saving and reduced manual labor effort, many consumers prefer power tools over hand tools.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The Global Hand Tools Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Browse full table of contents and data tables For Global Hand Tools Market Report @ https://marketsizeforecasters.com/global-hand-tools-market

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https://marketsizeforecasters.com/world-diamond-tools-market

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