The modern-day document posted via Report Ocean, titled “Hand Tools Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global hand tools market was valued at $22,200.0 million in 2019, and is projected to reach $30,381.0 million by 2027, registering a CAGR of 4.1% from 2020 to 2027. The hand tools are tools that usually do not use electricity and do not need any motor to operate. The hand tools include hammers, screwdrivers, wrenches, cutters, saw, knives, scissors, clamps, and others. These tools are basic necessities to carry out the smallest of tasks such as plumbing, drilling, cutting, removing, and tightening of screw & nuts. Furthermore, the growth in machinery and equipment manufacturing sectors around the globe offers lucrative growth opportunities for the market players during the forecast period.
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The factors such as rise in recovery in the construction industry and growth in industrialization and urbanization drive the growth of the market. In addition, urban population is projected to rise by 2050; thereby, fueling the demand for hand tools for residential application in the near future. Furthermore, surge in standard of living, particularly in the developing countries empowers DIY culture, which drives the market growth. However, growth in popularity of battery power tools and volatile economic conditions in Latin America are expected to hamper the market growth.
The global hand tools market is classified into type, end user, distribution channel, and region. By type, the market is segmented into wrench, plier, screw drivers, hammers, cable cutter, and others. By end user, the market is categorized into DIY, professional, and industrial. By distribution channel, the market is bifurcated into retail and online.
By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global market during the analysis period due to growth in urbanization and increase in infrastructure investments.
KEY BENEFITS FOR STAKEHOLDERS
– The report provides an extensive analysis of the current and emerging hand tools market trends and dynamics.
– In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
– Extensive analysis of the hand tools market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
– A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
– The global hand tools market forecast analysis from 2020 to 2027 is included in the report.
– The key market players within hand tools market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the hand tools industry.
KEY PLAYERS
– Akar Tools Limited
– Snap-On Incorporated.
– Stanley Black and Decker
– Techtronic Industries Co. Ltd.
– Wera Tools
– Apex Tool Group
– Klein Tools Inc.
– Channellock, Inc.
– JCBL India
– Emerson Electric Co.
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GLOBAL HAND TOOLS MARKET SEGMENTS
BY TYPE
– Wrench
– Plier
– Screw Drivers
– Hammers
– Cable Cutter
– Others
BY END USER
– DIY
– Professional
– Industrial
BY DISTRIBUTION CHANNEL
– Retail
– Online
BY REGION
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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