Hand Tools Market size was USD 22.29 billion in 2020 and is projected to grow from USD 22.97 billion in 2021 to USD 30.48 billion in 2028 at a CAGR of 4.1% during the 2021-2028 period.
The Hand Tools Market size report considers the micro and macro aspect of all the market forces, which help the companies to adopt the different tactics to propel their market growth and make the important strategic decision of their crucial investment planning. These factors include size, share, growth, market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
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Recent Key Industry Development:
– Techtronic Industries Co. Ltd., a U.S.-based hand tools manufacturer, has finalized a plan to set up a new manufacturing facility in West Bend. The facility will help the manufacturer increase its capacity to develop an enhanced hand-operated tool.
– Great Star USA, which operates as a major player in the market of hand-operated tools catering to professional home use (do it yourself) and industrial applications, has announced the acquisition of SK Professional Tools. With the acquisition, the company is eying on strengthening U.S.-based manufacturing and widening its distribution and sales channel.
Top Hand Tools Market Size Manufacturers covered in the Market Report include:
- Stanley Black & Decker, Inc. (Connecticut, U.S.)
- Knipex (Wuppertal, Germany)
- Klein Tools, Inc. (Illinois, U.S.)
- Wera (Wuppertal, Germany)
- Mittalbhai Projects Pvt. Ltd. (Magadh Hand Tools) (Rajasthan, India)
- Zhejiang SALI Abrasive Technology Co., Ltd (Zhejiang, China)
- DEWALT (Maryland, U.S.)
- Pangu Industrial Co., Ltd. (Shadong, China)
- Snap-on Incorporated (Wisconsin, U.S.)
- C&A Hardware Tools Co., Ltd. (Zhejiang, China)
Highlights of the Report:
- Fortune Business Insights follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research.
- The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.
Hand Tools Market Report Scope [2028]
Report Title: Hand Tools Industry Share, Size, Gross Margin, Trend, Future Demand, Analysis by Top Leading Player and Forecast 2028
Hand Tools Market CAGR: 4.1%
Report Coverage: Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends
Segments Covered:
By Product Type
- Spanners
- Vices/Clamps
- Pliers/Pincers
- Household Tools
- Grease Guns
- Wrenches
- Hammers/Sledge Hammers
- Chisel/Gauges
- Metal Working Tools
- Screwdrivers
- Others
By Application
- Industrial
- Professional
- Home Use (Do it Yourself)
By Sales Channel
- Retail
- Online
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Report Inclusions:
Market Overview: It includes a product overview and scope of the global Hand Tools Industry. It offers a summary of the segmental analysis provided in the report. Here, product, application, and regional segments are highlighted. This chapter also includes market estimations related to revenue and sales.
Competition: This section sheds light on the competitive situations and trends, gives an analysis of manufacturers and provides figures related to average price by the player, revenue and revenue shares of individual market players, sales, and sales shares of individual players.
Region-wise Sales Analysis: The report in this section offers market numbers, and an analysis of revenue, sales, and market shares of individual regions. In addition, it provides sales and sales growth rate, pricing structure, revenue, and some other estimations for each regional market that has been studied.
Company Profiles: This section of the report offers in-depth insightful information about the financial and strategic business data of some of the leading companies operating in the global Hand Tools Industry landscape. In addition, product specifications, portfolios, regional footprint, revenue shares, and several other details are also covered in this chapter of the report.
FREQUENTLY ASKED QUESTIONS:
- How much was the global Hand Tools Industry worth in 2021?
- Who are the top players actively operating across the market?
- How much will the global market be worth by 2028?
- What are the key market drivers?
- Which application segment is the leading across the globe?
- At what compound annual growth rate (CAGR) is the global market projected to grow in the forecast period?
Major Points from Table of Contents
Global Hand Tools Market Research Report 2028, by Manufacturers, Regions, Types and Applications
- Introduction
- Objective of the Study
- Definition of the Market
- Market Scope
- Market Segment by Type, Application and Marketing Channel
- Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
- Years Considered for the Study
- Currency Considered (U.S. Dollar)
- Key Findings of the Study
- Market Dynamics
- Driving Factors for this Market
- Factors Challenging the Market
- Opportunities of the Global Hand Tools Industry (Regions, Growing/Emerging Downstream Market Analysis)
- Technological and Market Developments in the Hand Tools Industry
- Industry News by Region
- Regulatory Scenario by Region/Country
- Market Investment Scenario Strategic Recommendations Analysis
- Value Chain of the Hand Tools Market
- Value Chain Status
- Upstream Raw Material Analysis
- Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
- Distributors/Traders
- Downstream Major Customer Analysis (by Region)
- Global Hand Tools Industry -Segmentation by Type
- Global Hand Tools Industry -Segmentation by Application
- Global Hand Tools Industry -Segmentation by Marketing Channel
- Competitive Intelligence Company Profiles
- Global Hand Tools Market -Segmentation by Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
- Future Forecast of the Global Hand Tools Industry
- Future Forecast of the Global Hand Tools Industry from 2023 Segment by Region
- Global Speaker Production and Growth Rate Forecast by Type (2028)
- Global Speaker Consumption and Growth Rate Forecast by Application (2028)
- Appendix
- Methodology
- Research Data Source
Continued….
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