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THE GLOBAL HAND TOOLS MARKET SIZE IS EXPECTED TO REACH USD 28.74 BILLION BY 2027 FROM USD 22.07 BILLION IN 2021, GROWING AT A CAGR OF 4.14% DURING THE FORECAST PERIOD
The Global Hand Tools Market Report Includes Size, Share, & Trends Analysis by
- General Purpose Tools: Wrenches, Screwdrivers & Nut Drivers, Pliers, Hammers, Riveters, Clamps & Vises, Wrecking Bars, and Ratchets & Sockets),
- Cutting Tools: Saws, Chisel & Files, Knives & Blades, and Cable & Wire Cutting Tools
- Layout & Measuring Tools
- Taps & Dies
- Industrial End-User: Construction, Automotive, Aerospace, Electronics, Energy, Shipbuilding, and Others
- Commercial End-User, and Residential
- Geography: APAC, North America, Europe, Latin America, and the Middle East & Africa
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2027
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
GLOBAL HAND TOOLS MARKET REPORT SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
MARKET SIZE | USD 28.74 BILLION (2027) |
CAGR | 4.14% (2021-2027) |
BASE YEAR | 2021 |
FORECAST YEAR | 2022-2027 |
MARKET SEGMENTS | Tool Type (General Purpose Tools (Wrenches, Screwdrivers & Nut Drivers, Pliers, Hammers, Riveters, Clamps & Vises, Wrecking Bars, and Ratchets & Sockets), Cutting Tools (Saws, Chisel & Files, Knives & Blades, and Cable & Wire Cutting Tools), Layout & Measuring Tools, and Taps & Dies), End-User (Industrial (Construction, Automotive, Aerospace, Electronics, Energy, Shipbuilding, and Others), Commercial, and Residential) |
GEOGRAPHIC ANALYSIS | APAC, North America, Europe, Latin America, and Middle East & Africa |
COUNTRIES COVERED | China, India, Japan, South Korea, Australia, US, Canada, UK, Germany, France, Italy, Spain, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Turkey |
MARKET INSIGHTS
The global hand tools market is expected to grow at a CAGR of over 4% from 2021 to 2027 and is expected to reach $28.74 billion by 2027 from $22.07 billion in 2021. Hand tools are the most conventional and inevitable equipment in the tools industry, even today, amid the surge in competition with the power tools segment. Despite the prominence of sophistication and technological impact, hand tools are crucial in every household and industrial activity. The consistent growth in the adoption of hand tools over the past few years, owing to their performance and productivity, signifies the niche probability of them being completely replaceable. The affordability, widespread presence, and proven efficiency ratio further fuel the demand for hand tools. Hand tools are an integral part of everyday life. Developing economies are the major end-users of hand tools, accounting for 65−70% share of the total tools utilized in 2019 in their respective markets. In recent years, DIY activities are driving the demand for hand tools like wrenches, hammers, and cutters in developed economies.
Using classic hand tools is expected to be more certain and evident in the market and is here to stay. Right from hammers, chisels, saws, and axes, to modern tool kits, precision cutters, and putty knives, the hand tool industry has witnessed traction with consistent upgrades in safety and ergonomics.
KEY INSIGHTS
- The general-purpose tools segment accounted for the largest share of over 65% of the global hand tools market in 2021.
- The rising shift toward urbanization and an urban lifestyle is a key factor driving global demand for commercial and residential construction. A rising shift towards urbanization has also boosted the construction of commercial spaces such as malls, supermarkets, departmental stores, shopping centers, playing arenas, and others.
- Wrenches are one of the most basic tools that are used in regular activities around the house. They're also important for electricians', car mechanics, and plumbers' toolkits. The global hand wrenches market is expected to reach $3.77 billion by 2027.
- The increasing demand for aircraft alongside expansion efforts in the aviation industry is expected to support the growth of aerospace fasteners and manual fastening tools during the forecast period.
- The DIY tool kits are gaining popularity in countries like India and China owing to the limited availability of skilled labor, which can be seen more in urban areas. This has driven the growth in using hand tools like chisels, hammers, and screwdrivers for domestic household activities, home improvement, repairs, woodwork, and gardening work.
- Mass township projects worldwide also drive the demand for hand tools in the forecast period. For instance, Saudi Arabia announced the homeownership strategy, which estimates that 70% of the residents will have homes by 2030.
- The US government has planned to invest around USD 2 trillion in infrastructure, which will undoubtedly support North America's overall growth of the infrastructural sector.
- It is estimated that the number of automotive parts and components installed will grow by over 3% annually until 2025, owing to the preference for new software, sensors, and cameras that can use hand tools. Brands like Stanley offer an exclusive range of hand tools dedicated to the automotive industry, such as screwdrivers, wrenches, and sockets.
- The 2015 version of the International Building Code (IBC) has allowed the construction of wood-frame buildings that can be up to 6-story high (26 meters). This will drive the demand for hand tools & woodworking tools market.
MARKET SEGMENTATION
- Increasing requirements for screwdrivers in the consumer electronics industry drive market growth. Many small and medium manufacturers sell the product at a cheaper rate, so the bargaining power of buyers is very high. Power-driven hand tools may challenge the demand for manual screwdrivers, thus driving growth in the power tools market.
- New entrants in the market are focusing on the pocket and utility knife segments owing to their wide scope of applications. With high safety and comfortable handling, they are also finding adoption in the DIY segment. Compact, efficient, and weightless pocket knives are in demand. Thus, vendors can use this opportunity to innovate for better product penetration.
- The industrial end-user segment was the largest segment in the global hand tools market in 2021, and this trend will likely continue throughout the forecast period. This is majorly due to the construction industry. For instance, housing projects with 20 million affordable homes for the urban poor are expected to boost revenue in the construction sector of India, thus driving the demand for the mechanical hand tools market.
HAND TOOLS MARKET REGIONAL INSIGHTS
- APAC: APAC region consists of powerful developing nations with a majority working population. Tokyo Olympics will finally happen in the forecast period after being postponed because of a pandemic. The new infrastructure projects and upgrades are going to drive market growth. Even small nations like Singapore and Malaysia ramp up their infrastructural development. Singapore is known for its high-class construction facilities, and Budget 2020 has announced plans for infrastructure projects.
- North America: The North American automotive sector manufactures the world's highest number of electric cars due to the rising demand for eco-friendly products. The North American automotive sensors market is rising, propelling the demand for precision parts assembly. This can further drive the market for precision hand tools like pliers, cutters, and wrenches. According to the latest market research report by Arizton, the U.S. hand tools market size was valued at USD 5.25 Billion in 2021
KEY COMPANIES
- The key players in the hand tools market are Stanley Black & Decker, Techtronic Industries Company, Snap-on, Apex Tool Group (ATG), and Emerson.
- Brands like Stanley Black & Decker are recognized for their industry-leading fastening solutions. The company acquired Consolidated Aerospace Manufacturing LLC (CAM), enabling better support for aerospace consumers.
- With the growth in DIY culture and the demand for more user-friendly tools, vendors are customizing their tools for home improvement activities.
- The anti-vibe hammers from STANLEY are designed to keep professionals in mind. It also consists of a patented tuning fork design that helps reduce vibration during work, the most demanded feature in the market today.
SEGMENTS COVERED IN THE REPORT:
Segmentation by Tool Type
- General Purpose Tools
- Wrenches
- Screwdrivers & Nut Drivers
- Pliers
- Hammers
- Riveters
- Clamps & Vises
- Wrecking Bars
- Ratchets & Sockets
- Cutting Tools
- Saws
- Chisel & Files
- Knives & Blades
- Cable & Wire Cutting Tools
- Layout & Measuring Tools
- Taps & Dies
Segmentation by End-User
- Industrial
- Construction
- Automotive
- Aerospace
- Electronics
- Energy
- Shipbuilding
- Others
- Commercial
- Residential
Segmentation by Geography
- APAC
- China
- India
- Japan
- South Korea
- Australia
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
Frequently Asked Questions
What is the estimated valuation for the global hand tools market by 2027?
Which tool holds the maximum market share of the Hand tools market?
What are the key trends in the hand tools market?
Who are the top players in the global hand tools industry?
What are the different types of mechanical hand tools market discussed in the report?
The hand tools market size was valued at USD 22.07 billion in 2021 and is expected to reach USD 28.74 billion by 2027, growing at a CAGR of 4.14% during the forecast period
Base Year: 2021
Forecast Year: 2022-2027
The study considers a detailed scenario of the present hand tools market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Vendors
- Stanley Black & Decker
- Business Overview
- Product Offerings
- Key Strengths
- Key Strategies
- Key Opportunities
- Techtronic Industries Company
- Snap-on
- Apex Tool Group (ATG)
- Emerson
Other Prominent Vendors
- Robert Bosch GmbH
- Business Overview
- Product Offerings
- Akar Tools Ltd
- Wera Tools
- Klein Tools
- JCBL India
- Channellock
- JK Files India
- Kennametal
- IDEAL Industries
- Gray Tools Canada
- Leatherman
- Ningbo Great Wall Precision Industrial Co., Ltd
- PILANA
- Wurth
- Tajima
- KNIPEX
- PHOENIX CONTACT
- Wiha Tools Ltd
- Ajay Group
- Mac Tools
- Stiletto Tools
- Vaughan Manufacturing
- Estwing
- Kobalt
- Daniels Manufacturing Company
- Lowell Corporation
- Bojo
- Honiton
Segmentation by Tool Type
- General Purpose Tools
- Wrenches
- Screwdrivers & Nut Drivers
- Pliers
- Hammers
- Riveters
- Clamps & Vises
- Wrecking Bars
- Ratchets & Sockets
- Cutting Tools
- Saws
- Chisel & Files
- Knives & Blades
- Cable & Wire Cutting Tools
- Layout & Measuring Tools
- Taps & Dies
Segmentation by End-User
- Industrial
- Construction
- Automotive
- Aerospace
- Electronics
- Energy
- Shipbuilding
- Others
- Commercial
- Residential
Segmentation by Geography
- APAC
- China
- India
- Japan
- South Korea
- Australia
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
LIST OF EXHIBITS
Exhibit 1 Segmentation of Global Hand Tools Market
Exhibit 2 Market Size Calculation Approach 2021
Exhibit 3 Life Cycle Placement of Global Hand Tools Market
Exhibit 4 Competitiveness among Tool Categories in End-user Industries 2021–2027
Exhibit 5 Industry Outlook amid COVID-19 Pandemic
Exhibit 6 Global Urban & Rural Population 1950–2050 (million)
Exhibit 7 Market Growth Parameters
Exhibit 8 Supply & Raw Material Insights
Exhibit 9 Impact of COVID-19 on Industrial Fasteners Market
Exhibit 10 Impact of Increasing Growth in Wood Construction
Exhibit 11 Share of Wooden Construction Across Geographies 2019
Exhibit 12 Factors driving Demand for Wood/Timber Products
Exhibit 13 Key Insights
Exhibit 14 Impact of Increased Home Renovations and DIY Activities
Exhibit 15 Spending on Interior Room Renovations by Homeowners in North America 2019 ($)
Exhibit 16 Impact of Increasing Solar & Wind Energy Installations
Exhibit 17 Wind Power Industry Outlook
Exhibit 18 Solar & Wind Power Installation Outlook
Exhibit 19 Impact of Growing Construction Opportunities in Developing Countries
Exhibit 20 Impact of Increasing Infrastructural Construction
Exhibit 21 Ongoing Infrastructure Projects in UAE
Exhibit 22 Impact of Growing Demand from Construction Industry
Exhibit 23 Factors driving Construction Industry Growth
Exhibit 24 Impact of Mass Township Projects
Exhibit 25 Overview of Mass Township Projects
Exhibit 26 Impact of Low Cost & Unskilled Labor in Developing Economies
Exhibit 27 Labor Costs per Hour in China, Vietnam, Mexico (2016–2020) ($)
Exhibit 28 China Labor Cost Index
Exhibit 29 Impact of Automotive Industry Driving Market Growth
Exhibit 30 Automotive Aftermarket Industry Trend supporting Long-term Growth in Hand Tools Market
Exhibit 31 Impact of Growing Demand for Fasteners
Exhibit 32 Impact of High Demand in APAC Manufacturing Sector
Exhibit 33 Impact of Rise in Automation
Exhibit 34 113
Exhibit 35 Factors hindering Manual Hand Tools Demand
Exhibit 36 Impact of Fluctuation in Raw Material Prices
Exhibit 37 Aluminum Price Fluctuation: Oct 1990—Jan 2020 ($ per metric ton)
Exhibit 38 Carbon Steel Price Fluctuation: May 2019—April 2020 ($ per metric ton)
Exhibit 39 Weekly Average Prices of Natural Rubber 2021 ($ per 100 kg)
Exhibit 40 Impact of Turmoil in Political & Trade Relationships
Exhibit 41 Constraints for Market Growth
Exhibit 42 Impact of Slow Economic Growth in 2020
Exhibit 43 GDP of Major Countries 2019 & 2020 ($ trillion)
Exhibit 44 Impact of End-User Variability
Exhibit 45 Impact of Tool Safety & Risk Exposure
Exhibit 46 Global Hand Tools Market 2018–2027 ($ billion)
Exhibit 47 Five Forces Analysis 2021
Exhibit 48 Incremental Growth by Tool Type 2021 & 2027
Exhibit 49 Incremental Growth by General Purpose Tools 2021-2027
Exhibit 50 Global General Purpose Hand Tools Market 2021–2027 ($ billion)
Exhibit 51 Global Hand Wrenches Market 2021–2027 ($ billion)
Exhibit 52 Factors impacting Screwdrivers Market
Exhibit 53 Global Screwdrivers & Nut Drivers Market 2021–2027 ($ billion)
Exhibit 54 Global Pliers Market 2021–2027 ($ billion)
Exhibit 55 Global Hammers Market 2021–2027 ($ billion)
Exhibit 56 Global Riveters Market 2021–2027 ($ billion)
Exhibit 57 Global Clamps & Vises Market 2021–2027 ($ billion)
Exhibit 58 Global Wrecking Bars Market 2021–2027 ($ billion)
Exhibit 59 Global Rachets & Sockets Market 2021–2027 ($ billion)
Exhibit 60 Incremental Growth by Cutting Tools 2021-2027
Exhibit 61 Global Cutting Tools Market 2021–2027 ($ billion)
Exhibit 62 Global Chisel & Files Market 2021–2027 ($ billion)
Exhibit 63 Key Trends in Saws Market
Exhibit 64 Global Saws Market 2021–2027 ($ billion)
Exhibit 65 Global Knives & Blades Market 2021–2027 ($ billion)
Exhibit 66 Key Factors impacting Cable & Wire Cutting Tools Market
Exhibit 67 Global Cable & Wire Cutting Tools Market 2021–2027 ($ billion)
Exhibit 68 Global Layout & Measuring Tools Market 2021–2027 ($ billion)
Exhibit 69 Global Taps & Dies Market 2021–2027 ($ billion)
Exhibit 70 Incremental Growth by End-User 2021 & 2027
Exhibit 71 Incremental Growth by End-User 2021 & 2027
Exhibit 72 Global Industrial Hand Tools Market 2021–2027 ($ billion)
Exhibit 73 Key Factors in Construction Industry
Exhibit 74 Global Construction Hand Tools Market 2021–2027 ($ billion)
Exhibit 75 Key Industry Outlook
Exhibit 76 COVID-19 Pandemic impacting Construction Industry
Exhibit 77 Global Automotive Hand Tools Market 2021–2027 ($ billion)
Exhibit 78 Automotive Industry and US-China Impact due to COVID-19
Exhibit 79 Factors driving Automotive Demand in Emerging Countries
Exhibit 80 Global Aerospace Hand Tools Market 2021–2027 ($ billion)
Exhibit 81 Post COVID-19 Impact
Exhibit 82 Global Electronics Hand Tools Market 2021–2027 ($ billion)
Exhibit 83 Global Energy Hand Tools Market 2021–2027 ($ billion)
Exhibit 84 Investment in Energy Sector 2019 vs 2020 ($ billion)
Exhibit 85 Shipbuilding Orderbook of Countries 2019 ($ million)
Exhibit 86 Global Shipbuilding Hand Tools Market 2021–2027 ($ billion)
Exhibit 87 Marine & Shipbuilding Industry Outlook
Exhibit 88 Mining Industry Dynamics
Exhibit 89 Key Insights: Mining Industry
Exhibit 90 Global Other Hand Tools Market 2021–2027 ($ billion)
Exhibit 91 Commercial Sector Market Dynamics
Exhibit 92 Global Commercial Hand Tools Market 2021–2027 ($ billion)
Exhibit 93 Global Residential Sector Insights
Exhibit 94 Global Residential Hand Tools Market 2021–2027 ($ billion)
Exhibit 95 Incremental Growth by Geography 2021 & 2027
Exhibit 96 Regional Contribution to Global Hand Tools Market 2021 (%)
Exhibit 97 Incremental Growth Insights in Global Hand Tools Market by Region
Exhibit 98 Hand Tools Market in APAC 2018–2027 ($ billion)
Exhibit 99 Incremental Growth in North America 2021 & 2027
Exhibit 100 Hand Tools Market in China 2021–2027 ($ billion)
Exhibit 101 Crucial Factors Promoting Market Growth in China
Exhibit 102 Incremental Share of China in Global Automotive Production Pre COVID-19
Exhibit 103 Key Insights
Exhibit 104 Key Insights about Hand Tools Market in India
Exhibit 105 India: Overview of Manufacturing Sector & FDI Flow
Exhibit 106 Industrial Dynamics in India
Exhibit 107 Hand Tools Market in India 2021–2027 ($ billion)
Exhibit 108 Hand Tools Market in Japan 2021–2027 ($ billion)
Exhibit 109 Japan: Industrial Dynamics
Exhibit 110 Hand Tools Market in South Korea 2021–2027 ($ billion)
Exhibit 111 Factors Impacting Demand for Hand Tools in South Korea
Exhibit 112 End-User Highlights
Exhibit 113 Hand Tools Market in Australia 2021–2027 ($ billion)
Exhibit 114 Manufacturing & Industrial Insights in Australia (2021)
Exhibit 115 Estimated Worth of Construction Activities in US 2019–2024 ($ million)
Exhibit 116 Hand Tools Market in North America 2018–2027 ($ billion)
Exhibit 117 Incremental Growth in North America 2021 & 2027
Exhibit 118 Hand Tools Market in US 2021–2027 ($ billion)
Exhibit 119 Hand Tools Market in Canada 2021–2027 ($ billion)
Exhibit 120 COVI-19 Impact on GDP Forecast of Canada
Exhibit 121 Growth Rate of Construction Industry in Western Europe 2019
Exhibit 122 Share of Vehicle by Fuel Type in Europe Q1 2020
Exhibit 123 Hand Tools Market in Europe 2018–2027 ($ billion)
Exhibit 124 Incremental Growth in Europe 2021 & 2027
Exhibit 125 Hand Tools Market in UK 2021–2027 ($ billion)
Exhibit 126 Hand Tools Market in Germany 2021–2027 ($ billion)
Exhibit 127 Challenges in Germany’s Hand Tools Market
Exhibit 128 Hand Tools Market in France 2021–2027 ($ billion)
Exhibit 129 Hand Tools Market in Italy 2021–2027 ($ billion)
Exhibit 130 Hand Tools Market in Spain 2021–2027 ($ billion)
Exhibit 131 Approximate Value of Construction Industry in Latin America 2019-2020 ($ billion)
Exhibit 132 Hand Tools Market in Latin America 2018–2027 ($ billion)
Exhibit 133 Incremental Growth in North America 2021 & 2027
Exhibit 134 Hand Tools Market in Brazil 2021–2027 ($ billion)
Exhibit 135 Key Factors Impacting the Demand for Hand Tools in Brazil
Exhibit 136 Hand Tools Market in Mexico 2021–2027 ($ billion)
Exhibit 137 Key Industry Insights in Mexico
Exhibit 138 Hand Tools Market in Middle East & Africa 2018–2027 ($ billion)
Exhibit 139 Incremental Growth in North America 2021 & 2027
Exhibit 140 Hand Tools Market in South Africa 2021–2027 ($ billion)
Exhibit 141 Hand Tools Market in Saudi Arabia 2021–2027 ($ billion)
Exhibit 142 Factors challenging Hand Tools Demand in Saudi Arabia
Exhibit 143 Hand Tools Market in UAE 2021–2027 ($ billion)
Exhibit 144 Hand Tools Market in Turkey 2021–2027 ($ billion)
LIST OF TABLES
Table 1 Key Caveats
Table 2 Currency Conversion 2015−2021
Table 3 Global PMI Overview for April–May 2020
Table 4 General Purpose Hand Tools Market by Geography 2021–2027 ($ million)
Table 5 Commonly used Wrenches - Applications & Average Price
Table 6 Wrenches Market by Geography 2021−2027 ($ million)
Table 7 Screwdrivers & Nut Drivers Market by Geography 2021–2027 ($ million)
Table 8 Pliers Market by Geography 2021−2027 ($ million)
Table 9 Applications & Classification of Hammers
Table 10 Hammers Market by Geography 2021-2027 ($ million)
Table 11 Riveters Market by Geography 2021−2027 ($ million)
Table 12 Clamps & Vises Market by Geography 2021-2027 ($ million)
Table 13 Wrecking Bars Market by Geography 2021−2027 ($ million)
Table 14 Rachets & Sockets Market by Geography 2021−2027 ($ million)
Table 15 Cutting Tools Market by Geography 2021−2027 ($ million)
Table 16 Chisel & Files Market by Geography 2021−2027 ($ million)
Table 17 Saws Market by Geography 2021−2027 ($ million)
Table 18 Knives & Blades Market by Geography 2021−2027 ($ million)
Table 19 Cable & Wire Cutting Tools Market by Geography 2021−2027 ($ million)
Table 20 Layout & Measuring Tools Market by Geography 2021-2027 ($ million)
Table 21 Taps & Dies Market by Geography 2021−2027 ($ million)
Table 22 Industrial Hand Tools Market by Geography 2021−2027 ($ million)
Table 23 Construction Hand Tools Market by Geography 2021−2027 ($ million)
Table 24 Automotive Hand Tools Market by Geography 2021−2027 ($ million)
Table 25 Aerospace Hand Tools Market by Geography 2021−2027 ($ million)
Table 26 Electronics Hand Tools Market by Geography 2021−2027 ($ million)
Table 27 Energy Hand Tools Market by Geography 2021−2027 ($ million)
Table 28 Shipbuilding Hand Tools Market by Geography 2021−2027 ($ million)
Table 29 Others Hand Tools Market by Geography 2021−2027 ($ million)
Table 30 Commercial Hand Tools Market by Geography 2021−2027 ($ million)
Table 31 Residential Hand Tools Market by Geography 2021−2027 ($ million)
Table 32 Hand Tools Market by Type in APAC 2021−2027 ($ million)
Table 33 General Purpose Tools Market in APAC 2021−2027 ($ million)
Table 34 Cutting Tools Market in APAC 2021−2027 ($ million)
Table 35 Hand Tools Market in APAC by End-Users 2021−2027 ($ million)
Table 36 Hand Tools Market in APAC by Industrial End-Users 2021−2027 ($ million)
Table 37 Hand Tools Market by Type in North America 2021−2027 ($ million)
Table 38 General Purpose Tools Market in North America 2021−2027 ($ million)
Table 39 Cutting Tools Market in North America 2021−2027 ($ million)
Table 40 Hand Tools Market in North America by End-Users 2021−2027 ($ million)
Table 41 Hand Tools Market in North America by Industrial End-Users 2021−2027 ($ million)
Table 42 Hand Tools Market by Type in Europe 2021−2027 ($ million)
Table 43 General Purpose Tools Market in Europe 2021−2027 ($ million)
Table 44 Cutting Tools Market in Europe 2021−2027 ($ million)
Table 45 Hand Tools Market in Europe by End-Users 2021−2027 ($ million)
Table 46 Hand Tools Market in Europe by Industrial End-Users 2021−2027 ($ million)
Table 47 Hand Tools Market by Type in Latin America 2021−2027 ($ million)
Table 48 General Purpose Tools Market in Latin America 2021−2027 ($ million)
Table 49 Cutting Tools Market in Latin America 2021−2027 ($ million)
Table 50 Hand Tools Market in Latin America by End-Users 2021−2027 ($ million)
Table 51 Hand Tools Market in Latin America by Industrial End-Users 2021−2027 ($ million)
Table 52 Hand Tools Market by Type in Middle East & Africa 2021−2027 ($ million)
Table 53 General Purpose Tools Market in Middle East & Africa 2021−2027 ($ million)
Table 54 Cutting Tools Market in Middle East & Africa 2021−2027 ($ million)
Table 55 Hand Tools Market in Middle East & Africa by End-Users 2021−2027 ($ million)
Table 56 Hand Tools Market in Middle East & Africa by Industrial End-Users 2021−2027 ($ million)
Table 57 Stanley Black & Decker: Major Product Offerings
Table 58 Techtronic Industries Company: Major Product Offerings
Table 59 Snap-on: Major Product Offerings
Table 60 Apex Tool Group: Major Product Offerings
Table 61 Emerson: Major Product Offerings
Table 62 Robert Bosch GmbH: Major Product Offerings
Table 63 Akar Tools Ltd: Major Product Offerings
Table 64 Wera: Major Product Offerings
Table 65 Klein Tools: Major Product Offerings
Table 66 JCBL India: Major Product Offerings
Table 67 Channellock: Major Product Offerings
Table 68 JK Files India: Major Product Offerings
Table 69 Kennametal: Major Product Offerings
Table 70 IDEAL INDUSTRIES: Major Product Offerings
Table 71 Gray Tools Canada: Major Product Offerings
Table 72 Leatherman: Major Product Offerings
Table 73 Ningbo Great Wall Precision Industrial Co., Ltd: Major Product Offerings
Table 74 PILANA: Major Product Offerings
Table 75 Wurth: Major Product Offerings
Table 76 Tajima: Major Product Offerings
Table 77 KNIPEX: Major Product Offerings
Table 78 PHOENIX CONTACT: Major Product Offerings
Table 79 Wiha Tools Ltd.: Major Product Offerings
Table 80 Ajay Group: Major Product Offerings
Table 81 Mac Tools: Major Product Offerings
Table 82 Stiletto: Major Product Offerings
Table 83 Vaughan Manufacturing: Major Product Offerings
Table 84 Estwing: Major Product Offerings
Table 85 Kobalt: Major Product Offerings
Table 86 Daniels Manufacturing Company: Major Product Offerings
Table 87 Lowell Corporation: Major Product Offerings
Table 88 Bojo: Major Product Offerings
Table 89 Honiton: Major Product Offerings
Table 90 Global Hand Tools Market by Geography 2021−2027 ($ billion)
Table 91 Global Hand Tools Market by Geography 2021−2027 (%)
Table 92 Hand Tools Market by Tool Type in APAC 2021−2027 ($ million)
Table 93 General Purpose Tools Market in APAC 2021−2027 ($ million)
Table 94 Cutting Tools Market in APAC 2021−2027 ($ million)
Table 95 Hand Tools Market in APAC by End-Users 2021−2027 ($ million)
Table 96 Hand Tools Market in APAC by Industrial End-Users 2021−2027 ($ million)
Table 97 Hand Tools Market by Type in North America 2021−2027 ($ million)
Table 98 General Purpose Tools Market in North America 2021−2027 ($ million)
Table 99 Cutting Tools Market in North America 2021−2027 ($ million)
Table 100 Hand Tools Market in North America by End-Users 2021−2027 ($ million)
Table 101 Hand Tools Market in North America by Industrial End-Users 2021−2027 ($ million)
Table 102 Hand Tools Market by Type in Europe 2021−2027 ($ million)
Table 103 General Purpose Tools Market in Europe 2021−2027 ($ million)
Table 104 Cutting Tools Market in Europe 2021−2027 ($ million)
Table 105 Hand Tools Market in Europe by End-Users 2021−2027 ($ million)
Table 106 Hand Tools Market in Europe by Industrial End-Users 2021−2027 ($ million)
Table 107 Hand Tools Market by Tool Type in Latin America 2021−2027 ($ million)
Table 108 General Purpose Tools Market in Latin America 2021−2027 ($ million)
Table 109 Cutting Tools Market in Latin America 2021−2027 ($ million)
Table 110 Hand Tools Market in Latin America by End-Users 2021−2027 ($ million)
Table 111 Hand Tools Market in Latin America by Industrial End-Users 2021−2027 ($ million)
Table 112 Hand Tools Market by Type in Middle East & Africa 2021−2027 ($ million)
Table 113 General Purpose Tools Market in Middle East & Africa 2021−2027 ($ million)
Table 114 Cutting Tools Market in Middle East & Africa 2021−2027 ($ million)
Table 115 Hand Tools Market in Middle East & Africa by End-Users 2021−2027 ($ million)
Table 116 Hand Tools Market in Middle East & Africa by Industrial End-Users 2021−2027 ($ million)
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Tool Type
4.3.2 Market Segmentation by End-User
4.3.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Industrial End-User Outlook
7.1.2 Shift Toward Urbanization Propelling Construction And Manufacturing Demand
7.1.3 Key Insights
7.1.4 Parameters Impacting Market Growth
7.2 Supplier & Raw Material Snapshot
7.3 Construction Insights
7.3.1 Residential Construction
7.3.2 Commercial Construction
7.3.3 Public Infrastructural Construction
7.4 Us-China Trade War
7.5 FAQ
7.5.1 Value Propositions to Focus on Product Developments
7.5.2 Major Vendors in Hand Tools Market
7.5.3 Immediate Threat to Hand Tools Market
7.5.4 Regions Experiencing Exceptional Demand & High Growth
7.6 IMPACT OF COVID-19
7.6.1 Impact of COVID-19: Supply Side
7.6.2 Impact of COVID-19: Demand Side
8 MARKET OPPORTUNITIES & TRENDS
8.1 Increasing Growth in Wood Construction
8.1.1 Europe Wood Industry Outlook
8.2 Increased Home Renovations and DIY Activities
8.3 Increasing Wind & Solar Energy Installations
8.4 Growing Construction Opportunities in Developing Countries
9 MARKET GROWTH ENABLERS
9.1 Increasing Infrastructural Construction
9.2 Growing Demand from Construction Industry
9.2.1 Rising Construction Activities in Commercial Real Estates
9.3 Mass Township Projects
9.4 Low Cost and Unskilled Labor In Developing Economies
9.5 Automotive Industry Driving Market Growth
9.6 Growing Demand for Fasteners
9.7 High Demand in APAC Manufacturing Sector
10 MARKET RESTRAINTS
10.1 Rise in Automation
10.2 Fluctuation in Raw Material Prices
10.3 Turmoil in Politicial & Trade Relationships
10.4 Slow Economic Growth in 2020
10.5 End-User Variability
10.6 Tool Safety & Risk Exposure
11 MARKET LANDSCAPE
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat Of New Entrants
11.3.2 Bargaining Power Of Suppliers
11.3.3 Bargaining Power Of Buyers
11.3.4 Threat Of Substitutes
11.3.5 Competitive Rivalry
12 TOOL TYPE
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13 GENERAL PURPOSE TOOLS
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.2.1 Market Size & Forecast
13.2.2 Market by Geography
13.3 WRENCHES
13.3.1 Market Size & Forecast
13.3.2 Market by Geography
13.4 SCREWDRIVERS & NUTDRIVERS
13.4.1 Market Size & Forecast
13.4.2 Market by Geography
13.5 PLIERS
13.5.1 Market Size & Forecast
13.5.2 Market by Geography
13.6 HAMMERS
13.6.1 Market Size & Forecast
13.6.2 Market by Geography
13.7 RIVETERS
13.7.1 Market Size & Forecast
13.7.2 Market by Geography
13.8 CLAMPS & VISES
13.8.1 Market Size & Forecast
13.8.2 Market by Geography
13.9 WRECKING BARS
13.9.1 Market Size & Forecast
13.9.2 Market by Geography
13.10 RACHETS & SOCKETS
13.10.1 Market Size & Forecast
13.10.2 Market by Geography
14 CUTTING TOOLS
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.2.1 Market Size & Forecast
14.2.2 Market by Geography
14.3 CHISEL & FILES
14.3.1 Market Size & Forecast
14.3.2 Market by Geography
14.4 SAWS
14.4.1 Market Size & Forecast
14.4.2 Market by Geography
14.5 KNIVES & BLADES
14.5.1 Market Size & Forecast
14.5.2 Market by Geography
14.6 CABLE & WIRE CUTTING TOOLS
14.6.1 Market Size & Forecast
14.6.2 Market by Geography
15 LAYOUT & MEASURING TOOLS
15.1 MARKET OVERVIEW
15.1.1 Market Size & Forecast
15.1.2 Market by Geography
16 TAPS & DIES
16.1 MARKET OVERVIEW
16.1.1 Market Size & Forecast
16.1.2 Market by Geography
17 END-USER
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
18 INDUSTRIAL
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.2.1 Market Size & Forecast
18.2.2 Market by Geography
18.3 CONSTRUCTION
18.3.1 Market Size & Forecast
18.3.2 Impact of COVID-19
18.3.3 Market by Geography
18.4 AUTOMOTIVE
18.4.1 Market Size & Forecast
18.4.2 Impact of COVID-19
18.4.3 Key Insights
18.4.4 Market by Geography
18.5 AEROSPACE
18.5.1 Market Size & Forecast
18.5.2 Impact of COVID-19
18.5.3 Market by Geography
18.6 ELECTRONICS
18.6.1 Market Size & Forecast
18.6.2 Impact of COVID-19
18.6.3 Market by Geography
18.7 ENERGY
18.7.1 Market Size & Forecast
18.7.2 Impact of COVID-19
18.7.3 Market by Geography
18.8 SHIPBUILDING
18.8.1 Market Size & Forecast
18.8.2 Impact of COVID-19
18.8.3 Market by Geography
18.9 OTHER Hand Tools
18.9.1 Market Size & Forecast
18.9.2 Market by Geography
19 COMMERCIAL
19.1 Market Overview
19.1.1 Market Size & Forecast
19.1.2 Market by Geography
20 RESIDENTIAL
20.1 Market Overview
20.1.1 Market Size & Forecast
20.1.2 Market by Geography
21 GEOGRAPHY
21.1 Market Snapshot & Growth Engine
21.2 Geographic Overview
22 APAC
22.1 Market Overview
22.2 Market Size & Forecast
22.3 TOOL TYPE
22.3.1 Market Size & Forecast
22.4 GENERAL PURPOSE TOOLS
22.4.1 Market Size & Forecast
22.5 CUTTING TOOLS
22.5.1 Market Size & Forecast
22.6 END-USER
22.6.1 Market Size & Forecast
22.7 INDUSTRIAL END-USERS
22.7.1 Market Size & Forecast
22.8 KEY COUNTRIES
22.8.1 China: Market Size & Forecast
22.8.2 India: Market Size & Forecast
22.8.3 Japan: Market Size & Forecast
22.8.4 South Korea: Market Size & Forecast
22.8.5 Australia: Market Size & Forecast
23 NORTH AMERICA
23.1 Market Overview
23.2 Market Size & Forecast
23.3 TOOL TYPE
23.3.1 Market Size & Forecast
23.4 GENERAL PURPOSE TOOLS
23.4.1 Market Size & Forecast
23.5 CUTTING TOOLS
23.5.1 Market Size & Forecast
23.6 END-USER
23.6.1 Market Size & Forecast
23.7 INDUSTRIAL END-USERS
23.7.1 Market Size & Forecast
23.8 KEY COUNTRIES
23.8.1 US: Market Size & Forecast
23.8.2 Canada: Market Size & Forecast
24 EUROPE
24.1 Market Overview
24.2 Market Size & Forecast
24.3 TOOL TYPE
24.3.1 Market Size & Forecast
24.4 GENERAL PURPOSE TOOLS
24.4.1 Market Size & Forecast
24.5 CUTTING TOOLS
24.5.1 Market Size & Forecast
24.6 END-USER
24.6.1 Market Size & Forecast
24.7 INDUSTRIAL END-USERS
24.7.1 Market Size & Forecast
24.8 KEY COUNTRIES
24.8.1 UK: Market Size & Forecast
24.8.2 Germany: Market Size & Forecast
24.8.3 France: Market Size & Forecast
24.8.4 Italy: Market Size & Forecast
24.8.5 Spain: Market Size & Forecast
25 LATIN AMERICA
25.1 Market Overview
25.2 Market Size & Forecast
25.3 TOOL TYPE
25.3.1 Market Size & Forecast
25.4 GENERAL PURPOSE TOOLS
25.4.1 Market Size & Forecast
25.5 CUTTING TOOLS
25.5.1 Market Size & Forecast
25.6 END-USER
25.6.1 Market Size & Forecast
25.7 INDUSTRIAL END-USERS
25.7.1 Market Size & Forecast
25.8 KEY COUNTRIES
25.8.1 Brazil: Market Size & Forecast
25.8.2 Mexico: Market Size & Forecast
26 MIDDLE EAST & AFRICA
26.1 Market Overview
26.2 Market Size & Forecast
26.3 TOOL TYPE
26.3.1 Market Size & Forecast
26.4 GENERAL PURPOSE TOOLS
26.4.1 Market Size & Forecast
26.5 CUTTING TOOLS
26.5.1 Market Size & Forecast
26.6 END-USER
26.6.1 Market Size & Forecast
26.7 INDUSTRIAL END-USERS
26.7.1 Market Size & Forecast
26.8 KEY COUNTRIES
26.8.1 South Africa: Market Size & Forecast
26.8.2 Saudi Arabia: Market Size & Forecast
26.8.3 UAE: Market Size & Forecast
26.8.4 Turkey: Market Size & Forecast
27 COMPETITIVE LANDSCAPE
27.1 Competition Overview
28 KEY COMPANY PROFILES
28.1 STANLEY BLACK & DECKER
28.1.1 Business Overview
28.1.2 Product Offerings
28.1.3 Key Strategies
28.1.4 Key Strengths
28.1.5 Key Opportunities
28.2 TECHTRONIC INDUSTRIES COMPANY
28.2.1 Business Overview
28.2.2 Product Offerings
28.2.3 Key Strategies
28.2.4 Key Strengths
28.2.5 Key Opportunities
28.3 SNAP-ON
28.3.1 Business Overview
28.3.2 Product Offerings
28.3.3 Key Strategies
28.3.4 Key Strengths
28.3.5 Key Opportunities
28.4 APEX TOOL GROUP
28.4.1 Business Overview
28.4.2 Product Offerings
28.4.3 Key Strategies
28.4.4 Key Strengths
28.4.5 Key Opportunities
28.5 EMERSON
28.5.1 Business Overview
28.5.2 Product Offerings
28.5.3 Key Strategies
28.5.4 Key Strengths
28.5.5 Key Opportunities
29 OTHER PROMINENT VENDORS
29.1 ROBERT BOSCH GMBH
29.1.1 Business Overview
29.1.2 Product Offerings
29.2 AKAR TOOLS LTD
29.2.1 Business Overview
29.2.2 Product Offerings
29.3 WERA TOOLS
29.3.1 Business Overview
29.3.2 Product Offerings
29.4 KLEIN TOOLS
29.4.1 Business Overview
29.4.2 Product Offerings
29.5 JCBL INDIA
29.5.1 Business Overview
29.5.2 Product Offerings
29.6 CHANNELLOCK
29.6.1 Business Overview
29.6.2 Product Offerings
29.7 JK FILES INDIA
29.7.1 Business Overview
29.7.2 Product Offerings
29.8 KENNAMETAL
29.8.1 Business Overview
29.8.2 Product Offerings
29.9 IDEAL INDUSTRIES
29.9.1 Business Overview
29.9.2 Product Offerings
29.10 GRAY TOOLS CANADA
29.10.1 Business Overview
29.10.2 Product Offerings
29.11 LEATHERMAN
29.11.1 Business Overview
29.11.2 Product Offerings
29.12 NINGBO GREAT WALL PRECISION INDUSTRIAL CO.
29.12.1 Business Overview
29.12.2 Product Offerings
29.13 PILANA
29.13.1 Business Overview
29.13.2 Product Offerings
29.14 WURTH
29.14.1 Business Overview
29.14.2 Product Offerings
29.15 TAJIMA
29.15.1 Business Overview
29.15.2 Product Offerings
29.16 KNIPEX
29.16.1 Business Overview
29.16.2 Product Offerings
29.17 PHOENIX CONTACT
29.17.1 Business Overview
29.17.2 Product Offerings
29.18 WIHA TOOLS
29.18.1 Business Overview
29.18.2 Product Offerings
29.19 AJAY GROUP
29.19.1 Business Overview
29.19.2 Product Offerings
29.20 MAC TOOLS
29.20.1 Business Overview
29.20.2 Product Offerings
29.21 STILETTO
29.21.1 Business Overview
29.21.2 Product Offerings
29.22 VAUGHAN MANUFACTURING
29.22.1 Business Overview
29.22.2 Product Offerings
29.23 ESTWING
29.23.1 Business Overview
29.23.2 Product Offerings
29.24 KOBALT
29.24.1 Business Overview
29.24.2 Product Offerings
29.25 DANIELS MANUFACTURING CORPORATION
29.25.1 Business Overview
29.25.2 Product Offerings
29.26 LOWELL CORPORATION
29.26.1 Business Overview
29.26.2 Product Offerings
29.27 BOJO
29.27.1 Business Overview
29.27.2 Product Offerings
29.28 HONITON
29.28.1 Business Overview
29.28.2 Product Offerings
30 REPORT SUMMARY
30.1 Key Takeaways
30.2 Strategic Recommendations
31 QUANTITATIVE SUMMARY
31.1 Market By Geography
32 APAC
32.1 TOOL TYPE
32.1.1 Market Size & Forecast
32.2 GENERAL PURPOSE TOOLS
32.2.1 Market Size & Forecast
32.3 CUTTING TOOLS
32.3.1 Market Size & Forecast
32.4 END-USER
32.4.1 Market Size & Forecast
32.5 INDUSTRIAL END-USERS
32.5.1 Market Size & Forecast
33 NORTH AMERICA
33.1 TOOL TYPE
33.1.1 Market Size & Forecast
33.2 GENERAL PURPOSE TOOLS
33.2.1 Market Size & Forecast
33.3 CUTTING TOOLS
33.3.1 Market Size & Forecast
33.4 END-USER
33.4.1 Market Size & Forecast
33.5 INDUSTRIAL END-USERS
33.5.1 Market Size & Forecast
34 EUROPE
34.1 TOOL TYPE
34.1.1 Market Size & Forecast
34.2 GENERAL PURPOSE TOOLS
34.2.1 Market Size & Forecast
34.3 CUTTING TOOLS
34.3.1 Market Size & Forecast
34.4 END-USER
34.4.1 Market Size & Forecast
34.5 INDUSTRIAL END-USERS
34.5.1 Market Size & Forecast
35 LATIN AMERICA
35.1 TOOL TYPE
35.1.1 Market Size & Forecast
35.2 GENERAL PURPOSE TOOLS
35.2.1 Market Size & Forecast
35.3 CUTTING TOOLS
35.3.1 Market Size & Forecast
35.4 END-USER
35.4.1 Market Size & Forecast
35.5 INDUSTRIAL END-USERS
35.5.1 Market Size & Forecast
36 MIDDLE EAST & AFRICA
36.1 TOOL TYPE
36.1.1 Market Size & Forecast
36.2 GENERAL PURPOSE TOOLS
36.2.1 Market Size & Forecast
36.3 CUTTING TOOLS
36.3.1 Market Size & Forecast
36.4 END-USER
36.4.1 Market Size & Forecast
36.5 INDUSTRIAL END-USERS
36.5.1 Market Size & Forecast
37 APPENDIX
37.1 Abbreviations
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Frequently Asked Questions
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