Woodworking Tools Market By Type (Chisels, Hammers, Saws, Pliers & Wrenches, Drills, Others), By Distribution Channel (Online, Offline), By Operation (Manual, Powered), By End user (Professional, DIY): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global woodworking tools market was valued at $8,952.6 million in 2021, and is projected to reach $13,299.8 million by 2031, registering a CAGR of 3.9% from 2022 to 2031. The woodworking tools are tools that usually do not use electricity and do not need any motor to operate. The woodworking 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. 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 woodworking 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 woodworking tools and volatile economic conditions in Latin America are expected to hamper the market growth. Furthermore, the growth in machinery and equipment manufacturing sectors around the globe offers lucrative growth opportunities for the market players during the forecast period.
The global woodworking tools market is segmented on the basis of type, distribution channel, operation, end user, and region. On the basis of type, it is classified into chisels, hammers, saws, pliers & wrenches, drills and others. By distribution channel, it is divided into online and offline. By operation, it is categorized into manual and powered. By end user, it is segmented into professional and DIY. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the global woodworking tools market include, Akar Tools Limited, Altendorf GmbH, Apex Tool Group, C&A Hardware Tools Co. Ltd, Channellock, Inc., Emerson Electric Co., JCBL India, Klein Tools Inc., Kreg Tool Company, Makita, Milwaukee, Ridgid, Robert Bosch, Snap-On Incorporated., Stanley Black and Decker, Techtronic Industries Co. Ltd. and Wera Tools.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the woodworking tools market analysis from 2021 to 2031 to identify the prevailing woodworking tools market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the woodworking tools market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global woodworking tools market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Chisels
Hammers
Saws
Pliers Wrenches
Drills
Others
By Distribution Channel
Online
Offline
By Operation
Manual
Powered
By End user
Professional
DIY
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Akar Tools Limited
Altendorf GmbH
Apex Tool Group
C&A Hardware Tools Co. Ltd
Channellock, Inc.
Emerson Electric Co.
JCBL India
Klein Tools Inc.
Kreg Tool Company
Makita
Milwaukee
Ridgid
Robert Bosch
Snap-On Incorporated
Stanley Black and Decker
Techtronic Industries Co. Ltd.
Wera Tools
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