Hand Tools Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,500	130 Pages	Coherent Market Insights	August, 2023	CMI18163307

Best Price Guarantee
Price	from $4,500
Length	130 Pages
Publisher	Coherent Market Insights
Published Date	August, 2023
SKU	CMI18163307

Hand Tools Market, By Application By Product Type , By Sales Channel, By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)-Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

A hand tool pertains to a manually operated implement, devoid of motorized propulsion. The taxonomy of hand tools encompasses diverse categories, including but not limited to pliers, cutters, wrenches, striking tools, screwdrivers, hammers, vises, clamps, saws, knives, drills, and others. Within this spectrum, general-purpose tools encompass elementary implements like screwdrivers, pliers, wrenches, and spanners used for fastening purposes. Metal cutting tools entail devices like hacksaws, axes, and chisels. Layout and measuring tools comprise items such as tapes and laser measurers. Taps and dies, on the other hand, function to create threads and can serve both as forming and cutting tools. A tap crafts or incises the female element (e.g., a nut), while a die shapes or incises the male counterpart (e.g., a bolt) of the mating ensemble.

Market Dynamics

The escalating demand for hand tools within the automotive sector stems from their attributes like portability, absence of electricity dependency, cost-effectiveness, and others. Notably, the automotive industry's expansion transcends geographical confines, fostering demand universally. An analysis by Coherent Market Insights reveals that the automotive maintenance and repair segment constitutes 23% of the global hand tools arena. Furthermore, rising labor expenses propel consumers toward DIY (Do it yourself) hand tools for domestic fixes. This confluence of factors is poised to drive the global hand tools market growth.

Furthermore, the burgeoning global industrialization bolsters the global hand tools market growth. Hand tools are predominantly employed for maintenance and servicing due to their portability. Coherent Market Insights' analysis indicates that end-use sectors contribute to a 40% share of the global hand tools market, with professionals including carpenters, plumbers, automotive maintenance personnel, and farmers constituting the remaining 60%. This dynamic is anticipated to propel the global hand tools market expansion in the coming period.

Key Features of the Study

This report provides an in-depth analysis of the global hand tools market with market size (US$ Billion) and CAGR (%) over the forecast period: 2023 - 2030, considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
It profiles leading players in the global hand tools market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
The key companies covered as part of this study include Kennametal Inc., Apex Tools Group, Akar Tools Ltd., Channellock, Inc., JK Files (India) Limited, Stanley Black Decker, Sears, Wera Tools, Snap-On, Irwin Industrial Tools, and Klein Tools
Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to future product launches, technology upgrades, market expansion, and marketing tactics
Various strategy matrices used in analyzing the global hand tools market would provide stakeholders with vital inputs to make strategic decisions accordingly

Detailed Segmentation:

Global Hand Tools Market, By Application:
Industrial
Household and DIY
Global Hand Tools Market, By Product Type:
General Purpose Tools
Metal Cutting Tools
Layout and Measuring Tools
Taps and Dies
Global Hand Tools Market, By Sales Channel:
Online Sales
Company Direct Sales
Distributor Sales
Global Hand Tools Market, By Region:
North America
U.S.
Canada
Europe
Germany
Italy
U.K.
France
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
Australia
India
ASEAN
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
GCC Countries
Israel
South Africa
Rest of Middle East and Africa
Company Profiles
Kennametal Inc.
Apex Tools Group
Akar Tools Ltd.
Channellock, Inc.
JK Files (India) Limited
Stanley Black Decker
Sears
Wera Tools
Snap-On
Irwin Industrial Tools
Klein Tools

1. Research Objectives and Assumptions: Research Objectives; Assumptions; Abbreviations
2. Market Purview: Report Description; Market Definition and Scope; Executive Summary; Market Snippet, By Application; Market Snippet, By Product Type; Market Snippet, By Sales Channel; Market Snippet, By Region; Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis: Market Dynamics; Drivers; Rising Industrial demand and economic conditions; Technological advancements; Restraints; Utilizing AI and IoT-integrated electric tools to mitigate potential market advancements; Market Opportunities; DIY and home improvement opportunities; Sustainable manufacturing; PEST Analysis; PORTER’s Five Forces Analysis; Market Opportunities; Regulatory Scenario; Industry Trends; Mergers and Acquisitions; New system Launches/Approvals; Impact of COVID-19 Pandemic
4. Global Hand Tools Market, By Application, 2017 - 2030 (US$ Billion): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018-2030; Segment Trends Market Share Analysis, 2023 and 2030 (%); Industrial; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion); Household and DIY; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion)
5. Global Hand Tools Market, By Product Type, 2017 - 2030, (US$ Billion): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018-2030; Segment Trends Market Share Analysis, 2023 and 2030 (%); General Purpose Tools; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion); Metal Cutting Tools; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion); Layout and Measuring Tools; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion); Taps and Dies; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion)
6. Global Hand Tools Market, By Sales Channel, 2017 - 2030, (US$ Billion): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018-2030; Segment Trends Market Share Analysis, 2023 and 2030 (%); Online Sales; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion); Company Direct Sales; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion); Distributor Sales; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Billion)
7. Global Hand Tools Market , By Region, 2017 - 2030, (US$ Billion): Introduction; Introduction; Market Share Analysis, By Country, 2023 and 2030 (%); Y-o-Y Growth Analysis, For Country 2017-2030; Country Trends; North America; Introduction Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030, (US$ Billion); U.S.; Canada; Europe; Introduction Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030, (US$ Billion); U.K.; Germany; Italy; France; Spain; Russia; Rest of Europe; Asia Pacific; Introduction Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030, (US$ Billion); China; India; Japan; ASEAN; Australia; South Korea; Rest of Asia Pacific; Latin America; Introduction Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030, (US$ Billion); Brazil; Argentina; Mexico; Rest of Latin America; Middle East & Africa; Introduction Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2017-2030, (US$ Billion); Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030, (US$ Billion); GCC Countries; South Africa; Rest of Middle East & Africa
8. Competitive Landscape: Company Profiles; Kennametal Inc.; Company Overview; Product Portfolio; Financial Performance; Recent Developments/Updates; Apex Tools Group; Akar Tools Ltd.; Channellock, Inc.; JK Files (India) Limited; Stanley Black Decker; Sears; Wera Tools; Snap-On; Irwin Industrial Tools; Klein Tools; Analyst Views
9. Section: References; Research Methodology; About us and Sales Contact; *Browse 60 market data tables and 40 figures on “Global Hand Tools Market - forecast to 2030”.