Hand Tools Market, By Application (Industrial, Household and DIY) By Product Type (General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools and Taps and Dies), By Sales Channel (Online Sales, Company Direct Sales, Distributor Sales) and by R

Hand Tools Market, By Application (Industrial, Household and DIY) By Product Type (General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools and Taps and Dies), By Sales Channel (Online Sales, Company Direct Sales, Distributor Sales) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

A hand tool is any tool that is powered by hand instead of a motor. Different tools include hand tool categories such as pliers, cutters, wrenches, striking tools, screwdrivers, hammered tools, vises, clamps, saws, knives, drills, and more. General-purpose tools include simple tools or fastening tools like screwdrivers, pliers, wrenches, spanners, etc. Metal cutting tools include hacksaws, axe, chisels, etc. Layout and measuring tools comprise tapes, laser measurers, etc. Taps and dies are tools used to create threads. . They can be used as forming tools as well as cutting tools. A tap is used to form or cut the female portion, for example, a nut, whereas a die is used to form or cut the male portion of the mating pair, for example, a bolt.
Market Dynamics
The demand of hand tools in the automobile market increasing owing to its features such as portability, electricity free operation, low cost and many other. Moreover, growth of automobile market is not hindered by a particular region since the automobile industry is booming across the globe. According to Coherent Market Insights’ analysis, the automotive maintenance and repair sector accounts for 23% of the world’s total hand tools. Furthermore, increasing labor costs are influencing consumers to opt for DIY hand tools for domestic and household repairs. Therefore, these factors are expected to support growth of the global hand tools market in the near future.
Furthermore, increasing industrialization in the world is contributing in the growth of hand tool market. Majority of the time hand tools are used for maintenance and service purposes as these devices are portable. According to Coherent Market Insights’ analysis, among end-use industries account for a 40% share of the global hand tools markets, while professionals such as carpenters, plumbers, automotive maintenance mechanics, and farmers account for the remaining 60% market share. Thus, these factors are expected to drive growth of the global hand tools market in the near future.
Market Taxonomy
This report segments the global hand tools market on the basis of Application, Product Type, Sales Channel, and region. On the basis of Application, the global hand tools market is segmented into Industrial and household and DIY. On the basis of Product Type, the global hand tools market is segmented into General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools, Taps and Dies. On the basis of Sales Channel, the global hand tools market is segmented into Online Sales, Company Direct Sales, and Distributor Sales. On the basis of region, the global hand tools market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global hand tools market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global hand tools market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global hand tools market are 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.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global hand tools market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global hand tools market.
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
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Kennametal Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
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.
*Browse all the market data tables and figures on “Global Hand Tools Market- Forecast to 2027”


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
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launch/Approval
4. Global Hand Tools Market, By Application, 2017 - 2028 (US$ Million)
Introduction
Market Share Analysis, 2022 and 2028 (%)
Segment Trends
Industrial
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
Household and DIY
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
5. Global Hand Tools Market, By Product Type, 2017 - 2028 (US$ Million)
Introduction
Market Share Analysis, 2022 and 2028 (%)
Segment Trends
General Purpose Tools
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
Metal Cutting Tools
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
Layout and Measuring Tools
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
Taps and Dies
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
6. Global Hand Tools Market, By Sales Channel, 2017 - 2028 (US$ Million)
Introduction
Market Share Analysis, 2022 and 2028 (%)
Segment Trends
Online Sales
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
Company Direct Sales
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
Distributor Sales
Introduction
Market Size and Forecast, 2017 - 2028, (US$ Million)
7. Global Hand Tools Market, By Region, 2017 - 2028 (US$ Million)
Introduction
Market Share Analysis, By Region, 2022 and 2028 (%)
North America
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
Market Share Analysis, By Country, 2022 and 2028 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
Market Share Analysis, By Country, 2022 and 2028 (%)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
Market Share Analysis, By Country, 2022 and 2028 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
Market Share Analysis, By Country, 2022 and 2028 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
Market Size and Forecast, By Sales Channel, 2017 - 2028 (US$ Million)
Market Share Analysis, By Country, 2022 and 2028 (%)
GCC Countries
South Africa
Rest of the Middle East and Africa
8. Competitive Landscape
Company Profiles
Kennametal Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Apex Tools Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Akar Tools Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Channellock, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
JK Files (India) Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Stanley Black Decker
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Sears
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Wera Tools
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Snap-On
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Irwin Industrial Tools
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Klein Tools.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
9. Section
References
Research Methodology
About Us and Sales Contact
*Browse XX market data tables and XX figures on “Global Hand Tools Market-forecast to 2028”.

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