Hand Tools Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Hand Tools Market
The hand tools market size was valued at USD 22.29 billion in 2020, and the market is now projected to grow from USD 22.97 billion in 2021 to USD 0.48 billion in 2028, exhibiting a CAGR of 4.1% during the forecast period of 2021-2028.
The indecisive scenario in the construction and real estate development sector has hindered the hand tools market growth. The COVID-19 pandemic has affected the economic actions and caused a halt on the manufacturing functioning. The shutdown on numerous sanctions on cross-border trade of unnecessary products has reduced demand for the equipment. The disruption of supply chain and lack of availability of raw material had hampered the market growth.
The hand tools market share globally has increased because of the high functionality and time-efficient secured operation of tools. The tool producers emphasize the design and development of these apparatus that are capable of high performance and multi-functional in operation. The multi-functional instrument increases efficiency of the operation by decreasing the time required for the service and the entire operation.
The trend of production of durable and easy to manage gadgets through manufacturing facility upgrades is boosting the market growth. The huge investment in R&D activities by numerous participants has encouraged the development of newer and advanced products. The designers are focusing on efforts and funds in the procurement and installation of up to date machinery. Through this they can develop and enhance manufacturing facilities to create more precise, long-lasting, and multi-featured tools.
Comprehensive Analysis of Hand Tools Market
The hand tools market and machinery and equipment industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by product type, application, and sales channel. The product types include spanners, vice/clamps, pliers/pincers, household tools, grease guns, wrenches, screwdrivers, hammers/sledge hammers, chisel/gauges, metal working tools, and others. The applications involve industrial, professional, and home use (Do it yourself). Similarly, the sales channels involve retail and online.
The North American region is conducive to the global hand tools market, leading to a recall of USD 7.12 billion owing to the existence of large-scale manufacturers and the use of hand-operated equipment by inexperienced individuals for minor works at home are supporting market growth.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include Stanley Black & Decker, Inc. (Connecticut, U.S.), Mittalbhai Projects Pvt. Ltd. (Magadh Hand Tools) (Rajasthan, India), Knipex (Wuppertal, Germany), Klein Tools, Inc. (Illinois, U.S.), Snap-on Incorporated (Wisconsin, U.S.), Wera (Wuppertal, Germany), Zhejiang SALI Abrasive Technology Co., Ltd (Zhejiang, China), DEWALT (Maryland, U.S.), Pangu Industrial Co., Ltd. (Shadong, China), and C&A Hardware Tools Co., Ltd. (Zhejiang, China), these market players provide a level-playing competitive landscape.
In March 2021, Great Star USA declared that it had acquired SK Professional Tools. The aim of this acquisition is to intensify its U.S.-based manufacturing and widening presence.
Segmentation Table
Global Hand Tools Market Scope
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion)
Segmentation
By Product Type, Application, Sales Channel, and Region
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
By Region
North America (By Product Type, Application, Sales Channel, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- BENELUX (By Application)
- Nordics (By Application)
- Rest of Europe
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- ASEAN Countries (By Application)
- Australia (By Application)
- Rest of Asia Pacific
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa
- Brazil (By Application)
- Argentina (By Application)
- Colombia (By Application)
- Rest of South America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Product Types
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19 on Hand Tools Market
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Forces Analysis
- 4.4. Global Hand Tools Market Share Analysis and Matrix, 2020
- 5. Key Market Insights and Strategic Recommendations
- 6. Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
- 6.1.1. Key Management
- 6.1.2. Headquarters etc.
- 6.2. Offerings/Business Segments
- 6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 6.3.1. Employee Size
- 6.3.2. Past and Current Revenue
- 6.3.3. Geographical Share
- 6.3.4. Business Segment Share
- 6.4. Recent Developments
- 7. Primary Interview Responses
- 8. Annexure / Appendix
- 8.1. Global Hand Tools Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.1.1. By Product Type (USD)
- 8.1.1.1. Spanners/Wrenches
- 8.1.1.2. Vices / Clamps
- 8.1.1.3. Pliers / Pincers
- 8.1.1.4. Household tools
- 8.1.1.5. Grease Guns
- 8.1.1.6. Screwdrivers
- 8.1.1.7. Hammers / Sledge Hammers
- 8.1.1.8. Chisel / Gauges
- 8.1.1.9. Metal working tools
- 8.1.1.10. Others
- 8.1.2. By Application (USD)
- 8.1.2.1. Industrial
- 8.1.2.2. Professional
- 8.1.2.3. Home use (Do it Yourself)
- 8.1.3. By Sales Channel (USD)
- 8.1.3.1. Retail
- 8.1.3.2. Online
- 8.1.4. By Geography (USD)
- 8.1.4.1. North America
- 8.1.4.2. Europe
- 8.1.4.3. Asia Pacific
- 8.1.4.4. Middle East and Africa
- 8.1.4.5. South America
- 8.2. North America Hand Tools Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.2.1. By Product Type (USD)
- 8.2.1.1. Spanners/Wrenches
- 8.2.1.2. Vices / Clamps
- 8.2.1.3. Pliers / Pincers
- 8.2.1.4. Household tools
- 8.2.1.5. Grease Guns
- 8.2.1.6. Screwdrivers
- 8.2.1.7. Hammers / Sledge Hammers
- 8.2.1.8. Chisel / Gauges
- 8.2.1.9. Metal working tools
- 8.2.1.10. Others
- 8.2.2. By Application (USD)
- 8.2.2.1. Industrial
- 8.2.2.2. Professional
- 8.2.2.3. Home use (Do it Yourself)
- 8.2.3. By Sales Channel (USD)
- 8.2.3.1. Retail
- 8.2.3.2. Online
- 8.2.4. By Country (USD)
- 8.2.4.1. United States
- 8.2.4.1.1. By Application
- 8.2.4.1.1.1. Industrial
- 8.2.4.1.1.2. Professional
- 8.2.4.1.1.3. Home use (Do it Yourself)
- 8.2.4.2. Canada
- 8.2.4.2.1. By Application
- 8.2.4.2.1.1. Industrial
- 8.2.4.2.1.2. Professional
- 8.2.4.2.1.3. Home use (Do it Yourself
- 8.2.4.3. Mexico
- 8.2.4.3.1. By Application
- 8.2.4.3.1.1. Industrial
- 8.2.4.3.1.2. Professional
- 8.2.4.3.1.3. Home use (Do it Yourself
- 8.3. Europe Hand Tools Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.3.1. By Product Type (USD)
- 8.3.1.1. Spanners/Wrenches
- 8.3.1.2. Vices / Clamps
- 8.3.1.3. Pliers / Pincers
- 8.3.1.4. Household tools
- 8.3.1.5. Grease Guns
- 8.3.1.6. Screwdrivers
- 8.3.1.7. Hammers / Sledge Hammers
- 8.3.1.8. Chisel / Gauges
- 8.3.1.9. Metal working tools
- 8.3.1.10. Others
- 8.3.2. By Application (USD)
- 8.3.2.1. Industrial
- 8.3.2.2. Professional
- 8.3.2.3. Home use (Do it Yourself)
- 8.3.3. By Sales Channel (USD)
- 8.3.3.1. Retail
- 8.3.3.2. Online
- 8.3.4. By Country (USD)
- 8.3.4.1. The U. K.
- 8.3.4.1.1. By Application
- 8.3.4.1.1.1. Industrial
- 8.3.4.1.1.2. Professional
- 8.3.4.1.1.3. Home use (Do it Yourself)
- 8.3.4.2. Germany
- 8.3.4.2.1. By Application
- 8.3.4.2.1.1. Industrial
- 8.3.4.2.1.2. Professional
- 8.3.4.2.1.3. Home use (Do it Yourself)
- 8.3.4.3. France
- 8.3.4.3.1. By Fuel Type
- 8.3.4.3.2. By Application
- 8.3.4.3.2.1. Industrial
- 8.3.4.3.2.2. Professional
- 8.3.4.3.2.3. Home use (Do it Yourself)
- 8.3.4.4. Italy
- 8.3.4.4.1. By Application
- 8.3.4.4.1.1. Industrial
- 8.3.4.4.1.2. Professional
- 8.3.4.4.1.3. Home use (Do it Yourself)
- 8.3.4.5. Spain
- 8.3.4.5.1. By Application
- 8.3.4.5.1.1. Industrial
- 8.3.4.5.1.2. Professional
- 8.3.4.5.1.3. Home use (Do it Yourself)
- 8.3.4.6. Russia
- 8.3.4.6.1. By Application
- 8.3.4.6.1.1. Industrial
- 8.3.4.6.1.2. Professional
- 8.3.4.6.1.3. Home use (Do it Yourself)
- 8.3.4.7. BENELUX
- 8.3.4.7.1. By Application
- 8.3.4.7.1.1. Industrial
- 8.3.4.7.1.2. Professional
- 8.3.4.7.1.3. Home use (Do it Yourself)
- 8.3.4.8. Nordics
- 8.3.4.8.1. By Application
- 8.3.4.8.1.1. Industrial
- 8.3.4.8.1.2. Professional
- 8.3.4.8.1.3. Home use (Do it Yourself)
- 8.3.4.9. Rest of Europe
- 8.4. Asia Pacific Hand Tools Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.4.1. By Product Type (USD)
- 8.4.1.1. Spanners/Wrenches
- 8.4.1.2. Vices / Clamps
- 8.4.1.3. Pliers / Pincers
- 8.4.1.4. Household tools
- 8.4.1.5. Grease Guns
- 8.4.1.6. Screwdrivers
- 8.4.1.7. Hammers / Sledge Hammers
- 8.4.1.8. Chisel / Gauges
- 8.4.1.9. Metal working tools
- 8.4.1.10. Others
- 8.4.2. By Application (USD)
- 8.4.2.1. Industrial
- 8.4.2.2. Professional
- 8.4.2.3. Home use (Do it Yourself)
- 8.4.3. By Sales Channel (USD)
- 8.4.3.1. Retail
- 8.4.3.2. Online
- 8.4.4. By Country (USD)
- 8.4.4.1. China
- 8.4.4.1.1. By Application
- 8.4.4.1.1.1. Industrial
- 8.4.4.1.1.2. Professional
- 8.4.4.1.1.3. Home use (Do it Yourself)
- 8.4.4.1.2. India
- 8.4.4.1.3. By Application
- 8.4.4.1.3.1. Industrial
- 8.4.4.1.3.2. Professional
- 8.4.4.1.3.3. Home use (Do it Yourself)
- 8.4.4.2. Japan
- 8.4.4.2.1. By Application
- 8.4.4.2.1.1. Industrial
- 8.4.4.2.1.2. Professional
- 8.4.4.2.1.3. Home use (Do it Yourself)
- 8.4.4.3. South Korea
- 8.4.4.3.1. By Application
- 8.4.4.3.1.1. Industrial
- 8.4.4.3.1.2. Professional
- 8.4.4.3.1.3. Home use (Do it Yourself)
- 8.4.4.4. ASEAN
- 8.4.4.4.1. By Application
- 8.4.4.4.1.1. Industrial
- 8.4.4.4.1.2. Professional
- 8.4.4.4.1.3. Home use (Do it Yourself)
- 8.4.4.5. Australia
- 8.4.4.5.1. By Application
- 8.4.4.5.1.1. Industrial
- 8.4.4.5.1.2. Professional
- 8.4.4.5.1.3. Home use (Do it Yourself)
- 8.4.4.6. Rest of Asia Pacific
- 8.5. Middle East & Africa Hand Tools Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.5.1. By Product Type (USD)
- 8.5.1.1. Spanners/Wrenches
- 8.5.1.2. Vices / Clamps
- 8.5.1.3. Pliers / Pincers
- 8.5.1.4. Household tools
- 8.5.1.5. Grease Guns
- 8.5.1.6. Screwdrivers
- 8.5.1.7. Hammers / Sledge Hammers
- 8.5.1.8. Chisel / Gauges
- 8.5.1.9. Metal working tools
- 8.5.1.10. Others
- 8.5.2. By Application (USD)
- 8.5.2.1. Industrial
- 8.5.2.2. Professional
- 8.5.2.3. Home use (Do it Yourself)
- 8.5.3. By Sales Channel (USD)
- 8.5.3.1. Retail
- 8.5.3.2. Online
- 8.5.4. By Country (USD)
- 8.5.4.1. GCC Countries
- 8.5.4.1.1. By Application
- 8.5.4.1.1.1. Industrial
- 8.5.4.1.1.2. Professional
- 8.5.4.1.1.3. Home use (Do it Yourself)
- 8.5.4.2. South Africa
- 8.5.4.2.1. By Application
- 8.5.4.2.1.1. Industrial
- 8.5.4.2.1.2. Professional
- 8.5.4.2.1.3. Home use (Do it Yourself)
- 8.5.4.3. Rest of Middle East and Africa
- 8.6. South America Hand Tools Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.6.1. By Product Type (USD)
- 8.6.1.1. Spanners/Wrenches
- 8.6.1.2. Vices / Clamps
- 8.6.1.3. Pliers / Pincers
- 8.6.1.4. Household tools
- 8.6.1.5. Grease Guns
- 8.6.1.6. Screwdrivers
- 8.6.1.7. Hammers / Sledge Hammers
- 8.6.1.8. Chisel / Gauges
- 8.6.1.9. Metal working tools
- 8.6.1.10. Others
- 8.6.2. By Application (USD)
- 8.6.2.1. Industrial
- 8.6.2.2. Professional
- 8.6.2.3. Home use (Do it Yourself)
- 8.6.3. By Sales Channel (USD)
- 8.6.3.1. Retail
- 8.6.3.2. Online
- 8.6.4. By Country (USD)
- 8.6.4.1. Brazil
- 8.6.4.1.1. By Application
- 8.6.4.1.1.1. Industrial
- 8.6.4.1.1.2. Professional
- 8.6.4.1.1.3. Home use (Do it Yourself)
- 8.6.4.2. Argentina
- 8.6.4.2.1. By Application
- 8.6.4.2.1.1. Industrial
- 8.6.4.2.1.2. Professional
- 8.6.4.2.1.3. Home use (Do it Yourself)
- 8.6.4.3. Colombia
- 8.6.4.3.1. By Application
- 8.6.4.3.1.1. Industrial
- 8.6.4.3.1.2. Professional
- 8.6.4.3.1.3. Home use (Do it Yourself))
- 8.6.4.4. Rest of South America
- 9. List of some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/value chain.
- 10. (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope. However, at the same, we are open to profile additional company(s) on specific request)
- 11. Stanley Black & Decker, Inc.
- 12. Knipex
- 13. Klein Tools, Inc.
- 14. Wera
- 15. Mittalbhai Projects Pvt. Ltd. (Magadh Hand Tools)
- 16. Zhejiang SALI Abrasive Technology Co., Ltd
- 17. DEWALT
- 18. Pangu Industrial Co., Ltd.
- 19. Snap-on Incorporated
- 20. C&A Hardware Tools Co., Ltd.
- 21. Deeps Tools Pvt. Ltd.
- 22. Channellock
- 23. Wintek Tools
- 24. Wiha Tools Ltd.
- 25. Sterling Manufacturing
- 26. Techtronic Industries Co. Ltd.
- 27. Shanghai Crownrich Enterprise Co., Ltd.
- 28. Harbor Freight Tools
- 29. Eastman Group
- 30. Alok International Pvt. Ltd.
- 31. Sinotools Industrial Co., Ltd.
- 32. JieJie tools Co., Ltd.
- 33. Hangzhou TLE Import & Export Co., Ltd.
- 34. Erwin Halder KG
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