Global Hand Tools Market Growth 2023-2029

Global Hand Tools Market Growth 2023-2029

A hand tool is any tool that is not a power tool – that is, one powered by hand (manual labour) rather than by an engine. Some examples of hand tools are garden forks, secateurs, rakes, hammers, spanners, pliers, screwdrivers and chisels. Hand tools are generally less dangerous than power tools.
LPI (LP Information)' newest research report, the “Hand Tools Industry Forecast” looks at past sales and reviews total world Hand Tools sales in 2022, providing a comprehensive analysis by region and market sector of projected Hand Tools sales for 2023 through 2029. With Hand Tools sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hand Tools industry.
This Insight Report provides a comprehensive analysis of the global Hand Tools landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hand Tools portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hand Tools market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hand Tools and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hand Tools.
The global Hand Tools market size is projected to grow from US$ 15700 million in 2022 to US$ 17620 million in 2029; it is expected to grow at a CAGR of 17620 from 2023 to 2029.
The major players in global Hand Tools market include Stanley, Great Wall Precision, TTi, etc. The top 3 players hold about 30% of global shares. North America and China are main markets, they occupy over 70% of the global market. General Purpose Tools is the main type, with a share over 55%. Industrial is the key application, which hold over 80% shares.
This report presents a comprehensive overview, market shares, and growth opportunities of Hand Tools market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
General Purpose Tools
Metal Cutting Tools
Layout and Measuring Tools
Taps and Dies
Segmentation by application
Industrial
Household
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Stanley
Apex Tool Group
Great Wall Precision
TTi
Snap-on Inc.
Ideal Industries
Textron
Klein Tools
Wurth Group
Tajima
Knipex
Irwin
PHOENIX
Wiha
Channellock
Pro'skit
Ajay
Akar Tools
JPW Industries
JK Files
DUCK
JETECH
Excelta
Sinotools
Key Questions Addressed in this Report
What is the 10-year outlook for the global Hand Tools market?
What factors are driving Hand Tools market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hand Tools market opportunities vary by end market size?
How does Hand Tools break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.