Global Hand Tools Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hand Tools Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A hand tool is any tool that is driven by the hand instead of a motor. Hand tools come in different types and can be used for any type of work. The categories of hand tools include Tape Measures, Hammers, Wrenches, Pipe Wrenches, Pliers, Screwdrivers and many others.

Market Overview:

The latest research study on the global Hand Tools market finds that the global Hand Tools market reached a value of USD 24694.94 million in 2022. It’s expected that the market will achieve USD 33074.68 million by 2028, exhibiting a CAGR of 4.99% during the forecast period.

Advantages of Hand Tools

Hand tools have several advantages over power tools. First, the user has more control over the use of hand tools than power tools. For example, if you are tightening a screw or removing a nut, using hand tools can prevent overtightening the screw, screwing the screw head, or damaging the nut and cross-threading. And power tools and control efforts. Second, hand tools do not require electricity to operate. Hand tools are mobile devices that can be used without power at any time and anywhere of the day. In addition, hand tools do not require much maintenance, and hand tools are lightweight, flexible and easy to handle. Hand tools are not bulky and can be used in tight or confined spaces. Hand tools are less expensive and more versatile than power tools. Therefore, there are more downstream customers buying hand tools, which is driving the development of the hand tool industry.

Wide range of downstream applications

There are many kinds of hand tools, including wrenches, pliers, screwdrivers, tape measures, hammers, etc. Different types of hand tools can meet the needs of users in different scenarios. Therefore, the application range of hand tools is very wide. Hand tools are used in everyday gardening, furniture repairs, car repairs, DIY projects, building construction, home improvement, and many other areas. For example, tape measures are often used in construction, decorating, and making wooden furniture. Some series of products such as hammers, wrenches, screwdrivers, pliers, etc. are often used in house construction and decoration. The development of these fields is inseparable from the support of various manual tools. Generally speaking, the downstream application of hand tools is very extensive, and it goes deep into people's daily life and the development of various industries. Wide range of downstream applications is one of the important factors driving the industry.

Region Overview:

In 2021, the share of the Hand Tools market in United States stood at 31.24%.

Company Overview:

Stanley Black and Decker is one of the major players operating in the Hand Tools market, holding a share of 18.42% in 2022.

Stanley Black & Decker is headquartered in the United States. Stanley Black & Decker, Inc., formerly The Stanley Works, is a Fortune 500 U.S. manufacturer of industrial tools and home hardware and supplier of security products.

Apex Tool Group (ATG) is one of the world's largest manufacturers of professional hand and power tools, serving the industrial, vehicle service and assembly, aerospace, electronics, construction and serious DIY markets. Apex Tool Group's portfolio of innovative brands includes SATA®, GEARWRENCH®, Crescent®, Cleco®, Weller® and APEX®. Apex Tool Group also manufactures a selection of top of the line private label machine tools. ATG works with distributors, retailers and key accounts around the world.

Snap-On Inc is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and system solutions. Products and services include hand and power tools, tool storage, diagnostic software, information and management systems, workshop equipment and other solutions for automotive dealerships and repair centers, as well as customers in the aerospace, agriculture, construction, government and other industries.

Segmentation Overview:

By type, Wrenches segment accounted for the largest share of market in 2021.

Tape Measures

Tape Measures are flexible rulers for measuring size or distance. It consists of cloth tape, plastic tape, fiberglass tape or metal tape with linear measurement marks.

Hammers

Hammers are a genus of hammering tools that are widely used for nailing, forging, and breaking objects.

Wrenches

Wrenches are tools used to turn bolts, nuts, and other objects that are difficult to turn by hand.

Pipe Wrenches

Pipe Wrenches are adjustable wrenches mostly used on pipes.

Pliers

Pliers are hand tools, mostly used to hold objects securely, or to cut and bend tough materials such as wires.

Screwdrivers

Screwdrivers are tools used to tighten or loosen screws. There are two common ones, one word and one cross.

Snips and Shears

Snips and Shears are hand tools for cutting sheet metal and other tough fiber webs.

Knives

Knives usually come with a handle or shank for hand-holding, and a blade for cutting.

Cable Cutters

Cable cutters or wire cutters are usually hand-held tools that require a simple hand operation or two, using two steel blades to cut wires or cables, similar to a pair of scissors.

Bolt Cutters

Bolt Cutters is a tool for cutting bolts, chains, padlocks, rebar and barbed wire. It usually has a long handle and short blade with a compound hinge to maximize leverage and cutting force.

Pry Bars

Pry Bars are metal bar-based tools that feature a sharpened end that is curved and flattened on one side to cut into narrower angles, allowing the user to pry open objects.

Levels

Levels are rulers used to detect or measure horizontality and verticality. Levels has a level bubble, which can be used for inspection, measurement, and debugging whether the equipment is installed level.

Squares

A square is a tool used for marking and referencing a 90° angle, though mitre squares are used for 45° angles. Squares see common use in woodworking, metalworking, construction and technical drawing. Some squares incorporate a scale for measuring distances (a ruler) or for calculating angles.

Clamps

Clamps are versatile tools that serve to temporarily hold work securely in place. They are used for many applications including carpentry, woodworking, furniture making, welding, construction and metal working.

Application Overview:

The market's largest segment by application is the segment Offline, with a market share of 83.04% in 2021.

Key Companies in the global Hand Tools market covered in Chapter 3:

Taparia Tools
Klein Tools
KS Tools Werkzeuge and Maschinen GmbH
MISUMI Group Inc
Wiha Tools Ltd.
STAHLWILLE
GreatStar
Gedore GmbH
Bessey
Estwing
Snap-On Inc
Malco
KNIPEX Group
Swanson (Allemand family)
Milwaukee Tool Corporation
Pony Jorgensen
Apex Tool Group
Stanley Black and Decker
Midwest
Ideal Industries, Inc.
Vaughan
Tajima
Wera Tools
Empire
RIDGID Tools (Emerson)
Techtronic Industries Co. Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Hand Tools market from 2018 to 2029 is primarily split into:

Tape Measures
Hammers
Wrenches
Pipe Wrenches
Pliers
Screwdrivers
Snips and Shears
Knives
Cable Cutters
Bolt Cutters
Pry Bars
Levels
Squares
Clamps

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hand Tools market from 2018 to 2029 covers:

Online
Offline

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)