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Hand Tools Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Hand Tools Market - (By Type - Wrenches, Chisels, Hammers, Hand Saws, Axes, Pry Bars, Staple Guns, Hand Files, Vise, Scissors, C-Clamps, Crowbars, Hand Planer, Mallet, Screwdrivers, Pliers, Measurement Tape, and Anvils; By Distribution Channel - Online and Offline; By End User - Industrial, Professional, Residential/DIY, and others; and By Region) - Industry Dynamics, Market Size, Opportunity, and Forecast to 2030

  • Published On: 03-Aug-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0822287
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Hand Tools Market

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REPORT SCOPE

Market Size Value in 2021US$ 11246.46 Million
Expected Revenue in 2030US$ 14991.73 Million
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR3.4%
Segments coveredBy Type, By Distribution, By End-User, By Region
Key Companies                                                                    Stanley Black and Decker, Robert Bosch GmbH, MISUMI Group Inc, Milwaukee Tool Corporation, Snap-On Inc, Klein Tools, Fluke Corporation, KNIPEX Group, Weidmuller Interface GmbH and Co. KG, Emil Lux GmbH & Co. KG, Sathlwille Tools, Gedore GmbH, KS Tools Werkzeuge and Maschinen GmbH, Taparia Tools, Akar Tools Limited, Techtronic Industries Co. Ltd., Wera Tools, Apex Tool Group, Channellock, Inc., JCBL India, Emerson Electric Co., Other Prominent Players
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FREQUENTLY ASKED QUESTIONS

A hand tool is a type of tool which can be operated manually rather than a motor. Types of hand tools include wrenches, pliers, cutters, files, striking tools, struck or hammered tools, screwdrivers, vises, clamps, snips, hacksaws, drills, and knives.

The main advantages of hand tools are lighter, quieter, safer and easier to transport as compared to power tools.

Growth in construction activities in industrial, commercial, and residential projects is the major reason for the growing demand for hand tools.

Top suppliers in the hand tools market include Robert Bosch, 3M, Koki Holdings, and Metabo. 

The Global hand tools market is projected to grow at a CAGR of 3.4% during the forecast period 2022-2030 and is expected to reach US$ 14,991.73 Million by 2030. 

The available mediums to purchase hand tools are offline and online. These mediums can be further divided into e-marketplace & brand websites for online and supermarkets/hypermarkets for offline.

The offline segment holds the largest CAGR of 65% in the global hand tools market during the forecast period.

Asia-Pacific region is growing with the fastest CAGR during the forecast period. 

Hand tools require regular maintenance which results in loss of time during construction activity which obstructs the growth of the hand tools market.

The US holds the major share in terms of revenue in the North America hand tools market.

High demand for hand tools in the manufacturing and construction sector provides a lucrative growth opportunity in the hand tools market.  

Type, distribution channel, end user, and region are the different segments in the global hand tools market.