This global Hand Tools Market study provides in-depth details about the industry, including insightful data and statistics. Additionally, the report includes records that span from the base year (2022) to the forecast period (2023-2028). This market research report, which examines various suggestions and workable growth methods with regard to the market, has established a benchmark for such a dynamic market. In addition to covering a broad range of geographical areas, the market study concentrates on certain important areas, such as North America, Europe, Asia Pacific, the Middle East, South America, and the Middle East and Africa (MEA).
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#Hand Tools Market size was USD 22.29 billion in 2020 and is projected to grow from USD 22.97 billion in 2021 to USD 30.48 billion in 2028 at a CAGR of 4.1% during the 2021-2028 period.
Overview of Hand Tools Market:
CAGR (%) : 4.1%
Forecast Value: USD 30.48 billion
Forecast Year: 2028
Report Coverage: Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and much more
The Hand Tools document includes a thorough examination of the market’s competitive environment in addition to company insights, financial information, trending developments, mergers and acquisitions, and SWOT analysis. The readers will have a precise understanding of the market as a whole from this market research, enabling them to make wise decisions. Leading international industry participants are highlighted in the document, together with details about their business profiles, specs, capacity, cost, revenue, and contact details. Determining the current market opportunities is aided by a thorough examination of the market segmentation included in this Hand Tools market study. Comprehensive data on significant factors like industry prospects, obstacles to growth, and growth drivers is also provided in this market analysis.
Key Industry Development:
– Techtronic Industries Co. Ltd., a U.S.-based hand tools manufacturer, has finalized a plan to set up a new manufacturing facility in West Bend. The facility will help the manufacturer increase its capacity to develop an enhanced hand-operated tool.
– Great Star USA, which operates as a major player in the market of hand-operated tools catering to professional home use (do it yourself) and industrial applications, has announced the acquisition of SK Professional Tools. With the acquisition, the company is eying on strengthening U.S.-based manufacturing and widening its distribution and sales channel.
This Report Also Includes:
- Fortune Business Insights™Research Methodology
- Tactics And Suggestions For New Entrants
- Segmentation Analysis
- Economic Indices
- Companies Strategic Developments
- Market Growth Drivers And Restraints
- Selected Illustrations Of The Market Penetrations And Trends
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Key Market Segments Covered in Hand Tools Market Industry Research:
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
Major Companies present in the Hand Tools Industry Report are:
- Stanley Black & Decker, Inc. (Connecticut, U.S.)
- Knipex (Wuppertal, Germany)
- Klein Tools, Inc. (Illinois, U.S.)
- Wera (Wuppertal, Germany)
- Mittalbhai Projects Pvt. Ltd. (Magadh Hand Tools) (Rajasthan, India)
- Zhejiang SALI Abrasive Technology Co., Ltd (Zhejiang, China)
- DEWALT (Maryland, U.S.)
- Pangu Industrial Co., Ltd. (Shadong, China)
- Snap-on Incorporated (Wisconsin, U.S.)
- C&A Hardware Tools Co., Ltd. (Zhejiang, China)
Table of Contents:
- Part 01: Executive Summary
- Part 02: Scope of The Report
- Part 03: Research Methodology
- Part 04: Market Landscape
- Part 05: Pipeline Analysis
- Part 06: Market Sizing
- Part 07: Five Forces Analysis
- Part 08: Market Segmentation
- Part 09: Customer Landscape
- Part 10: Regional Landscape
- Part 11: Decision Framework
- Part 12: Drivers and Challenges
- Part 13: Market Trends
- Part 14: Vendor Landscape
- Part 15: Vendor Analysis
- Part 16: Appendix
Continue….
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How does this Hand Tools Market Insights Help?
- Hand Tools Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR
- The Key parameters which are driving this market and restraining its growth
- What are the challenges manufacturers will face as well as new opportunities and threats faced by them
- To learn about the market strategies that are being adopted by your competitors and leading organizations
- To Increase insightful analyses of the market and have a comprehensive understanding of the “Hand Tools Market” and its commercial landscape
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