PUBLISHER: IMARC | PRODUCT CODE: 1468542
PUBLISHER: IMARC | PRODUCT CODE: 1468542
Hand Tools Market Report by Type (Wrench, Plier, Screw Drivers, Hammers, Cable Cutter, and Others), Distribution Channel (Offline, Online), End User (DIY, Commercial, Industrial), and Region 2024-2032
The global hand tools market size reached US$ 25.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 36.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.
Hand tools represent a set of indispensable, manually operated power equipment and devices that are not powered by electricity, motor, or other energy sources. Usually manufactured from the heat and forging treatment methods, some commonly used hand tools include hammers, wrenches, cable cutters, knives, scissors, screwdrivers, pliers, saws, clamps and drills. These devices assist in shaping the object into the desired form by relying on mechanical strength and performing various manual operations, including forging, filing, chopping, and sawing. Apart from this, hand tools are cost-effective, compact, and lightweight, due to which they find extensive application in various industries. At present, they are mainly classified into laying, striking, metal cutting, holding, sharpening and grinding tool categories.
Hand Tools Market Trends:
The increasing number of construction activities, along with the rising need for repair and maintenance operations across establishments are primarily driving the hand tools market growth. This is further supported by rapid urbanization, especially in the emerging economies, and the implementation of various policies by governments of several countries promoting infrastructure development, including roads, airports, and energy utilities. In line with this, the rising demand for portable and lightweight equipment for repairing automobiles has further facilitated the widespread adoption of multiple hand tools in the automotive sector. This, in turn, is acting as another growth-inducing factor. Additionally, continuous technological advancements and the introduction of effective and contemporary hand tool kits with rust preventive coatings are contributing to the market growth. Moreover, the emerging trend of do-it-yourself (DIY) practices, particularly during the global outbreak of coronavirus disease (COVID-19) pandemic and the consequent implementation of mandatory lockdowns, has augmented the extensive deployment of hand tools to construct, repair and maintain various objects, which is supporting the market growth. Apart from this, strategic collaborations amongst key players for manufacturing multi-functional hand tools that enable a single tool to perform several operations, along with their easy availability on various distribution channels are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hand tools market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, distribution channel and end user.
Breakup by Type:
Wrench
Plier
Screw Drivers
Hammers
Cable Cutter
Others
Breakup by Distribution Channel:
Offline
Online
Breakup by End User:
DIY
Commercial
Industrial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Channellock Inc, Emerson Electric Co, Ideal Industries Inc., Ingersoll Rand, Klein Tools Inc, Martin Sprocket & Gear Inc, Snap-on Incorporated, Stanley Black & Decker Inc, Tapariatools, Techtronic Industries Co. Ltd and TOYA S.A.
Key Questions Answered in This Report
- 1. What was the size of the global hand tools market in 2023?
- 2. What is the expected growth rate of the global hand tools market during 2024-2032?
- 3. What has been the impact of COVID-19 on the global hand tools market?
- 4. What are the key factors driving the global hand tools market?
- 5. What is the breakup of the global hand tools market based on the type?
- 6. What is the breakup of the global hand tools market based on the end user?
- 7. What are the key regions in the global hand tools market?
- 8. Who are the key players/companies in the global hand tools market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Hand Tools Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Wrench
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Plier
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Screw Drivers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Hammers
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Cable Cutter
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Offline
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Online
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 DIY
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Channellock Inc
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Emerson Electric Co
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Ideal Industries Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Ingersoll Rand
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Klein Tools Inc
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Martin Sprocket & Gear Inc
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Snap-on Incorporated
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Stanley Black & Decker Inc
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Tapariatools
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Techtronic Industries Co. Ltd
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 TOYA S.A
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 Channellock Inc
List of Figures
- Figure 1: Global: Hand Tools Market: Major Drivers and Challenges
- Figure 2: Global: Hand Tools Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Hand Tools Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Hand Tools Market: Breakup by Type (in %), 2023
- Figure 5: Global: Hand Tools Market: Breakup by Distribution Channel (in %), 2023
- Figure 6: Global: Hand Tools Market: Breakup by End User (in %), 2023
- Figure 7: Global: Hand Tools Market: Breakup by Region (in %), 2023
- Figure 8: Global: Hand Tools (Wrench) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Hand Tools (Wrench) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Hand Tools (Plier) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Hand Tools (Plier) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Hand Tools (Screw Drivers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Hand Tools (Screw Drivers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Hand Tools (Hammers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Hand Tools (Hammers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Hand Tools (Cable Cutter) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Hand Tools (Cable Cutter) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Hand Tools (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Hand Tools (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Hand Tools (Offline) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Hand Tools (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Hand Tools (Online) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Hand Tools (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Hand Tools (DIY) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Hand Tools (DIY) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Hand Tools (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Hand Tools (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Hand Tools (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Hand Tools (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: North America: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: North America: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: United States: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: United States: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Canada: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Canada: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Asia-Pacific: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Asia-Pacific: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: China: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: China: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Japan: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Japan: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: India: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: India: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: South Korea: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: South Korea: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Australia: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Australia: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Indonesia: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Indonesia: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Others: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Others: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Europe: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Europe: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Germany: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Germany: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: France: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: France: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: United Kingdom: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: United Kingdom: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Italy: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Italy: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Spain: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Spain: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Russia: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Russia: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Others: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Others: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Latin America: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Latin America: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Brazil: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Brazil: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Mexico: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Mexico: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Others: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Others: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Middle East and Africa: Hand Tools Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Middle East and Africa: Hand Tools Market: Breakup by Country (in %), 2023
- Figure 78: Middle East and Africa: Hand Tools Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Global: Hand Tools Industry: SWOT Analysis
- Figure 80: Global: Hand Tools Industry: Value Chain Analysis
- Figure 81: Global: Hand Tools Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Hand Tools Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Hand Tools Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Hand Tools Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 4: Global: Hand Tools Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 5: Global: Hand Tools Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Hand Tools Market: Competitive Structure
- Table 7: Global: Hand Tools Market: Key Players
