Hand Tools Market: By Type, By Distribution Channel, By End User and Region forecast 2019-2030
Hand Tools Market: By Type, By Distribution Channel, By End User and Region forecast 2019-2030
Hand Tools Market size was valued at US$ 17,503.8 million in 2023 and is poised to grow at a CAGR of 4.7% from 2024 to 2030. The global market provides a detailed overview and that can be segmented by Type, Distribution Channel, and End User. By type, the market has been segmented into General Wrench, Plier, Screw Drivers, Hammers, Cable Cutter, and Others. The wrench segment is likely to be the largest and fastest-growing in terms of type. Based on the distribution channel the market is segmented in-store, and online. Among these, the online segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end user, the market is segmented into DIY, Commercial, and Industrial. The DIY segment accounts for the largest share in 2021. According to Precision Business Insights, the commercial is the second-largest share during the forecast period 2021-2028.
Study Period
2024-2030Base Year
2023CAGR
4.7%Largest Market
Asia PacificFastest Growing Market
North America
Rising industrial expansion worldwide and increasing number of new construction and renovation activities are expected to propel the global hand tools market growth over the forecast period
North America market is expected to witness the highest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 17,503.8 million |
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Market CAGR |
4.7% |
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By Type |
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By Distribution Channel |
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By End User |
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The hand tools market size was valued at US$ 17,503.8 million in 2023 and is set to grow at a significant CAGR of 4.7% from 2024-2030.
The major players in the global market are company Aker Tools Limited, JCBL Group, Wear, Klein Tools, Inc., Snap-On Incorporated, Stanley Black and Decker, Techtronic Industries Co. Ltd., Apex Tool Group, Klein Tools Inc. Channellock, Inc., Emerson Electric Co.
North America is the fastest-growing region for market
| 1. Executive Summary |
| 2. Global Hand Tools Market Introduction |
| 2.1. Global Hand Tools Market - Taxonomy |
| 2.2. Global Hand Tools Market -Definitions |
| 2.2.1. By Type |
| 2.2.2. By Distribution Channel |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3. Global Hand Tools Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Hand Tools Market Dynamic Factors - Impact Analysis |
| 3.6. Global Hand Tools Market - Competition Landscape |
| 4. Global Hand Tools Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Hand Tools Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Wrench |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Plier |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Screw Drivers |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Hammers |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Cable Cutter |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Hand Tools Market, By Distribution Channel, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. In Store |
| 6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Online |
| 6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Hand Tools Market Forecast, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. DIY |
| 7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Commercial |
| 7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Industrial |
| 7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Hand Tools Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Hand Tools Market - Opportunity Analysis Index, By Type, By Distribution Channel, By End User and Region, 2024 - 2030 |
| 9. North America Hand Tools Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Wrench |
| 9.1.2. Plier |
| 9.1.3. Screw Drivers |
| 9.1.4. Hammers |
| 9.1.5. Cable Cutter |
| 9.1.6. Others |
| 9.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. In Store |
| 9.2.2. Online |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. DIY |
| 9.3.2. Commercial |
| 9.3.3. Industrial |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Hand Tools Market - Opportunity Analysis Index, By Type, By Distribution Channel, By End User and Country, 2024 - 2030 |
| 9.6. North America Hand Tools Market Dynamics - Trends |
| 10. Europe Hand Tools Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Wrench |
| 10.1.2. Plier |
| 10.1.3. Screw Drivers |
| 10.1.4. Hammers |
| 10.1.5. Cable Cutter |
| 10.1.6. Others |
| 10.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. In Store |
| 10.2.2. Online |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. DIY |
| 10.3.2. Commercial |
| 10.3.3. Industrial |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Hand Tools Market - Opportunity Analysis Index, By Type, By Distribution Channel, By End User and Country, 2024 - 2030 |
| 10.6. Europe Hand Tools Market Dynamics - Trends |
| 11. Asia-Pacific Hand Tools Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Wrench |
| 11.1.2. Plier |
| 11.1.3. Screw Drivers |
| 11.1.4. Hammers |
| 11.1.5. Cable Cutter |
| 11.1.6. Others |
| 11.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. In Store |
| 11.2.2. Online |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. DIY |
| 11.3.2. Commercial |
| 11.3.3. Industrial |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Hand Tools Market - Opportunity Analysis Index, By Type, By Distribution Channel, By End User and Country, 2024 - 2030 |
| 11.6. Asia-Pacific Hand Tools Market Dynamics - Trends |
| 12. Latin America Hand Tools Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Wrench |
| 12.1.2. Plier |
| 12.1.3. Screw Drivers |
| 12.1.4. Hammers |
| 12.1.5. Cable Cutter |
| 12.1.6. Others |
| 12.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. In Store |
| 12.2.2. Online |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. DIY |
| 12.3.2. Commercial |
| 12.3.3. Industrial |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Hand Tools Market - Opportunity Analysis Index, By Type, By Distribution Channel, By End User and Country, 2024 - 2030 |
| 12.6. Latin America Hand Tools Market Dynamics - Trends |
| 13. Middle East and Africa Hand Tools Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Wrench |
| 13.1.2. Plier |
| 13.1.3. Screw Drivers |
| 13.1.4. Hammers |
| 13.1.5. Cable Cutter |
| 13.1.6. Others |
| 13.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. In Store |
| 13.2.2. Online |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. DIY |
| 13.3.2. Commercial |
| 13.3.3. Industrial |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Hand Tools Market - Opportunity Analysis Index, By Type, By Distribution Channel, By End User and Country, 2024 - 2030 |
| 13.6. MEA Hand Tools Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Akar Tools Limited |
| 14.2.2. JCBL Group |
| 14.2.3. Wera |
| 14.2.4. Klein Tools, Inc. |
| 14.2.5. Snap-On Incorporated., |
| 14.2.6. Stanley Black and Decker, |
| 14.2.7. Techtronic Industries Co. Ltd., |
| 14.2.8. Apex Tool Group, |
| 14.2.9. Klein Tools Inc., |
| 14.2.10. Channellock, Inc., |
| 14.2.11. Emerson Electric Co. |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
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