- Wrench,
- Plier,
- Screw Drivers,
- Hammers,
- Cable Cutter,
- Others
Hand Tools Market size was valued at USD 17,503.8 million in 2022 and is poised to grow at a CAGR of 4.7% from 2023 to 2029. The global market provides a detailed overview and that can be segmented by Type, Distribution Channel, and End User. By type, the hand tools 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 segment in terms of type. Based on the distribution channel the hand tools 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 hand tools market is segmented into DIY, Commercial, and Industrial. The DIY segment accounts for the largest share in 2021. The commercial is the second-largest share during the forecast period 2021-2028 according to precision business insights.
Hand Tools Market Key Developments:
- In March 2021, Klein Tools, Inc. launched the Fallen Lineman Tribute Knife, a limited-edition knife honoring the lives of fallen electrical line workers.
Hand Tools Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.7%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Hand Tools Market Dynamics
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 Got Significant Share
Hand Tools Market Regional Analysis
By region, the North America market is expected to witness the highest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The hand tools market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The hand tools market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The hand tools market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The hand tools market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The hand tools market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Hand Tools Market Segmentation
By Type
By Distribution Channel
- In Store,
- Online
By End User
- DIY,
- Commercial,
- Industrial
Frequently Asked Questions
The hand tools market is projected to expand at a CAGR of 4.7% during the forecast period.
The major players in the global hand tools 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 hand tools 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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 5.1. Wrench |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 9. North America Hand Tools Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 9.6. North America Hand Tools Market Dynamics - Trends |
| 10. Europe Hand Tools Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 10.6. Europe Hand Tools Market Dynamics - Trends |
| 11. Asia-Pacific Hand Tools Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 11.6. Asia-Pacific Hand Tools Market Dynamics - Trends |
| 12. Latin America Hand Tools Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 12.6. Latin America Hand Tools Market Dynamics - Trends |
| 13. Middle East and Africa Hand Tools Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 13.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- Akar Tools Limited
- JCBL Group
- Wera
- 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.