Hand Tools Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Hand Tools Market: By Type (Wrench, Plier, Screw Drivers, Hammers, Cable Cutter, Others), By Distribution Channel (In Store, Online), By End User (DIY, Commercial, Industrial) and Geography

 

 

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Report

Description

Hand Tools Market size is valued at USD 17,503.8 Million in 2021 and is expected to grow at a significant CAGR of 4.7% during the forecast period 2022 to 2028. 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.

Key Development:

In March 2021, Klein Tools, Inc. launched the Fallen Lineman Tribute Knife, a limited-edition knife honouring the lives of fallen electrical line workers.

Hand Tools Market

MARKET SUMMARY
-
4.7% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 4.7%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Hand Tools Market

  • The hand tools market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The hand tools market report gives historical, current, and future market sizes (US$ Mn) based on by type, distribution channel, end user and geography.
Key Players
  • Techtronic Industries Co. Ltd.,
  • Apex Tool Group,
  • Klein Tools Inc.,
  • Channellock, Inc.,
  • Emerson Electric Co.
Hand Tools Market Drivers

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

By region, the North America market is expected to witness the highest market share during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The hand tools market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The hand tools market report covers in-detail insights about the competitor’s 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


Location

GEOGRAPHY

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


Report

Table Of Content

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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Wrench
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
9. North America Hand Tools Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
9.6. North America Hand Tools Market Dynamics – Trends
10. Europe Hand Tools Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
10.6. Europe Hand Tools Market Dynamics – Trends
11. Asia-Pacific Hand Tools Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
11.6. Asia-Pacific Hand Tools Market Dynamics – Trends
12. Latin America Hand Tools Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
12.6. Latin America Hand Tools Market Dynamics – Trends
13. Middle East and Africa Hand Tools Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
13.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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

Report

Company Profile

  • 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.

Description

Hand Tools Market size is valued at USD 17,503.8 Million in 2021 and is expected to grow at a significant CAGR of 4.7% during the forecast period 2022 to 2028. 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.

Key Development:

In March 2021, Klein Tools, Inc. launched the Fallen Lineman Tribute Knife, a limited-edition knife honouring the lives of fallen electrical line workers.

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