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