Hand Tools Market Size to Grow Worth $ 2.02 bn from 2021-2025 | 38% of the market growth to originate from APAC | Technavio

NEW YORK, Oct. 4, 2021 /PRNewswire/ — The hand tools market in the electrical components & equipment industry is set…

NEW YORK, Oct. 4, 2021 /PRNewswire/ — The hand tools market in the electrical components & equipment industry is set to grow by USD 2.02 billion from 2021 and 2025. Technavio’s latest market research report estimates that the hand tools market will progress at a CAGR of 4%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The huge demand from developing economies, the growing popularity of DIY activities, and the surging construction market will offer immense growth opportunities for the hand tools market players. However, factors such as fluctuating raw material prices may threaten the growth of the market.

Hand Tools Market 2021-2025: Segmentation

  • End-user
    • Industrial
    • Household
  • Application
    • General-purpose
    • Metal Cutting
    • Others
  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • MEA

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Hand Tools Market 2021-2025: Vendor Analysis and Scope

The hand tools market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Akar Auto Industries Ltd., Apex Tool Group LLC, Channellock Inc., Emerson Electric Co., IDEAL INDUSTRIES INC., JPW Industries Inc., Kennametal Inc., Snap-on Inc., Stanley Black and Decker Inc., and Techtronic Industries Co. Ltd. are some of the major market participants. Backed with competitive intelligence and benchmarking, our research reports on the hand tools market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

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Hand Tools Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist hand tools market growth during the next five years
  • Estimation of the hand tools market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the hand tools market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hand tools market vendors

Related Reports:

HSS Metal Cutting Tools Market by Product and Geography – Forecast and Analysis 2021-2025

Cutting Tool Inserts Market by Type, Application, and Geography – Forecast and Analysis 2021-2025

Hand Tools Market Scope


Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.92%

Market growth 2021-2025

$ 2.02 billion

Market structure

Fragmented

YoY growth (%)

3.65

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 38%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Akar Auto Industries Ltd., Apex Tool Group LLC, Channellock Inc., Emerson Electric Co., IDEAL INDUSTRIES INC., JPW Industries Inc., Kennametal Inc., Snap-on Inc., Stanley Black and Decker Inc., and Techtronic Industries Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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