Hand Tools Market Research Insights 2022-28
The global hand tools market size is valued at USD 17,503.8 million in 2021 and is anticipated to grow at a significant CAGR rate of 4.7% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on. The research report “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 - Global/Region/Country Forecast to 2028.
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Increase
in the global industrial expansion is estimated to bolster the Hand Tools
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. This market
report covers in-detail insights about the competitor’s overview, company share
analysis, major innovations and their key strategies. The market report
provides granular level information regarding the market size and regional
market share
The global market aims at providing
a comprehensive overview on the hand
tools market which can be classified on the basis of Distribution Channel, End
User and Type. The hand tools market has been classified into different sectors
such as Cable Cutter, Screw Drivers, General
Wrench, Plier, Hammers and Others on the basis of type. Among these sectors,
the wrench sector is likely to be the rapidly-growing and biggest sector. The
hand tools market is categorized into different segments such as in-store, and
online based on the distribution channel. The online segment among other
segments is expected to witness the fastest-growing market during the forecast
period 2022-2028. The hand tools market is classified into different segments
such as DIY, Commercial, and Industrial on the basis of end user. Among these
segments, the DIY segment witnesses the largest share in 2021and the commercial
is the second-largest share during the forecast period 2021-2028 according
to precision business insights.
The growing number of
new construction and renovation activities and the increasing global industrial
expansion are anticipated to boost the global hand tools market growth over the
future period.
North America accounted for major share in the Hand Tools Market:
The hand tools market report gives
complete outlook around the region with special emphasis on the major regions
such as Asia Pacific, Latin America, Middle East, North America, Europe and
Africa. Among other regions, North America market is anticipated to witness the
highest market share during the estimation time span.
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Competitive
Analysis - Hand
Tools Market:
A few major players working in the
hand tools market are Techtronic Industries Co. Ltd., Apex Tool Group,, Klein
Tools Inc., Channellock, Inc. and Emerson Electric Co. Klein
Tools, Inc. launched the Fallen Lineman Tribute Knife, a limited-edition knife honoring
the lives of fallen electrical line workers in March 2021. Key players in the
market focus on adopting major strategies to enhance their product portfolio.
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