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Hand Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global hand tools market reached a value of US$ 23.52 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 30.84 Billion by 2027, exhibiting a CAGR of 4.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Hand tools represent a set of indispensable, manually operated power equipment and devices that are not powered by electricity, motor, or other energy sources. Usually manufactured from the heat and forging treatment methods, some commonly used hand tools include hammers, wrenches, cable cutters, knives, scissors, screwdrivers, pliers, saws, clamps and drills. These devices assist in shaping the object into the desired form by relying on mechanical strength and performing various manual operations, including forging, filing, chopping, and sawing. Apart from this, hand tools are cost-effective, compact, and lightweight, due to which they find extensive application in various industries. At present, they are mainly classified into laying, striking, metal cutting, holding, sharpening and grinding tool categories. 

Hand Tools Market Trends:

The increasing number of construction activities, along with the rising need for repair and maintenance operations across establishments are primarily driving the hand tools market growth. This is further supported by rapid urbanization, especially in the emerging economies, and the implementation of various policies by governments of several countries promoting infrastructure development, including roads, airports, and energy utilities. In line with this, the rising demand for portable and lightweight equipment for repairing automobiles has further facilitated the widespread adoption of multiple hand tools in the automotive sector. This, in turn, is acting as another growth-inducing factor. Additionally, continuous technological advancements and the introduction of effective and contemporary hand tool kits with rust preventive coatings are contributing to the market growth. Moreover, the emerging trend of do-it-yourself (DIY) practices, particularly during the global outbreak of coronavirus disease (COVID-19) pandemic and the consequent implementation of mandatory lockdowns, has augmented the extensive deployment of hand tools to construct, repair and maintain various objects, which is supporting the market growth. Apart from this, strategic collaborations amongst key players for manufacturing multi-functional hand tools that enable a single tool to perform several operations, along with their easy availability on various distribution channels are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hand tools market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, distribution channel and end user.

Breakup by Type:

  • Wrench
  • Plier
  • Screw Drivers
  • Hammers
  • Cable Cutter
  • Others
     

Breakup by Distribution Channel:

  • Offline
  • Online
     

Breakup by End User:

  • DIY
  • Commercial
  • Industrial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Channellock Inc, Emerson Electric Co, Ideal Industries Inc., Ingersoll Rand, Klein Tools Inc, Martin Sprocket & Gear Inc, Snap-on Incorporated, Stanley Black & Decker Inc, Tapariatools, Techtronic Industries Co. Ltd and TOYA S.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Distribution Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Channellock Inc, Emerson Electric Co, Ideal Industries Inc., Ingersoll Rand, Klein Tools Inc, Martin Sprocket & Gear Inc, Snap-on Incorporated, Stanley Black & Decker Inc, Tapariatools, Techtronic Industries Co. Ltd and TOYA S.A.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global hand tools market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hand tools market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hand tools market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hand Tools Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Wrench
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Plier
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Screw Drivers
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Hammers
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Cable Cutter
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Distribution Channel
    7.1    Offline
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Online
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End User
    8.1    DIY
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Industrial
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Channellock Inc
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Emerson Electric Co
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Ideal Industries Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Ingersoll Rand
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Klein Tools Inc
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Martin Sprocket & Gear Inc
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Snap-on Incorporated
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Stanley Black & Decker Inc
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Tapariatools
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Techtronic Industries Co. Ltd
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    TOYA S.A
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Hand Tools Market: Major Drivers and Challenges
Figure 2: Global: Hand Tools Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Hand Tools Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Hand Tools Market: Breakup by Type (in %), 2021
Figure 5: Global: Hand Tools Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Hand Tools Market: Breakup by End User (in %), 2021
Figure 7: Global: Hand Tools Market: Breakup by Region (in %), 2021
Figure 8: Global: Hand Tools (Wrench) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Hand Tools (Wrench) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Hand Tools (Plier) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Hand Tools (Plier) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Hand Tools (Screw Drivers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Hand Tools (Screw Drivers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Hand Tools (Hammers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Hand Tools (Hammers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Hand Tools (Cable Cutter) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Hand Tools (Cable Cutter) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Hand Tools (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Hand Tools (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Hand Tools (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Hand Tools (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Hand Tools (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Hand Tools (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Hand Tools (DIY) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Hand Tools (DIY) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Hand Tools (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Hand Tools (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Hand Tools (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Hand Tools (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Hand Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Hand Tools Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Hand Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Hand Tools Industry: SWOT Analysis
Figure 80: Global: Hand Tools Industry: Value Chain Analysis
Figure 81: Global: Hand Tools Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Hand Tools Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Hand Tools Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Hand Tools Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Hand Tools Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Hand Tools Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Hand Tools Market: Competitive Structure
Table 7: Global: Hand Tools Market: Key Players


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