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By Key Players, Application, Type, Market Share, Forecast to 2026 – X herald

The global hand tools market is estimated to record a substantial CAGR of 2.8% during the forecast period (2020-2026). Hand tools today are highly driven by external factors including the usage environment. The evolution in the segment also happens through technification of its driving force, which is increasingly less dependent on human strength. Further, the current scenario for the tools industry is moving in the direction of greater technification, alongside greater autonomy and the mode of operation. Despite the consistent changes in the tools industry, the four principles of percussion, cutting, leverage, and rotation are set to be a standard in the coming years as well.

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The global hand tools market suffered a slowdown on account of the COVID-19 crisis as most of the economic activities were halted in 2020, especially during Q1 and Q2 2020. Most of the major revenue-generating end-users such as construction, automotive, commercial renovation, and home improvement activities were affected, leading to a decline in sales of hand tools. The curfew and lockdown procedures prevented the extensive application of hand tools by workers and contractors, thereby affecting the overall revenue generation for the market during the period. The utilization of hand drills, wrenches, drivers, cutters, and saws, which were considered as the major revenue-generating tools in the market, was potentially reduced during the early part of 2020.

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Market Coverage

  •  Market number available for – 2019-2026
  •  Base year- 2019
  •  Forecast period- 2020-2026
  •  Segment Covered- by Tool Type and End-user
  •  Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
  •  Competitive Landscape- Apex Tool Group, LLC; Emerson Electric Co.; Snap-on Inc.; Stanley Black & Decker, Inc.; JCBL Group, and Techtronic Industries Co. Ltd.

Global Hand Tools Market Report Segment

By Tool Type

o Hammers

o Clamps and Vises

o Pliers

o Ratchets and Sockets

o Riveters

o Screwdrivers and Nut Drivers

o Wrecking Bars

o Wrenches

o Chisel and Files

o Cable and Wire Cutting Tools

o Knives and Blades

o Saws

  •  Layout and Measuring Tools

o Plumb Bob

o Try Square

By End-User

  •  Commercial
  •  Industrial
  •  Residential

Global Hand Tools Market Report Segment

North America

Europe

  •  Germany
  •  United Kingdom
  •  France
  •  Spain
  •  Italy
  •  Rest of Europe

Asia-Pacific

  •  China
  •  Japan
  •  India
  •  Rest of Asia-Pacific

Rest of the World

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