Market Overview:
The global industrial hand tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hand tools in various industries such as automotive, construction, and aerospace. In addition, the growing demand for portable and lightweight hand tools is also contributing to the growth of this market. Based on type, the global industrial hand tools market can be segmented into holter monitors, event monitors, mobile cardiac telemetry (MCT), and other types of hand tools. The holter monitor segment is expected to account for a major share of this market during the forecast period owing to its increasing use in hospitals and ambulatory care centers across the globe. Based on application, the global industrial handtools market can be divided into hospitals, ambulatory care centers (ACCs), and other applications such as research institutes and defense establishments.
Product Definition:
Industrial hand tools are used in a variety of industries to complete tasks such as measuring, cutting, and fastening. Some common industrial hand tools include wrenches, screwdrivers, hammers, and pliers.
The importance of industrial hand tools lies in their ability to help workers complete tasks safely and efficiently. Industrial hand tools can help workers measure accurately, cut materials precisely, and fasten objects securely. Additionally, many industrial hand tools are designed for heavy-duty use and can withstand harsh conditions.
Holter Monitor:
A Holter monitor is a device used to measure the force, torque or power that a person is able to exert on tools. It does this by monitoring the heart and measuring any arrhythmia that may occur in it. The tool measurement taken using this device includes hand tools, power tools and assembly equipment like wrenches, screwdrivers etc.
Event Monitors:
Industrial hand tools include pliers, wrenches, screwdrivers and other similar devices. These are used in various industrial applications such as automotive & transportation, manufacturing industries and construction among others. The demand for these products is expected to grow over the forecast period owing to the growing number of manufacturing units in developing countries across Asia Pacific region.
Application Insights:
The other application segment includes industrial machinery and equipment manufacturing companies, research institutes, educational institutions and others. Other applications include the use of event monitors for detecting arrhythmia or any other abnormality in the heart rate. These devices are used along with Holter monitoring to detect any type of cardiac disorder. The global market is expected to witness a rise in demand due to increasing awareness among individuals regarding early detection of cardiac disorders coupled with rising prevalence rates globally.
Based on the application, the global market has been classified into hospitals, ambulatory care centers and others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing healthcare spending, rising geriatric population, improving economic conditions and a high prevalence of chronic diseases. In addition, favorable government initiatives pertaining to hospital construction are anticipated to drive demand for industrial hand tools in this region.
The Asia Pacific is home to some of the developing countries such as China and India that have been experiencing strong economic growth over the past few years. These countries are also among those with a large base of geriatric population who require continuous monitoring & care throughout their lifetime due to which there is an increased demand for telemetry systems & devices along with other medical supplies & equipment used in hospitals or ambulatory care centers; these factors are expected favorably impact industry growth during the forecast period.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of hand tools among DIY enthusiasts
- Rising disposable income of consumers in developing countries
- Proliferation of online retail platforms that offer discounts on hand tools
- Technological advancements that result in the development of new and innovative hand tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Hand Tools Market Research Report
By Type
Holter Monitor, Event Monitors, Mobile Cardiac Telemetry, Other
By Application
Hospitals, Ambulatory Care Centers, Other
By Companies
Medtronic, Abbott, GE Healthcare, Philips Healthcare, Hill-Rom, Medicomp, Schiller, Spacelabs Healthcare, Applied Cardiac Systems, iRhythm, Bio Telemetry, Medicalgorithmics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Hand Tools Market Report Segments:
The global Industrial Hand Tools market is segmented on the basis of:
Types
Holter Monitor, Event Monitors, Mobile Cardiac Telemetry, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Care Centers, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Abbott
- GE Healthcare
- Philips Healthcare
- Hill-Rom
- Medicomp
- Schiller
- Spacelabs Healthcare
- Applied Cardiac Systems
- iRhythm
- Bio Telemetry
- Medicalgorithmics
Highlights of The Industrial Hand Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Holter Monitor
- Event Monitors
- Mobile Cardiac Telemetry
- Other
- By Application:
- Hospitals
- Ambulatory Care Centers
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Hand Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial hand tools are typically used in industrial settings to perform tasks such as welding, cutting, and drilling.
Some of the major players in the industrial hand tools market are Medtronic, Abbott, GE Healthcare, Philips Healthcare, Hill-Rom, Medicomp, Schiller, Spacelabs Healthcare, Applied Cardiac Systems, iRhythm, Bio Telemetry, Medicalgorithmics.
The industrial hand tools market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Hand Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Hand Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Hand Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Hand Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Hand Tools Market Size & Forecast, 2020-2028
4.5.1 Industrial Hand Tools Market Size and Y-o-Y Growth
4.5.2 Industrial Hand Tools Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Holter Monitor
5.2.2 Event Monitors
5.2.3 Mobile Cardiac Telemetry
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Care Centers
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Hand Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Hand Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Holter Monitor
9.6.2 Event Monitors
9.6.3 Mobile Cardiac Telemetry
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Care Centers
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Holter Monitor
10.6.2 Event Monitors
10.6.3 Mobile Cardiac Telemetry
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Care Centers
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Holter Monitor
11.6.2 Event Monitors
11.6.3 Mobile Cardiac Telemetry
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Care Centers
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Holter Monitor
12.6.2 Event Monitors
12.6.3 Mobile Cardiac Telemetry
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Care Centers
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Holter Monitor
13.6.2 Event Monitors
13.6.3 Mobile Cardiac Telemetry
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Care Centers
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Hand Tools Market: Competitive Dashboard
14.2 Global Industrial Hand Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott
14.3.3 GE Healthcare
14.3.4 Philips Healthcare
14.3.5 Hill-Rom
14.3.6 Medicomp
14.3.7 Schiller
14.3.8 Spacelabs Healthcare
14.3.9 Applied Cardiac Systems
14.3.10 iRhythm
14.3.11 Bio Telemetry
14.3.12 Medicalgorithmics
