Market Overview:
The global power and hand tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for power and hand tools in the construction, automotive, and aerospace industries. Additionally, the growing demand for electric power tools is also contributing to the growth of this market. The global power and hand tools market can be segmented on the basis of type into secateurs, hammers, spanners, and others. The secateurs segment is expected to account for a major share of this market during the forecast period owing to their widespread use in gardening applications. The hammers segment is projected to grow at a high rate during the forecast period due its use in construction applications.
Product Definition:
Power tools are any tools that use electricity or compressed air to do their work. This category includes everything from drills and saws to sanders and buffers. Hand tools, on the other hand, include all the non-powered tools you might use in your shop, such as hammers, wrenches and screwdrivers.
The importance of power and hand tools really depends on what you're trying to accomplish. If you need a lot of brute force to get the job done (e.g., cutting through metal), then a power tool is likely what you need. But if precision is more important than sheer strength (e.g.
Secateurs:
A secateurs is a tool that consists of an elongated, sharp cutting blade that is used to cut stems and branches up to 15 cm in diameter. The growth factor for the market is the growing usage of these tools in various applications such as maintenance & repair, landscaping, gardening and woodwork. Increasing urbanization coupled with rising disposable income has led to an increase in demand for gardens which further propels the growth factor for this market globally.
Hammers:
Hammers are used in hand tools and power & hand tools segments. Hammers are available in different shapes, sizes, and designs. The hammers can be classified on the basis of material from which they are made such as steel, fiberglass reinforced plastic (FRP), ceramic material or metal.
Application Insights:
The construction segment accounted for the largest revenue share of over 30% in 2017. The global construction industry is growing at a significant pace owing to the rise in demand for residential and commercial buildings, roads and other infrastructure projects. Rapid urbanization along with increasing disposable income levels of consumers has led to an increase in building & construction activities across the globe. This factor is anticipated to drive product demand over the forecast period.
The automotive sector also accounted for a considerable share in 2017 owing to rising production levels of passenger cars and heavy trucks across various regions including Asia Pacific, North America and Europe. In addition, stringent regulations regarding energy consumption coupled with increasing focus on reducing carbon emissions from vehicles will further boost product penetration within this sector during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to rising disposable income, coupled with increasing population and rapid urbanization in countries such as China and India. In addition, infrastructure development activities are also likely to drive product demand in this region.
The Asia Pacific was followed by Europe, which accounted for a revenue share of more than 20% in 2017 owing to high product adoption across various applications. However, slow growth of manufacturing sectors may hinder the market expansion over the next eight years due to lack of skilled labor force and aging industrial plants/infrastructure that require maintenance & repair works; these factors are anticipated to reduce industry penetration rates over time.
Growth Factors:
- Increasing demand from construction and automotive sectors
- Rising disposable income of consumers in developing countries
- Technological advancements in power and hand tools
- Growing popularity of do-it-yourself (DIY) projects among consumers
- Expansion of retail networks across the globe
Scope Of The Report
Report Attributes
Report Details
Report Title
Power & Hand Tools Market Research Report
By Type
Secateurs, Hammers, Spanners, Others
By Application
Electronics, Construction, Aerospace, Automobiles, Others
By Companies
Actuant, AIMCO, Allied Trade, Alltrade Tools, AMES Companies, Ancor, Apex Tool, Atlas, Black & Decker, Stanley Black & Decker, Bosch, Channellock, Chervon Holdings, Chicago Pneumatic Tool, Danaher, Daniels Manufacturing, Del City Wire, DEPRAG-Schulz, DeWALT Industrial Tools, E&R Industrial
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Power & Hand Tools Market Report Segments:
The global Power & Hand Tools market is segmented on the basis of:
Types
Secateurs, Hammers, Spanners, Others
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
Electronics, Construction, Aerospace, Automobiles, Others
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:
- Actuant
- AIMCO
- Allied Trade
- Alltrade Tools
- AMES Companies
- Ancor
- Apex Tool
- Atlas
- Black & Decker
- Stanley Black & Decker
- Bosch
- Channellock
- Chervon Holdings
- Chicago Pneumatic Tool
- Danaher
- Daniels Manufacturing
- Del City Wire
- DEPRAG-Schulz
- DeWALT Industrial Tools
- E&R Industrial
Highlights of The Power & 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:
- Secateurs
- Hammers
- Spanners
- Others
- By Application:
- Electronics
- Construction
- Aerospace
- Automobiles
- Others
- 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 Power & 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?
Power & Hand Tools is a website that offers advice and reviews on tools, including power tools. The site also includes articles about how to use specific tools, as well as product reviews.
Some of the major companies in the power & hand tools market are Actuant, AIMCO, Allied Trade, Alltrade Tools, AMES Companies, Ancor, Apex Tool, Atlas, Black & Decker, Stanley Black & Decker, Bosch, Channellock, Chervon Holdings, Chicago Pneumatic Tool, Danaher, Daniels Manufacturing, Del City Wire, DEPRAG-Schulz, DeWALT Industrial Tools, E&R Industrial.
The power & hand tools market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power & 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 Power & Hand Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power & 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 Power & 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 Power & Hand Tools Market Size & Forecast, 2018-2028
4.5.1 Power & Hand Tools Market Size and Y-o-Y Growth
4.5.2 Power & Hand Tools Market Absolute $ Opportunity
Chapter 5 Global Power & Hand Tools 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 Power & Hand Tools Market Size Forecast by Type
5.2.1 Secateurs
5.2.2 Hammers
5.2.3 Spanners
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power & Hand Tools 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 Power & Hand Tools Market Size Forecast by Applications
6.2.1 Electronics
6.2.2 Construction
6.2.3 Aerospace
6.2.4 Automobiles
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power & 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 Power & 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 Power & Hand Tools Analysis and Forecast
9.1 Introduction
9.2 North America Power & Hand Tools 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 Power & Hand Tools Market Size Forecast by Type
9.6.1 Secateurs
9.6.2 Hammers
9.6.3 Spanners
9.6.4 Others
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 Power & Hand Tools Market Size Forecast by Applications
9.10.1 Electronics
9.10.2 Construction
9.10.3 Aerospace
9.10.4 Automobiles
9.10.5 Others
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 Power & Hand Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Power & Hand Tools 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 Power & Hand Tools Market Size Forecast by Type
10.6.1 Secateurs
10.6.2 Hammers
10.6.3 Spanners
10.6.4 Others
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 Power & Hand Tools Market Size Forecast by Applications
10.10.1 Electronics
10.10.2 Construction
10.10.3 Aerospace
10.10.4 Automobiles
10.10.5 Others
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 Power & Hand Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power & Hand Tools 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 Power & Hand Tools Market Size Forecast by Type
11.6.1 Secateurs
11.6.2 Hammers
11.6.3 Spanners
11.6.4 Others
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 Power & Hand Tools Market Size Forecast by Applications
11.10.1 Electronics
11.10.2 Construction
11.10.3 Aerospace
11.10.4 Automobiles
11.10.5 Others
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 Power & Hand Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Power & Hand Tools 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 Power & Hand Tools Market Size Forecast by Type
12.6.1 Secateurs
12.6.2 Hammers
12.6.3 Spanners
12.6.4 Others
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 Power & Hand Tools Market Size Forecast by Applications
12.10.1 Electronics
12.10.2 Construction
12.10.3 Aerospace
12.10.4 Automobiles
12.10.5 Others
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) Power & Hand Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power & Hand Tools 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) Power & Hand Tools Market Size Forecast by Type
13.6.1 Secateurs
13.6.2 Hammers
13.6.3 Spanners
13.6.4 Others
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) Power & Hand Tools Market Size Forecast by Applications
13.10.1 Electronics
13.10.2 Construction
13.10.3 Aerospace
13.10.4 Automobiles
13.10.5 Others
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 Power & Hand Tools Market: Competitive Dashboard
14.2 Global Power & Hand Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Actuant
14.3.2 AIMCO
14.3.3 Allied Trade
14.3.4 Alltrade Tools
14.3.5 AMES Companies
14.3.6 Ancor
14.3.7 Apex Tool
14.3.8 Atlas
14.3.9 Black & Decker
14.3.10 Stanley Black & Decker
14.3.11 Bosch
14.3.12 Channellock
14.3.13 Chervon Holdings
14.3.14 Chicago Pneumatic Tool
14.3.15 Danaher
14.3.16 Daniels Manufacturing
14.3.17 Del City Wire
14.3.18 DEPRAG-Schulz
14.3.19 DeWALT Industrial Tools
14.3.20 E&R Industrial
