The global hand tools and accessories market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The market is driven by factors such as increasing demand for hand tools and accessories in the industrial sector, rising awareness about safety standards in the workplace, and growing demand for power tools among consumers.
The general purpose tools segment accounted for the largest share of the global hand tool and accessory market in 2017, followed by metal cutting tools segment. The general purpose tool segment is expected to continue its dominance over other segments during the forecast period due to its wide range of applications across various industries such as construction, automotive repair shops, manufacturing plants etc, which are driving growth in this segment.
Some Of The Growth Factors Of This Market:
- The increasing demand for hand tools and accessories is a major growth factor for the market.
- The increasing number of DIY enthusiasts is also a major growth factor for the market.
- The growing need to replace old tools with new ones is another growth factor for the market.
- Increasing awareness about safety standards in construction sites and factories is also a major growth factor.
- Increasing demand from emerging economies such as China, India, Brazil, Russia, and South Africa are other factors that are driving the hand tools and accessories market.
Industry Growth Insights published a new data on “Hand Tools and Accessories Market”. The research report is titled “Hand Tools and Accessories Market research by Types (General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools, Taps and Dies), By Applications (Industrial, Household), By Players/Companies Stanley, Apex Tool Group, Great Wall Precision, TTi, Snap-on, Ideal Industries, Textron, Klein Tools, Wurth Group, Tajima, Knipex, Irwin, PHOENIX, Wiha, Channellock, Pro'skit, Ajay, Akar Tools, JPW Industries, JK Files, DUCK, JETECH, Excelta, Sinotools”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hand Tools and Accessories Market Research Report
By Type
General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools, Taps and Dies
By Application
Industrial, Household
By Companies
Stanley, Apex Tool Group, Great Wall Precision, TTi, Snap-on, Ideal Industries, Textron, Klein Tools, Wurth Group, Tajima, Knipex, Irwin, PHOENIX, Wiha, Channellock, Pro'skit, Ajay, Akar Tools, JPW Industries, JK Files, DUCK, JETECH, Excelta, Sinotools
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Hand Tools and Accessories Market Report Segments:
The global Hand Tools and Accessories market is segmented on the basis of:
Types
General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools, Taps and Dies
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
Industrial, Household
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:
- Stanley
- Apex Tool Group
- Great Wall Precision
- TTi
- Snap-on
- Ideal Industries
- Textron
- Klein Tools
- Wurth Group
- Tajima
- Knipex
- Irwin
- PHOENIX
- Wiha
- Channellock
- Pro'skit
- Ajay
- Akar Tools
- JPW Industries
- JK Files
- DUCK
- JETECH
- Excelta
- Sinotools
Highlights of The Hand Tools and Accessories 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:
- General Purpose Tools
- Metal Cutting Tools
- Layout and Measuring Tools
- Taps and Dies
- By Application:
- Industrial
- Household
- 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 Hand Tools and Accessories 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.
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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?
Hand tools and accessories are items that are used with your hands to complete a task. These can include things like hammers, screwdrivers, saws, and drills.
Some of the major players in the hand tools and accessories market are Stanley, Apex Tool Group, Great Wall Precision, TTi, Snap-on, Ideal Industries, Textron, Klein Tools, Wurth Group, Tajima, Knipex, Irwin, PHOENIX, Wiha, Channellock, Pro'skit, Ajay, Akar Tools, JPW Industries, JK Files, DUCK, JETECH, Excelta, Sinotools.
The hand tools and accessories market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hand Tools and Accessories Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hand Tools and Accessories Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hand Tools and Accessories Market - Supply Chain
4.5. Global Hand Tools and Accessories Market Forecast
4.5.1. Hand Tools and Accessories Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hand Tools and Accessories Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hand Tools and Accessories Market Absolute $ Opportunity
5. Global Hand Tools and Accessories Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hand Tools and Accessories Market Size and Volume Forecast by Type
5.3.1. General Purpose Tools
5.3.2. Metal Cutting Tools
5.3.3. Layout and Measuring Tools
5.3.4. Taps and Dies
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hand Tools and Accessories Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hand Tools and Accessories Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Household
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hand Tools and Accessories Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hand Tools and Accessories Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hand Tools and Accessories Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hand Tools and Accessories Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hand Tools and Accessories Demand Share Forecast, 2019-2026
9. North America Hand Tools and Accessories Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hand Tools and Accessories Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hand Tools and Accessories Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Household
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hand Tools and Accessories Market Size and Volume Forecast by Type
9.7.1. General Purpose Tools
9.7.2. Metal Cutting Tools
9.7.3. Layout and Measuring Tools
9.7.4. Taps and Dies
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hand Tools and Accessories Demand Share Forecast, 2019-2026
10. Latin America Hand Tools and Accessories Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hand Tools and Accessories Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hand Tools and Accessories Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Household
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hand Tools and Accessories Market Size and Volume Forecast by Type
10.7.1. General Purpose Tools
10.7.2. Metal Cutting Tools
10.7.3. Layout and Measuring Tools
10.7.4. Taps and Dies
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hand Tools and Accessories Demand Share Forecast, 2019-2026
11. Europe Hand Tools and Accessories Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hand Tools and Accessories Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hand Tools and Accessories Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Household
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hand Tools and Accessories Market Size and Volume Forecast by Type
11.7.1. General Purpose Tools
11.7.2. Metal Cutting Tools
11.7.3. Layout and Measuring Tools
11.7.4. Taps and Dies
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hand Tools and Accessories Demand Share, 2019-2026
12. Asia Pacific Hand Tools and Accessories Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hand Tools and Accessories Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hand Tools and Accessories Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Household
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hand Tools and Accessories Market Size and Volume Forecast by Type
12.7.1. General Purpose Tools
12.7.2. Metal Cutting Tools
12.7.3. Layout and Measuring Tools
12.7.4. Taps and Dies
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hand Tools and Accessories Demand Share, 2019-2026
13. Middle East & Africa Hand Tools and Accessories Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hand Tools and Accessories Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hand Tools and Accessories Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Household
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hand Tools and Accessories Market Size and Volume Forecast by Type
13.7.1. General Purpose Tools
13.7.2. Metal Cutting Tools
13.7.3. Layout and Measuring Tools
13.7.4. Taps and Dies
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hand Tools and Accessories Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hand Tools and Accessories Market: Market Share Analysis
14.2. Hand Tools and Accessories Distributors and Customers
14.3. Hand Tools and Accessories Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stanley
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Apex Tool Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Great Wall Precision
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TTi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Snap-on
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ideal Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Textron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Klein Tools
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wurth Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tajima
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Knipex
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Irwin
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. PHOENIX
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Wiha
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Channellock
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Pro'skit
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ajay
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Akar Tools
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. JPW Industries
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. JK Files
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
