The global household and DIY hand tools 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 DIY projects, rising awareness about the benefits of using hand tools, and growing popularity of home improvement projects among millennials.
The general purpose tools segment accounted for the largest share in the global household and DIY hand tools market in 2017, followed by metal cutting tools segment. The general purpose tool segment is expected to continue its dominance throughout the forecast period due to its wide range of applications across various industries such as construction, automotive repair, gardening etc, which are driving demand for these products globally.
Some Of The Growth Factors Of This Market:
- The global population is increasing, which will lead to an increase in the demand for household and DIY hand tools.
- The global economy is improving, which will lead to an increase in the demand for household and DIY hand tools.
- The cost of living is increasing, which will lead to an increase in the demand for household and DIY hand tools as people try to save money by doing more of their own work around the house themselves instead of hiring a professional or buying new items that are expensive.
- There has been a shift from manufacturing jobs to service sector jobs, leading people who used to have access to professional-grade equipment at work now have less access at home so they need more affordable options like household and DIY hand tools available for purchase on their own time frame instead of waiting until they can get it from work or borrowing it from friends or family members who still have access at work; this shift also means that there are fewer people with knowledge about how these types of equipment works so there needs be more education about how these types of equipment works available online or through other channels like trade schools so that people can learn how these types of equipment works before purchasing them on their own time frame instead of waiting until they can get it from work or borrowing it from friends or family members who still have access at work; this shift also means that there are fewer people with knowledge about how these types of equipment works so there needs be more education about how these types of equipment works available online or through other channels like trade schools so that people can learn how these types of equipment works before purchasing them on their own time frame instead of waiting until they can get it from work or borrowing them from friends or family members who still have access at work; this shift also means that there are fewer people with knowledge about how these types of equipments operates so there needs be more education about how these type equipments operates available online othrough other channels like trade schools so that peopel can learn hoow thse type equipments operate before purchsing them on ther owwn timme fram wihout waitng untiil thye cna geet tgem frm worrk r borrowng tgem frm frends r famly memers wht hve accss t worrk).
- There has been a trend towards smaller households due to divorce rates being higher than ever before, meaning less space per person but not necessarily less need for household and DIY hand tools.
Industry Growth Insights published a new data on “Household and DIY Hand Tools Market”. The research report is titled “Household and DIY Hand Tools Market research by Types (General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools, Taps and Dies), By Applications (Household Appliances, Entertainment and Consumer Electronics, IT & Telecommunications, Others), By Players/Companies Akar Tools, Apex Tool Group, Snap-on, Wera Tools, Klein Tools, Kennametal, Stanley Black & Decker, Techtronic Industries, Channellock”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Household and DIY Hand Tools Market Research Report
By Type
General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools, Taps and Dies
By Application
Household Appliances, Entertainment and Consumer Electronics, IT & Telecommunications, Others
By Companies
Akar Tools, Apex Tool Group, Snap-on, Wera Tools, Klein Tools, Kennametal, Stanley Black & Decker, Techtronic Industries, Channellock
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Household and DIY Hand Tools Market Report Segments:
The global Household and DIY Hand Tools 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
Household Appliances, Entertainment and Consumer Electronics, IT & Telecommunications, 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:
- Akar Tools
- Apex Tool Group
- Snap-on
- Wera Tools
- Klein Tools
- Kennametal
- Stanley Black & Decker
- Techtronic Industries
- Channellock
Highlights of The Household and DIY 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:
- General Purpose Tools
- Metal Cutting Tools
- Layout and Measuring Tools
- Taps and Dies
- By Application:
- Household Appliances
- Entertainment and Consumer Electronics
- IT & Telecommunications
- 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 Household and DIY 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.
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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?
Household and DIY hand tools are small, portable tools that can be used in the home or workshop. They include items like screwdrivers, hammers, saws, and drills.
Some of the key players operating in the household and diy hand tools market are Akar Tools, Apex Tool Group, Snap-on, Wera Tools, Klein Tools, Kennametal, Stanley Black & Decker, Techtronic Industries, Channellock.
The household and diy hand tools 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. Household and DIY Hand Tools 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. Household and DIY Hand Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Household and DIY Hand Tools Market - Supply Chain
4.5. Global Household and DIY Hand Tools Market Forecast
4.5.1. Household and DIY Hand Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Household and DIY Hand Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Household and DIY Hand Tools Market Absolute $ Opportunity
5. Global Household and DIY Hand Tools 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. Household and DIY Hand Tools 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 Household and DIY Hand Tools 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. Household and DIY Hand Tools Market Size and Volume Forecast by Application
6.3.1. Household Appliances
6.3.2. Entertainment and Consumer Electronics
6.3.3. IT & Telecommunications
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Household and DIY Hand Tools 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. Household and DIY Hand Tools 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 Household and DIY Hand Tools 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. Household and DIY Hand Tools 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 Household and DIY Hand Tools Demand Share Forecast, 2019-2026
9. North America Household and DIY Hand Tools 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 Household and DIY Hand Tools 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 Household and DIY Hand Tools Market Size and Volume Forecast by Application
9.4.1. Household Appliances
9.4.2. Entertainment and Consumer Electronics
9.4.3. IT & Telecommunications
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Household and DIY Hand Tools 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 Household and DIY Hand Tools Demand Share Forecast, 2019-2026
10. Latin America Household and DIY Hand Tools 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 Household and DIY Hand Tools 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 Household and DIY Hand Tools Market Size and Volume Forecast by Application
10.4.1. Household Appliances
10.4.2. Entertainment and Consumer Electronics
10.4.3. IT & Telecommunications
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Household and DIY Hand Tools 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 Household and DIY Hand Tools Demand Share Forecast, 2019-2026
11. Europe Household and DIY Hand Tools 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 Household and DIY Hand Tools 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 Household and DIY Hand Tools Market Size and Volume Forecast by Application
11.4.1. Household Appliances
11.4.2. Entertainment and Consumer Electronics
11.4.3. IT & Telecommunications
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Household and DIY Hand Tools 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 Household and DIY Hand Tools Demand Share, 2019-2026
12. Asia Pacific Household and DIY Hand Tools 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 Household and DIY Hand Tools 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 Household and DIY Hand Tools Market Size and Volume Forecast by Application
12.4.1. Household Appliances
12.4.2. Entertainment and Consumer Electronics
12.4.3. IT & Telecommunications
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Household and DIY Hand Tools 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 Household and DIY Hand Tools Demand Share, 2019-2026
13. Middle East & Africa Household and DIY Hand Tools 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 Household and DIY Hand Tools 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 Household and DIY Hand Tools Market Size and Volume Forecast by Application
13.4.1. Household Appliances
13.4.2. Entertainment and Consumer Electronics
13.4.3. IT & Telecommunications
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Household and DIY Hand Tools 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 Household and DIY Hand Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Household and DIY Hand Tools Market: Market Share Analysis
14.2. Household and DIY Hand Tools Distributors and Customers
14.3. Household and DIY Hand Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akar Tools
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. Snap-on
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Wera Tools
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Klein Tools
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kennametal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stanley Black & Decker
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Techtronic Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Channellock
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
