Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Mechanical Hand Tools Market by Type (Wrenches, Hammers, Scissors, Other), By Application (Automotive, Engineering & Construction, Shipping & Aerospace, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Mechanical Hand Tools Market by Type (Wrenches, Hammers, Scissors, Other), By Application (Automotive, Engineering & Construction, Shipping & Aerospace, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 135241 3300 Machinery & Equipment 377 241 Pages 4.6 (34)
                                          

Market Overview:


The global mechanical 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 hand tools in automotive, engineering & construction, shipping & aerospace, and other applications. Additionally, the growing demand for precision-based hand tools is also contributing to the growth of this market.


Global Mechanical Hand Tools Industry Outlook


Product Definition:


A mechanical hand tool is a device that allows a user to apply or transmit mechanical power to an object. These devices are often used in trades such as carpentry, metalworking, and plumbing. Some common examples of mechanical hand tools include hammers, screwdrivers, wrenches, and saws.


Wrenches:


Wrenches are used in mechanical hand tools for the purpose of applying force in a controlled manner. The basic function of any tool is to apply force and torque, which can be done by hand or with the help of machines. Wrenches have evolved over time from being simple manual devices to highly sophisticated machine tools that incorporate multiple functions into a single unit.


Hammers:


Hammers are used in mechanical hand tools for various operations such as driving, prying, lifting and striking. The material of the hammer determines its strength and durability. Hammers can be made from different materials including iron, steel alloys or carbon fiber depending on the application requirements. For instance; a cold-chisel type hammer is primarily used to shape metal whereas a sledgehammer is typically employed for construction work or demolition activities.


Application Insights:


The automotive application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the increasing production of electric and hybrid vehicles, which require a large number of mechanical hand tools. Moreover, rising demand for high-performance tools from various automotive manufacturers is expected to drive the market over the forecast period.


The engineering and construction application segment is anticipated to witness significant growth during the forecast period owing to an increase in residential and commercial construction activities across developed as well as developing countries such as India, China, South Africa etc. Rising preference for advanced products with features such as Bluetooth connectivity among others is expected to boost product adoption among end users in this sector.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in several emerging economies, such as China and India. Factors such as low-cost labor, availability of raw materials, and high demand from end-use industries are anticipated to drive the regional market.


The Asia Pacific region is home to some of the major manufacturers who offer a wide range of products at competitive prices owing to lower production costs associated with this region. Furthermore, increasing foreign investments coupled with favorable government policies are likely to boost product penetration across various application segments over the next eight years.           North America accounted for a significant share in terms of revenue due to presence of prominent players operating within this region including Leatherman Tool Group Inc.; Gerber Products Inc.; Stanley Black And Decker; Emerson Electric Co.; Vollrath Industries Inc.


Growth Factors:


  • Increasing demand for hand tools in the automotive and construction industries
  • Rising popularity of do-it-yourself (DIY) projects among consumers
  • Growing demand for ergonomic and lightweight hand tools
  • Proliferation of online marketplaces that offer a wide selection of hand tools at competitive prices
  • Introduction of innovative hand tool designs that meet the needs of specific applications

Scope Of The Report

Report Attributes

Report Details

Report Title

Mechanical Hand Tools Market Research Report

By Type

Wrenches, Hammers, Scissors, Other

By Application

Automotive, Engineering & Construction, Shipping & Aerospace, Other

By Companies

Snap-on (CDI), Norbar, Proto, TONE, Tohnichi, Enerpac, TEKTON, FACOM, SATA Tools, Armstrong, Precision Instruments, Craftsman, Powermaster, Hytorc, Plarad, Mountz, K-Tool, Primo Tools, Park Tool, Jinan Hanpu

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

241

Number of Tables & Figures

169

Customization Available

Yes, the report can be customized as per your need.


Global Mechanical Hand Tools Market Report Segments:

The global Mechanical Hand Tools market is segmented on the basis of:

Types

Wrenches, Hammers, Scissors, 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

Automotive, Engineering & Construction, Shipping & Aerospace, 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:

  1. Snap-on (CDI)
  2. Norbar
  3. Proto
  4. TONE
  5. Tohnichi
  6. Enerpac
  7. TEKTON
  8. FACOM
  9. SATA Tools
  10. Armstrong
  11. Precision Instruments
  12. Craftsman
  13. Powermaster
  14. Hytorc
  15. Plarad
  16. Mountz
  17. K-Tool
  18. Primo Tools
  19. Park Tool
  20. Jinan Hanpu

Global Mechanical Hand Tools Market Overview


Highlights of The Mechanical Hand Tools Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Wrenches
    2. Hammers
    3. Scissors
    4. Other
  1. By Application:

    1. Automotive
    2. Engineering & Construction
    3. Shipping & Aerospace
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Mechanical 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

Global Mechanical Hand Tools Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Mechanical hand tools are tools that use the power of motion to perform tasks. They include drills, saws, hammers, and screwdrivers.

Some of the major companies in the mechanical hand tools market are Snap-on (CDI), Norbar, Proto, TONE, Tohnichi, Enerpac, TEKTON, FACOM, SATA Tools, Armstrong, Precision Instruments, Craftsman, Powermaster, Hytorc, Plarad, Mountz, K-Tool, Primo Tools, Park Tool, Jinan Hanpu.

The mechanical hand tools market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Mechanical 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. Mechanical 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. Mechanical Hand Tools Market - Supply Chain
   4.5. Global Mechanical Hand Tools Market Forecast
      4.5.1. Mechanical Hand Tools Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Mechanical Hand Tools Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Mechanical Hand Tools Market Absolute $ Opportunity

5. Global Mechanical 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. Mechanical Hand Tools Market Size and Volume Forecast by Type
      5.3.1. Wrenches
      5.3.2. Hammers
      5.3.3. Scissors
      5.3.4. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Mechanical 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. Mechanical Hand Tools Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Engineering & Construction
      6.3.3. Shipping & Aerospace
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Mechanical 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. Mechanical 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 Mechanical 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. Mechanical 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 Mechanical Hand Tools Demand Share Forecast, 2019-2029

9. North America Mechanical 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 Mechanical 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 Mechanical Hand Tools Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Engineering & Construction
      9.4.3. Shipping & Aerospace
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Mechanical Hand Tools Market Size and Volume Forecast by Type
      9.7.1. Wrenches
      9.7.2. Hammers
      9.7.3. Scissors
      9.7.4. Other
   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 Mechanical Hand Tools Demand Share Forecast, 2019-2029

10. Latin America Mechanical 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 Mechanical 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 Mechanical Hand Tools Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Engineering & Construction
      10.4.3. Shipping & Aerospace
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Mechanical Hand Tools Market Size and Volume Forecast by Type
      10.7.1. Wrenches
      10.7.2. Hammers
      10.7.3. Scissors
      10.7.4. Other
   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 Mechanical Hand Tools Demand Share Forecast, 2019-2029

11. Europe Mechanical 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 Mechanical 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 Mechanical Hand Tools Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Engineering & Construction
      11.4.3. Shipping & Aerospace
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Mechanical Hand Tools Market Size and Volume Forecast by Type
      11.7.1. Wrenches
      11.7.2. Hammers
      11.7.3. Scissors
      11.7.4. Other
  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 Mechanical Hand Tools Demand Share, 2019-2029

12. Asia Pacific Mechanical 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 Mechanical 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 Mechanical Hand Tools Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Engineering & Construction
      12.4.3. Shipping & Aerospace
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Mechanical Hand Tools Market Size and Volume Forecast by Type
      12.7.1. Wrenches
      12.7.2. Hammers
      12.7.3. Scissors
      12.7.4. Other
   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 Mechanical Hand Tools Demand Share, 2019-2029

13. Middle East & Africa Mechanical 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 Mechanical 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 Mechanical Hand Tools Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Engineering & Construction
      13.4.3. Shipping & Aerospace
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Mechanical Hand Tools Market Size and Volume Forecast by Type
      13.7.1. Wrenches
      13.7.2. Hammers
      13.7.3. Scissors
      13.7.4. Other
   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 Mechanical Hand Tools Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Mechanical Hand Tools Market: Market Share Analysis
   14.2. Mechanical Hand Tools Distributors and Customers
   14.3. Mechanical Hand Tools Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Snap-on (CDI)
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Norbar
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Proto
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. TONE
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Tohnichi
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Enerpac
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. TEKTON
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. FACOM
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. SATA Tools
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Armstrong
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Precision Instruments
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Craftsman
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Powermaster
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Hytorc
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Plarad
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Mountz
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. K-Tool
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Primo 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. Park Tool
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Jinan Hanpu
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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