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Hand Tools Market by Application, End-users, and Geography - Forecast and Analysis 2020-2024 - Product Image

Hand Tools Market by Application, End-users, and Geography - Forecast and Analysis 2020-2024

  • ID: 4893955
  • Report
  • November 2019
  • Region: Global
  • 158 pages
  • TechNavio
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FEATURED COMPANIES

  • Akar Auto Industries Ltd.
  • Apex Tool Group LLC
  • Emerson Electric Co.
  • IDEAL Industries Inc.
  • JPW Industries Inc.
  • Kennametal Inc.
  • MORE
Global Hand Tools Market: About this market
The hand tools market analysis considers sales from general-purpose, metal-cutting, and other applications. Our study also finds the sales of hand tools in APAC, Europe, MEA, North America, and South America. In 2019, the general-purpose segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as its applications in DIY home improvement activities will play a significant role in the general-purpose segment to maintain its market position. Also, our global hand tools market report looks at factors such as huge demand from developing economies, the popularity of DIY activities, and growing construction market. However, fluctuating raw material prices, increased demand for substitute products, and intense competition may hamper the growth of the hand tools industry over the forecast period.

Global Hand Tools Market: Overview

Growing construction market
The construction industry is one of the major end-user of hand tools. The growth of the housing market mainly supported by the increasing adoption of modern residential dwellings, the rising consumer spending on housing, and improved economic conditions. The growth of construction market can be attributed to the rising housing industry, particularly, in the advanced economies including the US. Hand tools have become popular in almost all new residential establishments. Thus, rising investments in the residential construction industry will lead to the expansion of the global hand tools market at a CAGR of over 4% during the forecast period.

Introduction of ergonomically designed hand tools
Vendors in the market are increasingly focusing on deploying innovative technologies to design hand tools to improve the operational efficiency of commercial and industrial facilities. Professionals using hand tools prefer ergonomically designed hand tools that are light in weight and have a cushioned grip to strengthen the hold of the tool. These tools improve the comfort of the users and reduce the limitations associated with hand tools. Furthermore, few organizations have also implemented regulations pertaining to the design and features of hand tools. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global hand tools market is highly fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hand tools manufacturers, that include Akar Auto Industries Ltd., Apex Tool Group LLC, Emerson Electric Co., IDEAL Industries Inc., JPW Industries Inc., Kennametal Inc., Raymond Ltd., Snap-on Inc., Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.

Also, the hand tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Akar Auto Industries Ltd.
  • Apex Tool Group LLC
  • Emerson Electric Co.
  • IDEAL Industries Inc.
  • JPW Industries Inc.
  • Kennametal Inc.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Value chain analysis
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • General-purpose - Market size and forecast 2019-2024
  • Metal cutting - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Industrial - Market size and forecast 2019-2024
  • Household - Market size and forecast 2019-2024
  • Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Introduction of ergonomically designed hand tools
  • Increase in demand for hand tools for residential applications through
  • online platforms
  • Increased M&A activities and strategic alliances
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Akar Auto Industries Ltd.
  • Apex Tool Group LLC
  • Emerson Electric Co.
  • IDEAL Industries Inc.
  • JPW Industries Inc.
  • Kennametal Inc.
  • Raymond Ltd.
  • Snap-on Inc.
  • Stanley Black & Decker Inc.
  • Techtronic Industries Co. Ltd.
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Global household appliances market
Exhibit 02: Segments of global household appliances market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Vendor: Key offerings
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Product - Market share 2019-2024 (%)
Exhibit 19: Comparison by application
Exhibit 20: General-purpose - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: General-purpose - Year-over-year growth 2020-2024 (%)
Exhibit 22: Metal cutting - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: Metal cutting - Year-over-year growth 2020-2024 (%)
Exhibit 24: Others - Market size and forecast 2019-2024 ($ millions)
Exhibit 25: Others - Year-over-year growth 2020-2024 (%)
Exhibit 26: Market opportunity by application
Exhibit 27: Customer landscape
Exhibit 28: End-user - Market share 2019-2024 (%)
Exhibit 29: Comparison by end-user
Exhibit 30: Industry (including construction) value added (constant 2010 $) 2013-2018
Exhibit 31: Industrial - Market size and forecast 2019-2024 ($ millions)
Exhibit 32: Industrial - Year-over-year growth 2020-2024 (%)
Exhibit 33: Household - Market size and forecast 2019-2024 ($ millions)
Exhibit 34: New privately owned housing units started in US by purpose and design 2015-2018 (units in thousands)
Exhibit 35: Household - Year-over-year growth 2020-2024 (%)
Exhibit 36: Market opportunity by end-user
Exhibit 37: Market share by geography 2019-2024 (%)
Exhibit 38: Geographic comparison
Exhibit 39: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 40: North America - Year-over-year growth 2020-2024 (%)
Exhibit 41: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 42: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 43: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 44: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 45: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 46: South America - Year-over-year growth 2020-2024 (%)
Exhibit 47: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 48: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 49: Key leading countries
Exhibit 50: Market opportunity
Exhibit 51: New privately owned housing units started in US by purpose and design 2015-2017 (units in thousand)
Exhibit 52: Growth rate of international steel and iron ore prices (2016-2019)
Exhibit 53: Crude oil prices: Spot prices, yearly average 2014-2018 ($/barrel)
Exhibit 54: Impact of drivers and challenges
Exhibit 55: Global Internet users 2012-2017 (% of population, as of April 24, 2018)
Exhibit 56: Vendor landscape
Exhibit 57: Landscape disruption
Exhibit 58: Vendors covered
Exhibit 59: Vendor classification
Exhibit 60: Market positioning of vendors
Exhibit 61: Akar Auto Industries Ltd. - Vendor overview
Exhibit 62: Akar Auto Industries Ltd. - Business segments
Exhibit 63: Akar Auto Industries Ltd. - Organizational developments
Exhibit 64: Akar Auto Industries Ltd. - Key offerings
Exhibit 65: Apex Tool Group LLC - Vendor overview
Exhibit 66: Apex Tool Group LLC - Product segments
Exhibit 67: Apex Tool Group LLC - Organizational developments
Exhibit 68: Apex Tool Group LLC - Key offerings
Exhibit 69: Emerson Electric Co. - Vendor overview
Exhibit 70: Emerson Electric Co. - Business segments
Exhibit 71: Emerson Electric Co. - Organizational developments
Exhibit 72: Emerson Electric Co. - Geographic focus
Exhibit 73: Emerson Electric Co. - Segment focus
Exhibit 74: Emerson Electric Co. - Key offerings
Exhibit 75: IDEAL Industries Inc. - Vendor overview
Exhibit 76: IDEAL Industries Inc. - Product segments
Exhibit 77: IDEAL Industries Inc. - Organizational developments
Exhibit 78: IDEAL Industries Inc. - Key offerings
Exhibit 79: JPW Industries Inc. - Vendor overview
Exhibit 80: JPW Industries Inc. - Business segments
Exhibit 81: JPW Industries Inc. - Organizational developments
Exhibit 82: JPW Industries Inc. - Key offerings
Exhibit 83: Kennametal Inc. - Vendor overview
Exhibit 84: Kennametal Inc. - Business segments
Exhibit 85: Kennametal Inc. - Organizational developments
Exhibit 86: Kennametal Inc. - Geographic focus
Exhibit 87: Kennametal Inc. - Segment focus
Exhibit 88: Kennametal Inc. - Key offerings
Exhibit 89: Raymond Ltd. - Vendor overview
Exhibit 90: Raymond Ltd. - Business segments
Exhibit 91: Raymond Ltd. - Organizational developments
Exhibit 92: Raymond Ltd. - Geographic focus
Exhibit 93: Raymond Ltd. - Segment focus
Exhibit 94: Raymond Ltd. - Key offerings
Exhibit 95: Snap-on Inc. - Vendor overview
Exhibit 96: Snap-on Inc. - Business segments
Exhibit 97: Snap-on Inc. - Organizational developments
Exhibit 98: Snap-on Inc. - Geographic focus
Exhibit 99: Snap-on Inc. - Segment focus
Exhibit 100: Snap-on Inc. - Key offerings
Exhibit 101: Stanley Black & Decker Inc. - Vendor overview
Exhibit 102: Stanley Black & Decker Inc. - Business segments
Exhibit 103: Stanley Black & Decker Inc. - Organizational developments
Exhibit 104: Stanley Black & Decker Inc. - Geographic focus
Exhibit 105: Stanley Black & Decker Inc. - Segment focus
Exhibit 106: Stanley Black & Decker Inc. - Key offerings
Exhibit 107: Techtronic Industries Co. Ltd. - Vendor overview
Exhibit 108: Techtronic Industries Co. Ltd. - Business segments
Exhibit 109: Techtronic Industries Co. Ltd. - Organizational developments
Exhibit 110: Techtronic Industries Co. Ltd. - Geographic focus
Exhibit 111: Techtronic Industries Co. Ltd. - Segment focus
Exhibit 112: Techtronic Industries Co. Ltd. - Key offerings
Exhibit 113: Validation techniques employed for market sizing
Exhibit 114: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Akar Auto Industries Ltd.
  • Apex Tool Group LLC
  • Emerson Electric Co.
  • IDEAL Industries Inc.
  • JPW Industries Inc.
  • Kennametal Inc.
  • MORE
The following companies as the key players in the global hand tools market: Akar Auto Industries Ltd., Apex Tool Group LLC, Emerson Electric Co., IDEAL Industries Inc., JPW Industries Inc., Kennametal Inc., Raymond Ltd., Snap-on Inc., Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the introduction of ergonomically designed hand tools.”

According to the report, one of the major drivers for this market is the growing construction market.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuating raw material prices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Akar Auto Industries Ltd.
  • Apex Tool Group LLC
  • Emerson Electric Co.
  • IDEAL Industries Inc.
  • JPW Industries Inc.
  • Kennametal Inc.
  • Raymond Ltd.
  • Snap-on Inc.
  • Stanley Black & Decker Inc.
  • Techtronic Industries Co. Ltd.
Note: Product cover images may vary from those shown
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