The global demand for smart hand tools market valued USD 16.69 Billion in 2018 is expected to reach around USD 24.88 Billion in 2025, at a CAGR of above 5.87% between 2019 and 2025. Smart hand tools are widely used in automotive, manufacturing and construction industries. There are different types of smart hand tools, such as layout and measuring tools, general purpose tools and metal cutting that are used for measuring, cutting, screwing, and fabricating among others. Smart hand tools are widely available in the market and are supplied through retailers, distributors, and online. The global smart hand tools market is anticipated to grow quickly over the forecast period, owing to rising demand from sectors such as automotive and construction. In addition, growing awareness regarding ergonomics and labor safety are some other factors fueling the demand for smart hand tools market. However, the fluctuating costs of raw materials may hamper the market growth. But, the expansion of electronic retailing is likely to offer new growth opportunities in the smart hand tools market in the near future.
The global smart hand tools market is categorized into product type, sales channel and end-user. Based on product type, the smart hand tools market is segmented into general purpose tools, layout and measuring tools, taps and dies, and metal cutting tools. General purpose tools dominated the market in the year 2018 and are expected to continue its dominance throughout the forecast period, due to rising product demand for residential and commercial construction activities. Metal cutting tools are predicted to grow at the fastest rate in the coming years. On the basis of sales channel, the global smart hand tools market is fragmented into retail sales, online sales, and distributor sales. The online sales channel is expected to register the highest CAGR over the forecast timeframe, owing to growing demand for the e-commerce platform.
The North American smart hand tool market held the highest market share for smart hand tools in 2018 and is anticipated to preserve its dominant position over the forecast period. The growing demand for smart hand tools for industrial applications and rapid expansion of the construction industry are factors driving the smart hand tools market in North America. Moreover, the government focus on infrastructure development is also expected to boost the smart hand tools market growth in the region.
The European smart hand tools market was the second largest emerging market in 2018. The rising demand for smart hand tools from various industries, such as construction, automotive and others have contributed to the regional market’s growth. Additionally, growing concerns related to ergonomics and labor safety are also likely to enhance the demand for smart hand tools in the region.
Asia Pacific smart hand tools market is anticipated to grow at a fastest rate, owing to accelerating construction activities in developing economies such as China, India, Indonesia, Vietnam and Philippines.
Rapid industrialization in Latin America is one of the major drivers of the smart hand tools market. The rapid demand for smart hand tools in the automotive sector is likely to drive the regional market. Brazilian market made the maximum contribution and is expected to be the largest regional contributor over the forecast period. The flourishing automotive and construction industries in the region are expected to fuel the market growth in the estimated timeframe.
The Middle Eastern and African smart hand tools market is expected to grow substantially, due to growing demand for smart hand tools in manufacturing and oil and gas industries.
The key players in the smart hand tools market are Snap-on Industrial, Klein Tools, Xinapse Systems Ltd., JK Files (India) Limited, Stanley Black Decker, Siemens Healthineers, Akar Tools Ltd., Mirada Medical Limited, Mim Software, Inc., Sciencesoft USA Corporation, Kennametal Inc., Channellock, Inc., Apex Tools Group, and Wera Tools among others.
The report segments the smart hand tools market as follows:
Global Smart Hand Tools Market: Product Type Segment Analysis
Global Smart Hand Tools Market: Sales Channel Segment Analysis
Global Smart Hand Tools Market: End-User Segment Analysis
Global Smart Hand Tools Market: Regional Segment Analysis
The global smart hand tools market is categorized into product type, sales channel and end-user. Based on product type, the smart hand tools market is segmented into general purpose tools, layout and measuring tools, taps and dies, and metal cutting tools. General purpose tools dominated the market in the year 2018 and are expected to continue its dominance throughout the forecast period, due to rising product demand for residential and commercial construction activities. Metal cutting tools are predicted to grow at the fastest rate in the coming years. On the basis of sales channel, the global smart hand tools market is fragmented into retail sales, online sales, and distributor sales. The online sales channel is expected to register the highest CAGR over the forecast timeframe, owing to growing demand for the e-commerce platform.
The North American smart hand tool market held the highest market share for smart hand tools in 2018 and is anticipated to preserve its dominant position over the forecast period. The growing demand for smart hand tools for industrial applications and rapid expansion of the construction industry are factors driving the smart hand tools market in North America. Moreover, the government focus on infrastructure development is also expected to boost the smart hand tools market growth in the region.
The European smart hand tools market was the second largest emerging market in 2018. The rising demand for smart hand tools from various industries, such as construction, automotive and others have contributed to the regional market’s growth. Additionally, growing concerns related to ergonomics and labor safety are also likely to enhance the demand for smart hand tools in the region.
Asia Pacific smart hand tools market is anticipated to grow at a fastest rate, owing to accelerating construction activities in developing economies such as China, India, Indonesia, Vietnam and Philippines.
Rapid industrialization in Latin America is one of the major drivers of the smart hand tools market. The rapid demand for smart hand tools in the automotive sector is likely to drive the regional market. Brazilian market made the maximum contribution and is expected to be the largest regional contributor over the forecast period. The flourishing automotive and construction industries in the region are expected to fuel the market growth in the estimated timeframe.
The Middle Eastern and African smart hand tools market is expected to grow substantially, due to growing demand for smart hand tools in manufacturing and oil and gas industries.
The key players in the smart hand tools market are Snap-on Industrial, Klein Tools, Xinapse Systems Ltd., JK Files (India) Limited, Stanley Black Decker, Siemens Healthineers, Akar Tools Ltd., Mirada Medical Limited, Mim Software, Inc., Sciencesoft USA Corporation, Kennametal Inc., Channellock, Inc., Apex Tools Group, and Wera Tools among others.
The report segments the smart hand tools market as follows:
Global Smart Hand Tools Market: Product Type Segment Analysis
- General Purpose Tools
- Layout and Measuring Tools
- Metal Cutting Tools
- Taps and Dies
Global Smart Hand Tools Market: Sales Channel Segment Analysis
- Online Sales
- Retail Sales
- Distributor Sales
Global Smart Hand Tools Market: End-User Segment Analysis
- Mechanical
- Industrial
- Household
Global Smart Hand Tools Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
Table of Contents
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Smart Hand Tools Market, 2016-2025 (USD Million)
- 2.2. Smart Hand Tools Market: Snapshot
- Chapter 3. Smart Hand Tools Market - Industry Analysis
- 3.1. Smart Hand Tools Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Driver 1
- 3.2.2. Driver 2
- 3.3. Restraints
- 3.3.1. Restraint 1
- 3.3.2. Restraint 2
- 3.4. Opportunity
- 3.4.1. Government funding and support
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis By Product
- 3.6.2. Market attractiveness analysis By Sales Channel
- 3.6.3. Market attractiveness analysis By End-User
- 3.6.4. Market attractiveness analysis By Region
- Chapter 4. Smart Hand Tools Market- Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Smart Hand Tools Market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Product launches
- 4.2.3. Agreements, partnerships, collaborations and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Smart Hand Tools Market - Product type Analysis
- 5.1. Global Smart Hand Tools Market overview: By Product type
- 5.1.1. Global Smart Hand Tools Market share, By Product,2018 and 2025
- 5.2. General Purpose Tools
- 5.2.1. Global Smart Hand Tools Market By Product1, 2016-2025 (USD Million)
- 5.3. Layout and Measuring Tools
- 5.3.1. Global Smart Hand Tools Market By Product2, 2016-2025 (USD Million)
- 5.4. Metal Cutting Tools
- 5.4.1. Global Smart Hand Tools Market By Product3, 2016-2025 (USD Million)
- 5.5. Taps and Dies
- 5.5.1. Global Smart Hand Tools Market By Product4, 2016-2025 (USD Million)
- 5.1. Global Smart Hand Tools Market overview: By Product type
- Chapter 6. Global Smart Hand Tools Market -Sales Channel Analysis
- 6.1. Global Smart Hand Tools Market overview: By Sales Channel
- 6.1.1. Global Smart Hand Tools Market share, By Sales Channel, 2018 and 2025
- 6.2. Online Sales
- 6.2.1. Global Smart Hand Tools Market By Online Sales, 2016-2025 (USD Million)
- 6.3. Retail Sales
- 6.3.1. Global Smart Hand Tools Market By Retail Sales, 2016-2025 (USD Million)
- 6.4. Distributor Sales
- 6.4.1. Global Smart Hand Tools Market By Distributor Sales, 2016-2025 (USD Million)
- 6.1. Global Smart Hand Tools Market overview: By Sales Channel
- Chapter 7. Global Smart Hand Tools Market -End-User Analysis
- 7.1. Global Smart Hand Tools Market overview: By End-User
- 7.1.1. Global Smart Hand Tools Market share, By End-User, 2018 and 2025
- 7.2. Mechanical
- 7.2.1. Global Smart Hand Tools Market By Mechanical, 2016-2025 (USD Million)
- 7.3. Industrial
- 7.3.1. Global Smart Hand Tools Market By Industrial, 2016-2025 (USD Million)
- 7.4. Household
- 7.4.1. Global Smart Hand Tools Market By Household, 2016-2025 (USD Million)
- 7.1. Global Smart Hand Tools Market overview: By End-User
- Chapter 8. Global Smart Hand Tools Market - Regional Analysis
- 8.1. Global Smart Hand Tools Market overview: By Region
- 8.1.1. Global Smart Hand Tools Market share, By Region, 2018 and 2025
- 8.2. North America
- 8.2.1. North America Smart Hand Tools Market, 2016-2025 (USD Million)
- 8.2.2. North America Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.2.3. North America Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.2.4. North America Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.2.5. The U.S.
- 8.2.5.1. The U.S.Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.2.5.2. The U.S.Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.2.5.3. The U.S.Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.2.6. Rest of North America
- 8.2.6.1. Rest of North America Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.2.6.2. Rest of North America Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.2.6.3. Rest of North America Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Smart Hand Tools Market 2016-2025 (USD Million)
- 8.3.2. Europe Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.3.3. Europe Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.3.4. Europe Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.3.5. UK
- 8.3.5.1. U.K.Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.3.5.2. U.K.Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.3.5.3. U.K. Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.3.6. France
- 8.3.6.1. France Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.3.6.2. France Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.3.6.3. France Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.3.7. Germany
- 8.3.7.1. Germany Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.3.7.2. Germany Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.3.7.3. Germany Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.3.8. Rest of Europe
- 8.3.8.1. Rest of Europe Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.3.8.2. Rest of Europe Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.3.8.3. Rest of Europe Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Smart Hand Tools Market, 2016-2025 (USD Million)
- 8.4.2. Asia Pacific Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.4.3. Asia Pacific Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.4.4. Asia Pacific Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.4.5. China
- 8.4.5.1. China Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.4.5.2. China Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.4.5.3. China Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.4.6. Japan
- 8.4.6.1. Japan Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.4.6.2. Japan Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.4.6.3. Japan Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.4.7. India
- 8.4.7.1. India Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.4.7.2. India Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.4.7.3. India Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.4.8. Rest of Asia Pacific
- 8.4.8.1. Rest of Asia Pacific Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.4.8.2. Rest of Asia Pacific Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.4.8.3. Rest of Asia Pacific Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Smart Hand Tools Market, 2016-2025 (USD Million)
- 8.5.2. Latin America Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.5.3. Latin America Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.5.4. Latin America Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.5.5. Brazil
- 8.5.5.1. Brazil Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.5.5.2. Brazil Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.5.5.3. Brazil Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.5.6. Rest of Latin America
- 8.5.6.1. Rest of Latin America Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.5.6.2. Rest of Latin America Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.5.6.3. Rest of Latin America Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.6. The Middle East and Africa
- 8.6.1. The Middle East and Africa Smart Hand Tools Market, 2016-2025 (USD Million)
- 8.6.2. The Middle East and Africa Smart Hand Tools Market revenue, By Product,2016-2025 (USD Million)
- 8.6.3. The Middle East and Africa Smart Hand Tools Market revenue, By Sales Channel, 2016-2025 (USD Million)
- 8.6.4. The Middle East and Africa Smart Hand Tools Market revenue, By End-User, 2016-2025 (USD Million)
- 8.1. Global Smart Hand Tools Market overview: By Region
- Chapter 9. Company Profiles
- 9.1. Snap-on Industrial
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Klein Tools
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. Xinapse Systems Ltd
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. K Files (India) Limited
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. Stanley Black Decker
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Development
- 9.6. Siemens Healthineers
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Development
- 9.7. Akar Tools Ltd
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Development
- 9.8. Mirada Medical Limited
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Development
- 9.9. Mim Software, Inc.
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Development
- 9.10. Sciencesoft USA Corporation
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Development
- 9.1. Snap-on Industrial
