The KSA and UAE hand tools market was valued at $363.20 million in 2019, and is projected to reach $476.80 million by 2027, registering a CAGR of 4.7% from 2020 to 2027. Hand tools are the equipment that are manually operated in construction, oil & gas, automobile and several other sectors for plumbing, carpentry, servicing and maintenance purposes. These tools are used by individuals as well as commercial professionals. These hand tools are sold through wholesalers, retails outlets, authorized dealers, company websites and e-commerce websites.
The KSA and UAE hand tools market is driven by new construction and maintenance services in construction, oil & gas and automobile industry. In addition, the high price of power tools makes individual buyers and professional buyers with lower budget to opt for hand tools. However, the major manufacturing companies of tools market such as Bosch have launched several new low cost power tools in the market that are affordable for individual buyers as well as professionals. Such strategies act as restraint to the KSA and UAE hand tools market. On the contrary, adoption of DIY culture owing to easy access of training videos and courses is expected to be an opportunity for the growth of the KSA and UAE hand tools market during the forecast period.
The KSA and UAE Hand Tools market is segmented into category, channel end-user industry, and country. On the basis of category, the market is divided into wrenches, ratchets & sockets, tools storage, pliers, screwdrivers, torque control, measuring & scribing, cutting tools, striking tools and others. Depending on channel, it is classified into offline and online. By end-user industrial, it is segregated into DIY and commercial & industrial. By country, it is analyzed across Kingdom of Saudi Arabia (KSA) and United Arab Emirates (UAE).
The major players profiled in the KSA and UAE hand tools market include Channellock, Inc., Chronos (Clarke Tools), Illinois Tool Works Inc. (ITWIDS-TransTech), King Tony, Knipex, Nabil Tools & Hardware, Snap-on Incorporated, Stanley Black & Decker, Inc., TTI, Inc. and Vata Tools. Major companies in the market have adopted strategies such as business expansion, acquisition, and product launch to offer better products and services to customers in the KSA and UAE hand tools market.
The KSA and UAE hand tools market is driven by new construction and maintenance services in construction, oil & gas and automobile industry. In addition, the high price of power tools makes individual buyers and professional buyers with lower budget to opt for hand tools. However, the major manufacturing companies of tools market such as Bosch have launched several new low cost power tools in the market that are affordable for individual buyers as well as professionals. Such strategies act as restraint to the KSA and UAE hand tools market. On the contrary, adoption of DIY culture owing to easy access of training videos and courses is expected to be an opportunity for the growth of the KSA and UAE hand tools market during the forecast period.
The KSA and UAE Hand Tools market is segmented into category, channel end-user industry, and country. On the basis of category, the market is divided into wrenches, ratchets & sockets, tools storage, pliers, screwdrivers, torque control, measuring & scribing, cutting tools, striking tools and others. Depending on channel, it is classified into offline and online. By end-user industrial, it is segregated into DIY and commercial & industrial. By country, it is analyzed across Kingdom of Saudi Arabia (KSA) and United Arab Emirates (UAE).
Competition analysis
The major players profiled in the KSA and UAE hand tools market include Channellock, Inc., Chronos (Clarke Tools), Illinois Tool Works Inc. (ITWIDS-TransTech), King Tony, Knipex, Nabil Tools & Hardware, Snap-on Incorporated, Stanley Black & Decker, Inc., TTI, Inc. and Vata Tools. Major companies in the market have adopted strategies such as business expansion, acquisition, and product launch to offer better products and services to customers in the KSA and UAE hand tools market.
Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging KSA and UAE hand tools market trends and dynamics.
- In-depth KSA and UAE hand tools market analysis is conducted by estimations for the key segments between 2020 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
- The market forecast analysis from 2020 to 2027 is included in the report.
- The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.
Key Market Segments
By Category
- Wrenches
- Ratchets & Sockets
- Tools Storage
- Pliers
- Screwdrivers
- Torque Control
- Measuring & Scribing
- Cutting Tools
- Striking Tools
- Others
By Channel
- Offline
- Online
By End-user Industry
- DIY
- Commercial & Industrial
By Countries
- Kingdom of Saudi Arabia (KSA)
- United Arab Emirates (UAE)
KEY PLAYERS
- Channellock, Inc.
- Chronos (Clarke Tools)
- Illinois Tool Works Inc. (ITWIDS-TransTech)
- King Tony
- Knipex
- Nabil Tools & Hardware
- Snap-on Incorporated
- Stanley Black & Decker, Inc.
- TTI, Inc.
- Vata Tools
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: KSA AND UAE HAND TOOLS MARKET, BY CATEGORY
CHAPTER 5: KSA AND UAE HAND TOOLS MARKET, BY CHANNEL
CHAPTER 6: KSA AND UAE HAND TOOLS MARKET, BY END-USER INDUSTRY
CHAPTER 7: KSA AND UAE HAND TOOLS MARKET, BY COUNTRY
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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