The report is titled ‘Hand Tools Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the hand tools market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The hand tools market is expected to grow at a significant rate in the near future.
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Hand Tools Introduction
Hand tools are crucial equipment which comes to use in various applications for day-to-day chores. Hand tools have been serving humans since ancient times for various essential tasks. Hand tools are of various types and they can be implemented in an array of applications including household, industrial, and do-it-yourself (DIY) tasks. Some hand tools are versatile and can be used for various applications and some of them are particularly used for a specific job.
Hand Tools Market Dynamics
One of the primary factors that has essentially boosted the hand tools market is the briskly developed construction sector in the past few years, owing to the improving infrastructure across the world. In addition to that, the growing automotive industry has positively elevated the demand of automotive maintenance and repair in recent years, which is also estimated to propel the growth of the global hand tools market in the following years.
Moreover, the industrial applications of the hand tools has also grown over the years which has further contributed to the rising demand of hand tools worldwide. However, inadequacy of skilled professionals in some of the regions as well as short profit margin due to intense competition are some leading barriers that may hamper the growth of the global hand tools market over the forecast period.
More than that, the rising popularity of power tools and their multipurpose application is further estimated to hold back the market growth in the forthcoming years.
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Hand Tools Market Segmentation
The global hand tools market is segmented on the basis of type, sales channel, application, and by region.
By Type
- General Purpose Tools
- Wrenches
- Pliers
- Cutters
- Striking Tools
- Struck or Hammered Tools
- Screwdrivers
- Vises
- Clamps
- Snips
- Saws
- Drills and Knives
- Metal Cutting Tools
- Layout & Measuring Tools
- Angle Locator
- Bubble Inclinometer
- Calipers
- Compass
- Level
- Protector
- Ruler
- Measuring Squares
- Tape Measure
- Others
- Taps & Dies
- Insulated Hand Tools
- Arc Flash Protection
- Crimpers & Strippers
- Insulated Cable Cutters
- Insulated Nut Drivers
- Insulated Pliers
- Insulated Screwdrivers
- Insulated Sockets
- Insulated Tool Kits
- Insulated Torque Tools
- Insulated Wrenches
- Other Insulated Tools
By Sales Channel
- Online Sales
- Company Direct Sales
- Distributor Sales
By Application
- Construction Industry
- Decoration Industry
- Household Application
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Hand Tools Market Key Players
The key participating players of the global Hand Tools market include Stanley Black & Decker, Inc., Snap-on Incorporated, BOSCH, IDEAL INDUSTRIES, INC., Apex Tool Group, LLC., KLEIN TOOLS INC, Emerson Electric Co., Akar Tools Limited, Channellock, Inc., JK Files (India) Limited, Kennametal Inc., Wera Tools, among others.
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