Hand Tools Market Growth, Size, Share, Industry Report and Forecast to 2026

 The global hand tools market is estimated to record a substantial CAGR of 2.8% during the forecast period (2020-2026). Hand tools today are highly driven by external factors including the usage environment. The evolution in the segment also happens through technification of its driving force, which is increasingly less dependent on human strength. Further, the current scenario for the tools industry is moving in the direction of greater technification, alongside greater autonomy and the mode of operation. Despite the consistent changes in the tools industry, the four principles of percussion, cutting, leverage, and rotation are set to be a standard in the coming years as well. 

A full Report of Hand Tools Market Available at  https://www.omrglobal.com/industry-reports/hand-tools-market 

The global hand tools market suffered a slowdown on account of the COVID-19 crisis as most of the economic activities were halted in 2020, especially during Q1 and Q2 2020. Most of the major revenue-generating end-users such as construction, automotive, commercial renovation, and home improvement activities were affected, leading to a decline in sales of hand tools. The curfew and lockdown procedures prevented the extensive application of hand tools by workers and contractors, thereby affecting the overall revenue generation for the market during the period. The utilization of hand drills, wrenches, drivers, cutters, and saws, which were considered as the major revenue-generating tools in the market, was potentially reduced during the early part of 2020. 

To learn more about this report request a free sample copy @  https://www.omrglobal.com/request-sample/hand-tools-market 

Market Coverage 

  • Market number available for – 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment Covered- by Tool Type and End-user
  • Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
  • Competitive Landscape- Apex Tool Group, LLC; Emerson Electric Co.; Snap-on Inc.; Stanley Black & Decker, Inc.; JCBL Group, and Techtronic Industries Co. Ltd. 

Key questions addressed by the report 

  • What is the market growth rate?
  • Which segment and region dominates the market in base year?
  • Which segment and region will project fastest growth in the market?
  • How COVID-19 impacted the market?
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity? 

Global Hand Tools Market Report Segment 

By Tool Type 

  • General Purpose Tools
  • Cutting Tools
  • Layout and Measuring Tools
  • Taps and Dies 

By End-User 

  • Commercial
  • Industrial
  • Residential 

Global Hand Tools Market Report Segment 

North America   

  • US
  • Canada 

Europe 

  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe 

Asia-Pacific     

  • China
  • Japan
  • India
  • Rest of Asia-Pacific 

Rest of the World 

Company Profiles 

  • Apex Tool Group, LLC
  • Channellock, Inc.
  • Emerson Electric Co.
  • Estwing Manufacturing Co., Inc. 
  • Gray Tools Canada, Inc.
  • Ideal Industries, Inc.
  • JCBL Group
  • JK Files (India),Ltd. 
  • Kennametal, Inc.
  • Klein Tools, Inc.
  • KNIPEX
  • Leatherman Tool Group, Inc.
  • Phoenix Contact USA
  • Robert Bosch GmbH
  • Snap-on,Inc.
  • Stanley Black & Decker, Inc.
  • Techtronic Industries Co. Ltd.
  • The Würth Group
  • WeraWerkzeuge GmbH
  • Wiha Tools USA 

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hand-tools-market 

About Orion Market Research

 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. 

For More Information, Visit Orion Market Research 

Media Contact:

 

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 780-304-0404

Comments

Post a Comment

Popular posts from this blog

Information System Audit Services Market to Witness Robust Expansion by 2028

Information System Audit Services Market research report greatly helps to understand comprehensive profile of ideal customers. It also ascertains the market size for your business. Understanding of customers has great significance in the business expansion as it allows making right investment in the product development and launch. Making more informed decision is easy with this market research report. Identifying right business opportunities and maintaining customer-centric approach is easy with this market research report. It also enables to stay on the top of market trends and helps to reduce business risks. Information System Audit Services Market study report provides best solutions to deal with upcoming challenges. Market research serves as a valuable tool to stay up on current trends and know forthcoming competitive scenario for the estimation period 2022-2028. Get Sample Copy of this Report at   https://orionmarketreports.com/request-sample/?id=217315 Information System Audit Se
Read more

Impact of COVID-19 on Italy Ventilator Industry Share, Trends and Forecast to 2025

As the whole world is fighting against COVID-19, the demand for ventilators has emerged significantly in healthcare facilities. Ventilators are mechanical breathing devices that are used to blow oxygen and air into the lungs. These devices are important for delivering care to people suffering from lung failure, which is one of the complications among patients with severe COVID-19. Italy is among one of the nation’s requiring a significant number of ventilators amid COVID-19 to help patients breathe easier.  A full report description of  Impact of COVID-19 on Italy Ventilator Industry  https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-italy-ventilator-industry   The global spread of coronavirus has put ventilator manufacturers under pressure to ramp up production. Due to the epidemic, the supply of essential components has disrupted, which include valves, hoses, and motors. In addition, most of the electronic products come from China which is further disrupting
Read more

North American Electric Vehicle Charger Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

North American electric vehicle charger market is forecast to grow at a considerable growth rate over the forecast period, 2019-2025. Some of the major factors for the growth of the market include rising electric vehicle market, cohesive government regulations for electric vehicles & its charging infrastructure and significant investment from the government and private companies in developing charging infrastructure in the region. High average cost of the IC engine-based automobile is another major factor for the growth of the market. Some of the major electric vehicle companies working in the region include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla, Inc., Volkswagen AG and so on. The companies are expected to invest a considerable amount in developing charging infrastructure in the region. For instance, in May 2019 Volkswagen AG aims to develop 2,000 charging stations under its Electrify America program.   A full Report of North American Electric Vehicle Cha
Read more