Hand Tools Market Is Expected To Grow At a CAGR OF 4.2% FROM 2017-2023.


According to Stratistics MRC, the “Global Hand Tools market” is expected to grow from $9.80 billion in 2016 to reach $13.12 billion by 2023 with a CAGR of 4.2%. 

Hand tools comprise tools and equipment that are not powered by electricity. These tools discover their application in every day planting, agriculture, and framing. Since the tools are manually operated their application is confined to certain tasks and skills.

Request for sample here:  “Global Hand Tools market”

Increasing do it yourself (DIY) activities are driving the market growth. Rising consumer preference towards leisure and recreational activities coupled with rising disposable incomes of people across the globe is leading to growing uptake of DIY activities. Moreover, the rapid growth of the automobile field has created an impact on consumers to execute DIY activities on their own vehicles for temporary maintenance and repair purposes due to the rise in costly repairs and maintenance of vehicles, primarily for four-wheelers. 

By Application, Household and DIY segment held significant market growth during the forecast period due to increasing adoption of modern residential dwellings, rising consumer spending on housing, and improved economic conditions. On the basis of the geographical presence, the Asia Pacific region acquired the largest market share owing to the increasing demand for residential and commercial buildings, because of the strong GDP growth and high disposable income.

Request for customization here:  “Global Hand Tools market”

The Global Hand Tools Market Leaders are Akar Tools Limited, Apex Tools Group, Channellock, Inc., Craftsman-Sears Brands, Irwin Industrial Tools, JK Files (India) Limited, Kennametal Inc., Klein Tools, Newell Brands Incorporated, Northern Tool + Equipment, Power Products Llc, Snap-On, Stanley Black&Decker, Techtronic Industries Company Limited, Textron Incorporated and Wera Tools.

Stanley Black&Decker, In Oct 2016, Stanley Black & Decker acquired Tools business of Newell Brands, which includes the highly attractive industrial cutting, hand tool and power tool accessory brands. Newell Tools is an industry leader with an array of strong brands and products that are highly complementary to Stanley Black & Decker.

For more information fill in the Inquiry form at:   “Global Hand Tools market”

About Stratistics MRC:
Stratistics MRC Pvt Ltd. is a market research firm serving the fortune 500 companies across the world with market intelligence. We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

We have a core research team with research analysts across the industry verticals to serve our varied customers such as technology suppliers, manufacturers, distributors, end-users, consulting companies, investment firms and research institutes. We ensure that our research reports, white papers, policy briefs provide result-oriented findings and recommendations. Our research reports help you to make better decisions in building the organization present in a global scenario. Our consultancy services offer you with the highly qualified professional research team to match your research needs. We are in the process of addressing the challenges of our clients and able to deliver the quality outputs to meet their business objectives and goals in a potential way. We invest more in building our teams and enhance our client relationships across the geographies where we work.

James Lamb
Corporate Sales Specialist
United States Direct:+1-301-202-5929
Email: sales@strategymrc.com