Industrial Hand Tools - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Industrial Hand Tools Market is expected to grow at a CAGR of 4.5% during the forecast period. The growth of this market is driven by rising automotive repair and maintenance activities, increasing manufacturing and industrial plants worldwide and growth in multi task hand tools. Expansion of e-retailing will provide opportunity for the market growth.
General Purpose Tools to remain most lucrative product in the market due to fast growth in the residential and the commercial construction activities and increasing demand for wood-based products have created a ceaseless demand. Online sales of industrial hand tools will exhibit the highest CAGR during the forecast period. North America and Europe are anticipated to remain largest markets owing to the strong growth of the construction sector along with rising government focus on infrastructure development. Middle East & Africa (MEA) will be the fastest growth market during the forecast period, followed by Asia Pacific.
Some of the key players in industrial hand tools market include Irwin Industrial Tools, Craftsman-Sears Brands, Apex Tools Group, Akar Tools Limited, Channellock, Inc., Kennametal Inc., JK Files (India) Limited, Newell Brands Incorporated, Northern Tool + Equipment, Power Products Llc, Techtronic Industries Company Limited, Stanley Black&Decker, Textron Incorporated, Snap-On, Wera Tools, Klein Tools, Toshiba Medical Systems Corporation and Xinapse Systems.
• Taps and Dies
• Layout and Measuring Tools
• Metal Cutting Tools
• General Purpose Tools
Sales Channels Covered:
• Retail Sales
• Distributor Sales
• Online Sales
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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