Global Hand Tools and Accessories Industry Report 2024-2030: Multitasking Hand Tools Grow in Prominence - U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 6.8% CAGR
Tuesday, February 27, 2024
DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Hand Tools and Accessories - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Hand Tools and Accessories Market to Reach $29.2 Billion by 2030
The global market for Hand Tools and Accessories estimated at US$20 Billion in the year 2022, is projected to reach a revised size of US$29.2 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Mechanics` Service Tools, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$14.5 Billion by the end of the analysis period. Growth in the Edge Tools segment is estimated at 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 6.8% CAGR
The Hand Tools and Accessories market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.4 Billion by the year 2030.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- Influencer Market Insights
-- World Market Trajectories
-- Tools Industry: An Evolutionary Scan
-- Hand Tools Continue to be Relevant in the Modern Mechanical Era
-- Hand Tools & Accessories: Product Profile
-- Mechanics' Service Tools
-- Edge Tools
-- Other Hand Tools & Accessories
-- COVID-19 Impact on the Hand Tools Market
-- Global Market Outlook
-- Latest Trends Augmenting Demand for Hand Tools & Accessories
-- Segment Analysis
-- Developing Markets to Spearhead Future Growth
-- Competition
-- Competitive Market Presence - Strong/Active/Niche for Players Worldwide
in 2023 (E)
-- Recent Market Activity
MARKET TRENDS & DRIVERS
-- Trends & Developments Setting the Power Play Momentum for Hand Tools &
Accessories
-- Occupational Ergonomics: The Primary Factor Driving Innovation in the
Hand Tools Market
-- Multitasking Hand Tools Grow in Prominence
-- Focus on Productivity in Lightweight Manufacturing to Spur Demand for
Intelligently Designed Hand tools
-- Broadening Horizons of Hand Tool Innovation Entail Exciting Future of
Hand Tools
-- Hand Tools Hold the Upper Hand Stance with Awe-Inspiring Innovations
-- Companies Keep Afloat with Product Innovations
-- Non-Magnetic and Non-Sparking Hand tools Make Perfect Sense for High
Energy and Electrical Component Applications
-- Market Set to Benefit from Advances in Hand Tools' Production Technology
-- Hand Tools Continue to Find Use in Industrial Applications
-- Machinery Maintenance & Heavy Equipment Repair Supports Demand for
Mechanic's Service Tools in the Industrial Sector
-- Automotive Repair & Maintenance Services Demand Determines Growth in
Vehicle Mechanics Tools Market
-- Advances in Specialty Tools for Automotive Industry
-- Aircraft MRO: A Major Market for Aviation General Mechanic's Tools
-- Construction Industry Trends Determine Demand for Tools Used by
Construction Workers
-- DIY Home Improvement, Gardening and Landscaping: Potential for Growth in
the Hand tools Market
-- Household and DIY Hand Tools Market Poised for Robust Growth
-- Commercial Carpentry: Hand Tools Face Stiff Challenge from Power Tools
-- HVAC Tools Trends towards Technological Sophistication for Better
Functions
-- Insulated Hand Tools: An Imperative Arsenal of a Well-Equipped Toolbox
for Electrical Work
-- Primary Advantages of Insulated Hand Tools
-- Role of Insulated Hand Tools in Electrical Safety
-- Testing & Certification for Insulated Hand Tools
-- An Insight into Metalworking Hand Tools Market
-- Intelligent CAD Technology Enables the Development of Ergonomically
Designed Hand Tools
-- Materials Used in Manufacture of Hand Tools - An Overview
-- E-Retailing Expands Growth Opportunities
-- Competition from Power Tools: A Market Dampener
FOCUS ON SELECT PLAYERS (Total 261 Featured)
-- Kennametal, Inc.
-- Lenox Corporation
-- Malco Products, Inc.
-- Apex Tool Group LLC
-- Channellock, Inc.
-- Gedore UK
-- General Tools & Instruments LLC
-- Great Neck Saw
-- J.K. Files (India) Ltd.
-- Lowe`s Companies, Inc.
-- Aimco Global
-- Central Tools, Inc.
-- Harbor Freight Tools
-- 3d Signals
-- Cromwell Group (Holdings) Limited
For more information about this report visit https://www.researchandmarkets.com/r/fy4pfj
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