Hand Tools & Woodworking Tools Market worth $10.3 billion by 2026

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MarketsandMarkets Presents
Hand Tools Woodworking Tools Market with
COVID-19 Impact, By Type (Chisels, Hammers, Saws,
Pliers, Wrenches, Screwdrivers), Distribution
Channel (Online, Offline), End User, and Region -
Global Forecast to 2026 The hand tools and
woodworking tools market size is expected to grow
from USD 8.4 billion in 2021 to USD 10.3 billion
by 2026, at a CAGR of 4.0.
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MarketsandMarkets Presents
Wrenches and Chisels are estimated to hold the
largest market share of the hand tools and
woodworking tools market respectively during the
forecast period. Wrenches are hand tools that
owned the highest market share in hand tools
market in 2020 and are expected to dominate the
market during the forecast period as well.
Download PDF Brochure _at_ https//www.marketsandma
rkets.com/pdfdownloadNew.asp?id97729312 These
wrenches are used to hold standard bolts and nuts
firmly and for gripping and turning objects.
Wrenches are greatly needed for repairs and
maintenance operations in automotive industry and
in plumbing and electrification operations, where
they are used to turn pipes or for fitting
operations.
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MarketsandMarkets Presents
Online distribution channel for hand tools and
woodworking tools market to grow at highest CAGR
from 2021 to 2026 Online distribution channel is
growing and is expected to grow at the highest
growth rate in the market during the forecast
period. This channel can be seen changing the way
customers shop. They are providing customers with
numerous additional benefits such as door-to-door
delivery of products and provide an online
display of an extensive variety of products and
brands to choose from through their online
e-commerce platforms. Various third-party
distributors sell hand tools on the online
platforms.
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MarketsandMarkets Presents
The mid-and high-level precision GPS receiver
market in APAC is expected to grow at the highest
CAGR from 2021 to 2026 The growth of the hand
tools and woodworking tools market in APAC can be
attributed to the rapid industrialization and
surging construction activities in the countries
such as India, China, Australia, and Japan. Hand
tools are highly used in both construction and
industrial activities. Even governments from the
leading countries are taking initiatives towards
developing infrastructural and construction plans
and bringing industrial development with the
increasing number of industrial plants and
manufacturing units.
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MarketsandMarkets Presents
Few major players operating in hand tools and
woodworking tools market. Stanley Black Decker
(US), Apex Tool Group(US), Snap-On
Incorporated(US), Techtronic Industries Co. Ltd
(China), Klein Tools (US), Husqvarna (Sweden),
Akar Auto Industries Ltd. (India), and Hangzhou
Great Star Industrial Co. Ltd. (China) Know
more _at_ https//www.marketsandmarkets.com/Market-Re
ports/hand-woodworking-tools-market-97729312.html

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MarketsandMarkets Presents
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