Significant Growth Foreseen by Hand Tools Market During 2019-2029 - PowerPoint PPT Presentation

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Significant Growth Foreseen by Hand Tools Market During 2019-2029

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Future Market Insights (FMI) has recently released a research intelligence report with deep-dive analysis on the hand tools market that offers global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The hand tools market was valued at ~US$ 16 Bn in 2018, and is projected to grow notably at a CAGR of ~4% over the forecast period. This growth is primarily driven by increasing customer preference for do-it-yourself activities and rising disposable incomes. – PowerPoint PPT presentation

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Title: Significant Growth Foreseen by Hand Tools Market During 2019-2029


1
Hand Tools Market Growing at 4 CAGR to 2029
Scrutinized in New Research 2019 2029
  • Feb 2020

Report Id REP-GB-1114 Status
Published Category Industrial Automation and
Equipment
2
About Future Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Hand Tools Market Analysis
  • Hand Tools Market Growing at 4 CAGR to 2029
    Scrutinized in New Research 2019 2029
  • VALLEY COTTAGE, N.Y. ,(GLOBE NEWSWIRE) -- Future
    Market Insights (FMI) has recently released a
    research intelligence report with deep-dive
    analysis on the hand tools market that offers
    global industry analysis for 20142018 and
    opportunity assessment for 20192029. The hand
    tools market was valued at US 16 Bn in 2018,
    and is projected to grow notably at a CAGR of 4
    over the forecast period. This growth is
    primarily driven by increasing customer
    preference for do-it-yourself activities and
    rising disposable incomes.
  • As per the study, the hand tools market is
    anticipated to witness moderate growth during the
    forecast period owing to rapid growth of the
    global automotive market, which in turn pushes
    the demand for hand tools and related products.
  • North Americas hand Tools Market to Witness
    Significant Growth
  • North America is likely to present significant
    opportunities for the growth of hand tools market
    owing to factors such as proliferation in four
    vehicle fleet and rising disposable incomes of
    consumers in the U.S. and Canada. The region
    accounts for a maximum number of people carrying
    their own tool kits and using hand tools for
    household applications.

5
Hand Tools Market Analysis
  • In the U.S. and Canada, according to per capita
    checks, there is high consumer inclination
    towards leisure and recreational activities,
    which is driving market growth. Propensity of
    following countries towards hand tools is
    creating further growth opportunities for the
    hand tools market during the forecast period.
  • Global Industrial Expansion Bolstering Demand
  • The global hand tools market has been segmented
    based on product type, sales channel,
    application, and regions, such as North America,
    Latin America, Western Europe, Eastern Europe,
    APEJ, MEA, and Japan.
  • Owing to factors such as rise in the number of
    manufacturing plants and construction industries
    that require the use of hand tools for
    maintenance and repair activities, the demand for
    specialized hand tool kits is forecasted to rise.
  • For instance, among end users, industries account
    for 40 share of the global hand tools market,
    while professionals such as carpenters, plumbers,
    automotive maintenance mechanics, and farmers
    account for the remaining 60 market share.

6
Hand Tools Market Analysis
  • Hand Tools Enjoying Increased Demand for Domestic
    Activities
  • With rapid growth of the global automobile
    market, maintenance and repair of automobiles
    that require high-end precision hand tools is
    also increasing. Growth of the hand tool market
    is not restricted to a particular region, as the
    automobile industry is thriving globally. In
    addition to this, rapidly increasing labor costs
    are compelling consumers to prefer DIY hand tools
    for domestic household activities.
  • The automotive maintenance and repair sector
    accounts for 23 of the worlds total hand tools.
    Moreover, increasing consumer spending ability
    and per capita disposable incomes are major
    factors pushing market growth.
  • For instance, in 2015, the per capita disposable
    income of consumers witnessed a compound growth
    of 1.5, globally, thereby increasing their
    spending abilities.
  • Hand Tools Market Vendor Insights
  • The report highpoints few of the key market
    players, who have recognized themselves as global
    influencers in the hand tools market. Few
    examples of key players in the market are Akar
    Tools Limited, Apex Tool Group, Channellock,
    Inc., JK Files (India) Limited, Kennametal Inc.,
    Klein Tools Inc., Snap-On Incorporated, Stanley
    Black and Decker, and Wera Tools.Tier-1 players
    are focusing on mergers, acquisitions, and joint
    ventures with local market players and deploying
    advancements in hand tools to achieve positive
    traction and healthy competitive advantage over
    their contemporaries.

7
Hand Tools Market Analysis
  • Press Release Source https//www.globenewswire.co
    m/news-release/2019/10/09/1927296/0/en/Hand-Tools-
    Market-is-estimated-to-grow-at-a-CAGR-of-4-over-th
    e-forecast-period-of-2019-to-2029-Future-Market-In
    sights.html
  • Related Press Release
  • Submersible Pumps Market
  • Woodworking Router Bits Market
  • About Us
  • Future Market Insights (FMI) is a leading market
    intelligence and consulting firm. We deliver
    syndicated research reports, custom research
    reports and consulting services which are
    personalized in nature. FMI delivers a complete
    packaged solution, which combines current market
    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.

8
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contact Harish Tiwari (General
Manager Global Head Business Development)
Future Market Insights 3rd Floor, 207 Regent
Street, London W1B 3HH T 44 20 7692 8790 D
44 20 3287 4268 Email hari.t_at_futuremarketinsight
s.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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