Hand Tools Market: Industrial Application Segment Projected to Grow 1.6X by 2027 as Compared to 2017: Global Industry Analysis and Opportunity Assessment 2017-2027
- Industrial Automation & Equipment
- No. of Pages: 175
- Published: 2017-04-13
- Report Code: REP-GB-1114
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Format:
An Incisive, In-depth Analysis on the Hand Tools Market
This study offers a comprehensive, 360 degree analysis on the Hand Tools market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Hand Tools market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Industrial application segment to witness significant increase in market share over the forecast period
Industrial use of hand tools includes hand tools deployed in the manufacturing of products and construction and renovation activities. In 2017, the industrial segment by application is estimated to account for more than 55% share of the global hand tools market, while by the end of 2027 the segment is expected to account for a little more than 60% share of the global hand tools market. The industrial segment is projected to witness an increase in Y-o-Y growth from 2017 to 2020, due to increase in construction and renovation activities globally. The segment is anticipated to account for a market value of more than US$ 9,000 Mn in 2017 and is anticipated to be valued in excess of US$ 12 Bn by 2027 end, expanding at a CAGR of 3.9% during the projected period.
Increasing number of new construction and renovation activities worldwide likely to fuel the development of the industrial segment
There has been a rise in the number of major manufacturing plants and industries wherein hand tools are widely used for maintenance purposes. Increased demand for professional hand tool kits among industrial professionals is leading to a growth in the industrial segment. Industrial expansion across the globe is expected to create a positive impact on the industrial application segment of the global hand tools market. Emerging demand for hand tools in the automotive repair and maintenance sector is further expected to fuel the progress of the industrial segment in the global hand tools market. With the rapid growth of the global automobile market, the development of the industrial segment has also been augmented. The growth of the segment is not restricted to a particular region, as the automobile industry is flourishing across the world. Increasing consumer spending ability and per capita, disposable income is also creating a positive impact on the industrial segment. The increase in technical jobs and employment is a great opportunity for the hand tools market to expand in terms of quality and pricing, as professionals use high-end tools and are willing to pay more for such products. This factor is driving the growth of the industrial segment.
Industrial segment is expected to witness a rise in the growth rate in the MEA hand tools market during the predicted period
From a regional perspective, the industrial segment by application is expected to reach a market value of more than US$ 2,000 Mn in 2017 in the North America hand tools market. The region continues to be a good market at present and the trend is expected to continue over the projected period. Among the various countries in the Asia Pacific, India and China are predicted to play an important role in driving the progress of the industrial segment due to various factors such as rapid technological advancement and low labour and operational costs. The industrial segment is likely to expand at the highest CAGR of 5% during the forecast period in the MEA region, due to the expansion of industries. Industrial expansion witnessed in the emerging economies of Eastern Europe is anticipated to drive the growth of the industrial segment between 2017 and 2027. The industrial segment is expected to emerge as the most attractive segment over the period of assessment in Japan. In APEJ, the industrial segment is projected to expand at a higher CAGR primarily due to increase in construction activities and the rise of the automobile repair and maintenance sector in the region.
A recent publication by Future Market Insights titled “Hand Tools Market: Global Industry Analysis and Opportunity Assessment, 2017–2027” offers detailed insights and in-depth analysis of the global hand tools market over a 10-year forecast period. This exclusive report covers important factors driving the growth of the global hand tools market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global hand tools market and other insights across various key segments. The report identifies the drivers and restraints affecting the growth of the global hand tools market. Changing trends are also analysed and incorporated in the report to equip clients with exhaustive information about the global hand tools market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the growth of the global hand tools market are also incorporated in the report.
Report Structure
The market value for all segments is taken in US$ Mn and is assessed based on the weighted average price of each of the product types. This report highlights country-wise hand tools demand. It provides a market outlook for 2017–2027 and sets the forecast within the context of the global hand tools market, including the new technological developments as well as product offerings for niche applications in the global hand tools market. In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed market share analysis of the global hand tools market on the basis of key manufacturers. Detailed profiles of manufacturers are also included within the scope of the report to evaluate strategies, key offerings and recent developments in the global hand tools market.
Analyst Observation
Our analysts have observed that these days hand tools are not only used in industries to perform rigorous tasks but they are also used to carry several DIY activities at households such as gardening and self-repair work. In fact, the people in Europe and North America region are spending more time in gardens. DIY recreational activities are identified as the top leisure activities in North America and Western Europe. Increasing demand for a comprehensive and high-quality set of hand tools in the automotive repair and maintenance industry is spurring the growth of the global hand tools market. Although the replacement rate of hand tools is low due to the long life of the product, the demand is primarily generated through continuous innovations and increasing penetration of hand tools. Another factor having a significant impact on the growth of the market is changing country demographics such as ageing population.
Global Hand Tools Market Segmentation
To understand and assess opportunities in the global hand tools market, we have divided the report into the following sections based on market segmentation as under:
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By Region |
By Application |
By Product Type |
By Sales Channel |
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Research Methodology
Market value is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and market value is deduced and reconfirmed prior to incorporating in the report. The price of hand tools is deduced basis the product type, where the average price of each type of hand tool is inferred across all the seven assessed regions.
For the 10-year forecast of the global hand tools market, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast are the size of the current market, inputs from the supply side and the demand side and other dynamics shaping the scenario of the market. In the compilation of the global hand tools market report, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with crystal clear insights and future opportunities likely to emerge in the global hand tools market.
Hand Tools Market Reports - Table of Contents
1. Global Hand Tools Market - Executive Summary
2. Hand Tools Market: Market Segmentation
3. Hand Tools Market: Market Definition
17. Assumptions and Acronyms Used
18. Research Methodology
Hand Tools Market Reports - List of Tables
Table 1: Global Hand Tools Market Value Forecast By Application (US$ Mn)
Table 2: Global Hand Tools Market Value Forecast By Product Type (US$ Mn)
Table 3: Global Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 4: Global Hand Tools Market Value Forecast By Region (US$ Mn)
Table 5: Global Hand Tools Market Value Forecast By Region (US$ Mn)
Table 6: North America Hand Tools Market Value Forecast By Country, 2015–2027 (US$ Bn)
Table 7: North America Hand Tools Market Value Forecast By Application (US$ Mn)
Table 8: North America Hand Tools Market Value Forecast By Product Type (US$ Mn)
Table 9: North America Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 10: Western Europe Hand Tools Market Value Forecast By Country (US$ Mn)
Table 11: Western Europe Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 12: North America Hand Tools Market Value Forecast By Product Type (US$ Mn)
Table 13: North America Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 14: APEJ Hand Tools Market Value Forecast By Country (US$ Mn)
Table 15: APEJ Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 16: APEJ Hand Tools Market Value Forecast By Product Type (US$ Mn)
Table 17: APEJ Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 18: Latin America Hand Tools Market Value Forecast By Country (US$ Mn)
Table 19: Latin America Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 20: Latin America Hand Tools Market Value Forecast By Product Type (US$ Mn)
Table 21: Latin America Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 22: Eastern Europe Hand Tools Market Value Forecast By Country (US$ Mn)
Table 23: Eastern Europe Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 24: Eastern Europe Hand Tools Market Value Forecast By Product Type (US$ Mn)
Table 25: Eastern Europe Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 26: MEA Hand Tools Market Value Forecast By Country (US$ Mn)
Table 27: MEA Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 28: MEA Hand Tools Market Value Forecast By Product Type (US$ Mn)
Table 29: MEA Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 30: Japan Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Table 31: Japan Hand Tools Market Value Forecast By Product Type (US$ Mn)
Table 32: Japan Hand Tools Market Value Forecast By Sales Channel (US$ Mn)
Hand Tools Market Reports - List of Figures
Figure 01: Global Hand Tools Market Size, by Value (US$ Mn) and
Figure 02: Global Hand Tools Market Absolute $ Opportunity,
Figure 03: Global Hand Tools Market Value Share & BPS Analysis
Figure 04: Global Hand Tools Market Y-o-Y Growth Comparison By Application, 2016–2026
Figure 05: Global Hand Tools Market Value Forecast By Industrial Sub-segment, 2015–2026
Figure 06: Global Hand Tools Market Absolute $ Opportunity By Industrial Sub-segment, 2016–2026
Figure 07: Global Hand Tools Market Value Forecast By Household & DIY Sub-segment, 2015–2026
Figure 08: Global Hand Tools Market Absolute $ Opportunity By Household & DIY Sub-segment, 2016–2026
Figure 09: Global Hand Tools Market Attractiveness Analysis, By Application (2016-2026)
Figure 10: Global Hand Tools Market Value Share & BPS Analysis By Product Type, 2015 & 2026
Figure 11: Global Hand Tools Market Y-o-Y Growth Comparison By Product Type, 2016–2026
Figure 12: Global Hand Tools Market Value Forecast By General Purpose Tools Sub-segment, 2015–2026
Figure 13: Global Hand Tools Market Absolute $ Opportunity By General Purpose Tools Sub-segment, 2016–2026
Figure 14: Global Hand Tools Market Value Forecast By Metal Cutting Tools Sub-segment, 2015–2026
Figure 15: Global Hand Tools Market Absolute $ Opportunity By Metal Cutting Tools Sub-segment, 2016–2026
Figure 16: Global Hand Tools Market Value Forecast By Layout & Measuring Tools Sub-segment, 2015–2026
Figure 17: Global Hand Tools Market Absolute $ Opportunity By Layout & Measuring Tools Sub-segment, 2016–2026
Figure 18: Global Hand Tools Market Value Forecast By Taps & Dies Sub-segment, 2015–2026
Figure 19: Global Hand Tools Market Absolute $ Opportunity By Taps & Dies Sub-segment, 2016–2026
Figure 20: Global Hand Tools Market Attractiveness Analysis, By Product Type (2016-2026)
Figure 21: Global Hand Tools Market Value Share & BPS Analysis By Sales Channel, 2015 & 2026
Figure 22: Global Hand Tools Market Y-o-Y Growth Comparison By Product Type, 2015–2026
Figure 23: Global Hand Tools Market Value Forecast By Online Sales Segment, 2015–2026
Figure 24: Global Hand Tools Market Absolute $ Opportunity By Online Sales Segment, 2016–2026
Figure 25: Global Hand Tools Market Value Forecast By Retail Sales Sub-segment, 2015–2026
Figure 26: Global Hand Tools Market Absolute $ Opportunity By Retail Sales Sub-segment, 2016–2026
Figure 27: Global Hand Tools Market Value Forecast By Distributor Sales Segment, 2015–2026
Figure 28: Global Hand Tools Market Absolute $ Opportunity By Distributor Sales Segment, 2016–2026
Figure 29: Global Hand Tools Market Attractiveness Analysis, By Sales Channel (2016-2026)
Figure 30: Global Hand Tools Market Value Share & BPS Analysis
Figure 31: Global Hand Tools Market Y-o-Y Growth Comparison
Figure 32: North America Hand Tools Market Value Share & BPS Analysis By Country, 2015 & 2026
Figure 33: North America Hand Tools Market Y-o-Y Growth Comparison By Country, 2015–2026
Figure 34: North America Hand Tools Market Attractiveness Analysis, By Country (2016-2026)
Figure 35: North America Hand Tools Market Attractiveness Analysis, By Application (2016-2026)
Figure 36: North America Hand Tools Market Attractiveness Analysis, By Product Type (2016-2026)
Figure 37: North America Hand Tools Market Attractiveness Analysis, By Sales Channel (2016-2026)
Figure 38: Western Europe Hand Tools Market Value Share & BPS Analysis By Country, 2015 & 2026
Figure 39: Western Europe Hand Tools Market Y-o-Y Growth Comparison By Country, 2016–2026
Figure 40: Western Europe Hand Tools Market Attractiveness Analysis, By Country (2016-2026)
Figure 41: Western Europe Hand Tools Market Attractiveness Analysis, By Application (2016-2026)
Figure 42: Western Europe Hand Tools Market Attractiveness Analysis, By Product Type (2016-2026)
Figure 43: Western Europe Hand Tools Market Attractiveness Analysis, By Sales Channel (2016-2026)
Figure 44: APEJ Hand Tools Market Value Share & BPS Analysis By Country, 2015 & 2026
Figure 45: APEJ Hand Tools Market Y-o-Y Growth Comparison
Figure 46: APEJ Hand Tools Market Attractiveness Analysis, By Country (2016-2026)
Figure 47: APEJ Hand Tools Market Attractiveness Analysis, By Application (2016-2026)
Figure 48: APEJ Hand Tools Market Attractiveness Analysis, By Product Type (2016-2026)
Figure 49: APEJ Hand Tools Market Attractiveness Analysis, By Sales Channel (2016-2026)
Figure 50: Latin America Hand Tools Market Value Share & BPS Analysis By Country, 2015 & 2026
Figure 51: Latin America Hand Tools Market Y-o-Y Growth
Figure 52: Latin America Hand Tools Market Attractiveness Analysis, By Country (2016-2026)
Figure 53: Latin America Hand Tools Market Attractiveness Analysis, By Application (2016-2026)
Figure 54: Latin America Hand Tools Market Attractiveness Analysis, By Product Type (2016-2026)
Figure 55: Latin America Hand Tools Market Attractiveness Analysis, By Sales Channel (2016-2026)
Figure 56: Eastern Europe Hand Tools Market Value Share & BPS Analysis By Country, 2015 & 2026
Figure 57: Eastern Europe Hand Tools Market Y-o-Y Growth Comparison By Country, 2016–2026
Figure 58: Eastern Europe Hand Tools Market Attractiveness Analysis, By Country (2016-2026)
Figure 59: Eastern Europe Hand Tools Market Attractiveness Analysis, By Application (2016-2026)
Figure 60: Eastern Europe Hand Tools Market Attractiveness Analysis, By Product Type (2016-2026)
Figure 61: Eastern Europe Hand Tools Market Attractiveness Analysis, By Sales Channel (2016-2026)
Figure 62: MEA Hand Tools Market Value Share & BPS Analysis By Country, 2015 & 2026
Figure 63: MEA Hand Tools Market Y-o-Y Growth Comparison By Country, 2016–2026
Figure 64: MEA Hand Tools Market Attractiveness Analysis, By Country (2016-2026)
Figure 65: MEA Hand Tools Market Attractiveness Analysis, By Application (2016-2026)
Figure 66: MEA Hand Tools Market Attractiveness Analysis, By Product Type (2016-2026)
Figure 67: MEA Hand Tools Market Attractiveness Analysis, By Sales Channel (2016-2026)
Figure 68: Japan Hand Tools Market Attractiveness Analysis, By Application (2016-2026)
Figure 69: Japan Hand Tools Market Attractiveness Analysis, By Product Type (2016-2026)
Figure 70: Japan Hand Tools Market Attractiveness Analysis, By Sales Channel (2016-2026)
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