Global Power Tools & Hand Tools Market Size, Trends & Growth Opportunity, By Type (Cutting, Hammering, Gripping and Pinching, Striking and Driving), By Application (Commercial, Residential), By Region and Forecast till 2027.
Report ID : QR1001276 | Industries : Semiconductors and Electronics | Published On :November 2021 | Page Count : 253Global Power Tools & Hand Tools Market
The global Power Tools & Hand Tools market was valued at USD 8400 million in 2020 which expected to reach USD 10300 million by 2027 at a CAGR 4.0% from 2020-2027.
Hand and power tools are instruments used in a variety of mechanical operations such as cutting, carving, ploughing, drilling, and so on. Hand tools are mechanically driven and do not require any power or energy to operate, whereas power tools are either electrically or air operated. Hand and power tools are utilized in practically every field, including manufacturing, gardening, and healthcare, to name a few. While using hand and power equipment, many safety concerns regarding their use are kept in mind.
Market Drivers
Increasing the number of commercial and residential construction and infrastructure projects.
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The demand for infrastructure development and rapid urbanization is expanding rapidly all over the world. Governments from all major countries may be seen making efforts toward infrastructure development and making required expenditures in the sector to facilitate such advancements. These infrastructure development projects include the construction of roads, trains, airports, energy, utilities, and commercial and residential structures.
Market Restraints
Increased safety risks and concerns as a result of improper hand tool use. Hand tools include some sharp-edged, heavy-weight, potentially dangerous equipment that is commonly used in drilling, fitting, cutting, shaping, and mending tasks. Because of incorrect usage or handling, the operation of such equipment can pose a risk to human safety.
Impact of COVID-19
COVID-19 has had a significant impact on the global economy and all industries. Lockdowns have been enacted by governments around the world in order to slow the spread of the virus. The entire global lockdown in the early stages of the epidemic in several countries had a significant impact on people's health and quality of life. This has caused supply chain problems all across the world.
Market Segmentation
The Global Power Tools & Hand Tools Market is segmented into Type, Application. By Type such as Cutting, Hammering, Gripping and Pinching, Striking and Driving. Further, market is segmented into By Application such as Commercial, Residential.
Regional Analysis
Global Power Tools & Hand Tools Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific has the largest market share and such as increased urbanization and infrastructure investment Furthermore, China is one of the world's largest exporters of hand tools. China's rapid industrial development has prompted makers of hand tools and accessories to establish a presence in the country.
Key Players
Various key players are listed in this report such as Apex Tool Group, Channellock Inc., Klein Tools, Wera Tools, Stanley Black&Decker, Bosch GmbH, Snap-On, and Irwin Industrial Tools, Hangzhou Great Star Industrial Co. Ltd., Husqvarna.
Market Taxonomy
By Type
- Cutting, Hammering
- Gripping and Pinching
- Striking and Driving
By Application
- Commercial
- Residential
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Power Tools & Hand Tools Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Power Tools & Hand Tools Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Power Tools & Hand Tools Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Power Tools & Hand Tools Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Power Tools & Hand Tools Market Share Analysis, By Type
5.3 Global Power Tools & Hand Tools Market Size and Forecast, By Type
5.3.1 Cutting
5.3.2 Hammering
5.3.3 Gripping and Pinching
5.3.4 Striking and Driving
6 Global Power Tools & Hand Tools Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Power Tools & Hand Tools Market Share Analysis, By Application
6.3 Global Power Tools & Hand Tools Market Size and Forecast, By Application
6.3.1 Commercial
6.3.1 Residential
7 Global Power Tools & Hand Tools Market, By Sales Channel
7.1 Y-o-Y Growth Comparison, By Sales Channel
7.2 Global Power Tools & Hand Tools Market Share Analysis, By Sales Channel
7.3 Global Power Tools & Hand Tools Market Size and Forecast, By Sales Channel
7.3.1 Online Sales
7.3.2 Retail Sales
8 Global Power Tools & Hand Tools Market, By Region
8.1 Global Power Tools & Hand Tools Market Share Analysis, By Region
8.2 Global Power Tools & Hand Tools Market Share Analysis, By Region
8.3 Global Power Tools & Hand Tools Market Size and Forecast, By Region
9 North America Power Tools & Hand Tools Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Power Tools & Hand Tools Market Share Analysis, By Type
9.3 North America Power Tools & Hand Tools Market Size and Forecast, By Application
9.4 North America Power Tools & Hand Tools Market Size and Forecast, By Sales Channel
9.6 North America Power Tools & Hand Tools Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Power Tools & Hand Tools Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Power Tools & Hand Tools Market Share Analysis, By Type
10.3 Europe Power Tools & Hand Tools Market Size and Forecast, By Application
10.4 Europe Power Tools & Hand Tools Market Size and Forecast, By Sales Channel
10.6 Europe Power Tools & Hand Tools Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Power Tools & Hand Tools Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Power Tools & Hand Tools Market Share Analysis, By Type
11.3 Asia Pacific Power Tools & Hand Tools Market Size and Forecast, By Application
11.4 Asia Pacific Power Tools & Hand Tools Market Size and Forecast, By Sales Channel
11.6 Asia Pacific Power Tools & Hand Tools Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Power Tools & Hand Tools Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Power Tools & Hand Tools Market Share Analysis, By Type
12.3 Latin America Power Tools & Hand Tools Market Size and Forecast, By Application
12.4 Latin America Power Tools & Hand Tools Market Size and Forecast, By Sales Channel
12.6 Latin America Power Tools & Hand Tools Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Power Tools & Hand Tools Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Power Tools & Hand Tools Market Share Analysis, By Type
13.3 Middle East Power Tools & Hand Tools Market Size and Forecast, By Application
13.4 Middle East Power Tools & Hand Tools Market Size and Forecast, By Sales Channel
13.6 Middle East Power Tools & Hand Tools Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Apex Tool Group
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Channellock Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Klein Tools
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Wera Tools
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Stanley Black&Decker
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Bosch GmbH
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Snap-On
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Irwin Industrial Tools
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Hangzhou Great Star Industrial Co. Ltd.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.10 Husqvarna
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies