Hand Tools & Woodworking Tools Market is expected to reach US$ 11.39 Bn. by 2029, at a CAGR of 4.2% during the forecast period.Hand Tools & Woodworking Tools Market Overview
Tools and equipment that are not powered by electricity are referred to as hand tools. These tools are used in gardening, agriculture, and framing regularly. Because the instruments are controlled by hand, they can only be used for certain jobs and abilities. The market's growth is due to an increase in construction and infrastructure projects, as well as the adoption of hand tools in households for residential reasons and the growth of manufacturing activities throughout the globe.To know about the Research Methodology :- Request Free Sample Report
Hand Tools & Woodworking Tools Market Dynamics
The market is expected to grow due to the rising need for construction and infrastructure projects infrastructure growth and urbanization during the forecast period. Governments from all major countries are making efforts toward infrastructure development and making essential expenditures in the sector to encourage such improvements. Projects including the construction of roads, railroads, airports, energy, utilities, and commercial and residential structures are among the infrastructure development projects. Thus, the need for hand tools is increasing as a result of increased projects and fast-changing demands in the construction and infrastructure industries. Additionally, automation aids manufacturers in a variety of ways, including lowering operating costs, decreasing human effort, enhancing worker safety, boosting manufacturing output, and improving output quality. Likewise, automated hand tools are used to replace manual tools, such as self-acting tools that replace precision with automated functionality and provides smart solutions. Thus, automated hand tools are expected to provide more opportunities for market growth throughout the forecast period. Restraints: Some hand tools are sharp-edged, heavy-weight, hazardous equipment that can be dangerous to use during operations. Because of poor usage or handling, such equipment might cause damage to human safety. These factors are expected to hamper market growth during the forecast period.Impact of COVID-19 on the Hand Tools and Woodworking Tools Market
The COVID pandemic has had a significant impact on the market, with over 43% of unit sales hampered owing to manufacturers' shipping capacity disruption as a result of strict lockdown regulations. The pandemic has hampered the manufacture of hand tools, as well as other sectors, resulting in a scarcity of raw materials, a drop in exports, and supply chain disruptions. Due to the lockdown impositions, commercial, construction, and infrastructure projects all across the world were either cancelled or placed on hold. However, because homeowners spent most of their time at home during the pandemic, there was a significant change in focus toward house renovations, and home décor activities at the residential level. This resulted in a significant demand for hand tools during the pandemic.Hand Tools & Woodworking Tools Market Segmentation Analysis
By Type, Wrenches had the largest market share of xx percent in the hand tool market in 2022. These wrenches are used to grip and spin objects as well as fasten standard bolts and nuts. Wrenches are essential in the automobile industry, as well as the plumbing and electrical sectors, where they are needed to complete fitting operations. By Distribution Channel, The online distribution channels held the largest market share of 4.2% in 2022 and are expected to continue their dominance throughout the forecast period. They offer several additional services to clients, such as product delivery to their doorsteps and an online display of a wide range of brands through online e-commerce platforms. This allows consumers to compare, analyze, research, and choose the finest hand tool for their needs. Many hand tool makers have been able to offer their items directly to end users thanks to these online platforms.Regional Insights
The Asia Pacific held the largest market share of xx% in 2019, with China being the most important market for hand tools and woodworking tools. The fast industrialization and increasing building activity in countries like India, China, Australia, and Japan have fueled the growth of the hand tools and woodworking tools market in Asia pacific. China's growing automotive, electronics, and aerospace sectors provide prospects for the development of hand tools in the country. Even governments in the world's most developed countries are taking steps to build infrastructure and construction plans, as well as to promote industrial development as the number of industrial facilities and manufacturing units grows. Hand tool and accessory producers all around the world are paying attention to the advanced industrial growth in developed countries like the United States and Germany. The presence of numerous brands in the German market encourages the use of hand tools in the manufacturing and assembly of vehicles, aircraft, and other similar products. This drives toolmakers to release more advanced and efficient tools and accessories. For example, Robert Bosch Power Tools GmbH, a German part of the Robert Bosch Group, earned about 16% of its sales from Germany itself.Hand Tools & Woodworking Tools Market Scope: Inquire before buying
Hand Tools & Woodworking Tools Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 8.54 Bn. Forecast Period 2023 to 2029 CAGR: 4.2% Market Size in 2029: US $ 11.39 Bn. Segments Covered: by End User Professional Residential by Type Wrenches Chisels Hammers Saws Screwdrivers Pliers Others by Distribution Channel Online Offline Hand Tools & Woodworking Tools Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players:
1. Akar Tools Limited 2. Stanley Black and Decker 3. Apex Tool Group 4. Klein Tools Inc 5. Snap-On Incorporated 6. Techtronic Industries Co. Ltd 7. Wera Tools 8. Channellock, Inc 9. JCBL India 10. Emerson Electric Co. 11. Husqvarna 12. Hangzhou Great Star Industrial Co. Ltd 13. Robert Bosch Tool Corporation 14. TOYA SA 15. Metabowerke GmbH Frequently Asked Questions 1. What is the projected market size & growth rate of the Global Hand Tools & Woodworking Tools Market? Ans- Hand Tools & Woodworking Tools Market was valued at USD 8.54 Billion in 2022 and is projected to reach USD 11.39 Billion by 2029, growing at a CAGR of 4.2% during the forecast period. 2. What are the key driving factors for the growth of the Global Hand Tools & Woodworking Tools Market? Ans- The market's growth is due to an increase in construction and infrastructure projects, as well as the adoption of hand tools in households for residential reasons and the growth of manufacturing activities throughout the globe. 3. Which region accounted for the largest Global Hand Tools & Woodworking Tools market share? Ans- The Asia Pacific held the largest market share of xx% in 2022, with China being the most important market for hand tools and woodworking tools. The fast industrialization and increasing building activity in countries like India, China, Australia, and Japan have fueled the growth of the hand tools and woodworking tools market in Asia pacific. 4. What Makes Germany a Lucrative Market for the Global Hand Tools & Woodworking Tools market? Ans- The presence of numerous brands in the German market encourages the use of hand tools in the manufacturing and assembly of vehicles, aircraft, and other similar products. This drives toolmakers to release more advanced and efficient tools and accessories. For example, Robert Bosch Power Tools GmbH, a German part of the Robert Bosch Group, earned about 16% of its sales from Germany itself. 5. What are the top players operating in the Global Hand Tools & Woodworking Tools Market? Ans- The major players operating in the WES market include Akar Tools Limited, Snap-On Incorporated, Stanley Black and Decker, Techtronic Industries Co. Ltd, Wera Tools, Apex Tool Group.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Hand Tools & Woodworking Tools Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Hand Tools & Woodworking Tools Market 3.4. Geographical Snapshot of the Hand Tools & Woodworking Tools Market , By Manufacturer share 4. Global Hand Tools & Woodworking Tools Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Hand Tools & Woodworking Tools Market 5. Supply Side and Demand Side Indicators 6. Global Hand Tools & Woodworking Tools Market Analysis and Forecast, 2022-2029 6.1. Global Hand Tools & Woodworking Tools Market Size & Y-o-Y Growth Analysis. 7. Global Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Wrenches 7.1.2. Chisels 7.1.3. Hammers 7.1.4. Saws 7.1.5. Screwdrivers 7.1.6. Pliers 7.1.7. Others 7.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 7.2.1. Professional 7.2.2. Residential 7.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.3.1. Online 7.3.2. Offline 8. Global Hand Tools & Woodworking Tools Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Wrenches 9.1.2. Chisels 9.1.3. Hammers 9.1.4. Saws 9.1.5. Screwdrivers 9.1.6. Pliers 9.1.7. Others 9.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 9.2.1. Professional 9.2.2. Residential 9.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 9.3.1. Online 9.3.2. Offline 10. North America Hand Tools & Woodworking Tools Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Canada Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Mexico Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 15. Europe Hand Tools & Woodworking Tools Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. France Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Germany Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Italy Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Spain Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. Sweden Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. CIS Countries Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Rest of Europe Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 25. Asia Pacific Hand Tools & Woodworking Tools Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. India Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. Japan Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. South Korea Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. Australia Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. ASEAN Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Rest of Asia Pacific Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 34. Middle East Africa Hand Tools & Woodworking Tools Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. GCC Countries Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Egypt Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Nigeria Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. Rest of ME&A Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 41. South America Hand Tools & Woodworking Tools Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Argentina Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Rest of South America Hand Tools & Woodworking Tools Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Hand Tools & Woodworking Tools Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Apex Tool Group 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Akar Tools Limited 45.5. Snap-On Incorporated 45.6. Stanley Black and Decker 45.7. Techtronic Industries Co. Ltd 45.8. Wera Tools 45.9. Apex Tool Group 45.10. Klein Tools Inc 45.11. Channellock, Inc 45.12. JCBL India 45.13. Emerson Electric Co. 45.14. Husqvarna 45.15. Hangzhou Great Star Industrial Co. Ltd 45.16. Robert Bosch Tool Corporation 45.17. TOYA SA 45.18. Metabowerke GmbH 46. Primary Key Insights