Global Mechanical Hand Tools Market Is Poised To Reach USD 20,516.3 Million by 2023

Market research future published a cooked research report on global mechanical hand tools market. The mechanical hand tools market is expected to grow over the CAGR of around 3.67% during the period 2017 to 2023.

Global Mechanical Hand Tools Market, By Type (Hand Service Tools, Edge Tools, Hand Saw And Others), By Application (Construction Industry, Decoration Industry, And Household Application), And Region – Forecast 2017-2023.

The need for mechanical hand tools is gradually rising owing to factors such as, growing demand from construction industry coupled with increasing industrialization, growing application industries, increasing demand from household applications and among others. Mechanical hand tools are widely used in the construction industry. The rise in the number of manufacturing plants, where hand tools are majorly used, will lead to the growth of mechanical hand tool market. The industrial sector is expected to grow and would increase in demand for professional hand tools kit, thus leading to the growth of the market. On the other hand, the need for hand tools is likely to increase with the increase in the demand for wooden furniture. The key factors responsible for the growth of the furniture market is growth in construction and renovation activities. Increase in the number of single-person and two person households, has resulted in the increase in demand for small and convenient furniture.

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The global Mechanical Hand Tools market has witnessed a moderate growth over the past few year and it has been analysed that the market will grow at the same pace during the forecast period. This market was valued at USD 16,044.1 million in 2016 and is poised to reach USD 20,516.3 million with a CAGR of 3.67% during the forecast period.

Market Segmentation: 
The global mechanical hand tools market has been segmented into:

By Type 

  • Hand Service Tools
  • Edge Tools
  • Hand Saw
  • Others

By Application 

  • Construction Industry
  • Decoration Industry
  • Household Application 

Regional Analysis

Geographically, North America has emerged as the leading market for mechanical hand tools market consuming around 35.3% market share in 2016. US is one of the leading country in terms of consumption owing to the rising construction sites and rapid industrialization. Asia-Pacific region has registered itself as the fastest growing region with a CAGR of 4.00% during forecast period. Whereas Europe stood on third rank in terms of value. 

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The major players operating in this market, who have adopted these strategies, are

  • Robert Bosch Tool Corporation (U.S)
  • Stanley Black & Decker, Inc (U.S.)
  • Snap-on (U.S.)
  • TOYA SA (Poland)
  • Metabowerke GmbH (Germany)
  • Hilti Corporation (Liechtenstein)
  • Techtronic Industries Co. Ltd (TTI) (Hong Kong)
  • Makita Corporation (U.S.)
  • Wurth Group (Germany)
  • Klein Tools (U.S.)

The report for Global Mechanical Hand Tools Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Table of Contents

1    Executive Summary    12

2    Introduction    14

2.1    Definition    14

2.2    Scope of the Study    14

2.3    Assumptions    14

2.4    Market Structure    15

3    Research Methodology    16

3.1    Research Process    16

3.2    Primary Research    17

3.3    Secondary Research    17

3.4    Market Size Estimation    17

4    Market Dynamics    20

4.1    Introduction    20

4.2    Impact Analysis    20

4.3    Market Drivers    21

4.3.1    growth in construction industry    21

4.3.2    Growth in the furniture market    21

4.3.3    Increase use of capital goods in households    22

4.4    Restraints    22

4.4.1    Power Tools Replacing Traditional Hand Tools    22

4.4.2    Fluctuation In Raw Material Prices    23

4.5    Opportunities    23

4.5.1    Broader Scope In Developing Nation    23

5    Market Factor Analysis    24

5.1    Porter’s Five Forces Analysis    24

5.1.1    Threat of New Entrants    24

5.1.2    Bargaining Power of Suppliers    24

5.1.3    Bargaining Power of Buyers    25

5.1.4    Threat of Substitutes    25

5.1.5    Rivalry    25

5.2    Supply Chain Analysis    25

6    Global mechanical Hand Tools Market, By Type    27

6.1    Overview    27

6.1.1    Edge Tools    29

6.1.2    Hand service tools    29

6.1.3    Handsaw    29

6.1.4    Other    29

7    Global Mechanical Hand Tools Market, By Application    30

7.1    Overview    31

7.1.1    Construction Industry    32

7.1.2    Decoration Industry    32

7.1.3    Household Application    32

8    Global Mechanical Hand Tools Market, By Region    33

8.1    Introduction    34

8.2    North America    35

8.2.1    US    37

8.2.2    Canada    38

8.3    Europe    40

8.3.1    Germany    42

8.3.2    UK    44

8.3.3    France    45

8.3.4    Italy.    47

8.3.5    Rest of Europe    48

8.4    Asia-Pacific    50

8.4.1    China    52

8.4.2    Japan    54

8.4.3    India    55

8.4.4    Rest of Asia-Pacific    57

8.5    Rest of the World    58

8.5.1    Latin America    61

8.5.2    Middle East & Africa    62

9    Competitive Scenario    64

9.1    Overview    64

9.1.1    Merger & Acquisition    65

9.1.2    Product Development    65

10    Company Profiles    66

10.1    Robert Bosch Tool Corporation    66

10.1.1    Company Overview    66

10.1.2    Financial Overview    66

10.1.3    Product/Service Offering    67

10.1.4    Strategy    67

10.2    Stanley Black & Decker, Inc.    69

10.2.1    Company Overview    69

10.2.2    Financial Overview    69

10.2.3    Product/Service Offering    70

10.2.4    Strategy    71

10.2.5    Strategic Development    71

10.3    Snap-on    73

10.3.1    Company Overview    73

10.3.2    Financial Overview    73

10.3.3    Product/Service Offering    74

10.3.4    Strategy    74

10.3.5    Chart: Strategic Development    74

10.4    TOYA SA    76

10.4.1    Company Overview    76

10.4.2    Financial Overview    76

10.4.3    Product/Service Offering    77

10.4.4    Strategy    78

10.5    Metabowerke GmbH    79

10.5.1    Company Overview    79

10.5.2    Financial Overview    79

10.5.3    Product/Service Offering    80

10.5.4    Strategy    80

10.6    Hilti Corporation    81

10.6.1    Company Overview    81

10.6.2    Financial Overview    81

10.6.3    Product/Service Offering    82

10.6.4    Strategy    82

10.7    Techtronic Industries Co. Ltd(TTI)    84

10.7.1    Company Overview    84

10.7.2    Financial Overview    84

10.7.3    Product/Service Offering    85

10.7.4    Strategy    86

10.8    Makita Corporation    87

10.8.1    Company Overview    87

10.8.2    Financial Overview    87

10.8.3    Product/Service Offering    88

10.8.4    Strategy    88

10.9    Wurth Group    89

10.9.1    Company Overview    89

10.9.2    Financial Overview    89

10.9.3    Product/Service Offering    90

10.9.4    Strategy    90

10.10    Klein Tools    91

10.10.1    Company Overview    91

10.10.2    Financial Overview    91

10.10.3    Product/ Service Offering    92

10.10.4    Strategy    92

11    Conclusion    93

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