According to a report available on Radiant Insights, Inc.; the global non-power-driven hand tool market is anticipated to grow steadily by 2022. Demand from construction, manufacturing, maintenance, and agriculture can drive the market during the forecast period (2018 to 2022). Increasing constriction activities due to rapid urbanization and industrialization has boost the demand for these tools. Various non-power-driven hand tools play a crucial role in construction activity during survey, construction, and maintenance. These tools are extensively utilized during various construction activities such as demolition, drilling, concrete cutting, and polishing. To carry out these activities’ tools such as drills, drivers, and hammers are commonly utilized. Farmers and gardeners depend on non-power-driven hand tools for performing daily tasks such as cutting, pruning, and repairs.
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Moreover, drilling and fastening tools finds applications in several industries such as automotive, electronics, aerospace, consumer appliances, and others. For instance, Mapal earlier introduced a CFK range of hand drills for aerospace. This tool can be used at the time of the final assembly of fuselage sections for passenger aircraft, which includes precision drilling of rivet and bolt holes. Where, the use of automated equipment is not recommended. Increasing use of these tools among the professionals as well as DIY consumers is expected to boost the market growth in the coming years. Hand tools are generally available at cheap prices. Different types of household and DIY hand tools can help in household fixture.
For instance, Stanley has developed a product called STANLEY Anti-Vibe Hammers. These hammers are designed for professionals as well as serious DIY uses. The product features a tuning fork design, which helps to decrease harmful vibrations. The product also has the ergonomically designed handles, with the rubber grip molded directly onto the shaft that provides a multiple grip position. In addition, the handles contain a specially textured grip that supports in wet conditions. Its enlarged handle design helps to reduce gripping fatigue. Worldwide non-power-driven hand tool market can be segmented on the basis of product and region. Based on product, the market can be categorized into hand saws, hand-operated wrenches and spanners, hammers and sledge hammers, tapping, drilling and threading tools, and screwdrivers.
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Geographically, the non-power-driven hand tool market can be divided into United States, Canada, France, China, Germany, Japan, India, South Korea, United Kingdom, and Spain. The U.S. and Canada are expected to remain dominant as compared to other regions during the forecast period. This growth can be ascribed to growth in industries including automotive, construction, and manufacturing. The non-power-driven hand tools are incorporated for industrial and residential applications. The DIY trend is quite popular among the consumers in the U.S. Countries such as India and China are expected to show significant growth on account of growing construction industry. In addition, agricultural is one of the major sectors in these countries, which is also expected to drive the demand for hand tools.
Some of the leading companies operating in the non-power-driven hand tool market include Medtronic, HeartSine Technologies, Philips, Nihon Kohden, and Mindray. The market comprises various regional vendors as well as few multinational companies. Participants in the market are focusing more on the development of innovative products. Additionally, they are also focusing more on the development of the tools with easy handling mechanism. Manufacturers are also emphasizing on the development of rough product for specific applications. For instance, MILWAUKEE recently introduced the 10L Pipe Wrench with POWERLENGTH Handle. This tool eliminates the need to modify a smaller pipe. The 10L Pipe Wrench with POWERLENGTH Handle is combined by steel and aluminum pipe wrenches for pipe and fitting applications.
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