Hand Tools & Woodworking Tools Market By Types (Wrenches, Chisels, Hammers, Saws, Screwdrivers, Pliers, and others), By Distribution Channels (Online [Company-owned Portal and E-commerce], Offline [Supermarket/Hypermarket, Speciality Stores, and Departmental stores]), By End-users (Professional and Residential) and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global hand tools & woodworking tools market size was valued at approximately USD 1.3 Bn in 2020 and is expected to reach approximately USD 2.25 Bn by 2028, expanding at a CAGR of 4% during the forecast period, 2021-2028. Hand tools are any tools or pieces of equipment that are not powered by electricity. Gardening, agriculture, and framing all utilize this equipment on a daily basis. The instruments are utilized for specific professions and skills, as they are operated by hand. The market is expanding as a result of increasing building and infrastructure projects, as well as the acceptance of hand tools in households for domestic purposes and the expansion of manufacturing operations across the globe.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing commercial and residential building and infrastructure projects, as well as the acceptance of hand tools in homes for domestic reasons, rising manufacturing setups, and increasing repair and maintenance operations across the world, are all contributing to the growth of the market.
- Growing safety risks and concerns about inappropriate usage of hand tools are limiting industry expansion.
- Increased hand tool automation to decrease physical labor is expected to increase hand tool utilization.
Scope of the report:
The report on the global hand tools & woodworking tools market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
| Attributes | Details |
| Report Title | Hand Tools & Woodworking Tools Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast |
| Base Year | 2020 |
| Historic Data | 2018 & 2019 |
| Forecast Period | 2021–2028 |
| Segmentation | By Types (Wrenches, Chisels, Hammers, Saws, Screwdrivers, Pliers, and others), By Distribution Channels (Online [Company-owned Portal and E-commerce], Offline [Supermarket/Hypermarket, Speciality Stores, and Departmental stores]), By End-users (Professional and Residential) |
| Regional Scope | Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
| Report Coverage | Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
| Key Players Covered in the Report | Apex Tool Group, LLC., Stanley Black and Decker, Inc, Klein Tools, Inc., AKAR AUTO INDUSTRIES LTD., TAPARIA TOOLS LTD, Hangzhou Great Star Industrial Co., Ltd., TOYA S.A., Martin Sprocket & Gear, Inc., Channellock, Inc., and Wright Tool Company |
Global Hand Tools and Woodworking Tools Market Segment Insights:
Saw segment to drive the market
Based on types, the global hand tools & woodworking tools market is segmented into wrenches, chisels, hammers, saws, screwdrivers, pliers, and others. The saw segment is expected to hold a significant share of the hand & woodworking tools market, owing to low lifespan of the saw. All mentioned tools are important while woodworking, therefore these tools are expected to drive the market according to the need of the end-user.
High benefits of online segment to drive the market
On the basis of distribution channels, the global hand tools & woodworking tools market is segmented into online and offline. The online segment is expected to expand at a substantial rate, owing to high internet penetration across the globe. Shopping habits of customers are shifting as a result of online distribution platforms. They offer several extra benefits to clients, such as door-to-door delivery of items and an online display of a wide range of products and brands to pick from via their online e-commerce platforms. On the online marketplaces, many third-party distributors sell hand tools. This allows consumers to research, analyze, compare, and pick suitable hand tool for their needs. Many hand tool makers are now able to offer their items directly to end-users, due to these online channels.
Professional segment to drive the market
Based on end-users, the global hand tools & woodworking tools market is segmented into professional and residential. During the forecast period, the professional end-users segment is anticipated to dominate the market. Professional applications such as plumbing, electricity, and carpentry registered significant expansion as a result of infrastructure development across the globe.
Growing industrialization in Asia Pacific to drive the market
In terms of regions, the global hand tools & woodworking tools market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Growing industrialization and increasing building activities in countries such as India, China, Australia, and Japan fueled the hand tools and woodworking tools market in Asia Pacific. Both construction and industrial operations rely heavily on hand tools. Governments in 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.
Segments
Segments Covered in the Report:
By Types
- Wrenches
- Chisels
- Hammers
- Saws
- Screwdrivers
- Pliers
- Others
By Distribution Channels
- Online
- Company Owned Portal
- E-commerce
- Offline
- Supermarket/Hypermarket
- Speciality Stores
- Departmental Stores
By End-users
- Professional
- Residential
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Apex Tool Group, LLC.
- Stanley Black and Decker, Inc
- Klein Tools, Inc.
- AKAR AUTO INDUSTRIES LTD.
- TAPARIA TOOLS LTD
- Hangzhou Great Star Industrial Co., Ltd.
- TOYA S.A.
- Martin Sprocket & Gear, Inc.
- Channellock, Inc.
- Wright Tool Company
Competitive Landscape
Key players in the global hand tools & woodworking tools market include Apex Tool Group, LLC., Stanley Black and Decker, Inc, Klein Tools, Inc., AKAR AUTO INDUSTRIES LTD., TAPARIA TOOLS LTD, Hangzhou Great Star Industrial Co., Ltd., TOYA S.A., Martin Sprocket & Gear, Inc., Channellock, Inc., and Wright Tool Company.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hand Tools & Woodworking Tools Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hand Tools & Woodworking Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hand Tools & Woodworking Tools Market - Supply Chain
4.5. Global Hand Tools & Woodworking Tools Market Forecast
4.5.1. Hand Tools & Woodworking Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hand Tools & Woodworking Tools Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Hand Tools & Woodworking Tools Market Absolute $ Opportunity
5. Global Hand Tools & Woodworking Tools Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Hand Tools & Woodworking Tools Market Size and Volume Forecast by Types
5.3.1. Wrenches
5.3.2. Chisels
5.3.3. Hammers
5.3.4. Saws
5.3.5. Screwdrivers
5.3.6. Pliers
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Hand Tools & Woodworking Tools Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Hand Tools & Woodworking Tools Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Hand Tools & Woodworking Tools Demand Share Forecast, 2019-2026
7. North America Hand Tools & Woodworking Tools Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Hand Tools & Woodworking Tools Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Hand Tools & Woodworking Tools Market Size and Volume Forecast by Types
7.4.1. Wrenches
7.4.2. Chisels
7.4.3. Hammers
7.4.4. Saws
7.4.5. Screwdrivers
7.4.6. Pliers
7.4.7. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Hand Tools & Woodworking Tools Demand Share Forecast, 2019-2026
8. Latin America Hand Tools & Woodworking Tools Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Hand Tools & Woodworking Tools Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Hand Tools & Woodworking Tools Market Size and Volume Forecast by Types
8.4.1. Wrenches
8.4.2. Chisels
8.4.3. Hammers
8.4.4. Saws
8.4.5. Screwdrivers
8.4.6. Pliers
8.4.7. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Hand Tools & Woodworking Tools Demand Share Forecast, 2019-2026
9. Europe Hand Tools & Woodworking Tools Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Hand Tools & Woodworking Tools Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Hand Tools & Woodworking Tools Market Size and Volume Forecast by Types
9.4.1. Wrenches
9.4.2. Chisels
9.4.3. Hammers
9.4.4. Saws
9.4.5. Screwdrivers
9.4.6. Pliers
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Hand Tools & Woodworking Tools Demand Share Forecast, 2019-2026
10. Asia Pacific Hand Tools & Woodworking Tools Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Hand Tools & Woodworking Tools Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Hand Tools & Woodworking Tools Market Size and Volume Forecast by Types
10.4.1. Wrenches
10.4.2. Chisels
10.4.3. Hammers
10.4.4. Saws
10.4.5. Screwdrivers
10.4.6. Pliers
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Hand Tools & Woodworking Tools Demand Share Forecast, 2019-2026
11. Middle East & Africa Hand Tools & Woodworking Tools Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Hand Tools & Woodworking Tools Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Hand Tools & Woodworking Tools Market Size and Volume Forecast by Types
11.4.1. Wrenches
11.4.2. Chisels
11.4.3. Hammers
11.4.4. Saws
11.4.5. Screwdrivers
11.4.6. Pliers
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Hand Tools & Woodworking Tools Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Hand Tools & Woodworking Tools Market: Market Share Analysis
12.2. Hand Tools & Woodworking Tools Distributors and Customers
12.3. Hand Tools & Woodworking Tools Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Apex Tool Group, LLC.
12.4.2. Stanley Black and Decker, Inc
12.4.3. Klein Tools, Inc.
12.4.4. AKAR AUTO INDUSTRIES LTD.
12.4.5. TAPARIA TOOLS LTD
12.4.6. Hangzhou Great Star Industrial Co., Ltd.
12.4.7. TOYA S.A.
12.4.8.
Segments Covered in the Report:
By Types
- Wrenches
- Chisels
- Hammers
- Saws
- Screwdrivers
- Pliers
- Others
By Distribution Channels
- Online
- Company Owned Portal
- E-commerce
- Offline
- Supermarket/Hypermarket
- Speciality Stores
- Departmental Stores
By End-users
- Professional
- Residential
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Apex Tool Group, LLC.
- Stanley Black and Decker, Inc
- Klein Tools, Inc.
- AKAR AUTO INDUSTRIES LTD.
- TAPARIA TOOLS LTD
- Hangzhou Great Star Industrial Co., Ltd.
- TOYA S.A.
- Martin Sprocket & Gear, Inc.
- Channellock, Inc.
- Wright Tool Company
Key players in the global hand tools & woodworking tools market include Apex Tool Group, LLC., Stanley Black and Decker, Inc, Klein Tools, Inc., AKAR AUTO INDUSTRIES LTD., TAPARIA TOOLS LTD, Hangzhou Great Star Industrial Co., Ltd., TOYA S.A., Martin Sprocket & Gear, Inc., Channellock, Inc., and Wright Tool Company.
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