Global Hand Tools & Woodworking Tools Market

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

  • Report ID: EP-3553
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 200
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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.

Global Hand Tools & Woodworking Tools Market summary

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.

Global Hand Tools & Woodworking Tools Market taxonomy

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.

Global Hand Tools & Woodworking Tools Market keyplayers

1. Executive Summary
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.

Global Hand Tools & Woodworking Tools Market keyplayers

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