Industrial Hand Tools Market Dynamics 2021-2031
MARKET INTRODUCTION
The industrial hand tools are gaining popularity among the consumers with the increasing focus of the manufacturers on innovations and development in their retail strategies, as well as adopting omni-retail channels. The rapid development in the commercial and the residential construction activities is anticipated to grow the industrial hand tools market in the forecast period.
MARKET DYNAMICS
The growing automotive repair and maintenance activities and the continuous growth in construction industries are the major drivers for the growth of the industrial hand tools market. The increasing technological innovations across various industries is creating opportunities for the industrial hand tools market in the coming years.
MARKET SCOPE
The "Global Industrial Hand Tools Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of industrial hand tools market with detailed market segmentation by product type, sales channel, and geography. The global industrial hand tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial hand tools market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global industrial hand tools market is segmented on the product type and sales channel. Based on product type, the market is segmented into taps and dies, layout and measuring tools, general purpose tools, working tools, and others. Similarly, on the basis of sales channel the market is bifurcated into direct, and indirect.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial hand tools market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Industrial hand tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region. Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The report analyzes factors affecting industrial hand tools market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis across various regions namely: North America, Asia-Pacific, Europe, Middle East and Africa, and South America.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial hand tools market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Industrial hand tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial hand tools market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis across various regions namely: North America, Asia-Pacific, Europe, Middle East and Africa, and South America.
MARKET PLAYERS
The reports cover key developments in the industrial hand tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial hand tools market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial hand tools in the global market. Below mentioned is the list of few companies engaged in the Industrial hand tools market.
The report also includes the profiles of key industrial hand tools companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Akar Tools Limited
- Apex Tool Group, LLC.
- Channellock, Inc.
- CRAFTSMAN
- IBT Industrial Solutions
- Irwin Industrial Tools
- PARD Hardware Industrial
- Snap-On Incorporated
- Techtronic Industries Co. Ltd.
- Wera
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Industrial Hand Tools Market - By Product Type
1.3.2 Industrial Hand Tools Market - By Sales Channel
1.3.3 Industrial Hand Tools Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL HAND TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INDUSTRIAL HAND TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. INDUSTRIAL HAND TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL HAND TOOLS - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL HAND TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL HAND TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. TAPS AND DIES
7.3.1. Overview
7.3.2. Taps and Dies Market Forecast and Analysis
7.4. LAYOUT AND MEASURING TOOLS
7.4.1. Overview
7.4.2. Layout and Measuring Tools Market Forecast and Analysis
7.5. GENERAL PURPOSE TOOLS
7.5.1. Overview
7.5.2. General Purpose Tools Market Forecast and Analysis
7.6. WORKING TOOLS
7.6.1. Overview
7.6.2. Working Tools Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. INDUSTRIAL HAND TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - SALES CHANNEL
8.1. OVERVIEW
8.2. SALES CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. DIRECT
8.3.1. Overview
8.3.2. Direct Market Forecast and Analysis
8.4. INDIRECT
8.4.1. Overview
8.4.2. Indirect Market Forecast and Analysis
9. INDUSTRIAL HAND TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Industrial Hand Tools Market Overview
9.1.2 North America Industrial Hand Tools Market Forecasts and Analysis
9.1.3 North America Industrial Hand Tools Market Forecasts and Analysis - By Product Type
9.1.4 North America Industrial Hand Tools Market Forecasts and Analysis - By Sales Channel
9.1.5 North America Industrial Hand Tools Market Forecasts and Analysis - By Countries
9.1.5.1 United States Industrial Hand Tools Market
9.1.5.1.1 United States Industrial Hand Tools Market by Product Type
9.1.5.1.2 United States Industrial Hand Tools Market by Sales Channel
9.1.5.2 Canada Industrial Hand Tools Market
9.1.5.2.1 Canada Industrial Hand Tools Market by Product Type
9.1.5.2.2 Canada Industrial Hand Tools Market by Sales Channel
9.1.5.3 Mexico Industrial Hand Tools Market
9.1.5.3.1 Mexico Industrial Hand Tools Market by Product Type
9.1.5.3.2 Mexico Industrial Hand Tools Market by Sales Channel
9.2. EUROPE
9.2.1 Europe Industrial Hand Tools Market Overview
9.2.2 Europe Industrial Hand Tools Market Forecasts and Analysis
9.2.3 Europe Industrial Hand Tools Market Forecasts and Analysis - By Product Type
9.2.4 Europe Industrial Hand Tools Market Forecasts and Analysis - By Sales Channel
9.2.5 Europe Industrial Hand Tools Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Industrial Hand Tools Market
9.2.5.1.1 Germany Industrial Hand Tools Market by Product Type
9.2.5.1.2 Germany Industrial Hand Tools Market by Sales Channel
9.2.5.2 France Industrial Hand Tools Market
9.2.5.2.1 France Industrial Hand Tools Market by Product Type
9.2.5.2.2 France Industrial Hand Tools Market by Sales Channel
9.2.5.3 Italy Industrial Hand Tools Market
9.2.5.3.1 Italy Industrial Hand Tools Market by Product Type
9.2.5.3.2 Italy Industrial Hand Tools Market by Sales Channel
9.2.5.4 United Kingdom Industrial Hand Tools Market
9.2.5.4.1 United Kingdom Industrial Hand Tools Market by Product Type
9.2.5.4.2 United Kingdom Industrial Hand Tools Market by Sales Channel
9.2.5.5 Russia Industrial Hand Tools Market
9.2.5.5.1 Russia Industrial Hand Tools Market by Product Type
9.2.5.5.2 Russia Industrial Hand Tools Market by Sales Channel
9.2.5.6 Rest of Europe Industrial Hand Tools Market
9.2.5.6.1 Rest of Europe Industrial Hand Tools Market by Product Type
9.2.5.6.2 Rest of Europe Industrial Hand Tools Market by Sales Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Industrial Hand Tools Market Overview
9.3.2 Asia-Pacific Industrial Hand Tools Market Forecasts and Analysis
9.3.3 Asia-Pacific Industrial Hand Tools Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Industrial Hand Tools Market Forecasts and Analysis - By Sales Channel
9.3.5 Asia-Pacific Industrial Hand Tools Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Industrial Hand Tools Market
9.3.5.1.1 Australia Industrial Hand Tools Market by Product Type
9.3.5.1.2 Australia Industrial Hand Tools Market by Sales Channel
9.3.5.2 China Industrial Hand Tools Market
9.3.5.2.1 China Industrial Hand Tools Market by Product Type
9.3.5.2.2 China Industrial Hand Tools Market by Sales Channel
9.3.5.3 India Industrial Hand Tools Market
9.3.5.3.1 India Industrial Hand Tools Market by Product Type
9.3.5.3.2 India Industrial Hand Tools Market by Sales Channel
9.3.5.4 Japan Industrial Hand Tools Market
9.3.5.4.1 Japan Industrial Hand Tools Market by Product Type
9.3.5.4.2 Japan Industrial Hand Tools Market by Sales Channel
9.3.5.5 South Korea Industrial Hand Tools Market
9.3.5.5.1 South Korea Industrial Hand Tools Market by Product Type
9.3.5.5.2 South Korea Industrial Hand Tools Market by Sales Channel
9.3.5.6 Rest of Asia-Pacific Industrial Hand Tools Market
9.3.5.6.1 Rest of Asia-Pacific Industrial Hand Tools Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Industrial Hand Tools Market by Sales Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Industrial Hand Tools Market Overview
9.4.2 Middle East and Africa Industrial Hand Tools Market Forecasts and Analysis
9.4.3 Middle East and Africa Industrial Hand Tools Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Industrial Hand Tools Market Forecasts and Analysis - By Sales Channel
9.4.5 Middle East and Africa Industrial Hand Tools Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Industrial Hand Tools Market
9.4.5.1.1 South Africa Industrial Hand Tools Market by Product Type
9.4.5.1.2 South Africa Industrial Hand Tools Market by Sales Channel
9.4.5.2 Saudi Arabia Industrial Hand Tools Market
9.4.5.2.1 Saudi Arabia Industrial Hand Tools Market by Product Type
9.4.5.2.2 Saudi Arabia Industrial Hand Tools Market by Sales Channel
9.4.5.3 U.A.E Industrial Hand Tools Market
9.4.5.3.1 U.A.E Industrial Hand Tools Market by Product Type
9.4.5.3.2 U.A.E Industrial Hand Tools Market by Sales Channel
9.4.5.4 Rest of Middle East and Africa Industrial Hand Tools Market
9.4.5.4.1 Rest of Middle East and Africa Industrial Hand Tools Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Industrial Hand Tools Market by Sales Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Industrial Hand Tools Market Overview
9.5.2 South and Central America Industrial Hand Tools Market Forecasts and Analysis
9.5.3 South and Central America Industrial Hand Tools Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Industrial Hand Tools Market Forecasts and Analysis - By Sales Channel
9.5.5 South and Central America Industrial Hand Tools Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Industrial Hand Tools Market
9.5.5.1.1 Brazil Industrial Hand Tools Market by Product Type
9.5.5.1.2 Brazil Industrial Hand Tools Market by Sales Channel
9.5.5.2 Argentina Industrial Hand Tools Market
9.5.5.2.1 Argentina Industrial Hand Tools Market by Product Type
9.5.5.2.2 Argentina Industrial Hand Tools Market by Sales Channel
9.5.5.3 Rest of South and Central America Industrial Hand Tools Market
9.5.5.3.1 Rest of South and Central America Industrial Hand Tools Market by Product Type
9.5.5.3.2 Rest of South and Central America Industrial Hand Tools Market by Sales Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. INDUSTRIAL HAND TOOLS MARKET, KEY COMPANY PROFILES
11.1. AKAR TOOLS LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. APEX TOOL GROUP, LLC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHANNELLOCK, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CRAFTSMAN
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. IBT INDUSTRIAL SOLUTIONS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IRWIN INDUSTRIAL TOOLS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PARD HARDWARE INDUSTRIAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SNAP-ON INCORPORATED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TECHTRONIC INDUSTRIES CO. LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WERA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Akar Tools Limited
- Apex Tool Group, LLC.
- Channellock, Inc.
- CRAFTSMAN
- IBT Industrial Solutions
- Irwin Industrial Tools
- PARD Hardware Industrial
- Snap-On Incorporated
- Techtronic Industries Co. Ltd.
- Wera
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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