Global Hand Tools Market Analysis & Forecasts 2018-2022, With the Market Value Estimated to Rise at a CAGR of Almost 4% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 9, 2018--The “Global Hand Tools Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The analysts forecast the global hand tools market to grow at a CAGR of 3.95% during the period 2018-2022.
Hand tools is an umbrella term for instruments such as pliers, cutters, and wrenches that are not powered by electricity. Hand tools are used in activities such as chopping, chiseling, and forging across the manufacturing, construction, automotive, and household sectors.
The latest trend gaining momentum in the market is the increasing availability of hand tools through e-commerce platforms. As the demand for hand tools from households is increasing due to the rise in DIY activities, companies offering hand tools are adopting omni-retail channels. As a result, the growing penetration of global e-commerce sector is driving the sales of hand tools.
One of the major drivers for this market is the growing demand for hand tools from emerging economies. Infrastructure development activities such as the construction of roads, buildings, and airports are increasing in emerging economies including India and China, in turn, driving the demand for hand tools in the forthcoming years.
The report states that one of the major factors hindering the growth of this market is the growing competition from substitutes. The use of power tools offering higher precision over hand tools is one of the key deterrents to the growth of the market. Manufacturers of power tools are trying to increase their market share by expanding their operations in various countries, which, might hinder the growth of the market during the predicted period.
Companies MentionedAkar Tools Apex Tool Group Snap-on Stanley Black & Decker Techtronic Industries
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Application
8: Market Segmentation By End-User
9: Customer Landscape
10: Regional Landscape
11: Decision Framework
12: Drivers And Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/4czvff/global_hand_tools?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180709005345/en/
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Related Topics:Hand Tools
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 07/09/2018 05:24 AM/DISC: 07/09/2018 05:24 AM