Global Hand Tools and Accessories Industry Report 2024-2030: Multitasking Hand Tools Grow in Prominence - U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 6.8% CAGR

DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Hand Tools and Accessories - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Hand Tools and Accessories Market to Reach $29.2 Billion by 2030

The global market for Hand Tools and Accessories estimated at US$20 Billion in the year 2022, is projected to reach a revised size of US$29.2 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Mechanics` Service Tools, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$14.5 Billion by the end of the analysis period. Growth in the Edge Tools segment is estimated at 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 6.8% CAGR

The Hand Tools and Accessories market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.4 Billion by the year 2030.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Tools Industry: An Evolutionary Scan
• Hand Tools Continue to be Relevant in the Modern Mechanical Era
• Hand Tools & Accessories: Product Profile
• Mechanics' Service Tools
• Edge Tools
• Other Hand Tools & Accessories
• COVID-19 Impact on the Hand Tools Market
• Global Market Outlook
• Latest Trends Augmenting Demand for Hand Tools & Accessories
• Segment Analysis
• Developing Markets to Spearhead Future Growth
• Competition
• Competitive Market Presence - Strong/Active/Niche for Players Worldwide in 2023 (E)
• Recent Market Activity

MARKET TRENDS & DRIVERS

• Trends & Developments Setting the Power Play Momentum for Hand Tools & Accessories
• Occupational Ergonomics: The Primary Factor Driving Innovation in the Hand Tools Market
• Multitasking Hand Tools Grow in Prominence
• Focus on Productivity in Lightweight Manufacturing to Spur Demand for Intelligently Designed Hand tools
• Broadening Horizons of Hand Tool Innovation Entail Exciting Future of Hand Tools
• Hand Tools Hold the Upper Hand Stance with Awe-Inspiring Innovations
• Companies Keep Afloat with Product Innovations
• Non-Magnetic and Non-Sparking Hand tools Make Perfect Sense for High Energy and Electrical Component Applications
• Market Set to Benefit from Advances in Hand Tools' Production Technology
• Hand Tools Continue to Find Use in Industrial Applications
• Machinery Maintenance & Heavy Equipment Repair Supports Demand for Mechanic's Service Tools in the Industrial Sector
• Automotive Repair & Maintenance Services Demand Determines Growth in Vehicle Mechanics Tools Market
• Advances in Specialty Tools for Automotive Industry
• Aircraft MRO: A Major Market for Aviation General Mechanic's Tools
• Construction Industry Trends Determine Demand for Tools Used by Construction Workers
• DIY Home Improvement, Gardening and Landscaping: Potential for Growth in the Hand tools Market
• Household and DIY Hand Tools Market Poised for Robust Growth
• Commercial Carpentry: Hand Tools Face Stiff Challenge from Power Tools
• HVAC Tools Trends towards Technological Sophistication for Better Functions
• Insulated Hand Tools: An Imperative Arsenal of a Well-Equipped Toolbox for Electrical Work
• Primary Advantages of Insulated Hand Tools
• Role of Insulated Hand Tools in Electrical Safety
• Testing & Certification for Insulated Hand Tools
• An Insight into Metalworking Hand Tools Market
• Intelligent CAD Technology Enables the Development of Ergonomically Designed Hand Tools
• Materials Used in Manufacture of Hand Tools - An Overview
• E-Retailing Expands Growth Opportunities
• Competition from Power Tools: A Market Dampener

FOCUS ON SELECT PLAYERS (Total 261 Featured)

• Kennametal, Inc.
• Lenox Corporation
• Malco Products, Inc.
• Apex Tool Group LLC
• Channellock, Inc.
• Gedore UK
• General Tools & Instruments LLC
• Great Neck Saw
• J.K. Files (India) Ltd.
• Lowe`s Companies, Inc.
• Aimco Global
• Central Tools, Inc.
• Harbor Freight Tools
• 3d Signals
• Cromwell Group (Holdings) Limited

For more information about this report visit https://www.researchandmarkets.com/r/fy4pfj

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