Mechanical Hand Tools Market To Register Substantial Expansion By 2023

Market Highlights:
The need for mechanical hand tools is gradually rising owing to factors such as, growing demand from construction industry coupled with increasing industrialization, growing application industries, increasing demand from household applications and among others. Mechanical hand tools are widely used in the construction industry. The rise in the number of manufacturing plants, where hand tools are majorly used, will lead to the growth of mechanical hand tool market. The industrial sector is expected to grow and would increase in demand for professional hand tools kit, thus leading to the growth of the market. On the other hand, the need for hand tools is likely to increase with the increase in the demand for wooden furniture. The key factors responsible for the growth of the furniture market is growth in construction and renovation activities. Increase in the number of single-person and two person households, has resulted in the increase in demand for small and convenient furniture.

The global Mechanical Hand Tools market has witnessed a moderate growth over the past few year and it has been analysed that the market will grow at the same pace during the forecast period. This market was valued at USD 16,044.1 million in 2016 and is poised to reach USD 20,516.3 million with a CAGR of 3.67% during the forecast period.

Request a Sample Copy @

Key Players:

The major players operating in this market, who have adopted these strategies, are Robert Bosch Tool Corporation (U.S), Stanley Black & Decker, Inc (U.S.), Snap-on (U.S.), TOYA SA (Poland), Metabowerke GmbH (Germany), Hilti Corporation (Liechtenstein), Techtronic Industries Co. Ltd (TTI) (Hong Kong), Makita Corporation (U.S.) Wurth Group (Germany), Klein Tools (U.S.) and others.

Regional Analysis:

Geographically, North America has emerged as the leading market for Mechanical Hand Tools Market consuming around 35.3% market share in 2016. US is one of the leading country in terms of consumption owing to the rising construction sites and rapid industrialization. Asia-Pacific region has registered itself as the fastest growing region with a CAGR of 4.00% during forecast period. Whereas Europe stood on third rank in terms of value.

Brief TOC:

1 Executive Summary

2 Introduction

2.1 Definition

2.2 Scope Of The Study

2.3 Assumptions

2.4 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4 Market Dynamics

4.1 Introduction

4.2 Impact Analysis

4.3 Market Drivers

4.3.1 Growth In Construction Industry

4.3.2 Growth In The Furniture Market

4.3.3 Increase Use Of Capital Goods In Households

4.4 Restraints

4.4.1 Power Tools Replacing Traditional Hand Tools

4.4.2 Fluctuation In Raw Material Prices

4.5 Opportunities

4.5.1 Broader Scope In Developing Nation


Browse Full Report @

List of Table:

Table 1 Global Mechanical Hand Tools Market, By Type , 2015 To 2023 (Usd Million)
Table 2 Global Mechanical Hand Tools Market, By Application, 2015 To 2023 (Usd Million)
Table 3 Global Mechanical Hand Tools Market, By Region, 2015-2023 (Usd Million)
Table 4 North America: Mechanical Hand Tools Market, By Country 2015-2023 (Usd Million)
Table 5 North America:Mechanical Hand Tools Market, By Type 2015-2023 (Usd Million)
Table 6 North America:Mechanical Hand Tools Market, By Application 2015-2023 (Usd Million)
Table 7 Us:Mechanical Hand Tools Market, By Type 2015-2023 (Usd Million)
Table 8 Us:Mechanical Hand Tools Market, By Application 2015-2023 (Usd Million)


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]

Comments are closed

News Categories

Featured Press Releases

Latest News

Log in