This website uses cookies to improve your experience. By clicking “Accept” you are agreeing to our Privacy Policy.
The robust growth of the construction industry is anticipated to propel the market growth for hand tools. The introduction of various favourable initiatives by various governments to expand the infrastructural development is also increasing the demand for hand tools, hence aiding the market growth. Moreover, the increasing westernisation in emerging countries is surging DIY activities, which, in turn, is augmenting the growth of the hand tools industry. The rapid expansion of the furniture industry owing to rising disposable income is also increasing the use of hand tools. This is also boosting the market growth. The development of hand tools such as hammers with superior design and better precision is anticipated to further invigorate the market growth.
Some of the leading companies in the market are Akar Tools Limited (BOM: 530621) and Channellock, Inc. The latter company introduced a line of three new SpeedGrip Pliers and the CHANNELLOCK 968 Forged Wire Stripper in June 2021. The pliers are designed for superior quality, ease of use for pros and DIYers. The company is adding the pliers in 8-inch, 10-inch, and 12-inch sizes to its family of more than 75 different sizes and types of pliers and hand tools. The pliers are made from 100% forged high carbon U.S. steel for ultimate strength and are coated for rust prevention. Moreover, SpeedGrip has a fast and easy push-button adjustment that locks securely into undercut channels to enhance durability. The development of such products is anticipated to invigorate the market growth in the forecast period.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global market for hand tools are Akar Tools Limited, Apex Tool Group, LLC, Channellock, Inc., JCBL Group, Klein Tools, Inc., and Emerson Electric Co., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124