Mechanical Hand Tools Market 2018
Mechanical Hand Tools Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Mechanical Hand Tools Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Mechanical Hand Tools Market, By Type (Hand Service Tools, Edge Tools, Hand Saw And Others), By Application (Construction Industry, Decoration Industry, And Household Application), And Region – Forecast 2017-2023.
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.
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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
Mechanical Hand Tools Market – Segmentation
The global mechanical hand tools market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises hand service tools, edge tools, hand saw, and others
Segmentation by Application : Comprises construction industry, decoration industry, and household application
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global mechanical hand tools market are that of new product development.
On January 2017, Stanley Black & Decker have entered into a definitive agreement with Sears Holdings Corporation to purchase the Craftsman brand from Sears Holdings. Also in October 2016, Hilmor, Irwin, Lenox Brands has been acquired by Stanley Black & Decker. This will Enhance Stanley Black & Decker’s Strong Brand Portfolio.
On May 2017, Snap-on acquired Norbar Torque Tools, to expand its geographical footprint and product offering. With this acquisition, Snap-on is pressing ahead with further development and is expanding its market share with its core business sector.
Market Synopsis of Mechanical Hand Tools Market.
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.
The report for Global Mechanical Hand Tools Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Table of Contents
1 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 GLOBAL MECHANICAL HAND TOOLS MARKET, BY TYPE
7 GLOBAL MECHANICAL HAND TOOLS MARKET, BY APPLICATION
8 GLOBAL MECHANICAL HAND TOOLS MARKET, BY REGION
9 COMPETITIVE SCENARIO
10 COMPANY PROFILES
12 LIST OF TABLES
13 LIST OF FIGURES
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