MARKET INTRODUCTION
The industrial hand tools are gaining popularity among the consumers with the increasing focus of the manufacturers on innovations and development in their retail strategies, as well as adopting omni-retail channels. The rapid development in the commercial and the residential construction activities is anticipated to grow the industrial hand tools market in the forecast period.
MARKET DYNAMICS
The growing automotive repair and maintenance activities and the continuous growth in construction industries are the major drivers for the growth of the industrial hand tools market. The increasing technological innovations across various industries is creating opportunities for the industrial hand tools market in the coming years.
MARKET SCOPE
The "Global Industrial Hand Tools Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of industrial hand tools market with detailed market segmentation by product type, sales channel, and geography. The global industrial hand tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial hand tools market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global industrial hand tools market is segmented on the product type and sales channel. Based on product type, the market is segmented into taps and dies, layout and measuring tools, general purpose tools, working tools, and others. Similarly, on the basis of sales channel the market is bifurcated into direct, and indirect.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial hand tools market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Industrial hand tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial hand tools market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis across various regions namely: North America, Asia-Pacific, Europe, Middle East and Africa, and South America.
MARKET PLAYERS
The reports cover key developments in the industrial hand tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial hand tools market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial hand tools in the global market. Below mentioned is the list of few companies engaged in the Industrial hand tools market.
The report also includes the profiles of key industrial hand tools companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Akar Tools Limited
- Apex Tool Group, LLC.
- Channellock, Inc.
- CRAFTSMAN
- IBT Industrial Solutions
- Irwin Industrial Tools
- PARD Hardware Industrial
- Snap-On Incorporated
- Techtronic Industries Co. Ltd.
- Wera
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.