Mechanical Hand Tools Market Segmentation, Application, Trends, Opportunity & Forecast 2017 to 2023

New York, NY — (PRESS RELEASE JET) — 10/03/2017 — Mechanical hand tools are widely used in the construction industry. The rise in the number of manufacturing plants, increase in demand for professional hand tools kit and demand for wooden furniture are some of the factors which will help to push the market towards growth. 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 market has been analyzed based on the three segments of types, application and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of type, it has further been segmented as edge tools, hand service tools, handsaw and other. Hand service tools accounted for the largest market share of 36.80% in 2016, with a market value of USD 5,904.2 million. On the basis of application, the segments include construction industry, decoration industry and household application. Construction industry is responsible for major investment and contributes to the economic development of the economy.

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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.

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.

Key Players

We recognize the key players in the global mechanical hand tools market as 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.

Objective of the Report

– To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the mechanical hand tool market

– To provide insights about factors affecting the market growth

– To analyze the global mechanical hand tool market based on various tools such as Value Chain Analysis, and Porter’s Five Forces Analysis

– To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

– To provide country level analysis of the market with respect to the current market size and future prospective

– To provide country level analysis of the market for segments by type, application and region

– To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

– To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the mechanical hand tool market

Target Audience
– Organizations
– Manufacturer
– Research Institute / Education Institute
– Potential Investors

Key Findings

– Hand Service Tools segment expected to witness growth in global mechanical hand tools market with share of 36.8% in 2016, in terms of value. It is expected to grow at 4.15% CAGR during the forecast period

– Construction industry segment is expected to witness highest growth of 3.81% CAGR from 2017 to 2023

– North America dominate the global mechanical hand tools market with a share of 35.3% in 2016, in terms of value. It is expected to grow at a CAGR of 3.50% during the forecast period

The report also covers country level analysis:
– North America
o US
o Canada
– Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
– Rest of the World
o Latin America
o Middle East & Africa

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Table Of Contents – Major Key Points

1 Executive Summary 12

2 Introduction 14
2.1 Definition 14
2.2 Scope of the Study 14
2.3 Assumptions 14
2.4 Market Structure 15

3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17

4 Market Dynamics 20
4.1 Introduction 20
4.2 Impact Analysis 20
4.3 Market Drivers 21
4.3.1 growth in construction industry 21
4.3.2 Growth in the furniture market 21
4.3.3 Increase use of capital goods in households 22
4.4 Restraints 22
4.4.1 Power Tools Replacing Traditional Hand Tools 22
4.4.2 Fluctuation In Raw Material Prices 23
4.5 Opportunities 23
4.5.1 Broader Scope In Developing Nation 23

5 Market Factor Analysis 24
5.1 Porter’s Five Forces Analysis 24
5.1.1 Threat of New Entrants 24
5.1.2 Bargaining Power of Suppliers 24
5.1.3 Bargaining Power of Buyers 25
5.1.4 Threat of Substitutes 25
5.1.5 Rivalry 25
5.2 Supply Chain Analysis 25

6 Global mechanical Hand Tools Market, By Type 27
6.1 Overview 27
6.1.1 Edge Tools 29
6.1.2 Hand service tools 29
6.1.3 Handsaw 29
6.1.4 Other 29

7 Global Mechanical Hand Tools Market, By Application 30
7.1 Overview 31
7.1.1 Construction Industry 32
7.1.2 Decoration Industry 32
7.1.3 Household Application 32

8 Global Mechanical Hand Tools Market, By Region 33
8.1 Introduction 34
8.2 North America 35
8.2.1 US 37
8.2.2 Canada 38
8.3 Europe 40
8.3.1 Germany 42
8.3.2 UK 44
8.3.3 France 45
8.3.4 Italy. 47
8.3.5 Rest of Europe 48
8.4 Asia-Pacific 50
8.4.1 China 52
8.4.2 Japan 54
8.4.3 India 55
8.4.4 Rest of Asia-Pacific 57
8.5 Rest of the World 58
8.5.1 Latin America 61
8.5.2 Middle East & Africa 62

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s,, Vice and He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.