Mechanical Hand Tools Market Overview

As per the analysis by Market Research Future Reports (MRFR), the global mechanical hand tools markethttps://www.marketresearchfuture.com/reports/mechanical-hand-tools-market-3602 has experienced a decent growth during the past few years and it has been estimated that the market will expand at the same pace during the review period. The market was initially valued at USD USD 16,127.67 million in 2022 to USD 21,394.92 million by 2030 expanding with a CAGR of 4.12% during the assessment period.

A hand tool is a tool that is not a power tool that is, powered by manual labor, rather than by a machine. Some of the examples of hand tools are rakes, hammers, garden forks, pliers, screwdrivers, chisels, and secateurs. Hand tools are not as dangerous as power tools.

Factors like increasing demand from the construction industry along with rising industrialization, increasing application industries, rising demand from household applications and among others are driving the global mechanical hand tools market 2020. Mechanical hand tools are broadly utilized in the construction sector. The increasing demand for wooden furniture, ruse in a number of construction projects undertaken is an important factor expanding the global mechanical hand tools market. The increase in the number of manufacturing plants, where hand tools are used, will eventually result in the expansion of the mechanical hand tool market. The industrial vertical is estimated to expand and would increase the requirement and demand for professional hand tools kit, and thereby leading to the expansion of the market.

Get the sample copy of report here

Global Mechanical Hand Tools Market Segmentation

The global mechanical hand tools market can be segregated into type, application, and region.

• On the basis of type, the global mechanical hand tools can be segregated into hand service tools, edge tools, hand saw, and others.
• On the basis of application, the global mechanical hand tools can be segregated into the construction industry, decoration industry, and household application.
• As per the regional analysis, areas such as North America, Asia Pacific, and the Rest of the World (RoW) have been studied.

Global Mechanical Hand Tools Key Players

The most important players in the global mechanical hand tools market are

• Klein Tools (U.S.)
• Stanley Black & Decker
• Robert Bosch Tool Corporation (U.S), Inc (U.S.)
• Snap-on (U.S.)
• Metabowerke GmbH (Germany)
• TOYA SA (Poland), Hilti Corporation (Liechtenstein)
• Makita Corporation (U.S.)
• Techtronic Industries Co. Ltd (TTI) (Hong Kong)
• Wurth Group (Germany)

Mechanical Hand Tools Industry Developments

July 2021:

The mechanical hand tools industry witnessed a significant development initiated by McLaren Racing. McLaren Racing partnered with Decker & Stanley Black, two emerging brands with a shared focus on technology and innovative advancement. As part of the partnership, Decker & Stanley Black will provide their renowned tools to the Formula 1 team McLaren, both on and off the racetrack. The collaboration aims to enhance McLaren's performance by equipping them with high-quality tools from Decker & Stanley Black. The partnership will also utilize publicity opportunities and experiences related to the brands' missions to promote their joint effort of "Making the World" through technology and innovation.

June 2021:

Bosch Power Tools, a prominent player in the mechanical hand tools industry, announced the launch of a new product - the compact 18V Jig Saw Barrel Grip. This innovative jig saw features a user-friendly barrel handle design that allows for precise cutting and easy gripping. The GST18V-47N model provides users with complete control over their hand-cutting applications, allowing for precise cuts near the workpiece. The jig saw also incorporates safety features such as an automatic brake that quickly stops the blade after triggering it to the closed position, ensuring user safety. Additionally, the tool's integrated blower and LED light offer users a clear view and a precise cutting line, further enhancing the cutting experience.

Explore trending research reports@

Abrasive Waterjet Cutting Machine Market

Compressed Air Treatment Equipment Market

India Color Sorter Market

Powder Processing Equipment Market