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KSA and UAE Hand Tools Market by Category (Wrenches, Ratchets & Sockets, Tools Storage, Pliers, Screwdrivers, Torque Control, Measuring & Scribing, Cutting Tools, Striking Tools and Others), Channel (Offline and Online) and End-user Industry (DIY and Commercial & Industrial): Opportunity Analysis and Industry Forecast, 2020–2027

A11091
Pages: 115
Apr 2021 | 278 Views
 
Author(s) : Digvijay Pawar & Rohit Sawant
Tables: 56
Charts: 33
 

COVID-19

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The KSA and UAE hand tools market was valued at $363.20 million in 2019, and is projected to reach $476.80 million by 2027, registering a CAGR of 4.7% from 2020 to 2027. Hand tools constitute tools and equipment that are manually operated. These tools are generally used in application such as carpentry, plumbing, automobile servicing, gardening, agriculture and framing applications. These tools are used for cutting, sharpening, tightening & loosening, holding and fixing the pipes, nuts & bolts and other work pieces. Hand tools are sold through offline channel that consists of authorized distributors, retail outlets and wholesalers. Whereas in online mode, the hand tools are sold through company website as well as third party e-commerce website. The hand tools are used by individuals for Do-It-Yourself (DIY) and commercial professionals for personal and commercial & industrial purposes.

The KSA and UAE hand tools market was hampered as the retail stores were closed and also construction, oil & gas and automotive industries had slowed down owing to complete or partial lockdown by the government.

The KSA and UAE hand tools market size is mainly driven by sale of hand tools for new construction and maintenance in construction, oil & gas and automobile industry. Hand tools are used for plumbing, refurbishing of roofs and tiles and recoloring of walls in construction. In addition, hand tools are used in oil & gas and automobile industry while servicing the engines, pipelines and other systems for smooth operation. Further, the power tools in the market are currently available at a high cost. This encourages individual buyers and professionals to buy hand tools that are lower in cost as compared to power tools.

KSA-and-UAE-Hand-Tools-Market-2020-2027

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However, automation is being rapidly adopted in all the industries around the world, owing to which several market leaders of hand tools such as Bosch and Stanley, are developing low cost power tools, which is expected to hamper the KSA and UAE hand tools market. Furthermore, during the outbreak of COVID-19, construction, manufacturing, hotel, and tourism industries were majorly affected. Construction activities were stopped or restricted to a huge extent. Manufacturing and transportation activities, along with their supply chains were hampered on a global level. This led to decline in construction activities, oil & gas production and automobile sector, which in turn hampered the KSA and UAE hand tools market. However, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of construction, oil & gas and automobile companies at their full-scale capacities, which is expected to help the market to recover by mid of 2021. On the contrary, DIY culture is gradually catching up in KSA and UAE owing to easy availability of DIY courses and videos on several platforms on the internet. Thus DIY is anticipated to be a major opportunity for the KSA and UAE hand tools market growth.

The KSA and UAE Hand Tools market is segmented on the basis of category, channel, end-user industry, and country. On the basis of category, the market is divided into wrenches, ratchets & sockets, tools storage, pliers, screwdrivers, torque control, measuring & scribing, cutting tools, striking tools and others. Depending on channel, it is classified into offline and online. By end-user industry, it is segregated into DIY and commercial & industrial. By country, it is analyzed across Kingdom of Saudi Arabia (KSA) and United Arab Emirates (UAE).

KSA and UAE Hand Tools Market
By Category

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Tools storage segment holds the largest share in KSA and UAE hand tools market

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By category, in 2019, the tools storage segment dominated the KSA and UAE hand tools market share, in terms of revenue and the wrenches segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of channel, the offline segment led the market in 2019 in terms of revenue and the online segment is anticipated to register the highest CAGR during the forecast period. By end-user industry, the commercial & industrial segment led the market in 2019, in terms of revenue and the DIY segment is anticipated to register the highest CAGR during the forecast period.

KSA and UAE Hand Tools Market
By End User

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Commercial & Industrial segment holds dominant position in 2019

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Competition analysis

The major players profiled in the KSA and UAE hand tools market include Channellock, Inc., Chronos (Clarke Tools), Illinois Tool Works Inc. (ITWIDS-TransTech), King Tony, Knipex, Nabil Tools & Hardware, Snap-on Incorporated, Stanley Black & Decker, Inc., TTI, Inc. and Vata Tools. Major companies in the market have adopted strategies such as business expansion, acquisition, and product launch to offer better products and services to customers in the KSA and UAE hand tools market.

KSA and UAE Hand Tools Market
By Region

2027
Ksa 
Uae

KSA holds a dominant position in 2019 and UAE is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging KSA and UAE hand tools market trends and dynamics. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • In-depth KSA and UAE hand tools market analysis is conducted by estimations for the key segments between 2020 and 2027. 
  • A comprehensive analysis of four major regions is provided to determine the prevailing KSA and UAE hand tools market opportunities.
  • The market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

Key Market Segments

By Category

  • Wrenches
  • Ratchets & Sockets
  • Tools Storage
  • Pliers
  • Screwdrivers
  • Torque Control
  • Measuring & Scribing
  • Cutting Tools
  • Striking Tools
  • Others

By Channel 

  • Offline
  • Online

By End-user Industry

  • DIY
  • Commercial & Industrial

By Countries

  • Kingdom of Saudi Arabia (KSA)
  • United Arab Emirates (UAE)
  • Vata Tools
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Research methodology

1.2.1.Primary research
1.2.2.Secondary research
1.2.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Top winning strategies

3.3.1.Top winning strategies, by year
3.3.2.Top winning strategies, by development
3.3.3.Top winning strategies, by company
3.3.4.Market player positioning, 2019

3.4.Key forces shaping KSA and UAE hand tools industry
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rise in maintenance business in real estate, oil & gas and automobile sector
3.5.1.2.High cost of power tools

3.5.2.Restraint

3.5.2.1.Decreasing cost of power tools

3.5.3.Opportunity

3.5.3.1.Increase in Do-It-Yourself (DIY)

3.6.COVID-19 impact analysis

CHAPTER 4:KSA AND UAE HAND TOOLS MARKET, BY CATEGORY

4.1.Market overview

4.1.1.Market size and forecast, by category

4.2.Wrench

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by country

4.3.Ratchet & Sockets

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by country

4.4.Tools storage

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by country

4.5.Pliers

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by country

4.6.Screwdriver

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by country

4.7.Torque Control

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast, by country

4.8.Measuring & Scribing

4.8.1.Key market trends, growth factors, and opportunities
4.8.2.Market size and forecast, by country

4.9.Cutting Tools

4.9.1.Key market trends, growth factors, and opportunities
4.9.2.Market size and forecast, by country

4.10.Striking

4.10.1.Key market trends, growth factors, and opportunities
4.10.2.Market size and forecast, by country

4.11.Others

4.11.1.Key market trends, growth factors, and opportunities
4.11.2.Market size and forecast, by country

CHAPTER 5:KSA AND UAE HAND TOOLS MARKET, BY CHANNEL

5.1.Market overview

5.1.1.Market size and forecast, by channel

5.2.Offline

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by country

5.3.Online

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by country

CHAPTER 6:KSA AND UAE HAND TOOLS MARKET, BY END-USER INDUSTRY

6.1.Market overview

6.1.1.Market size and forecast, by end-user industry

6.2.DIY

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by country

6.3.Commercial & Industrial

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by country

CHAPTER 7:KSA AND UAE HAND TOOLS MARKET, BY COUNTRY

7.1.1.Market size and forecast, by country

7.1.1.1.KSA

7.1.1.1.1.KSA market size and forecast, by category
7.1.1.1.2.KSA market size and forecast, by channel
7.1.1.1.3.KSA market size and forecast, by end-user industry

7.1.1.2.UAE

7.1.1.2.1.UAE market size and forecast, by category
7.1.1.2.2.UAE market size and forecast, by channel
7.1.1.2.3.UAE market size and forecast, by end-user industry

CHAPTER 8:COMPANY PROFILES

8.1.CHANNELLOCK, INC.

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Product portfolio
8.1.5.Key strategic moves and developments

8.2.CHRONOS (CLARKE TOOLS)

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Product portfolio

8.3.ILLINOIS TOOL WORKS INC. (ITWIDS-TRANSTECH)

8.3.1.Company overview
8.3.2.Key executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.R&D Expenditure
8.3.7.Business performance

8.4.KING TONY

8.4.1.Company overview
8.4.2.Key executives
8.4.3.Company snapshot
8.4.4.Product portfolio

8.5.KNIPEX

8.5.1.Company overview
8.5.2.Key executive
8.5.3.Company snapshot
8.5.4.Product portfolio

8.6.NABIL TOOLS & HARDWARE

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio

8.7.SNAP-ON INCORPORATED

8.7.1.Company overview
8.7.2.Key executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.R&D Expenditure
8.7.7.Business performance
8.7.8.Key strategic moves and developments

8.8.STANLEY BLACK & DECKER, INC.

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.R&D Expenditure
8.8.7.Business performance
8.8.8.Key strategic moves and developments

8.9.TTI, INC.

8.9.1.Company overview
8.9.2.Key executives
8.9.3.Company snapshot
8.9.4.Product portfolio

8.10.VATA TOOLS

8.10.1.Company overview
8.10.2.Key executive
8.10.3.Company snapshot
8.10.4.Product portfolio

LIST OF TABLES

TABLE 01.KSA AND UAE HAND TOOLS MARKET REVENUE, BY CATEGORY, 2019–2027 ($MILLION)
TABLE 02.KSA AND UAE HAND TOOLS MARKET REVENUE FOR WRENCH, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 03.KSA AND UAE HAND TOOLS MARKET REVENUE FOR RATCHET & SOCKETS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 04.KSA AND UAE HAND TOOLS MARKET REVENUE FOR TOOLS STORAGE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 05.KSA AND UAE HAND TOOLS MARKET REVENUE FOR PLIERS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 06.KSA AND UAE HAND TOOLS MARKET REVENUE FOR SCREWDRIVER, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 07.KSA AND UAE HAND TOOLS MARKET REVENUE FOR TORQUE CONTROL, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 08.KSA AND UAE HAND TOOLS MARKET REVENUE FOR MEASURING & SCRIBING, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 09.KSA AND UAE HAND TOOLS MARKET REVENUE FOR CUTTING TOOLS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 10.KSA AND UAE HAND TOOLS MARKET REVENUE FOR STRIKING, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 11.KSA AND UAE HAND TOOLS MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 12.KSA AND UAE HAND TOOLS MARKET REVENUE, BY CHANNEL, 2019–2027 ($MILLION)
TABLE 13.KSA AND UAE HAND TOOLS MARKET REVENUE FOR OFFLINE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 14.KSA AND UAE HAND TOOLS MARKET REVENUE FOR ONLINE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 15.KSA AND UAE HAND TOOLS MARKET REVENUE, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 16.KSA AND UAE HAND TOOLS MARKET REVENUE FOR DIY, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 17.KSA AND UAE HAND TOOLS MARKET REVENUE FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 18.KSA AND UAE HAND TOOLS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 19.KSA HAND TOOLS MARKET, BY CATEGORY, 2019–2027 ($MILLION)
TABLE 20.KSA HAND TOOLS MARKET, BY CHANNEL, 2019–2027 ($MILLION)
TABLE 21.KSA HAND TOOLS MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 22.UAE HAND TOOLS MARKET, BY CATEGORY, 2019–2027 ($MILLION)
TABLE 23.UAE HAND TOOLS MARKET, BY CHANNEL, 2019–2027 ($MILLION)
TABLE 24.UAE HAND TOOLS MARKET, BY END-USER INDUSTRY, 2019–2027 ($MILLION)
TABLE 25.CHANNELLOCK, INC.: KEY EXECUTIVES
TABLE 26.CHANNELLOCK, INC.: COMPANY SNAPSHOT
TABLE 27.CHANNELLOCK, INC.: PRODUCT PORTFOLIO
TABLE 28.CHRONOS: KEY EXECUTIVES
TABLE 29.CHRONOS: COMPANY SNAPSHOT
TABLE 30.CHRONOS: PRODUCT PORTFOLIO
TABLE 31.ILLINOIS TOOL WORKS INC.: KEY EXECUTIVES
TABLE 32.ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT
TABLE 33.ILLINOIS TOOL WORKS INC.: OPERATING SEGMENTS
TABLE 34.: PRODUCT PORTFOLIO
TABLE 35.KING TONY: KEY EXECUTIVES
TABLE 36.KING TONY: COMPANY SNAPSHOT
TABLE 37.KING TONY: PRODUCT PORTFOLIO
TABLE 38.KNIPEX: KEY EXECUTIVE
TABLE 39.KNIPEX: COMPANY SNAPSHOT
TABLE 40.KNIPEX: PRODUCT PORTFOLIO
TABLE 41.NABIL TOOLS & HARDWARE: COMPANY SNAPSHOT
TABLE 42.NABIL TOOLS & HARDWARE: PRODUCT PORTFOLIO
TABLE 43.SNAP-ON INCORPORATED: KEY EXECUTIVES
TABLE 44.SNAP-ON INCORPORATED: COMPANY SNAPSHOT
TABLE 45.SNAP-ON INCORPORATED: OPERATING SEGMENTS
TABLE 46.SNAP-ON INCORPORATED: PRODUCT PORTFOLIO
TABLE 47.STANLEY BLACK & DECKER, INC.: KEY EXECUTIVES
TABLE 48.STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT
TABLE 49.STANLEY BLACK & DECKER, INC.: OPERATING SEGMENTS
TABLE 50.STANLEY BLACK & DECKER, INC.: PRODUCT PORTFOLIO
TABLE 51.TTI, INC.: KEY EXECUTIVES
TABLE 52.TTI, INC.: COMPANY SNAPSHOT
TABLE 53.TTI, INC.: PRODUCT PORTFOLIO
TABLE 54.VATA: KEY EXECUTIVE
TABLE 55.VATA: COMPANY SNAPSHOT
TABLE 56.VATA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.KSA AND UAE HAND TOOLS MARKET SNAPSHOT, 2020–2027
FIGURE 03.KSA AND UAE HAND TOOLS MARKET SNAPSHOT, BY COUNTRY, 2020–2027
FIGURE 04.KSA AND UAE HAND TOOLS MARKET: KEY PLAYERS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2021
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2021 (%)
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2021
FIGURE 09.MARKET PLAYER POSITIONING, 2021
FIGURE 10.LOW-TO-MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 11.MODERATE THREAT OF NEW ENTRANTS
FIGURE 12.MODERATE THREAT OF SUBSTITUTES
FIGURE 13.MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 15.MARKET DYNAMICS
FIGURE 16.KSA AND UAE HAND TOOLS MARKET, BY CATEGORY, 2019–2027
FIGURE 17.KSA AND UAE HAND TOOLS MARKET, BY CHANNEL, 2019–2027
FIGURE 18.KSA AND UAE HAND TOOLS MARKET, BY END-USER INDUSTRY, 2019–2027
FIGURE 19.KSA AND UAE HAND TOOLS MARKET, BY COUNTRY, 2019–2027
FIGURE 20.KSA HAND TOOLS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 21.UAE HAND TOOLS MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 22.ILLINOIS TOOL WORKS INC.: R&D EXPENDITURE, 2018–2020 ($MILLIONS)
FIGURE 23.ILLINOIS TOOL WORKS INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 24.ILLINOIS TOOL WORKS INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 25.ILLINOIS TOOL WORKS INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 26.SNAP-ON INCORPORATED: R&D EXPENDITURE, 2018–2020 ($MILLIONS)
FIGURE 27.SNAP-ON INCORPORATED: NET SALES, 2018–2020 ($MILLION),
FIGURE 28.SNAP-ON INCORPORATED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 29.SNAP-ON INCORPORATED: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 30.STANLEY BLACK & DECKER, INC.: R&D EXPENDITURE, 2018–2020 ($MILLIONS)
FIGURE 31.STANLEY BLACK & DECKER, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 32.STANLEY BLACK & DECKER, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 33.STANLEY BLACK & DECKER, INC.: REVENUE SHARE BY REGION, 2020 (%)

 
 

The KSA and UAE hand tools market is mainly driven by new construction and maintenance mainly in construction, automobile and oil & gas industry. In addition, the high cost of power tools leads individuals and some professionals to opt for hand tools instead of power tools. The KSA and UAE hand tools market was valued at $363.20 million in 2019, and is projected to reach $476.80 million by 2027, registering a CAGR of 4.7% from 2020 to 2027.

However, introduction of new low-cost power tools by leading market players such as Bosch, is expected to increase the sales of power tools, which in turn acts as restraint to the market. On the contrary, the culture of DIY is gradually increasing in the KSA and UAE market, which is projected to boost the hand tools market during the forecast period.

Major companies in the market have adopted strategies such as acquisition, business expansion, and product launch, to offer better services to customers in the KSA and UAE hand tools market.

 
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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The KSA and UAE hand tools market size was valued at $363.2 million in 2019, and is projected to reach $476.8 million by 2027, growing at a CAGR of 4.7% from 2020 to 2027.

A. The forecast period considered for the KSA and UAE hand tools market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

A. To get latest version of KSA and UAE hand tools market report can be obtained on demand from the website.

A. The base year considered in the KSA and UAE hand tools market report is 2019.

A. The top companies holding the market share in the KSA and UAE hand tools market report include Channellock, Inc., Chronos (Clarke Tools), Illinois Tool Works Inc. (ITWIDS-TransTech), King Tony, Knipex, Nabil Tools & Hardware, Snap-on Incorporated, Stanley Black & Decker, Inc., TTI, Inc. and Vata Tools.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By category, in 2019 the tools storage segment dominated the KSA and UAE hand tools market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By end user, the commercial & industrial segment is the highest shareholder of KSA and UAE hand tools market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the KSA and UAE hand tools market is $346.5 million in 2020.

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