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Hand tool, any tools used by artisans, such as cutting, chopping, filing, chiseling or forging something. Compatible tools, often needed as tools in the construction of tools, include things like an encryption hammer and a desire to hold. An artist can also use tools that make it easy to measure accurately: law, divider, square, and so on. Hand tools - usually hand-held machines such as an electric drill or electric saw - perform many ancient handicrafts and can therefore be considered hand tools.
Market Scope and Structure Analysis
The mechanical hand tools market is segmented based on type, application, and region. Based on type, the market is divided into hand service tools, edge tools, hand saw, and others. Based on application, it is divided into construction industry, decoration industry, and household application. Based on end user, it is divided into organizations, manufacturer, research institute, education institute, and potential investors. Based on region, it is divided as North America, LAMEA, Europe, and Asia-Pacific. The demand for wooden furniture, increase in the number of construction projects, helps the market for hand tools. The growing demand from the construction industry is accompanied by an increase in demand from housing. In addition, higher equipment costs and repair costs are expected to affect market growth over the medium term. On the other hand, a lack of knowledge and expertise in the use of tools in the workplace is expected to drive market growth.
COVID-19 Impact analysis
Top Impacting Factors
In the construction industry, use of mechanical hand tool is broad and vast. Growth in the manufacturing facilities, where mechanical hand tools are widely used, driven to a growing market for hand tools. The industrial sector is hoped to develop and will rise in need for handicraft tools, thus driven to market growth.
Along with this, the demand for mechanical hand tools may increase with growing need for furniture. The emerging factors in the furniture market growth are development in the construction and repair works. Growth of single and two-person homes has driven to a rise in need for simpler and smaller furniture.
Demand for mechanical hand tools is growing exponentially due to component such as, growing application industries, industrialization, rising need from the construction industry in line with the growing demand for in-house applications.
On the other hand, bending interest in “self-employment” and development in the automotive industry is one of the key factors in boosting future market growth. In addition, another important factor in the growth of the furniture market is the need for repair works. Increase the number of one- and two-person households, which are responsible for increasing demand for light and light furniture.
In addition, high equipment costs and repair costs are expected to affect market growth over the medium term. On the other hand, a lack of knowledge and expertise in the use of tools in the workplace is expected to drive market growth.
Market Trends
Key Benefits of the Report
Mechanical Hand Tools Market Report Highlights
Aspects | Details |
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By Type |
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By Application |
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By Region |
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By End User |
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Key Market Players | Wurth Group, Hilti Corporation, Snap-on, Klein Tools., Makita Corporation, Stanley Black & Decker, Inc, Robert Bosch Tool Corporation, TOYA SA, Metabowerke GmbH, Techtronic Industries Co. Ltd |
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