Allied Market Research
Loading...
0
Upcoming Allied Market Research
2021
Mechanical Hand Tools Market

Mechanical Hand Tools Market by Type (Hand Service Tools, Edge Tools, Hand Saw, Others), Application (Construction Industry, Decoration Industry, Household Application), and End User (Organizations, Manufacturer, Research Institute, Education Institute, and Potential Investors): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13643
Pages: NA
Dec 2021 | 153 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Mechanical Hand Tools Market

Request Now !

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.

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, Application, End-user and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Robert Bosch Tool Corporation, Stanley Black & Decker, Inc, Snap-on, TOYA SA, Metabowerke GmbH, Hilti Corporation, Techtronic Industries Co. Ltd, Makita Corporation, Wurth Group, Klein Tools.

 

COVID-19 Impact analysis

  • COVID-19 virus has closed the manufacturing of many products in the Mechanical Hand Tools Market accolade to the lockdown in worldwide. This has hampered the growth of the mechanical hand tools market from the last few months and is likely to continue during 2021.
  • COVID-19 has so far impacted the sales of mechanical hand tools market product in the first 4 month of 2021, and is expected to create a negative effect on the growth of market all over the year.
  • By 2020, COVID-19 impact negatively on the Mechanical Hand Tools Market, leading to a decline in shipping of the mechanical hand tools market products as well as revenue received from them. Due to which, the decline in market growth showed in the first half of 2020.
  • The mechanical hand tools market companies rely heavily on the supply of raw materials, components, and materials from different countries around the world. With so many governments limiting exports, manufacturers had to stop production due to a shortage of raw materials.
  • The CORONA epidemic has had a devastating effect on the mechanical hand tools market prices. India, the U.S., China, and Japan have been hit hard by the epidemic, are playing a key role in the production of the mechanical hand tools market products that are being promoted worldwide.
  • The mechanical hand tools manufacturing, automotive, marine, energy and power, defense and aerospace show development during or after COVID-19, as it revives the mechanical hand tools market.

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

  • In June 2021, New Compact 18V Jig Saw Barrel-Grip availability announces by Bosch Power Tools powered with Easy to grip Design for Controlled Cutting. The design of barrel grip in the latest GST18V-47N provide consumer full control of the hand-cutting app close to the chore and locks on the switch for extra ease, specifically when cutting down. Its automatic brake features a stroke that immediately stops after the trigger is moved to a closed position to maximize user safety, while the function of blower and LED light provides a good view with precision cutting line.
  • In July 2021, Decker & Stanley Black partnership launches by Mclaren Racing, McLaren’s relationship with Decker & Stanley Black involves two emerging brands engaged in technological and innovation extension in their mission. Decker & Stanley Black will strengthen the Formula 1 team Mclaren inside and outside the racing track by equipping the team with Decker & Stanley Black iconic tools. The collaboration will indulge publicity events and experiences to conduct collaboration to the lives of Decker& Stanley Black celebrate and customers the work they do "Making the World."

Key Segments Covered

By Type

  • Hand Service Tools
  • Edge Tools
  • Hand Saw
  • Others

By Application

  • Construction Industry
  • Decoration Industry
  • Household Application

By End User

  • Organizations
  • Manufacturer
  • Research Institute
  • Education Institute
  • Potential Investors

Region

  • North America 
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific  
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA 
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the Mechanical Hand Tools Market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Mechanical Hand Tools Market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Mechanical Hand Tools Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Mechanical Hand Tools Market analysis based on competitive intensity and how the competition will take shape in coming years.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Mechanical Hand Tools Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995  $8,996
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers