Mechanical Hand Tools Market Research Report- Global Forecast 2030

Mechanical Hand Tools Market, By Type (Hand Service Tools, Edge Tools, Hand Saw, and Others), By Application (Construction Industry, Decoration Industry and Household Application) and Region - Forecast 2020-2030

ID: MRFR/IA - E/2434-CR | June 2017 | Region: Global | 94 Pages         

1 Executive Summary

2 Introduction

2.1 Definition 14

2.2 Scope Of The Study 14

2.3 Assumptions 14

2.4 Market Structure 15

3 Research Methodology

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

4 Market Dynamics

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

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

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

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

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

9 Competitive Scenario

9.1 Overview 64

9.1.1 Merger & Acquisition 65

9.1.2 Product Development 65

10 Company Profiles

10.1 Robert Bosch Tool Corporation 66

10.1.1 Company Overview 66

10.1.2 Financial Overview 66

10.1.3 Product/Service Offering 67

10.1.4 Strategy 67

10.2 Stanley Black & Decker, Inc. 69

10.2.1 Company Overview 69

10.2.2 Financial Overview 69

10.2.3 Product/Service Offering 70

10.2.4 Strategy 71

10.2.5 Strategic Development 71

10.3 Snap-On 73

10.3.1 Company Overview 73

10.3.2 Financial Overview 73

10.3.3 Product/Service Offering 74

10.3.4 Strategy 74

10.3.5 Chart: Strategic Development 74

10.4 TOYA SA 76

10.4.1 Company Overview 76

10.4.2 Financial Overview 76

10.4.3 Product/Service Offering 77

10.4.4 Strategy 78

10.5 Metabowerke GmbH 79

10.5.1 Company Overview 79

10.5.2 Financial Overview 79

10.5.3 Product/Service Offering 80

10.5.4 Strategy 80

10.6 Hilti Corporation 81

10.6.1 Company Overview 81

10.6.2 Financial Overview 81

10.6.3 Product/Service Offering 82

10.6.4 Strategy 82

10.7 Techtronic Industries Co. Ltd(TTI) 84

10.7.1 Company Overview 84

10.7.2 Financial Overview 84

10.7.3 Product/Service Offering 85

10.7.4 Strategy 86

10.8 Makita Corporation 87

10.8.1 Company Overview 87

10.8.2 Financial Overview 87

10.8.3 Product/Service Offering 88

10.8.4 Strategy 88

10.9 Wurth Group 89

10.9.1 Company Overview 89

10.9.2 Financial Overview 89

10.9.3 Product/Service Offering 90

10.9.4 Strategy 90

10.10 Klein Tools 91

10.10.1 Company Overview 91

10.10.2 Financial Overview 91

10.10.3 Product/ Service Offering 92

10.10.4 Strategy 92

11 Conclusion

12 List Of Tables

TABLE 1 GLOBAL MECHANICAL HAND TOOLS MARKET, BY TYPE , 2020 TO 2027 (USD MILLION) 29

TABLE 2 GLOBAL MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 33

TABLE 3 GLOBAL MECHANICAL HAND TOOLS MARKET, BY REGION, 2020-2027 (USD MILLION) 36

TABLE 4 NORTH AMERICA: MECHANICAL HAND TOOLS MARKET, BY COUNTRY 2020-2027 (USD MILLION) 37

TABLE 5 NORTH AMERICA:MECHANICAL HAND TOOLS MARKET, BY TYPE 2020-2027 (USD MILLION) 37

TABLE 6 NORTH AMERICA:MECHANICAL HAND TOOLS MARKET, BY APPLICATION 2020-2027 (USD MILLION) 38

TABLE 7 US:MECHANICAL HAND TOOLS MARKET, BY TYPE 2020-2027 (USD MILLION) 38

TABLE 8 US:MECHANICAL HAND TOOLS MARKET, BY APPLICATION 2020-2027 (USD MILLION) 39

TABLE 9 CANADA: MECHANICAL HAND TOOLS MARKET, BY TYPE 2020-2027 (USD MILLION) 40

TABLE 10 CANADA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION 2020-2027 (USD MILLION) 40

TABLE 11 EUROPE:MECHANICAL HAND TOOLS MARKET, BY COUNTRY 2020-2027 (USD MILLION) 41

TABLE 12 EUROPE MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 42

TABLE 13 EUROPE: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 43

TABLE 14 GERMANY MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 44

TABLE 15 GERMANY: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 44

TABLE 16 U.K.: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 45

TABLE 17 U.K.: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 46

TABLE 18 FRANCE : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 47

TABLE 19 FRANCE MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47

TABLE 20 ITALY: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 48

TABLE 21 ITALY: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 49

TABLE 22 REST OF EUROPE : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 50

TABLE 23 REST OF EUROPE: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 50

TABLE 24 ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 52

TABLE 25 ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 52

TABLE 26 ASIA-PACIFIC: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 53

TABLE 27 CHINA: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 54

TABLE 28 CHINA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 54

TABLE 29 JAPAN MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 55

TABLE 30 JAPAN: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56

TABLE 31 INDIA: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 57

TABLE 32 INDIA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION , 2020-2027 (USD MILLION) 57

TABLE 33 REST OF ASIA-PACIFIC MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 58

TABLE 34 REST OF ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59

TABLE 35 ROW: MECHANICAL HAND TOOLS MARKET, BY REGION, 2020-2027 (USD MILLION) 60

TABLE 36 ROW: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 61

TABLE 37 ROW: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 61

TABLE 38 LATIN AMERICA: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 62

TABLE 39 LATIN AMERICA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 63

TABLE 40 MIDDLE EAST & AFRICA:MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 64

TABLE 41 MIDDLE EAST & AFRICA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64

13 List Of Figures

FIGURE 1 RESRARCH PROCESS OF MRFR 16

FIGURE 2 TOP DOWN & BOTTOM DOWN APPROACH 18

FIGURE 3 FORECAST MODEL 19

FIGURE 4 MARKET DYNAMICS 20

FIGURE 5 IMPACT ANALYSIS 20

FIGURE 6 GROWTH OF US CONSTRUCTION INDUSTRY FROM FY2011 TILL FY2020 (USD BILLION) 21

FIGURE 7 GROWTH OF U.S. OFFICE FURNITURE MARKET (USD MILLION) 22

FIGURE 8 PORTER'S FIVE FORCES ANALYSIS 24

FIGURE 9 SUPPLY CHAIN ANALYSIS 25

FIGURE 10 GLOBAL MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020 (%) 28

FIGURE 11 GLOBAL MECHANICAL HAND TOOLS MARKET, BY TYPE , 2020 TO 2027 (USD MILLION) 29

FIGURE 12 GLOBAL MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020 (%) 32

FIGURE 13 GLOBAL MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 32

FIGURE 14 GLOBAL MECHANICAL HAND TOOLS MARKET SHARE (%), BY REGION, 2020 35

FIGURE 15 GLOBAL MECHANICAL HAND TOOLS MARKET, BY REGION, 2020-2027 (USD MILLION) 35

FIGURE 16 NORTH AMERICA MECHANICAL HAND TOOLS MARKET SHARE (%), 2020 36

FIGURE 17 NORTH AMERICA:MECHANICAL HAND TOOLS MARKET, BY TYPE 2020-2027 (USD MILLION) 37

FIGURE 18 US:MECHANICAL HAND TOOLS MARKET, BY TYPE 2020-2027 (USD MILLION) 38

FIGURE 19 CANADA: MECHANICAL HAND TOOLS MARKET, BY TYPE 2020-2027 (USD MILLION) 39

FIGURE 20 EUROPE: MECHANICAL HAND TOOLS MARKET SHARE (%), 2020 41

FIGURE 21 EUROPE:MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 42

FIGURE 22 GERMANY: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 43

FIGURE 23 U.K.: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 45

FIGURE 24 FRANCE: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 46

FIGURE 25 ITALY: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 48

FIGURE 26 REST OF EUROPE : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 49

FIGURE 27 ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET SHARE (%), 2020 51

FIGURE 28 ASIA-PACIFIC :MECHANICAL HAND TOOLS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 51

FIGURE 29 CHINA : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 53

FIGURE 30 JAPAN: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 55

FIGURE 31 INDIA: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 56

FIGURE 32 REST OF ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 58

FIGURE 33 ROW: MECHANICAL HAND TOOLS MARKET SHARE (%), 2020 59

FIGURE 34 ROW: MECHANICAL HAND TOOLS MARKET, BY REGION, 2020-2027 (USD MILLION) 60

FIGURE 35 LATIN AMERICA:MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 62

FIGURE 36 MIDDLE EAST & AFRICA : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2020-2027 (USD MILLION) 63

FIGURE 37 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL MECHANICAL HAND TOOLS MARKET, 2020-2027, (%) 65

FIGURE 38 MERGER & ACQUISITION: (%) SHARE BY KEY PLAYERS, 2020-2027, (%) 66

FIGURE 39 ROBERT BOSCH GMBH: TOTAL REVENUE 67

FIGURE 40 ROBERT BOSCH GMBH: GEOGRAPHIC REVENUE MIX, 2020 (%) 68

FIGURE 41 ROBERT BOSCH TOOL CORPORATION: SWOT ANALYSIS 69

FIGURE 42 STANLEY BLACK & DECKER, INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (TOOLS & STORAGE) 70

FIGURE 43 STANLEY BLACK & DECKER, INC: GEOGRAPHIC REVENUE MIX, 2020 (%) 71

FIGURE 44 STANLEY BLACK & DECKER, INC.: SWOT ANALYSIS 73

FIGURE 45 SNAP-ON: TOTAL REVENUE AND SEGMENTAL REVENUE (TOOLS) 74

FIGURE 46 SNAP-ON: GEOGRAPHICAL REVENUE MIX, 2020 (%) 75

FIGURE 47 SNAP-ON: SWOT ANALYSIS 76

FIGURE 48 TOYA SA: TOTAL REVENUE 77

FIGURE 49 TOYA SA: SWOT ANALYSIS 79

FIGURE 50 METABOWERKE GMBH: TOTAL REVENUE 80

FIGURE 51 METABOWERKE GMBH: GEOGRAPHIC REVENUE MIX, 2020 (%) 81

FIGURE 52 HILTI CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE (FASTENING & PROTECTION SYSTEMS) 82

FIGURE 53 HILTI CORPORATION: GEOGRAPHIC REVENUE MIX, 2020 (%) 83

FIGURE 54 HILTI CORPORATION: SWOT ANALYSIS 84

FIGURE 55 TECHTRONIC INDUSTRIES CO. LTD (TTI): TOTAL REVENUE VS SEGMENTAL REVENUE (POWER EQUIPMENT) 85

FIGURE 56 TECHTRONIC INDUSTRIES CO. LTD (TTI): GEOGRAPHICAL REVENUE MIX, 2020 (%) 86

FIGURE 57 MAKITA CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE (GARDENING EQUIPMENT, HOUSEHOLD AND OTHER PRODUCTS) 87

FIGURE 58 MAKITA CORPORATION: GEOGRAPHIC REVENUE MIX, 2020 (%) 88

FIGURE 59 WURTH GROUP: TOTAL REVENUE VS SEGMENTAL REVENUE (TOOLS UNIT) 89

FIGURE 60 WURTH GROUP: GEOGRAPHICAL REVENUE MIX, 2020 (%) 90

FIGURE 61 KLEIN TOOLS: KEY DEVELOPMENTS, 2020-2027 (%) 91

Mechanical Hand Tools Market

Mechanical Hand Tools Market was valued at USD 16,044.1 Million in 2016 and is poised to reach USD 21.67 billion with a CAGR of 4.12% during the forecast period

Segmentation

By Type Hand Service Tools Edge Tools Hand Saw Others
By Application Construction Industry Decoration Industry Household Application

Key Players

  • 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.)
  • others

Drivers

  • Broader Scope In Developing Nation
  • New product launches and R&D amongst major key players
  • Growth In Construction Industry
  • Growth In The Furniture Market
  • Increase Use Of Capital Goods In Households
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Mechanical Hand Tools Market Overview


The global mechanical hand tools market is projected to have excellent growth prospects during the ongoing forecast period of 2021-2027, owing to the rising safety concerns and security issues. Also, the global market growth is raising because of the rising ability of the market segments to grow and gain excellent revenue. As a result, the global interior door market is expected to rise at a CAGR growth rate of 4.12% during the continuous period. In addition, there are factors like the technological advancement’s tech-savvy population, which are likely to push the market and reach a final market revenue worth USD 21.67 billion during the ongoing forecast period.


The mechanical hand tools market products and services help provide home security and safety for the target audience on a large scale. Also, there is a rising trend in this market technology since the emerging concept of smartphones has increased, and hence, the market has dependable prospects during the forecast period of 2021-2027. Furthermore, burgeoning demand for mechanical digital hand tools, keyless door hand tools, and mechanical combination door hand tools is also touted to be quite favorable for the global market in the next couple of years, as a part of the forecast period that will be ending in 2027.


The APAC market for the mechanical hand tools market can record the fastest CAGR over the review period in 2027, on account of the rising applications in several industries. On top of that, their market trends suggest that there has been a continuous launch of new types of innovative mechanical hand tools that are convenient and ensure high-security levels. Moreover, there has been a rise in the preference for mechanical digital door hand tools, and digital mechanical hand tools among consumers could also boost market expansion in the APAC region.


COVID 19 Analysis


The COVID-19 outbreak has had a detrimental impact on the mechanical hand tools industry, with the temporary shutdown of manufacturing facilities and weakened demand.


When the initial cases of the novel coronavirus were reported, the market, participating regions, industries, companies, manufacturing, and production units have been careful in operating as per the set norms to meet the market's need. However, there are newfound challenges during the outbreak of these unfortunate times.


Hence, to dissolve these issues, the global government is focusing on technology development. These will also help increase the diverging demand for digital doors due to security and safety concerns for the global target audience. Therefore, the key market players are in the rising competition are also focusing on developing strategies that will enhance the security features and further strive for improved global demand during the forecast period ending in 2027. Also, the global mechanical hand tools market services deal in the keyless hand tools that look forward to their operation on technologies like wifi connectivity and Bluetooth to ensure a better degree of reliance and safety. Hence, they have a significant and reliable role in enhancing the customer's safety by providing full access to operation to the global market users that are spread in various regions across the globe, especially during the forecast period ending in 2027.


Market Dynamics


Drivers


The trend of mechanical hand tools is soaring the application range of waterproof pads and tools in the marine sector, which players view as a significant opportunity. Weatherproof pad hand tools are witnessing the emergence of solid demand since they have protected keyways and plastic covers.


Mechanical hand tools have witnessed a dramatic increase in demand across both developing and developed nations, given soaring cases of electrical lock systems, power failure, or even system errors. Additionally, the preference for mechanical hand tools in rural and undeveloped areas across various countries has mounted significantly, yet another factor favoring the global industry. Other factors that benefit the global mechanical hand tools market include technical innovations and the escalation in marketing efforts by renowned mechanical hand tools manufacturers.


Restraints


The mechanical hand tools market is witnessing the emergence of market threats from the availability of market substitutes in the global market to the challenge of the functioning of the market players. Therefore, the availability of market substitutes is another critical factor that might limit the mechanical hand tools market growth that has been projected for the period.


Technology Analysis


The advent of reliable and propelling technology advancements and trends in the functioning of mechanical hand tools is driving significant growth aspects for the overall innovative home competitors and industry during the forecast period that will end in 2027. The key types of mechanical hand tools available in the global industry include mortise hand tools, pads and tools, deadbolts, and others like cylindrical hand tools. As a part of the market, Mortise hand tools have gathered significant traction in developed and developing economies owing to the appealing features, including sliding bolt lock mechanism, aesthetically pleasing, dual locking system, and many others.


Segment Overview


The mechanical hand tools market size is projected for expansion because of the vast demand from the global target audience spread in various mushrooming locations across the global market premises. The mechanical hand tools market segments are as follows:


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


Regional Analysis


Based on the trends and critical strategies for growth undertaken by mechanical hand tools, market players in various global regions are expanding tremendously. The North American region generates the highest revenues in the global market for mechanical hand tools owing to the mounting demand for the same in various industries combined with the increasing technological advances in mechanical hand tools in Canada and US, also encouraging the market growth and expansion in the region. The global mechanical hand tools market regions are home to various industries that are showing signs to rise in need for handicraft tools, thus driving the mechanical hand tools market growth as projected by the business chiefs for the ongoing forecast period that will be ending in 2027.


Competitive Landscape


The mechanical hand tools market value is increasing during the period that will be ending in 2027 because of the performance that the following market segments have recorded:



  • Robert Bosch Tool Corporation

  • Klein Tools

  • Stanley Black & Decker, Inc

  • Wurth Group

  • Hilti Corporation

  • Snap-on

  • Makita Corporation

  • TOYA SA

  • Techtronic Industries Co. Ltd

  • Metabowerke GmbH


Recent Developments


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 barrel grip design in the latest GST18V-47N provides consumers complete control of the hand-cutting app close to the chore and locks on the switch for extra ease, precisely 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. At the same time, the function of the blower and LED light provides a good view with a precision cutting line.


In July 2021, Mclaren Racing launched the Decker & Stanley Black partnership; 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 in collaborating to the lives of Decker& Stanley Black, celebrate and customers the work they do "Making the World."


The furniture market, as a prominent part of the global market witnesses the birth of many growth factors that are development in the construction and repair works. The growth of single and two-person homes has driven a rise in the need for simpler and more petite furniture during the prevalence of the global market operations.


Report Overview


The mechanical hand tools market report helps in discussing the efforts of the key market players like mergers, joint ventures, and acquisitions that will impact the market growth and push a considerable degree of competition during the period ending in 2027. Furthermore, the mechanical hand tools market report also helps in discussing the market insights and dynamics that help to analyze the prevalent trends on which the key market players have predicted the CAGR rate of the market and also the final market valuation likely to be attained because of these dynamics in the period that ends in 2027.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 22 billion
  • 2030 : USD 21.67 billion
  •   CAGR   4.12% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, and Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   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.)
      Key Market Opportunities

  • Broader Scope In Developing Nation
  • New product launches and R&D amongst major key players
  •   Key Market Drivers

  • Growth In Construction Industry
  • Growth In The Furniture Market
  • Increase Use Of Capital Goods In Households


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    Frequently Asked Questions (FAQ) :

    The mechanical hand tools market can surge at 4.12% CAGR by 2030.

    The mechanical hand tools market can value at 21.67 billion by 2030.

    In 2016, the mechanical hand tools market valued at USD 16,044.1 Mn.

    Makita Corporation (U.S.), Techtronic Industries Co. Ltd (Hong Kong), Wurth Group (Germany), and Klein Tools (U.S.) are some reputed companies in the mechanical hand tools market.

    Hand service tools, edge tools, and hand saw are types of mechanical hand tools.

    New industrial establishments are creating growth opportunities for the mechanical hand tools market to surge.

    The increase in constructional undertakings by reputed builders in North America can tweak the regional mechanical hand tools market growth.