Mechanical Hand Tools Market Research Report- Global Forecast 2023

Mechanical Hand Tools Market Research Report- Global Forecast 2023

ID: MRFR/IA - E/2434-CRR | June, 2017 | Region: Global | 94 pages | Cooked Research Reports

Global 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 2017-2023.


Market Synopsis of Mechanical Hand Tools Market.
The need for mechanical hand tools is gradually rising owing to factors such as, growing demand from construction industry coupled with increasing industrialization, growing application industries, increasing demand from household applications and among others. Mechanical hand tools are widely used in the construction industry. The rise in the number of manufacturing plants, where hand tools are majorly used, will lead to the growth of mechanical hand tool market. The industrial sector is expected to grow and would increase in demand for professional hand tools kit, thus leading to the growth of the market. On the other hand, the need for hand tools is likely to increase with the increase in the demand for wooden furniture. The key factors responsible for the growth of the furniture market is growth in construction and renovation activities. Increase in the number of single-person and two person households, has resulted in the increase in demand for small and convenient furniture.
The global Mechanical Hand Tools market has witnessed a moderate growth over the past few year and it has been analysed that the market will grow at the same pace during the forecast period. This market was valued at USD 16,044.1 million in 2016 and is poised to reach USD 20,516.3 million with a CAGR of 3.67% during the forecast period.


Global Mechanical Hand Tools market Share by Region

Mechanical Hand Tools market


Market Segmentation: 
The global mechanical hand tools market has been segmented into:


By Type

  • Hand Service Tools

  • Edge Tools

  • Hand Saw

  • Others


By Application

  • Construction Industry

  • Decoration Industry

  • Household Application 


Regional Analysis


Geographically, North America has emerged as the leading market for mechanical hand tools market consuming around 35.3% market share in 2016. US is one of the leading country in terms of consumption owing to the rising construction sites and rapid industrialization. Asia-Pacific region has registered itself as the fastest growing region with a CAGR of 4.00% during forecast period. Whereas Europe stood on third rank in terms of value. 


Key Players


The major players operating in this market, who have adopted these strategies, are 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.) and others. 


Target Audience



  • Organizations

  • Manufacturer

  • Research Institute / Education Institute

  • Potential Investors 


Product Analysis



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information



  • Regulatory Landscape

  • Pricing Analysis



  • Macroeconomic Indicators


Geographic Analysis



  • Geographical analysis across 15 countries


Company Information



  • Profiling of 10 key  market players

  • In-depth analysis including SWOT analysis, and strategy  information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Global Mechanical Hand Tools Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.


 

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TABLE OF CONTENTS

2.1 Definition 14

2.2 Scope of the Study 14

2.3 Assumptions 14

2.4 Market Structure 15

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

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

5.1 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

6.1 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

7.1 Overview 31

7.1.1 Construction Industry 32

7.1.2 Decoration Industry 32

7.1.3 Household Application 32

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

9.1 Overview 64

9.1.1 Merger & Acquisition 65

9.1.2 Product Development 65

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

TABLE 1 GLOBAL MECHANICAL HAND TOOLS MARKET, BY TYPE , 2015 TO 2023 (USD MILLION) 29
TABLE 2 GLOBAL MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015 TO 2023 (USD MILLION) 33
TABLE 3 GLOBAL MECHANICAL HAND TOOLS MARKET, BY REGION, 2015-2023 (USD MILLION) 36
TABLE 4 NORTH AMERICA: MECHANICAL HAND TOOLS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 37
TABLE 5 NORTH AMERICA:MECHANICAL HAND TOOLS MARKET, BY TYPE 2015-2023 (USD MILLION) 37
TABLE 6 NORTH AMERICA:MECHANICAL HAND TOOLS MARKET, BY APPLICATION 2015-2023 (USD MILLION) 38
TABLE 7 US:MECHANICAL HAND TOOLS MARKET, BY TYPE 2015-2023 (USD MILLION) 38
TABLE 8 US:MECHANICAL HAND TOOLS MARKET, BY APPLICATION 2015-2023 (USD MILLION) 39
TABLE 9 CANADA: MECHANICAL HAND TOOLS MARKET, BY TYPE 2015-2023 (USD MILLION) 40
TABLE 10 CANADA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION 2015-2023 (USD MILLION) 40
TABLE 11 EUROPE:MECHANICAL HAND TOOLS MARKET, BY COUNTRY 2015-2023 (USD MILLION) 41
TABLE 12 EUROPE MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 42
TABLE 13 EUROPE: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 43
TABLE 14 GERMANY MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 44
TABLE 15 GERMANY: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 44
TABLE 16 U.K.: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 45
TABLE 17 U.K.: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 46
TABLE 18 FRANCE : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 47
TABLE 19 FRANCE MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 47
TABLE 20 ITALY: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 48
TABLE 21 ITALY: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 49
TABLE 22 REST OF EUROPE : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 50
TABLE 23 REST OF EUROPE: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 50
TABLE 24 ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 52
TABLE 25 ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 52
TABLE 26 ASIA-PACIFIC: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 53
TABLE 27 CHINA: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 54
TABLE 28 CHINA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 54
TABLE 29 JAPAN MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 55
TABLE 30 JAPAN: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 56
TABLE 31 INDIA: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 57
TABLE 32 INDIA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION , 2015-2023 (USD MILLION) 57
TABLE 33 REST OF ASIA-PACIFIC MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 58
TABLE 34 REST OF ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 59
TABLE 35 ROW: MECHANICAL HAND TOOLS MARKET, BY REGION, 2015-2023 (USD MILLION) 60
TABLE 36 ROW: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 61
TABLE 37 ROW: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 61
TABLE 38 LATIN AMERICA: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 62
TABLE 39 LATIN AMERICA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 63
TABLE 40 MIDDLE EAST & AFRICA:MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 64
TABLE 41 MIDDLE EAST & AFRICA: MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 64

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 FY2015 (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, 2016 (%) 28
FIGURE 11 GLOBAL MECHANICAL HAND TOOLS MARKET, BY TYPE , 2015 TO 2023 (USD MILLION) 29
FIGURE 12 GLOBAL MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2016 (%) 32
FIGURE 13 GLOBAL MECHANICAL HAND TOOLS MARKET, BY APPLICATION, 2015 TO 2023 (USD MILLION) 32
FIGURE 14 GLOBAL MECHANICAL HAND TOOLS MARKET SHARE (%), BY REGION, 2016 35
FIGURE 15 GLOBAL MECHANICAL HAND TOOLS MARKET, BY REGION, 2015-2023 (USD MILLION) 35
FIGURE 16 NORTH AMERICA MECHANICAL HAND TOOLS MARKET SHARE (%), 2016 36
FIGURE 17 NORTH AMERICA:MECHANICAL HAND TOOLS MARKET, BY TYPE 2015-2023 (USD MILLION) 37
FIGURE 18 US:MECHANICAL HAND TOOLS MARKET, BY TYPE 2015-2023 (USD MILLION) 38
FIGURE 19 CANADA: MECHANICAL HAND TOOLS MARKET, BY TYPE 2015-2023 (USD MILLION) 39
FIGURE 20 EUROPE: MECHANICAL HAND TOOLS MARKET SHARE (%), 2016 41
FIGURE 21 EUROPE:MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 42
FIGURE 22 GERMANY: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 43
FIGURE 23 U.K.: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 45
FIGURE 24 FRANCE: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 46
FIGURE 25 ITALY: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 48
FIGURE 26 REST OF EUROPE : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 49
FIGURE 27 ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET SHARE (%), 2016 51
FIGURE 28 ASIA-PACIFIC :MECHANICAL HAND TOOLS MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 51
FIGURE 29 CHINA : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 53
FIGURE 30 JAPAN: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 55
FIGURE 31 INDIA: MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 56
FIGURE 32 REST OF ASIA-PACIFIC : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 58
FIGURE 33 ROW: MECHANICAL HAND TOOLS MARKET SHARE (%), 2016 59
FIGURE 34 ROW: MECHANICAL HAND TOOLS MARKET, BY REGION, 2015-2023 (USD MILLION) 60
FIGURE 35 LATIN AMERICA:MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 62
FIGURE 36 MIDDLE EAST & AFRICA : MECHANICAL HAND TOOLS MARKET, BY TYPE, 2015-2023 (USD MILLION) 63
FIGURE 37 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL MECHANICAL HAND TOOLS MARKET, 2015-2017, (%) 65
FIGURE 38 MERGER & ACQUISITION: (%) SHARE BY KEY PLAYERS, 2015-2017, (%) 66
FIGURE 39 ROBERT BOSCH GMBH: TOTAL REVENUE 67
FIGURE 40 ROBERT BOSCH GMBH: GEOGRAPHIC REVENUE MIX, 2016 (%) 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, 2016 (%) 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, 2016 (%) 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, 2016 (%) 81
FIGURE 52 HILTI CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE (FASTENING & PROTECTION SYSTEMS) 82
FIGURE 53 HILTI CORPORATION: GEOGRAPHIC REVENUE MIX, 2016 (%) 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, 2016 (%) 86
FIGURE 57 MAKITA CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE (GARDENING EQUIPMENT, HOUSEHOLD AND OTHER PRODUCTS) 87
FIGURE 58 MAKITA CORPORATION: GEOGRAPHIC REVENUE MIX, 2016 (%) 88
FIGURE 59 WURTH GROUP: TOTAL REVENUE VS SEGMENTAL REVENUE (TOOLS UNIT) 89
FIGURE 60 WURTH GROUP: GEOGRAPHICAL REVENUE MIX, 2016 (%) 90
FIGURE 61 KLEIN TOOLS: KEY DEVELOPMENTS, 2015-2017 (%) 91