Hand Tools Kit Market 2020-2024 | Increasing Residential Construction to Boost the Market Growth

Technavio has been monitoring the hand tools market, and it is expected to grow by USD 2.62 billion during the five-year forecast period. As per the latest report, the market will progress at a CAGR of 4% during 2020-2024. This report aid business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. Download Latest Free Sample Report

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Technavio has announced its latest market research report titled Global Hand Tools Market 2020-2024 (Graphic: Business Wire)

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. are some of the major market participants. Although the growth of residential construction will offer immense growth opportunities, fluctuating raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The growth of residential construction has been instrumental in driving the growth of the market. However, fluctuating raw material prices might hamper market growth.

Hand Tools Market 2020-2024: Segmentation

Hand Tools Market is segmented as below:

  • Application

    • General-purpose

    • Metal-cutting

    • Others

  • End-user

  • Geographic Landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40224

Hand Tools Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our hand tools market report covers the following areas:

  • Hand Tools Market size

  • Hand Tools Market trends

  • Hand Tools Market industry analysis

  • Hand Tools Market five forces analysis

  • Hand Tools Market competitive landscape

This study identifies the introduction of ergonomically designed hand tools as one of the prime reasons driving the hand tools market growth during the next few years.

Hand Tools Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Hand Tools Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking. Our research reports on the Hand Tools Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Hand Tools Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist hand tools market growth during the next five years

  • Estimation of the hand tools market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the hand tools market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of hand tools market vendors

Table Of Contents :

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application

  • Comparison by application

  • General-purpose – Market size and forecast 2019-2024

  • Metal cutting – Market size and forecast 2019-2024

  • Others – Market size and forecast 2019-2024

  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user

  • Comparison by end-user

  • Industrial – Market size and forecast 2019-2024

  • Household – Market size and forecast 2019-2024

  • Market opportunity by end-user

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 12: MARKET TRENDS

  • Introduction of ergonomically designed hand tools

  • Increase in demand for hand tools for residential applications through

  • online platforms

  • Increased M&A activities and strategic alliances

PART 13: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Akar Auto Industries Ltd.

  • Apex Tool Group LLC

  • Emerson Electric Co.

  • IDEAL Industries Inc.

  • JPW Industries Inc.

  • Kennametal Inc.

  • Raymond Ltd.

  • Snap-on Inc.

  • Stanley Black & Decker, Inc.

  • Techtronic Industries Co. Ltd.

PART 15: APPENDIX

PART 16: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201106005433/en/

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