A mechanical hand tool is any tool that is powered by hand. Multiple tools include mechanical hand tool categories such as pliers, cutters, wrenches, striking tools, screwdrivers, hammered tools, vises, clamps, saws, knives, and drills, among others. Moreover, the need for mechanical hand tools is gradually rising owing to factors such as growing demand from the construction industry coupled with increasing industrialization, growing application industries, and increasing demand from household applications.
MARKET DYNAMICS
The industrial sector is expected to grow and would increase in demand for professional hand tools kit is driving the growth of the mechanical hand tools market. However, the high cost of tools and maintenance charges may restrain the growth of the mechanical hand tools market. Furthermore, with growing construction and renovation activities are anticipated to create market opportunities for the mechanical hand tools market during the forecast period.
MARKET SCOPE
The "Global Mechanical Hand Tools Market Analysis To 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The mechanical hand tools market report aims to provide an overview of the mechanical hand tools market with detailed market segmentation by type, application, and geography. The global mechanical hand tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mechanical hand tools market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mechanical hand tools market is segmented on the basis of type and application. Based on type, the mechanical hand tools market is segmented into: hand service tools, edge tools, hand saw, and others. On the basis of application, the mechanical hand tools market is segmented into: construction industry, decoration industry, and household application.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mechanical hand tools market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The mechanical hand tools market by each region is later sub-segmented by respective countries and segments. The mechanical hand tools market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mechanical hand tools market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the mechanical hand tools market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mechanical hand tools market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The mechanical hand tools market by each region is later sub-segmented by respective countries and segments. The mechanical hand tools market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mechanical hand tools market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the mechanical hand tools market in these regions.
MARKET PLAYERS
The reports cover key developments in the mechanical hand tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from mechanical hand tools market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the mechanical hand tools market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mechanical hand tools market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adolf Würth GmbH and Co. KG
- Hilti AG
- Klein Tools, Inc.
- Makita Corporation
- Metabowerke GmbH
- Robert Bosch Tool Corporation
- Snap-on Incorporated
- Stanley Black and Decker, Inc.
- Techtronic Industries Co. Ltd.
- TOYA S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mechanical Hand Tools Market - By Type
1.3.2 Mechanical Hand Tools Market - By Application
1.3.3 Mechanical Hand Tools Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MECHANICAL HAND TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MECHANICAL HAND TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MECHANICAL HAND TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. MECHANICAL HAND TOOLS - GLOBAL MARKET OVERVIEW
6.2. MECHANICAL HAND TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MECHANICAL HAND TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HAND SERVICE TOOLS
7.3.1. Overview
7.3.2. Hand Service Tools Market Forecast and Analysis
7.4. EDGE TOOLS
7.4.1. Overview
7.4.2. Edge Tools Market Forecast and Analysis
7.5. HAND SAW
7.5.1. Overview
7.5.2. Hand Saw Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. MECHANICAL HAND TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION INDUSTRY
8.3.1. Overview
8.3.2. Construction Industry Market Forecast and Analysis
8.4. DECORATION INDUSTRY
8.4.1. Overview
8.4.2. Decoration Industry Market Forecast and Analysis
8.5. HOUSEHOLD APPLICATION
8.5.1. Overview
8.5.2. Household Application Market Forecast and Analysis
9. MECHANICAL HAND TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Mechanical Hand Tools Market Overview
9.1.2 North America Mechanical Hand Tools Market Forecasts and Analysis
9.1.3 North America Mechanical Hand Tools Market Forecasts and Analysis - By Type
9.1.4 North America Mechanical Hand Tools Market Forecasts and Analysis - By Application
9.1.5 North America Mechanical Hand Tools Market Forecasts and Analysis - By Countries
9.1.5.1 United States Mechanical Hand Tools Market
9.1.5.1.1 United States Mechanical Hand Tools Market by Type
9.1.5.1.2 United States Mechanical Hand Tools Market by Application
9.1.5.2 Canada Mechanical Hand Tools Market
9.1.5.2.1 Canada Mechanical Hand Tools Market by Type
9.1.5.2.2 Canada Mechanical Hand Tools Market by Application
9.1.5.3 Mexico Mechanical Hand Tools Market
9.1.5.3.1 Mexico Mechanical Hand Tools Market by Type
9.1.5.3.2 Mexico Mechanical Hand Tools Market by Application
9.2. EUROPE
9.2.1 Europe Mechanical Hand Tools Market Overview
9.2.2 Europe Mechanical Hand Tools Market Forecasts and Analysis
9.2.3 Europe Mechanical Hand Tools Market Forecasts and Analysis - By Type
9.2.4 Europe Mechanical Hand Tools Market Forecasts and Analysis - By Application
9.2.5 Europe Mechanical Hand Tools Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Mechanical Hand Tools Market
9.2.5.1.1 Germany Mechanical Hand Tools Market by Type
9.2.5.1.2 Germany Mechanical Hand Tools Market by Application
9.2.5.2 France Mechanical Hand Tools Market
9.2.5.2.1 France Mechanical Hand Tools Market by Type
9.2.5.2.2 France Mechanical Hand Tools Market by Application
9.2.5.3 Italy Mechanical Hand Tools Market
9.2.5.3.1 Italy Mechanical Hand Tools Market by Type
9.2.5.3.2 Italy Mechanical Hand Tools Market by Application
9.2.5.4 United Kingdom Mechanical Hand Tools Market
9.2.5.4.1 United Kingdom Mechanical Hand Tools Market by Type
9.2.5.4.2 United Kingdom Mechanical Hand Tools Market by Application
9.2.5.5 Russia Mechanical Hand Tools Market
9.2.5.5.1 Russia Mechanical Hand Tools Market by Type
9.2.5.5.2 Russia Mechanical Hand Tools Market by Application
9.2.5.6 Rest of Europe Mechanical Hand Tools Market
9.2.5.6.1 Rest of Europe Mechanical Hand Tools Market by Type
9.2.5.6.2 Rest of Europe Mechanical Hand Tools Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Mechanical Hand Tools Market Overview
9.3.2 Asia-Pacific Mechanical Hand Tools Market Forecasts and Analysis
9.3.3 Asia-Pacific Mechanical Hand Tools Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Mechanical Hand Tools Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Mechanical Hand Tools Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Mechanical Hand Tools Market
9.3.5.1.1 Australia Mechanical Hand Tools Market by Type
9.3.5.1.2 Australia Mechanical Hand Tools Market by Application
9.3.5.2 China Mechanical Hand Tools Market
9.3.5.2.1 China Mechanical Hand Tools Market by Type
9.3.5.2.2 China Mechanical Hand Tools Market by Application
9.3.5.3 India Mechanical Hand Tools Market
9.3.5.3.1 India Mechanical Hand Tools Market by Type
9.3.5.3.2 India Mechanical Hand Tools Market by Application
9.3.5.4 Japan Mechanical Hand Tools Market
9.3.5.4.1 Japan Mechanical Hand Tools Market by Type
9.3.5.4.2 Japan Mechanical Hand Tools Market by Application
9.3.5.5 South Korea Mechanical Hand Tools Market
9.3.5.5.1 South Korea Mechanical Hand Tools Market by Type
9.3.5.5.2 South Korea Mechanical Hand Tools Market by Application
9.3.5.6 Rest of Asia-Pacific Mechanical Hand Tools Market
9.3.5.6.1 Rest of Asia-Pacific Mechanical Hand Tools Market by Type
9.3.5.6.2 Rest of Asia-Pacific Mechanical Hand Tools Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Mechanical Hand Tools Market Overview
9.4.2 Middle East and Africa Mechanical Hand Tools Market Forecasts and Analysis
9.4.3 Middle East and Africa Mechanical Hand Tools Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Mechanical Hand Tools Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Mechanical Hand Tools Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Mechanical Hand Tools Market
9.4.5.1.1 South Africa Mechanical Hand Tools Market by Type
9.4.5.1.2 South Africa Mechanical Hand Tools Market by Application
9.4.5.2 Saudi Arabia Mechanical Hand Tools Market
9.4.5.2.1 Saudi Arabia Mechanical Hand Tools Market by Type
9.4.5.2.2 Saudi Arabia Mechanical Hand Tools Market by Application
9.4.5.3 U.A.E Mechanical Hand Tools Market
9.4.5.3.1 U.A.E Mechanical Hand Tools Market by Type
9.4.5.3.2 U.A.E Mechanical Hand Tools Market by Application
9.4.5.4 Rest of Middle East and Africa Mechanical Hand Tools Market
9.4.5.4.1 Rest of Middle East and Africa Mechanical Hand Tools Market by Type
9.4.5.4.2 Rest of Middle East and Africa Mechanical Hand Tools Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Mechanical Hand Tools Market Overview
9.5.2 South and Central America Mechanical Hand Tools Market Forecasts and Analysis
9.5.3 South and Central America Mechanical Hand Tools Market Forecasts and Analysis - By Type
9.5.4 South and Central America Mechanical Hand Tools Market Forecasts and Analysis - By Application
9.5.5 South and Central America Mechanical Hand Tools Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Mechanical Hand Tools Market
9.5.5.1.1 Brazil Mechanical Hand Tools Market by Type
9.5.5.1.2 Brazil Mechanical Hand Tools Market by Application
9.5.5.2 Argentina Mechanical Hand Tools Market
9.5.5.2.1 Argentina Mechanical Hand Tools Market by Type
9.5.5.2.2 Argentina Mechanical Hand Tools Market by Application
9.5.5.3 Rest of South and Central America Mechanical Hand Tools Market
9.5.5.3.1 Rest of South and Central America Mechanical Hand Tools Market by Type
9.5.5.3.2 Rest of South and Central America Mechanical Hand Tools Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MECHANICAL HAND TOOLS MARKET, KEY COMPANY PROFILES
11.1. ADOLF WüRTH GMBH AND CO. KG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HILTI AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. KLEIN TOOLS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MAKITA CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. METABOWERKE GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ROBERT BOSCH TOOL CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SNAP-ON INCORPORATED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. STANLEY BLACK AND DECKER, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TECHTRONIC INDUSTRIES CO. LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOYA S.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Adolf Würth GmbH and Co. KG
2. Hilti AG
3. Klein Tools, Inc.
4. Makita Corporation
5. Metabowerke GmbH
6. Robert Bosch Tool Corporation
7. Snap-on Incorporated
8. Stanley Black and Decker, Inc.
9. Techtronic Industries Co. Ltd.
10. TOYA S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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