Industrial Hand Tools Market Size, Share, Trends, Growth 2032

Industrial Hand Tools Industry Prospective:

The global industrial hand tools market size was evaluated at $23.48 billion in 2023 and is slated to hit $34.01 billion by the end of 2032 with a CAGR of nearly 4.2% between 2024 and 2032.

Request Free Sample

In order to offer the users of this report, a comprehensive view of the industrial hand tools market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the industrial hand tools market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

Industrial Hand Tools Market: Growth Factors

Industrial hand tools are mechanically driven, which are widely used in several industries, such as automotive, construction, metal processing, etc.

The global industrial hand tools market is expected to grow notably in the future, owing to the flourishing automotive industry in emerging countries, such as China, India, Brazil, Indonesia, etc. The increasing use of industrial hand tools in the automotive industry is likely to drive the market in the future. Additionally, the growing construction activities in India and China have further propelled the application of industrial hand tools. Moreover, the large-scale awareness regarding labor safety and ergonomics is anticipated to fuel the global industrial hand tools market growth in the years ahead.

However, the oscillating costs of raw materials may restrain the market in the future. Alternatively, the expansion of e-retailing is expected to offer new growth opportunities in the industrial hand tools market in the future.

Request Free Sample

The study also includes the market share of the key participant’s operating in the industrial hand tools market across the globe. Additionally, the report covered the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures and regional growth of key players within the market on a regional basis.

Industrial Hand Tools Market: Segmentation

The global industrial hand tools market is classified based on product type and sales channel.

Based on product type, the industrial hand tools market is divided into metal cutting tools, layout and measuring tools, general purpose tools, and taps and dies. General purpose tools dominated the market in 2018 and are projected to continue its dominance throughout the forecast period as well, owing to rising product demand for commercial and residential construction activities. Moreover, metal cutting tools are expected to grow at the fastest rate over the upcoming years.

Based on the sales channel, the global industrial hand tools market is segmented into online sales, retail sales, and distributor sales. The online sales channel is expected to register the highest CAGR over the forecast timeframe, owing to the growing demand for the e-commerce platform.

Industrial Hand Tools Market: Report Scope

Industrial Hand Tools Market: Regional Insights

Regionally, Europe and North America are the largest regional markets in the global industrial hand tools and held major shares of the global market in 2018. This can be attributed to the rapidly expanding construction industry, which is propelling the demand for advanced tools. Additionally, the rising focus on infrastructural development by the governments is likely to further enhance the growth of these regions’ industrial hand tools market in the future.

Industrial Hand Tools Market: Competitive Space

The global industrial hand tools market profiles key players such as

• Snap-on Industrial
• Klein Tools
• Xinapse Systems Ltd
• JK Files (India) Limited
• Stanley Black Decker
• Siemens Healthineers
• Toshiba Medical Systems Corporation
• Akar Tools Ltd
• Mirada Medical Limited
• Mim Software, Inc
• Sciencesoft USA Corporation
• Kennametal Inc
• Channellock, Inc
• Apex Tools Group
• Wera Tools

This report segments the global industrial hand tools market into:

Global Industrial Hand Tools Market: Product Type Analysis

• General Purpose Tools
• Layout and Measuring Tools
• Metal Cutting Tools
• Taps and Dies

Global Industrial Hand Tools Market: Sales Channel Analysis

• Online Sales
• Retail Sales
• Distributor Sales

Global Industrial Hand Tools Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa