The global Hand and Power Tools market was valued at 4249.07 Million USD in 2021 and will grow with a CAGR of 5.2% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A hand tool is any tool that is not a Power Tools - that is, one powered by hand (manual labour) rather than by an engine. Some examples of hand tools are garden forks, secateurs, rakes, hammers, spanners, pliers, screwdrivers and chisels. Hand tools are generally less dangerous than Power Tools.A Power Tools is power equipment actuated by an additional power source like electric motors, engines or compressed air. Power Tools are widely used in daily life. Asia-Pacific has the largest global export quantity and manufacturers in Power Tool market. The largest market is China, accounting for about 47% in 2019. While the North America is the second sales volume market for Power Tool in 2019. In the industry, Stanley Black&Decker (DeWalt) profits most in 2019（22.57%）and recent years, while the top 5 of manufacturing market concentration is Stanley Black＆Decker (DeWalt), Bosch, TTI, Makita, and Snap-on，accounting for 58.57% of the total market. Nowadays, there are two mainly types of Hand and Power Tools, including Hand Tools and Power Tools. And Power Tools is the main type for Hand and Power Tools, with a market share of 61.67% in 2019. Tools market, the Industry Field holds a 60.22% market share in 2019, following by Construction Field(19.09%) and Residential Applications(10.15%).

By Market Verdors:

Stanley Black＆Decker (DeWalt)

Bosch

TTI

Makita

Snap-on

HiKOKI

Apex Tool Group

Emerson

Dongcheng

Klein Tools

Hilti

DEVON (Chevron Group)

Festool

Ideal Industries

Positec Group

Knipex

Einhell

Wurth Group

Chicago Pneumatic

Jiangsu Jinding

C. & E. Fein

PHOENIX

Zhejiang Crown

Wiha

Tajima Tool

Channellock

KEN

Great Wall Precision

Akar Tools

JK Files

By Types:

Hand Tools

Power Tools

By Applications:

Residential Applications

Construction Field

Industry Field

Gardening Field

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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