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Tools and Accessories Market Insights & Projections to 2025

DUBLIN, Jan. 28, 2020 /PRNewswire/ -- The "Hand Tools and Accessories - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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Hand Tools and Accessories market, worldwide, is projected to grow by US$5.4 Billion, driven by a compounded growth of 3.6%.

Mechanics' Service Tools, one of the segments analyzed and sized in this study, displays the potential to grow at over 3.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$12.9 Billion by the year 2025, Mechanics' Service Tools will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$215.3 Million to the region's size and clout in the next 5 to 6 years. Over US$298.4 Million worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Mechanics' Service Tools will reach a market size of US$1.1 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.4% over the next couple of years and add approximately US$933.2 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Key Topics Covered




  • Industry Background
  • Evolution of the Industry
  • Hand Tools Remain Vital in the Modern Mechanical Era
  • A Secure Niche for Hand Tools, Despite the Growing Threat of Powered Tools: Percentage Share Breakdown of Hand Tools and Power Tools in the Global Tools Market for the Year 2019
  • Stable Outlook Governs Future Prospects in the Hand Tools Market
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region forthe Years 2017 through 2020
  • Developing Markets: The Focal Point for Future Growth
  • Competition
  • Hand Tools and Accessories Competitor Market Share Scenario Worldwide (in %): 2019
  • Product Profile
  • Mechanics' Service Tools
  • Pliers
  • Hammers
  • Wrenches
  • Screwdrivers
  • Edge Tools
  • Axe
  • Adze
  • Hatchets
  • Chisels
  • Paint & Masonry Tools
  • Other Segments
  • Shovel
  • Spades
  • Hoes
  • Rakes
  • Accessories
  • Sandpaper
  • Different Designs & Features for Different Regions


  • Akar Tools Ltd. (India)
  • Apex Tool Group (USA)
  • Channellock Inc. (USA)
  • Emerson Electric Co. (USA)
  • Greenlee (USA)
  • Gray Tools Canada Inc. (Canada)
  • Ideal Industries, Inc. (USA)
  • Irwin Tools (USA)
  • J.K. Files (India) Limited (India)
  • Kennametal Inc. (USA)
  • Klein Tools Inc. (USA)
  • Leatherman Tool Group, Inc. (USA)
  • Milwaukee Electric Tool Corporation (USA)
  • Ningbo Great Wall Precision Industrial Co., Ltd. (China)
  • Pilana Tools Group (Czech Republic)
  • Snap-On Incorporated (USA)
  • Stanley Black & Decker (USA)
  • Techtronic Industries Co. Ltd. (USA)
  • Wera Tools (Germany)


  • Occupational Ergonomics: The Primary Factor Driving Innovation in the Hand Tools Market
  • Growing Incidence of Work-Related Musculoskeletal Disorders (MSDs) Drives the Emphasis on Ergonomically Designed Hand Tools: Number of MSDs in the United States Per 10,000 Full Time Workers by Industry Sector for the Year 2018
  • Multitask Hand Tools Grow in Prominence
  • APEX BOLT Action Titanium Pen, the Next Generation Tactical Multi-Tool Pen from ZEROHOUR
  • Focus on Productivity in Lightweight Manufacturing to Spur Demand for Intelligently Designed Hand Tools
  • Non-Magnetic and Non-Sparking Hand Tools Make Perfect Sense for High Energy and Electrical Component Applications
  • As Competition Heats up, Companies Keep Afloat with Product Innovations
  • Bionic Grip from LoggerHead Tools
  • Dewalt's DWHT56148 Engineering Hammer
  • Douglas Tools' TC20-DP Framing Hammer
  • Klecker Knives' Klax Lumberjack Axe Head
  • Leveraxe Axe
  • Sven-Saw, an Ergonomically Designed Cutting Tool
  • Shovel Blades from Hisco
  • Mechanics' Service Tools: The Largest Product Market to Witness Strong Growth
  • Strong Demand for Automotive Repair & Maintenance Services Drives Growth of Vehicle Mechanics Tools
  • Robustly Growing Automotive Repair & Maintenance Services Market Ranks as a Positive Macro Trend Driving Demand for Mechanics' Service Tools in the Automotive Sector: Global Market for Automotive Repair and Maintenance Services (In US$ Billion) by Segment for the Years 2018, 2020 and 2022
  • Growth in Aircraft MRO Expands the Addressable Market for Aviation General Mechanic's Tools
  • Projected Increase in Aircraft MRO to Spur Demand Opportunities for Aviation Hand Tools: Global MRO Spending (In US$ Billion) by Segment for the Years 2019 & 2024
  • Machinery Maintenance & Heavy Equipment Repair Drives Demand for Mechanic's Service Tools in the Industrial Sector
  • Aging Plant Machinery with Heavy Repair & Maintenance Burden to Spur Opportunities for Hand Tools Used in the Industrial Sector: Average Age of Industrial Equipment (In Years) in the Private Sector in the United States for the Years 1980, 2000 and 2018
  • Growth of World Construction Industry Higher than Global GDP, Spells Opportunities for Hand Tools Used by Construction Workers
  • Projected Increase in Construction Investments & a Parallel Expansion in Construction Workforce to Spur Demand for Construction Hand Tools: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Rise in D.I.Y Home Improvement, Gardening and Landscaping Projects to Spur Growth in the Hand Tools Market
  • Growing Prominence of Do-It-Yourself (DIY) Culture Provides a Firm Growth Platform for Hand Tools in the Consumer Market: Global DIY/Home Improvement Turnover (In US$ Billion) for Years 2016, 2018 & 2020
  • Average Cost, Savings & Return on Investment (ROI) on DIY Home Improvement Projects in the United States
  • Global Hand Tools Purchases in the Consumer Segment (2019): Percentage Breakdown by Age Group
  • Intelligent CAD Technology Enables the Development of Ergonomically Designed Hand Tools
  • E-Retailing Expands Growth Opportunities
  • Factors Influencing Online Purchase Decision - Percentage Share Breakdown by Consumer Preferences
  • Growing Competition from Power Tools: A Market Dampener




Companies Mentioned

  • Acha Herramientas De Precision, Sl
  • Adolf Wurth Gmbh & Co. Kg
  • Aimco Global
  • Ajax Tool Works
  • Akar Auto Tools Ltd.
  • Alltrade Tools Llc
  • Alyco Tools Sa
  • Andreas Maier Gmbh & Co. Kg
  • Apex Tool Group
  • Artex
  • ASW - Andreas Heuel Gmbh
  • Atlas Copco Ab
  • August Graef Gnu Gmbh
  • Augusta-Heckenrose Werkzeugfabriken Gmbh & Co. Kg
  • Band-It Idex
  • Bedford Saw & Tool Company
  • Beta Tools (Uk)
  • Bison - Grossschonauer Werkzeugschmiede Gmbh
  • Black Jack India
  • Brinko Werkzeugfabrik Fellermann Gmbh & Co. Kg
  • C.S. Osborne & Co.
  • Carl Kammerling International Ltd.
  • Castle Brooke Tools (Uk) Ltd.
  • Caverio Angelo Snc
  • Central Tools, Inc.
  • Chan Long Enterprise Co., Ltd.
  • Chang Yung Metal Work Co., Ltd.
  • Channellock, Inc.
  • Chillington Tools
  • Chinsing Industries Co., Ltd.
  • Cimco-Werkzeugfabrik Carl Jul. Muller Gmbh & Co. Kg
  • Corona Tools
  • Crossman Tool Co., Ltd.
  • Crown Hand Tools Ltd.
  • Daniels Manufacturing Corporation
  • Deprag Schulz Gmbh U. Co.
  • Diversitech Corporation
  • Dorian Drake International, Inc.
  • EGA Master Sl
  • Eh Smith (Builders Merchants) Ltd.
  • Eklind Tool Company
  • Elora Werkzeugfabrik Gmbh
  • Emerson Electric Co. (Greenlee Tools, Inc.)
  • Enerpac Tool Group
  • Ess Pee Industrial Corporation
  • Estwing Manufacturing Co., Inc.
  • Excelta Corporation
  • Felco Sa
  • Felo-Werkzeugfabrik Holland-Letz Gmbh
  • Ferval Srl
  • Fiskars Group
  • Fletcher Business Group
  • Footprint Sheffield Ltd.
  • Formosa Tools Co., Ltd.
  • G-Man Tools Ab
  • G. Adolf Lemp & Co., Gmbh
  • Gedore Uk
  • Gedore Werkzeugfabrik Gmbh & Co. Kg
  • General Tools & Instruments Llc
  • Gray Tools Canada, Inc.
  • Great Neck Saw
  • Great Valley Tools Pty., Ltd. (Metal Pecker)
  • Griffon Corporation
  • Grip-On-Tools Sa
  • Hangzhou Great Star Industrial Co., Ltd.
  • Harbor Freight Tools
  • Hazet-Werk - Hermann Zerver Gmbh & Co. Kg
  • Hebei Sinotools Industrial Co., Ltd.
  • Herramientas Agricolas, S.A.
  • Himmelberger Zeughammerwerk Leonard Mller & Shne Gmbh
  • Howarth Timber Group Ltd.
  • Hyde Tools, Inc.
  • Ideal Industries, Inc.
  • Infar Industrial Co., Ltd.
  • Irwin Tools
  • Jcbl India Pvt. Ltd.
  • Jet Tools North America
  • Jetech Tool Co. Ltd.
  • Jk Files (India) Ltd.
  • Johann Offner Verwaltung Und Vertrieb Gmbh
  • JPW Industries
  • K&W Tools Co., Ltd.
  • Kennametal, Inc.
  • King Jaws Metal Co., Ltd.
  • King Lugger, Inc.
  • King Spark Hardware & Tool Corporation
  • Kirchhoff Group
  • Klein Tools, Inc.
  • Klenk Tools
  • Knipex-Werk C. Gustav Putsch Kg
  • Kyoto Tool Co., Ltd. (Ktc)
  • Lang Tools
  • Lasher Tools South Africa
  • Leatherman Tool Group, Inc.
  • Lecureux Ag
  • Lee Valley Tools Ltd.
  • Linbide
  • Lowe's Companies
  • Lucky-Brand Industrial Co., Ltd.
  • Malco Products, Sbc
  • Manufacturas Gove Sl
  • Manutan Uk Ltd.
  • Martin Sprocket & Gear, Inc.
  • Mayhew Steel Products, Inc.
  • Midwest Tool & Cutlery Co.
  • Milwaukee Tool
  • Mob Mondelin Sas
  • Monument Tools Ltd.
  • Motion Pro, Inc.
  • Narex Bystrice Sro
  • Ningbo Great Wall Precision Industrial Co., Ltd.
  • Northern Tool + Equipment
  • Nupla Corporation
  • Oetiker Schweiz Ag
  • Orbis Will Gmbh + Co. Kg
  • OX Tools Au Pty Ltd.
  • Pacific Handy Cutter
  • Parget Industrial Co., Ltd.
  • Park Tool Co.
  • Paul Dreiner Verwaltungs Ug (Haftungsbeschrankt) & Co. Kg
  • PB Swiss Tools Ag
  • Peter Bausch Gmbh & Co. Kg
  • Phoenix Contact Gmbh & Co. Kg
  • Pilana Tools A.S.
  • Power Most Industrial Co., Ltd.
  • Power Products, Llc
  • Q.E.P. Co., Inc.
  • Quinn Group
  • Red Devil, Inc.
  • Reed Manufacturing Company
  • Ridgid Tool Company
  • Robert Bosch Gmbh
  • Schwan Werkzeuge
  • Se Tools
  • Sk Hand Tool Llc
  • SNA Europe Group (Bahco)
  • Snap-On, Inc.
  • Soteck Corporation
  • Southwire Company Llc
  • Spear & Jackson Uk Ltd.
  • Stahlwille Eduard Wille Gmbh & Co. Kg
  • Stanley Black & Decker, Inc.
  • Stanley Black & Decker France Sas
  • Lenox Corporation
  • Stihl, Inc.
  • Super Tool Co., Ltd.
  • Surewerx
  • Sutton Tools Pty. Ltd.
  • Sykes Pickavant Ltd.
  • Techtronic Industries Co., Ltd.
  • The Ames Companies, Inc.
  • The Lincoln Electric Company
  • Truper S.A. De Cv
  • Victorinox Ag
  • Wera Werkzeuge Gmbh
  • Wiha Werkzeuge Gmbh
  • Wilde Tool Co., Inc.
  • Wilh. Putsch Gmbh & Co. Kg
  • Wolfcraft Gmbh
  • Wright Tool Company
  • Wuro Wilhelm Uebach Gmbh & Co. Kg
  • Wrth France Sa
  • Zephyr Tool Group

For more information about this report visit https://www.researchandmarkets.com/r/990kft

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