Los Angeles, CA -- (SBWIRE) -- 09/12/2019 -- A hand tools and accessories refer to any tool that is not a power tool – 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.
With the rapid growth of the global automobile market, the development of the industrial segment has also been augmented. The growth of the segment is not restricted to a particular region, as the automobile industry is flourishing across the world. Increasing consumer spending ability and per capita, disposable income is also creating a positive impact on the industrial segment. The increase in technical jobs and employment is a great opportunity for the hand tools market to expand in terms of quality and pricing, as professionals use high-end tools and are willing to pay more for such products.
The global Hand Tools and Accessories market is valued at 14800 million US$ in 2018 is expected to reach 18900 million US$ by the end of 2025, growing at a CAGR of 3.1% during 2019-2025.
This report focuses on Hand Tools and Accessories volume and value at global level, regional level and company level. From a global perspective, this report represents overall Hand Tools and Accessories market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The following manufacturers are covered:
Apex Tool Group
Great Wall Precision
Segment by Regions
Segment by Type
General Purpose Tools
Metal Cutting Tools
Layout and Measuring Tools
Taps and Dies
Segment by Application
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