World - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Global Hand Tool Market Reached 30,4B USD in 2015
Photo: © Nosnibor137 / Bigstockphoto
According to market research conducted by IndexBox, in 2015, the hand tool market value grew to X million USD. From 2007 to 2015, the global hand tool market showed mixed dynamics. A significant drop in 2008-2009 was followed by a gradual increase from 2010 to 2015. Despite the increase for several years, which, however, slowed down in the last year, consumption did not recover to its pre-crisis level until 2015.
The U.S. (X%), South Korea (X%), India (X%), China (X%), and Thailand (X%) were the countries with the highest consumption, together comprising nearly X% of global consumption. The highest annual growth rates of hand tool consumption from 2007 to 2015 were recorded in South Korea (+X% per year) and China (+X% per year). South Korea (X USD/year), the U.S. (X USD/year), and Thailand (X USD/year) had the highest levels of per capita consumption among the leading consuming countries, which were significantly higher than the world average of X USD/year.
Hand tools are a widely traded commodity, with the share of exports in the total global output standing at about X% in 2015. In 2015, the value of global exports totaled X million USD. China dominates in global hand tool production and trade. In 2015, China exported X million USD worth of hand tools (X% оf total exports), which accounted for X% of its total hand tools output. Of this amount, X% was supplied to the U.S., where U.S. hand tools held a X% share of total consumption. Germany (X million USD) and the U.S. (X million USD) were the other main global suppliers of hand tools, with a combined share of X% of global exports.
The value of global imports totaled X million USD in 2015. Following the high trade intensity, the share of imports in global demand accounted for about X%. In 2015, the U.S. (X%) and, distantly, Germany (X%), the UK (X%), France (X%), Canada (X%), the Netherlands (X%), and China (X%) were the leading destinations of hand tool imports, together making up X% of global imports in physical/value terms.
Do you want to know more about the global hand tool market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- hand tool market share
- hand tool prices
- hand tool industry
- hand tool sales
- hand tool market forecast
- hand tool price forecast
- key hand toolsproducers
Source: IndexBox Platform
This report provides an in-depth analysis of the global hand tools market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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