World - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
Global Hand Tool Market Reached 30,4B USD in 2015
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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 AI Platform
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