Sep 1, 2019

World - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Jul 27, 2018

Global Hand Tools Market - the U.S. Emerges As the Largest Market for Imports

IndexBox has just published a new report "World: Hand Tools - Market Report. Analysis and Forecast to 2025". Here is a summary of the report’s key findings.

The Hand Tool Market Remained Practically Unchanged from the Previous Year’s Figure

In 2016, the global hand tools market amounted to $30.4B in wholesale prices. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value has remained relatively flat over the last three years; previously, the sharp drop of 2009 was followed by a recovery from 2010-2011, after which the market retained a relatively static trend pattern through to 2016.

The Global Consumption of Hand Tools Is Expected to Reach $38.7B by 2025

Hand tools are mainly used in construction and to repair various types of transport. The expansion of the construction sector, along with the growth of the automotive industry in the U.S. and the rapidly developing countries of Asia, are the key factors affecting the world market of hand tools. The U.S. car repair industry experienced growth against increased car sales  and enhanced vehicle use, following low fuel prices, the expansion of retail trade and higher household incomes, prompting demand for personal trips and freight transportation. Asia is expected to remain the fastest-growing region in the global market of hand tools, due to the active processes of urbanization and an increase in the population's standard of living. 

On the other hand, the market will be affected by some constraints, mainly by the increased competition from substitute products, such as power tools. Some of the major trends in the global hand tool market will result in a more user-friendly design of hand tools and an appearance of multi-featured hand tools on the global market. In view of the factors mentioned above, the global hand tool market is expected to accelerate, with an average +2.7% annual growth in the medium term, which will lead market to $38.7B by 2025.

The U.S. Alone Comprise approx. 23% of Global Hand Tool Consumption 

In 2016, the U.S. (23%), Korea (7%), India (5%), Thailand (5%) and China (5%) constituted the countries with the highest consumption of hand tools in the world. The highest annual rates of growth with regard to hand tools consumption from 2007 to 2016 were recorded in Korea, with a +4.5% growth, and China, with a +3.3% growth. Korea (+2 percentage points) and China (+1 percentage point) slightly strengthened their shares in terms of global consumption from 2007 to 2016. 

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Korea ($45.9 per year in 2016), Thailand ($23.1 per year) and the U.S. ($21.5 per year), which were significantly higher than the world average of $4.1 per year. The annual growth of per capita consumption from 2007 to 2016 was the most notable in Korea, with a +4.0% growth.

Hand Tool Production Reduced Slightly in Value Terms

The production of hand tools accounted for $30.9B in 2016. In 2009, the value of hand tool production decreased by 21%, due to a slump in construction and spending, affected by the economic crisis. However, it rapidly recovered over the period from 2010 to 2011 and then flattened with only mild fluctuations though 2016. The production volume remained stable over the last year, amounting to 4.3M tonnes in 2016. Unlike production in value terms, following a noticeable slump from 2008-2009, the volume of production failed to return to its pre-crisis figure, and after recovering slightly, it once again contracted in 2012, and then remained at this lower indicator. 

China Remains the Major Producer of Hand Tools, with the Volume of Production Expanding Rapidly 

China was the key world hand tools producing country, with an output of about $6.8B in 2016, which accounted for 22% of total global output. The other major producers were the U.S. (16%), Korea (7%), India (6%), Thailand (5%). 

In China, production levels increased by 70% from 2007 to 2016, growing with a CAGR of +6.1%, which was largely attributed to favorable economic conditions and the growth of industrial activity. In Korea and India, production levels experienced a more moderate growth of +3.9% and +2.3%, respectively, over the same period, while the other major leaders indicated a negative dynamic. 

More than Half of the Hand Tools Produced Were Exported

Hand tools are a widely traded commodity, with the share of export in total global output standing at approx. 58% in 2016. The high trade intensity is determined mainly by the significant distance between the main production centres and the key consumer countries, the difference in the various hand tools available, and their quality. 

China Strengthened Its Leadership in Terms of Global Hand Tool Exports

In 2016, the value of global exports totaled almost $17.8B, with a mixed trend pattern over the last few years. A gradual increase over the period from 2007 to 2008 was followed by a steep decline in 2010. Over the next two years, the value of global exports recovered and then retained a static pattern, with mild fluctuations through to 2016. 

China ($5,830M in 2016), Germany ($2,042M), Taiwan (Chinese) ($1,896M) and the U.S. ($1,380M) were the main global suppliers of hand tools, with a combined share of 63% of global exports. From 2007 to 2016, China (+6.8% per year) emerged as the fastest growing supplier amongst the major exporters; the other countries indicated a relatively immutable trend in terms of export patterns.

The U.S. Remains the Largest Market for Imported Hand Tools

The value of global imports totaled $17.3B in 2016. The imports trend pattern generally mirrored that of exports: the trade flows globally complement each other. 

In 2016, the U.S. ($3,254M), Germany ($1,382M), the UK ($781M), France ($633M), the Netherlands ($633M), Canada ($602M) and China ($496M) constituted the leading destinations in terms of hand tools imports, together comprising 46% of global imports. Amongst the major importing countries, the U.S. (+3.2% per year) and Germany (+2.1% per year) gained the highest annual rates of growth from 2007 to 2016. Consequently, the share of the U.S. in terms of global imports increased from 16% in 2007, to 19% in 2016, while the shares of the other countries remained relatively stable throughout the analyzed period.

Do you want to know more about the global hand tools 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 production
  • hand tool industry
  • hand tool sales
  • hand tool imports
  • hand tool exports
  • hand tool market forecast
  • hand tool price forecast
  • key hand tool producers

Source: IndexBox AI Platform

Product coverage:
• Prodcom 25731010 - Spades and shovels
• Prodcom 25731020 -
• Prodcom 25731030 - Mattocks, picks, hoes and rakes
• Prodcom 25731040 - Axes, bill hooks and similar hewing tools (excluding ice axes)
• Prodcom 25731050 - Secateurs and similar one-handed pruners and shears (including poultry shears) (excluding secateur type scissors with secateur blades with finger rings, pruning knives)
• Prodcom 25731060 - Hedge shears, two-handed pruning shears and similar twohanded shears
• Prodcom 25731070 -
• Prodcom 25732010 - Hand saws (excluding hand saws with a self-contained motor)
• Prodcom 25732020 - Band saw blades
• Prodcom 25732030 - Circular saw blades with steel working parts (including slotting or slitting saw blades)
• Prodcom 25732050 - Circular saw blades with non-steel working parts (including slitting or slotting saw blades, parts)
• Prodcom 25732093 - Straight saw blades for working metal
• Prodcom 25732095 -
• Prodcom 25732099 -
• Prodcom 25733013 - Files, rasps and similar tools (excluding punches and files for machine tools)
• Prodcom 25733015 -
• Prodcom 25733017 -
• Prodcom 25733023 - Metal cutting shears and similar hand tools
• Prodcom 25733025 - Pipe-cutters, bolt croppers, perforating punches and similar tools excluding punches and files for machine tools, machinetype metal cutting shears and office perforating punches, t icket punches
• Prodcom 25733033 - Non-adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
• Prodcom 25733035 - Adjustable hand-operated spanners and wrenches (including torque meter wrenches) (excluding tap wrenches)
• Prodcom 25733037 - Interchangeable spanner sockets
• Prodcom 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
• Prodcom 25733055 - Hammers and sledge hammers with working part of metal
• Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
• Prodcom 25733063 - Screwdrivers
• Prodcom 25733065 - Household hand tools
• Prodcom 25733073 - Other tools for masons, moulders, cement workers, plasterers and painters
• Prodcom 25733077 - Other hand tools (including cartridge operated riveting) w allplugging and similar hand tools
• Prodcom 25733083 - Blow lamps (excluding gas-operated welding appliances)
• Prodcom 25733085 - Vices, clamps and the like
• Prodcom 25733087 - Anvils, portable forges, hand or pedal-operated grinding wheels with frameworks (excluding grindstones and the like presented separately)

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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
Ready to Get Started?

We can help you conduct market research and write a report using the most reliable data

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data