Which Countries Consume the Most Hand Tools?
Cutlery, Hand Tools And General Hardware February 10, 2017
Photo: © Wavebreak Media Ltd / Bigstockphoto
The global hand tool market had total revenues of 30,394 million USD in 2015. In physical terms, the market increased to 2,675 thousand tonnes.
According to market research conducted by IndexBox, in 2015, the U.S. (7,137 million USD), South Korea (2,240 million USD), India (1,722 million USD), China (1,482 million USD), and Thailand (1,434 million USD) were the leading consuming markets, together accounting for approximately 46% of global consumption. These countries were also the leading producers of hand tools in the world.
With nearly 23% of hand tools consumed in 2015, the U.S. became the world's leading hand tool consuming country. Per capita hand tool consumption in the U.S. was estimated at 22 USD/year, which was significantly higher than the global average (4 USD/year).
The highest levels of hand tool consumption were registered in South Korea (45 USD/year), Canada (27 USD/year), Thailand (21 USD/year), Germany (13 USD/year), and Australia (12 USD/year). India and China (1 USD/year each) had the lowest levels of hand tool consumption.
Top 10 countries consuming the most hand tools in 2015
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 tool producers
Source: World: Hand Tools - Market Report. Analysis and Forecast to 2025
