Hand Tools Market

Hand tools market: read new statistics secured by an Ai-driven business intelligence platform. Info contain exports, trade, market prices, consumption, companies, imports, production, and market size. Here is a breakdown by region, including the U.S., EU, Africa, Russia, Latin America, the Middle East, China, and the U.K. Market dynamics and forecast to 2030 are also featured in the snapshots.


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Hand Tools - World's Largest Markets

RatingCountry
1United States
2Japan
3China
4Russia
5Germany

In value terms, the largest hand tools markets worldwide were the United States, Japan and China, together comprising 56% of the global market. These countries were followed by Russia, Germany, South Korea, Canada, France, Mexico, the UK, Thailand and Brazil, which together accounted for a further 23%.

Russia recorded the highest growth rate of market size, among the main consuming countries over the period under review, while hand tools market for the other global leaders experienced more modest paces of growth.

Hand Tools Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
India474346853600-12.9%
China592347984533-12.5%
Mexico665061945928-5.6%
Belgium12579120889499-13.1%
Taiwan (Chinese)9422963095630.7%
Netherlands124731149710212-9.5%
United States135821339913523-0.2%
Germany216632052921153-1.2%
Average912579727427-9.8%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($21,153 per tonne), while India ($3,600 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Canada160371675215055-3.1%
Germany1047310649117726.0%
United States104479407116665.7%
France114561139110779-3.0%
Netherlands967394109479-1.0%
Poland8772812989591.1%
Spain8624762087430.7%
United Kingdom913790248730-2.3%
Belgium989989708668-6.4%
Mexico860389667747-5.1%
Russia629061845820-3.8%
India517865225082-0.9%
Indonesia436945354336-0.4%
Average849882158406-0.5%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Canada ($15,055 per tonne), while Indonesia ($4,336 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Hand Tools - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States3.83.73.7-1.4%
Germany1.61.61.60.3%
Netherlands0.80.80.97.1%
France0.90.80.9-1.2%
United Kingdom0.80.80.7-3.9%

In value terms, the United States ($3.7B) constitutes the largest market for imported hand tools worldwide, comprising 19% of global imports. The second position in the ranking was occupied by Germany ($1.6B), with a 8.3% share of global imports. It was followed by the Netherlands, with a 4.5% share.

In the United States, hand tools imports contracted by an average annual rate of -1.4% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+0.3% per year) and the Netherlands (+7.1% per year).

Hand Tools - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China6.77.37.76.8%
Taiwan (Chinese)2.42.42.3-1.5%
Germany2.62.42.3-5.1%
United States1.41.41.2-10.0%
Netherlands0.60.60.711.5%

In value terms, China ($7.7B) remains the largest hand tools supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Taiwan (Chinese) ($2.3B), with a 11% share of global exports. It was followed by Germany, with a 11% share.

In China, hand tools exports increased at an average annual rate of +6.8% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-1.5% per year) and Germany (-5.1% per year).

Hand Tools - Market Forecast

Driven by rising demand for hand tools worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Hand Tools - Top Companies

POSCO, Federal-Mogul Holdings LLC, The Black & Decker Corporation, A T I Funding Corporation, ATI Operating Holdings, LLC, Husqvarna AB, The Gillette Company, Anyang Iron and Steel Co.,Ltd., Snap-On Incorporated, Edgewell Personal Care Brands, LLC, MAKITA CORPORATION, Yangquan coal industry group material distribution co., LTD., Edgewell Personal Care Company, Bc Mountain Holdings, Inc., Apex Tool Group, LLC, Tdy Holdings, LLC, Park-Ohio Holdings Corp., Park-Ohio Industries, Inc., Robert Bosch Tool Corporation, YAMABIKO CORPORATION

Hand Tools - Product Coverage

  • HS 8201 - Tools, hand; spades, shovels, mattocks, picks, hoes, forks, rakes; axes, bill hooks etc; secateurs and pruners of any kind; scythes, sickles, hay knives, hedge shears, timber wedges and other tools used in agriculture, horticulture, forestry
  • HS 8202 - Tools, hand; saws and blades for saws of all kinds (including slitting, slotting or toothless blades)
  • HS 8203 - Tools, hand; files, rasps, pliers (including cutting pliers), pincers, tweezers, metal cutting shears, pipe cutters, bolt croppers, perforating punches and similar
  • HS 8204 - Tools, hand; hand-operated spanners and wrenches (including torque meter wrenches but not including tap wrenches), interchangeable spanner sockets, with or without handles
  • HS 8205 - Tools, hand; (including glaziers' diamonds) n.e.s.; blow lamps; vices, clamps etc, not accessories for or parts of machine tools; anvils; portable forges; hand, pedal operated grinding wheels with frameworks
  • HS 8206 - Tools, hand; two or more of heading no. 8202 to 8205, put up in sets for retail sale
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World - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global hand tools market.

Southern Asia - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the hand tools market in Southern Asia.

South-Eastern Asia - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hand tools market in South-Eastern Asia.

Latin America and the Caribbean - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hand tools market in Latin America and the Caribbean.

Northern America - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hand tools market in Northern America.

Africa - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hand tools market in Africa.

Australia and Oceania - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hand tools market in Australia and Oceania.

Central Asia - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hand tools market in Central Asia.

Eastern Asia - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hand tools market in Eastern Asia.

Middle East - Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hand tools market in the Middle East.

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