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World - Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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Global Hand Tools Market Overview 2021

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Hand Tools Market Size

After two years of growth, the global hand tools market decreased by -X% to $X in 2019. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X, and then contracted modestly in the following year.

Hand Tools Production

In value terms, hand tools production expanded slightly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, global production reached the peak level in 2019 and is expected to retain growth in the immediate term.

Production By Country

The country with the largest volume of hand tools production was China (X tonnes), accounting for X% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (X tonnes), tenfold. Italy (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China amounted to +X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+X% per year) and Italy (+X% per year).

Hand Tools Exports

Exports

In 2019, overseas shipments of hand tools decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, global exports reached the maximum at X tonnes in 2017; afterwards, it flattened through to 2019.

In value terms, hand tools exports reached $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Over the period under review, global exports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in hand tools exports structure, amounting to X tonnes, which was approx. X% of total exports in 2019. Taiwan (Chinese) (X tonnes) took the second position in the ranking, followed by Germany (X tonnes). All these countries together took near X% share of total exports. India (X tonnes), Italy (X tonnes), the Netherlands (X tonnes), the U.S. (X tonnes), Mexico (X tonnes) and Belgium (X tonnes) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2019. At the same time, Mexico (+X%), the Netherlands (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Italy, Taiwan (Chinese) and India experienced a relatively flat trend pattern. By contrast, Germany (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global exports, while the U.S. and Germany saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, hand tools exports increased at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

In 2019, the average hand tools export price amounted to $X per tonne, flattening at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum in 2019 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Hand Tools Imports

Imports

In 2019, approx. X tonnes of hand tools were imported worldwide; with an increase of X% compared with 2018. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, hand tools imports reduced slightly to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Global imports peaked at $X in 2018, and then reduced in the following year.

Imports by Country

In 2019, the U.S. (X tonnes), distantly followed by Germany (X tonnes) represented the key importers of hand tools, together committing X% of total imports. The following importers - the UK (X tonnes), France (X tonnes), Russia (X tonnes), the Netherlands (X tonnes), Poland (X tonnes), Spain (X tonnes), Belgium (X tonnes), Canada (X tonnes), Indonesia (X tonnes), Mexico (X tonnes) and Malaysia (X tonnes) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern with regard to volume of imports of hand tools. At the same time, Malaysia (+X%), Indonesia (+X%), Poland (+X%), Mexico (+X%), Russia (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. The Netherlands, Germany, France and Spain experienced a relatively flat trend pattern. By contrast, Canada (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of the U.S. (-X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hand tools worldwide, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2019, the average hand tools import price amounted to $X per tonne, dropping by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne, and then reduced in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand tools in the world?
+
The countries with the highest volumes of hand tools consumption in 2019 were China (577K tonnes), the U.S. (341K tonnes) and Japan (112K tonnes), with a combined 35% share of global consumption. These countries were followed by Italy, Germany, the UK, Brazil, Russia, France, Canada, Viet Nam, South Korea and Indonesia, which together accounted for a further 25%.
What are the largest producers of hand tools in the world?
+
The country with the largest volume of hand tools production was China (1.7M tonnes), comprising approx. 63% of total volume. Moreover, hand tools production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (176K tonnes), tenfold. The third position in this ranking was occupied by Italy (115K tonnes), with a 4.3% share.
What are the leading exporters of hand tools in the world?
+
In value terms, China ($7B) remains the largest hand tools supplier worldwide, comprising 35% of global exports. The second position in the ranking was occupied by Germany ($2.3B), with a 12% share of global exports. It was followed by Taiwan (Chinese), with a 9.2% share.
What are the leading importers of hand tools in the world?
+
In value terms, the U.S. ($3.7B) constitutes the largest market for imported hand tools worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Germany ($1.6B), with a 7.8% share of global imports. It was followed by France, with a 4.3% share.
What is the average export price for hand tools in the world?
+
In 2019, the average hand tools export price amounted to $9,253 per tonne, flattening at the previous year.
What is the average import price for hand tools in the world?
+
The average hand tools import price stood at $8,422 per tonne in 2019, shrinking by -5.9% against the previous year.

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:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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 2030
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 2007–2019
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 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
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, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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