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World - Interchangeable Tools For Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
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Global Interchangeable Tool Market Overview 2021

Interchangeable Tool Market Size

In 2019, the global interchangeable tool market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value 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 2011 when the market value increased by X% y-o-y. Global consumption peaked in 2019 and is likely to see steady growth in the near future.

Interchangeable Tool Production

In value terms, interchangeable tool production reached $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. Over the period under review, global production attained the maximum level in 2019 and is expected to retain growth in the near future.

Production By Country

China (X units) remains the largest interchangeable tool producing country worldwide, accounting for X% of total volume. Moreover, interchangeable tool production in China exceeded the figures recorded by the second-largest producer, the U.S. (X units), fourfold. The third position in this ranking was occupied by Japan (X units), with a X% share.

In China, interchangeable tool production increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Japan (+X% per year).

Interchangeable Tool Exports

Exports

In 2019, the amount of interchangeable tools for hand tools exported worldwide amounted to X units, standing approx. at 2018. Over the period under review, total exports indicated measured growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, global exports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, interchangeable tool exports fell to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Global exports peaked at $X in 2018, and then reduced in the following year.

Exports by Country

In 2019, China (X units) represented the key exporter of interchangeable tools for hand tools, mixing up X% of total exports. South Korea (X units) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Germany (X%), Japan (X%) and Spain (X%). The following exporters - Italy (X units), the U.S. (X units), Taiwan (Chinese) (X units) and the Czech Republic (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2019. At the same time, Spain (+X%), the Czech Republic (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Taiwan (Chinese), Italy, the U.S., Germany and Japan experienced a relatively flat trend pattern. While the share of China (+X p.p.), South Korea (+X p.p.) and Spain (+X p.p.) increased significantly in terms of the global exports from 2007-2019, the share of the U.S. (-X p.p.), Italy (-X p.p.), Japan (-X p.p.) and Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest interchangeable tool supplying countries worldwide were Germany ($X), China ($X) and Japan ($X), with a combined X% share of global exports.

In terms of the main exporting countries, China saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average interchangeable tool export price stood at $X per unit in 2019, reducing by -X% against the previous year. In general, the export price showed a mild downturn. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. Global export price peaked at $X per unit in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

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. ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2007 to 2019, 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.

Interchangeable Tool Imports

Imports

In 2019, overseas purchases of interchangeable tools for hand tools increased by X% to X units, rising for the third year in a row after two years of decline. Overall, total imports indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, global imports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, interchangeable tool imports fell to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Global imports peaked at $X in 2018, and then fell in the following year.

Imports by Country

The purchases of the three major importers of interchangeable tools for hand tools, namely the U.S., Germany and China, represented more than X% of total import. Mexico (X units), Spain (X units), Canada (X units), Russia (X units), France (X units), Thailand (X units), Indonesia (X units), the UK (X units), Japan (X units) and Brazil (X units) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Indonesia, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of global imports. Mexico, Canada, France, Japan, Thailand, Russia, the UK, Spain, Brazil and Indonesia lagged somewhat behind, together comprising a further X the main importing countries, Mexico recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average interchangeable tool import price amounted to $X per unit, which is down by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Global import price peaked at $X per unit in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was the U.S. ($X per unit), while Indonesia ($X per unit) 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 interchangeable tools for hand tools in the world?
+
China (534M units) constituted the country with the largest volume of interchangeable tool consumption, comprising approx. 27% of total volume. Moreover, interchangeable tool consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (257M units), twofold. Germany (150M units) ranked third in terms of total consumption with a 7.6% share.
What are the largest producers of interchangeable tools for hand tools in the world?
+
The country with the largest volume of interchangeable tool production was China (771M units), accounting for 39% of total volume. Moreover, interchangeable tool production in China exceeded the figures recorded by the second-largest producer, the U.S. (202M units), fourfold. The third position in this ranking was occupied by Japan (191M units), with a 9.5% share.
What are the leading suppliers of interchangeable tools for hand tools in the world?
+
In value terms, the largest interchangeable tool supplying countries worldwide were Germany ($4.2B), China ($3.7B) and Japan ($2.3B), with a combined 44% share of global exports.
What are the leading importers of interchangeable tools for hand tools in the world?
+
In value terms, the U.S. ($3.1B), Germany ($2.2B) and China ($1.8B) were the countries with the highest levels of imports in 2019, together comprising 31% of global imports. Mexico, Canada, France, Japan, Thailand, Russia, the UK, Spain, Brazil and Indonesia lagged somewhat behind, together accounting for a further 26%.
What is the average export price for interchangeable tools for hand tools in the world?
+
In 2019, the average interchangeable tool export price amounted to $24 per unit, reducing by -6.9% against the previous year.
What is the average import price for interchangeable tools for hand tools in the world?
+
In 2019, the average interchangeable tool import price amounted to $24 per unit, which is down by -6.8% against the previous year.

Product coverage:
• Prodcom 25734014 - Tapping tools for working metal
• Prodcom 25734016 - Threading tools for working metal
• Prodcom 25734019 - Tapping or threading tools (excluding work and tool holders for machines or hand tools, for working metal)
• Prodcom 25734023 - Drilling tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
• Prodcom 25734025 - Masonry drills with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for rock drilling)
• Prodcom 25734027 - Drilling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
• Prodcom 25734031 - Drilling tools with working part of high speed steel, for working metal excluding work and tool holders for machines or hand tools - for rock drilling
• Prodcom 25734033 - Drilling tools with working part of materials other than diamond, agglomerated diamond or sintered metal carbide, f or working metal excluding with working part of high speed steel
• Prodcom 25734035 - Drilling tools (excluding work and tool holders for machines or hand tools, with working part of diamond or agglomerated diamond, for rock drilling, masonry drills, for working metal)
• Prodcom 25734037 - Boring or broaching tools with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools, for earth boring)
• Prodcom 25734044 - Boring tools for working metal, with working part of materials other than diamond or agglomerated diamond
• Prodcom 25734045 - Boring or broaching tools (excluding work and tool holders for machines or hand tools, with diamond or agglomerated diamond working parts, for working metal, for earth boring)
• Prodcom 25734048 - Broaching tools for working metal, with working part of materials other than diamond or agglomerated diamond
• Prodcom 25734050 - Milling tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
• Prodcom 25734061 - Shank type milling tools for working metal (excluding with working part of sintered metal carbide)
• Prodcom 25734065 -
• Prodcom 25734067 -
• Prodcom 25734069 - Milling tools (excluding for working metal)
• Prodcom 25734071 - Turning tools with working part of sintered metal carbide, for working metal excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
• Prodcom 25734074 - Turning tools for working metal, with working part of materials other than cermets
• Prodcom 25734079 - Turning tools (excluding work and tool holders for machines or hand tools, for working metal)
• Prodcom 25734081 - Other interchangeable tools of CN .82.07 with working part of diamond
• Prodcom 25734083 - Screwdriver bits with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
• Prodcom 25734085 - Gear-cutting tools with working part of materials other than diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
• Prodcom 25734087 - Interchangeable hand tools with working part of sintered metal carbide excluding unmounted sintered metal carbide plates, sticks, tips and the like for tools
• Prodcom 25734089 - Interchangeable tools in other materials
• Prodcom 25736013 - Rock drilling or earth boring tools with working part of cermets
• Prodcom 25736018 - Rock-drilling or earth-boring tools, interchangeable, and parts therefor, with working parts of materials other than sintered metal carbide or cermets
• Prodcom 25736023 - Dies for drawing or extruding metal, with working part of diamond or agglomerated diamond (excluding work and tool holders for machines or hand tools)
• Prodcom 25736024 - Dies for drawing or extruding metal (excluding unmounted plates, sticks, tips, rods, pellets, rings, etc. of sintered metal carbides or cermets)
• Prodcom 25736033 - Pressing, stamping or punching tools for working metal (excluding work and tool holders for machines or hand tools)
• Prodcom 25736039 - Pressing, stamping or punching tools (excluding work and tool holders for machines or hand tools, for working metal)

This report provides an in-depth analysis of the global interchangeable tool 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 2007–2020
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 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
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, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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