Table of Content

1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.2.1 INCLUSIONS & EXCLUSIONS 30
TABLE 1 HAND TOOLS & WOODWORKING TOOLS MARKET:
INCLUSIONS & EXCLUSIONS 30
1.3 STUDY SCOPE 31
1.3.1 SEGMENTS COVERED 31
FIGURE 1 HAND TOOLS & WOODWORKING TOOLS MARKET SEGMENTATION 31
FIGURE 2 HAND TOOLS & WOODWORKING TOOLS MARKET, BY REGION 31
1.3.2 YEARS CONSIDERED 32
1.4 CURRENCY CONSIDERED 32
1.5 LIMITATIONS 32
1.6 STAKEHOLDERS 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 3 HAND TOOLS & WOODWORKING TOOLS MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY & PRIMARY RESEARCH 35
2.1.2 SECONDARY DATA 35
2.1.2.1 List of major secondary sources 35
2.1.3 PRIMARY DATA 36
2.1.3.1 Primary interviews with experts 37
2.1.3.2 Key data from primary sources 37
2.1.3.3 Key industry insights 37
2.1.3.4 Breakdown of primaries 38
2.2 MARKET SIZE ESTIMATION 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY SIDE): REVENUE OF PRODUCTS OF HAND TOOLS & WOODWORKING TOOLS MARKET 38
2.2.1 BOTTOM-UP APPROACH 39
2.2.1.1 Approach for arriving at market share by bottom-up analysis
(demand side) 39
FIGURE 5 HAND TOOLS & WOODWORKING TOOLS MARKET: BOTTOM-UP APPROACH 40
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side) 40
FIGURE 6 HAND TOOLS & WOODWORKING TOOLS MARKET: TOP-DOWN APPROACH 41
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 41
FIGURE 7 DATA TRIANGULATION 41
2.4 RESEARCH ASSUMPTIONS 42
2.5 RISK ASSESSMENT 43
TABLE 2 LIMITATIONS & ASSOCIATED RESULTS 43
3 EXECUTIVE SUMMARY 44
FIGURE 8 COVID-19 IMPACT ANALYSIS ON THE HAND TOOLS &
WOODWORKING TOOLS MARKET 45
3.1 REALISTIC SCENARIO 45
3.2 PESSIMISTIC SCENARIO 45
3.3 OPTIMISTIC SCENARIO 45
FIGURE 9 WRENCHES TO ACCOUNT FOR THE LARGEST HAND TOOLS SHARE IN 2021 46
FIGURE 10 RESIDENTIAL/DIY USAGE EXPECTED TO GROW AT A HIGHER CAGR
DURING THE FORECAST PERIOD 47
FIGURE 11 OFFLINE DISTRIBUTION CHANNEL WAS LARGELY ADOPTED FOR
HAND TOOLS IN 2021 47
FIGURE 12 NORTH AMERICA TO HOLD THE LARGEST SHARE OF THE HAND TOOLS & WOODWORKING TOOLS MARKET IN 2021 48
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR THE HAND TOOLS &
WOODWORKING TOOLS MARKET 50
FIGURE 13 HAND TOOLS & WOODWORKING TOOLS MARKET TO EXPERIENCE HUGE GROWTH OPPORTUNITIES IN APAC 50
4.2 HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER 50
FIGURE 14 MARKET FOR RESIDENTIAL/DIY USES IS EXPECTED TO GROW AT A HIGHER CAGR BETWEEN 2021 AND 2026 50
4.3 HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE 51
FIGURE 15 WRENCHES TO ACCOUNT FOR THE LARGEST SHARE OF THE HAND TOOLS & WOODWORKING TOOLS MARKET BY 2026 51
4.4 HAND TOOLS & WOODWORKING TOOLS MARKET, BY DISTRIBUTION CHANNEL 51
FIGURE 16 ONLINE DISTRIBUTION CHANNEL TO GROW AT A HIGHER CAGR BETWEEN 2021 AND 2026 51
4.5 HAND TOOLS & WOODWORKING TOOLS MARKET, BY REGION 52
FIGURE 17 NORTH AMERICA TO BE THE LARGEST HAND TOOLS &
WOODWORKING TOOLS MARKET BY 2026 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 18 GLOBAL HAND TOOLS & WOODWORKING TOOLS MARKET DYNAMICS 53
5.2.1 DRIVERS 54
5.2.1.1 Increasing commercial as well as residential construction and infrastructure projects 54
5.2.1.2 Growing adoption of hand tools in households for
residential/DIY purposes 54
5.2.1.3 Growing manufacturing setups and increasing repair and maintenance operations 55
FIGURE 19 DRIVERS OF GLOBAL HAND TOOLS & WOODWORKING TOOLS
MARKET AND THEIR IMPACT 55
5.2.2 RESTRAINTS 56
5.2.2.1 Increase in safety risks and concerns due to improper use
of hand tools 56
FIGURE 20 RESTRAINTS OF GLOBAL HAND TOOLS & WOODWORKING TOOLS
MARKET AND THEIR IMPACT 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Variable-size/Multitasking single tools that cater to multiple operations might increase the demand for hand tools 56
5.2.3.2 Increase in hand tool automation to reduce physical work might boost hand tool usage 57
FIGURE 21 OPPORTUNITIES OF GLOBAL HAND TOOLS & WOODWORKING TOOLS MARKET AND THEIR IMPACT 57
5.2.4 CHALLENGES 58
5.2.4.1 Lack of all-specification/dimension hand tools to be prepared for every possible area of application 58
FIGURE 22 CHALLENGES OF GLOBAL HAND TOOLS & WOODWORKING TOOLS
MARKET AND THEIR IMPACT 58
5.3 VALUE CHAIN ANALYSIS 58
FIGURE 23 HAND TOOLS & WOODWORKING TOOLS MARKET: VALUE CHAIN 59
5.3.1 RAW MATERIAL SUPPLIERS 59
5.3.2 HAND TOOL MANUFACTURERS & ASSEMBLERS 59
5.3.3 HAND TOOL RETAILERS/DISTRIBUTORS 59
5.3.4 END USERS 60
5.4 ECOSYSTEM 60
FIGURE 24 GLOBAL HAND TOOLS & WOODWORKING TOOLS MARKET: ECOSYSTEM 60
TABLE 3 HAND TOOLS & WOODWORKING TOOLS MARKET: ECOSYSTEM 61
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 62
5.5.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR HAND & WOODWORKING TOOL MANUFACTURERS 62
FIGURE 25 REVENUE SHIFT FOR HAND TOOLS AND WOODWORKING TOOLS MARKET 62
5.6 PORTER’S FIVE FORCES ANALYSIS 63
TABLE 4 PORTER’S 5 FORCES IMPACT ON THE HAND TOOLS &
WOODWORKING TOOLS MARKET 63
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS: HAND TOOLS &
WOODWORKING TOOLS MARKET 63
5.6.1 THREAT FROM NEW ENTRANTS 64
5.6.2 THREAT OF SUBSTITUTES 64
5.6.3 BARGAINING POWER OF SUPPLIERS 64
5.6.4 BARGAINING POWER OF BUYERS 64
5.6.5 INTENSITY OF COMPETITION RIVALRY 64
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5.7 CASE STUDY ANALYSIS 65
5.7.1 MILLENNIUM CONTROL SYSTEMS USED RIDGID RE 6 ELECTRICAL TOOL
BY EMERSON ELECTRIC FOR DRILLING QUICK AND EFFICIENT HOLES 65
5.7.2 E.M. DUGGAN USED RIDGID B-500 BEVELLER BY EMERSON
ELECTRIC FOR CUTTING BEVELS 65
5.8 TECHNOLOGY TRENDS 65
5.8.1 BRUSHLESS DC MOTORS 66
5.8.2 CONNECTED ASSEMBLY POWER TOOLS 66
5.8.3 WIRELESS CHARGING 66
5.8.4 PNEUMATIC TOOLS 66
5.8.5 HYDRAULIC TOOLS 67
5.8.6 POWER-ACTUATED TOOLS 67
5.9 PRICING ANALYSIS 67
5.10 PATENT ANALYSIS 68
FIGURE 27 ANALYSIS OF PATENTS GRANTED FOR HAND TOOLS &
WOODWORKING TOOLS MARKET 68
5.10.1 LIST OF FEW PATENTS IN THE HAND TOOLS & WOODWORKING
TOOLS MARKET, 2019-20 69
5.11 TRADE ANALYSIS 71
5.11.1 EXPORT SCENARIO OF HAND TOOLS 71
FIGURE 28 HAND TOOLS EXPORT, BY KEY COUNTRY, 2016–2020 (USD MILLION) 71
5.11.2 IMPORT SCENARIO OF HAND TOOLS 71
FIGURE 29 HAND TOOLS IMPORT, BY KEY COUNTRY, 2016–2020 (USD MILLION) 72
5.12 MARKET STANDARDS 72
5.12.1 ANSI (AMERICAN NATIONAL STANDARDS INSTITUTE) STANDARDS
FOR HAND TOOLS 72
5.12.2 JIS (JAPANESE INDUSTRIAL STANDARDS) FOR HAND TOOLS 73
5.12.3 DIN (DEUTSCHES INSTITUT F?R NORMUNG) STANDARDS FOR HAND TOOLS 73
5.12.4 OSHA 73
6 HAND TOOLS & WOODWORKING TOOLS MARKET, BY DISTRIBUTION CHANNEL 74
6.1 INTRODUCTION 75
FIGURE 30 HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL 75
FIGURE 31 THE ONLINE SEGMENT TO ACCOUNT FOR A LARGER MARKET SIZE IN 2021 75
TABLE 5 HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2017–2020 (USD MILLION) 75
TABLE 6 HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2021–2026 (USD MILLION) 76
6.2 OFFLINE/RETAIL 76
6.2.1 OFFLINE/RETAIL CHANNEL ACCOUNTING FOR A LARGER MARKET SHARE 76
TABLE 7 OFFLINE/RETAIL: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY REGION, 2017–2020 (USD MILLION) 76
TABLE 8 OFFLINE/RETAIL: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY REGION, 2021–2026 (USD MILLION) 77
6.2.2 COVID-19 IMPACT ON THE RETAIL CHANNEL 77
6.3 ONLINE 77
6.3.1 ONLINE CHANNEL EXPECTED TO ACHIEVE A HIGHER GROWTH RATE 77
TABLE 9 ONLINE: HAND TOOLS & WOODWORKING TOOLS MARKET, BY REGION, 2017–2020 (USD MILLION) 78
TABLE 10 ONLINE: HAND TOOLS & WOODWORKING TOOLS MARKET, BY REGION, 2021–2026 (USD MILLION) 78
6.3.2 COVID-19 IMPACT ON THE ONLINE CHANNEL 79
7 HAND TOOLS MARKET, BY TYPE 80
7.1 INTRODUCTION 81
FIGURE 32 HAND TOOLS MARKET, BY TYPE 81
FIGURE 33 THE WRENCHES MARKET TO ACCOUNT FOR THE LARGEST SHARE IN 2021 81
TABLE 11 HAND TOOLS MARKET, BY TYPE, 2017–2020 (USD MILLION) 82
TABLE 12 HAND TOOLS MARKET, BY TYPE, 2021–2026 (USD MILLION) 82
7.2 CHISELS 83
7.2.1 PRECISION IN CUTTING OPERATIONS 83
TABLE 13 HAND TOOLS MARKET FOR CHISELS, BY END USER,
2017–2020 (USD MILLION) 83
TABLE 14 HAND TOOLS MARKET FOR CHISELS, BY END USER,
2021–2026 (USD MILLION) 83
TABLE 15 HAND TOOLS MARKET FOR CHISELS, BY REGION,
2017–2020 (USD MILLION) 83
TABLE 16 HAND TOOLS MARKET FOR CHISELS, BY REGION,
2021–2026 (USD MILLION) 84
7.3 HAMMERS 84
7.3.1 EXPLICIT GROWTH IN THE CONSTRUCTION INDUSTRY DRIVING THE DEMAND 84
TABLE 17 HAND TOOLS MARKET FOR HAMMERS, BY END USER,
2017–2020 (USD MILLION) 84
TABLE 18 HAND TOOLS MARKET FOR HAMMERS, BY END USER,
2021–2026 (USD MILLION) 85
TABLE 19 HAND TOOLS MARKET FOR HAMMERS, BY REGION,
2017–2020 (USD MILLION) 85
TABLE 20 HAND TOOLS MARKET FOR HAMMERS, BY REGION,
2021–2026 (USD MILLION) 85
7.4 SAWS 86
7.4.1 EASE AND PRECISION IN CUTTING OPERATIONS 86
TABLE 21 HAND TOOLS MARKET FOR SAWS, BY END USER, 2017–2020 (USD MILLION) 86
TABLE 22 HAND TOOLS MARKET FOR SAWS, BY END USER, 2021–2026 (USD MILLION) 86
TABLE 23 HAND TOOLS MARKET FOR SAWS, BY REGION, 2017–2020 (USD MILLION) 86
TABLE 24 HAND TOOLS MARKET FOR SAWS, BY REGION, 2021–2026 (USD MILLION) 87
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7.5 PLIERS 87
7.5.1 INCREASING USE OF PLIERS FOR ELECTRIFICATION WORKS 87
TABLE 25 HAND TOOLS MARKET FOR PLIERS, BY END USER,
2017–2020 (USD MILLION) 87
TABLE 26 HAND TOOLS MARKET FOR PLIERS, BY END USER,
2021–2026 (USD MILLION) 87
TABLE 27 HAND TOOLS MARKET FOR PLIERS, BY REGION, 2017–2020 (USD MILLION) 88
TABLE 28 HAND TOOLS MARKET FOR PLIERS, BY REGION, 2021–2026 (USD MILLION) 88
7.6 WRENCHES 88
7.6.1 RAPIDLY DEVELOPING AUTOMOTIVE INDUSTRY 88
TABLE 29 HAND TOOLS MARKET FOR WRENCHES, BY END USER,
2017–2020 (USD MILLION) 88
TABLE 30 HAND TOOLS MARKET FOR WRENCHES, BY END USER,
2021–2026 (USD MILLION) 89
TABLE 31 HAND TOOLS MARKET FOR WRENCHES, BY REGION,
2017–2020 (USD MILLION) 89
TABLE 32 HAND TOOLS MARKET FOR WRENCHES, BY REGION,
2021–2026 (USD MILLION) 89
7.7 SCREWDRIVERS 90
7.7.1 RISING INDUSTRIAL REPAIR AND MAINTENANCE OPERATIONS DEMANDING NEED FOR SPECIFIC SCREWDRIVERS 90
TABLE 33 HAND TOOLS MARKET FOR SCREWDRIVERS, BY END USER,
2017–2020 (USD MILLION) 90
TABLE 34 HAND TOOLS MARKET FOR SCREWDRIVERS, BY END USER,
2021–2026 (USD MILLION) 90
TABLE 35 HAND TOOLS MARKET FOR SCREWDRIVERS, BY REGION,
2017–2020 (USD MILLION) 90
TABLE 36 HAND TOOLS MARKET FOR SCREWDRIVERS, BY REGION,
2021–2026 (USD MILLION) 91
7.8 OTHERS 91
TABLE 37 HAND TOOLS MARKET FOR OTHERS, BY END USER,
2017–2020 (USD MILLION) 91
TABLE 38 HAND TOOLS MARKET FOR OTHERS, BY END USER,
2021–2026 (USD MILLION) 91
TABLE 39 HAND TOOLS MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION) 92
TABLE 40 HAND TOOLS MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION) 92
7.8.1 BLOCK PLANE 92
7.8.2 HAND DRILL 92
7.8.3 LEVEL 93
7.8.4 SCRAPPERS/GRINDERS/SANDERS 93
7.8.5 SOCKETS 93
7.8.6 NAIL SETS 93
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8 WOODWORKING TOOLS & EQUIPMENT, BY TYPE 94
8.1 INTRODUCTION 95
FIGURE 34 WOODWORKING TOOLS MARKET, BY TYPE 95
FIGURE 35 CHISELS SEGMENT TO ACCOUNTED FOR THE LARGEST SHARE IN
THE MARKET IN 2021 95
TABLE 41 WOODWORKING TOOLS MARKET, BY TYPE, 2017–2020 (USD MILLION) 96
TABLE 42 WOODWORKING TOOLS MARKET, BY TYPE, 2021–2026 (USD MILLION) 96
8.2 WOODWORKING TOOLS 97
8.2.1 CHISELS 97
8.2.1.1 Optimal use of chisels for cutting, dressing, and shaping, in woodworking operations 97
8.2.2 HAMMERS 97
8.2.2.1 Claw hammers - The most used hammers by woodworkers/carpenters 97
8.2.3 SAWS 97
8.2.3.1 Most traditional wood-cutting tools that deliver clean cuts and notches dominate the woodcutting tools market 97
8.2.4 PLIERS 97
8.2.4.1 Pliers - The most dependent gripping, cutting, and bending tool 97
8.2.5 SCREWDRIVERS 98
8.2.5.1 Rising demand for woodworking operations driving the
demand for screwdrivers 98
8.2.6 OTHERS 98
8.2.6.1 Block plane 98
8.2.6.2 Hand drill 98
8.2.6.3 Level 98
8.2.6.4 Scrappers/Grinders/Sanders 99
8.2.6.5 Nail sets 99
8.3 WOODWORKING EQUIPMENT 99
8.3.1 CNC ROUTER 99
8.3.2 CUTTING MACHINE 99
8.3.3 DUST COLLECTOR 100
8.3.4 PLANERS 100
8.3.5 SANDERS 100
TABLE 43 WOODWORKING EQUIPMENT MARKET, BY TYPE, 2017–2020 (USD MILLION) 100
TABLE 44 WOODWORKING EQUIPMENT MARKET, BY TYPE, 2021–2026 (USD MILLION) 101
9 HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER 102
9.1 INTRODUCTION 103
FIGURE 36 HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER 103
FIGURE 37 PROFESSIONAL APPLICATIONS TO HOLD THE LARGEST SHARE OF
THE HAND TOOLS & WOODWORKING TOOLS MARKET IN 2021 103
TABLE 45 HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER,
2017–2020 (USD MILLION) 104
TABLE 46 HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER,
2021–2026 (USD MILLION) 104
9.2 PROFESSIONAL USERS 104
TABLE 47 HAND TOOLS & WOODWORKING TOOLS MARKET FOR PROFESSIONAL USERS, BY TYPE, 2017–2020 (USD MILLION) 105
TABLE 48 HAND TOOLS & WOODWORKING TOOLS MARKET FOR PROFESSIONAL USERS, BY TYPE, 2021–2026 (USD MILLION) 105
TABLE 49 HAND TOOLS & WOODWORKING TOOLS MARKET FOR PROFESSIONAL USERS, BY REGION, 2017–2020 (USD MILLION) 105
TABLE 50 HAND TOOLS & WOODWORKING TOOLS MARKET FOR PROFESSIONAL USERS, BY REGION, 2021–2026 (USD MILLION) 106
9.2.1 COVID-19 IMPACT ON PROFESSIONAL USERS 106
9.3 RESIDENTIAL/DIY USERS 106
9.3.1 RISING TREND OF SELF-RELIANCE HAS SUPPORTED THE MARKET FOR
HAND TOOLS AMONG RESIDENTIAL/DIY END USERS 106
TABLE 51 HAND TOOLS & WOODWORKING TOOLS MARKET FOR
RESIDENTIAL/DIY USERS, BY TYPE, 2017–2020 (USD MILLION) 107
TABLE 52 HAND TOOLS & WOODWORKING TOOLS MARKET FOR
RESIDENTIAL/DIY USERS, BY TYPE, 2021–2026 (USD MILLION) 107
TABLE 53 HAND TOOLS & WOODWORKING TOOLS MARKET FOR
RESIDENTIAL/DIY USERS, BY REGION, 2017–2020 (USD MILLION) 107
TABLE 54 HAND TOOLS & WOODWORKING TOOLS MARKET FOR
RESIDENTIAL/DIY USERS, BY REGION, 2021–2026 (USD MILLION) 108
9.3.1.1 COVID-19 impact on residential/DIY users 108
10 HAND TOOLS & WOODWORKING TOOLS MARKET, BY REGION 109
10.1 INTRODUCTION 110
FIGURE 38 HAND TOOLS & WOODWORKING TOOLS MARKET, BY REGION 110
TABLE 55 HAND TOOLS & WOODWORKING TOOLS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 110
TABLE 56 HAND TOOLS & WOODWORKING TOOLS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 111
FIGURE 39 GEOGRAPHIC SNAPSHOT: HAND TOOLS & WOODWORKING TOOLS MARKET 111
10.2 NORTH AMERICA 112
10.2.1 IMPACT OF COVID-19 ON NORTH AMERICA 112
FIGURE 40 SNAPSHOT OF HAND TOOLS & WOODWORKING TOOLS MARKET
IN NORTH AMERICA 113
TABLE 57 NORTH AMERICA: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY COUNTRY, 2017–2020 (USD MILLION) 113
TABLE 58 NORTH AMERICA: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY COUNTRY, 2021–2026 (USD MILLION) 114
TABLE 59 NORTH AMERICA: HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE, 2017–2020 (USD MILLION) 114
TABLE 60 NORTH AMERICA: HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE, 2021–2026 (USD MILLION) 114
TABLE 61 NORTH AMERICA: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY END USER, 2017–2020 (USD MILLION) 115
TABLE 62 NORTH AMERICA: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY END USER, 2021–2026 (USD MILLION) 115
TABLE 63 NORTH AMERICA: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2017–2020 (USD MILLION) 115
TABLE 64 NORTH AMERICA: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2021–2026 (USD MILLION) 115
10.2.2 UNITED STATES 116
10.2.2.1 United States to hold the largest share in North America due to rapid industrial development 116
10.2.3 CANADA 116
10.2.3.1 Growth of Canadian market to be driven by expanding of the infrastructure industry 116
10.2.4 MEXICO 117
10.2.4.1 Widespread adoption of hand tools in the construction industry is driving market growth in Mexico 117
10.3 EUROPE 117
FIGURE 41 SNAPSHOT OF HAND TOOLS & WOODWORKING TOOLS MARKET IN EUROPE 118
TABLE 65 EUROPE: HAND TOOLS & WOODWORKING TOOLS MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 119
TABLE 66 EUROPE: HAND TOOLS & WOODWORKING TOOLS MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 119
TABLE 67 EUROPE: HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE,
2017–2020 (USD MILLION) 119
TABLE 68 EUROPE: HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE,
2021–2026 (USD MILLION) 120
TABLE 69 EUROPE: HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER, 2017–2020 (USD MILLION) 120
TABLE 70 EUROPE: HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER, 2021–2026 (USD MILLION) 120
TABLE 71 EUROPE: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2017–2020 (USD MILLION) 121
TABLE 72 EUROPE: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2021–2026 (USD MILLION) 121
10.3.1 IMPACT OF COVID-19 ON EUROPE 121
10.3.2 GERMANY 121
10.3.2.1 Strong and rapidly developing automotive industry driving the demand for hand tools in Germany 121
10.3.3 FRANCE 122
10.3.3.1 Home improvement activities, along with the highly developing aerospace industry, drive the demand for hand tools in France 122
10.3.4 UNITED KINGDOM 122
10.3.4.1 Construction industry to drive the demand for hand tools in the United Kingdom 122
10.3.5 ITALY 123
10.3.5.1 Furniture industry majorly driving the demand for hand tools in Italy 123
10.3.6 REST OF EUROPE 123
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10.4 APAC 123
FIGURE 42 SNAPSHOT OF HAND TOOLS & WOODWORKING TOOLS MARKET IN APAC 124
TABLE 73 APAC: HAND TOOLS & WOODWORKING TOOLS MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 125
TABLE 74 APAC: HAND TOOLS & WOODWORKING TOOLS MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 125
TABLE 75 APAC: HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE,
2017–2020 (USD MILLION) 125
TABLE 76 APAC: HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE,
2021–2026 (USD MILLION) 126
TABLE 77 APAC: HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER, 2017–2020 (USD MILLION) 126
TABLE 78 APAC: HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER, 2021–2026 (USD MILLION) 126
TABLE 79 APAC: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2017–2020 (USD MILLION) 127
TABLE 80 APAC: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2021–2026 (USD MILLION) 127
10.4.1 IMPACT OF COVID-19 ON APAC 127
10.4.2 CHINA 128
10.4.2.1 Woodworking industry to drive the hand tools & woodworking tools market in China 128
10.4.3 JAPAN 128
10.4.3.1 Rapidly developing infrastructure industry driving the demand for hand tools in Japan 128
10.4.4 INDIA 129
10.4.4.1 Rapid expansion of the construction industry in India to drive the demand for hand tools 129
10.4.5 SOUTH KOREA 129
10.4.5.1 Shipbuilding industry is a key driver of hand tools in South Korea 129
10.4.6 REST OF APAC 130
10.5 REST OF THE WORLD 130
10.5.1 IMPACT OF COVID-19 ON ROW 130
TABLE 81 ROW: HAND TOOLS & WOODWORKING TOOLS MARKET, BY COUNTRY,
2017–2020 (USD MILLION) 130
TABLE 82 ROW: HAND TOOLS & WOODWORKING TOOLS MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 131
TABLE 83 ROW: HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE,
2017–2020 (USD MILLION) 131
TABLE 84 ROW: HAND TOOLS & WOODWORKING TOOLS MARKET, BY TYPE,
2021–2026 (USD MILLION) 131
TABLE 85 ROW: HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER, 2017–2020 (USD MILLION) 132
TABLE 86 ROW: HAND TOOLS & WOODWORKING TOOLS MARKET, BY END USER, 2021–2026 (USD MILLION) 132
TABLE 87 ROW: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2017–2020 (USD MILLION) 132
TABLE 88 ROW: HAND TOOLS & WOODWORKING TOOLS MARKET,
BY DISTRIBUTION CHANNEL, 2021–2026 (USD MILLION) 132
10.5.2 SOUTH AMERICA 133
10.5.2.1 Industrial development in Brazil, Argentina, Chile, and Peru to drive the demand for hand tools in South America 133
10.5.3 MIDDLE EAST & AFRICA 133
10.5.3.1 UAE, Saudi Arabia, and South Africa are key driving countries in Middle East & Africa 133
11 COMPETITIVE LANDSCAPE 134
11.1 INTRODUCTION 134
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 134
11.2.1 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN THE HAND TOOLS AND WOODWORKING TOOLS MARKET 134
11.3 HAND TOOLS AND WOODWORKING TOOLS MARKET REVENUE ANALYSIS OF
TOP FIVE MARKET PLAYERS 136
FIGURE 43 REVENUE ANALYSIS OF KEY MARKET PLAYERS IN LAST FIVE YEARS 136
11.4 MARKET SHARE ANALYSIS 136
TABLE 89 HAND TOOLS AND WOODWORKING TOOLS MARKET:
DEGREE OF COMPETITION 137
TABLE 90 WOODWORKING TOOLS MARKET: DEGREE OF COMPETITION 137
11.5 COMPETITIVE EVALUATION QUADRANT, 2020 139
11.5.1 STAR 139
11.5.2 EMERGING LEADER 139
11.5.3 PERVASIVE 139
11.5.4 PARTICIPANTS 139
FIGURE 44 HAND TOOLS AND WOODWORKING TOOLS MARKET (GLOBAL):
COMPANY EVALUATION QUADRANT, 2020 140
11.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020 141
11.6.1 PROGRESSIVE COMPANY 141
11.6.2 RESPONSIVE COMPANY 141
11.6.3 DYNAMIC COMPANY 141
11.6.4 STARTING BLOCK 141
FIGURE 45 HAND TOOLS AND WOODWORKING TOOLS MARKET (GLOBAL):
SME EVALUATION QUADRANT, 2020 142
11.6.5 HAND TOOLS AND WOODWORKING TOOLS MARKET: COMPANY FOOTPRINT 143
TABLE 91 COMPANY PRODUCT FOOTPRINT 143
TABLE 92 COMPANY REGION FOOTPRINT 144
TABLE 93 COMPANY FOOTPRINT 145
11.7 COMPETITIVE SITUATIONS AND TRENDS 146
11.7.1 PRODUCT LAUNCHES 146
TABLE 94 HAND TOOLS AND WOODWORKING TOOLS MARKET:
PRODUCT LAUNCHES, FEB 2020–MARCH 2021 146
?
11.7.2 DEALS 147
TABLE 95 HAND TOOLS AND WOODWORKING TOOLS MARKET:
DEALS, JANUARY 2019–MARCH 2021 147
12 COMPANY PROFILES 148
12.1 KEY PLAYERS 148
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.1.1 STANLEY BLACK & DECKER, INC. 148
TABLE 96 STANLEY BLACK & DECKER, INC.: BUSINESS OVERVIEW 148
FIGURE 46 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT 149
TABLE 97 STANLEY BLACK & DECKER: PRODUCT OFFERINGS 149
TABLE 98 STANLEY BLACK & DECKER: EXPANSION 150
12.1.2 APEX TOOL GROUP LLC. 152
TABLE 99 APEX TOOL GROUP LLC.: BUSINESS OVERVIEW 152
TABLE 100 APEX TOOL GROUP LLC.: PRODUCT OFFERINGS 152
TABLE 101 APEX TOOL GROUP LLC.: PRODUCT LAUNCHES 153
12.1.3 SNAP-ON INCORPORATED 154
TABLE 102 SNAP-ON INCORPORATED: BUSINESS OVERVIEW 154
FIGURE 47 SNAP-ON INCORPORATED: COMPANY SNAPSHOT 155
TABLE 103 SNAP-ON INCORPORATED: PRODUCT OFFERINGS 155
12.1.4 TECHTRONIC INDUSTRIES CO. LTD. 157
TABLE 104 TECHTRONIC INDUSTRIES CO. LTD.: BUSINESS OVERVIEW 157
FIGURE 48 TECHTRONIC INDUSTRIES CO. LTD.: COMPANY SNAPSHOT 158
TABLE 105 TECHTRONIC INDUSTRIES CO. LTD.: PRODUCT OFFERINGS 158
12.1.5 KLEIN TOOLS, INC. 161
TABLE 106 KLEIN TOOLS, INC.: BUSINESS OVERVIEW 161
TABLE 107 KLEIN TOOLS, INC.: PRODUCT OFFERINGS 161
TABLE 108 KLEIN TOOLS, INC.: PRODUCT LAUNCHES 162
12.1.6 HUSQVARNA GROUP 164
TABLE 109 HUSQVARNA GROUP: BUSINESS OVERVIEW 164
FIGURE 49 HUSQVARNA GROUP: COMPANY SNAPSHOT 165
TABLE 110 HUSQVARNA GROUP: PRODUCT OFFERINGS 165
12.1.7 AKAR AUTO INDUSTRIES LTD. 166
TABLE 111 AKAR AUTO INDUSTRIES LTD.: BUSINESS OVERVIEW 166
FIGURE 50 AKAR AUTO INDUSTRIES LTD.: COMPANY SNAPSHOT 166
TABLE 112 AKAR AUTO INDUSTRIES LTD.: PRODUCT OFFERINGS 167
12.1.8 TAPARIA TOOLS LTD. 168
TABLE 113 TAPARIA TOOLS LTD.: BUSINESS OVERVIEW 168
FIGURE 51 TAPARIA TOOLS LTD.: COMPANY SNAPSHOT 168
TABLE 114 TAPARIA TOOLS LTD.: PRODUCT OFFERINGS 169
12.1.9 HANGZHOU GREAT STAR INDUSTRIAL CO. LTD. 170
TABLE 115 HANGZHOU GREAT STAR INDUSTRIAL CO. LTD.: BUSINESS OVERVIEW 170
TABLE 116 HANGZHOU GREAT STAR INDUSTRIAL CO. LTD.: PRODUCT OFFERINGS 170
12.1.10 TOYA S.A. 171
TABLE 117 TOYA S.A.: BUSINESS OVERVIEW 171
FIGURE 52 TOYA S.A.: COMPANY SNAPSHOT 172
TABLE 118 TOYA S.A.: PRODUCT OFFERINGS 172
12.1.11 IDEAL INDUSTRIES 173
TABLE 119 IDEAL INDUSTRIES: BUSINESS OVERVIEW 173
TABLE 120 IDEAL INDUSTRIES: PRODUCT OFFERINGS 173
12.1.12 MARTIN SPROCKET & GEAR, INC. 174
TABLE 121 MARTIN SPROCKET & GEAR, INC.: BUSINESS OVERVIEW 174
TABLE 122 MARTIN SPROCKET & GEAR, INC.: PRODUCT OFFERINGS 174
12.1.13 ROBERT BOSCH 175
TABLE 123 ROBERT BOSCH: BUSINESS OVERVIEW 175
FIGURE 53 ROBERT BOSCH: COMPANY SNAPSHOT 176
TABLE 124 ROBERT BOSCH: PRODUCT OFFERINGS 176
12.1.14 INGERSOLL RAND 177
TABLE 125 INGERSOLL RAND: BUSINESS OVERVIEW 177
FIGURE 54 INGERSOLL RAND: COMPANY SNAPSHOT 178
TABLE 126 INGERSOLL RAND: PRODUCT OFFERINGS 178
TABLE 127 INGERSOLL RAND: DEALS 179
12.1.15 JCBL LTD. 180
TABLE 128 JCBL LTD.: BUSINESS OVERVIEW 180
TABLE 129 JCBL LTD.: PRODUCT OFFERINGS 181
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 182
12.2.1 CHANNELLOCK, INC. 182
TABLE 130 CHANNELLOCK, INC.: COMPANY OVERVIEW 182
12.2.2 WRIGHT TOOL COMPANY 183
TABLE 131 WRIGHT TOOL COMPANY: COMPANY OVERVIEW 183
12.2.3 JETECH TOOL CO. LTD. 184
TABLE 132 JETECH TOOL CO. LTD.: COMPANY OVERVIEW 184
12.2.4 GRAY TOOLS CANADA INC. 185
TABLE 133 GRAY TOOLS CANADA INC.: COMPANY OVERVIEW 185
12.2.5 LIE-NIELSEN TOOLWORKS 186
TABLE 134 LIE-NIELSEN TOOLWORKS: COMPANY OVERVIEW 186
12.2.6 WERA TOOLS 187
TABLE 135 WERA TOOLS: COMPANY OVERVIEW 187
12.2.7 RIDGID TOOLS 188
TABLE 136 RIDGID TOOLS: COMPANY OVERVIEW 188
12.2.8 KIRCHHOFF GROUP 189
TABLE 137 KIRCHHOFF GROUP: COMPANY OVERVIEW 189
12.2.9 WINTEK TOOLS 190
TABLE 138 WINTEK TOOLS: COMPANY OVERVIEW 190
12.2.10 NINGBO GREAT WALL PRECISION INDUSTRIAL CO. LTD. 191
TABLE 139 NINGBO GREAT WALL PRECISION INDUSTRIAL CO. LTD.:
COMPANY OVERVIEW 191
13 ADJACENT & RELATED MARKETS 192
13.1 INTRODUCTION 192
13.2 LIMITATIONS 192
13.3 OUTDOOR POWER EQUIPMENT, BY POWER SOURCE 192
13.3.1 INTRODUCTION 192
TABLE 140 OUTDOOR POWER EQUIPMENT MARKET, BY POWER SOURCE,
2016–2024 (USD MILLION) 193
13.3.2 FUEL-POWERED 193
13.3.2.1 Gas-powered equipment to hold a larger size of the market
during the forecast period 193
TABLE 141 OUTDOOR POWER EQUIPMENT MARKET FOR FUEL-POWERED EQUIPMENT, BY EQUIPMENT TYPE, 2016–2024 (USD MILLION) 193
TABLE 142 OUTDOOR POWER EQUIPMENT MARKET FOR FUEL-POWERED EQUIPMENT, BY REGION, 2016–2024 (USD MILLION) 194
13.3.3 ELECTRIC-POWERED 194
TABLE 143 OUTDOOR POWER EQUIPMENT MARKET FOR ELECTRIC-POWERED EQUIPMENT, BY EQUIPMENT TYPE, 2016–2024 (USD MILLION) 194
TABLE 144 OUTDOOR POWER EQUIPMENT MARKET FOR ELECTRIC EQUIPMENT,
BY REGION, 2016–2024 (USD MILLION) 195
TABLE 145 OUTDOOR POWER EQUIPMENT MARKET FOR ELECTRIC EQUIPMENT, BY TYPE, 2016–2024 (USD MILLION) 195
13.3.3.1 Corded 196
13.3.3.1.1 Environmental regulations to drive the growth of the corded equipment market in coming years 196
13.3.3.2 Cordless 196
13.3.3.2.1 Rising adoption of battery-po