GITNUX MARKETDATA REPORT 2024
Hand Tools Industry Statistics
Hand tools industry statistics show steady growth in revenue and market demand over the past few years, driven by increased construction and renovation activities globally.
In this post, we will explore a range of compelling statistics shaping the hand tools industry, offering insights into market size, revenue projections, regional trends, and key players within the sector. From the projected growth in global market value to the dominance of specific product segments, these statistics provide a comprehensive overview of the current landscape and future prospects of the hand tools industry. Stay tuned to uncover the data-driven narrative driving this dynamic market.
Statistic 1
"The global hand tools market is projected to reach $30.38 billion by 2028 from $22.15 billion in 2020, at a CAGR of 3.8%."
Statistic 2
"The general purpose tools segment is expected to dominate the market in terms of product, reaching a value of about $24.62 billion by 2028."
Statistic 3
"The commercial sector is predicted to demonstrate the fastest growth, in terms of adoption of hand tools in the future."
Statistic 4
"The demand for professional hand tools is expected to grow by 3.5% annually from 2021 to 2026."
Statistic 5
"The French hand tools market was valued at nearly $3.36 billion in 2017."
Statistic 6
"The US hand tools market is predicted to grow at a CAGR of 1.9% from 2015 to 2025."
Statistic 7
"Europe was the second largest region accounting for 23% of the global hand tool market."
Statistic 8
"Asia Pacific was the largest region in the global hand tools and cutlery market, accounting for 37% of the market in 2019."
Statistic 9
"The global hand tool market size by woodworking tools was valued at $3.32 million in 2018 and is expected to grow to $4.05 million by 2023."
Statistic 10
"By the end of 2026, over 260,000 tons of utility knives are expected to be sold globally."
Statistic 11
"In 2019, the hand tools market revenue in the U.S. reached approximately $8.58 billion."
Statistic 12
"In 2019, the hand tools manufacturing revenue in Turkey was approximately $71 million."
Statistic 13
"UK hand tool exports in the fourth quarter of 2018 had a value of around £70 million."
Statistic 14
"The U.S imports about $5.71 billion worth of hand tools annually."
Statistic 15
"Hand wrenches alone are expected to have a sales volume of over 50,000 tons by the end of 2028."
Statistic 16
"In 2021, Stanley Black & Decker held the largest share in the hand tools market with 9.1% of the market."
Statistic 17
"The market segment "Hand Tools" is expected to show a revenue growth of 4.1% in 2023."
Statistic 18
"Consumer hand tools market revenue will increase from $144 billion in 2022 to $152 billion in 2023 at a CAGR of 5.9%."
Statistic 19
"The industrial segment holds the highest growth prospect with an expected CAGR of 4.6% from 2019 to 2025."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
