Global Mechanical Hand Tools Market increasing industrialization, growing application industries, increasing demand from household applications – Forecast to 2023
Global Mechanical Hand Tools Market, By Type (Hand Service Tools, Edge Tools, Hand Saw And Others), By Application (Construction Industry, Decoration Industry, And Household Application), And Region – Forecast 2017-2023.
Pune, India – July 7, 2017 /MarketersMedia/ —
Mechanical hand tools are used in various technological process such as commercial and industrial sector. Mechanical hand tools are designed in such a way that it fulfils the task that is to be performed. They are manufactured by using highest grade materials, that ensures efficient and adhere to tolerance. The current manufacturing techniques require proper understanding of ergonomic design, tool shape, handles to improve grip possibilities and strength, and vibration health effects reducing injuries. The factor that are responsible for growth of mechanical hand tools market are growth in construction industry, growth in the furniture market, and increase use of capital goods in households. Mechanical hand tools are widely used in the construction industry. The rise in the manufacturing plants in which the hand tools are majorly used, will lead to the growth of this market.
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Market Research Analysis
North America is expected to account for the largest market of mechanical hand tool due to growth in the construction industry. The industrial sector is expected to grow and would increase in demand for professional hand tools kit, thus leading to the growth of the market. The growth of the U.S. construction industry, has been revived due to the federal policies such as reduced corporate tax, and will be retained in the future. Asia-Pacific is the second largest market that is expected to grow during the forecast period due to growth in the emerging economies and growing infrastructure. The global mechanical hand tools market is expected to grow at a CAGR of 3.67 % during the forecast period.
Scope of the Report
This study provides an overview of the global mechanical hand tools market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global mechanical hand tools market by its type, application, and by region.
By Types
• Edge Tools
• Hand Service Tools
• Handsaw
• Others
By Application
• Construction Industry
• Decoration Industry
• Household Application
By Region
• North America
• Europe
• Asia Pacific
• Rest of the World
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The major players operating in this market, who have adopted these strategies, are
• Robert Bosch Tool Corporation (U.S)
• Stanley Black & Decker, Inc (U.S.)
• Snap-on (U.S.)
• TOYA SA (Poland)
• Metabowerke GmbH (Germany)
• Hilti Corporation (Liechtenstein)
• Techtronic Industries Co. Ltd (TTI) (Hong Kong)
• Makita Corporation (U.S.)
• Wurth Group (Germany)
• Klein Tools (U.S.)
The report for Global Mechanical Hand Tools Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Table of Contents
1 Executive Summary 12
2 Introduction 14
2.1 Definition 14
2.2 Scope of the Study 14
2.3 Assumptions 14
2.4 Market Structure 15
3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17
4 Market Dynamics 20
4.1 Introduction 20
4.2 Impact Analysis 20
4.3 Market Drivers 21
4.3.1 growth in construction industry 21
4.3.2 Growth in the furniture market 21
4.3.3 Increase use of capital goods in households 22
4.4 Restraints 22
4.4.1 Power Tools Replacing Traditional Hand Tools 22
4.4.2 Fluctuation In Raw Material Prices 23
4.5 Opportunities 23
4.5.1 Broader Scope In Developing Nation 23
5 Market Factor Analysis 24
5.1 Porter’s Five Forces Analysis 24
5.1.1 Threat of New Entrants 24
5.1.2 Bargaining Power of Suppliers 24
5.1.3 Bargaining Power of Buyers 25
5.1.4 Threat of Substitutes 25
5.1.5 Rivalry 25
5.2 Supply Chain Analysis 25
6 Global mechanical Hand Tools Market, By Type 27
6.1 Overview 27
6.1.1 Edge Tools 29
6.1.2 Hand service tools 29
6.1.3 Handsaw 29
6.1.4 Other 29
7 Global Mechanical Hand Tools Market, By Application 30
7.1 Overview 31
7.1.1 Construction Industry 32
7.1.2 Decoration Industry 32
7.1.3 Household Application 32
8 Global Mechanical Hand Tools Market, By Region 33
8.1 Introduction 34
8.2 North America 35
8.2.1 US 37
8.2.2 Canada 38
8.3 Europe 40
8.3.1 Germany 42
8.3.2 UK 44
8.3.3 France 45
8.3.4 Italy. 47
8.3.5 Rest of Europe 48
8.4 Asia-Pacific 50
8.4.1 China 52
8.4.2 Japan 54
8.4.3 India 55
8.4.4 Rest of Asia-Pacific 57
8.5 Rest of the World 58
8.5.1 Latin America 61
8.5.2 Middle East & Africa 62
9 Competitive Scenario 64
9.1 Overview 64
9.1.1 Merger & Acquisition 65
9.1.2 Product Development 65
10 Company Profiles 66
10.1 Robert Bosch Tool Corporation 66
10.1.1 Company Overview 66
10.1.2 Financial Overview 66
10.1.3 Product/Service Offering 67
10.1.4 Strategy 67
10.2 Stanley Black & Decker, Inc. 69
10.2.1 Company Overview 69
10.2.2 Financial Overview 69
10.2.3 Product/Service Offering 70
10.2.4 Strategy 71
10.2.5 Strategic Development 71
10.3 Snap-on 73
10.3.1 Company Overview 73
10.3.2 Financial Overview 73
10.3.3 Product/Service Offering 74
10.3.4 Strategy 74
10.3.5 Chart: Strategic Development 74
10.4 TOYA SA 76
10.4.1 Company Overview 76
10.4.2 Financial Overview 76
10.4.3 Product/Service Offering 77
10.4.4 Strategy 78
10.5 Metabowerke GmbH 79
10.5.1 Company Overview 79
10.5.2 Financial Overview 79
10.5.3 Product/Service Offering 80
10.5.4 Strategy 80
10.6 Hilti Corporation 81
10.6.1 Company Overview 81
10.6.2 Financial Overview 81
10.6.3 Product/Service Offering 82
10.6.4 Strategy 82
10.7 Techtronic Industries Co. Ltd(TTI) 84
10.7.1 Company Overview 84
10.7.2 Financial Overview 84
10.7.3 Product/Service Offering 85
10.7.4 Strategy 86
10.8 Makita Corporation 87
10.8.1 Company Overview 87
10.8.2 Financial Overview 87
10.8.3 Product/Service Offering 88
10.8.4 Strategy 88
10.9 Wurth Group 89
10.9.1 Company Overview 89
10.9.2 Financial Overview 89
10.9.3 Product/Service Offering 90
10.9.4 Strategy 90
10.10 Klein Tools 91
10.10.1 Company Overview 91
10.10.2 Financial Overview 91
10.10.3 Product/ Service Offering 92
10.10.4 Strategy 92
11 Conclusion 93
Contact Info:
Name: Akash Anand
Email: Akash.Anand@Marketresearchfuture.Com
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