TMCnet News

Global Hand Tools and Accessories Industry Report 2024-2030: Multitasking Hand Tools Grow in Prominence - U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 6.8% CAGR
[February 19, 2024]

Global Hand Tools and Accessories Industry Report 2024-2030: Multitasking Hand Tools Grow in Prominence - U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 6.8% CAGR

DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Hand Tools and Accessories - Global Strategic Business Report" report has been added to's offering.


Global Hand Tools and Accessories Market to Reach $29.2 Billion by 2030

The global market for Hand Tools and Accessories estimated at US$20 Billion in the year 2022, is projected to reach a revised size of US$29.2 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Mechanics` Service Tools, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$14.5 Billion by the end of the analysis period. Growth in the Edge Tools segment is estimated at 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 6.8% CAGR

The Hand Tools and Accessories market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.4 Billion by the year 2030.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments sharedby CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes


  • Influencer Market Insights
  • World Market Trajectories
  • Tools Industry: An Evolutionary Scan
  • Hand Tools Continue to be Relevant in the Modern Mechanical Era
  • Hand Tools & Accessories: Product Profile
  • Mechanics' Service Tools
  • Edge Tools
  • Other Hand Tools & Accessories
  • COVID-19 Impact on the Hand Tools Market
  • Global Market Outlook
  • Latest Trends Augmenting Demand for Hand Tools & Accessories
  • Segment Analysis
  • Developing Markets to Spearhead Future Growth
  • Competition
  • Competitive Market Presence - Strong/Active/Niche for Players Worldwide in 2023 (E)
  • Recent Market Activity


  • Trends & Developments Setting the Power Play Momentum for Hand Tools & Accessories
  • Occupational Ergonomics: The Primary Factor Driving Innovation in the Hand Tools Market
  • Multitasking Hand Tools Grow in Prominence
  • Focus on Productivity in Lightweight Manufacturing to Spur Demand for Intelligently Designed Hand tools
  • Broadening Horizons of Hand Tool Innovation Entail Exciting Future of Hand Tools
  • Hand Tools Hold the Upper Hand Stance with Awe-Inspiring Innovations
  • Companies Keep Afloat with Product Innovations
  • Non-Magnetic and Non-Sparking Hand tools Make Perfect Sense for High Energy and Electrical Component Applications
  • Market Set to Benefit from Advances in Hand Tools' Production Technology
  • Hand Tools Continue to Find Use in Industrial Applications
  • Machinery Maintenance & Heavy Equipment Repair Supports Demand for Mechanic's Service Tools in the Industrial Sector
  • Automotive Repair & Maintenance Services Demand Determines Growth in Vehicle Mechanics Tools Market
  • Advances in Specialty Tools for Automotive Industry
  • Aircraft MRO: A Major Market for Aviation General Mechanic's Tools
  • Construction Industry Trends Determine Demand for Tools Used by Construction Workers
  • DIY Home Improvement, Gardening and Landscaping: Potential for Growth in the Hand tools Market
  • Household and DIY Hand Tools Market Poised for Robust Growth
  • Commercial Carpentry: Hand Tools Face Stiff Challenge from Power Tools
  • HVAC Tools Trends towards Technological Sophistication for Better Functions
  • Insulated Hand Tools: An Imperative Arsenal of a Well-Equipped Toolbox for Electrical Work
  • Primary Advantages of Insulated Hand Tools
  • Role of Insulated Hand Tools in Electrical Safety
  • Testing & Certification for Insulated Hand Tools
  • An Insight into Metalworking Hand Tools Market
  • Intelligent CAD Technology Enables the Development of Ergonomically Designed Hand Tools
  • Materials Used in Manufacture of Hand Tools - An Overview
  • E-Retailing Expands Growth Opportunities
  • Competition from Power Tools: A Market Dampener

FOCUS ON SELECT PLAYERS (Total 261 Featured)

  • Kennametal, Inc.
  • Lenox Corporation
  • Malco Products, Inc.
  • Apex Tool Group LLC
  • Channellock, Inc.
  • Gedore UK
  • General Tools & Instruments LLC
  • Great Neck Saw
  • J.K. Files (India) Ltd.
  • Lowe`s Companies, Inc.
  • Aimco Global
  • Central Tools, Inc.
  • Harbor Freight Tools
  • 3d Signals
  • Cromwell Group (Holdings) Limited

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected] 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716


Cision View original content:

SOURCE Research and Markets

[ Back To's Homepage ]