Report Description

The United States hand tools market size is anticipated to register an impressive CAGR during the forecast period. It is expected that the growing demand for tools with simple controls would increase tool output, accelerating industry growth. Additionally, the growing use of the hand tools in the aerospace, automotive, and manufacturing, metalworking, and other sectors could accelerate industry growth. Additionally, it is anticipated that increased manufacturing activity will increase sales of the hand tool Additionally, it is anticipated that the tools' affordability will draw customers. In the upcoming years, these elements might encourage market expansion.

The United States hand tools market refers to the market for hand-held tools used for various applications such as construction, woodworking, metalworking, and automotive repairs. Hand tools are manually operated tools that do not require any external power source, making them versatile, portable, and easy to use.

In order to cut down on time requirements and boost operational efficiency, tool manufacturers concentrate on creating high-performance, multifunctional tools. As more sectors use the product, producers are compelled to create effective and long-lasting tools. Additionally, the growing development of multipurpose tools is probably going to promote market growth. Additionally, producers want to provide innovations to draw in business expansion and increase the use of hand tools. These elements could fuel the expansion of the hand tool market.

Consumer desire for hand tools and equipment for repair and modification is being driven by the growing influence of social media and expert repair tutorials. The need for convenience furniture and other items with quick assembly and disassembly capabilities is also significantly driving the demand for hand tools in the US.

The market for hand tools in the United States is driven by various factors, such as the increasing demand for do-it-yourself (DIY) activities, the growth of the construction industry, and the increasing popularity of renovation and remodeling projects. Additionally, the rise in e-commerce has made it easier for consumers to purchase hand tools online, contributing to market growth.

The United States hand tools market is highly competitive with many established brands and manufacturers competing for market share. Some of the top brands in the United States hand tools market include Stanley Black & Decker, Inc., Klein Tools, Inc., Snap-on Tools Company LLC, Kennametal Inc., and Channellock, Inc., etc.

During the forecast period, it is also projected that the availability of a wide variety of multifunctional tools meeting various consumer needs will enhance demand for hand tools in the United States. Additionally, with the development of technology, manufacturers are now able to create reliable tools using a variety of raw materials, including iron, black metal, and steel.

In recent years, the United States hand tools market has witnessed several product innovations, such as ergonomic designs that reduce fatigue and increase efficiency, tools with improved accuracy and durability, and multi-functional tools that can perform several functions. These innovations have contributed to the growth of the market by providing users with more efficient and effective tools.

Growing Demand from Construction Industry Aids Product Demand

Growing demand from the construction industry also drives the United States hand tools market during the forecast period. Hand tools such as hammers, saws, wrenches, and pliers are widely used in the construction industry. As the construction industry grows, the demand for hand tools also increases in the United States. Therefore, the growing demand for hand tools in the construction industry for woodworking and metalworking, etc. drives the growth of the United States hand tools market during the forecast period.

Increase in Automotive Production Drives Market Growth

The automotive industry is a significant consumer of hand tools such as sockets, wrenches, and pliers. With the increase in automotive production, the demand for hand tools has also increased which further fuels the United States hand tools market.

Increasing Trend of Do-It-Yourself Activities Fuels Market Growth

The trend of do-it-yourself (DIY) activities has been on the rise in the United States in recent years, and this has had a significant impact on the United States hand tools market. Hand tools are essential for a wide range of DIY projects, from basic repairs and maintenance to more complex renovations and upgrades. Hand tools include items such as hammers, screwdrivers, wrenches, pliers, and saws, among others. As more and more people take on home improvement and repair projects, the demand for hand tools has increased, leading to growth in the market. DIY activities have become increasingly popular due to a number of factors. One of the main drivers of this trend is the desire to save money. Many people are turning to DIY activities as a way to avoid the high cost of professional services. Additionally, the rise of online tutorials and instructional videos has made it easier for people to learn new skills and take on DIY activities with confidence. Consumer preferences are changing as a result of the development of technological solutions such as voice assistance and smart homes. Additionally, the abundance of knowledge on the internet about almost anything is promoting the do-it-yourself (DIY) trend, in which customers solve problems on their own without consulting an expert. Do-it-yourself projects include building, fixing, and maintaining things around the house or in cars, such as replacing the tires. As a result, demand for hand tools such as hammers and screwdrivers is rising. Due to Covid-19 and the subsequent lockdowns has increased the do-it-yourself tendency. Additionally, the DIY home renovation sector is expanding rapidly, which is fueling market expansion. The use of home repair tools, equipment, and appliances is increasing as a result, which is boosting the market growth for hand tools in the United States.

New Product Launches Fuels Market Growth

New product launches are an important driver of growth in the United States hand tools market. As companies continue to innovate and introduce new products, it is likely that the market will continue to grow and evolve to meet changing consumer needs and preferences. New product launches can take many forms, including innovations in technology, new product features, improvements in product design, and more. In addition, companies may also launch new products to meet changing consumer needs, preferences, or trends in the market. American companies are manufacturing new products for the convenience of the consumers which fuels the demand and growth of the hand tools market in the United States. For instance, DEWALT launches the new TOUGHSERIES hand tools which is redefining the standard of tough. TOUGHSERIES is a brand-new collection of high-end hand tools that stands for the toughest hand tools. The TOUGHSERIES portfolio, which was created for heavy-duty use in the most demanding applications, began with tapes and was followed in the fall by hammers and screwdrivers. TOUGHSERIES hammers are 5X more robust than prior models, while TOUGHSERIES screwdrivers boast 10X more corrosion resistance than previous models. TOUGHSERIES tapes feature casing that withstand a 100-foot drop. Companies invest significant resources in research and development to create new products that can meet the changing needs and preferences of consumers. In addition, marketing and advertising campaigns play a critical role in promoting new products and generating awareness among consumers. Therefore, the increasing product launches by the companies in order to fulfill the requirements of the customers fuels the United States hand tools market growth.


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Market Segmentation

United States hand tools market is segmented on the basis of product type, application, distribution channel, region, and company. Based on product type, the market is further split into wrenches, pliers, screwdrivers, hammers, cutters, and others (clamps & vices, etc.). Based on application, the market is segmented into industrial, commercial, and home use (DIY). Based on distribution channels, the market is segmented into offline and online.

Market Players

Stanley Black & Decker, Inc., Klein Tools, Inc., Snap-on Tools Company LLC, Kennametal Inc., Channellock, Inc., JPW Industries Inc., IDEAL Industries Inc., CS Unitec, Inc., Reed Manufacturing Co., and Vaughan Manufacturing are the major market players in the United States hand tools market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product Type

·         Application

·         Distribution Channel

Regional scope

South, West, Mid-West, North-East

Key companies profiled

Stanley Black & Decker, Inc., Klein Tools, Inc., Snap-on Tools Company LLC, Kennametal Inc., Channellock, Inc., JPW Industries Inc., IDEAL Industries Inc., CS Unitec, Inc., Reed Manufacturing Co., Vaughan Manufacturing, etc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the United States hand tools market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • United States Hand Tools Market, By Product Type:
    • Wrenches
    • Pliers
    • Screwdrivers
    • Hammers
    • Cutters
    • Others
  • United States Hand Tools Market, By Application:
    • Industrial
    • Commercial
    • Home Use (DIY)

·         United States Hand Tools Market, By Distribution Channel:

    • Offline
    • Online

·         United States Hand Tools Market, By Region:

    • South
    • West
    • Mid-West
    • North-East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States hand tools market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

United States Hand Tools Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on United States Hand Tools Market

5.    Voice of Customer

5.1.  Demographic Respondents

5.1.1.    By Gender

5.1.2.    By Age

5.1.3.    By Income Group

5.1.4.    By Occupation

5.2.  Brand Awareness

5.3.  Factors Influencing Purchase Decision

5.4.  Source of Information

5.5.  Challenges Faced Post Purchase

6.    United States Hand Tools Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type (Wrenches, Pliers, Screwdrivers, Hammers, Cutters, and Others (Clamps & Vices, etc.))

6.2.2.    By Application (Industrial, Commercial, and Home Use (DIY))

6.2.3.    By Distribution Channel (Offline Vs. Online)

6.2.4.    By Region (South, West, Mid-West, North-East)

6.2.5.    By Company

6.3.  Market Map (By Product Type, By Application, By Distribution Channel, By Region)

7.    South Hand Tools Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type

7.2.2.    By Application

7.2.3.    By Distribution Channel

8.    West Hand Tools Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type

8.2.2.    By Application

8.2.3.    By Distribution Channel

9.    Mid-West Hand Tools Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type

9.2.2.    By Application

9.2.3.    By Distribution Channel

10.  North-East Hand Tools Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Application

10.2.3. By Distribution Channel

11.  Supply Chain Analysis

12.  SWOT Analysis

13.  Import Export Analysis

14.  Market Dynamics

14.1.            Drivers

14.2.            Challenges

15.  Market Trends & Developments

16.  Policy & Regulatory Landscape

17.  United States Economic Profile

18.  Competitive Landscape

18.1.            Company Profiles

18.1.1. Stanley Black & Decker, Inc.

18.1.2. Klein Tools, Inc.

18.1.3. Snap-on Tools Company LLC

18.1.4. Kennametal Inc.

18.1.5. Channellock, Inc.

18.1.6. JPW Industries Inc.

18.1.7. IDEAL Industries Inc.

18.1.8. CS Unitec, Inc.

18.1.9. Reed Manufacturing Co.

18.1.10.               Vaughan Manufacturing

19.  Strategic Recommendations

20.  About Us & Disclaimer  

 (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Development of advanced and creative hand tools, the rise in do-it-yourself activities, and the production of hand tools made with cutting-edge technology are the key factors driving the demand and growth of hand tools market in the United States.

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The trends in the market are increase in remodelling and home improvement activities as well as the automobile industry's strong expansion.

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Growing preference for power tools over hand tools is expected to act as a challenge for United States Hand Tools Market during the forecast period.

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Stanley Black & Decker, Inc., Klein Tools, Inc., Snap-on Tools Company LLC, Kennametal Inc., Channellock, Inc., JPW Industries Inc., IDEAL Industries Inc., CS Unitec, Inc., Reed Manufacturing Co., and Vaughan Manufacturing are the key players in the United States Hand Tools Market.

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Parvati Sharma

Account Manager BD
Press Release

United States Hand Tools Market to be Dominated by Wrenches During the Forecast Period

Dec, 2022

The industry is predicted to be fueled by the creation of advanced and creative hand tools, the rise in do-it-yourself activities, and the production of hand tools made with cutting-edge technology.