1. Market Research
Hand Tools & Woodworking Tools Market with COVID-19 Impact, By Type, Distribution Channel, End User And Region - Global Forecast to 2026

Hand Tools & Woodworking Tools Market with COVID-19 Impact, By Type, Distribution Channel, End User And Region - Global Forecast to 2026

  • July 2021
  • 213 pages
  • ID: 6124642
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The hand tools and woodworking tools market size is expected to grow from USD 8.4 billion in 2021 to USD 10.3 billion by 2026, at a CAGR of 4.0%. The growth of the market is attributed to the increasing commercial as well as residential construction and infrastructure projects, adoption of hand tools in households for residential/DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations across the world. However, factors such as increase in safety risks and concerns due to improper use of hand tools are restraining the market growth. On the flip side, the development of variable-size/multi-tasking single tools that cater to multiple operations might increase demand for hand tools, and increase in hand tool automation to reduce physical work might boost hand tool usage and are expected to create opportunities for the adoption of hand tools and woodworking tools in the coming years. Moreover, the lack of all-specification/dimension hand tools for end-users to be prepared for every possible area of application acts as a challenge for the hand tools and woodworking tools market.

Online distribution channel to grow at the fastest rate during the forecast period
Online distribution channels can be seen changing the way customers shop.They are providing customers with numerous additional benefits such as door-to-door delivery of products and provide an online display of an extensive variety of products and brands to choose from through their online e-commerce platforms.

Various third-party distributors sell hand tools on the online platforms.This helps the customers compare, evaluate, study, and select the best suitable hand tool.

These online platforms has enabled many hand tool manufacturers to sell their products directly to the end customers. Large manufacturing organizations can be seen launching their online distribution channels with their e-commerce platforms.

Professional end-users to hold the largest share of hand tools and woodworking tools market by 2026
The market for the professional end-user segment is expected to hold the largest share during the forecast period.With the rising population and infrastructural development worldwide, professional applications such as plumbing, electrification, and carpentry have registered strong growth.

Additionally, growth in other industries, such as oil & gas, electronics, automotive, aerospace, energy, mining, and shipbuilding, also contribute to the growth of the professional usage of hand tools & woodworking tools with the increasing application areas.

Hand tools and woodworking tools market in APAC to grow at the highest CAGR
The growth of the hand tools and woodworking tools market in APAC can be attributed to the rapid industrialization and surging construction activities in the countries such as India, China, Australia, and Japan.Hand tools are highly used in both construction and industrial activities.

Even governments from the leading countries are taking initiatives towards developing infrastructural and construction plans and to bring industrial development with the increasing number of industrial plants and manufacturing units. However, the pandemic has resulted in disruptions in supply chain activities, revenue losses, and slowdown in production activities which have somehow impacted the growth of the market, eventually impacting the economy.

Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 - 52%, Tier 2 - 31%, and Tier 3 - 17%
• By Designation: C-level Executives - 47%, Directors - 31%, and others - 22%
• By Region: North America - 36%, Europe - 29%, APAC - 30%, and RoW - 5%

Major players profiled in this report are as follows: Stanley Black & Decker (US), Apex Tool Group(US), Snap-On Incorporated(US), Techtronic Industries Co. Ltd (China), Klein Tools (US), Husqvarna (Sweden), Akar Auto Industries Ltd. (India), and Hangzhou Great Star Industrial Co. Ltd. (China)and others.

Research Coverage
In this report, the Hand tools and woodworking tools market has been segmented based on type, end-user, distribution channel, and region.The Hand tools and woodworking tools market based on type has been segmented into chisels, hammers, saws, pliers, wrenches, screwdrivers, and others.

Based on the distribution channel, the market has been segmented into online and retail/offline.Based on the end-user, the market has been segregated into professional and residential/DIY.

The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:

The report would help market leaders/new entrants in this market in the following ways:
This report segments of the Hand tools and woodworking tools market comprehensively and provides the closest approximation of the overall market size and subsegments that include type, industry, and region.
The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the market.
This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches, acquisitions, and expansions carried out by major market players.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Hand Tools Market - Global Outlook and Forecast 2020-2025

  • $ 3500
  • September 2020
  • 312 pages

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Hand Tools Market Report The global hand tools market by revenue is expected to grow at a CAGR of over 4% ...

  • World
  • Hand Tool
  • Industry analysis
  • Disposable Income
  • Employment Costs


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on