Household Hand Tools Market Size, Share & Trends Analysis Report By Product (Taps & Dies, General Tools), By Distribution Channel (Retail Channels, Online), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global household hand tools market size is expected to reach USD 5.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. Increasing shift towards DIY (do-it-yourself) culture on account of increasing labor cost in the developed countries including U.S., Canada, and U.K. is estimated to play a significant role in augmenting the demand for household hand tools.

Consumers have increased the adoption of self-help approach, in order to make, modify, and repair at home. Moreover, with the advent of technology, manufacturers are able to manufacture easy and handy implements for domestic use in order to provide a better user interface experience to the consumers.

Availability of a wide range of multifunctional tools serving multiple customer needs is also anticipated to increase the demand for household hand tools in the coming years. In addition, due to the advent of technological advancement, manufacturers are able to develop durable and string tools with the usage of different raw materials such as, iron, wood, black metal, and steel.

Manufacturers are focusing on developing pocket friendly and functional tools in order to fulfill maximum needs of the customers. For instance, in 2019, Bosch launched Bosch GSB 500 RE Kit, a power and hand tool kit, that provides a complete repair and modify tool kit for the household. These initiatives by the manufacturers are anticipated to increase the market demand in the coming future.

General hand tools are expected to expand at the fastest CAGR of 4.2% over the forecast period. With an aim to cater to minor maintenances and repairs in their own homes, single women are expected to drive the demand for the segment. Moreover, growing popularity of household gardening as a part of hobby is expected to drive the product demand.

The online distribution channel is expected to register a CAGR of 4.2% over the forecast period. Expansion of e-commerce platforms and growing usage of smartphone in daily life are boosting the growth of the online channel. Companies like amazon.com, flipkart.com, Snapdeal, and indiamart.com are coming up with door-to-door delivery of products with online display of a wide range of products. Moreover, various discount offers provided by the online platforms are influencing the buying behavior of the customers.

Asia Pacific is expected to register the highest CAGR of 4.8% over the forecast period. The market growth is attributed to growing adoption of western culture, availability and access to component fixture and repair tutorials for domestic tasks, and significant adoption of DIY methods.

Further key findings from the report suggest:

• General tools accounted for the largest share of more than 30.0% in 2018

• Retail channels led the household hand tools market and accounted for more than 50.0% share of the overall revenue in 2018

• Asia Pacific is expected to register the fastest CAGR of 4.8% over the forecast period

• Some of the key players operating in the global market are Stanley Black & Decker; Apex Tool Group; Great Wall Precision; Klein Tools; Wurth Group; PHOENIX; Channellock; Akar Tools; JPW Industries; JK Files; JETECH; Excelta; Sinotools; TTi; and Kennametal Inc.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis 
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Household Hand Tools Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant 
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Household Hand Tools Market 
                    3.7. Market Entry Strategies 

Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations

Chapter 5. Household Hand Tools Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Cutting Tools
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Measuring Tools
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.4. Herbs & Spices
                        5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.5. General Tools
                        5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Household Hand Tools Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Retail Channels
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Online
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 7. Household Hand Tools Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.2.4. U.S.
                            7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.3.4. U.K.
                            7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.3.5. Germany
                            7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.4. China 
                            7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.5. India
                            7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.5. Central & South America (CSA)
                        7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa (MEA)
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)

Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                        8.3.1. List of key distributors and channel partners

Chapter 9. Company Profiles
                    9.1. Apex Tool Group
                        9.1.1. Company Overview
                        9.1.2. Financial Performance
                        9.1.3. Product Benchmarking
                        9.1.4. Strategic Initiatives
                    9.2. Stanley Black & Decker 
                        9.2.1. Company Overview
                        9.2.2. Financial Performance
                        9.2.3. Product Benchmarking
                        9.2.4. Strategic Initiatives
                    9.3. Akar Tools
                        9.3.1. Company Overview
                        9.3.2. Financial Performance
                        9.3.3. Product Benchmarking
                        9.3.4. Strategic Initiatives
                    9.4. Kennametal Inc.
                        9.4.1. Company Overview
                        9.4.2. Financial Performance
                        9.4.3. Product Benchmarking
                        9.4.4. Strategic Initiatives
                    9.5. Techtronic Industries Co. Ltd. 
                        9.5.1. Company Overview
                        9.5.2. Financial Performance
                        9.5.3. Product Benchmarking
                        9.5.4. Strategic Initiatives
                    9.6. JPW Industries
                        9.6.1. Company Overview
                        9.6.2. Financial Performance
                        9.6.3. Product Benchmarking
                        9.6.4. Strategic Initiatives
                    9.7. Klein Tools
                        9.7.1. Company Overview
                        9.7.2. Financial Performance
                        9.7.3. Product Benchmarking
                        9.7.4. Strategic Initiatives
                    9.8. Sino Tools
                        9.8.1. Company Overview
                        9.8.2. Financial Performance
                        9.8.3. Product Benchmarking
                        9.8.4. Strategic Initiatives
                    9.9. Jetech Tool
                        9.9.1. Company Overview
                        9.9.2. Financial Performance
                        9.9.3. Product Benchmarking
                        9.9.4. Strategic Initiatives
                    9.10. Channellock, Inc.
                        9.10.1. Company Overview
                        9.10.2. Financial Performance
                        9.10.3. Product Benchmarking
                        9.10.4. Strategic Initiatives

List of Tables

1. Household hand tools market - Key market driver analysis
2. Household hand tools market - Key market restraint analysis
3. Global household cutting hand tools market estimates and forecast, 2015 - 2025 (USD Million)
4. Global household measuring tools market estimates and forecast, 2015 - 2025 (USD Million)
5. Global household taps and dies market estimates and forecast, 2015 - 2025 (USD Million)
6. Global household general hand tools market estimates and forecast, 2015 - 2025 (USD Million)
7. Global household hand tools market estimates and forecast by retail channels, 2015 - 2025 (USD Million)
8. Global household hand tools market estimates and forecast by online, 2015 - 2025 (USD Million)
9. North America household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
10. North America household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
11. North America household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
12. U.S. household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
13. U.S. household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
14. U.S. household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
15. Europe household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
16. Europe household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
17. Europe household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
18. U.K. household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
19. U.K. household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
20. U.K. household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
21. Germany household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
22. Germany household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
23. Germany household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
24. Asia Pacific household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
25. Asia Pacific household hand tools market revenue estimates and forecast by product, 2015 
26. Asia Pacific household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
27. China household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
28. China household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
29. China household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
30. India household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
31. India household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
32. India household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
33. Central & South America household hand tools market estimates and forecast, 2015 - 2025 (USD Million)
34. Central & South America household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
35. Central & South America household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
36. Middle East & Africa household hand tools market estimates and forecast, 2015- 2025 (USD Million)
37. Middle East & Africa household hand tools market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
38. Middle East & Africa household hand tools market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
39. Vendor landscape

List of Figures

1. Household hand tools market snapshot 
2. Household hand tools market segmentation & scope
3. Household hand tools market penetration & growth prospect mapping
4. Household hand tools market chain analysis
5. Household hand tools market dynamics
6. Household hand tools market Porter's analysis 
7. Household hand tools market: Product movement analysis 
8. Household hand tools market: Distribution channel movement analysis 
9. Household hand tools market: Regional movement analysis