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Industrial Hand Tools Market Share

Report ID: GMI8137
Published Date: Feb 2024
Report Format: PDF

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Industrial Hand Tools Market Share

Global Company Market Share Analysis, 2023, (%)

In 2023, dominant market players including Stanley Black & Decker, Inc., Knipex, Klein Tools, Inc., Wera, and Mittal Bhai Projects Pvt. Ltd. collectively held a substantial 15% - 20% market share. The market is highly fragmented with industry leaders actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence.

Industrial Hand Tools Market Companies

Major players operating in the industrial hand tools industry include:

Stanley Black & Decker, Inc.
Knipex
Klein Tools, Inc.
Wera
Mittalbhai Projects Pvt. Ltd.
Zhejiang SALI Abrasive Technology Co., Ltd
DEWALT
Ideal Industries
Pangu Industrial Co., Ltd.
Snap-on Incorporated
C&A Hardware Tools Co., Ltd.
Apex Tool Group
Akar Tools
Great Wall Precision
JPW Industries
JK Files
JETECH
Excelta
Sinotools
Wurth Group

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market valuation of the Industrial hand tools was worth over USD 25 billion in 2023 and is set to expand at over 4.1% CAGR from 2024 to 2032, driven by the growing emphasis on automation in manufacturing processes and the surging need for hand tools that complement automated systems.

Industrial hand tools market from the hammers segment was reached USD 4.8 billion in 2023 and is estimated to grow substantially from 2024 to 2032, attributed to their versatility which makes them indispensable in many industrial settings, where different tasks need to be performed.

North America industrial hand tools market size generated USD 8.1 billion in 2023 and is estimated to record robust growth through 2032, owing to the ongoing development of sophisticated manufacturing processes and expertise in producing high-quality industrial hand tools.

Some of the top manufacturers of the industrial hand tools are Stanley Black & Decker, Inc., Knipex, Klein Tools, Inc., Wera, Zhejiang SALI Abrasive Technology Co., Ltd, DEWALT, Ideal Industries, Pangu Industrial Co., Ltd., C&A Hardware Tools Co., Ltd., Apex Tool Group, JPW Industries, JETECH, and Excelta, Sinotools, among others.