Home > Industrial Machinery > Industrial Equipment > Tools > Industrial Hand Tools Market

Industrial Hand Tools Market Trends

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

Download Free Sample

Industrial Hand Tools Market Trends

There has been a growing demand for electric- & battery-powered hand tools due to their convenience, portability, and efficiency. This trend is expected to continue as industries seek more environmentally friendly and cost-effective solutions. The market has seen significant advancements in technology, leading to the development of more efficient and ergonomic tools. This includes the integration of Internet of Things (IoT) capabilities in hand tools for better monitoring and maintenance.

Key manufacturers are increasingly focusing on designing hand tools that prioritize ergonomics & safety to reduce the risk of workplace injuries and enhance worker comfort & productivity. This includes the use of lightweight materials, ergonomic handles, and vibration-reducing technologies. The industrial hand tools industry is experiencing growth in emerging economies due to rapid industrialization, infrastructure development, and increasing investments in manufacturing sectors. This expansion is driving manufacturers to establish a stronger presence in these regions and adapt their product offerings to local preferences & requirements.

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.