UK Hand Tool Market To Grow $ 163.73 Million | Over 6% CAGR projection to 2025

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Key Points From Hand Tools Market Research

  • The UK hand tools market size will grow by $ 163.73 million at more than 6% CAGR between 2020 and 2025
  • Annual growth of 5.80% expected in 2021
  • The industrial segment represented the maximum market growth in 2020
  • Dominant suppliers include Channellock Inc., Draper Tools Ltd., Kennametal Inc. and others

UK Hand Tools Market: Growth Drivers and Constraints

The hand tool market is driven by the growing popularity of DIY businesses. The number of people involved in home improvement activities such as carpentry, plumbing and electrical applications is on the rise in the UK. This can be attributed to the high labor costs associated with these services. In addition, the promotion of DIY activities by bloggers and vloggers and privacy concerns have increased the adoption of DIY hand tools among individuals. This trend is expected to fuel the growth of the market during the forecast period.

“Although the growth of the construction market and increased industrial production in the UK will further stimulate market growth, fluctuating raw material prices could reduce growth opportunities for market players,” says a Technavio analyst.

The Hand Tools Market report answers questions such as:

  • Is the market structure fragmented or concentrated?
  • What was the market size in 2020 and the hand tools market forecast to 2025?
  • What are the best segment sectors to invest in during the forecast period?
  • What is the market share of the dominant and powerful vendors in the hand tools market?
  • What are the latest trends and regulatory frameworks in the hand tools market?

Get all your questions answered in our comprehensive report.

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Associated reports:

Global Do-It-Yourself Home Improvement Retail Market – The global do-it-yourself home improvement retail market is segmented by product (wood and landscape management, tools and equipment, kitchen and others) and geography (North America, Europe, APAC, South America, and MEA).
Download an exclusive free sample report

Global Hacksaw Blades Market – The global hacksaw blades market is segmented by geography (APAC, Europe, AEM, North America, and South America) and product (electric hacksaw blades and hand saw blades).
Download an exclusive free sample report

UK Hand Tool Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of over 6%

Market growth 2021-2025

$ 163.73 million

Market structure

Fragmented

Annual growth (%)

5.80

Regional analysis

Albania

Efficient contribution to the market

UK 100%

Main consumer countries

UK

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Channellock Inc., Draper Tools Ltd., Kennametal Inc., KNIPEX-Werk, Milwaukee Electric Tool Corp., Snap-on Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., Thomas Flinn and Co., and Wera Werkzeuge GmbH.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Market Scope Table:

Contents:

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing … See our overview of the hand tools market to unlock the table of contents

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio research
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E-mail: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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