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Mechanical Hand Tools Market 2018 Global Analysis, Growth, Size, Share, Trends, Forecast to 2023

Mechanical Hand Tools Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023

PUNE, INDIA, January 12, 2018 /EINPresswire.com/ -- Mechanical Hand Tools Market 2018

Wiseguyreports.Com adds “Mechanical Hand Tools Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023” To Its Research Database.

Report Details:

This report provides in depth study of “Mechanical Hand Tools Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Mechanical Hand Tools Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

This market was valued at USD 16,044.1 million in 2016 and is poised to reach USD 20,516.3 million with a CAGR of 3.67% during the forecast period.
Regional Analysis 

Mechanical hand tools are widely used in the construction industry. The rise in the number of manufacturing plants, increase in demand for professional hand tools kit and demand for wooden furniture are some of the factors which will help to push the market towards growth. The need for mechanical hand tools is gradually rising owing to factors such as, growing demand from construction industry coupled with increasing industrialization, growing application industries, increasing demand from household applications and among others. Mechanical hand tools are widely used in the construction industry. The rise in the number of manufacturing plants, where hand tools are majorly used, will lead to the growth of mechanical hand tool market. The industrial sector is expected to grow and would increase in demand for professional hand tools kit, thus leading to the growth of the market. On the other hand, the need for hand tools is likely to increase with the increase in the demand for wooden furniture. The key factors responsible for the growth of the furniture market is growth in construction and renovation activities. Increase in the number of single-person and two person households, has resulted in the increase in demand for small and convenient furniture.

Key Players 
Key players of the global Mechanical Hand Tools market are Robert Bosch Tool Corporation (U.S), Stanley Black & Decker, Inc. (U.S.), Snap-on (U.S.), TOYA SA (Poland), Metabowerke GmbH (Germany), Hilti Corporation (Liechtenstein), Techtronic Industries Co. Ltd (TTI) (Hong Kong), Makita Corporation (U.S.) Wurth Group (Germany), Klein Tools (U.S.) and others.

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Geographically, North America has emerged as the leading market for mechanical hand tools market consuming around 35.3% market share in 2016. US is one of the leading country in terms of consumption owing to the rising construction sites and rapid industrialization. Asia-Pacific region has registered itself as the fastest growing region with a CAGR of 4.00% during forecast period. Whereas Europe stood on third rank in terms of value.
Key Players

Target Audience
• Organizations
• Manufacturer
• Research Institute / Education Institute 
• Potential Investors

Key Findings
• Hand Service Tools segment expected to witness growth in global mechanical hand tools market with share of 36.8% in 2016, in terms of value. It is expected to grow at 4.15% CAGR during the forecast period
• Construction industry segment is expected to witness highest growth of 3.81% CAGR from 2017 to 2023
• North America dominate the global mechanical hand tools market with a share of 35.3% in 2016, in terms of value. It is expected to grow at a CAGR of 3.50% during the forecast period

Complete Report Details @ https://www.wiseguyreports.com/reports/2229614-global-mechanical-hand-tools-market-research-report-forecast-2023

Major Key Points in Table of Content:

1 Executive Summary 12

2 Introduction 14
2.1 Definition 14
2.2 Scope of the Study 14
2.3 Assumptions 14
2.4 Market Structure 15

3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17

4 Market Dynamics 20
4.1 Introduction 20
4.2 Impact Analysis 20
4.3 Market Drivers 21
4.3.1 growth in construction industry 21
4.3.2 Growth in the furniture market 21
4.3.3 Increase use of capital goods in households 22
4.4 Restraints 22
4.4.1 Power Tools Replacing Traditional Hand Tools 22
4.4.2 Fluctuation In Raw Material Prices 23
4.5 Opportunities 23
4.5.1 Broader Scope In Developing Nation 23

10 Company Profiles 66
10.1 Robert Bosch Tool Corporation 66
10.1.1 Company Overview 66
10.1.2 Financial Overview 66
10.1.3 Product/Service Offering 67
10.1.4 Strategy 67
10.2 Stanley Black & Decker, Inc. 69
10.2.1 Company Overview 69
10.2.2 Financial Overview 69
10.2.3 Product/Service Offering 70
10.2.4 Strategy 71
10.2.5 Strategic Development 71
10.3 Snap-on 73
10.3.1 Company Overview 73
10.3.2 Financial Overview 73
10.3.3 Product/Service Offering 74
10.3.4 Strategy 74
10.3.5 Chart: Strategic Development 74
10.4 TOYA SA 76
10.4.1 Company Overview 76
10.4.2 Financial Overview 76
10.4.3 Product/Service Offering 77
10.4.4 Strategy 78
10.5 Metabowerke GmbH 79
10.5.1 Company Overview 79
10.5.2 Financial Overview 79
10.5.3 Product/Service Offering 80
10.5.4 Strategy 80
10.6 Hilti Corporation 81
10.6.1 Company Overview 81
10.6.2 Financial Overview 81
10.6.3 Product/Service Offering 82
10.6.4 Strategy 82
10.7 Techtronic Industries Co. Ltd(TTI) 84
10.7.1 Company Overview 84
10.7.2 Financial Overview 84
10.7.3 Product/Service Offering 85
10.7.4 Strategy 86
10.8 Makita Corporation 87
10.8.1 Company Overview 87
10.8.2 Financial Overview 87
10.8.3 Product/Service Offering 88
10.8.4 Strategy 88
10.9 Wurth Group 89
10.9.1 Company Overview 89
10.9.2 Financial Overview 89
10.9.3 Product/Service Offering 90
10.9.4 Strategy 90
10.10 Klein Tools 91
10.10.1 Company Overview 91
10.10.2 Financial Overview 91
10.10.3 Product/ Service Offering 92
10.10.4 Strategy 92
Continued….

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Norah Trent
wiseguyreports
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