Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Mechanical Hand Tools Market

Global Mechanical Hand Tools Market to Exhibit Steady Growth over 2023
Mechanical Hand Tools Market Share, Size, Trends, And Business Opportunity Analysis Report 2018
include historic data, with forecast data to 2023. Mechanical Hand Tools Market report is helpful for
future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global
market size, share, Growth, Trends, key players forecast to 2023
Market Synopsis:
According to Market Research Future (MRFR)’s new report, the global mechanical hand tools market is
anticipated to mark a CAGR of 3.67% during the forecast period 2017 to 2023. The market is poised to
enter a phase of maturity and exhibit steady but constant growth. MRFR’s revenue analysis of the global
market highlights that the valuation of the market is set to reach USD 20,516.3 Mn by 2023-end from USD
16,044.1 Mn in 2016.
Construction sector has been gaining momentum across the world which has led to a moderate increase
in demand for mechanical hand tools. It is highly likely to perpetuate a similar trend in the forthcoming
years. Furthermore, industrial sector being the backbone of economy is expected to scale new heights
through the review period. This, in turn, is prognosticated to expedite the growth of the mechanical hand
tools market.
The developments in the standard of living are also forecasted to favor the proliferation of the mechanical
hand tools. Rising renovation activities and investments in wooden furniture are poised to generate
demand for hand tools globally throughout the projection period, thus, augmenting the market.
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Competitive Dashboard:
Some of the key players profiled in the report are Robert Bosch Tool Corporation (U.S), Snap-on (U.S.),
TOYA SA (Poland), Metabowerke GmbH (Germany), Stanley Black & Decker, Inc (U.S.), Hilti Corporation
(Liechtenstein), Techtronic Industries Co. Ltd (TTI) (Hong Kong), Wurth Group (Germany), Klein Tools
(U.S.), and Makita Corporation (U.S.).
Market Segmentation:
By type, the mechanical hand tools market has been segmented into hand service tools, edge tools, hand
saw and others.
By application, the mechanical hand tools market has been segmented into construction industry,
decoration industry, and household application.
Regional Insights:
The global mechanical hand tools market, by region, has been segmented into North America, Europe,
Asia Pacific, and the Rest of the World. North America has held a major share of the market in 2016 and
accounted for 35.3% of the total share. It is prognosticated to retain its prominence over the next couple
of years. The region is likely to witness moderate growth in the foreseeable future owing to an increase
in demand from the construction sector. Thriving industrial sector is another major factor responsible for
catalyzing the expansion of mechanical hand tools market in the region. The U.S. is an important country-