According to the new research report "Hand Tools & Woodworking Tools Market with COVID-19 Impact, by Type (Chisels, Hammers, Saws, Pliers, Wrenches, Screwdrivers), Distribution Channel (Online, Offline), End User, and Region - Global Forecast to 2026", the hand tools and woodworking tools market size is expected to grow from USD 8.4 billion in 2021 to USD 10.3 billion by 2026, at a CAGR of 4.0%.
Browse 167 market data Tables and 54 Figures spread through 219 Pages and in-depth TOC on "Hand Tools & Woodworking Tools Market with COVID-19 Impact, by Type (Chisels, Hammers, Saws, Pliers, Wrenches, Screwdrivers), Distribution Channel (Online, Offline), End User, and Region - Global Forecast to 2026"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=97729312Wrenches and Chisels are estimated to hold the largest market share of the hand tools and woodworking tools market respectively during the forecast period.Wrenches are hand tools that owned the highest market share in hand tools market in 2020 and are expected to dominate the market during the forecast period as well.
Wrenches are greatly needed for repairs and maintenance operations in automotive industry and in plumbing and electrification operations, where they are used to turn pipes or for fitting operations.Chisels are hand tools and woodworking tools that owned the highest market share in woodworking tools market in 2020 and are expected to dominate the market during the forecast period as well.
This helps the customers compare, evaluate, study, and select the best suitable hand tool.
Large manufacturing organizations can be seen launching their online distribution channels with their e-commerce platforms.The mid-and high-level precision GPS receiver market in APAC is expected to grow at the highest CAGR from 2021 to 2026The growth of the hand tools and woodworking tools market in APAC can be attributed to the rapid industrialization and surging construction activities in the countries such as India, China, Australia, and Japan.
However, the pandemic has resulted in disruptions in supply chain activities, revenue losses, and slowdown in production activities which have somehow impacted the growth of the market, eventually impacting the economy.Stanley Black & Decker (US), Apex Tool Group(US), Snap-On Incorporated(US), Techtronic Industries Co. Ltd (China), Klein Tools (US), Husqvarna (Sweden), Akar Auto Industries Ltd. (India), and Hangzhou Great Star Industrial Co. Ltd. (China) are a few major players operating in hand tools and woodworking tools market.View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/hand-woodworking-tools-market-97729312.htmlAbout MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.