Tools Market By Category (Hand Tools, Power Tools), By Distribution Channel (In-store, Online), By End User (DIY, Industrial and Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Tools Market," The tools market was valued at $91.8 billion in 2022, and is estimated to reach $153.2 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. Tools are manually powered hand tools, or externally powered tools, driven by electricity or compressed air. Hand-held tools include hammers, chisels, pliers, flies, and various others including hand-held garden tools. Moreover, power tools include saws, drills, jackhammers, nail guns, and others. Tools are widely used in the construction sector, and industrial sectors, however, their application is not just limited to these industries.

The tools market is witnessing an increased demand owing to a rise in construction activities, driven by the rise in population, and urbanization. Moreover, with the rise in disposable income of people across the world, demand for home renovation & improvement has also increased. For instance, according to data from the U.S. Census Bureau, around 59% houses were renovated between 2019 and 2021, and the total average spending on home renovation during this period by a U.S. citizen was $5,000, which is a significant rise from $4,400 spent during 2017-2019. The construction, and home renovation & improvement sectors are among the major users of tools, utilizing them for cutting, drilling, sawing, hammering, shaping, and others. Thus, their growth is expected to have a positive impact on the tools market. Additionally, the rise in DIY culture among homeowners for home renovation, especially in developed nations is also a major driver for the tools market. However, the fluctuating cost of raw materials used for making tools is expected to have a negative impact on market growth.

Furthermore, due to rising inflation mainly driven by Ukraine -Russia war, the price of oil & gas, as well the price of raw materials are experiencing increased volatility across the world. This has led to slow paced growth of the tools market and its related industries.

The tools market is segmented on the basis of category, distribution channel, end-user, and region. By category, the market is bifurcated into indoor hand tools, and power tools. Furthermore, the hand tools segment is further categorized into striking tools, garden tools, and others. Depending upon the distribution channel, the market is categorized into in-store and online. On the basis of end user, it is divided into DIY (Do it Yourself), and industrial & commercial. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Competition Analysis

Competitive analysis and profiles of the major players in the tools market are provided in the report. Major companies in the report include, Makita Corporation, Armstrong Tools Inc., Snap-on Incorporated, Koki Holdings Co. Ltd., Hilti Corporation, Falcon Garden Tools, Bully Tools, Husqvarna Group, Robert Bosch GmbH, and Stanley Black and Decker Inc.

Key benefits for stakeholders

The report provides an extensive analysis of the current and emerging tools market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.
Extensive analysis of the tools market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global tools market forecast analysis from 2023 to 2032 is included in the report.
Key market players within the tools market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the tools industry.

Key Market Segments

By Category

Hand Tools
- Types
- Striking Tools
- Garden Tools
- Others
Power Tools

By Distribution Channel

In-store
Online

By End User

DIY
Industrial and Commercial

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Makita Corporation
Robert Bosch GmbH.
Hilti Corporation
Husqvarna AB
Snap-on Incorported
Bully Tools
Armstrong Tools Inc
Falcon Garden Tools Ltd.
Stanley Black and Decker Inc.
KOKI HOLDINGS Co., Ltd.

Product Code: A107124

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Rise in the number of new buildings
  - 3.4.1.2. Rise in the number of small-scale industries
  - 3.4.1.3. Rise in trend of home and building renovation

3.4.2. Restraints
- 3.4.2.1. Fluctuating raw material prices

3.4.3. Opportunities
- 3.4.3.1. Technological advancements in power tools

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: TOOLS MARKET, BY CATEGORY

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Hand Tools
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.2.4. Hand Tools Tools Market by Types
  - 4.2.4.1. Striking Tools Market size and forecast, by region
  - 4.2.4.2. Garden Tools Market size and forecast, by region
  - 4.2.4.3. Others Market size and forecast, by region
4.3. Power Tools
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: TOOLS MARKET, BY DISTRIBUTION CHANNEL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. In-store
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Online
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: TOOLS MARKET, BY END USER

6.1. Overview
- 6.1.1. Market size and forecast
6.2. DIY
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Industrial and Commercial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: TOOLS MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Category
  - 7.2.2.1. North America Hand Tools Tools Market by Types
- 7.2.3. Market size and forecast, by Distribution Channel
- 7.2.4. Market size and forecast, by End User
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Category
  - 7.2.5.1.3. Market size and forecast, by Distribution Channel
  - 7.2.5.1.4. Market size and forecast, by End User
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Category
  - 7.2.5.2.3. Market size and forecast, by Distribution Channel
  - 7.2.5.2.4. Market size and forecast, by End User
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Category
  - 7.2.5.3.3. Market size and forecast, by Distribution Channel
  - 7.2.5.3.4. Market size and forecast, by End User
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Category
  - 7.3.2.1. Europe Hand Tools Tools Market by Types
- 7.3.3. Market size and forecast, by Distribution Channel
- 7.3.4. Market size and forecast, by End User
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Category
  - 7.3.5.1.3. Market size and forecast, by Distribution Channel
  - 7.3.5.1.4. Market size and forecast, by End User
  - 7.3.5.2. France
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Category
  - 7.3.5.2.3. Market size and forecast, by Distribution Channel
  - 7.3.5.2.4. Market size and forecast, by End User
  - 7.3.5.3. UK
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Category
  - 7.3.5.3.3. Market size and forecast, by Distribution Channel
  - 7.3.5.3.4. Market size and forecast, by End User
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Category
  - 7.3.5.4.3. Market size and forecast, by Distribution Channel
  - 7.3.5.4.4. Market size and forecast, by End User
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Category
  - 7.3.5.5.3. Market size and forecast, by Distribution Channel
  - 7.3.5.5.4. Market size and forecast, by End User
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Category
  - 7.4.2.1. Asia-Pacific Hand Tools Tools Market by Types
- 7.4.3. Market size and forecast, by Distribution Channel
- 7.4.4. Market size and forecast, by End User
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Category
  - 7.4.5.1.3. Market size and forecast, by Distribution Channel
  - 7.4.5.1.4. Market size and forecast, by End User
  - 7.4.5.2. India
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Category
  - 7.4.5.2.3. Market size and forecast, by Distribution Channel
  - 7.4.5.2.4. Market size and forecast, by End User
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Category
  - 7.4.5.3.3. Market size and forecast, by Distribution Channel
  - 7.4.5.3.4. Market size and forecast, by End User
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Category
  - 7.4.5.4.3. Market size and forecast, by Distribution Channel
  - 7.4.5.4.4. Market size and forecast, by End User
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Category
  - 7.4.5.5.3. Market size and forecast, by Distribution Channel
  - 7.4.5.5.4. Market size and forecast, by End User
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Category
  - 7.5.2.1. LAMEA Hand Tools Tools Market by Types
- 7.5.3. Market size and forecast, by Distribution Channel
- 7.5.4. Market size and forecast, by End User
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Category
  - 7.5.5.1.3. Market size and forecast, by Distribution Channel
  - 7.5.5.1.4. Market size and forecast, by End User
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Category
  - 7.5.5.2.3. Market size and forecast, by Distribution Channel
  - 7.5.5.2.4. Market size and forecast, by End User
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Category
  - 7.5.5.3.3. Market size and forecast, by Distribution Channel
  - 7.5.5.3.4. Market size and forecast, by End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Armstrong Tools Inc
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
9.2. Bully Tools
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
9.3. Falcon Garden Tools Ltd.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
9.4. Hilti Corporation
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Husqvarna AB
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. KOKI HOLDINGS Co., Ltd.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
9.7. Makita Corporation
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
9.8. Robert Bosch GmbH.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. Snap-on Incorported
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
9.10. Stanley Black and Decker Inc.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments