PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1351286
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1351286
India Hand Tools Market, By Tool Type ; By Application ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Hand Tools Market Size Set to Touch USD 416.2 Million by 2029.
India hand tools market is flourishing because of the growing infrastructure sector and increasing number of manufacturing plants.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India hand tools market size at USD 342.8 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India hand tools market size to grow at a CAGR of 4.3% reaching a value of USD 416.2 million by 2029. Major growth drivers for the India hand tools market include the increasing number of infrastructure projects, spurring demand for automobiles, an expansion of infrastructure and construction projects, the growth of the heavy engineering sector, and an upward trend in consumer disposable income. Also, the growing do-it-yourself (DIY) culture contributes to the demand for hand tools among individuals. E-commerce platforms offer wider access to products, influencing market dynamics. The market's future hinges on innovation, ergonomic design, and durability, aligning with users' evolving preferences. As India's industries expand and consumer demands shift, the hand tools market showcases adaptability and potential for sustained growth. However, competition from cheap Chinese imports and unorganized sector are anticipated to restrain the overall market during the forecast period.
India Hand Tools Market - Overview:
India hand tools market pertains to the trade, production, and distribution of a wide range of manual tools designed for various tasks across industries such as manufacturing, construction, automotive, and more. These tools encompass a diverse array of products like wrenches, hammers, screwdrivers, pliers, and cutting tools, among others. The market is characterized by the growing demand for these tools driven by factors such as expanding infrastructure projects, increased manufacturing activities, rising do-it-yourself (DIY) culture, and the need for maintenance services. The market landscape is marked by competition among manufacturers, innovations in product design and durability, and the influence of e-commerce platforms in expanding consumer access.
Impact of COVID-19 on India Hand Tools Market
COVID-19 pandemic had a mixed impact on the India hand tools market. Lockdowns and disruptions in the supply chain led to reduced production and distribution. With construction and manufacturing sectors affected, demand waned. However, as restrictions eased, the market showed resilience. Manufacturers adopted safety measures and digitization accelerated, aiding recovery. The DIY trend during lockdowns boosted demand for certain tools. While challenges persisted, the market adapted, emphasizing online sales and reimagining operational strategies. The pandemic highlighted the sector's adaptability and underscored the importance of agility and innovation for the post-COVID-19 market landscape.
India Hand Tools Market - By Tool Type:
By tool type, the India hand tools market is divided into General Purpose Tools, Cutting Tools, Layout & Measuring Tools, and Taps & Dies segments. The general-purpose tools segment held the highest share in the India hand tools market by tool type due to their versatility, widespread use among diverse user groups, cost-effectiveness, easy availability, and adaptability to changing needs. These tools are often the entry point for beginners, meet basic maintenance requirements, and cater to a broader range of applications compared to specialized tools. Also, the general-purpose tools include hammers, clamps & vises, pliers, ratchets & sockets, riveters, screwdrivers & nut, wrecking bars, and wrenches. Meanwhile the cutting tools segment is expected to witness the fastest growth rate during the forecast period. It can be attributed to increased industrialization, expansion in manufacturing sectors, infrastructure development, and technological advancements. As industries demand precision in cutting and shaping materials, the need for efficient cutting tools rises. Moreover, sectors like automotive, aerospace, and construction continuously require advanced cutting solutions to enhance productivity and product quality. This heightened demand for specialized tools is likely to drive the growth of the cutting tools segment at an accelerated rate. Also, the cutting tools segment includes chisel & files, cable & wire cutting tools, knives & blades, and saw.
Competitive Landscape:
Major players operating in the India hand tools market include: Ajay Industries, Akar Tools Ltd, Alok International Pvt Ltd, Eastman Hand Tools, JCBL Group, JK Files (India) Limited, Venus Industrial Corp, Taparia Tools, Stanley Black & Decker, Hindustan Everest Tools Ltd, Makita India, Bosch Power Tools, and KPT Industries. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Hand Tools Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Hand Tools Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Hand Tools Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing infrastructure sector
- 3.2.1.2. Increase in the number of manufacturing plants
- 3.2.2. Restraints
- 3.2.2.1. Competition from cheap Chinese imports
- 3.2.2.2. Unorganized sector
- 3.2.3. Opportunities
- 3.2.3.1. E-commerce expansion
- 3.2.3.2. Skill development programs
- 3.2.4. Challenges
- 3.2.4.1. Price sensitivity
- 3.2.4.2. Counterfeiting
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Hand Tools Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Tool Type
- 4.2.1.1. General Purpose Tools
- 4.2.1.1.1. Hammers
- 4.2.1.1.2. Clamps & Vises
- 4.2.1.1.3. Pliers
- 4.2.1.1.4. Ratchets & Sockets
- 4.2.1.1.5. Riveters
- 4.2.1.1.6. Screwdrivers & Nut Drivers
- 4.2.1.1.7. Wrecking Bars
- 4.2.1.1.8. Wrenches
- 4.2.1.2. Cutting Tools
- 4.2.1.2.1. Chisel & Files
- 4.2.1.2.2. Cable & Wire Cutting Tools
- 4.2.1.2.3. Knives & Blades
- 4.2.1.2.4. Saws
- 4.2.1.3. Layout & Measuring Tools
- 4.2.1.3.1. Plumb Bob
- 4.2.1.3.2. Try Square
- 4.2.1.4. Taps & Dies
- 4.2.1.1. General Purpose Tools
- 4.2.2. By Application
- 4.2.1.3.1. Residential
- 4.2.1.3.2. Commercial
- 4.2.1.3.3. Industrial
- 4.2.3. By Region
- 4.2.3.1. North India
- 4.2.3.2. South India
- 4.2.3.3. East India
- 4.2.3.4. West India
- 4.2.1. By Tool Type
5. Competitive Landscape
- 5.1. List of Key Players and Their Range
- 5.2. India Hand Tools Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on India Hand Tools Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
- 7.1. Ajay Industries
- 7.2. Akar Tools Ltd.
- 7.3. Alok International Pvt. Ltd.
- 7.4. Eastman Hand Tools
- 7.5. JCBL Group
- 7.6. JK Files (India) Limited
- 7.7. Venus Industrial Corp
- 7.8. Taparia Tools
- 7.9. Stanley Black & Decker
- 7.10. Hindustan Everest Tools Ltd.
- 7.11. Makita India
- 7.12. Bosch Power Tools
- 7.13. KPT Industries
- 7.14. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents
- 9.5. Assumption & Limitation
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1: India Hand Tools Market Segmentation
- Figure 2: India Hand Tools Market Value Chain Analysis
- Figure 3: Company Market Share Analysis, 2022
- Figure 4: India Hand Tools Market Size, By Value (USD Million), 2019-2029
- Figure 5: India Hand Tools Market Share, By Tool Type, By Value, 2019-2029
- Figure 6: India Hand Tools Market Share, By Application, By Value, 2019-2029
- Figure 7: India Hand Tools Market Share, By Region, By Value, 2019-2029
- Figure 8: North India Camping Tent Market Size, By Value (USD Million), 2019-2029
- Figure 9: North India Camping Tent Market Share, By Tool Type, By Value, 2019-2029
- Figure 10: North India Camping Tent Market Share, By Application, By Value, 2019-2029
- Figure 11 South India Camping Tent Market Size, By Value (USD Million), 2019-2029
- Figure 12: South India Camping Tent Market Share, By Tool Type, By Value, 2019-2029
- Figure 13: South India Camping Tent Market Share, By Application, By Value, 2019-2029
- Figure 14: East India Camping Tent Market Size, By Value (USD Million), 2019-2029
- Figure 15: East India Camping Tent Market Share, By Tool Type, By Value, 2019-2029
- Figure 16: East India Camping Tent Market Share, By Application, By Value, 2019-2029
- Figure 17: West India Camping Tent Market Size, By Value (USD Million), 2019-2029
- Figure 18: West India Camping Tent Market Share, By Tool Type, By Value, 2019-2029
- Figure 19: West India Camping Tent Market Share, By Application, By Value, 2019-2029
List of Tables
- Table 1: India Hand Tools Market Share, By Tool Type, By Value, 2019-2029
- Table 2: India Hand Tools Market Share, By Application, By Value, 2019-2029
- Table 3: India Hand Tools Market Share, By Region, By Value, 2019-2029
- Table 4: North India Camping Tent Market Size, By Value (USD Million), 2019-2029
- Table 5: North India Camping Tent Market Share, By Tool Type, By Value, 2019-2029
- Table 6: North India Camping Tent Market Share, By Application, By Value, 2019-2029
- Table 7 South India Camping Tent Market Size, By Value (USD Million), 2019-2029
- Table 8: South India Camping Tent Market Share, By Tool Type, By Value, 2019-2029
- Table 9: South India Camping Tent Market Share, By Application, By Value, 2019-2029
- Table 10: East India Camping Tent Market Size, By Value (USD Million), 2019-2029
- Table 11: East India Camping Tent Market Share, By Tool Type, By Value, 2019-2029
- Table 12: East India Camping Tent Market Share, By Application, By Value, 2019-2029
- Table 13: West India Camping Tent Market Size, By Value (USD Million), 2019-2029
- Table 14: West India Camping Tent Market Share, By Tool Type, By Value, 2019-2029
- Table 15: West India Camping Tent Market Share, By Application, By Value, 2019-2029
- Table 16: Ajay Industries Company Overview
- Table 17: Ajay Industries Financial Overview
- Table 18: Akar Tools Ltd. Company Overview
- Table 19: Akar Tools Ltd. Financial Overview
- Table 20: Alok International Pvt. Ltd. Company Overview
- Table 21: Alok International Pvt. Ltd. Financial Overview
- Table 22: Eastman Hand Tools Company Overview
- Table 23: Eastman Hand Tools Financial Overview
- Table 24: JCBL Group Company Overview
- Table 25: JCBL Group Financial Overview
- Table 26: JK Files (India) Limited Company Overview
- Table 27: JK Files (India) Limited Financial Overview
- Table 28: Venus Industrial Corp Company Overview
- Table 29: Venus Industrial Corp Financial Overview
- Table 30: Taparia Tools Company Overview
- Table 31: Taparia Tools Financial Overview
- Table 32: Stanley Black & Decker Company Overview
- Table 33: Stanley Black & Decker Financial Overview
- Table 34: Hindustan Everest Tools Ltd. Company Overview
- Table 35: Hindustan Everest Tools Ltd. Financial Overview
- Table 36: Makita India Company Overview
- Table 37: Makita India Financial Overview
- Table 38: Bosch Power Tools Company Overview
- Table 39: Bosch Power Tools Financial Overview
- Table 40: KPT Industries Company Overview
- Table 41: KPT Industries Financial Overview
