市场调查报告书
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1539199
全球工业手动工具市场评估:依工具类型、应用、最终用户、销售管道、地区、机会、预测(2017-2031)Industrial Hand Tools Market Assessment, By Tool Type, By Application, By End-user, By Sales Channel, By Region, Opportunities and Forecast, 2017-2031F |
全球工业手动工具市场规模预计将从2023年的256亿美元增至2031年的362.3亿美元,预计2024-2031年的年复合成长率为 4.44%。近年来,随着製造商努力使其产品更有效、更符合人体工学且更有效率,手动工具的创新变得越来越重要。手动工具的创新有许多好处。随着新材料和新技术的采用,手动工具的生产效率越来越高,使用户能够更快、更省力地完成工作。具有人体工学功能的工具使用起来更舒适,而且不太可能造成伤害。手动工具创新推动业务的永续发展。生产商寻找方法来製造使用寿命更长的手动工具,并采用环保材料製成,以减少浪费并鼓励更永续的生活方式。製造商正致力于推出包含各种手动工具的工业手动工具套件。
例如,2024年 2月,Wiha Werkzeuge GmbH 推出了新的高级工具套件。 Wiha 宣布推出 92100 型滚动工具箱,其中包括额外的194 件高级工具套件。包括水平仪、捲尺、铁锤、电压检测器、套筒、扳手、切割器、钳子、切割器、L-Key和钻头。
电子商务领域的自动化和快速扩张推动市场成长
汽车工业对工业手动工具市场有着强劲的需求。随着汽车产量和保有量的增加,特别是在集中在中国、日本和德国的製造地点,製造和维护活动需要更复杂的手动工具。目前的进步,例如从内燃机到电动车的演变,随着製造商寻求具有精确性和可自订性的工具,进一步放大了这种需求。
电商平台的快速成长改变整个工业手动工具的市场分布。提高市场竞争力,借助产品差异化,为製造商拓展目标市场、全方位捕捉潜在消费者提供了途径。随着市场竞争变得更加激烈,消费者使用这些平台进行购物已变得非常普遍。
例如,2024年 5月,Stanley Black & Decker, Inc. 的DEWALT 推出了一款基于 TOUGHSERIES 的建筑千斤顶。这款千斤顶是一款坚固耐用的免提重工具,专为各种应用而设计。 TOUGHSERIESTM Construction Jack的举升高度为 8 至 3/4 英寸,举升能力高达 340 磅,除了各种其他应用外,还可完成困难的举升、调平和安装任务。
全球化、都市化与科技进步推动市场成长
相互依存度的增强自然意味着跨国贸易和投资将变得更加容易。公司可以在不同地区采购材料和劳动力,以最大限度地提高产量并最大限度地降低成本。对于寻求竞争优势的公司来说,这一点在大多数製造业中都很明显。发展中国家城市化的快速发展加速对工业产品和服务的需求。
越来越多的城市移民以及相关的基础设施开发、住房和服务需求推动对许多工业产品的需求。製造过程中的自动化、人工智慧和技术改进将提高生产力和效率。透过采用先进机械和智慧製造技术,该行业可以降低生产成本,同时提高产品品质。利用先进技术的物联网整合工具可能会推动市场成长。
本报告研究和分析了全球工业手动工具市场,提供市场规模和预测、市场动态以及主要参与者的现状和前景。
Global industrial hand tools market is projected to witness a CAGR of 4.44% during the forecast period 2024-2031, growing from USD 25.60 billion in 2023 to USD 36.23 billion in 2031. Innovation in hand tools has grown in significance in recent years as producers have worked to make their products more effective, ergonomic, and efficient. Innovation in hand tools has many advantages. Hand tools are becoming more productive through the use of new materials and technologies, allowing users to finish tasks more quickly and with less efforts. Tools with ergonomic features are more comfortable to use and less likely to cause injuries. Innovation in hand tools is propelling sustainability within the business. Producers are looking at ways to make hand tools that are longer-lasting and composed of environmentally friendly materials to cut down on waste and encourage a more sustainable way of living. The manufacturers focus on introducing industrial hand tool kits with a long range of hand tools.
For instance, in February 2024, Wiha Werkzeuge GmbH launched a new premium tool kit. Wiha announced the release of the Model 92100 rolling toolbox, which has a new 194-piece premium tool set. A level, tape measure, hammer, voltage detector, sockets, wrenches, cutters, pliers, cutters, L-Keys, and bits are included.
Rapid Expansion of Automative and E-Commerce Sector to Fuel Market Growth
The industrial hand tools market finds strong demand coming from the automotive industry. The growing vehicle production and added vehicle ownership, especially in the concentrated manufacturing hubs of China, Japan, and Germany, need more sophisticated hand tools for manufacturing and maintenance activities. The current evolution, such as the one from internal combustion engines to electric vehicles, further amplifies this demand as manufacturers seek tools equipped with precision and customization.
The rapid growth of e-commerce platforms is changing the overall market distribution of industrial hand tools. The intensified competitive power of the market, along with the help of differentiation products, makes the manufacturers have an easier way to expand their target market to obtain the potential consumers in all aspects. With the increased polar nature of competitive power in the market, the use of these platforms by the consumers to shop is growing immensely popular.
For instance, in May 2024, Stanley Black & Decker, Inc.'s DEWALT tools announced TOUGHSERIES based construction jack. This jack is a heavy-duty, hands-free lifting tool designed for wide range of applications. The TOUGHSERIESTM Construction Jack has a lift height of 8-3/4 inches and a lift capacity of up to 340 pound, enabling users to finish difficult lifting, leveling, and installation jobs in addition to a range of other applications.
Globalization, Urbanization, and Technological Advancements to Fuel Market Growth
The rising degree of interdependence naturally means that trade and investment can easily occur across borders. Businesses can acquire materials and labor in varying regions to maximize production and minimize costs. This has been evident in most manufacturing sectors of business in search of a competitive edge. The fast pace of urbanization in developing countries accelerates the demand for industrial goods and services.
With increased migration into the cities, the associated infrastructure developments, housing, and serviced needs raise the demand for a host of industrial products. Improvement in technology related to automation, artificial intelligence, and manufacturing processes increases productivity and raises efficiency. The industries can adopt advanced machinery and smart manufacturing techniques to bring down the cost of production while raising the quality of the product. The tools that are technologically advanced and integrated to IoT are likely to fuel market growth.
For instance, in April 2024, Kyoto Tool Company Limited launched innovative nepros-ID series of IoT-ready tools from Japan's industrial tool maker is set to revolutionize tool management in the aerospace, maintenance, and repair (MRO) sectors. It minimizes tool loss and boosts operational effectiveness and guarantees adherence to industry rules. Its exceptional capabilities, which include unrivaled tool finding and identification, durability, long-range reading, and bulk scanning characteristics, outperform conventional approaches such as barcodes.
Advanced Logistics and Enhanced Supply Chain Management to Fuel Segmental Growth
Distributors provide value-added services of technical support, training, and after-sales service, which are very critical for businesses whose operations depend on the performance of industrial hand tools. Most sales directly or through distributor networks efficiently reach end-users. This helps in building a trusted relationship and ensures customers get the right tool to help in doing their job. Advancements in logistics and supply chain management have made the process easier, which reduces lead times and costs associated with delivering industrial hand tools to customers. It improves the overall customer experience and encourages repeat purchases, thus fueling growth in this segment. However, the e-commerce segment is also thriving at a decent rate due to the higher 5G deployment and easy shipping options. Retail and distributor companies introduce the international product line in different regions. Companies acquire and collaborate with other precision tool manufacturers to enhance their supply chain and distribution networks.
On November 1, 2023, Snap-on Incorporated purchased Mountz, Inc. for USD 40 million in cash. Mountz Inc., a San Jose, California-based company, develop, produce, and market high-precision torque tools, encompassing devices for measurement, calibration, and documentation. Snap-on Inc.'s torque capabilities to clients in a range of industries, such as aircraft, transportation, and advanced manufacturing are enhanced and expanded by the acquisition of Mountz Inc.
Asia-Pacific Dominates the Global Industrial Hand Tools Market Share
Asia-Pacific dominates share of the global industrial hand tools market. Countries such as China and India have huge industrial growth, and thus, demand arises for the industrial hand tools segment. The rapid growth of the manufacturing sectors, particularly in automotive, electronics, and construction industries, needs a huge amount of hand tools for production and maintenance purposes. In this region, there is rapid urbanization underway with growing construction activities. To this end, infrastructural projects, including residential and commercial buildings, transportation systems, and industrial plants, create huge needs for hand tools. Most of the countries in Asia-Pacific have developed an interest in doing do-it-yourself (DIY) projects and increasing self-reliance, thereby raising demand for hand tools with increased disposable incomes. This trend is very clear among consumers who like doing personal projects rather than hiring professionals. Furthermore, seminars and exhibitions are held in the region to attract marketers and core companies.
For instance, in December 2023, The International Hardware Fair India, was held at Pragati Maidan, New Delhi. The Pragati Maidan Conference and Exhibition had over two hundred foreign exhibitors showcasing their merchandise. Through the government's Atmanirbhar Bharat program, which focuses on small and medium-sized businesses, the nation hopes to increase sales.
Future Market Scenario (2024 - 2031F)
The rising automotive sector and e-commerce expansion are expected to fuel market growth during the forecast period.
Technological innovations and higher usage of metal cutting tools are projected to propel the market expansion.
Focus on higher safety and ergonomics, integration with IoT are anticipated through anticipated growth.
Key Players Landscape and Outlook
Companies focus on research and development to create sophisticated hand tools that use cutting-edge features including ergonomic forms and clever functions. For instance, in response to the increased demand for efficiency and safety in industrial settings, manufacturers are progressively creating instruments that minimize user fatigue and improve precision. A lot of major companies are expanding the variety of products they sell to include more specialized instruments for particular uses. It involves launching specialist instruments for developing industries such as renewable energy and electric cars, which are needed for certain features and standards.
For instance, in February 2023, Lowe's Companies, Inc and Klein Tools, Inc. announced their partnership, bringing a significant presence for the iconic tool brand to the electrical and tool departments at Lowe's. As a result, Lowe's will offer the widest selection of Klein Tools products anywhere in the home improvement retail channel.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.