市场调查报告书
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1543603
中国工业手动工具市场评估:按工具类型、应用、最终用户、销售管道和地区划分的机会和预测(2017-2031)China Industrial Hand Tools Market Assessment, By Tool Type, By Application, By End-user, By Sales Channel, By Region, Opportunities and Forecast, 2017-2031F |
中国工业手动工具市场规模预计将从2023年的43.8亿美元成长到2031年的66.2亿美元,预测期内年复合成长率为5.30%。
中国是主要的製造和组装基地,对机械加工基础设施和设备有很高的需求。新创企业、政府支持和永续製造是影响该国市场成长的一些关键趋势。对工业手动工具的需求受到汽车、建筑和航空航太工业的影响。对这些行业的投资增加可能会增加对製造、维护和修理的需求,改变该行业。政府措施支持的基础设施计画也推动了对手动工具的需求。此外, "一带一路" 倡议(BRI)和 "双循环策略" (DCS)也可能刺激市场成长,因为它们包括大规模的建筑和製造活动。另一个关键驱动因素是消费者对 DIY 的偏好,这推动了中国对易于使用的手动工具的需求。
具有工具追踪监控和智慧人体工学等现代功能的先进手动工具正变得越来越受欢迎。背后的原因是需要减轻最终用户的负担并让他们的工作更轻鬆。此外,中国企业也试验关于这些手动工具的材料和重量。
例如,Ingco Tools Co., Ltd. 提供各种手动工具,包括玻璃纤维柄羊角锤、机械锤、石锤和球痛锤。锤子配有安全保护钢圈和落锤锤头硬木手柄。
内需成长与技术进步推动市场成长
包括装配线和国内生产的计画大幅增加。此外,DIY专案的成长趋势增加了对电动工具和手动工具的需求。该行业是由中国政府的基础设施计划推动的,特别是属于 "一带一路" 倡议的基础设施计划,该计划吸引大规模的建设投资。
製造商透过使用电脑辅助设计(CAD)软体建立详细的3D 模型来实现手动工具原型设计。这简化了精密设计工具的生产,这些工具符合人体工学设计,并确保更好的抓握力和舒适度。原型提供了在进入大规模生产线之前测试功能和可用性的机会,减少错误并提高产品品质。材料科学的进步使得更强、更轻、更有弹性的材料可用于製造手动工具。高级钢和复合材料为工具提供了更好的性能和强度,并赋予工具更好的抓握性能。改进的表面处理和涂层使工具能够抵抗磨损和腐蚀,延长其使用寿命。随着製造和 DIY 的发展,公司每年都在增加其提供的手动工具产品的类型。
本报告调查了中国工业手动工具市场,提供市场定义和概述、市场规模的趋势和预测、各个细分和地区的详细分析、行业结构、影响市场成长的因素分析、案例研究、竞争状况、主要公司简介等。
China industrial hand tools market is projected to witness a CAGR of 5.30% during the forecast period 2024-2031, growing from USD 4.38 billion in 2023 to USD 6.62 billion in 2031. China is the leading manufacturing and assembling hub, demanding for machining infrastructure and equipment. The new companies, government support, and sustainable manufacturing are some of the major trends impacting the growth of market in the country. The demand for industrial hand tools is impacted through automotive, construction, and aerospace industry. Higher investment in these industries is likely to transform the industry with increasing demand through manufacturing, maintenance, and repairing sectors. Infrastructure projects, supported by government initiatives, are boosting the demand for hand tools. Furthermore, the Belt and Road Initiative (BRI) and Dual-Circulation Strategy (DCS) are most likely to stimulate growth in the market as they both propose huge construction and manufacturing activities. Another crucial driving factor is the consumer inclination toward do-it-yourself (DIY) tasks that is increasing demand for user-friendly hand tools in China.
Advanced hand tools, with modern features such as monitoring tool tracking and smart ergonomics, enjoy ever-growing popularity. It is driven by the need to reduce the burden and facilitate end-user activities. Moreover, companies in China have also experimented with the materials and weight of these hand tools.
For instance, Ingco Tools Co., Ltd. offer long range of hand tools including fiberglass handle-based claw hammer, machinist hammer, stoning hammer, and ball pein hammer. The hammer is loaded with safety protection steel ring, and a drop-forged hammerhead hardwood handle.
Higher Domestic Demand and Technological Advancements to Fuel Market Growth
Projects involving assembly lines and domestic production are increasing significantly. In addition, the growing trend of DIY projects has increased demand for both power and manual tools. The industry is driven by the Chinese government's infrastructure programs, particularly those which fall under the One Belt One Road (OBOR) plan, which have attracted large building investments.
Manufacturers achieve prototyping of hand tools by creating detailed 3D models using Computer-aided Design (CAD) software. This way, production streamlines precisely engineered tools that are ergonomically designed, ensuring a better grip and comfort. Prototypes offer a chance for functionality and usability tests before a headlong dash into mass production lines, thereby reducing the errors and increasing product quality. Material science development has brought in several stronger, lighter, and more resilient materials into the production of hand tools. High-grade steel and composite materials offer much better performance and greater strength to tools and make the characteristics of tool grip much better. Improved surface treatments and coatings enable the tool to resist wear and corrosion, extending its life. Companies have expanded the list of their hand tool products offered with the passage of years in evolution as there is more advanced manufacturing and DIY setting.
For instance, completing more than 20 years in hand tool business, Chinese manufacturer Diversitech Global Manufacturing Pvt. Ltd. have extended its product line with products such as chisels, punches, pry bars, socket bits, torque wrench sets, and utility knives. These products have been designed and manufactured in-house over the years.
Heavy Import and Export to Garner Country's Market
With about 40% of all hand tool exports coming from China, the country has established itself as the global leader in both production and exports. The market is fueled by factors such as low production costs, a skilled workforce, and an efficient supply chain infrastructure. The increased export volume propels China's global market presence and supports its position as a strategic player in the global hand tool industry, thereby attracting more investments and innovation in manufacturing sector. Chinese manufacturers function through higher economic activities with raised production to levels that could meet demand from across the globe. Higher production quantities reduce costs per unit, thereby giving companies the opportunity to deliver highly competitive pricing globally, making these products suitable for the exports. With lower costs, Chinese manufacturers can afford advanced technology and improve the quality of their products, helping to build the local market for industrial hand tools.
For instance, China exported the hand tools of a value USD 1.12 billion in 2022. These hand tools include files, rasps, pliers, tweezers, pincers, pipe cutters, bolt croppers, and other similar hand tools.
Higher Consumption Fuel Industrial Segment Growth
Based on end-user, the industrial segment holds the dominating share in China industrial hand tools market. The continuous modernization of China is still driving the demand for hand tools in a number of industries, such as manufacturing, aerospace, and automotive. The requirement for strong, long-lasting hand tools that can handle frequent usage is growing as businesses expand. This tendency is especially noticeable in industrial center provinces such as Guangdong, Jiangsu, and Zhejiang. The proliferation of e-commerce platforms has facilitated the accessibility of a broad array of hand tools for industrial users. In addition to boosting sales, this accessibility makes competitive pricing possible, which appeals to companies trying to keep costs down without sacrificing quality.
Future Market Scenario (2024 - 2031F)
Advancements in manufacturing technologies along with modern hand designs are anticipated to transform the future of hand tools market in China.
E-commerce growth and higher focus on quality and branding is projected to add value to China industrial tools market.
Chinese hand tool manufacturers are actively seeking to enter emerging markets in Africa, Latin America, and Middle East. Hence, the involvement of Chinese companies in global platforms are expected to expand the regional market presence. For instance, in March 2024, Chinese tool manufacturer, Hebei Sinotools Industrial Co., Ltd. participated in the prestigious EISENWARENMESSE -2024 International Hardware Fair in Cologne, Germany. Also, the company is known for showcasing the latest trends and innovations in the hardware industry.
Key Players Landscape and Outlook
Key participants in China industrial hand tools market focus on advanced tool designs, sustainable manufacturing, and enhanced supply chain. Competitors are prioritizing the design of hand tools that enhance ergonomics and safety, utilizing lightweight materials and vibration-reducing technologies. This focus aims to reduce workplace injuries and improve worker comfort and productivity. Companies are actively expanding into emerging economies where industrialization and infrastructure development are on the rise. Major players are engaging in mergers and acquisitions, partnerships, and facility expansions to broaden their product portfolios and strengthen their market presence.
In April 2024, Sandvik Group acquired a majority stake in the leading China-based company, Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno) from the current majority owner, Ningbo Baosi Energy Equipment Co., Ltd and related parties.
In December 2023, Jiangsu JieJie Microelectronics Co., Ltd. acquired an additional 30.24% stake in JieJie Microelectronics Technology Co., Ltd. from a group of sellers for USD 138.67 million.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.