Africa Hand Tool Market (2020-2026) | Industry, Value, Share, Analysis, COVID-19 IMPACT, Outlook, Size, Growth, Companies, Revenue, Forecast & Trends

Africa Hand tool market demand would continue to accelerate on account of factors such as rising investments in housing sector and infrastructure, rising urbanization and enhancement in the usage of hand tools in the industrial application provides lucrative growth for the Africa hand tool market. Factors such as lack of skilled labour, shifting consumer behaviour and preferences for do-it-yourself (DIY) trend, and increasing household ownerships among nuclear families, robust growth in construction activities would speed up the demand for the hand tool equipment during the prognosis period.

Additionally, Small profit margin, due to intense competition and shortage of qualified staff are some of the key challenges that restrain the growth of the Africa hand tool market. Moreover, growth in popularity of power tools and their versatile application might also hinder the growth of this market. Further, the outbreak of coronavirus pandemic has affected the sales of the hand tool equipment products worldwide.

According to 6Wresearch, the Africa Hand Tool Market size is projected to witness substantial growth during 2020-26. Currently, South Africa accounts for the highest revenue share in the overall hand tool market and is expected to maintain its dominance during the forecast period as well. Additionally, countries such as Kenya, Nigeria are expected to be a rewarding market for the hand tool market primarily due to growth in the aerospace industry, rising population and increase in infrastructure investments.

The construction sector witnessed the maximum deployment of hand tools during 2019, followed by the Industrial sectors. This could be accredited to the fact that hand tool equipment does not require motor power to work, they are lightweight and portable. Further, people prefer hand tools owing to the advancements in the technology of hand tools providing multipurpose and ease in their usage are also a key factor for the growth of the market. Moreover, the usage of hand tool equipment across automotive maintenance and aerospace industry is becoming a popular trend.

Some of the key players operating in the Africa hand tool market are Gedore South Africa, mica suppliers, hot tools, Benray, Cromwell, industrial tools and equipment, JCBL hand tools.

The Africa hand tools market report thoroughly covers the market by type, end-user, distribution channels, and countries including Kenya, Nigeria, South Africa and the rest of the Africa region. The hand tool market outlook report provides an impartial and comprehensive study of the on-going market trends, developmental areas and market drivers which would help the investors to manoeuvre and support their market strategies according to the current and future market crescendos.

Key Highlights

• Africa Hand Tool Market Outlook
• Africa Hand Tool Market Overview
• Africa Hand Tool Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Africa Hand Tool Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution Channel
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Nigeria Hand Tool Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for UAE Hand Tool Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Kenya Hand Tool Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Ghana Hand Tool Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Africa Hand Tool Market
• Market Drivers and Restraints
• Africa Hand Tool Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Africa Hand Tool Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Type:
• Wrench
• Plier
• Screw Driver
• Hammer
• Cable Cutter
• Others
• By End User:
• DIY
• Professional
• Industrial
• By Distribution Channel:
• Online
• Offline
• By Countries:
• South Africa
• Kenya
• Nigeria
• Ghana
• Rest of Africa 

Frequently Asked Questions About the Market Study (FAQs):