Market Forecast by Type (Wrench, Plier, Screw Driver, Hammer, Cable Cutter and others), by End Users (Professional, DIY, Industrial), by Distribution Channel (Online, Offline), By Countries (Italy, Germany, United Kingdom, France and rest of Europe) and Competitive Landscape
Product Code: ETC054454 | Publication Date: Apr 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Europe Hand tool market demand would continue to accelerate on account of factors such as a surge in machinery and equipment manufacturing sector, recovery of the construction industries and increase in the usage of hand tools in the industrial application provides lucrative growth of the Europe hand tool market. Factors such as high labour cost, consumer preference for independent or self-services, and increasing household ownerships among nuclear families and millennials would speed up the demand for hand tools during the prognosis period. Additionally, low-profit margin due to serious competition and lack of skilled professionals are some of the key challenges that restrain the growth of the Europe hand tool market. Moreover, the 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 hand tool products worldwide.
According to 6Wresearch, the Europe Hand tool market size is projected to witness substantial growth during 2020-26. Currently, Germany 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 Germany, Italy, France and the United Kingdom 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. Further, countries such as Germany are among the top contributors in the market revenues owing to the rapid advanced industrial growth.
The Automotive sector witnessed the maximum deployment of hand tools during 2019, followed by the Professional and Industrial sectors. This could be attributed 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 key factor for the growth of the market. Moreover, the usage of hand tool equipment across the automotive maintenance and aerospace industry is becoming a popular trend in some countries such as Italy and France.
Some of the key players operating in the Europe hand tool market are Caverio Angelo snc, Corporacion Patricio Echeverria, S.A., Felo-Werkzeugfabrik Holland-Letz GmbH, Hazet-Werk Remscheid, Hultafors AB, Industrial Technical Tools SpA, Izmir El Aletleri Sanayi ve Ticaret A.S.,Rennsteig Werkzeuge GmbH.
The Europe hand tools market report thoroughly covers the market by type, end-user, distribution channels, and countries including Germany, Italy, France, United Kingdom and rest of Europe. 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
Markets Covered
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Europe Hand Tool Market Overview |
3.1. Europe Country Macro Economic Indicators |
3.2. Europe Hand Tool Market Revenue, 2019 & 2026F |
3.3. Europe Hand Tool Market - Industry Life Cycle |
3.4. Europe Hand Tool Market - Porter's Five Forces |
3.5. Europe Hand Tool Market Revenue Share, By Type, 2019 & 2026F |
3.6. Europe Hand Tool Market Revenue Share, By Distribution Channel, 2019 & 2026F |
3.7. Europe Hand Tool Market Revenue Share, By End User, 2019 & 2026F |
3.8. Europe Hand Tool Market Revenue Share, By Regions, 2019 & 2026F |
4. Europe Hand Tool Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Europe Hand Tool Market Trends |
6. Europe Hand Tool Market, By Type |
6.1. Europe Hand Tool Market, By Type |
6.1.1. Overview and Analysis |
6.1.2. Europe Hand Tool Market Revenue, By Wrench, 2016 - 2026F |
6.1.3. Europe Hand Tool Market Revenue, By Plier, 2016 - 2026F |
6.1.4. Europe Hand Tool Market Revenue, By Screw Driver, 2016 - 2026F |
6.1.5. Europe Hand Tool Market Revenue, By Hammer, 2016 - 2026F |
6.1.6. Europe Hand Tool Market Revenue, By Cable Cutter, 2016 - 2026F |
6.1.7. Europe Hand Tool Market Revenue, By Others, 2016 - 2026F |
7. Europe Hand Tool Market, By Distribution Channel |
7.1. Europe Hand Tool Market, By Distribution Channel |
7.1.1. Overview and Analysis |
7.1.2. Europe Hand Tool Market Revenue, By Industrial, 2016 - 2026F |
7.1.3. Europe Hand Tool Market Revenue, By DIY, 2016 - 2026F |
7.1.4. Europe Hand Tool Market Revenue, By Professional, 2016 - 2026F |
8. Europe Hand Tool Market, By Distribution Channel |
8.1. Europe Hand Tool Market, By Distribution Channel |
8.1.1. Overview and Analysis |
8.1.2. Europe Hand Tool Market Revenue, By Online, 2016 - 2026F |
8.1.3. Europe Hand Tool Market Revenue, By Offline, 2016 - 2026F |
9. Germany Hand Tool Market |
9.1. Germany Hand Tool Market, By Type |
9.2. Germany Hand Tool Market, By Distribution Channel |
9.3. Germany Hand Tool Market, By End User |
9.4. Germany Hand Tool Market, By Regions |
10. United Kingdom Hand Tool Market |
10.1. United Kingdom Hand Tool Market, By Type |
10.2. United Kingdom Hand Tool Market, By Distribution Channel |
10.3. United Kingdom Hand Tool Market, By End User |
10.4. United Kingdom Hand Tool Market, By Regions |
11. France Hand Tool Market |
11.1. France Hand Tool Market, By Type |
11.2. France Hand Tool Market, By Distribution Channel |
11.3. France Hand Tool Market, By End User |
11.4. France Hand Tool Market, By Regions |
12. Italy Hand Tool Market |
12.1. Italy Hand Tool Market, By Type |
12.2. Italy Hand Tool Market, By Distribution Channel |
12.3. Italy Hand Tool Market, By End User |
12.4. Italy Hand Tool Market, By Regions |
13. Rest of Europe Hand Tool Market |
13.1. Rest of Europe Hand Tool Market Overview |
14. Europe Hand Tool Market Import-Export Trade Statistics |
14.1. Europe Hand Tool Market Export to Major Regions |
14.2. Europe Hand Tool Market Imports from Major Regions |
15. Europe Hand Tool Market Key Performance Indicators |
16. Europe Hand Tool Market - Opportunity Assessment |
16.1. Europe Hand Tool Market Opportunity Assessment, By Type, 2019 & 2026F |
16.2. Europe Hand Tool Market Opportunity Assessment, By Distribution Channel, 2019 & 2026F |
17. Europe Hand Tool Market - Competitive Landscape |
17.1. Europe Hand Tool Market Revenue Share, By Companies, 2019 |
17.2. Europe Hand Tool Market Competitive Benchmarking, By Operating and Technical Parameters |
18. Company Profiles |
19. Recommendations |
20. Disclaimer |