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 (Qatar, Bahrain, UAE, Saudi Arabia and rest of Middle East) and Competitive Landscape
Product Code: ETC054452 | Publication Date: Apr 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East hand tool market is recording immense opportunities in the hand tools market on account of factors such as growth in the automotive sector, speedy increase in population along a surge in economic diversification projects. Factors such as increasing cost of repairs and modifications, robust growth in construction activities, consumer preference for independent or self-services would speed up the demand for Hand tools during the prognosis period. Additionally, a Low-profit margin on account of lack of skilled professionals and acute competition are some of the major challenges that restrain the growth of this market Moreover, the growing popularity of power tools and their multipurpose application might also hinder the growth of this market. Further, due to the outbreak of the coronavirus pandemic, the sales of Hand tool products are affected worldwide.
According to 6Wresearch, the Middle East Hand tool Market size is projected to witness substantial growth during 2020-26. Currently, the UAE and Qatar account for the highest revenue share in the overall Hand tool market and is expected to maintain their dominance during the forecast period as well. Additionally, countries such as UAE and Qatar are expected to be a rewarding market for the hand tool market primarily due to the highest number of construction projects, upcoming events such as the World Expo in 2020, and FIFA World Cup 2022. Apart from this, countries like Turkey are expected to post further development in the construction sector after the recovery from an economic slowdown.
The Middle East hand tools market is expected to garner potential revenues in the upcoming years backed by a boost in the construction sector. This could be attributed to the fact that the Hand tool 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.
Some of the key players operating in the Middle East hand tool market are professional tools and trading company, Qatar, Irwin tools, Lenox tools, Facom, Knipex tools.
The Middle East hand tools market report thoroughly covers the market by type, end-user, distribution channels, and countries including UAE, Saudi Arabia, Qatar, Bahrain and the rest of the Middle East. 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. Middle East Hand Tool Market Overview |
3.1. Middle East Country Macro Economic Indicators |
3.2. Middle East Hand Tool Market Revenue, 2019 & 2026F |
3.3. Middle East Hand Tool Market - Industry Life Cycle |
3.4. Middle East Hand Tool Market - Porter's Five Forces |
3.5. Middle East Hand Tool Market Revenue Share, By Type, 2019 & 2026F |
3.6. Middle East Hand Tool Market Revenue Share, By Distribution Channel, 2019 & 2026F |
3.7. Middle East Hand Tool Market Revenue Share, By End User, 2019 & 2026F |
3.8. Middle East Hand Tool Market Revenue Share, By Regions, 2019 & 2026F |
4. Middle East Hand Tool Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Middle East Hand Tool Market Trends |
6. Middle East Hand Tool Market, By Type |
6.1. Middle East Hand Tool Market, By Type |
6.1.1. Overview and Analysis |
6.1.2. Middle East Hand Tool Market Revenue, By Wrench, 2016 - 2026F |
6.1.3. Middle East Hand Tool Market Revenue, By Plier, 2016 - 2026F |
6.1.4. Middle East Hand Tool Market Revenue, By Screw Driver, 2016 - 2026F |
6.1.5. Middle East Hand Tool Market Revenue, By Hammer, 2016 - 2026F |
6.1.6. Middle East Hand Tool Market Revenue, By Cable Cutter, 2016 - 2026F |
6.1.7. Middle East Hand Tool Market Revenue, By Others, 2016 - 2026F |
7. Middle East Hand Tool Market, By Distribution Channel |
7.1. Middle East Hand Tool Market, By Distribution Channel |
7.1.1. Overview and Analysis |
7.1.2. Middle East Hand Tool Market Revenue, By Industrial, 2016 - 2026F |
7.1.3. Middle East Hand Tool Market Revenue, By DIY, 2016 - 2026F |
7.1.4. Middle East Hand Tool Market Revenue, By Professional, 2016 - 2026F |
8. Middle East Hand Tool Market, By Distribution Channel |
8.1. Middle East Hand Tool Market, By Distribution Channel |
8.1.1. Overview and Analysis |
8.1.2. Middle East Hand Tool Market Revenue, By Online, 2016 - 2026F |
8.1.3. Middle East Hand Tool Market Revenue, By Offline, 2016 - 2026F |
9. Saudi Arabia Hand Tool Market |
9.1. Saudi Arabia Hand Tool Market, By Type |
9.2. Saudi Arabia Hand Tool Market, By Distribution Channel |
9.3. Saudi Arabia Hand Tool Market, By End User |
9.4. Saudi Arabia Hand Tool Market, By Regions |
10. UAE Hand Tool Market |
10.1. UAE Hand Tool Market, By Type |
10.2. UAE Hand Tool Market, By Distribution Channel |
10.3. UAE Hand Tool Market, By End User |
10.4. UAE Hand Tool Market, By Regions |
11. Qatar Hand Tool Market |
11.1. Qatar Hand Tool Market, By Type |
11.2. Qatar Hand Tool Market, By Distribution Channel |
11.3. Qatar Hand Tool Market, By End User |
11.4. Qatar Hand Tool Market, By Regions |
12. Bahrain Hand Tool Market |
12.1. Bahrain Hand Tool Market, By Type |
12.2. Bahrain Hand Tool Market, By Distribution Channel |
12.3. Bahrain Hand Tool Market, By End User |
12.4. Bahrain Hand Tool Market, By Regions |
13. Rest of Middle East Hand Tool Market |
13.1. Rest of Middle East Hand Tool Market Overview |
14. Middle East Hand Tool Market Import-Export Trade Statistics |
14.1. Middle East Hand Tool Market Export to Major Regions |
14.2. Middle East Hand Tool Market Imports from Major Regions |
15. Middle East Hand Tool Market Key Performance Indicators |
16. Middle East Hand Tool Market - Opportunity Assessment |
16.1. Middle East Hand Tool Market Opportunity Assessment, By Type, 2019 & 2026F |
16.2. Middle East Hand Tool Market Opportunity Assessment, By Distribution Channel, 2019 & 2026F |
17. Middle East Hand Tool Market - Competitive Landscape |
17.1. Middle East Hand Tool Market Revenue Share, By Companies, 2019 |
17.2. Middle East Hand Tool Market Competitive Benchmarking, By Operating and Technical Parameters |
18. Company Profiles |
19. Recommendations |
20. Disclaimer |