Product Code: ETC009512 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Russia Hand Tool market currently, in 2023, has witnessed an HHI of 3333, Which has increased slightly as compared to the HHI of 3169 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The hand tool market in Russia is expected to reach a value of $14.5 billion by 2026, registering a CAGR of 4.10% over the forecast period 2020-2026. The growing demand for consumer goods and construction activities is driving the growth of the Russian hand tool market. Some other factors such as improvement in economic conditions due to government initiatives, increased urbanization, and rising disposable income are supporting the development of these tools in Russia. Furthermore, innovative product launches with advanced technology are also playing an important role in increasing their demand among customers.
Due to improved business environment and changing lifestyle trends, there has been an increase in interest from foreign investors for investing into this sector which will further drive sales across various channels including retail outlets and online stores. In addition to this, companies are taking several measures such as offering discounts on bulk purchase along with promotional campaigns to attract more customers towards their products which will lead to higher revenue generation from this sector during the forecast period 2020-2026.
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 Russia Hand Tool Market Overview |
3.1 Russia Country Macro Economic Indicators |
3.2 Russia Hand Tool Market Revenues & Volume, 2019 & 2026F |
3.3 Russia Hand Tool Market - Industry Life Cycle |
3.4 Russia Hand Tool Market - Porter's Five Forces |
3.5 Russia Hand Tool Market Revenues & Volume Share, By Types, 2019 & 2026F |
3.6 Russia Hand Tool Market Revenues & Volume Share, By End-Users, 2019 & 2026F |
3.7 Russia Hand Tool Market Revenues & Volume Share, By Distribution Channels, 2019 & 2026F |
4 Russia Hand Tool Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for hand tools in industries such as construction, automotive, and manufacturing due to infrastructure development projects. |
4.2.2 Growing DIY (do-it-yourself) trend among consumers, leading to higher sales of hand tools for home improvement purposes. |
4.2.3 Technological advancements in hand tools, such as ergonomic designs and improved durability, attracting more consumers. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of hand tools. |
4.3.2 Intense competition among hand tool manufacturers leading to pricing pressures. |
4.3.3 Economic uncertainties affecting consumer spending and investment in hand tools. |
5 Russia Hand Tool Market Trends |
6 Russia Hand Tool Market, By Types |
6.1 Russia Hand Tool Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Russia Hand Tool Market Revenues & Volume, By Types, 2016 - 2026F |
6.1.3 Russia Hand Tool Market Revenues & Volume, By Wrench, 2016 - 2026F |
6.1.4 Russia Hand Tool Market Revenues & Volume, By Plier, 2016 - 2026F |
6.1.5 Russia Hand Tool Market Revenues & Volume, By Screw Drivers, 2016 - 2026F |
6.1.6 Russia Hand Tool Market Revenues & Volume, By Hammers, 2016 - 2026F |
6.1.7 Russia Hand Tool Market Revenues & Volume, By Cable cutter, 2016 - 2026F |
6.1.8 Russia Hand Tool Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 Russia Hand Tool Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Russia Hand Tool Market Revenues & Volume, By Professional, 2016 - 2026F |
6.2.3 Russia Hand Tool Market Revenues & Volume, By Industrial, 2016 - 2026F |
6.2.4 Russia Hand Tool Market Revenues & Volume, By DIY, 2016 - 2026F |
6.3 Russia Hand Tool Market, By Distribution Channels |
6.3.1 Overview and Analysis |
6.3.2 Russia Hand Tool Market Revenues & Volume, By Online, 2016 - 2026F |
6.3.3 Russia Hand Tool Market Revenues & Volume, By Offline, 2016 - 2026F |
7 Russia Hand Tool Market Import-Export Trade Statistics |
7.1 Russia Hand Tool Market Export to Major Countries |
7.2 Russia Hand Tool Market Imports from Major Countries |
8 Russia Hand Tool Market Key Performance Indicators |
8.1 Average selling price (ASP) of hand tools in the Russian market. |
8.2 Number of new product launches and innovations in the hand tool segment. |
8.3 Consumer sentiment towards purchasing hand tools, measured through surveys or focus groups. |
9 Russia Hand Tool Market - Opportunity Assessment |
9.1 Russia Hand Tool Market Opportunity Assessment, By Types, 2019 & 2026F |
9.2 Russia Hand Tool Market Opportunity Assessment, By End-Users, 2019 & 2026F |
9.3 Russia Hand Tool Market Opportunity Assessment, By Distribution Channels, 2019 & 2026F |
10 Russia Hand Tool Market - Competitive Landscape |
10.1 Russia Hand Tool Market Revenue Share, By Companies, 2019 |
10.2 Russia Hand Tool Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |