The Global Hand Tools Market Comprises cutting, measuring, gripping, layout and other general purpose hand tools that are used for various domestic and industrial purposes. Hand tools find widespread application in industries like construction, manufacturing, automotive, electrical work and do-it-yourself (DIY) activities at homes. Common hand tools include hammers, screwdrivers, pliers, crowbars, chisels, clamps, saws, levels, tapes and various other tools. Hand tools are portable, require minimal maintenance and are effective for tasks that do not require power tools. The convenience of using hand tools for precise tasks as well as their affordability has made them a necessity across all sectors.

The Global Hand Tools Market Size Was Valued At US$ 22.8 Billion In 2022, Exhibiting A Compound Annual Growth Rate (CAGR) Of 5.9% From 2023 To 2030.

Market drivers

The primary driver driving the  Hand Tools Market Size is the growing demand from the global construction industry. There has been significant government as well as private investment in infrastructure development of roads, bridges, airports and rail networks across both developing and developed economies. Construction activities for buildings, ports, dams and other structures also continue to rise annually. All such construction requires extensive use of hammers, wrenches, pliers, saws and other hand tools for tasks like woodworking, masonry, plumbing etc. Even with rapid mechanization, many applications still cannot do without manual labor and hand tool assistance. This translates to robust demand and ensures steady market growth for hand tools over the coming years.

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