Global Hand Tools Market | Segmentation, Outlook, Industry Report to 2026Posted by nabeel on February 19th, 2021 The global hand tools market is estimated to record a substantial CAGR of 2.8% during the forecast period (2020-2026). Hand tools today are highly driven by external factors including the usage environment. The evolution in the segment also happens through technification of its driving force, which is increasingly less dependent on human strength. Further, the current scenario for the tools industry is moving in the direction of greater technification, alongside greater autonomy and the mode of operation. Despite the consistent changes in the tools industry, the four principles of percussion, cutting, leverage, and rotation are set to be a standard in the coming years as well. (Get 15% Discount on Buying this Report) To Request a Sample of our Report on Global Hand Tools Market : https://www.omrglobal.com/request-sample/hand-tools-market The global hand tools market suffered a slowdown on account of the COVID-19 crisis as most of the economic activities were halted in 2020, especially during Q1 and Q2 2020. Most of the major revenue-generating end-users such as construction, automotive, commercial renovation, and home improvement activities were affected, leading to a decline in sales of hand tools. The curfew and lockdown procedures prevented the extensive application of hand tools by workers and contractors, thereby affecting the overall revenue generation for the market during the period. The utilization of hand drills, wrenches, drivers, cutters, and saws, which were considered as the major revenue-generating tools in the market, was potentially reduced during the early part of 2020. Market Coverage
Global Hand Tools Market Report Segment By Tool Type
o Hammers o Clamps and Vises o Pliers o Ratchets and Sockets o Riveters o Screwdrivers and Nut Drivers o Wrecking Bars o Wrenches
o Chisel and Files o Cable and Wire Cutting Tools o Knives and Blades o Saws
o Plumb Bob o Try Square
By End-User
Global Hand Tools Market Report Segment North America
Europe
Asia-Pacific
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