UK Hand Tools Market Growth Analysis 2021-2025: Channellock Inc., Draper Tools Ltd., and Kennametal Inc., are Among the Major Vendors 

The hand tools market share in the UK is expected to grow by post an incremental growth of USD 163.73 million, accelerating at a CAGR of 6.09% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report

Hand Tools Market in the UK: Market Segments and Key Trends

The hand tools market in the UK is segmented by End-user (Industrial and Household) and Application (General-purpose, Metal cutting, and Others). The introduction of ergonomically designed hand tools is the major hand tools market trend in the UK which will positively influence the market growth.

The hand tools market growth in the UK by industrial will be significant during the forecast period. The growth of the industrial sector is notably driving the demand for hand tools. The growth of the segment is attributed to the increased industrial output, which is driven by industry (including construction) value-added applications.

The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Hand Tools Market In the UK: Top Drivers to Boost Demand

The growing popularity of DIY activities is one of the primary factors that will drive the hand tools market growth in the UK. However, fluctuating raw material prices are the major hindrance for market vendors. The report provides a detailed study of all the other drivers and challenges that are likely to boost market growth. 

Hand Tools Market In the UK: Competitive Landscape

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

Channellock Inc., Draper Tools Ltd., Kennametal Inc., KNIPEX-Werk, Milwaukee Electric Tool Corp., Snap-on Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., Thomas Flinn and Co., and Wera Werkzeuge GmbH are some of the major market participants.

The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report

Hand Tools Market In the UK: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive hand tools market growth in the UK during the next five years
• Precise estimation of the hand tools market size in the UK and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hand tools industry across the UK
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the hand tools market vendors in the UK

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 6.09%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 163.73 million.
    
3. What is a key factor driving this market?
   The growing popularity of DIY activities will drive market growth over the forecast period.
    
4. Who are the leading market vendors?
   The leading vendors in this market are Channellock Inc., Draper Tools Ltd., Kennametal Inc., KNIPEX-Werk, Milwaukee Electric Tool Corp., Snap-on Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., Thomas Flinn and Co., and Wera Werkzeuge GmbH
    
5. What are the market segments covered in this report?
   The market is segmented by End-user (Industrial and Household) and Application (General-purpose, Metal cutting, and Others).