Expansion of Global Non-Power-Driven Hand Tool Industry is Forecast to Reach 4.7% P.A.

Date: 2015-08-13

“The expansion of the global non-power-driven hand tool industry is forecast to reach 4.7% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 4.4%. 

Currently, saw blades account for 19.0% of the global demand while the remaining market share is divided between hand-operated wrenches and spanners (11.8%), pincers, pliers and tweezers (8.1%), sets of non-power driven hand tools (7.2%), wrench sockets, ratchet handles, spinners and extensions (5.3%), clamps and vices (4.0%), screwdrivers (3.6%), hammers and sledge hammers (2.5%), shovels and spades (1.9%), hand saws (1.9%), rasps and files (1.6%), rakes, picks, mattocks and hoes (1.5%), bolt croppers, pipe-cutters and perforating punches (1.4%), bill hooks, axes and hewing tools (1.2%), two-handed shears (1.2%), one handed shears and secateurs (1.1%), wire and metal cutting shears (0.8%), tapping, drilling and threading tools (0.8%), gouges, chisels and planes (0.8%), blow lamps (0.4%), forks (0.3%) and other non-power-driven hand tools (23.6%).”

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