Global Hand Tool Industry Expansion is Forecast to Reach 4.6% P.A.

Date: 2015-08-13

“The expansion of the global hand tool industry is forecast to reach 4.6% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 6.3%. Currently, electric hand-held drills account for 22.6% of the global demand while the remaining market share is divided between hand tool parts (11.6%), electric hand-held saws (9.2%), pneumatic hand tools (7.5%), chain saws (5.2%) and other hand tools (43.8%).

China, France, Germany, Japan and the United States represent the largest hand tool markets while the strongest annual growth is forecast to occur in Bangladesh (14.9%), Bolivia (11.3%), United States (9.4%), Ecuador (8.4%) and Kyrgyzstan (8.3%).”

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