Household & DIY Hand Tools Market: Players Resort To Product Innovation To Gain Competitive Advantage  2017 - 2025

-

 Transparency Market Research (TMR) observes the global household & DIY hand tools market has highly consolidated landscape. Apex Tools Group, Akar Tools Ltd., JK Files (India) Limited, Channellock, Inc., Klein Tools, Kennametal Inc., Snap-On, Wera Tools, and Stanley Black Decker are the key companies partaking in the expansion of global household & DIY hand tools market. These manufacturers are expected to spearhead the global production of household & DIY hand tools in the years to come. A majority of household & DIY hand tools manufacturers are expected to focus on developing multipurpose tools.

According to a report by Transparency Market Research (TMR), the global household & DIY hand tools market is assessed to witness a moderate expansion during the forecast period 2017-2026. While these manufacturers will continue to cater to the rising demands, the global household & DIY hand tools market will witness a modest value growth at 4% CAGR during the forecast period. The report also forecasts that by the end of 2026, more than US$ 9.1 Bn worth of household & DIY hand tools will be sold across the globe.

global household and diy hand tools market

Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38450

Technological Advancements to Fuel Adoption  

Increasing inclination of consumers towards the DIY approach has driven the demand for tools that can help them execute household repairs and works on their own. Available at cheap prices, a wide range of household & DIY hand tools can facilitate several purposes of undertaking common household fixtures and upkeeps. However, growing use of power tools is observed as a key deterrent for the adoption of household & DIY hand tools market. Availability of power tools at affordable prices continues to divert consumers from purchasing household & DIY hand tools.

Government Initiatives for Improving Knowledge to Create Opportunities

Household & DIY hand tools will be predominantly sold through retail outlets. Live demonstrations and usability tests conducted in retail outlets will factor their significant contribution to the overall sales of household & DIY hand tools. Throughout the forecast period, around two-fifth of household & DIY hand tool sales will be accounted by retail channels. The report further gives insights on the online sales of household & DIY hand tools. 

This information is comprised in the new report by TMR, titled “Household & DIY Hand Tools Market (Product Type – General Purpose Tools, Metal Cutting Tools, Layout and Measuring Tools, and Taps and Dies; Sales Channel – Online Sales, Retail Sales, and Distributor Sales) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026.”     

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more