Mechanical Hand Tools Market Continues Rapid Growth, Study Reveals Market Size for Emerging Segments and Forecast 2030
Mechanical Hand Tools Market Scope: Mechanical Hand Tools Market was valued at USD 16,127.67 Million in 2022 and is poised to reach USD 21,394.92 million with a CAGR of 4.12% during the forecast period. The huge demand for household applications, rise in industrialization, and resurgence of the construction sector are major drivers of the market. The use of mechanical tools is likely to surge owing to the manufacturing sector and establishment of various facilities for expediting production. Moreover, the need for wooden hand tools in the furniture industry as well for fixing minor issues in households can beckon the market demand. Competitive Outlook TOYA SA, Hilti Corporation, Techtronic Industries Co. Ltd, Makita Corporation, Snap-on, Klein Tools, Metabowerke GmbH, Wurth Group, Robert Bosch Tool Corporation, Stanley Black & Decker, Inc, and others are key players of the global mechanical hand tools market. The devise of customized hand t...