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.
Request to View Sample of Report -
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.
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.
Request to View Brochure of Report -
No comments:
Post a Comment