Household Hand Tools Market 2025 Global Key
Segmentation, Forecast & Opportunities
The global household hand tools market is estimated to reach USD 5.4 billion, by 2025, and is projected to
grow at a CAGR of 4.0% from 2019 to 2025, according to a new report by Million Insights. The increase in the
demand for hand tools in the household is attributed to the changing consumer behavior and preference
towards (DIY) approach. Owing to the increasing labor costs especially in countries such as the U.S., U.K., and
Canada are expected to increase the demand for the product in the next few years.
The advancement in technology is expected to play a vital role in manufacturing handy equipment for
household repairing. Due to this factor, the consumers are now adopting the self-help method to repair &
modify at home.
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The availability of various ranges of the multifunctional tools to cater consumer requirements is projected to
foster the demand for hand tools. The manufacturers in the market are offering highly durable and string tools
made by using steel, iron, black metal and wood.
Household Hand Tools Market Report provides in-depth analysis of industry by
production, share, size, Demand, Proposition, Development, Opportunities, Growth,
Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment
Feasibility, Major Key Players, SWOT analysis and Forecast.
Moreover, the manufacturers focus on producing multi-functional tools in compact sizes to meet consumer
needs. For example, in 2019, Bosch introduced Bosch GSB 500 RE kit for repair and modifying household
applications. These new product innovations are expected to boost the demand for handy tools.
General hand tools are projected to grow at the fastest CAGR of 4.2% from 2019 to 2025. These tools are
mainly used for minor repair and