Analyst Viewpoint
Rise in e-commerce is propelling the household & DIY hand tools market size. Online marketplaces, such as Amazon, Flipkart, and Alibaba, allow individuals to browse, select, and purchase items from many options. E-commerce sites are beneficial to the consumer and drive competition and product differentiation.
Prominent players operating in the global household & DIY hand tools industry are experimenting with tool designs and materials to expand their product portfolio. Increase in popularity of the DIY lifestyle is boosting the household & DIY hand tools market share. The simplicity, cost-effectiveness, and versatility of hand tools, such as tap measures, pliers, and handsaws, make them vital for DIY project completion and progression.
Household & DIY hand tools are used for home repair and renovation projects. These tools help complete tasks such as fixing leaky faucets, hanging pictures, and regular household upkeep. Hand tools are easy to use, portable, and do not require any external power sources which makes them accessible and useful for anyone who wants to undertake regular house maintenance.
Tape measures, utility knives, handsaws, and pliers are common types of household & DIY hand tools. Rapid urbanization and immigration and growth in social media-fueled trends of do-it-yourself activities are expected to spur the household & DIY hand tools market progress in the near future.
Surge in e-commerce platforms is acting as a catalyst to the household & DIY hand tools market development as vendors and retailers adapt to consumer habits. E-commerce offers easy accessibility, allowing individuals to browse, compare, and purchase tools globally. This opens novel business opportunities in diverse markets, thereby boosting the household & DIY hand tools industry revenue.
General household repairs and DIY project-related tools can be ordered or found on mainstream e-commerce platforms such as Amazon, Flipkart, and Alibaba. These platforms are visited by millions and offer a plethora of options while being a trusted and reliable source for delivery.
The global reach of online commerce also makes the landscape competitive as it encourages innovation and fosters product differentiation. The productivity of hand tools such as wrenches, screwdrivers, and hammers has increased in the recent past due to technological advancements that save labor operation time and make versatile customizations possible.
Significant rise in the popularity of DIY lifestyle can be ascribed to increase in desire for affordable home improvements, personalized projects, and a sense of accomplishment. The presence of a large number of YouTube tutorial videos and other online content based around a helpful community further empowers interested individuals to take part in the lifestyle.
Hand tools play a crucial role in the completion and progression of the DIY lifestyle. The simplicity, affordability, and versatility of hand tools make them necessary for a wide range of tasks which align well with the DIY lifestyle ethos. A survey conducted by StorageCafe stated that nearly 52% of the people in the U.S. who completed home renovation projects, did the work on their own. As per ComfyLiving, 36% of the people in the U.S. took a DIY project to give their living spaces more character.
According to the latest household & DIY hand tools market trends, Asia Pacific held the largest share in 2022. Rapid urbanization, increase in disposable income, and growth in trend of DIY activities are fueling the market dynamics of the region. China is a major manufacturing hub in Asia Pacific. The presence of manufacturing hubs and robust retail infrastructure, propelled by cheap labor and easy access to raw materials, is also driving market statistics in the region. As per the National Bureau of Statistics of China, in 2022, the newly started area of houses was 1,205.87 million square meters accounting for 6.5 million new residential properties in the country.
According to the latest household & DIY hand tools market research, the industry in North America and Europe is projected to grow at a steady pace during the forecast period due to demand from an increasing DIY projects community. A high per capita income and a mature consumer market are boosting the market trajectory in these regions.
According to recent household & DIY hand tools market analysis, prominent manufacturers are investing significantly in advancements in the domestic hand tool market and household toolkit market to enhance the home improvement and renovation experience. A key strategy for vendors is the constant adoption of better tool designs and features to extend the scope of applications and meet the rise in demand from consumers.
Akar Tools Ltd., Apex Tools Group LLC, Channellock, Inc., JK Files and Engineering Limited, Kennametal Inc., Klein Tools, Inc., Snap-on Incorporated, Stanley Black & Decker, Inc., and Wera Tools are key players operating in this market.
These companies have been profiled in the household & DIY hand tools market report based on parameters such as company overview, business strategies, product portfolio, financial overview, and business segments.
| Attribute | Detail |
|---|---|
| Market Value in 2022 (Base Year) | US$ 17.9 Bn |
| Market Forecast Value in 2031 | US$ 26.5 Bn |
| Growth Rate (CAGR) | 4.5% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2017-2031 |
| Quantitative Units | US$ Bn for Value |
| Market Analysis | Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Regions Covered |
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| Countries Covered |
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| Market Segmentation |
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| Companies Profiled |
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| Customization Scope | Available upon Request |
| Pricing | Available upon Request |
It was valued at US$ 17.9 Bn in 2022
It is projected to grow at a CAGR of 4.5% from 2023 to 2031
Rise in e-commerce and surge in trend of do-it-yourself activities
The general purpose tools product type segment held the largest share in 2022
Asia Pacific was the leading region in 2022
Akar Tools Ltd., Apex Tools Group LLC, Channellock, Inc., JK Files and Engineering Limited, Kennametal Inc., Klein Tools, Inc., Snap-on Incorporated, Stanley Black & Decker, Inc., and Wera Tools
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Key Trends Analysis
5.2.1. Demand Side Analysis
5.2.2. Supply Side Analysis
5.3. Key Market Indicators
5.4. Value Chain Analysis
5.5. Industry SWOT Analysis
5.6. Porter’s Five Forces Analysis
5.7. Raw Material Analysis
5.8. Global Household & DIY Hand Tools Market Analysis and Forecast, 2017 - 2031
5.8.1. Market Revenue Projections (US$)
6. Global Household & DIY Hand Tools Market Analysis and Forecast, By Product Type
6.1. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Product Type, 2017 - 2031
6.1.1. General Purpose Tools
6.1.2. Metal Cutting Tools
6.1.3. Layout and Measuring Tools
6.1.4. Taps and Dies
6.2. Incremental Opportunity, By Product Type
7. Global Household & DIY Hand Tools Market Analysis and Forecast, By Sales Channel
7.1. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Sales Channel, 2017 - 2031
7.1.1. Online Sales
7.1.2. Retail Sales
7.1.3. Distributor Sales
7.2. Incremental Opportunity, By Sales Channel
8. Global Household & DIY Hand Tools Market Analysis and Forecast, By Region
8.1. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Region, 2017 - 2031
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
8.2. Incremental Opportunity, By Region
9. North America Household & DIY Hand Tools Market Analysis and Forecast
9.1. Regional Snapshot
9.2. Demographic Overview
9.3. Key Trend Analysis
9.3.1. Demand Side
9.3.2. Supply Side
9.4. Consumer Buying Behavior Analysis
9.5. Pricing Analysis
9.5.1. Weighted Average Selling Price (US$)
9.6. Market Share Analysis (%)
9.6.1. Local Manufacturers Vs Import
9.7. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Product Type, 2017 - 2031
9.7.1. General Purpose Tools
9.7.2. Metal Cutting Tools
9.7.3. Layout and Measuring Tools
9.7.4. Taps and Dies
9.8. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Sales Channel, 2017 - 2031
9.8.1. Online Sales
9.8.2. Retail Sales
9.8.3. Distributor Sales
9.9. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Country, 2017 - 2031
9.9.1. U.S.
9.9.2. Canada
9.9.3. Rest of North America
9.10. Incremental Opportunity Analysis
10. Europe Household & DIY Hand Tools Market Analysis and Forecast
10.1. Regional Snapshot
10.2. Demographic Overview
10.3. Key Trend Analysis
10.3.1. Demand Side
10.3.2. Supply Side
10.4. Consumer Buying Behavior Analysis
10.5. Pricing Analysis
10.5.1. Weighted Average Selling Price (US$)
10.6. Market Share Analysis (%)
10.6.1. Local Manufacturers Vs Import
10.7. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Product Type, 2017 - 2031
10.7.1. General Purpose Tools
10.7.2. Metal Cutting Tools
10.7.3. Layout and Measuring Tools
10.7.4. Taps and Dies
10.8. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Sales Channel, 2017 - 2031
10.8.1. Online Sales
10.8.2. Retail Sales
10.8.3. Distributor Sales
10.9. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Country, 2017 - 2031
10.9.1. U.K.
10.9.2. Germany
10.9.3. France
10.9.4. France
10.9.5. Italy
10.9.6. Spain
10.9.7. The Netherlands
10.9.8. Rest of Europe
10.10. Incremental Opportunity Analysis
11. Asia Pacific Household & DIY Hand Tools Market Analysis and Forecast
11.1. Regional Snapshot
11.2. Demographic Overview
11.3. Key Trend Analysis
11.3.1. Demand Side
11.3.2. Supply Side
11.4. Consumer Buying Behavior Analysis
11.5. Pricing Analysis
11.5.1. Weighted Average Selling Price (US$)
11.6. Market Share Analysis (%)
11.6.1. Local Manufacturers Vs Import
11.7. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Product Type, 2017 - 2031
11.7.1. General Purpose Tools
11.7.2. Metal Cutting Tools
11.7.3. Layout and Measuring Tools
11.7.4. Taps and Dies
11.8. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Sales Channel, 2017 - 2031
11.8.1. Online Sales
11.8.2. Retail Sales
11.8.3. Distributor Sales
11.9. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Country, 2017 - 2031
11.9.1. China
11.9.2. India
11.9.3. Japan
11.9.4. South Korea
11.9.5. Australia
11.9.6. ASEAN
11.9.7. Rest of Asia Pacific
11.10. Incremental Opportunity Analysis
12. Middle East & Africa Household & DIY Hand Tools Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Demographic Overview
12.3. Key Trend Analysis
12.3.1. Demand Side
12.3.2. Supply Side
12.4. Consumer Buying Behavior Analysis
12.5. Pricing Analysis
12.5.1. Weighted Average Selling Price (US$)
12.6. Market Share Analysis (%)
12.6.1. Local Manufacturers Vs Import
12.7. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Product Type, 2017 - 2031
12.7.1. General Purpose Tools
12.7.2. Metal Cutting Tools
12.7.3. Layout and Measuring Tools
12.7.4. Taps and Dies
12.8. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Sales Channel, 2017 - 2031
12.8.1. Online Sales
12.8.2. Retail Sales
12.8.3. Distributor Sales
12.9. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Country, 2017 - 2031
12.9.1. UAE
12.9.2. Saudi Arabia
12.9.3. Kuwait
12.9.4. Qatar
12.9.5. Nigeria
12.9.6. South Africa
12.9.7. Rest of Middle East & Africa
13. South America Household & DIY Hand Tools Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Demographic Overview
13.3. Key Trend Analysis
13.3.1. Demand Side
13.3.2. Supply Side
13.4. Consumer Buying Behavior Analysis
13.5. Pricing Analysis
13.5.1. Weighted Average Selling Price (US$)
13.6. Market Share Analysis (%)
13.6.1. Local Manufacturers Vs Import
13.7. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Product Type, 2017 - 2031
13.7.1. General Purpose Tools
13.7.2. Metal Cutting Tools
13.7.3. Layout and Measuring Tools
13.7.4. Taps and Dies
13.8. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Sales Channel, 2017 - 2031
13.8.1. Online Sales
13.8.2. Retail Sales
13.8.3. Distributor Sales
13.9. Household & DIY Hand Tools Market Size (US$ Mn) Forecast, By Country, 2017 - 2031
13.9.1. Brazil
13.9.2. Argentina
13.9.3. Rest of South America
13.10. Incremental Opportunity Analysis
14. Competition Landscape
14.1. Market Player – Competition Dashboard
14.2. Market Share Analysis (%), 2022
14.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview, Go-To-Market Strategy)
14.3.1. Akar Tools Ltd.
14.3.1.1. Company Overview
14.3.1.2. Sales Area
14.3.1.3. Geographical Presence
14.3.1.4. Revenue
14.3.1.5. Strategy & Business Overview
14.3.1.6. Go-To-Market Strategy
14.3.2. Apex Tools Group LLC
14.3.2.1. Company Overview
14.3.2.2. Sales Area
14.3.2.3. Geographical Presence
14.3.2.4. Revenue
14.3.2.5. Strategy & Business Overview
14.3.2.6. Go-To-Market Strategy
14.3.3. Channellock, Inc.
14.3.3.1. Company Overview
14.3.3.2. Sales Area
14.3.3.3. Geographical Presence
14.3.3.4. Revenue
14.3.3.5. Strategy & Business Overview
14.3.3.6. Go-To-Market Strategy
14.3.4. JK Files and Engineering Limited
14.3.4.1. Company Overview
14.3.4.2. Sales Area
14.3.4.3. Geographical Presence
14.3.4.4. Revenue
14.3.4.5. Strategy & Business Overview
14.3.4.6. Go-To-Market Strategy
14.3.5. Kennametal Inc.
14.3.5.1. Company Overview
14.3.5.2. Sales Area
14.3.5.3. Geographical Presence
14.3.5.4. Revenue
14.3.5.5. Strategy & Business Overview
14.3.5.6. Go-To-Market Strategy
14.3.6. Klein Tools, Inc.
14.3.6.1. Company Overview
14.3.6.2. Sales Area
14.3.6.3. Geographical Presence
14.3.6.4. Revenue
14.3.6.5. Strategy & Business Overview
14.3.6.6. Go-To-Market Strategy
14.3.7. Snap-on Incorporated
14.3.7.1. Company Overview
14.3.7.2. Sales Area
14.3.7.3. Geographical Presence
14.3.7.4. Revenue
14.3.7.5. Strategy & Business Overview
14.3.7.6. Go-To-Market Strategy
14.3.8. Stanley Black & Decker, Inc.
14.3.8.1. Company Overview
14.3.8.2. Sales Area
14.3.8.3. Geographical Presence
14.3.8.4. Revenue
14.3.8.5. Strategy & Business Overview
14.3.8.6. Go-To-Market Strategy
14.3.9. Wera Tools
14.3.9.1. Company Overview
14.3.9.2. Sales Area
14.3.9.3. Geographical Presence
14.3.9.4. Revenue
14.3.9.5. Strategy & Business Overview
14.3.9.6. Go-To-Market Strategy
15. Go To Market Strategy
15.1. Identification of Potential Market Spaces
15.2. Understanding the Buying Process of the Customers
List of Tables
Table 1: Global Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Table 2: Global Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Table 3: Global Household & DIY Hand Tools Market Value, by Region, US$ Mn, 2023-2031
Table 4: North America Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Table 5: North America Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Table 6: North America Household & DIY Hand Tools Market Value, by Country, US$ Mn, 2017-2031
Table 7: Europe Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Table 8: Europe Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Table 9: Europe Household & DIY Hand Tools Market Value, by Country, US$ Mn, 2017-2031
Table 10: Asia Pacific Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Table 11: Asia Pacific Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Table 12: Asia Pacific Household & DIY Hand Tools Market Value, by Country, US$ Mn, 2017-2031
Table 13: Middle East & Africa Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Table 14: Middle East & Africa Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Table 15: Middle East & Africa Household & DIY Hand Tools Market Value, by Country, US$ Mn, 2017-2031
Table 16: South America Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Table 17: South America Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Table 18: South America Household & DIY Hand Tools Market Value, by Country, US$ Mn, 2017-2031
List of Figures
Figure 1: Global Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Figure 2: Global Household & DIY Hand Tools Market Incremental Opportunity, by Product Type, 2023-2031
Figure 3: Global Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Figure 4: Global Household & DIY Hand Tools Market Incremental Opportunity, By Sales Channel, 2023-2031
Figure 5: Global Household & DIY Hand Tools Market Value, by Region, US$ Mn, 2017-2031
Figure 6: Global Household & DIY Hand Tools Market Incremental Opportunity, by Region,2023-2031
Figure 7: North America Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Figure 8: North America Household & DIY Hand Tools Market Incremental Opportunity, by Product Type, 2023-2031
Figure 9: North America Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Figure 10: North America Household & DIY Hand Tools Market Incremental Opportunity, By Sales Channel, 2023-2031
Figure 11: North America Household & DIY Hand Tools Market Value, by Country, US$ Mn, 2017-2031
Figure 12: North America Household & DIY Hand Tools Market Incremental Opportunity, by Country, 2023-2031
Figure 13: Europe Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Figure 14: Europe Household & DIY Hand Tools Market Incremental Opportunity, by Product Type, 2023-2031
Figure 15: Europe Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Figure 16: Europe Household & DIY Hand Tools Market Incremental Opportunity, By Sales Channel, 2023-2031
Figure 17: Europe Household & DIY Hand Tools Market Value, by Country/Sub-Region, US$ Mn, 2017-2031
Figure 18: Europe Household & DIY Hand Tools Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
Figure 19: Asia Pacific Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Figure 20: Asia Pacific Household & DIY Hand Tools Market Incremental Opportunity, by Product Type, 2023-2031
Figure 21: Asia Pacific Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Figure 22: Asia Pacific Household & DIY Hand Tools Market Incremental Opportunity, By Sales Channel, 2023-2031
Figure 23: Asia Pacific Household & DIY Hand Tools Market Value, by Country/Sub-Region, US$ Mn, 2017-2031
Figure 24: Asia Pacific Household & DIY Hand Tools Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
Figure 25: Middle East & Africa Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Figure 26: Middle East & Africa Household & DIY Hand Tools Market Incremental Opportunity, by Product Type, 2023-2031
Figure 27: Middle East & Africa Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Figure 28: Middle East & Africa Household & DIY Hand Tools Market Incremental Opportunity, By Sales Channel, 2023-2031
Figure 29: Middle East & Africa Household & DIY Hand Tools Market Value, by Country/Sub-Region, US$ Mn, 2017-2031
Figure 30: Middle East & Africa Household & DIY Hand Tools Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
Figure 31: South America Household & DIY Hand Tools Market Value, by Product Type, US$ Mn, 2017-2031
Figure 32: South America Household & DIY Hand Tools Market Incremental Opportunity, by Product Type, 2023-2031
Figure 33: South America Household & DIY Hand Tools Market Value, By Sales Channel, US$ Mn, 2017-2031
Figure 34: South America Household & DIY Hand Tools Market Incremental Opportunity, By Sales Channel, 2023-2031
Figure 35: South America Household & DIY Hand Tools Market Value, by Country/Sub-Region, US$ Mn, 2017-2031
Figure 36: South America Household & DIY Hand Tools Market Incremental Opportunity, by Country/Sub-Region, 2023-2031
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Household & DIY Hand Tools Market
*86 figures and 60 tables includes