The KSA and UAE hand tools market was valued at $363.20 million in 2019, and is projected to reach $476.80 million by 2027, registering a CAGR of 4.7% from 2020 to 2027. Hand tools constitute tools and equipment that are manually operated. These tools are generally used in application such as carpentry, plumbing, automobile servicing, gardening, agriculture and framing applications. These tools are used for cutting, sharpening, tightening & loosening, holding and fixing the pipes, nuts & bolts and other work pieces. Hand tools are sold through offline channel that consists of authorized distributors, retail outlets and wholesalers. Whereas in online mode, the hand tools are sold through company website as well as third party e-commerce website. The hand tools are used by individuals for Do-It-Yourself (DIY) and commercial professionals for personal and commercial & industrial purposes.
The KSA and UAE hand tools market size is mainly driven by sale of hand tools for new construction and maintenance in construction, oil & gas and automobile industry. Hand tools are used for plumbing, refurbishing of roofs and tiles and recoloring of walls in construction. In addition, hand tools are used in oil & gas and automobile industry while servicing the engines, pipelines and other systems for smooth operation. Further, the power tools in the market are currently available at a high cost. This encourages individual buyers and professionals to buy hand tools that are lower in cost as compared to power tools.
However, automation is being rapidly adopted in all the industries around the world, owing to which several market leaders of hand tools such as Bosch and Stanley, are developing low cost power tools, which is expected to hamper the KSA and UAE hand tools market. Furthermore, during the outbreak of COVID-19, construction, manufacturing, hotel, and tourism industries were majorly affected. Construction activities were stopped or restricted to a huge extent. Manufacturing and transportation activities, along with their supply chains were hampered on a global level. This led to decline in construction activities, oil & gas production and automobile sector, which in turn hampered the KSA and UAE hand tools market. However, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of construction, oil & gas and automobile companies at their full-scale capacities, which is expected to help the market to recover by mid of 2021. On the contrary, DIY culture is gradually catching up in KSA and UAE owing to easy availability of DIY courses and videos on several platforms on the internet. Thus DIY is anticipated to be a major opportunity for the KSA and UAE hand tools market growth.
The KSA and UAE Hand Tools market is segmented on the basis of category, channel, end-user industry, and country. On the basis of category, the market is divided into wrenches, ratchets & sockets, tools storage, pliers, screwdrivers, torque control, measuring & scribing, cutting tools, striking tools and others. Depending on channel, it is classified into offline and online. By end-user industry, it is segregated into DIY and commercial & industrial. By country, it is analyzed across Kingdom of Saudi Arabia (KSA) and United Arab Emirates (UAE).
By Category
Tools storage segment holds the largest share in KSA and UAE hand tools market
By category, in 2019, the tools storage segment dominated the KSA and UAE hand tools market share, in terms of revenue and the wrenches segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of channel, the offline segment led the market in 2019 in terms of revenue and the online segment is anticipated to register the highest CAGR during the forecast period. By end-user industry, the commercial & industrial segment led the market in 2019, in terms of revenue and the DIY segment is anticipated to register the highest CAGR during the forecast period.
By End User
Commercial & Industrial segment holds dominant position in 2019
Competition analysis
The major players profiled in the KSA and UAE hand tools market include Channellock, Inc., Chronos (Clarke Tools), Illinois Tool Works Inc. (ITWIDS-TransTech), King Tony, Knipex, Nabil Tools & Hardware, Snap-on Incorporated, Stanley Black & Decker, Inc., TTI, Inc. and Vata Tools. Major companies in the market have adopted strategies such as business expansion, acquisition, and product launch to offer better products and services to customers in the KSA and UAE hand tools market.
By Region
KSA holds a dominant position in 2019 and UAE is expected to grow at a highest rate during the forecast period.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging KSA and UAE hand tools market trends and dynamics.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- In-depth KSA and UAE hand tools market analysis is conducted by estimations for the key segments between 2020 and 2027.
- A comprehensive analysis of four major regions is provided to determine the prevailing KSA and UAE hand tools market opportunities.
- The market forecast analysis from 2020 to 2027 is included in the report.
- The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.
Key Market Segments
By Category
- Wrenches
- Ratchets & Sockets
- Tools Storage
- Pliers
- Screwdrivers
- Torque Control
- Measuring & Scribing
- Cutting Tools
- Striking Tools
- Others
By Channel
- Offline
- Online
By End-user Industry
- DIY
- Commercial & Industrial
By Countries
- Kingdom of Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Vata Tools
KSA and UAE Hand Tools Market Report Highlights
| Aspects | Details |
 By CATEGORY |
|
 By CHANNEL |
|
 By END-USER INDUSTRY |
|
 By COUNTRY |
|
 Key Market Players | .KNIPEX, VATA TOOLS, STANLEY BLACK & DECKER, INC., TTI, INC., CHANNELLOCK, INC., CHRONOS (CLARKE TOOLS), SNAP-ON INCORPORATED, NABIL TOOLS & HARDWARE, KING TONY, .ILLINOIS TOOL WORKS INC. (ITWIDS-TRANSTECH) |
Analyst Review
The KSA and UAE hand tools market is mainly driven by new construction and maintenance mainly in construction, automobile and oil & gas industry. In addition, the high cost of power tools leads individuals and some professionals to opt for hand tools instead of power tools. The KSA and UAE hand tools market was valued at $363.20 million in 2019, and is projected to reach $476.80 million by 2027, registering a CAGR of 4.7% from 2020 to 2027.
However, introduction of new low-cost power tools by leading market players such as Bosch, is expected to increase the sales of power tools, which in turn acts as restraint to the market. On the contrary, the culture of DIY is gradually increasing in the KSA and UAE market, which is projected to boost the hand tools market during the forecast period.
Major companies in the market have adopted strategies such as acquisition, business expansion, and product launch, to offer better services to customers in the KSA and UAE hand tools market.
The KSA and UAE hand tools market size was valued at $363.2 million in 2019, and is projected to reach $476.8 million by 2027, growing at a CAGR of 4.7% from 2020 to 2027.
The forecast period considered for the KSA and UAE hand tools market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.
To get latest version of KSA and UAE hand tools market report can be obtained on demand from the website.
The base year considered in the KSA and UAE hand tools market report is 2019.
The top companies holding the market share in the KSA and UAE hand tools market report include Channellock, Inc., Chronos (Clarke Tools), Illinois Tool Works Inc. (ITWIDS-TransTech), King Tony, Knipex, Nabil Tools & Hardware, Snap-on Incorporated, Stanley Black & Decker, Inc., TTI, Inc. and Vata Tools.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
By category, in 2019 the tools storage segment dominated the KSA and UAE hand tools market, in terms of revenue and is expected to maintain this trend during the forecast period.
By end user, the commercial & industrial segment is the highest shareholder of KSA and UAE hand tools market.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The market value of the KSA and UAE hand tools market is $346.5 million in 2020.
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