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.
Major market players include in this report:
- 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.
- Vata Tools.
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- The KSA and UAE Hand Tools Market report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors.
- The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.
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.
In addition, the report offers a SWOT analysis including information regarding driving and restraining factors of the market growth. Such statistical tools provide vital information regarding understanding lucrative opportunities in the market. The report is essential for market players and new industry entrants to devise their strategies and leverage the opportunities in the market.
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The KSA and UAE Hand Tools Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.
Covid-19 scenario:
The global report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.
The report provides a study of the past and current market trends and evaluates the future opportunities. The KSA and UAE Hand Tools Market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.
The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.
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