Hand Tools Market

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The world hand tool market is estimated to be in excess of US$ 10 billion. We give below a study of the hand tool market of some of the major hand tools producing countries of the world:

Hand Tool Market of China
China has a long history of hand tools manufacturing. The value of China's exports of hand tools grew by 28% in 2004 and it is still growing. Overseas shipments increased from US$493 million in 2003 to US$630 million in 2004. On an average, there is a 20% growth rate of hand tools exports in the past several years.

Number of exporters	2800
Number of manufacturers	4000
Total exports	US$ 630 million
Capacity utilization	80%
Export ratio	83%
Industry snapshot (2004)

Hand Tool Market of India
India has a competitive advantage in the hand tool industry compared to other countries because of easy availability of raw materials, entrepreneurship skills and skilled labor at competitive wages. The hand tool industry as a whole is witnessing a shift of manufacturing base from traditional manufacturing countries in Europe and Taiwan to the developing world and this is a good sign for India to benefit. There has been an average growth of 17% per annum of the hand tool market in India for the last 7 years.

Estimated No. of Units in India	2500
SSI Units	95%
Large Units	7
Estimated number of workers	25000
Major Manufacturing regions	Jallandhar/ Nagaur
Total exports in 2001-02	5215.5 million Rs.
Industry snapshot

US Hand Tool Market
The U.S. hand tool industry is estimated to be a $6.2 billion. Hand tool demand, including power tool in the United States is expected to rise 3.1% annually through 2011, reaching $14.3 billion, according to a recently released report. There are more than 1,000 firms active in the U.S. hand and power tools industry, ranging from small, privately owned firms to major corporations like Stanley Works, Black & Decker, Bosch, Danaher and Snap-on etc. Infact these major companies accounted for nearly 55 percent of sales in 2006.

EU Hand Tool Market
The EU markets for hand tools and power tools belong to six major countries. They are as follows:

Germany Belgium United Kingdom

The Netherlands Italy and France

Total EU exports of hand tools amounted to € 6,436 million in 2001. The major countries represented 77% of European exports of hand tools and power tools world-wide. In EU, there is an aggressive pricing strategy of unbranded products, especially in the DIY market segment. Mainly Chinese companies are developing this market with no-name products that are 25 to 50% lower in cost than an European product.

Consumption, exports and imports of hand and power tools in the EU, 2001, € million

	EU	Germany	United Kingdom	France	Belgium	The Netherlands
Consu mption	Total 12700	3150	1250	1210	950	600
	Hand tools 7500	1900	680	900		208
	Power tools 5200	1250	570	310		392
Exports	6436	2140	711	367	804	732
Imports	7544	1611	995	866	1034	746