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[English Market Research Report] Hand Tools Market

[English Market Research Report] Hand Tools Market

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The global hand tools market size reached 24.6 billion USD in 2022. Going forward, the IMARC Group forecasts a growth rate of 4.2% (CAGR) between 2023 and 2028, expecting it to reach 32.1 billion USD by 2028. Hand tools refer to a group of essential power tools and devices that must be operated manually without the use of energy sources such as electricity or motors. Typically manufactured through processes like heat treatment or forging, commonly used hand tools include hammers, wrenches, cable cutters, knives, scissors, chisels, pliers, saws, clamps, and drills. These tools assist in shaping objects into desired forms by relying on mechanical strength and performing various manual tasks such as forging, filing, chiseling, and sawing. Additionally, hand tools are cost-effective, compact, and lightweight, making them widely utilized across various industries. Currently, hand tools are primarily categorized into laying, striking, metal cutting, holding, sharpening, and grinding tools.

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【English Market Research Report】Global Market for Power Tools

【English Market Research Report】Global Market for Power Tools

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This report monitors the power tools market and predicts it will grow to USD 11.43 billion between 2022 and 2027, with a CAGR of 5.74% during the forecast period. The report provides a comprehensive analysis of the power tools market, including market size and forecasts, trends, growth drivers and challenges, as well as vendor analysis covering approximately 25 vendors. It offers the latest analysis of the current market scenario, recent trends and drivers, and the overall market environment. The market is driven by the increase in global construction and infrastructure development, accelerated replacement demand due to technological innovations, and the growing demand for home center products. This study highlights one of the key reasons for the growth of the power tools market in the coming years as the introduction of portable power tools equipped with smart technology. Additionally, the flexible battery systems and wireless charging of power tools, along with product innovations in the global power tools market, are expected to lead to significant demand.

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World Market for Desktop Tools: English Market Research Report

World Market for Desktop Tools: English Market Research Report

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The global market size for benchtop tools is projected to grow at a CAGR of 5.42% from 2022 to 2028. This report analyzes the global tabletop tools market, providing information on market size and forecasts, opportunities and trends, and key companies.

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[English Market Research Report] Hydraulic Tools Market

[English Market Research Report] Hydraulic Tools Market

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The global hydraulic tools market size reached 1.6 billion USD in 2022. Moving forward, the IMARC Group forecasts a growth rate of 4.4% (CAGR) between 2023 and 2028, with the market expected to reach 2 billion USD by 2028. Hydraulic tools are high-power tools widely used to operate hydraulic machinery with pressurized fluids. They are also utilized as power sources for construction cranes that facilitate tunnel construction, mining, road and highway construction, installation of barriers and fences, securing road signs to metal posts, and moving large heavy objects. They are robust, portable, flexible, and can be connected to hydraulic units or hydraulic systems for various industrial purposes. Hydraulic tubes are used to supply fluid to actuators and transmit the stored pressure to the movable parts of the machinery.

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【English Market Research Report】Brooch Tool Market

【English Market Research Report】Brooch Tool Market

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The global market size for broaching tools is estimated to be 1.26 billion USD in 2023 and is projected to reach 1.75 billion USD by 2030, with a CAGR of 4.8% from 2023 to 2030. Broaching tools are specialized cutting tools used in manufacturing to create precise and complex internal or external shapes of workpieces. They consist of teeth or cutting edges arranged linearly along the tool body. During the broaching process, the tool pulls or pushes the workpiece to remove material in a single pass. This method is effective for creating keyways, splines, and other complex shapes in metals and other materials.

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Market Research Report: Tools Market

Market Research Report: Tools Market

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According to the latest report from Grand View Research, Inc., the global tools market is expected to record a CAGR of 5.7% from 2024 to 2030, reaching approximately 61.84 billion USD by 2030. The growth of the market is driven by increased construction spending in emerging countries around the world. Manufacturers are continuously introducing new improved tools equipped with advanced features such as performance, durability, and user-friendly designs. For example, electric tools now incorporate brushless motors to enhance efficiency, lithium-ion batteries for longer operating times, and ergonomic designs to improve comfort during prolonged use. These technological advancements have made electric tools and hand tools more appealing to both professionals and DIY enthusiasts, leading to increased demand. The construction and infrastructure sectors are experiencing significant global growth due to urbanization, population growth, and government investment in infrastructure development.

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【English Market Research Report】Global Market for Metal Cutting Tools

【English Market Research Report】Global Market for Metal Cutting Tools

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The global market size for metal cutting tools was valued at 75.97 billion USD in 2022 and is expected to grow from 79.62 billion USD in 2023 to 115.85 billion USD by 2031, with a projected CAGR of 4.80% during the forecast period (2024-2031). Metal cutting tools, essential for the precision machining of complex parts, include a variety of machines ranging from modern CNC metal cutting devices powered by electric motors to traditional horizontal lathes. These tools perform various cutting processes such as milling, turning, boring, and grinding on metal workpieces. They come in various sizes and types, including fiber cutters, plasma cutters, and laser cutting devices, playing a crucial role in industries like automotive, particularly benefiting from the surge in demand for welded automotive parts. The metal cutting tools sector is expected to remain a significant segment of the machine tool market, supported by factors such as increasing demand for power tools, growing utilization in end-use sectors, and technological innovations, which underpin the growth trajectory of the metal cutting tools industry.

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