Report Overview

India Hand Tools Market - Industry Trends & Forecast Report, 2029

India hand tools market size was estimated at USD 342.8 million in 2022. During the forecast period between 2023 and 2029, the size of India hand tools market is projected to grow at a CAGR of 4.3% reaching a value of USD 416.2 million by 2029. Major growth drivers for the India hand tools market include the increasing infrastructure projects, rising automobile demand, an expansion of infrastructure and construction projects, the growth of the heavy engineering sector, and an upward trend in consumer disposable income. Also, the growing do-it-yourself (DIY) culture contributes to the demand for hand tools among individuals. E-commerce platforms offer wider access to products, influencing market dynamics. The market's future hinges on innovation, ergonomic design, and durability, aligning with users' evolving preferences. As India's industries expand and consumer demands shift, the hand tools market showcases adaptability and potential for sustained growth.

India Hand Tools Market – Overview

India hand tools market pertains to the trade, production, and distribution of a wide range of manual tools designed for various tasks across industries such as manufacturing, construction, automotive, and more. These tools encompass a diverse array of products like wrenches, hammers, screwdrivers, pliers, and cutting tools, among others. The market is characterized by the growing demand for these tools driven by factors such as expanding infrastructure projects, increased manufacturing activities, rising do-it-yourself (DIY) culture, and the need for maintenance services. The market landscape is marked by competition among manufacturers, innovations in product design and durability, and the influence of e-commerce platforms in expanding consumer access.

India Hand Tools Market

Growth Drivers

Growing Infrastructure Sector

The hand tools market is significantly influenced by the burgeoning infrastructure sector, with manufacturers strategically developing innovative and efficient products. This approach is driving substantial investments in research and development, resulting in a surge of novel offerings that cater to heightened customer demand.

Increasing number of Manufacturing Plants across the Country

The escalating number of manufacturing plants is intricately linked to the hand tools market's expansion. Manufacturers are leveraging this trend to bolster their market presence, intensifying competition and leading to strategic efforts to enhance distribution channels for greater market penetration. Smaller players are also contributing to the competitive landscape by offering cost-effective, high-efficiency tools, further enhancing the market's dynamism.

Restraints

Competition from Cheaper Imports

The growth of the India hand tools market is hindered by stiff competition arising from inexpensive imports from China. This influx of low-cost Chinese products puts pressure on the domestic market, impacting the growth potential of local hand tool manufacturers. As these imports gain prominence due to their competitive pricing, domestic players are compelled to strategize and innovate to maintain their market share. This challenging landscape underscores the need for the Indian hand tools industry to enhance its competitiveness, focusing on quality, innovation, and differentiation to overcome the constraints posed by cheap Chinese imports and foster sustainable growth.

Impact of COVID-19 on India Hand Tools Market

COVID-19 pandemic had a mixed impact on the India hand tools market. Lockdowns and disruptions in the supply chain led to reduced production and distribution. With construction and manufacturing sectors affected, demand waned. However, as restrictions eased, the market showed resilience. Manufacturers adopted safety measures and digitization accelerated, aiding recovery. The DIY trend during lockdowns boosted demand for certain tools. While challenges persisted, the market adapted, emphasizing online sales and reimagining operational strategies. The pandemic highlighted the sector's adaptability and underscored the importance of agility and innovation for the post-COVID-19 market landscape.

India Hand Tools Market

Segmental Coverage

India Hand Tools Market – By Tool Type

By tool type, the India hand tools market is divided into General Purpose Tools, Cutting Tools, Layout & Measuring Tools, and Taps & Dies segments. The general-purpose tools segment held the highest share in the India hand tools market by tool type due to their versatility, widespread use among diverse user groups, cost-effectiveness, easy availability, and adaptability to changing needs. These tools are often the entry point for beginners, meet basic maintenance requirements, and cater to a broader range of applications compared to specialized tools. Also, the general-purpose tools include hammers, clamps & vises, pliers, ratchets & sockets, riveters, screwdrivers & nut, wrecking bars, and wrenches. Meanwhile the cutting tools segment is expected to witness the fastest growth rate during the forecast period. It can be attributed to increased industrialization, expansion in manufacturing sectors, infrastructure development, and technological advancements. As industries demand precision in cutting and shaping materials, the need for efficient cutting tools rises. Moreover, sectors like automotive, aerospace, and construction continuously require advanced cutting solutions to enhance productivity and product quality. This heightened demand for specialized tools is likely to drive the growth of the cutting tools segment at an accelerated rate. Also, the cutting tools segment includes chisel & files, cable & wire cutting tools, knives & blades, and saw.

India Hand Tools Market – By Application

Based on application, the India hand tools market is divided into Residential, Commercial, and Industrial segments. The industrial segment held the highest share in the India hand tools market by application due to its extensive demand across manufacturing, construction, and heavy engineering sectors. With requirements spanning from bulk quantities to precision tools, industries rely on durable and specialized hand tools for diverse applications. Ensuring safety, ergonomic design, and performance, these tools are essential for precision, maintenance, and repair tasks. As the economy grows and industrial activities expand, the sector's consistent demand for quality tools drives its dominant position in the market, reflecting its pivotal role in ensuring productivity, safety, and quality across various industries.

India Hand Tools Market – By Region

Regionally, the India Hand Tools Market is divided into North India, South India, East India, and West India.

Competitive Landscape

Major players operating in the India hand tools market include Ajay Industries, Akar Tools Ltd, Alok International Pvt Ltd, Eastman Hand Tools, JCBL Group, JK Files (India) Limited, Venus Industrial Corp, Taparia Tools, Stanley Black & Decker, Hindustan Everest Tools Ltd, Makita India, Bosch Power Tools, and KPT Industries. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Tool Type

• General Purpose Tools

• Cutting Tools

• Layout & Measuring Tools

• Taps and Dies

By Application

• Residential

• Commercial

• Industrial

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Hand Tools Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing infrastructure sector
         2. Increase in the number of manufacturing plants
      2. Restraints
         1. Competition from cheap Chinese imports
         2. Unorganized sector
      3. Opportunities
         1. E-commerce expansion
         2. Skill development programs
      4. Challenges
         1. Price sensitivity
         2. Counterfeiting
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Hand Tools Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Tool Type
         1. General Purpose Tools
            1. Hammers
            2. Clamps & Vises
            3. Pliers
            4. Ratchets & Sockets
            5. Riveters
            6. Screwdrivers & Nut Drivers
            7. Wrecking Bars
            8. Wrenches
         2. Cutting Tools
            1. Chisel & Files
            2. Cable & Wire Cutting Tools
            3. Knives & Blades
            4. Saws
         3. Layout & Measuring Tools
            1. Plumb Bob
            2. Try Square
         4. Taps & Dies
      2. By Application
         1. Residential
         2. Commercial
         3. Industrial
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. India Hand Tools Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on India Hand Tools Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
   1. Ajay Industries
   2. Akar Tools Ltd.
   3. Alok International Pvt. Ltd.
   4. Eastman Hand Tools
   5. JCBL Group
   6. JK Files (India) Limited
   7. Venus Industrial Corp
   8. Taparia Tools
   9. Stanley Black & Decker
   10. Hindustan Everest Tools Ltd.
   11. Makita India
   12. Bosch Power Tools
   13. KPT Industries
   14. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       India Hand Tools Market Segmentation

Figure 2       India Hand Tools Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       India Hand Tools Market Size, By Value (USD Million), 2019–2029

Figure 5       India Hand Tools Market Share, By Tool Type, By Value, 2019–2029

Figure 6       India Hand Tools Market Share, By Application, By Value, 2019–2029

Figure 7       India Hand Tools Market Share, By Region, By Value, 2019–2029

Figure 8       North India Camping Tent Market Size, By Value (USD Million), 2019−2029

Figure 9       North India Camping Tent Market Share, By Tool Type, By Value, 2019−2029

Figure 10     North India Camping Tent Market Share, By Application, By Value, 2019−2029     

Figure 11 South India Camping Tent Market Size, By Value (USD Million), 2019−2029

Figure 12     South India Camping Tent Market Share, By Tool Type, By Value, 2019−2029

Figure 13     South India Camping Tent Market Share, By Application, By Value, 2019−2029         

Figure 14     East India Camping Tent Market Size, By Value (USD Million), 2019−2029

Figure 15     East India Camping Tent Market Share, By Tool Type, By Value, 2019−2029

Figure 16     East India Camping Tent Market Share, By Application, By Value, 2019−2029

Figure 17     West India Camping Tent Market Size, By Value (USD Million), 2019−2029

Figure 18     West India Camping Tent Market Share, By Tool Type, By Value, 2019−2029

Figure 19     West India Camping Tent Market Share, By Application, By Value, 2019−2029         

List of Tables      

Table 1        India Hand Tools Market Share, By Tool Type, By Value, 2019–2029

Table 2        India Hand Tools Market Share, By Application, By Value, 2019–2029

Table 3        India Hand Tools Market Share, By Region, By Value, 2019–2029

Table 4        North India Camping Tent Market Size, By Value (USD Million), 2019−2029

Table 5        North India Camping Tent Market Share, By Tool Type, By Value, 2019−2029

Table 6        North India Camping Tent Market Share, By Application, By Value, 2019−2029  

Table 7 South India Camping Tent Market Size, By Value (USD Million), 2019−2029

Table 8        South India Camping Tent Market Share, By Tool Type, By Value, 2019−2029

Table 9        South India Camping Tent Market Share, By Application, By Value, 2019−2029         

Table 10     East India Camping Tent Market Size, By Value (USD Million), 2019−2029

Table 11      East India Camping Tent Market Share, By Tool Type, By Value, 2019−2029

Table 12      East India Camping Tent Market Share, By Application, By Value, 2019−2029

Table 13     West India Camping Tent Market Size, By Value (USD Million), 2019−2029

Table 14      West India Camping Tent Market Share, By Tool Type, By Value, 2019−2029

Table 15      West India Camping Tent Market Share, By Application, By Value, 2019−2029         

Table 16      Ajay Industries Company Overview

Table 17      Ajay Industries Financial Overview

Table 18      Akar Tools Ltd. Company Overview

Table 19      Akar Tools Ltd. Financial Overview

Table 20      Alok International Pvt. Ltd. Company Overview

Table 21      Alok International Pvt. Ltd. Financial Overview

Table 22      Eastman Hand Tools Company Overview

Table 23      Eastman Hand Tools Financial Overview

Table 24      JCBL Group Company Overview

Table 25      JCBL Group Financial Overview

Table 26      JK Files (India) Limited Company Overview

Table 27      JK Files (India) Limited Financial Overview

Table 28      Venus Industrial Corp Company Overview

Table 29      Venus Industrial Corp Financial Overview

Table 30      Taparia Tools Company Overview

Table 31      Taparia Tools Financial Overview

Table 32      Stanley Black & Decker Company Overview

Table 33      Stanley Black & Decker Financial Overview

Table 34      Hindustan Everest Tools Ltd. Company Overview

Table 35      Hindustan Everest Tools Ltd. Financial Overview

Table 36      Makita India Company Overview

Table 37      Makita India Financial Overview

Table 38      Bosch Power Tools Company Overview

Table 39      Bosch Power Tools Financial Overview

Table 40      KPT Industries Company Overview

Table 41      KPT Industries Financial Overview