Global Hand Tools & Accessories Market to Reach US$34.5 billion by 2030 Owing to Rapid Urbanization and Technological Advancements
A new report from Industry Experts Inc, on " Hand Tools & Accessories ," is released. According to this global market research report, the market for Hand Tools & Accessories is estimated at US$26 billion in 2024 and is anticipated to post a CAGR of 5.8% during the 2024-2030 analysis period and stand at a projected US$34.5 billion by 2030. The demand for Hand Tools & Accessories is expected to post steady growth over the analysis period, which can be attributed to several factors, including surge in infrastructural developments due to rapid industrialization & urbanization, technological advancements in shaping these instruments for durability and high proficiency, such as smart tools & ergonomic designs and growing need for repair & maintenance in automotive industry. Wrenches are expected to hold the largest share in the global market for Hand Tool & Accessories. This tool is made of steel and other alloys, such as chromium-vanadi...