United Kingdom Hand Tools Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Spanners, Vices/Clamps, Pliers/Pincers, Household tools, Grease Guns, Wrenches, Screwdrivers, Hammers/Sledge Hammers, Chisel/Gauges, Metal Working Tools, and Others), By Sales Channel (Retail and Online), and United Kingdom Hand Tools Market Insights, Industry Trend, Forecasts to 2033

United Kingdom Hand Tools Market Insights Forecasts to 2033

• The United Kingdom Hand Tools Market Size was valued at USD 235.5 Million in 2023.
• The United Kingdom Hand Tools Market is Growing at a CAGR of 5.74% from 2023 to 2033
• The United Kingdom Hand Tools Market Size is Expected to reach USD 411.4 Million by 2033

The United Kingdom Hand Tools Market Size is anticipated to exceed USD 411.4 Million by 2033, growing at a CAGR of 5.74% from 2023 to 2033. The rising popularity of DIY activities and elevated functionality & time-efficient secured operation of tools, are driving the growth of the hand tools market in the UK.     

Market Overview

The hand tools market refers to the industry encompassing tools operated by hand, such as wrenches, pliers, screwdrivers, and measuring tools. A hand tool is any tool powered by hand rather than a motor. The market is driven by the development of industrial manufacturing clusters and an increase in the establishment of heat treatment units in the facilities. CNC-operated machines, Special Purpose Machines (SPM), and VMC machines are used in the development of hand tools, providing high precision and dimensional accuracy. Increasing investment in research and development activities, encouraging the development of newer and advanced products, are escalating the market growth opportunities. Further, the increase in hand tool automation for reducing the physical work is driving the demand for hand tools, thereby accelerating the market growth.

Report Coverage

This research report categorizes the market for the UK hand tools market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom hand tools market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK hand tools market.

Driving Factors

The increasing popularity of DIY activities, with the rising e-commerce, is driving the hand tools market demand. The elevated functionality and time-efficient, secure operation of hand tools achieved through improved design, maintenance, and safety practices are propelling the hand tools market. The growth in the construction and infrastructure activities, along with the evolving hand tools ecosystems, is significantly contributing to driving the market.

 Restraining Factors

The limited awareness about high-quality hand tools is challenging the hand tools market. Further, the price sensitivity and regulatory challenges related to safety standards are restraining the market growth.

Market Segmentation

The United Kingdom hand tools market share is classified into product type and sales channel. 

• The wrenches segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom hand tools market is segmented by product type into spanners, vices/clamps, pliers/pincers, household tools, grease guns, wrenches, screwdrivers, hammers/sledge hammers, chisel/gauges, metal working tools, and others. Among these, the wrenches segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period. Wrenches are highly required for repairs and maintenance operations, as well as for plumbing and electrification operations. The increasing automotive production and construction industry, along with rising DIY activities, are propelling the market demand in the wrenches segment.

• The online segment dominated the United Kingdom hand tools market in 2023 and is expected to grow at the fastest CAGR during the projected period.

The United Kingdom hand tools market is segmented by sales channel into retail and online. Among these, the online segment dominated the United Kingdom hand tools market in 2023 and is expected to grow at the fastest CAGR during the projected period. Consumers prefer to purchase hand tool equipment from online retailers. Further, the increasing online shopping habits, consumer confidence, and competitive offerings are driving the market growth in the online segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. hand tools market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Draper Tools Ltd.
• Channellock Inc.
• Crown Hand Tools Ltd
• Einhell Germany AG
• Footprint Sheffield Ltd
• JAFCO Tools Ltd.
• Kennametal Inc.
• Makita Corp.
• Milwaukee Electric Tool
• Robert Bosch Tool Corp.
• Spear and Jackson
• Thomas Flinn and Co.
• Wera Werkzeuge GmbH
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Hand Tools Market based on the below-mentioned segments:

UK Hand Tools Market, By Product Type

• Spanners
• Vices/Clamps
• Pliers/Pincers
• Household tools
• Grease Guns
• Wrenches
• Screwdrivers
• Hammers/Sledge Hammers
• Chisel/Gauges
• Metal Working Tools
• Others

UK Hand Tools Market, By Sales Channel

• Retail
• Online