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Asia-Pacific Hand Tools Market Trends, Size, Competitive Analysis and Forecast - 2020-2026

<br>The Asia-Pacific hand tools market is expected to have the highest CAGR of 3.5% during the forecast period. The Asia-Pacific region was the largest market for hand tools in 2019 and accounted for more than 30% of the overall market share. It is also expected to be the fastest-growing market during the forecast period mainly due to the dominant construction industry.<br>

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Asia-Pacific Hand Tools Market Trends, Size, Competitive Analysis and Forecast - 2020-2026

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  1. Orion Market Research Asia-Pacific Hand Tools Market Trends, Size, Competitive Analysis and Forecast - 2020-2026 Request a free sample of our report on Asia-Pacific Hand Tools Market: https://www.omrglobal.com/request-sample/asia-pacific-hand-tools-market ------------------------------------------------------------------------------------------------------------------- Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

  2. The Asia-Pacific hand tools market is expected to have the highest CAGR of 3.5% during the forecast period. The Asia-Pacific region was the largest market for hand tools in 2019 and accounted for more than 30% of the overall market share. It is also expected to be the fastest-growing market during the forecast period mainly due to the dominant construction industry. The construction market in Asia-Pacific, excluding India, is estimated to reach $5.44 trillion by 2021, however, the onset of the COVID-19 will have diminished the construction industry growth by quite a few percentage points. In the longer term, it is also estimated that more than half the global spending in the construction industry will come from APAC countries, especially China, India, Singapore, and Indonesia during the forecast period, thereby supporting the growth of hand tools and their related accessories. Request a free sample of our report on Asia-Pacific Hand Tools Market: https://www.omrglobal.com/request-sample/asia-pacific-hand-tools-market The arrival of the COVID-19 pandemic has broken up the flow of sales of hand tools in Asia-Pacific. With stores being closed in most of the major end-user markets of China, the US, and APAC countries, vendors are trying to fill the gap through e-retailing and third-party sellers. Players are also offering an ‘In-store’ like experience to enhance the customer experience as brick-and-mortar stores are more preferred as an ideal source of distribution in the growing DIY markets. The Asia-Pacific hand tools market is segmented based on tool type and end-user. Based on tool type, the hand tools market is segmented into general purpose tools (hammers, clamps and vises, pliers, ratchets and sockets, riveters, screwdrivers and nut drivers, wrecking bars, and wrenches), cutting tools (chisel and files, cable and wire cutting tools, knives and blades, and saws), layout and measuring tools (plumb bob and try square), and taps and dies. On the basis of end-user, the market is classified into commercial, industrial, and residential. A https://www.omrglobal.com/industry-reports/asia-pacific-hand-tools-market full report of Asia-Pacific Hand Tools Market is available at: Asia-Pacific Hand Tools Market Segmentation

  3. By Tool Type General Purpose Tools oHammers oClamps and Vises oPliers oRatchets and Sockets oRiveters oScrewdrivers and Nut Drivers oWrecking Bars oWrenches Cutting Tools oChisel and Files oCable and Wire Cutting Tools oKnives and Blades oSaws Layout and Measuring Tools oPlumb Bob oTry Square Taps and Dies By End-user Commercial Industrial

  4. Residential Regional Analysis China Japan India Rest of Asia-Pacific Company Profiles Ajay Industries Asahi metal Industry Co.,Ltd. Daido Corp. Deeps Tools Pvt. Ltd. Eastman Cast and Forge, Ltd. Hebei Sinotools Industrial Co., Ltd. JCBL Group Kseibi Tools Co., Ltd Kyoto Tool Co., Ltd. Lobtex Co. Ltd. For https://www.omrglobal.com/report-customization/asia-pacific-hand-tools-market more customized data, request for report customization @ About us: Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated

  5. research reports, customized research reports, consulting and other research- based services. For More Information, Visit https://www.omrglobal.com/ Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

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