Hand Tools Market - India

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024USD 825.53 Million

Market Size in 2033USD 1,222.98 Million

Market Growth Rate (CAGR) 2025-2033: 4.12%

According to IMARC Group's report titled "India Hand Tools Market Report and Forecast 2025-2033," the market reached USD 825.53 million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,222.98 million by 2033, exhibiting a growth rate (CAGR) of 4.12% during 2025-2033.

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India Hand Tools Market Trends and Drivers:

  • Indian hand tool market is witnessing constant growth, which is largely fueled by the development of construction, automotive, manufacturing, and do-it-yourself industries in India at a very fast pace.

  • In essence, the market for robust and accuracy-based tools like wrenches, screwdrivers, hammers, pliers, and spanners is increasing with the infrastructure development accelerating under government and private initiatives.

  • Also, the Make in India programme and higher local content of production are driving local manufacture of hand tools further, enhancing quality and price.

  • Further, growth of the automotive sector and setting up of vehicle repairing and service outlets have highly promoted demand for high-performance hand tools in organized workshops and roadside outlets.

  • Apart from this, with growing urbanization and rising disposable incomes, there is a growing interest in do-it-yourself home renovation projects, which is fueling retail-level sales of hand tools for professionals and hobbyists alike.

  • Additionally, the continuing modernization of farm and allied activities is also fueling demand for hand tools in rural India for repair and maintenance work as well as small-scale construction activities.

  • By contrast, growth in the power and energy industries is increasing demand for electrical hand tools among technicians and utility workers.

  • Additionally, the trend towards consumer preferences for ergonomic, lightweight, and multi-functional tools is forcing manufacturers to invest in R&D and design innovation.

  • Apart from this, increasing popularity of overseas brands in the Indian market with wide promotional campaigns and huge distribution networks is also adding to the supply of products and awareness among customers.

  • Apart from this, expansion of e-commerce portals and online shops is forcing the manufacturers of tools to move to tier 2 and tier 3 cities, offering end users convenience and product availability.

  • Apart from government promotion of vocational training, skill development efforts, and trade shows, quality hand tools-based talent pool is being developed.

  • Further, growing application of hand tools in smart city projects, industrial parks, and solar and wind power plants is a factor favoring demand.

  • Overall, industrial expansion, innovation, and customer need are creating a strong and dynamic India hand tools market that is a critical segment in the country's industrial and consumer tool market.

India Hand Tools Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India hand tools market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Type Insights:

  • Wrench
  • Plier
  • Screw Drivers
  • Hammers
  • Cable Cutter
  • Others

Distribution Channel Insights:

  • Offline
  • Online

End User Insights:

  • DIY
  • Commercial
  • Industrial

Regional Insights:

  • North India
  • South India
  • East India
  • West India

Request for customization: https://www.imarcgroup.com/request?type=report&id=29419&flag=C

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

  • Market Performance (2019-2024)
  • Market Outlook (2025-2033)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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