VALLEY COTTAGE, N.Y.(GLOBE NEWSWIRE) -- Future Market Insights (FMI) has recently released a research intelligence report with deep-dive analysis on the hand tools market that offers global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The hand tools market was valued at ~US$ 16 Bn in 2018, and is projected to grow notably at a CAGR of ~4% over the forecast period. This growth is primarily driven by increasing customer preference for do-it-yourself activities and rising disposable incomes.
As per the study, the hand tools market is anticipated to witness moderate growth during the forecast period owing to rapid growth of the global automotive market, which in turn pushes the demand for hand tools and related products.
North America’s hand Tools Market to Witness Significant Growth
North America is likely to present significant opportunities for the growth of hand tools market owing to factors such as proliferation in four vehicle fleet and rising disposable incomes of consumers in
