World - Tools For Working In The Hand, Pneumatic, Hydraulic Or With Self-Contained Non-Electric Motor - Market Analysis, Forecast, Size, Trends and Insights
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The article provides detailed insights into the global market for pneumatic or hydraulic hand tools. It forecasts a positive growth trend in consumption and value terms from 2022 to 2030, highlighting the key countries and types of hand tools. The analysis also covers production, imports, and exports trends, showcasing fluctuating patterns and growth rates across different regions. Overall, the article presents a comprehensive overview of the market dynamics and projections for the industry.
Market Forecast
Driven by increasing demand for pneumatic or hydraulic hand tools worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 174M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market value to $40B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Tools For Working In The Hand, Pneumatic, Hydraulic Or With Self-Contained Non-Electric Motor
In 2022, consumption of pneumatic or hydraulic hand tools decreased by -9.4% to 154M units for the first time since 2017, thus ending a four-year rising trend. The total consumption volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume of 170M units, and then declined in the following year.
The value of the market for pneumatic or hydraulic hand tools worldwide declined dramatically to $30.6B in 2022, shrinking by -16.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.0% against 2017 indices. As a result, consumption reached the peak level of $36.5B, and then fell notably in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (27M units), the United States (16M units) and India (9.3M units), together accounting for 34% of global consumption. Indonesia, Russia, Pakistan, Mexico, Nigeria, Bangladesh and the Philippines lagged somewhat behind, together accounting for a further 17%.
From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +10.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Nigeria ($4.7B) led the market, alone. The second position in the ranking was held by Bangladesh ($1.5B). It was followed by China.
From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +14.2%. In the other countries, the average annual rates were as follows: Bangladesh (+0.6% per year) and China (+1.8% per year).
The countries with the highest levels of pneumatic or hydraulic hand tool per capita consumption in 2022 were the United States (48 units per 1000 persons), Russia (28 units per 1000 persons) and Mexico (28 units per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Philippines (with a CAGR of +8.8%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Tools For Working In The Hand, Pneumatic, Hydraulic Or With Self-Contained Non-Electric Motor
After four years of growth, production of pneumatic or hydraulic hand tools decreased by -12.3% to 141M units in 2022. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, production attained the peak volume of 161M units, and then contracted in the following year.
In value terms, pneumatic or hydraulic hand tool production declined sharply to $28.1B in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +48.3% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 58%. As a result, production reached the peak level of $34.7B, and then declined dramatically in the following year.
Production By Country
The country with the largest volume of pneumatic or hydraulic hand tool production was China (69M units), comprising approx. 49% of total volume. Moreover, pneumatic or hydraulic hand tool production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (9M units), eightfold. The third position in this ranking was taken by Pakistan (3.9M units), with a 2.8% share.
In China, pneumatic or hydraulic hand tool production expanded at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-4.2% per year) and Pakistan (+1.4% per year).
Imports
World Imports of Tools For Working In The Hand, Pneumatic, Hydraulic Or With Self-Contained Non-Electric Motor
In 2022, after two years of growth, there was significant decline in supplies from abroad of pneumatic or hydraulic hand tools, when their volume decreased by -8.7% to 81M units. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of 89M units, and then declined in the following year.
In value terms, pneumatic or hydraulic hand tool imports declined to $6.3B in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $6.6B, and then reduced modestly in the following year.
Imports By Country
In 2022, the United States (18M units), distantly followed by India (11M units) and Russia (3.8M units) represented the main importers of pneumatic or hydraulic hand tools, together constituting 40% of total imports. Canada (2.3M units), France (2.2M units), Thailand (2M units), South Africa (2M units), Germany (1.9M units), Belgium (1.9M units), Mexico (1.9M units), Brazil (1.8M units), the UK (1.7M units) and Argentina (1.5M units) held a little share of total imports.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +17.7%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($1.2B) constitutes the largest market for imported pneumatic or hydraulic hand tools worldwide, comprising 19% of global imports. The second position in the ranking was held by France ($362M), with a 5.7% share of global imports. It was followed by Germany, with a 5.2% share.
In the United States, pneumatic or hydraulic hand tool imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+1.7% per year) and Germany (+1.0% per year).
Imports By Type
The imports of the three major types of pneumatic or hydraulic hand tools, namely handtools, hydraulic or with a self-contained non-electric motor, tools; for working in the hand, pneumatic, other than rotary type and chainsaws with a self-contained non-electric motor, represented more than two-thirds of total import. It was distantly followed by tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) (15M units), generating a 19% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main imported products, was attained by tools; for working in the hand, pneumatic, other than rotary type (with a CAGR of +4.9%), while imports for the other products experienced more modest paces of growth.
In value terms, the largest types of imported pneumatic or hydraulic hand tools were handtools, hydraulic or with a self-contained non-electric motor ($2.6B), chainsaws with a self-contained non-electric motor ($1.5B) and tools; for working in the hand, pneumatic, other than rotary type ($1.2B), together accounting for 83% of global imports.
Chainsaws with a self-contained non-electric motor, with a CAGR of +1.4%, saw the highest growth rate of the value of imports, in terms of the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.
Import Prices By Type
In 2022, the average import price for pneumatic or hydraulic hand tools amounted to $77 per unit, growing by 4.2% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. Over the period under review, average import prices reached the maximum at $106 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by the product type; the product with the highest price was handtools, hydraulic or with a self-contained non-electric motor ($102 per unit), while the price for tools; for working in the hand, pneumatic, other than rotary type ($54 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by non-electric motor handtools (-1.7%), while the other products experienced a decline in the import price figures.
Import Prices By Country
In 2022, the average import price for pneumatic or hydraulic hand tools amounted to $77 per unit, growing by 4.2% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. Global import price peaked at $106 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($170 per unit), while India ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Tools For Working In The Hand, Pneumatic, Hydraulic Or With Self-Contained Non-Electric Motor
After two years of growth, shipments abroad of pneumatic or hydraulic hand tools decreased by -14.4% to 69M units in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 65%. Over the period under review, the global exports reached the maximum at 80M units in 2021, and then contracted in the following year.
In value terms, pneumatic or hydraulic hand tool exports reduced to $5.4B in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, the exports reached the peak of $5.8B, and then contracted in the following year.
Exports By Country
In 2022, China (43M units) was the key exporter of pneumatic or hydraulic hand tools, comprising 62% of total exports. It was distantly followed by Taiwan (Chinese) (9.2M units), achieving a 13% share of total exports. India (2.6M units), the United States (2M units), Germany (1.3M units) and Sweden (1M units) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, India (+29.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.8% from 2012-2022. By contrast, Sweden (-2.1%), Taiwan (Chinese) (-4.1%), Germany (-5.4%) and the United States (-7.8%) illustrated a downward trend over the same period. China (+12 p.p.) and India (+3.4 p.p.) significantly strengthened its position in terms of the global exports, while the United States and Taiwan (Chinese) saw its share reduced by -3.8% and -7.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($1.7B) remains the largest pneumatic or hydraulic hand tool supplier worldwide, comprising 32% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($682M), with a 13% share of global exports. It was followed by Germany, with a 9.9% share.
From 2012 to 2022, the average annual growth rate of value in China stood at +4.0%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+4.8% per year) and Germany (+2.3% per year).
Exports By Type
In 2022, tools; for working in the hand, pneumatic, other than rotary type (23M units) and handtools, hydraulic or with a self-contained non-electric motor (21M units) represented the main types of pneumatic or hydraulic hand toolsaround the world, together resulting at approx. 63% of total exports. It was distantly followed by chainsaws with a self-contained non-electric motor (13M units) and tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) (12M units), together generating a 37% share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exported products, was attained by tools; for working in the hand, pneumatic, other than rotary type (with a CAGR of +3.0%), while the other products experienced more modest paces of growth.
In value terms, the largest types of exported pneumatic or hydraulic hand tools were handtools, hydraulic or with a self-contained non-electric motor ($2.3B), tools; for working in the hand, pneumatic, other than rotary type ($1.1B) and chainsaws with a self-contained non-electric motor ($1.1B), with a combined 83% share of global exports.
Tools; for working in the hand, pneumatic, other than rotary type, with a CAGR of +2.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exported products over the period under review, while shipments for the other products experienced mixed trends in the exports figures.
Export Prices By Type
The average export price for pneumatic or hydraulic hand tools stood at $79 per unit in 2022, increasing by 9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 53%. The global export price peaked at $128 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by the product type; the product with the highest price was handtools, hydraulic or with a self-contained non-electric motor ($108 per unit), while the average price for exports of tools; for working in the hand, pneumatic, other than rotary type ($50 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by non-electric motor handtools (+0.6%), while the other products experienced a decline in the export price figures.
Export Prices By Country
In 2022, the average export price for pneumatic or hydraulic hand tools amounted to $79 per unit, increasing by 9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 53% against the previous year. The global export price peaked at $128 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($421 per unit), while India ($22 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for pneumatic or hydraulic hand tool. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241240 - Tools for working in the hand, pneumatic, including combined rotary-percussion
- Prodcom 28241260 - Chainsaws with a self-contained non-electric motor
- Prodcom 28241280 - Handtools, hydraulic or with a self-contained non-electric motor (excluding chainsaws)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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In 2016, the global imports of electro-mechanical tool totaled X tons, picking up by X% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relativel...
In 2016, the global imports of electro-mechanical tool totaled X tons, picking up by X% against the previous year figure. Overall, electro-mechanical tool imports continue to indicate a relativel...
Global electro-mechanical tool market production (drills of all kinds, saws or other) was estimated
In 2015, the value of total imports on the global electro-mechanical tool market stood at X million USD. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical terms, the total volume of electro-mechanical too
From 2007 to 2015, global consumption on the electro-mechanical tool market grew annually by +X%. The highest annual rates of growth with regard to electro-mechanical tools (drills of all kinds, saws or other) consumption from 2007 to 2015, were reco
From 2007 to 2015, global exports of electro-mechanical tools (drills of all kinds, saws or other) increased by +X% per year, amounting to X million USD in 2015. In physical terms, exports reached X million units in 2015, and remained stable a
China dominates in the global electro-mechanical tool trade. In 2014, China exported X thousand tons of electro-mechanical tools totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X