Wherein, it was found that around 73% of the spending is largely attributed to buying new pliers, screwdrivers, hammers, and saws. Many plumbing contractors rely on hand tools to do their jobs effectively. This includes everything from plumbers' wrenches to pipe clamps. Increased use of automation introduces new requirements for fasteners (such as screws) in the global hand tool market that can now be handled with traditional hand tools. This figure is forecasted to rise to nearly half (49%) by 2030. Nearly a third (32%) of all plumbing orders are expected to be placed with hand tools by the end of 2022. In a recent survey of plumbing contractors on hand tool market, almost two-thirds (63%) reported spending $5000 or more each year on hand tools, and over one-third (37%) reported spending $6000 or more each year. This can save them time and money in the long run.Īstute Analytica Says, Plumbing Contractors Spend Over $5,000 on Buying New Hand Tools Providing carpenters with the tools they need to complete their projects efficiently is one of the benefits of specialization.Īdditionally, specialized hand tools can help carpenters perform certain tasks more quickly and accurately. There are also models that are specifically designed for drilling holes into wood. For instance, there are models specifically designed for cutting wood in different dimensions. Due to the high demand for these tools, manufacturers in the hand tool market have been able to develop more specialized models that cater to the needs of this niche market. Tools that are commonly used by carpenters include chisels, saws, hammers, and drills. Additionally, these brands usually have a wider range of products available, which makes it easier for carpenters to find the correct tool for the job. This means that the tools will last longer and be more reliable than those made by other brands. One of the reasons for this is that these brands typically use high-quality materials in their products. In fact, 73% of carpenters prefer buying products from Robert Bosch, Stanley and Decker, and Misumi Group. More than 90% of the survey carpenters said they prefer these brands for quality, durability and reliability that is unmatched by any other brand.
In short, carpenters are often drawn to hand tools from well-known brands. As per Astute Analytica, carpenters in North America and Europe hand tool market spend around $2,900 on purchasing new hand tools.Īs per our findings, more than 88% of carpenters prefer buying hand tools from well-established players. In fact, carpentry is one of the most commonly performed repairs and renovations in the US. Not to mention, people are always looking for ways to save time and money when completing DIY projects. With a growing demand for new and innovative home renovations, carpenters are in high demand.
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