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Global Hand Tools and Woodworking Tools Market (2021 to 2026) - Featuring Apex Tool Group, Ideal Industries and Ingersoll Rand Among Others


The growth of the market is attributed to the increasing commercial as well as residential construction and infrastructure projects, adoption of hand tools in households for residential and 
DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations across the world. However, factors such as increase in safety risks and concerns due to 
improper use of hand tools are restraining the market growth.
On the flip side, the development of variable-size and multi-tasking single tools that cater to multiple operations might increase demand for hand tools, and increase in hand tool 
automation to reduce physical work might boost hand tool usage and are expected to create opportunities for the adoption of hand tools and woodworking tools in the coming years. Moreover, 
the lack of all-specification and dimension hand tools for end-users to be prepared for every possible area of application acts as a challenge for the hand tools and woodworking tools market.