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Mechanical Hand Tools Market Research Report- Global Forecast 2023

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Rishikesh Kurane
Mechanical Hand Tools Market Research Report- Global Forecast 2023

Global Mechanical Hand Tools Market, By Type (Hand Service Tools, Edge Tools, Hand Saw And Others), By Application (Construction Industry, Decoration Industry, And Household Application), And Region - Forecast 2017-2023.

The need for mechanical hand tools is gradually rising owing to factors such as, growing demand from construction industry coupled with increasing industrialization, growing application industries, increasing demand from household applications and among others.

The rise in the number of manufacturing plants, where hand tools are majorly used, will lead to the growth of mechanical hand tool market.

The industrial sector is expected to grow and would increase in demand for professional hand tools kit, thus leading to the growth of the market.

This market was valued at USD 16,044.1 million in 2016 and is poised to reach USD 20,516.3 million with a CAGR of 3.67% during the forecast period.

Global Mechanical Hand Tools market Share by Region

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Rishikesh Kurane
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