Household Hand Tools Market Expanding At A CAGR Of 4.0% Over The Forecast Period From 2019 To 2025 : Grand View Research Inc.
San Francisco, 4 November 2019: The Report Household Hand Tools Market Size, Share & Trends Analysis Report By Product (Taps & Dies, General Tools), By Distribution Channel (Retail Channels, Online), By Region, And Segment Forecasts, 2019 – 2025 The global household hand tools market size is expected to reach USD 5.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. Increasing shift towards DIY (do-it-yourself) culture on account of increasing labor cost in the developed countries including U.S., Canada, and U.K. is estimated to play a significant role in augmenting the demand for household hand tools. Consumers have increased the adoption of self-help approach, in order to make, modify, and repair at home. Moreover, with the advent of technology, manufacturers are able to manufacture easy and handy implements for domestic use in order to provide a better user i...